FRASICO IMMO: 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.
FRASICO IMMO
Largest movements
- Receivables within one year +€72,000
new in 2025: €72,000
- Tangible fixed assets -€49,836
down €49,836 (-11.3%), from €440,165 to €390,329
of which Land and buildings: -€37,099
- Cash +€19,494
up €19,494 (+123%), from €15,851 to €35,345
mainly Depreciation (+€52,014) and Net result for the year (+€27,779)
- Profit (loss) carried forward +€27,779
up €27,779 (+13.2%), from €210,645 to €238,424
- Other debts +€14,248
up €14,248 (+8.0%), from €177,185 to €191,433
- Gross operating margin +€8,223
up €8,223 (+9.8%), from €83,890 to €92,113
- Taxes -€4,612
no longer reported in 2025 (was €4,612)
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 | €461,427 | €504,939 | +€43,512 | +9.4% |
| Fixed assets | 21/28 | €444,008 | €395,968 | -€48,040 | -10.8% |
| Tangible fixed assets | 22/27 | €440,165 | €390,329 | -€49,836 | -11.3% |
| Land and buildings | 22 | €357,815 | €320,716 | -€37,099 | -10.4% |
| Plant, machinery and equipment | 23 | €82,350 | €69,613 | -€12,737 | -15.5% |
| Financial fixed assets | 28 | €3,843 | €5,639 | +€1,796 | +46.7% |
| Current assets | 29/58 | €17,419 | €108,971 | +€91,552 | +526% |
| Amounts receivable within one year | 40/41 | - | €72,000 | +€72,000 | |
| Other amounts receivable | 41 | - | €72,000 | +€72,000 | |
| Cash at bank and in hand | 54/58 | €15,851 | €35,345 | +€19,494 | +123% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,626 | +€58 | +3.7% |
| Total equity and liabilities | 10/49 | €461,427 | €504,939 | +€43,512 | +9.4% |
| Equity | 10/15 | €281,945 | €309,724 | +€27,779 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,300 | €9,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Legal reserve | 130 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,645 | €238,424 | +€27,779 | +13.2% |
| Amounts payable | 17/49 | €179,482 | €195,215 | +€15,733 | +8.8% |
| Amounts payable within one year | 42/48 | €179,482 | €195,215 | +€15,733 | +8.8% |
| Trade debts | 44 | €2,297 | €3,782 | +€1,485 | +64.6% |
| Suppliers | 440/4 | €2,297 | €3,782 | +€1,485 | +64.6% |
| Other amounts payable | 47/48 | €177,185 | €191,433 | +€14,248 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,608 | €52,014 | +€406 | +0.8% |
| Other operating charges | 640/8 | €11,944 | €12,320 | +€376 | +3.1% |
| Gross operating margin | 9900 | €83,890 | €92,113 | +€8,223 | +9.8% |
| Operating profit (loss) | 9901 | €20,338 | €27,779 | +€7,441 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €20,338 | €27,779 | +€7,441 | +36.6% |
| Income taxes | 67/77 | €4,612 | - | -€4,612 | |
| Profit (loss) for the period | 9904 | €15,726 | €27,779 | +€12,053 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,726 | €27,779 | +€12,053 | +76.6% |
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 14 October 2026 via checked.be.