FRAVAN: 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.
FRAVAN
Largest movements
- Cash +€218,568
up €218,568 (+10992.7%), from €1,988 to €220,557
mainly Net result for the year (+€201,706) and Stocks and contracts (+€193,772)
- Stocks and contracts -€193,772
down €193,772 (-100.0%), from €193,772 to €0
- Receivables within one year +€138,625
up €138,625 (+50.8%), from €272,917 to €411,542
of which Other amounts receivable: +€137,857
- Tangible fixed assets -€45,008
down €45,008 (-67.6%), from €66,605 to €21,598
- Reserves +€200,853
up €200,853 (+66.8%), from €300,647 to €501,500
of which Distributable reserves: +€275,000
- Other debts -€41,702
down €41,702 (-100.0%), from €41,702 to €0
- Provisions -€38,180
down €38,180 (-100.0%), from €38,180 to €0
- Gross operating margin +€270,407
up €270,407 (+1123.4%), from €24,070 to €294,476
- Taxes +€53,125
up €53,125 (+70.5%), from €75,307 to €128,432
- Depreciation -€12,432
down €12,432 (-67.7%), from €18,372 to €5,940
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 | €660,517 | €778,753 | +€118,237 | +17.9% |
| Fixed assets | 21/28 | €191,605 | €146,598 | -€45,008 | -23.5% |
| Tangible fixed assets | 22/27 | €66,605 | €21,598 | -€45,008 | -67.6% |
| Land and buildings | 22 | €66,605 | €21,598 | -€45,008 | -67.6% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €468,911 | €632,156 | +€163,244 | +34.8% |
| Stocks and contracts in progress | 3 | €193,772 | €0 | -€193,772 | -100.0% |
| Stocks | 30/36 | €193,772 | €0 | -€193,772 | -100.0% |
| Amounts receivable within one year | 40/41 | €272,917 | €411,542 | +€138,625 | +50.8% |
| Trade receivables | 40 | €9,987 | €10,755 | +€769 | +7.7% |
| Other amounts receivable | 41 | €262,930 | €400,787 | +€137,857 | +52.4% |
| Cash at bank and in hand | 54/58 | €1,988 | €220,557 | +€218,568 | +10992.7% |
| Deferred charges and accrued income | 490/1 | €234 | €57 | -€177 | -75.6% |
| Total equity and liabilities | 10/49 | €660,517 | €778,753 | +€118,237 | +17.9% |
| Equity | 10/15 | €560,336 | €762,042 | +€201,706 | +36.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €300,647 | €501,500 | +€200,853 | +66.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,147 | €0 | -€74,147 | -100.0% |
| Distributable reserves | 133 | €219,000 | €494,000 | +€275,000 | +125.6% |
| Profit (loss) carried forward | 14 | €184,689 | €185,542 | +€853 | +0.5% |
| Provisions and deferred taxes | 16 | €38,180 | €0 | -€38,180 | -100.0% |
| Deferred taxes | 168 | €38,180 | €0 | -€38,180 | -100.0% |
| Amounts payable | 17/49 | €62,001 | €16,711 | -€45,289 | -73.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €61,740 | €16,711 | -€45,028 | -72.9% |
| Current portion of amounts payable after more than one year | 42 | €2,309 | €0 | -€2,309 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,388 | €1,287 | -€1,102 | -46.1% |
| Suppliers | 440/4 | €2,388 | €1,287 | -€1,102 | -46.1% |
| Taxes, remuneration and social security | 45 | €15,341 | €15,424 | +€84 | +0.5% |
| Taxes | 450/3 | €15,341 | €15,424 | +€84 | +0.5% |
| Other amounts payable | 47/48 | €41,702 | €0 | -€41,702 | -100.0% |
| Accrued charges and deferred income | 492/3 | €261 | €0 | -€261 | -100.0% |
| Non-recurring operating income | 76A | €0 | €298,660 | +€298,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,372 | €5,940 | -€12,432 | -67.7% |
| Other operating charges | 640/8 | €3,825 | €2,666 | -€1,159 | -30.3% |
| Non-recurring operating charges | 66A | €7,685 | €0 | -€7,685 | -100.0% |
| Gross operating margin | 9900 | €24,070 | €294,476 | +€270,407 | +1123.4% |
| Operating profit (loss) | 9901 | -€5,812 | €285,870 | +€291,682 | |
| Financial income | 75/76B | €5,348 | €6,259 | +€911 | +17.0% |
| Recurring financial income | 75 | €5,348 | €6,259 | +€911 | +17.0% |
| Financial charges | 65/66B | €346 | €171 | -€175 | -50.5% |
| Recurring financial charges | 65 | €346 | €171 | -€175 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€810 | €291,958 | +€292,768 | |
| Transfer from deferred taxes | 780 | €59,575 | €38,180 | -€21,395 | -35.9% |
| Income taxes | 67/77 | €75,307 | €128,432 | +€53,125 | +70.5% |
| Profit (loss) for the period | 9904 | -€16,542 | €201,706 | +€218,248 | |
| Transfer from tax-exempt reserves | 789 | €173,410 | €74,147 | -€99,263 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €156,868 | €275,853 | +€118,985 | +75.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.