FRAVANAS: 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.
FRAVANAS
Largest movements
- Tangible fixed assets -€46,879
down €46,879 (-8.5%), from €550,212 to €503,333
- Cash +€17,854
up €17,854 (+536.8%), from €3,326 to €21,180
mainly Depreciation (+€50,744) and Accrued charges and deferred income (+€14,540)
- Profit (loss) carried forward -€37,513
down €37,513 (-16.7%), from -€224,233 to -€261,747
- Accrued charges and deferred income +€14,540
up €14,540 (+565.5%), from €2,571 to €17,111
- Investment grants -€6,300
down €6,300 (-25.0%), from €25,200 to €18,900
- Gross operating margin -€11,309
down €11,309 (-31.4%), from €35,998 to €24,689
- Financial charges +€6,362
up €6,362 (+58.6%), from €10,852 to €17,214
- Financial income +€6,300
up €6,300, from €0 to €6,300
- Other operating charges -€2,478
down €2,478 (-82.0%), from €3,022 to €544
- Depreciation +€459
up €459 (+0.9%), from €50,286 to €50,744
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 | €554,387 | €524,513 | -€29,874 | -5.4% |
| Fixed assets | 21/28 | €550,212 | €503,333 | -€46,879 | -8.5% |
| Tangible fixed assets | 22/27 | €550,212 | €503,333 | -€46,879 | -8.5% |
| Land and buildings | 22 | €550,212 | €503,333 | -€46,879 | -8.5% |
| Current assets | 29/58 | €4,175 | €21,180 | +€17,005 | +407.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,326 | €21,180 | +€17,854 | +536.8% |
| Deferred charges and accrued income | 490/1 | €849 | - | -€849 | |
| Total equity and liabilities | 10/49 | €554,387 | €524,513 | -€29,874 | -5.4% |
| Equity | 10/15 | -€49,033 | -€92,847 | -€43,813 | -89.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,233 | -€261,747 | -€37,513 | -16.7% |
| Investment grants | 15 | €25,200 | €18,900 | -€6,300 | -25.0% |
| Amounts payable | 17/49 | €603,420 | €617,360 | +€13,940 | +2.3% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €849 | €249 | -€600 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €849 | €249 | -€600 | -70.7% |
| Suppliers | 440/4 | €849 | €249 | -€600 | -70.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,571 | €17,111 | +€14,540 | +565.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,286 | €50,744 | +€459 | +0.9% |
| Other operating charges | 640/8 | €3,022 | €544 | -€2,478 | -82.0% |
| Gross operating margin | 9900 | €35,998 | €24,689 | -€11,309 | -31.4% |
| Operating profit (loss) | 9901 | -€17,310 | -€26,599 | -€9,289 | -53.7% |
| Financial income | 75/76B | €0 | €6,300 | +€6,300 | |
| Recurring financial income | 75 | €0 | €6,300 | +€6,300 | |
| Financial charges | 65/66B | €10,852 | €17,214 | +€6,362 | +58.6% |
| Recurring financial charges | 65 | €10,852 | €17,214 | +€6,362 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,162 | -€37,513 | -€9,351 | -33.2% |
| Income taxes | 67/77 | -€5 | - | +€5 | |
| Profit (loss) for the period | 9904 | -€28,158 | -€37,513 | -€9,356 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,158 | -€37,513 | -€9,356 | -33.2% |
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 12 October 2026 via checked.be.