FraTech: what changed
What changed
FraTech
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€60,545
2024 · €33,691+€26,853
Equity
€461,842
2024 · €401,297+€60,545
Cash
€142,312
2024 · €58,081+€84,232
Balance sheet total
€751,221
2024 · €731,969+€19,252
Largest movements
Assets
- Cash +€84,232
up €84,232 (+145%), from €58,081 to €142,312
mainly Depreciation (+€71,071) and Net result for the year (+€60,545)
- Tangible fixed assets -€58,631
down €58,631 (-11.3%), from €518,785 to €460,154
of which Leasing and similar rights: -€31,232
- Receivables within one year -€9,016
down €9,016 (-6.4%), from €141,949 to €132,932
of which Trade receivables: -€24,166
Equity and liabilities
- Reserves +€60,545
up €60,545 (+15.3%), from €395,097 to €455,642
- Debts after one year -€41,990
down €41,990 (-25.2%), from €166,786 to €124,796
- Trade debts +€21,898
up €21,898 (+62.6%), from €34,999 to €56,896
Income statement
- Staff costs -€26,924
down €26,924 (-12.7%), from €212,143 to €185,219
- Taxes +€9,666
up €9,666 (+63.3%), from €15,275 to €24,941
- Gross operating margin +€8,315
up €8,315 (+2.4%), from €347,633 to €355,948
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
€33,691
Gross operating margin
+€8,315
Staff costs
+€26,924
Depreciation
-€794
Other operating charges
-€1
Financial income
+€21
Financial charges
+€2,055
Taxes
-€9,666
Result 2025
€60,545
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
+€145,978
Investment
-€12,430
Financing
-€49,316
Cash 2024
€58,081
From operations (derived)
+€145,978
Net result for the year
+€60,545
Depreciation
+€71,071
Stocks and contracts
-€1,122
Receivables within one year
+€9,016
Deferred charges and accrued income
-€1,556
Trade debts
+€21,898
Tax, wage and social debts
-€6,896
Other debts
-€6,979
Investment (derived)
-€12,430
Investment in fixed assets (net)
-€12,430
Financing
-€49,316
Debts after one year
-€41,990
Current portion of long-term debt
-€7,326
Cash 2025
€142,312
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,969 | €751,221 | +€19,252 | +2.6% |
| Fixed assets | 21/28 | €518,815 | €460,174 | -€58,641 | -11.3% |
| Intangible fixed assets | 21 | €30 | €20 | -€10 | -33.1% |
| Tangible fixed assets | 22/27 | €518,785 | €460,154 | -€58,631 | -11.3% |
| Land and buildings | 22 | €350,265 | €338,399 | -€11,866 | -3.4% |
| Plant, machinery and equipment | 23 | €16,411 | €16,626 | +€215 | +1.3% |
| Furniture and vehicles | 24 | €42,851 | €30,762 | -€12,089 | -28.2% |
| Leasing and similar rights | 25 | €74,236 | €43,005 | -€31,232 | -42.1% |
| Other tangible fixed assets | 26 | €35,021 | €31,362 | -€3,659 | -10.4% |
| Current assets | 29/58 | €213,154 | €291,047 | +€77,893 | +36.5% |
| Stocks and contracts in progress | 3 | €7,682 | €8,804 | +€1,122 | +14.6% |
| Stocks | 30/36 | €7,682 | €8,804 | +€1,122 | +14.6% |
| Amounts receivable within one year | 40/41 | €141,949 | €132,932 | -€9,016 | -6.4% |
| Trade receivables | 40 | €118,433 | €94,267 | -€24,166 | -20.4% |
| Other amounts receivable | 41 | €23,516 | €38,665 | +€15,149 | +64.4% |
| Cash at bank and in hand | 54/58 | €58,081 | €142,312 | +€84,232 | +145% |
| Deferred charges and accrued income | 490/1 | €5,443 | €6,998 | +€1,556 | +28.6% |
| Total equity and liabilities | 10/49 | €731,969 | €751,221 | +€19,252 | +2.6% |
| Equity | 10/15 | €401,297 | €461,842 | +€60,545 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €395,097 | €455,642 | +€60,545 | +15.3% |
| Distributable reserves | 133 | €395,097 | €455,642 | +€60,545 | +15.3% |
| Amounts payable | 17/49 | €330,672 | €289,379 | -€41,293 | -12.5% |
| Amounts payable after more than one year | 17 | €166,786 | €124,796 | -€41,990 | -25.2% |
| Financial debts | 170/4 | €166,786 | €124,796 | -€41,990 | -25.2% |
| Amounts payable within one year | 42/48 | €163,886 | €164,583 | +€697 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €49,316 | €41,990 | -€7,326 | -14.9% |
| Trade debts | 44 | €34,999 | €56,896 | +€21,898 | +62.6% |
| Suppliers | 440/4 | €34,999 | €56,896 | +€21,898 | +62.6% |
| Taxes, remuneration and social security | 45 | €27,975 | €21,080 | -€6,896 | -24.6% |
| Taxes | 450/3 | €20,549 | €16,674 | -€3,875 | -18.9% |
| Remuneration and social security | 454/9 | €7,427 | €4,406 | -€3,021 | -40.7% |
| Other amounts payable | 47/48 | €51,595 | €44,617 | -€6,979 | -13.5% |
| Remuneration, social security and pensions | 62 | €212,143 | €185,219 | -€26,924 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,277 | €71,071 | +€794 | +1.1% |
| Other operating charges | 640/8 | €5,188 | €5,189 | +€1 | 0.0% |
| Gross operating margin | 9900 | €347,633 | €355,948 | +€8,315 | +2.4% |
| Operating profit (loss) | 9901 | €60,024 | €94,468 | +€34,444 | +57.4% |
| Financial income | 75/76B | €0 | €21 | +€21 | +209,200% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +209,200% |
| Financial charges | 65/66B | €11,058 | €9,003 | -€2,055 | -18.6% |
| Recurring financial charges | 65 | €11,058 | €9,003 | -€2,055 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €48,966 | €85,486 | +€36,520 | +74.6% |
| Income taxes | 67/77 | €15,275 | €24,941 | +€9,666 | +63.3% |
| Profit (loss) for the period | 9904 | €33,691 | €60,545 | +€26,853 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,691 | €60,545 | +€26,853 | +79.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.