FRAPACK: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FRAPACK
Largest movements
- Tangible fixed assets -€35,067
down €35,067 (-8.0%), from €437,292 to €402,225
of which Furniture and vehicles: -€18,455
- Receivables within one year +€29,688
up €29,688 (+59.7%), from €49,723 to €79,411
of which Trade receivables: +€22,419
- Debts after one year -€30,417
down €30,417 (-8.7%), from €351,202 to €320,785
- Tax, wage and social debts +€12,831
up €12,831 (+115.9%), from €11,073 to €23,904
of which Remuneration and social security: +€7,896
- Advances received +€12,187
up €12,187 (+334.2%), from €3,647 to €15,834
- Other operating charges -€43,384
down €43,384 (-90.0%), from €48,221 to €4,837
- Depreciation +€15,298
up €15,298 (+77.4%), from €19,769 to €35,067
- Staff costs -€9,541
down €9,541 (-7.6%), from €126,155 to €116,615
- Financial charges +€3,940
up €3,940 (+33.3%), from €11,843 to €15,783
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,396 | €527,708 | -€5,688 | -1.1% |
| Fixed assets | 21/28 | €439,225 | €402,225 | -€37,000 | -8.4% |
| Tangible fixed assets | 22/27 | €437,292 | €402,225 | -€35,067 | -8.0% |
| Land and buildings | 22 | €347,370 | €332,970 | -€14,400 | -4.1% |
| Plant, machinery and equipment | 23 | €1,665 | €898 | -€766 | -46.0% |
| Furniture and vehicles | 24 | €83,249 | €64,795 | -€18,455 | -22.2% |
| Other tangible fixed assets | 26 | €5,008 | €3,561 | -€1,447 | -28.9% |
| Financial fixed assets | 28 | €1,933 | €0 | -€1,933 | -100.0% |
| Current assets | 29/58 | €94,171 | €125,483 | +€31,313 | +33.3% |
| Stocks and contracts in progress | 3 | - | €1,483 | +€1,483 | |
| Stocks | 30/36 | - | €1,483 | +€1,483 | |
| Amounts receivable within one year | 40/41 | €49,723 | €79,411 | +€29,688 | +59.7% |
| Trade receivables | 40 | €3,353 | €25,772 | +€22,419 | +668.7% |
| Other amounts receivable | 41 | €46,371 | €53,640 | +€7,269 | +15.7% |
| Cash at bank and in hand | 54/58 | €42,577 | €43,603 | +€1,026 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,870 | €986 | -€884 | -47.3% |
| Total equity and liabilities | 10/49 | €533,396 | €527,708 | -€5,688 | -1.1% |
| Equity | 10/15 | €122,964 | €123,397 | +€433 | +0.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €154,829 | €154,829 | = | 0.0% |
| Distributable reserves | 133 | €154,829 | €154,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,965 | -€31,532 | +€433 | +1.4% |
| Amounts payable | 17/49 | €410,432 | €404,311 | -€6,121 | -1.5% |
| Amounts payable after more than one year | 17 | €351,202 | €320,785 | -€30,417 | -8.7% |
| Financial debts | 170/4 | €351,202 | €320,785 | -€30,417 | -8.7% |
| Amounts payable within one year | 42/48 | €59,229 | €83,526 | +€24,296 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €29,222 | €30,417 | +€1,195 | +4.1% |
| Trade debts | 44 | €15,288 | €13,371 | -€1,917 | -12.5% |
| Suppliers | 440/4 | €15,288 | €13,371 | -€1,917 | -12.5% |
| Advances received on contracts in progress | 46 | €3,647 | €15,834 | +€12,187 | +334.2% |
| Taxes, remuneration and social security | 45 | €11,073 | €23,904 | +€12,831 | +115.9% |
| Taxes | 450/3 | €3,168 | €8,102 | +€4,934 | +155.8% |
| Remuneration and social security | 454/9 | €7,905 | €15,801 | +€7,896 | +99.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €126,155 | €116,615 | -€9,541 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,769 | €35,067 | +€15,298 | +77.4% |
| Other operating charges | 640/8 | €48,221 | €4,837 | -€43,384 | -90.0% |
| Gross operating margin | 9900 | €171,065 | €170,369 | -€696 | -0.4% |
| Operating profit (loss) | 9901 | -€23,081 | €13,850 | +€36,931 | |
| Financial income | 75/76B | €2,963 | €2,458 | -€505 | -17.0% |
| Recurring financial income | 75 | €2,963 | €2,458 | -€505 | -17.0% |
| Financial charges | 65/66B | €11,843 | €15,783 | +€3,940 | +33.3% |
| Recurring financial charges | 65 | €11,843 | €15,783 | +€3,940 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,961 | €525 | +€32,485 | |
| Income taxes | 67/77 | €4 | €92 | +€87 | +1987.0% |
| Profit (loss) for the period | 9904 | -€31,965 | €433 | +€32,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,965 | €433 | +€32,398 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.