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
- Current investments +€70,000
new in 2025: €70,000
- Cash -€40,123
down €40,123 (-75.1%), from €53,404 to €13,281
mainly Current investments (-€70,000) and Tax, wage and social debts (-€1,476)
- Receivables within one year -€13,649
down €13,649 (-68.9%), from €19,798 to €6,148
of which Other amounts receivable: -€9,942
- Tangible fixed assets -€4,537
down €4,537 (-12.5%), from €36,296 to €31,759
- Profit (loss) carried forward +€7,083
up €7,083 (+27.6%), from €25,638 to €32,721
- Other debts +€3,838
up €3,838 (+51.7%), from €7,430 to €11,268
- Trade debts +€2,246
up €2,246 (+33.2%), from €6,754 to €8,999
- Tax, wage and social debts -€1,476
down €1,476 (-100.0%), from €1,476 to €0
of which Taxes: -€1,476
- Staff costs +€2,148
up €2,148, from -€2,148 to €0
- Gross operating margin -€1,800
down €1,800 (-8.9%), from €20,192 to €18,391
- Taxes +€1,450
up €1,450 (+32.4%), from €4,476 to €5,926
- Other operating charges +€472
up €472 (+94.5%), from €499 to €971
- Financial income +€232
up €232, from €0 to €232
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 | €109,498 | €121,188 | +€11,690 | +10.7% |
| Fixed assets | 21/28 | €36,296 | €31,759 | -€4,537 | -12.5% |
| Tangible fixed assets | 22/27 | €36,296 | €31,759 | -€4,537 | -12.5% |
| Other tangible fixed assets | 26 | €36,296 | €31,759 | -€4,537 | -12.5% |
| Current assets | 29/58 | €73,202 | €89,429 | +€16,227 | +22.2% |
| Amounts receivable within one year | 40/41 | €19,798 | €6,148 | -€13,649 | -68.9% |
| Trade receivables | 40 | €6,922 | €3,214 | -€3,708 | -53.6% |
| Other amounts receivable | 41 | €12,876 | €2,935 | -€9,942 | -77.2% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €53,404 | €13,281 | -€40,123 | -75.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €109,498 | €121,188 | +€11,690 | +10.7% |
| Equity | 10/15 | €93,838 | €100,921 | +€7,083 | +7.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,638 | €32,721 | +€7,083 | +27.6% |
| Amounts payable | 17/49 | €15,660 | €20,267 | +€4,607 | +29.4% |
| Amounts payable within one year | 42/48 | €15,660 | €20,267 | +€4,607 | +29.4% |
| Trade debts | 44 | €6,754 | €8,999 | +€2,246 | +33.2% |
| Suppliers | 440/4 | €6,754 | €8,999 | +€2,246 | +33.2% |
| Taxes, remuneration and social security | 45 | €1,476 | €0 | -€1,476 | -100.0% |
| Taxes | 450/3 | €1,476 | €0 | -€1,476 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,430 | €11,268 | +€3,838 | +51.7% |
| Remuneration, social security and pensions | 62 | -€2,148 | €0 | +€2,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,537 | €4,537 | = | 0.0% |
| Other operating charges | 640/8 | €499 | €971 | +€472 | +94.5% |
| Gross operating margin | 9900 | €20,192 | €18,391 | -€1,800 | -8.9% |
| Operating profit (loss) | 9901 | €17,303 | €12,884 | -€4,420 | -25.5% |
| Financial income | 75/76B | €0 | €232 | +€232 | |
| Recurring financial income | 75 | €0 | €232 | +€232 | |
| Financial charges | 65/66B | €152 | €107 | -€44 | -29.4% |
| Recurring financial charges | 65 | €152 | €107 | -€44 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €17,152 | €13,009 | -€4,143 | -24.2% |
| Income taxes | 67/77 | €4,476 | €5,926 | +€1,450 | +32.4% |
| Profit (loss) for the period | 9904 | €12,675 | €7,083 | -€5,593 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,675 | €7,083 | -€5,593 | -44.1% |
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 3 October 2026 via checked.be.