Frappand: 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.
Frappand
Largest movements
- Receivables within one year +€16,510
up €16,510 (+23.8%), from €69,444 to €85,954
of which Other amounts receivable: +€12,091
- Cash +€10,555
up €10,555 (+84.0%), from €12,568 to €23,123
mainly Net result for the year (+€33,855) and Trade debts (+€13,816)
- Reserves +€14,795
up €14,795 (+22.3%), from €66,210 to €81,005
of which Distributable reserves: +€14,795
- Trade debts +€13,816
new in 2025: €13,816
- Gross operating margin +€4,774
up €4,774 (+10.1%), from €47,310 to €52,084
- Taxes +€2,416
up €2,416 (+16.1%), from €15,050 to €17,466
- Financial income +€1,299
up €1,299 (+44.2%), from €2,938 to €4,237
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 | €92,490 | €119,906 | +€27,416 | +29.6% |
| Formation expenses | 20 | €338 | €98 | -€240 | -71.0% |
| Fixed assets | 21/28 | €7,208 | €7,871 | +€663 | +9.2% |
| Intangible fixed assets | 21 | €98 | €84 | -€14 | -14.3% |
| Tangible fixed assets | 22/27 | €7,110 | €7,787 | +€677 | +9.5% |
| Plant, machinery and equipment | 23 | €7,110 | €7,787 | +€677 | +9.5% |
| Current assets | 29/58 | €84,944 | €111,937 | +€26,993 | +31.8% |
| Amounts receivable within one year | 40/41 | €69,444 | €85,954 | +€16,510 | +23.8% |
| Trade receivables | 40 | €6,179 | €10,598 | +€4,419 | +71.5% |
| Other amounts receivable | 41 | €63,265 | €75,356 | +€12,091 | +19.1% |
| Cash at bank and in hand | 54/58 | €12,568 | €23,123 | +€10,555 | +84.0% |
| Deferred charges and accrued income | 490/1 | €2,932 | €2,860 | -€72 | -2.5% |
| Total equity and liabilities | 10/49 | €92,490 | €119,906 | +€27,416 | +29.6% |
| Equity | 10/15 | €67,710 | €82,505 | +€14,795 | +21.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €66,210 | €81,005 | +€14,795 | +22.3% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €66,060 | €80,855 | +€14,795 | +22.4% |
| Amounts payable | 17/49 | €24,780 | €37,401 | +€12,621 | +50.9% |
| Amounts payable within one year | 42/48 | €24,780 | €37,401 | +€12,621 | +50.9% |
| Trade debts | 44 | - | €13,816 | +€13,816 | |
| Suppliers | 440/4 | - | €13,816 | +€13,816 | |
| Taxes, remuneration and social security | 45 | €24,780 | €23,585 | -€1,195 | -4.8% |
| Taxes | 450/3 | €24,780 | €23,585 | -€1,195 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,470 | €3,480 | +€10 | +0.3% |
| Other operating charges | 640/8 | €748 | €1,102 | +€354 | +47.3% |
| Gross operating margin | 9900 | €47,310 | €52,084 | +€4,774 | +10.1% |
| Operating profit (loss) | 9901 | €43,092 | €47,502 | +€4,410 | +10.2% |
| Financial income | 75/76B | €2,938 | €4,237 | +€1,299 | +44.2% |
| Recurring financial income | 75 | €2,938 | €4,237 | +€1,299 | +44.2% |
| Financial charges | 65/66B | €604 | €418 | -€186 | -30.8% |
| Recurring financial charges | 65 | €604 | €418 | -€186 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €45,426 | €51,321 | +€5,895 | +13.0% |
| Income taxes | 67/77 | €15,050 | €17,466 | +€2,416 | +16.1% |
| Profit (loss) for the period | 9904 | €30,376 | €33,855 | +€3,479 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,376 | €33,855 | +€3,479 | +11.5% |
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.