Fratelli's: 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.
Fratelli's
Largest movements
- Tangible fixed assets -€34,454
down €34,454 (-4.6%), from €745,487 to €711,034
of which Land and buildings: -€33,621
- Debts after one year -€46,732
down €46,732 (-8.9%), from €527,906 to €481,174
- Profit (loss) carried forward +€9,766
up €9,766 (+33.4%), from €29,279 to €39,044
- Trade debts +€7,658
up €7,658 (+68.3%), from €11,204 to €18,861
- Gross operating margin +€7,309
up €7,309 (+11.9%), from €61,610 to €68,919
- Taxes +€3,984
up €3,984 (+3059.2%), from €130 to €4,114
- Financial charges +€2,405
up €2,405 (+13.5%), from €17,782 to €20,187
- Depreciation -€1,512
down €1,512 (-4.2%), from €35,965 to €34,454
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 | €752,008 | €726,018 | -€25,990 | -3.5% |
| Fixed assets | 21/28 | €745,487 | €711,034 | -€34,454 | -4.6% |
| Tangible fixed assets | 22/27 | €745,487 | €711,034 | -€34,454 | -4.6% |
| Land and buildings | 22 | €743,753 | €710,132 | -€33,621 | -4.5% |
| Furniture and vehicles | 24 | €1,735 | €902 | -€833 | -48.0% |
| Current assets | 29/58 | €6,521 | €14,985 | +€8,464 | +129.8% |
| Amounts receivable within one year | 40/41 | €3,307 | €10,752 | +€7,446 | +225.2% |
| Trade receivables | 40 | €3,307 | €10,752 | +€7,446 | +225.2% |
| Cash at bank and in hand | 54/58 | €3,099 | €3,504 | +€405 | +13.1% |
| Deferred charges and accrued income | 490/1 | €115 | €729 | +€614 | +533.8% |
| Total equity and liabilities | 10/49 | €752,008 | €726,018 | -€25,990 | -3.5% |
| Equity | 10/15 | €43,539 | €53,304 | +€9,766 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,279 | €39,044 | +€9,766 | +33.4% |
| Amounts payable | 17/49 | €708,470 | €672,714 | -€35,756 | -5.0% |
| Amounts payable after more than one year | 17 | €527,906 | €481,174 | -€46,732 | -8.9% |
| Financial debts | 170/4 | €527,906 | €481,174 | -€46,732 | -8.9% |
| Amounts payable within one year | 42/48 | €176,839 | €186,378 | +€9,539 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €45,408 | €46,572 | +€1,164 | +2.6% |
| Trade debts | 44 | €11,204 | €18,861 | +€7,658 | +68.3% |
| Suppliers | 440/4 | €11,204 | €18,861 | +€7,658 | +68.3% |
| Taxes, remuneration and social security | 45 | €312 | €4,425 | +€4,114 | +1320.6% |
| Taxes | 450/3 | €312 | €4,425 | +€4,114 | +1320.6% |
| Other amounts payable | 47/48 | €119,916 | €116,519 | -€3,397 | -2.8% |
| Accrued charges and deferred income | 492/3 | €3,725 | €5,162 | +€1,437 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,965 | €34,454 | -€1,512 | -4.2% |
| Other operating charges | 640/8 | €177 | €398 | +€221 | +124.9% |
| Gross operating margin | 9900 | €61,610 | €68,919 | +€7,309 | +11.9% |
| Operating profit (loss) | 9901 | €25,467 | €34,067 | +€8,599 | +33.8% |
| Financial charges | 65/66B | €17,782 | €20,187 | +€2,405 | +13.5% |
| Recurring financial charges | 65 | €17,782 | €20,187 | +€2,405 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €7,685 | €13,880 | +€6,194 | +80.6% |
| Income taxes | 67/77 | €130 | €4,114 | +€3,984 | +3059.2% |
| Profit (loss) for the period | 9904 | €7,555 | €9,766 | +€2,211 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,555 | €9,766 | +€2,211 | +29.3% |
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 8 October 2026 via checked.be.