FRAVANA: 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.
FRAVANA
Largest movements
- Current investments +€164,534
up €164,534 (+28.2%), from €583,358 to €747,891
- Deferred charges and accrued income -€88,694
down €88,694 (-20.0%), from €443,450 to €354,756
- Cash +€58,821
up €58,821 (+6.3%), from €935,352 to €994,173
mainly Other debts (+€190,429) and Net result for the year (+€186,010)
- Other debts +€190,429
up €190,429 (+24.2%), from €787,644 to €978,073
- Reserves -€78,981
down €78,981 (-9.2%), from €860,974 to €781,993
- Gross operating margin +€65,655
up €65,655 (+19.6%), from €334,297 to €399,951
- Financial charges +€45,349
up €45,349 (+52.2%), from €86,934 to €132,283
- Taxes +€15,491
up €15,491 (+20.5%), from €75,577 to €91,068
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 | €1,993,785 | €2,109,581 | +€115,797 | +5.8% |
| Fixed assets | 21/28 | €10,945 | €12,761 | +€1,816 | +16.6% |
| Tangible fixed assets | 22/27 | €10,945 | €12,761 | +€1,816 | +16.6% |
| Plant, machinery and equipment | 23 | €5,246 | €5,063 | -€183 | -3.5% |
| Furniture and vehicles | 24 | €228 | €574 | +€347 | +152% |
| Other tangible fixed assets | 26 | €5,471 | €7,124 | +€1,653 | +30.2% |
| Current assets | 29/58 | €1,982,840 | €2,096,820 | +€113,980 | +5.7% |
| Amounts receivable within one year | 40/41 | €20,680 | - | -€20,680 | |
| Other amounts receivable | 41 | €20,680 | - | -€20,680 | |
| Current investments | 50/53 | €583,358 | €747,891 | +€164,534 | +28.2% |
| Cash at bank and in hand | 54/58 | €935,352 | €994,173 | +€58,821 | +6.3% |
| Deferred charges and accrued income | 490/1 | €443,450 | €354,756 | -€88,694 | -20.0% |
| Total equity and liabilities | 10/49 | €1,993,785 | €2,109,581 | +€115,797 | +5.8% |
| Equity | 10/15 | €1,175,748 | €1,096,767 | -€78,981 | -6.7% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €860,974 | €781,993 | -€78,981 | -9.2% |
| Distributable reserves | 133 | €860,974 | €781,993 | -€78,981 | -9.2% |
| Profit (loss) carried forward | 14 | €246,175 | €246,175 | = | 0.0% |
| Amounts payable | 17/49 | €818,036 | €1,012,814 | +€194,778 | +23.8% |
| Amounts payable within one year | 42/48 | €818,036 | €1,012,814 | +€194,778 | +23.8% |
| Trade debts | 44 | €20,544 | €11,826 | -€8,718 | -42.4% |
| Suppliers | 440/4 | €20,544 | €11,826 | -€8,718 | -42.4% |
| Taxes, remuneration and social security | 45 | €9,848 | €22,915 | +€13,067 | +133% |
| Taxes | 450/3 | €9,848 | €22,915 | +€13,067 | +133% |
| Other amounts payable | 47/48 | €787,644 | €978,073 | +€190,429 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €2,925 | +€999 | +51.8% |
| Other operating charges | 640/8 | €322 | €287 | -€35 | -10.9% |
| Gross operating margin | 9900 | €334,297 | €399,951 | +€65,655 | +19.6% |
| Operating profit (loss) | 9901 | €332,049 | €396,740 | +€64,691 | +19.5% |
| Financial income | 75/76B | €10,858 | €12,621 | +€1,763 | +16.2% |
| Recurring financial income | 75 | €10,858 | €12,621 | +€1,763 | +16.2% |
| Financial charges | 65/66B | €86,934 | €132,283 | +€45,349 | +52.2% |
| Recurring financial charges | 65 | €86,934 | €132,283 | +€45,349 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €255,972 | €277,078 | +€21,106 | +8.2% |
| Income taxes | 67/77 | €75,577 | €91,068 | +€15,491 | +20.5% |
| Profit (loss) for the period | 9904 | €180,395 | €186,010 | +€5,615 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €180,395 | €186,010 | +€5,615 | +3.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.