FRARO: 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.
FRARO
Largest movements
- Cash -€10,002
down €10,002 (-38.4%), from €26,062 to €16,060
mainly Tax, wage and social debts (-€8,900) and Receivables within one year (-€5,128)
- Stocks and contracts -€8,424
down €8,424 (-34.2%), from €24,667 to €16,243
- Receivables within one year +€5,128
up €5,128 (+1393.5%), from €368 to €5,496
of which Other amounts receivable: +€3,666
- Tax, wage and social debts -€8,900
down €8,900 (-83.5%), from €10,655 to €1,755
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Reserves +€3,024
up €3,024 (+18.9%), from €16,031 to €19,055
- Trade debts -€2,084
down €2,084 (-78.4%), from €2,659 to €575
- Gross operating margin -€23,789
down €23,789 (-86.1%), from €27,620 to €3,831
- Taxes -€5,851
down €5,851 (-81.9%), from €7,147 to €1,295
- Financial income +€549
up €549 (+70.3%), from €781 to €1,329
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 | €54,344 | €41,386 | -€12,959 | -23.8% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €52,544 | €39,586 | -€12,959 | -24.7% |
| Stocks and contracts in progress | 3 | €24,667 | €16,243 | -€8,424 | -34.2% |
| Stocks | 30/36 | €24,667 | €16,243 | -€8,424 | -34.2% |
| Amounts receivable within one year | 40/41 | €368 | €5,496 | +€5,128 | +1393.5% |
| Trade receivables | 40 | €368 | €1,831 | +€1,463 | +397.4% |
| Other amounts receivable | 41 | - | €3,666 | +€3,666 | |
| Cash at bank and in hand | 54/58 | €26,062 | €16,060 | -€10,002 | -38.4% |
| Deferred charges and accrued income | 490/1 | €1,447 | €1,787 | +€339 | +23.5% |
| Total equity and liabilities | 10/49 | €54,344 | €41,386 | -€12,959 | -23.8% |
| Equity | 10/15 | €36,031 | €39,055 | +€3,024 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,031 | €19,055 | +€3,024 | +18.9% |
| Distributable reserves | 133 | €16,031 | €19,055 | +€3,024 | +18.9% |
| Amounts payable | 17/49 | €18,314 | €2,330 | -€15,983 | -87.3% |
| Amounts payable within one year | 42/48 | €18,314 | €2,330 | -€15,983 | -87.3% |
| Trade debts | 44 | €2,659 | €575 | -€2,084 | -78.4% |
| Suppliers | 440/4 | €2,659 | €575 | -€2,084 | -78.4% |
| Taxes, remuneration and social security | 45 | €10,655 | €1,755 | -€8,900 | -83.5% |
| Taxes | 450/3 | €10,655 | €1,755 | -€8,900 | -83.5% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €467 | €479 | +€12 | +2.5% |
| Gross operating margin | 9900 | €27,620 | €3,831 | -€23,789 | -86.1% |
| Operating profit (loss) | 9901 | €27,153 | €3,353 | -€23,800 | -87.7% |
| Financial income | 75/76B | €781 | €1,329 | +€549 | +70.3% |
| Recurring financial income | 75 | €781 | €1,329 | +€549 | +70.3% |
| Financial charges | 65/66B | €429 | €363 | -€66 | -15.5% |
| Recurring financial charges | 65 | €429 | €363 | -€66 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €27,505 | €4,320 | -€23,185 | -84.3% |
| Income taxes | 67/77 | €7,147 | €1,295 | -€5,851 | -81.9% |
| Profit (loss) for the period | 9904 | €20,358 | €3,024 | -€17,334 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,358 | €3,024 | -€17,334 | -85.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.