FRATEUR: 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.
FRATEUR
Largest movements
- Receivables within one year +€24,047
up €24,047 (+207.1%), from €11,611 to €35,658
of which Trade receivables: +€12,280
- Tangible fixed assets -€11,273
down €11,273 (-12.1%), from €92,799 to €81,526
of which Plant, machinery and equipment: -€7,676
- Deferred charges and accrued income -€3,612
down €3,612 (-99.1%), from €3,643 to €31
- Cash -€2,018
down €2,018 (-62.5%), from €3,230 to €1,212
mainly Receivables within one year (-€24,047) and Short-term financial debts (-€18,950)
- Short-term financial debts -€18,950
down €18,950 (-99.7%), from €19,000 to €50
- Tax, wage and social debts +€11,512
up €11,512 (+137.2%), from €8,390 to €19,902
of which Taxes: +€13,240
- Trade debts +€11,111
up €11,111 (+227.6%), from €4,882 to €15,992
- Profit (loss) carried forward +€3,985
up €3,985, from -€1,897 to €2,088
- Gross operating margin +€24,172
up €24,172, from -€3,365 to €20,807
- Depreciation -€3,758
down €3,758 (-25.0%), from €15,031 to €11,273
- Financial charges +€1,309
up €1,309 (+203.8%), from €642 to €1,952
- Other operating charges +€499
up €499 (+18.1%), from €2,763 to €3,262
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 | €111,283 | €118,428 | +€7,144 | +6.4% |
| Fixed assets | 21/28 | €92,799 | €81,526 | -€11,273 | -12.1% |
| Tangible fixed assets | 22/27 | €92,799 | €81,526 | -€11,273 | -12.1% |
| Plant, machinery and equipment | 23 | €80,661 | €72,985 | -€7,676 | -9.5% |
| Furniture and vehicles | 24 | €12,138 | €8,541 | -€3,598 | -29.6% |
| Current assets | 29/58 | €18,484 | €36,902 | +€18,417 | +99.6% |
| Amounts receivable within one year | 40/41 | €11,611 | €35,658 | +€24,047 | +207.1% |
| Trade receivables | 40 | €11,611 | €23,891 | +€12,280 | +105.8% |
| Other amounts receivable | 41 | - | €11,767 | +€11,767 | |
| Cash at bank and in hand | 54/58 | €3,230 | €1,212 | -€2,018 | -62.5% |
| Deferred charges and accrued income | 490/1 | €3,643 | €31 | -€3,612 | -99.1% |
| Total equity and liabilities | 10/49 | €111,283 | €118,428 | +€7,144 | +6.4% |
| Equity | 10/15 | €12,363 | €16,348 | +€3,985 | +32.2% |
| 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 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€1,897 | €2,088 | +€3,985 | |
| Amounts payable | 17/49 | €98,921 | €102,080 | +€3,159 | +3.2% |
| Amounts payable within one year | 42/48 | €98,921 | €102,080 | +€3,159 | +3.2% |
| Financial debts | 43 | €19,000 | €50 | -€18,950 | -99.7% |
| Credit institutions | 430/8 | €19,000 | €50 | -€18,950 | -99.7% |
| Trade debts | 44 | €4,882 | €15,992 | +€11,111 | +227.6% |
| Suppliers | 440/4 | €4,882 | €15,992 | +€11,111 | +227.6% |
| Taxes, remuneration and social security | 45 | €8,390 | €19,902 | +€11,512 | +137.2% |
| Taxes | 450/3 | €611 | €13,851 | +€13,240 | +2167.8% |
| Remuneration and social security | 454/9 | €7,779 | €6,050 | -€1,728 | -22.2% |
| Other amounts payable | 47/48 | €66,649 | €66,136 | -€514 | -0.8% |
| Remuneration, social security and pensions | 62 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,031 | €11,273 | -€3,758 | -25.0% |
| Other operating charges | 640/8 | €2,763 | €3,262 | +€499 | +18.1% |
| Gross operating margin | 9900 | -€3,365 | €20,807 | +€24,172 | |
| Operating profit (loss) | 9901 | -€21,159 | €6,128 | +€27,287 | |
| Financial income | 75/76B | €77 | €9 | -€68 | -87.7% |
| Recurring financial income | 75 | €77 | €9 | -€68 | -87.7% |
| Financial charges | 65/66B | €642 | €1,952 | +€1,309 | +203.8% |
| Recurring financial charges | 65 | €642 | €1,952 | +€1,309 | +203.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,724 | €4,185 | +€25,910 | |
| Income taxes | 67/77 | €141 | €200 | +€59 | +41.6% |
| Profit (loss) for the period | 9904 | -€21,866 | €3,985 | +€25,851 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,866 | €3,985 | +€25,851 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.