Frasa Consult: 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.
Frasa Consult
Largest movements
- Tangible fixed assets +€109,502
up €109,502 (+22.1%), from €496,168 to €605,670
of which Furniture and vehicles: +€80,677
- Cash -€21,323
down €21,323 (-65.1%), from €32,735 to €11,411
mainly Investment in fixed assets (net) (-€141,814) and Trade debts (-€863)
- Reserves +€36,555
up €36,555 (+41.0%), from €89,140 to €125,695
- Other debts +€31,853
up €31,853 (+432%), from €7,373 to €39,226
- Debts after one year +€13,541
up €13,541 (+13.2%), from €102,241 to €115,782
- Gross operating margin +€14,324
up €14,324 (+17.1%), from €83,688 to €98,012
- Depreciation +€10,794
up €10,794 (+50.2%), from €21,518 to €32,312
- Other operating charges +€2,208
up €2,208 (+48.2%), from €4,576 to €6,784
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 | €546,959 | €635,033 | +€88,074 | +16.1% |
| Fixed assets | 21/28 | €496,168 | €605,670 | +€109,502 | +22.1% |
| Tangible fixed assets | 22/27 | €496,168 | €605,670 | +€109,502 | +22.1% |
| Land and buildings | 22 | €490,643 | €516,725 | +€26,082 | +5.3% |
| Plant, machinery and equipment | 23 | €5,525 | €4,618 | -€907 | -16.4% |
| Furniture and vehicles | 24 | - | €80,677 | +€80,677 | |
| Other tangible fixed assets | 26 | - | €3,650 | +€3,650 | |
| Current assets | 29/58 | €50,791 | €29,364 | -€21,428 | -42.2% |
| Amounts receivable within one year | 40/41 | €18,057 | €17,952 | -€104 | -0.6% |
| Trade receivables | 40 | €17,892 | €16,920 | -€972 | -5.4% |
| Other amounts receivable | 41 | €165 | €1,033 | +€868 | +525% |
| Cash at bank and in hand | 54/58 | €32,735 | €11,411 | -€21,323 | -65.1% |
| Total equity and liabilities | 10/49 | €546,959 | €635,033 | +€88,074 | +16.1% |
| Equity | 10/15 | €408,529 | €445,084 | +€36,555 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €10,375 | €10,375 | = | 0.0% |
| Reserves | 13 | €89,140 | €125,695 | +€36,555 | +41.0% |
| Distributable reserves | 133 | €89,140 | €125,695 | +€36,555 | +41.0% |
| Profit (loss) carried forward | 14 | €302,814 | €302,814 | = | 0.0% |
| Amounts payable | 17/49 | €138,430 | €189,949 | +€51,520 | +37.2% |
| Amounts payable after more than one year | 17 | €102,241 | €115,782 | +€13,541 | +13.2% |
| Financial debts | 170/4 | €102,241 | €115,782 | +€13,541 | +13.2% |
| Amounts payable within one year | 42/48 | €36,189 | €74,167 | +€37,978 | +105% |
| Current portion of amounts payable after more than one year | 42 | €9,027 | €12,611 | +€3,584 | +39.7% |
| Trade debts | 44 | €863 | - | -€863 | |
| Suppliers | 440/4 | €863 | - | -€863 | |
| Taxes, remuneration and social security | 45 | €18,926 | €22,331 | +€3,404 | +18.0% |
| Taxes | 450/3 | €18,926 | €22,331 | +€3,404 | +18.0% |
| Other amounts payable | 47/48 | €7,373 | €39,226 | +€31,853 | +432% |
| Non-recurring operating income | 76A | - | €2,200 | +€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,518 | €32,312 | +€10,794 | +50.2% |
| Other operating charges | 640/8 | €4,576 | €6,784 | +€2,208 | +48.2% |
| Gross operating margin | 9900 | €83,688 | €98,012 | +€14,324 | +17.1% |
| Operating profit (loss) | 9901 | €57,594 | €58,916 | +€1,323 | +2.3% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €3,222 | €2,549 | -€673 | -20.9% |
| Recurring financial charges | 65 | €3,222 | €2,549 | -€673 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €54,371 | €56,398 | +€2,026 | +3.7% |
| Income taxes | 67/77 | €19,731 | €19,843 | +€112 | +0.6% |
| Profit (loss) for the period | 9904 | €34,641 | €36,555 | +€1,914 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,641 | €36,555 | +€1,914 | +5.5% |
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 20 October 2026 via checked.be.