FRAPINA: what changed
Two financial 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.
FRAPINA
Largest movements
- Receivables within one year +€77,583
up €77,583 (+8.6%), from €900,989 to €978,573
of which Other amounts receivable: +€77,583
- Cash -€46,518
down €46,518 (-9.3%), from €500,434 to €453,916
mainly Other debts (-€77,786) and Receivables within one year (-€77,583)
- Tangible fixed assets -€26,267
no longer reported in 2026 (was €26,267)
- Profit (loss) carried forward +€79,338
up €79,338 (+23.5%), from €337,186 to €416,524
- Other debts -€77,786
down €77,786 (-9.0%), from €860,705 to €782,919
- Write-downs -€892,856
no longer reported in 2026 (was €892,856)
- Financial charges -€529,893
down €529,893 (-99.9%), from €530,393 to €500
of which Non-recurring financial charges: -€482,051
- Financial income -€68,386
no longer reported in 2026 (was €68,386)
- Gross operating margin -€28,278
down €28,278 (-25.5%), from €110,867 to €82,589
- Depreciation -€6,343
no longer reported in 2026 (was €6,343)
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,447,055 | €1,437,735 | -€9,320 | -0.6% |
| Fixed assets | 21/28 | €30,065 | €3,799 | -€26,267 | -87.4% |
| Tangible fixed assets | 22/27 | €26,267 | - | -€26,267 | |
| Furniture and vehicles | 24 | €26,267 | - | -€26,267 | |
| Financial fixed assets | 28 | €3,799 | €3,799 | = | 0.0% |
| Current assets | 29/58 | €1,416,990 | €1,433,937 | +€16,947 | +1.2% |
| Amounts receivable within one year | 40/41 | €900,989 | €978,573 | +€77,583 | +8.6% |
| Trade receivables | 40 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 41 | €893,489 | €971,073 | +€77,583 | +8.7% |
| Cash at bank and in hand | 54/58 | €500,434 | €453,916 | -€46,518 | -9.3% |
| Deferred charges and accrued income | 490/1 | €15,567 | €1,448 | -€14,118 | -90.7% |
| Total equity and liabilities | 10/49 | €1,447,055 | €1,437,735 | -€9,320 | -0.6% |
| Equity | 10/15 | €556,990 | €636,328 | +€79,338 | +14.2% |
| Contributions | 10/11 | €123,238 | €123,238 | = | 0.0% |
| Reserves | 13 | €96,566 | €96,566 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €59,066 | €59,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | €337,186 | €416,524 | +€79,338 | +23.5% |
| Amounts payable | 17/49 | €890,065 | €801,407 | -€88,658 | -10.0% |
| Amounts payable within one year | 42/48 | €864,305 | €783,305 | -€81,000 | -9.4% |
| Trade debts | 44 | €3,600 | €386 | -€3,214 | -89.3% |
| Suppliers | 440/4 | €3,600 | €386 | -€3,214 | -89.3% |
| Other amounts payable | 47/48 | €860,705 | €782,919 | -€77,786 | -9.0% |
| Accrued charges and deferred income | 492/3 | €25,760 | €18,102 | -€7,658 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,343 | - | -€6,343 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €892,856 | - | -€892,856 | |
| Other operating charges | 640/8 | €2,803 | €1,484 | -€1,319 | -47.0% |
| Non-recurring operating charges | 66A | €1,683 | €1,267 | -€416 | -24.7% |
| Gross operating margin | 9900 | €110,867 | €82,589 | -€28,278 | -25.5% |
| Operating profit (loss) | 9901 | -€792,818 | €79,838 | +€872,656 | |
| Financial income | 75/76B | €68,386 | - | -€68,386 | |
| Recurring financial income | 75 | €68,386 | - | -€68,386 | |
| Financial charges | 65/66B | €530,393 | €500 | -€529,893 | -99.9% |
| Recurring financial charges | 65 | €48,342 | €500 | -€47,842 | -99.0% |
| Non-recurring financial charges | 66B | €482,051 | - | -€482,051 | |
| Profit (loss) for the period before taxes | 9903 | -€1,254,825 | €79,338 | +€1.3m | |
| Profit (loss) for the period | 9904 | -€1,254,825 | €79,338 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,254,825 | €79,338 | +€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.