FRAST CONSTRUCT: 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.
FRAST CONSTRUCT
Largest movements
- Cash -€69,975
down €69,975 (-91.4%), from €76,581 to €6,606
mainly Debts after one year (-€63,229) and Net result for the year (-€59,779)
- Tangible fixed assets -€26,956
down €26,956 (-23.1%), from €116,850 to €89,894
of which Plant, machinery and equipment: -€23,101
- Receivables within one year +€9,917
up €9,917 (+14.3%), from €69,240 to €79,157
of which Trade receivables: +€36,799
- Other debts +€65,145
up €65,145 (+33.5%), from €194,700 to €259,845
- Debts after one year -€63,229
no longer reported in 2025 (was €63,229)
- Profit (loss) carried forward -€33,522
new in 2025: -€33,522
- Reserves -€26,257
down €26,257 (-11.2%), from €234,554 to €208,296
of which Distributable reserves: -€25,724
- Tax, wage and social debts -€14,154
down €14,154 (-83.2%), from €17,011 to €2,858
of which Taxes: -€10,921
- Gross operating margin -€65,806
down €65,806 (-86.2%), from €76,332 to €10,527
- Staff costs -€7,994
down €7,994 (-31.4%), from €25,436 to €17,442
- Other operating charges +€4,546
up €4,546 (+45.8%), from €9,936 to €14,482
- Financial charges +€3,760
up €3,760 (+45.0%), from €8,347 to €12,107
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 | €731,111 | €643,642 | -€87,469 | -12.0% |
| Fixed assets | 21/28 | €516,850 | €489,894 | -€26,956 | -5.2% |
| Tangible fixed assets | 22/27 | €116,850 | €89,894 | -€26,956 | -23.1% |
| Land and buildings | 22 | €33,146 | €31,873 | -€1,273 | -3.8% |
| Plant, machinery and equipment | 23 | €77,813 | €54,711 | -€23,101 | -29.7% |
| Furniture and vehicles | 24 | €5,892 | €3,310 | -€2,582 | -43.8% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €214,261 | €153,748 | -€60,513 | -28.2% |
| Amounts receivable after more than one year | 29 | €61,389 | €61,389 | = | 0.0% |
| Other amounts receivable | 291 | €61,389 | €61,389 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,240 | €79,157 | +€9,917 | +14.3% |
| Trade receivables | 40 | €15,613 | €52,411 | +€36,799 | +236% |
| Other amounts receivable | 41 | €53,627 | €26,746 | -€26,881 | -50.1% |
| Cash at bank and in hand | 54/58 | €76,581 | €6,606 | -€69,975 | -91.4% |
| Deferred charges and accrued income | 490/1 | €7,051 | €6,596 | -€455 | -6.5% |
| Total equity and liabilities | 10/49 | €731,111 | €643,642 | -€87,469 | -12.0% |
| Equity | 10/15 | €320,304 | €260,525 | -€59,779 | -18.7% |
| Contributions | 10/11 | €85,750 | €85,750 | = | 0.0% |
| Reserves | 13 | €234,554 | €208,296 | -€26,257 | -11.2% |
| Tax-exempt reserves | 132 | €170,606 | €170,073 | -€533 | -0.3% |
| Distributable reserves | 133 | €63,948 | €38,224 | -€25,724 | -40.2% |
| Profit (loss) carried forward | 14 | - | -€33,522 | -€33,522 | |
| Provisions and deferred taxes | 16 | €56,869 | €56,691 | -€178 | -0.3% |
| Deferred taxes | 168 | €56,869 | €56,691 | -€178 | -0.3% |
| Amounts payable | 17/49 | €353,939 | €326,426 | -€27,513 | -7.8% |
| Amounts payable after more than one year | 17 | €63,229 | - | -€63,229 | |
| Financial debts | 170/4 | €63,229 | - | -€63,229 | |
| Amounts payable within one year | 42/48 | €280,739 | €320,795 | +€40,056 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €13,011 | €13,229 | +€218 | +1.7% |
| Financial debts | 43 | €1,825 | - | -€1,825 | |
| Credit institutions | 430/8 | €1,825 | - | -€1,825 | |
| Trade debts | 44 | €54,191 | €44,863 | -€9,328 | -17.2% |
| Suppliers | 440/4 | €54,191 | €44,863 | -€9,328 | -17.2% |
| Taxes, remuneration and social security | 45 | €17,011 | €2,858 | -€14,154 | -83.2% |
| Taxes | 450/3 | €12,926 | €2,005 | -€10,921 | -84.5% |
| Remuneration and social security | 454/9 | €4,086 | €852 | -€3,233 | -79.1% |
| Other amounts payable | 47/48 | €194,700 | €259,845 | +€65,145 | +33.5% |
| Accrued charges and deferred income | 492/3 | €9,970 | €5,631 | -€4,339 | -43.5% |
| Non-recurring operating income | 76A | - | €615 | +€615 | |
| Remuneration, social security and pensions | 62 | €25,436 | €17,442 | -€7,994 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,486 | €25,969 | -€517 | -2.0% |
| Other operating charges | 640/8 | €9,936 | €14,482 | +€4,546 | +45.8% |
| Non-recurring operating charges | 66A | €9,737 | €516 | -€9,220 | -94.7% |
| Gross operating margin | 9900 | €76,332 | €10,527 | -€65,806 | -86.2% |
| Operating profit (loss) | 9901 | €4,737 | -€47,883 | -€52,620 | |
| Financial income | 75/76B | €3 | €703 | +€700 | +22,080% |
| Recurring financial income | 75 | €3 | €703 | +€700 | +22,080% |
| Financial charges | 65/66B | €8,347 | €12,107 | +€3,760 | +45.0% |
| Recurring financial charges | 65 | €8,347 | €12,107 | +€3,760 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,607 | -€59,287 | -€55,680 | -1,544% |
| Transfer from deferred taxes | 780 | €87 | €178 | +€91 | +105% |
| Income taxes | 67/77 | €372 | €670 | +€297 | +79.9% |
| Profit (loss) for the period | 9904 | -€3,892 | -€59,779 | -€55,886 | -1,436% |
| Transfer from tax-exempt reserves | 789 | €260 | €533 | +€273 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,632 | -€59,246 | -€55,613 | -1,531% |
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 22 October 2026 via checked.be.