FRATO: 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.
FRATO
Largest movements
- Tangible fixed assets -€37,855
down €37,855 (-97.6%), from €38,787 to €933
- Receivables within one year +€19,900
up €19,900 (+305.4%), from €6,515 to €26,415
of which Other amounts receivable: +€10,220
- Financial fixed assets +€12,500
up €12,500 (+166.7%), from €7,500 to €20,000
- Cash +€4,214
up €4,214 (+43.8%), from €9,620 to €13,833
mainly Net result for the year (+€29,152) and Investment in fixed assets (net) (+€24,562)
- Deferred charges and accrued income +€2,462
up €2,462 (+138.4%), from €1,779 to €4,240
- Other debts -€30,000
down €30,000 (-98.7%), from €30,385 to €385
- Tax, wage and social debts +€20,476
up €20,476 (+343.7%), from €5,957 to €26,433
of which Remuneration and social security: +€10,369
- Profit (loss) carried forward +€9,152
up €9,152 (+41.3%), from €22,168 to €31,319
- Trade debts +€1,470
new in 2025: €1,470
- Gross operating margin +€8,224
up €8,224 (+22.0%), from €37,331 to €45,555
- Depreciation -€7,648
down €7,648 (-90.6%), from €8,440 to €793
- Taxes +€2,865
up €2,865 (+48.1%), from €5,957 to €8,822
- Staff costs +€1,658
new in 2025: €1,658
- Other operating charges +€1,138
up €1,138 (+239.3%), from €475 to €1,613
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 | €64,201 | €65,421 | +€1,220 | +1.9% |
| Fixed assets | 21/28 | €46,287 | €20,933 | -€25,355 | -54.8% |
| Tangible fixed assets | 22/27 | €38,787 | €933 | -€37,855 | -97.6% |
| Furniture and vehicles | 24 | €38,787 | €933 | -€37,855 | -97.6% |
| Financial fixed assets | 28 | €7,500 | €20,000 | +€12,500 | +166.7% |
| Current assets | 29/58 | €17,913 | €44,489 | +€26,575 | +148.4% |
| Amounts receivable within one year | 40/41 | €6,515 | €26,415 | +€19,900 | +305.4% |
| Trade receivables | 40 | €4,235 | €13,915 | +€9,680 | +228.6% |
| Other amounts receivable | 41 | €2,280 | €12,500 | +€10,220 | +448.2% |
| Cash at bank and in hand | 54/58 | €9,620 | €13,833 | +€4,214 | +43.8% |
| Deferred charges and accrued income | 490/1 | €1,779 | €4,240 | +€2,462 | +138.4% |
| Total equity and liabilities | 10/49 | €64,201 | €65,421 | +€1,220 | +1.9% |
| Equity | 10/15 | €27,168 | €36,319 | +€9,152 | +33.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,168 | €31,319 | +€9,152 | +41.3% |
| Amounts payable | 17/49 | €37,033 | €29,102 | -€7,931 | -21.4% |
| Amounts payable within one year | 42/48 | €36,342 | €28,288 | -€8,054 | -22.2% |
| Trade debts | 44 | - | €1,470 | +€1,470 | |
| Suppliers | 440/4 | - | €1,470 | +€1,470 | |
| Taxes, remuneration and social security | 45 | €5,957 | €26,433 | +€20,476 | +343.7% |
| Taxes | 450/3 | €5,957 | €16,064 | +€10,107 | +169.7% |
| Remuneration and social security | 454/9 | - | €10,369 | +€10,369 | |
| Other amounts payable | 47/48 | €30,385 | €385 | -€30,000 | -98.7% |
| Accrued charges and deferred income | 492/3 | €691 | €814 | +€123 | +17.8% |
| Non-recurring operating income | 76A | - | €24,000 | +€24,000 | |
| Remuneration, social security and pensions | 62 | - | €1,658 | +€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,440 | €793 | -€7,648 | -90.6% |
| Other operating charges | 640/8 | €475 | €1,613 | +€1,138 | +239.3% |
| Non-recurring operating charges | 66A | - | €3,025 | +€3,025 | |
| Gross operating margin | 9900 | €37,331 | €45,555 | +€8,224 | +22.0% |
| Operating profit (loss) | 9901 | €28,415 | €38,465 | +€10,050 | +35.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €290 | €496 | +€206 | +71.1% |
| Recurring financial charges | 65 | €290 | €496 | +€206 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €28,125 | €37,973 | +€9,849 | +35.0% |
| Income taxes | 67/77 | €5,957 | €8,822 | +€2,865 | +48.1% |
| Profit (loss) for the period | 9904 | €22,168 | €29,152 | +€6,984 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,168 | €29,152 | +€6,984 | +31.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.