Frava: 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.
Frava
Largest movements
- Tangible fixed assets -€45,631
down €45,631 (-14.2%), from €320,589 to €274,958
of which Land and buildings: -€45,252
- Cash -€36,164
down €36,164 (-20.3%), from €178,069 to €141,905
mainly Other debts (-€134,648) and Tax, wage and social debts (-€2,327)
- Deferred charges and accrued income -€5,931
down €5,931 (-51.6%), from €11,501 to €5,571
- Other debts -€134,648
no longer reported in 2025 (was €134,648)
- Reserves +€48,329
up €48,329 (+29.2%), from €165,725 to €214,054
of which Distributable reserves: +€42,474
- Financial income -€3,103
no longer reported in 2025 (was €3,103)
- Financial charges -€1,522
down €1,522 (-97.1%), from €1,567 to €45
- Depreciation -€1,297
down €1,297 (-2.8%), from €46,928 to €45,631
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 | €510,160 | €422,610 | -€87,550 | -17.2% |
| Fixed assets | 21/28 | €320,589 | €274,958 | -€45,631 | -14.2% |
| Tangible fixed assets | 22/27 | €320,589 | €274,958 | -€45,631 | -14.2% |
| Land and buildings | 22 | €319,678 | €274,425 | -€45,252 | -14.2% |
| Plant, machinery and equipment | 23 | €912 | €533 | -€379 | -41.5% |
| Current assets | 29/58 | €189,570 | €147,651 | -€41,919 | -22.1% |
| Amounts receivable within one year | 40/41 | - | €176 | +€176 | |
| Other amounts receivable | 41 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €178,069 | €141,905 | -€36,164 | -20.3% |
| Deferred charges and accrued income | 490/1 | €11,501 | €5,571 | -€5,931 | -51.6% |
| Total equity and liabilities | 10/49 | €510,160 | €422,610 | -€87,550 | -17.2% |
| Equity | 10/15 | €370,386 | €418,715 | +€48,329 | +13.0% |
| Contributions | 10/11 | €204,661 | €204,661 | = | 0.0% |
| Capital | 10 | €204,661 | €204,661 | = | 0.0% |
| Issued capital | 100 | €204,661 | €204,661 | = | 0.0% |
| Reserves | 13 | €165,725 | €214,054 | +€48,329 | +29.2% |
| Non-distributable reserves | 130/1 | €20,466 | €26,321 | +€5,855 | +28.6% |
| Legal reserve | 130 | €20,466 | €26,321 | +€5,855 | +28.6% |
| Distributable reserves | 133 | €145,259 | €187,733 | +€42,474 | +29.2% |
| Amounts payable | 17/49 | €139,773 | €3,895 | -€135,878 | -97.2% |
| Amounts payable within one year | 42/48 | €137,427 | €3,808 | -€133,619 | -97.2% |
| Trade debts | 44 | €452 | €3,808 | +€3,356 | +742% |
| Suppliers | 440/4 | €452 | €3,808 | +€3,356 | +742% |
| Taxes, remuneration and social security | 45 | €2,327 | - | -€2,327 | |
| Taxes | 450/3 | €2,327 | - | -€2,327 | |
| Other amounts payable | 47/48 | €134,648 | - | -€134,648 | |
| Accrued charges and deferred income | 492/3 | €2,346 | €87 | -€2,259 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,928 | €45,631 | -€1,297 | -2.8% |
| Other operating charges | 640/8 | €6,156 | €6,017 | -€139 | -2.3% |
| Gross operating margin | 9900 | €122,974 | €121,846 | -€1,128 | -0.9% |
| Operating profit (loss) | 9901 | €69,891 | €70,198 | +€307 | +0.4% |
| Financial income | 75/76B | €3,103 | - | -€3,103 | |
| Recurring financial income | 75 | €3,103 | - | -€3,103 | |
| Financial charges | 65/66B | €1,567 | €45 | -€1,522 | -97.1% |
| Recurring financial charges | 65 | €1,567 | €45 | -€1,522 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €71,427 | €70,153 | -€1,274 | -1.8% |
| Income taxes | 67/77 | €22,792 | €21,824 | -€968 | -4.2% |
| Profit (loss) for the period | 9904 | €48,634 | €48,329 | -€306 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,634 | €48,329 | -€306 | -0.6% |
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 19 October 2026 via checked.be.