FRAVANCO: 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.
FRAVANCO
Largest movements
- Tangible fixed assets -€77,558
down €77,558 (-14.4%), from €539,900 to €462,342
of which Land and buildings: -€39,465
- Stocks and contracts -€17,229
down €17,229 (-9.9%), from €173,417 to €156,188
- Receivables within one year +€9,368
up €9,368 (+12.3%), from €76,450 to €85,818
of which Trade receivables: +€7,287
- Debts after one year -€58,895
down €58,895 (-24.3%), from €241,974 to €183,079
- Current portion of long-term debt -€54,648
down €54,648 (-37.7%), from €144,935 to €90,287
- Other debts +€52,913
up €52,913 (+328.1%), from €16,126 to €69,039
- Reserves -€17,589
down €17,589 (-6.3%), from €277,506 to €259,917
of which Distributable reserves: -€17,589
- Gross operating margin +€29,041
up €29,041 (+15.8%), from €183,538 to €212,579
- Financial income -€18,353
down €18,353 (-83.9%), from €21,880 to €3,527
of which Non-recurring financial income: -€20,350
- Financial charges +€14,397
up €14,397 (+40.9%), from €35,243 to €49,640
- Depreciation +€7,652
up €7,652 (+10.9%), from €69,906 to €77,558
- Other operating charges -€3,508
down €3,508 (-27.6%), from €12,713 to €9,205
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 | €853,297 | €775,252 | -€78,045 | -9.1% |
| Fixed assets | 21/28 | €589,951 | €512,892 | -€77,059 | -13.1% |
| Tangible fixed assets | 22/27 | €539,900 | €462,342 | -€77,558 | -14.4% |
| Land and buildings | 22 | €336,002 | €296,537 | -€39,465 | -11.7% |
| Plant, machinery and equipment | 23 | €169,048 | €134,965 | -€34,083 | -20.2% |
| Furniture and vehicles | 24 | €25,164 | €21,823 | -€3,341 | -13.3% |
| Other tangible fixed assets | 26 | €9,686 | €9,017 | -€669 | -6.9% |
| Financial fixed assets | 28 | €50,051 | €50,551 | +€500 | +1.0% |
| Current assets | 29/58 | €263,346 | €262,360 | -€986 | -0.4% |
| Stocks and contracts in progress | 3 | €173,417 | €156,188 | -€17,229 | -9.9% |
| Stocks | 30/36 | €173,417 | €156,188 | -€17,229 | -9.9% |
| Amounts receivable within one year | 40/41 | €76,450 | €85,818 | +€9,368 | +12.3% |
| Trade receivables | 40 | €13,832 | €21,119 | +€7,287 | +52.7% |
| Other amounts receivable | 41 | €62,618 | €64,699 | +€2,081 | +3.3% |
| Cash at bank and in hand | 54/58 | €13,213 | €20,077 | +€6,864 | +52.0% |
| Deferred charges and accrued income | 490/1 | €266 | €276 | +€10 | +3.9% |
| Total equity and liabilities | 10/49 | €853,297 | €775,252 | -€78,045 | -9.1% |
| Equity | 10/15 | €297,506 | €279,917 | -€17,589 | -5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €277,506 | €259,917 | -€17,589 | -6.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €275,506 | €257,917 | -€17,589 | -6.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €555,791 | €495,335 | -€60,456 | -10.9% |
| Amounts payable after more than one year | 17 | €241,974 | €183,079 | -€58,895 | -24.3% |
| Financial debts | 170/4 | €241,974 | €183,079 | -€58,895 | -24.3% |
| Amounts payable within one year | 42/48 | €310,297 | €310,991 | +€694 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €144,935 | €90,287 | -€54,648 | -37.7% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €48,734 | €48,088 | -€646 | -1.3% |
| Suppliers | 440/4 | €48,734 | €48,088 | -€646 | -1.3% |
| Advances received on contracts in progress | 46 | €8,629 | €8,021 | -€608 | -7.0% |
| Taxes, remuneration and social security | 45 | €16,873 | €20,556 | +€3,683 | +21.8% |
| Taxes | 450/3 | €16,873 | €20,556 | +€3,683 | +21.8% |
| Other amounts payable | 47/48 | €16,126 | €69,039 | +€52,913 | +328.1% |
| Accrued charges and deferred income | 492/3 | €3,520 | €1,266 | -€2,254 | -64.0% |
| Non-recurring operating income | 76A | - | €37,014 | +€37,014 | |
| Remuneration, social security and pensions | 62 | €3,690 | €221 | -€3,469 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,906 | €77,558 | +€7,652 | +10.9% |
| Other operating charges | 640/8 | €12,713 | €9,205 | -€3,508 | -27.6% |
| Gross operating margin | 9900 | €183,538 | €212,579 | +€29,041 | +15.8% |
| Operating profit (loss) | 9901 | €97,229 | €125,595 | +€28,366 | +29.2% |
| Financial income | 75/76B | €21,880 | €3,527 | -€18,353 | -83.9% |
| Recurring financial income | 75 | €1,530 | €3,527 | +€1,997 | +130.5% |
| Non-recurring financial income | 76B | €20,350 | €0 | -€20,350 | -100.0% |
| Financial charges | 65/66B | €35,243 | €49,640 | +€14,397 | +40.9% |
| Recurring financial charges | 65 | €35,243 | €49,640 | +€14,397 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €83,866 | €79,481 | -€4,385 | -5.2% |
| Income taxes | 67/77 | €20,370 | €23,479 | +€3,109 | +15.3% |
| Profit (loss) for the period | 9904 | €63,496 | €56,002 | -€7,494 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,496 | €56,002 | -€7,494 | -11.8% |
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 8 October 2026 via checked.be.