FRASTEVO: what changed
Two fiscal 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.
FRASTEVO
Largest movements
- Tangible fixed assets -€190,526
down €190,526 (-44.3%), from €430,147 to €239,621
- Receivables within one year +€82,573
up €82,573 (+407.2%), from €20,279 to €102,852
of which Other amounts receivable: +€99,205
- Deferred charges and accrued income +€6,276
new in 2025: €6,276
- Cash -€5,574
down €5,574 (-14.5%), from €38,515 to €32,941
mainly Other debts (-€149,163) and Receivables within one year (-€82,573)
- Other debts -€149,163
down €149,163 (-76.0%), from €196,259 to €47,096
- Reserves +€46,850
up €46,850 (+65.2%), from €71,900 to €118,750
of which Distributable reserves: +€46,850
- Tax, wage and social debts +€11,215
up €11,215 (+155.5%), from €7,211 to €18,426
- Current portion of long-term debt -€6,102
down €6,102 (-53.7%), from €11,367 to €5,265
- Debts after one year -€5,265
down €5,265 (-45.6%), from €11,551 to €6,286
- Depreciation -€74,947
down €74,947 (-44.2%), from €169,563 to €94,616
- Financial income -€54,000
down €54,000 (-100.0%), from €54,000 to €0
of which Non-recurring financial income: -€54,000
- Gross operating margin +€47,146
up €47,146 (+22.1%), from €213,030 to €260,176
- Financial charges -€16,342
down €16,342 (-97.7%), from €16,729 to €387
of which Non-recurring financial charges: -€16,000
- Taxes +€7,885
up €7,885 (+75.3%), from €10,467 to €18,352
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 | €489,397 | €382,145 | -€107,251 | -21.9% |
| Fixed assets | 21/28 | €430,602 | €240,076 | -€190,526 | -44.2% |
| Tangible fixed assets | 22/27 | €430,147 | €239,621 | -€190,526 | -44.3% |
| Land and buildings | 22 | €32,610 | €5,151 | -€27,459 | -84.2% |
| Plant, machinery and equipment | 23 | €267,977 | €186,610 | -€81,368 | -30.4% |
| Furniture and vehicles | 24 | €129,560 | €47,861 | -€81,699 | -63.1% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €58,794 | €142,069 | +€83,275 | +141.6% |
| Amounts receivable within one year | 40/41 | €20,279 | €102,852 | +€82,573 | +407.2% |
| Trade receivables | 40 | €17,532 | €900 | -€16,632 | -94.9% |
| Other amounts receivable | 41 | €2,747 | €101,952 | +€99,205 | +3610.9% |
| Cash at bank and in hand | 54/58 | €38,515 | €32,941 | -€5,574 | -14.5% |
| Deferred charges and accrued income | 490/1 | - | €6,276 | +€6,276 | |
| Total equity and liabilities | 10/49 | €489,397 | €382,145 | -€107,251 | -21.9% |
| Equity | 10/15 | €258,204 | €305,073 | +€46,869 | +18.2% |
| Contributions | 10/11 | €121,000 | €121,000 | = | 0.0% |
| Reserves | 13 | €71,900 | €118,750 | +€46,850 | +65.2% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €69,800 | €116,650 | +€46,850 | +67.1% |
| Profit (loss) carried forward | 14 | €65,304 | €65,323 | +€19 | 0.0% |
| Amounts payable | 17/49 | €231,193 | €77,072 | -€154,120 | -66.7% |
| Amounts payable after more than one year | 17 | €11,551 | €6,286 | -€5,265 | -45.6% |
| Financial debts | 170/4 | €11,551 | €6,286 | -€5,265 | -45.6% |
| Amounts payable within one year | 42/48 | €219,642 | €70,787 | -€148,855 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €11,367 | €5,265 | -€6,102 | -53.7% |
| Trade debts | 44 | €4,805 | - | -€4,805 | |
| Suppliers | 440/4 | €4,805 | - | -€4,805 | |
| Taxes, remuneration and social security | 45 | €7,211 | €18,426 | +€11,215 | +155.5% |
| Taxes | 450/3 | €7,211 | €18,426 | +€11,215 | +155.5% |
| Other amounts payable | 47/48 | €196,259 | €47,096 | -€149,163 | -76.0% |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,563 | €94,616 | -€74,947 | -44.2% |
| Other operating charges | 640/8 | €437 | €617 | +€180 | +41.1% |
| Non-recurring operating charges | 66A | - | €99,335 | +€99,335 | |
| Gross operating margin | 9900 | €213,030 | €260,176 | +€47,146 | +22.1% |
| Operating profit (loss) | 9901 | €43,030 | €65,608 | +€22,578 | +52.5% |
| Financial income | 75/76B | €54,000 | €0 | -€54,000 | -100.0% |
| Recurring financial income | 75 | €54,000 | €0 | -€54,000 | -100.0% |
| Non-recurring financial income | 76B | €54,000 | - | -€54,000 | |
| Financial charges | 65/66B | €16,729 | €387 | -€16,342 | -97.7% |
| Recurring financial charges | 65 | €729 | €387 | -€342 | -46.9% |
| Non-recurring financial charges | 66B | €16,000 | - | -€16,000 | |
| Profit (loss) for the period before taxes | 9903 | €80,301 | €65,221 | -€15,080 | -18.8% |
| Income taxes | 67/77 | €10,467 | €18,352 | +€7,885 | +75.3% |
| Profit (loss) for the period | 9904 | €69,834 | €46,869 | -€22,965 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,834 | €46,869 | -€22,965 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.