FRAVI: 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.
FRAVI
Largest movements
- Current investments -€92,581
down €92,581 (-34.0%), from €272,304 to €179,723
- Tangible fixed assets +€64,051
up €64,051 (+141.6%), from €45,240 to €109,291
of which Furniture and vehicles: +€70,688
- Stocks and contracts -€13,713
down €13,713 (-5.3%), from €259,869 to €246,156
- Other debts -€17,813
down €17,813 (-18.5%), from €96,335 to €78,522
- Reserves -€14,875
down €14,875 (-3.9%), from €383,319 to €368,444
- Trade debts -€11,851
down €11,851 (-21.2%), from €55,999 to €44,148
- Debts after one year +€9,657
up €9,657 (+8.4%), from €115,227 to €124,884
- Gross operating margin -€12,881
down €12,881 (-4.3%), from €297,143 to €284,263
- Depreciation +€9,967
up €9,967 (+112.1%), from €8,889 to €18,856
- Other operating charges +€6,217
up €6,217 (+123.2%), from €5,045 to €11,263
- Taxes -€4,226
down €4,226 (-90.6%), from €4,666 to €440
- Financial charges -€3,876
down €3,876 (-20.5%), from €18,934 to €15,058
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 | €763,575 | €725,778 | -€37,797 | -5.0% |
| Fixed assets | 21/28 | €45,637 | €109,688 | +€64,051 | +140.3% |
| Tangible fixed assets | 22/27 | €45,240 | €109,291 | +€64,051 | +141.6% |
| Plant, machinery and equipment | 23 | €9,410 | €6,143 | -€3,266 | -34.7% |
| Furniture and vehicles | 24 | - | €70,688 | +€70,688 | |
| Other tangible fixed assets | 26 | €35,830 | €32,460 | -€3,371 | -9.4% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €717,939 | €616,090 | -€101,848 | -14.2% |
| Stocks and contracts in progress | 3 | €259,869 | €246,156 | -€13,713 | -5.3% |
| Stocks | 30/36 | €259,869 | €246,156 | -€13,713 | -5.3% |
| Amounts receivable within one year | 40/41 | €74,420 | €75,091 | +€672 | +0.9% |
| Trade receivables | 40 | €58,566 | €42,934 | -€15,632 | -26.7% |
| Other amounts receivable | 41 | €15,854 | €32,158 | +€16,304 | +102.8% |
| Current investments | 50/53 | €272,304 | €179,723 | -€92,581 | -34.0% |
| Cash at bank and in hand | 54/58 | €103,039 | €109,137 | +€6,098 | +5.9% |
| Deferred charges and accrued income | 490/1 | €8,307 | €5,982 | -€2,324 | -28.0% |
| Total equity and liabilities | 10/49 | €763,575 | €725,778 | -€37,797 | -5.0% |
| Equity | 10/15 | €439,095 | €424,220 | -€14,875 | -3.4% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €383,319 | €368,444 | -€14,875 | -3.9% |
| Distributable reserves | 133 | €383,319 | €368,444 | -€14,875 | -3.9% |
| Amounts payable | 17/49 | €324,480 | €301,558 | -€22,922 | -7.1% |
| Amounts payable after more than one year | 17 | €115,227 | €124,884 | +€9,657 | +8.4% |
| Trade debts | 175 | €115,227 | €124,884 | +€9,657 | +8.4% |
| Amounts payable within one year | 42/48 | €209,253 | €176,674 | -€32,578 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €1,622 | - | -€1,622 | |
| Trade debts | 44 | €55,999 | €44,148 | -€11,851 | -21.2% |
| Suppliers | 440/4 | €55,999 | €44,148 | -€11,851 | -21.2% |
| Taxes, remuneration and social security | 45 | €55,297 | €54,005 | -€1,293 | -2.3% |
| Taxes | 450/3 | €5,630 | €1,812 | -€3,818 | -67.8% |
| Remuneration and social security | 454/9 | €49,667 | €52,193 | +€2,525 | +5.1% |
| Other amounts payable | 47/48 | €96,335 | €78,522 | -€17,813 | -18.5% |
| Remuneration, social security and pensions | 62 | €255,545 | €256,997 | +€1,452 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,889 | €18,856 | +€9,967 | +112.1% |
| Other operating charges | 640/8 | €5,045 | €11,263 | +€6,217 | +123.2% |
| Gross operating margin | 9900 | €297,143 | €284,263 | -€12,881 | -4.3% |
| Operating profit (loss) | 9901 | €27,664 | -€2,853 | -€30,517 | |
| Financial income | 75/76B | €701 | €3,475 | +€2,774 | +395.6% |
| Recurring financial income | 75 | €701 | €3,475 | +€2,774 | +395.6% |
| Financial charges | 65/66B | €18,934 | €15,058 | -€3,876 | -20.5% |
| Recurring financial charges | 65 | €18,934 | €15,058 | -€3,876 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €9,431 | -€14,435 | -€23,867 | |
| Income taxes | 67/77 | €4,666 | €440 | -€4,226 | -90.6% |
| Profit (loss) for the period | 9904 | €4,765 | -€14,875 | -€19,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,765 | -€14,875 | -€19,640 |
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 5 October 2026 via checked.be.