FRATEUR IMMO: 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.
FRATEUR IMMO
Largest movements
- Receivables within one year +€280,894
up €280,894 (+31.2%), from €901,035 to €1.2m
of which Other amounts receivable: +€280,894
- Current investments -€123,720
down €123,720 (-11.5%), from €1.1m to €949,502
- Cash -€93,235
down €93,235 (-34.3%), from €271,946 to €178,711
mainly Receivables within one year (-€280,894) and Deferred charges and accrued income (-€20,577)
- Tangible fixed assets -€44,103
down €44,103 (-3.3%), from €1.3m to €1.3m
of which Land and buildings: -€44,103
- Reserves +€44,069
up €44,069 (+1.9%), from €2.3m to €2.3m
of which Distributable reserves: +€44,069
- Financial income +€58,033
up €58,033 (+172%), from €33,663 to €91,696
of which Financial income: +€41,193
- Gross operating margin -€27,514
down €27,514 (-69.3%), from €39,701 to €12,187
- Other operating charges +€12,144
up €12,144 (+338%), from €3,595 to €15,740
- Taxes -€1,375
down €1,375, from €1,157 to -€218
- Depreciation +€484
up €484 (+1.1%), from €43,619 to €44,103
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 | €3,607,331 | €3,647,744 | +€40,413 | +1.1% |
| Fixed assets | 21/28 | €1,335,573 | €1,291,470 | -€44,103 | -3.3% |
| Tangible fixed assets | 22/27 | €1,335,573 | €1,291,470 | -€44,103 | -3.3% |
| Land and buildings | 22 | €1,335,573 | €1,291,470 | -€44,103 | -3.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €2,271,758 | €2,356,274 | +€84,516 | +3.7% |
| Amounts receivable within one year | 40/41 | €901,035 | €1,181,929 | +€280,894 | +31.2% |
| Trade receivables | 40 | €6,177 | €6,177 | = | 0.0% |
| Other amounts receivable | 41 | €894,859 | €1,175,752 | +€280,894 | +31.4% |
| Current investments | 50/53 | €1,073,222 | €949,502 | -€123,720 | -11.5% |
| Cash at bank and in hand | 54/58 | €271,946 | €178,711 | -€93,235 | -34.3% |
| Deferred charges and accrued income | 490/1 | €25,555 | €46,133 | +€20,577 | +80.5% |
| Total equity and liabilities | 10/49 | €3,607,331 | €3,647,744 | +€40,413 | +1.1% |
| Equity | 10/15 | €3,600,856 | €3,644,925 | +€44,069 | +1.2% |
| Contributions | 10/11 | €1,338,168 | €1,338,168 | = | 0.0% |
| Capital | 10 | €1,338,168 | €1,338,168 | = | 0.0% |
| Issued capital | 100 | €1,338,168 | €1,338,168 | = | 0.0% |
| Reserves | 13 | €2,262,689 | €2,306,758 | +€44,069 | +1.9% |
| Non-distributable reserves | 130/1 | €213,317 | €213,317 | = | 0.0% |
| Legal reserve | 130 | €213,317 | €213,317 | = | 0.0% |
| Distributable reserves | 133 | €2,049,372 | €2,093,441 | +€44,069 | +2.2% |
| Amounts payable | 17/49 | €6,475 | €2,819 | -€3,656 | -56.5% |
| Amounts payable within one year | 42/48 | €6,475 | €2,819 | -€3,656 | -56.5% |
| Trade debts | 44 | €6,475 | €2,819 | -€3,656 | -56.5% |
| Suppliers | 440/4 | €6,475 | €2,819 | -€3,656 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,619 | €44,103 | +€484 | +1.1% |
| Other operating charges | 640/8 | €3,595 | €15,740 | +€12,144 | +338% |
| Gross operating margin | 9900 | €39,701 | €12,187 | -€27,514 | -69.3% |
| Operating profit (loss) | 9901 | -€7,513 | -€47,655 | -€40,142 | -534% |
| Financial income | 75/76B | €33,663 | €91,696 | +€58,033 | +172% |
| Recurring financial income | 75 | €33,663 | €74,856 | +€41,193 | +122% |
| Non-recurring financial income | 76B | - | €16,840 | +€16,840 | |
| Financial charges | 65/66B | €64 | €189 | +€125 | +195% |
| Recurring financial charges | 65 | €64 | €189 | +€125 | +195% |
| Profit (loss) for the period before taxes | 9903 | €26,085 | €43,851 | +€17,766 | +68.1% |
| Income taxes | 67/77 | €1,157 | -€218 | -€1,375 | |
| Profit (loss) for the period | 9904 | €24,928 | €44,069 | +€19,141 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,928 | €44,069 | +€19,141 | +76.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.