FRASCATI: 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.
FRASCATI
Largest movements
- Cash +€9,046
up €9,046 (+39.7%), from €22,778 to €31,824
mainly Depreciation (+€7,428) and Receivables after one year (+€5,300)
- Receivables after one year -€5,300
down €5,300 (-62.0%), from €8,544 to €3,244
- Tangible fixed assets -€4,135
down €4,135 (-44.6%), from €9,273 to €5,138
- Receivables within one year +€2,534
up €2,534 (+9.4%), from €26,973 to €29,507
of which Trade receivables: +€5,136
- Debts after one year -€5,386
down €5,386 (-66.4%), from €8,118 to €2,731
- Reserves +€4,897
up €4,897 (+18.5%), from €26,448 to €31,344
- Other debts +€1,705
new in 2025: €1,705
- Gross operating margin -€1,148
down €1,148 (-6.6%), from €17,498 to €16,350
- Financial charges +€814
up €814 (+180.1%), from €452 to €1,266
- Financial income -€486
down €486 (-36.3%), from €1,336 to €851
- Taxes -€299
down €299 (-10.1%), from €2,976 to €2,677
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 | €68,069 | €70,013 | +€1,944 | +2.9% |
| Fixed assets | 21/28 | €9,573 | €5,438 | -€4,135 | -43.2% |
| Tangible fixed assets | 22/27 | €9,273 | €5,138 | -€4,135 | -44.6% |
| Furniture and vehicles | 24 | €9,273 | €5,138 | -€4,135 | -44.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €58,496 | €64,575 | +€6,079 | +10.4% |
| Amounts receivable after more than one year | 29 | €8,544 | €3,244 | -€5,300 | -62.0% |
| Other amounts receivable | 291 | €8,544 | €3,244 | -€5,300 | -62.0% |
| Amounts receivable within one year | 40/41 | €26,973 | €29,507 | +€2,534 | +9.4% |
| Trade receivables | 40 | €21,968 | €27,104 | +€5,136 | +23.4% |
| Other amounts receivable | 41 | €5,005 | €2,403 | -€2,602 | -52.0% |
| Cash at bank and in hand | 54/58 | €22,778 | €31,824 | +€9,046 | +39.7% |
| Deferred charges and accrued income | 490/1 | €201 | - | -€201 | |
| Total equity and liabilities | 10/49 | €68,069 | €70,013 | +€1,944 | +2.9% |
| Equity | 10/15 | €45,048 | €49,944 | +€4,897 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,448 | €31,344 | +€4,897 | +18.5% |
| Distributable reserves | 133 | €26,448 | €31,344 | +€4,897 | +18.5% |
| Amounts payable | 17/49 | €23,021 | €20,069 | -€2,953 | -12.8% |
| Amounts payable after more than one year | 17 | €8,118 | €2,731 | -€5,386 | -66.4% |
| Financial debts | 170/4 | €8,118 | €2,731 | -€5,386 | -66.4% |
| Amounts payable within one year | 42/48 | €14,903 | €17,337 | +€2,434 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €5,285 | €5,386 | +€101 | +1.9% |
| Trade debts | 44 | €3,385 | €3,841 | +€456 | +13.5% |
| Suppliers | 440/4 | €3,385 | €3,841 | +€456 | +13.5% |
| Taxes, remuneration and social security | 45 | €6,233 | €6,405 | +€172 | +2.8% |
| Taxes | 450/3 | €6,233 | €6,405 | +€172 | +2.8% |
| Other amounts payable | 47/48 | - | €1,705 | +€1,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,469 | €7,428 | -€41 | -0.5% |
| Other operating charges | 640/8 | €930 | €933 | +€3 | +0.3% |
| Gross operating margin | 9900 | €17,498 | €16,350 | -€1,148 | -6.6% |
| Operating profit (loss) | 9901 | €9,100 | €7,989 | -€1,111 | -12.2% |
| Financial income | 75/76B | €1,336 | €851 | -€486 | -36.3% |
| Recurring financial income | 75 | €1,336 | €851 | -€486 | -36.3% |
| Financial charges | 65/66B | €452 | €1,266 | +€814 | +180.1% |
| Recurring financial charges | 65 | €452 | €1,266 | +€814 | +180.1% |
| Profit (loss) for the period before taxes | 9903 | €9,984 | €7,574 | -€2,410 | -24.1% |
| Income taxes | 67/77 | €2,976 | €2,677 | -€299 | -10.1% |
| Profit (loss) for the period | 9904 | €7,008 | €4,897 | -€2,111 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,008 | €4,897 | -€2,111 | -30.1% |
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 11 October 2026 via checked.be.