FRASSIMO: what changed
What changed
FRASSIMO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€156,097
2024 · €306,970-€150,873
Equity
€2.0m
2024 · €1.8m+€156,097
Cash
€17,226
2024 · €274,081-€256,855
Balance sheet total
€3.3m
2024 · €3.0m+€275,703
Largest movements
Assets
- Tangible fixed assets +€857,850
up €857,850 (+84.8%), from €1.0m to €1.9m
of which Land and buildings: +€851,577
- Receivables within one year -€278,865
down €278,865 (-41.5%), from €671,490 to €392,625
of which Trade receivables: -€502,595
- Cash -€256,855
down €256,855 (-93.7%), from €274,081 to €17,226
mainly Investment in fixed assets (net) (-€919,007) and Current portion of long-term debt (-€9,591)
- Receivables after one year -€46,000
down €46,000 (-25.0%), from €184,000 to €138,000
Equity and liabilities
- Reserves +€156,097
up €156,097 (+13.9%), from €1.1m to €1.3m
of which Distributable reserves: +€165,568
- Debts after one year +€76,293
up €76,293 (+8.0%), from €952,685 to €1.0m
- Tax, wage and social debts +€36,400
up €36,400 (+121%), from €30,082 to €66,482
Income statement
- Financial income -€250,917
down €250,917 (-98.3%), from €255,318 to €4,401
- Gross operating margin +€180,168
up €180,168 (+109%), from €165,936 to €346,104
- Depreciation +€33,643
up €33,643 (+122%), from €27,514 to €61,158
- Taxes +€26,526
up €26,526 (+40.9%), from €64,883 to €91,410
- Other operating charges +€10,358
up €10,358 (+258%), from €4,014 to €14,372
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€306,970
Gross operating margin
+€180,168
Depreciation
-€33,643
Other operating charges
-€10,358
Financial income
-€250,917
Financial charges
-€9,596
Taxes
-€26,526
Result 2025
€156,097
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€588,795
Investment
-€919,007
Financing
+€73,357
Cash 2024
€274,081
From operations (derived)
+€588,795
Net result for the year
+€156,097
Depreciation
+€61,158
Receivables after one year
+€46,000
Receivables within one year
+€278,865
Deferred charges and accrued income
+€426
Provisions
-€3,157
Trade debts
+€13,007
Tax, wage and social debts
+€36,400
Investment (derived)
-€919,007
Investment in fixed assets (net)
-€919,007
Financing
+€73,357
Debts after one year
+€76,293
Current portion of long-term debt
-€9,591
Short-term financial debts
+€6,655
Cash 2025
€17,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,040,743 | €3,316,447 | +€275,703 | +9.1% |
| Fixed assets | 21/28 | €1,904,049 | €2,761,899 | +€857,850 | +45.1% |
| Tangible fixed assets | 22/27 | €1,012,049 | €1,869,899 | +€857,850 | +84.8% |
| Land and buildings | 22 | €997,309 | €1,848,886 | +€851,577 | +85.4% |
| Plant, machinery and equipment | 23 | €1,805 | €682 | -€1,123 | -62.2% |
| Furniture and vehicles | 24 | €12,935 | €20,331 | +€7,395 | +57.2% |
| Financial fixed assets | 28 | €892,000 | €892,000 | = | 0.0% |
| Current assets | 29/58 | €1,136,694 | €554,548 | -€582,146 | -51.2% |
| Amounts receivable after more than one year | 29 | €184,000 | €138,000 | -€46,000 | -25.0% |
| Other amounts receivable | 291 | €184,000 | €138,000 | -€46,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €671,490 | €392,625 | -€278,865 | -41.5% |
| Trade receivables | 40 | €526,995 | €24,400 | -€502,595 | -95.4% |
| Other amounts receivable | 41 | €144,495 | €368,225 | +€223,730 | +155% |
| Current investments | 50/53 | €2,723 | €2,723 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €274,081 | €17,226 | -€256,855 | -93.7% |
| Deferred charges and accrued income | 490/1 | €4,401 | €3,974 | -€426 | -9.7% |
| Total equity and liabilities | 10/49 | €3,040,743 | €3,316,447 | +€275,703 | +9.1% |
| Equity | 10/15 | €1,811,694 | €1,967,791 | +€156,097 | +8.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,120,638 | €1,276,735 | +€156,097 | +13.9% |
| Tax-exempt reserves | 132 | €259,477 | €250,005 | -€9,472 | -3.7% |
| Distributable reserves | 133 | €861,161 | €1,026,729 | +€165,568 | +19.2% |
| Profit (loss) carried forward | 14 | €631,057 | €631,057 | = | 0.0% |
| Provisions and deferred taxes | 16 | €85,246 | €82,089 | -€3,157 | -3.7% |
| Deferred taxes | 168 | €85,246 | €82,089 | -€3,157 | -3.7% |
| Amounts payable | 17/49 | €1,143,803 | €1,266,567 | +€122,764 | +10.7% |
| Amounts payable after more than one year | 17 | €952,685 | €1,028,979 | +€76,293 | +8.0% |
| Financial debts | 170/4 | €952,685 | €1,028,979 | +€76,293 | +8.0% |
| Amounts payable within one year | 42/48 | €170,240 | €216,710 | +€46,471 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €132,988 | €123,396 | -€9,591 | -7.2% |
| Financial debts | 43 | - | €6,655 | +€6,655 | |
| Credit institutions | 430/8 | - | €6,655 | +€6,655 | |
| Trade debts | 44 | €7,170 | €20,177 | +€13,007 | +181% |
| Suppliers | 440/4 | €7,170 | €20,177 | +€13,007 | +181% |
| Taxes, remuneration and social security | 45 | €30,082 | €66,482 | +€36,400 | +121% |
| Taxes | 450/3 | €30,082 | €66,482 | +€36,400 | +121% |
| Accrued charges and deferred income | 492/3 | €20,878 | €20,878 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,514 | €61,158 | +€33,643 | +122% |
| Other operating charges | 640/8 | €4,014 | €14,372 | +€10,358 | +258% |
| Gross operating margin | 9900 | €165,936 | €346,104 | +€180,168 | +109% |
| Operating profit (loss) | 9901 | €134,408 | €270,575 | +€136,167 | +101% |
| Financial income | 75/76B | €255,318 | €4,401 | -€250,917 | -98.3% |
| Recurring financial income | 75 | €255,318 | €4,401 | -€250,917 | -98.3% |
| Financial charges | 65/66B | €21,031 | €30,627 | +€9,596 | +45.6% |
| Recurring financial charges | 65 | €21,031 | €30,627 | +€9,596 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €368,696 | €244,349 | -€124,347 | -33.7% |
| Transfer from deferred taxes | 780 | €3,157 | €3,157 | = | 0.0% |
| Income taxes | 67/77 | €64,883 | €91,410 | +€26,526 | +40.9% |
| Profit (loss) for the period | 9904 | €306,970 | €156,097 | -€150,873 | -49.1% |
| Transfer from tax-exempt reserves | 789 | €9,472 | €9,472 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €316,441 | €165,568 | -€150,873 | -47.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.