FRAPPANT: 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.
FRAPPANT
Largest movements
- Cash -€14,598
down €14,598 (-20.2%), from €72,329 to €57,731
mainly Debts after one year (-€16,002) and Investment in fixed assets (net) (-€12,855)
- Receivables within one year +€11,473
up €11,473 (+67.4%), from €17,023 to €28,496
of which Trade receivables: +€10,500
- Tangible fixed assets -€4,191
down €4,191 (-2.9%), from €145,350 to €141,159
of which Land and buildings: -€5,092
- Reserves +€17,470
up €17,470 (+51.1%), from €34,176 to €51,646
- Debts after one year -€16,002
down €16,002 (-27.4%), from €58,363 to €42,361
- Tax, wage and social debts -€10,199
down €10,199 (-90.3%), from €11,289 to €1,089
of which Taxes: -€10,974
- Gross operating margin -€14,495
down €14,495 (-24.3%), from €59,705 to €45,209
- Depreciation +€6,653
up €6,653 (+64.0%), from €10,393 to €17,047
- Taxes -€6,221
down €6,221 (-46.5%), from €13,386 to €7,165
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.
Derived cash bridge
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 | €239,922 | €232,368 | -€7,554 | -3.1% |
| Fixed assets | 21/28 | €145,350 | €141,159 | -€4,191 | -2.9% |
| Tangible fixed assets | 22/27 | €145,350 | €141,159 | -€4,191 | -2.9% |
| Land and buildings | 22 | €99,553 | €94,460 | -€5,092 | -5.1% |
| Plant, machinery and equipment | 23 | €2,364 | €1,792 | -€572 | -24.2% |
| Furniture and vehicles | 24 | €43,434 | €44,907 | +€1,473 | +3.4% |
| Current assets | 29/58 | €94,571 | €91,209 | -€3,363 | -3.6% |
| Amounts receivable within one year | 40/41 | €17,023 | €28,496 | +€11,473 | +67.4% |
| Trade receivables | 40 | €13,500 | €24,000 | +€10,500 | +77.8% |
| Other amounts receivable | 41 | €3,523 | €4,496 | +€973 | +27.6% |
| Cash at bank and in hand | 54/58 | €72,329 | €57,731 | -€14,598 | -20.2% |
| Deferred charges and accrued income | 490/1 | €5,219 | €4,982 | -€237 | -4.5% |
| Total equity and liabilities | 10/49 | €239,922 | €232,368 | -€7,554 | -3.1% |
| Equity | 10/15 | €149,273 | €166,743 | +€17,470 | +11.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,176 | €51,646 | +€17,470 | +51.1% |
| Distributable reserves | 133 | €34,176 | €51,646 | +€17,470 | +51.1% |
| Profit (loss) carried forward | 14 | €102,697 | €102,697 | = | 0.0% |
| Amounts payable | 17/49 | €90,649 | €65,625 | -€25,024 | -27.6% |
| Amounts payable after more than one year | 17 | €58,363 | €42,361 | -€16,002 | -27.4% |
| Financial debts | 170/4 | €58,363 | €42,361 | -€16,002 | -27.4% |
| Amounts payable within one year | 42/48 | €31,119 | €22,838 | -€8,281 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €15,432 | €16,002 | +€570 | +3.7% |
| Trade debts | 44 | €1,154 | €571 | -€583 | -50.5% |
| Suppliers | 440/4 | €1,154 | €571 | -€583 | -50.5% |
| Taxes, remuneration and social security | 45 | €11,289 | €1,089 | -€10,199 | -90.3% |
| Taxes | 450/3 | €11,289 | €314 | -€10,974 | -97.2% |
| Remuneration and social security | 454/9 | - | €775 | +€775 | |
| Other amounts payable | 47/48 | €3,244 | €5,176 | +€1,932 | +59.6% |
| Accrued charges and deferred income | 492/3 | €1,167 | €426 | -€741 | -63.5% |
| Non-recurring operating income | 76A | €25,360 | - | -€25,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,393 | €17,047 | +€6,653 | +64.0% |
| Other operating charges | 640/8 | €1,262 | €1,185 | -€77 | -6.1% |
| Non-recurring operating charges | 66A | €215 | - | -€215 | |
| Gross operating margin | 9900 | €59,705 | €45,209 | -€14,495 | -24.3% |
| Operating profit (loss) | 9901 | €47,835 | €26,978 | -€20,856 | -43.6% |
| Financial income | 75/76B | €28 | €0 | -€28 | -99.7% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.7% |
| Financial charges | 65/66B | €2,160 | €2,343 | +€183 | +8.4% |
| Recurring financial charges | 65 | €2,160 | €2,343 | +€183 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €45,702 | €24,635 | -€21,067 | -46.1% |
| Income taxes | 67/77 | €13,386 | €7,165 | -€6,221 | -46.5% |
| Profit (loss) for the period | 9904 | €32,316 | €17,470 | -€14,846 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,316 | €17,470 | -€14,846 | -45.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.