FRAVAMO: 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.
FRAVAMO
Largest movements
- Cash +€45,704
up €45,704 (+87.2%), from €52,431 to €98,135
mainly Net result for the year (+€30,446) and Current investments (+€24,206)
- Current investments -€24,206
down €24,206 (-30.1%), from €80,443 to €56,237
- Receivables within one year -€9,720
down €9,720 (-63.0%), from €15,434 to €5,714
of which Other amounts receivable: -€4,891
- Reserves +€30,446
up €30,446 (+41.8%), from €72,808 to €103,254
of which Distributable reserves: +€30,446
- Tax, wage and social debts -€13,615
down €13,615 (-41.8%), from €32,604 to €18,989
of which Taxes: -€13,615
- Other debts -€5,121
down €5,121 (-96.1%), from €5,330 to €209
- Purchases and services -€77,936
no longer reported in 2025 (was €77,936)
- Gross operating margin -€12,420
down €12,420 (-21.3%), from €58,194 to €45,774
- Taxes -€5,888
down €5,888 (-29.5%), from €19,962 to €14,075
- Financial income +€1,889
up €1,889, from €0 to €1,889
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 | €151,191 | €163,308 | +€12,117 | +8.0% |
| Fixed assets | 21/28 | €1,490 | €1,843 | +€353 | +23.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,490 | €1,843 | +€353 | +23.7% |
| Plant, machinery and equipment | 23 | €1,490 | - | -€1,490 | |
| Furniture and vehicles | 24 | - | €1,843 | +€1,843 | |
| Current assets | 29/58 | €149,701 | €161,465 | +€11,764 | +7.9% |
| Amounts receivable within one year | 40/41 | €15,434 | €5,714 | -€9,720 | -63.0% |
| Trade receivables | 40 | €7,434 | €2,605 | -€4,829 | -65.0% |
| Other amounts receivable | 41 | €8,000 | €3,109 | -€4,891 | -61.1% |
| Current investments | 50/53 | €80,443 | €56,237 | -€24,206 | -30.1% |
| Cash at bank and in hand | 54/58 | €52,431 | €98,135 | +€45,704 | +87.2% |
| Deferred charges and accrued income | 490/1 | €1,393 | €1,379 | -€14 | -1.0% |
| Total equity and liabilities | 10/49 | €151,191 | €163,308 | +€12,117 | +8.0% |
| Equity | 10/15 | €110,596 | €141,042 | +€30,446 | +27.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €72,808 | €103,254 | +€30,446 | +41.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,808 | €103,254 | +€30,446 | +41.8% |
| Profit (loss) carried forward | 14 | €19,196 | €19,196 | -€0 | 0.0% |
| Amounts payable | 17/49 | €40,595 | €22,266 | -€18,330 | -45.2% |
| Amounts payable within one year | 42/48 | €40,152 | €22,266 | -€17,886 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,219 | €3,068 | +€849 | +38.3% |
| Suppliers | 440/4 | €2,219 | €3,068 | +€849 | +38.3% |
| Taxes, remuneration and social security | 45 | €32,604 | €18,989 | -€13,615 | -41.8% |
| Taxes | 450/3 | €32,604 | €18,989 | -€13,615 | -41.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,330 | €209 | -€5,121 | -96.1% |
| Accrued charges and deferred income | 492/3 | €443 | - | -€443 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,936 | - | -€77,936 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €612 | +€346 | +130.4% |
| Other operating charges | 640/8 | €528 | €549 | +€22 | +4.1% |
| Gross operating margin | 9900 | €58,194 | €45,774 | -€12,420 | -21.3% |
| Operating profit (loss) | 9901 | €57,401 | €44,613 | -€12,787 | -22.3% |
| Financial income | 75/76B | €0 | €1,889 | +€1,889 | |
| Recurring financial income | 75 | €0 | €1,889 | +€1,889 | |
| Financial charges | 65/66B | €2,051 | €1,981 | -€70 | -3.4% |
| Recurring financial charges | 65 | €2,051 | €1,981 | -€70 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €55,349 | €44,521 | -€10,828 | -19.6% |
| Income taxes | 67/77 | €19,962 | €14,075 | -€5,888 | -29.5% |
| Profit (loss) for the period | 9904 | €35,387 | €30,446 | -€4,941 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,387 | €30,446 | -€4,941 | -14.0% |
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 10 October 2026 via checked.be.