FRATERNITE A.M.: 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.
FRATERNITE A.M.
Largest movements
- Receivables within one year -€10,677
down €10,677 (-21.4%), from €49,794 to €39,117
of which Trade receivables: -€6,330
- Stocks and contracts -€6,195
down €6,195 (-90.7%), from €6,829 to €635
- Cash -€3,854
down €3,854 (-61.8%), from €6,238 to €2,384
mainly Trade debts (-€25,265) and Tax, wage and social debts (-€801)
- Deferred charges and accrued income -€809
no longer reported in 2025 (was €809)
- Trade debts -€25,265
down €25,265 (-78.7%), from €32,099 to €6,834
- Profit (loss) carried forward +€4,530
up €4,530 (+42.4%), from €10,676 to €15,206
- Tax, wage and social debts -€801
down €801 (-34.9%), from €2,296 to €1,495
of which Taxes: -€601
- Gross operating margin +€4,031
up €4,031 (+136%), from €2,962 to €6,993
- Taxes +€920
up €920 (+353%), from €261 to €1,181
- Other operating charges -€825
down €825 (-79.5%), from €1,039 to €213
- Financial income -€628
down €628 (-98.2%), from €640 to €12
- Staff costs -€155
down €155 (-16.1%), from €964 to €809
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 | €63,670 | €42,136 | -€21,535 | -33.8% |
| Current assets | 29/58 | €63,670 | €42,136 | -€21,535 | -33.8% |
| Stocks and contracts in progress | 3 | €6,829 | €635 | -€6,195 | -90.7% |
| Stocks | 30/36 | €6,829 | €635 | -€6,195 | -90.7% |
| Amounts receivable within one year | 40/41 | €49,794 | €39,117 | -€10,677 | -21.4% |
| Trade receivables | 40 | €32,267 | €25,937 | -€6,330 | -19.6% |
| Other amounts receivable | 41 | €17,527 | €13,180 | -€4,347 | -24.8% |
| Cash at bank and in hand | 54/58 | €6,238 | €2,384 | -€3,854 | -61.8% |
| Deferred charges and accrued income | 490/1 | €809 | - | -€809 | |
| Total equity and liabilities | 10/49 | €63,670 | €42,136 | -€21,535 | -33.8% |
| Equity | 10/15 | €29,276 | €33,806 | +€4,530 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,676 | €15,206 | +€4,530 | +42.4% |
| Amounts payable | 17/49 | €34,394 | €8,329 | -€26,065 | -75.8% |
| Amounts payable within one year | 42/48 | €34,394 | €8,329 | -€26,065 | -75.8% |
| Trade debts | 44 | €32,099 | €6,834 | -€25,265 | -78.7% |
| Suppliers | 440/4 | €32,099 | €6,834 | -€25,265 | -78.7% |
| Taxes, remuneration and social security | 45 | €2,296 | €1,495 | -€801 | -34.9% |
| Taxes | 450/3 | €2,097 | €1,495 | -€601 | -28.7% |
| Remuneration and social security | 454/9 | €199 | - | -€199 | |
| Remuneration, social security and pensions | 62 | €964 | €809 | -€155 | -16.1% |
| Other operating charges | 640/8 | €1,039 | €213 | -€825 | -79.5% |
| Gross operating margin | 9900 | €2,962 | €6,993 | +€4,031 | +136% |
| Operating profit (loss) | 9901 | €959 | €5,970 | +€5,012 | +523% |
| Financial income | 75/76B | €640 | €12 | -€628 | -98.2% |
| Recurring financial income | 75 | €640 | €12 | -€628 | -98.2% |
| Financial charges | 65/66B | €380 | €271 | -€109 | -28.7% |
| Recurring financial charges | 65 | €380 | €271 | -€109 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €1,218 | €5,711 | +€4,493 | +369% |
| Income taxes | 67/77 | €261 | €1,181 | +€920 | +353% |
| Profit (loss) for the period | 9904 | €957 | €4,530 | +€3,573 | +373% |
| Profit (loss) for the period to be appropriated | 9905 | €957 | €4,530 | +€3,573 | +373% |
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 29 October 2026 via checked.be.