FRAVACO: 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.
FRAVACO
Largest movements
- Tangible fixed assets -€13,562
down €13,562 (-46.4%), from €29,233 to €15,671
of which Furniture and vehicles: -€12,019
- Reserves -€14,170
down €14,170 (-6.6%), from €215,848 to €201,678
of which Distributable reserves: -€14,170
- Tax, wage and social debts +€4,488
up €4,488 (+85.1%), from €5,277 to €9,765
of which Remuneration and social security: +€2,785
- Gross operating margin -€20,517
down €20,517 (-37.9%), from €54,091 to €33,574
- Taxes -€5,067
down €5,067 (-43.1%), from €11,755 to €6,688
- Financial income +€693
up €693 (+79.4%), from €873 to €1,566
- Depreciation +€641
up €641 (+5.0%), from €12,921 to €13,562
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 | €229,040 | €219,099 | -€9,941 | -4.3% |
| Fixed assets | 21/28 | €29,233 | €15,671 | -€13,562 | -46.4% |
| Tangible fixed assets | 22/27 | €29,233 | €15,671 | -€13,562 | -46.4% |
| Furniture and vehicles | 24 | €19,416 | €7,397 | -€12,019 | -61.9% |
| Other tangible fixed assets | 26 | €9,817 | €8,274 | -€1,543 | -15.7% |
| Current assets | 29/58 | €199,808 | €203,429 | +€3,621 | +1.8% |
| Amounts receivable within one year | 40/41 | €21,652 | €23,708 | +€2,056 | +9.5% |
| Trade receivables | 40 | €15,334 | €11,500 | -€3,834 | -25.0% |
| Other amounts receivable | 41 | €6,318 | €12,208 | +€5,890 | +93.2% |
| Cash at bank and in hand | 54/58 | €177,489 | €179,056 | +€1,567 | +0.9% |
| Deferred charges and accrued income | 490/1 | €667 | €665 | -€2 | -0.3% |
| Total equity and liabilities | 10/49 | €229,040 | €219,099 | -€9,941 | -4.3% |
| Equity | 10/15 | €221,519 | €207,349 | -€14,170 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,848 | €201,678 | -€14,170 | -6.6% |
| Non-distributable reserves | 130/1 | €5,657 | €5,657 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,657 | €5,657 | = | 0.0% |
| Distributable reserves | 133 | €210,191 | €196,021 | -€14,170 | -6.7% |
| Profit (loss) carried forward | 14 | -€12,929 | -€12,929 | = | 0.0% |
| Amounts payable | 17/49 | €7,521 | €11,750 | +€4,229 | +56.2% |
| Amounts payable within one year | 42/48 | €7,521 | €11,718 | +€4,196 | +55.8% |
| Trade debts | 44 | €1,345 | €1,953 | +€608 | +45.2% |
| Suppliers | 440/4 | €1,345 | €1,953 | +€608 | +45.2% |
| Taxes, remuneration and social security | 45 | €5,277 | €9,765 | +€4,488 | +85.1% |
| Taxes | 450/3 | €5,277 | €6,980 | +€1,703 | +32.3% |
| Remuneration and social security | 454/9 | - | €2,785 | +€2,785 | |
| Other amounts payable | 47/48 | €900 | €0 | -€900 | -100% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,921 | €13,562 | +€641 | +5.0% |
| Other operating charges | 640/8 | €967 | €1,183 | +€216 | +22.4% |
| Gross operating margin | 9900 | €54,091 | €33,574 | -€20,517 | -37.9% |
| Operating profit (loss) | 9901 | €40,203 | €18,829 | -€21,374 | -53.2% |
| Financial income | 75/76B | €873 | €1,566 | +€693 | +79.4% |
| Recurring financial income | 75 | €873 | €1,566 | +€693 | +79.4% |
| Financial charges | 65/66B | €62 | €85 | +€24 | +38.9% |
| Recurring financial charges | 65 | €62 | €85 | +€24 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €41,015 | €20,310 | -€20,705 | -50.5% |
| Income taxes | 67/77 | €11,755 | €6,688 | -€5,067 | -43.1% |
| Profit (loss) for the period | 9904 | €29,259 | €13,622 | -€15,638 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,259 | €13,622 | -€15,638 | -53.4% |
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 29 October 2026 via checked.be.