FRAVIR: 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.
What changed
FRAVIR
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€649,768
2024 · €325,272+€324,495
Equity
€10.6m
2024 · €10.0m+€649,768
Cash
€76,691
2024 · €114,148-€37,457
Balance sheet total
€11.4m
2024 · €12.8m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-94.4%), from €1.4m to €78,756
of which Other amounts receivable: -€1.3m
Equity and liabilities
- Provisions -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Profit (loss) carried forward +€649,768
up €649,768 (+33.5%), from €1.9m to €2.6m
- Other debts -€489,585
down €489,585 (-55.1%), from €888,600 to €399,015
- Debts after one year -€217,816
down €217,816 (-76.1%), from €286,335 to €68,519
Income statement
- Other operating charges +€1.3m
up €1.3m (+117328.2%), from €1,122 to €1.3m
- Provisions -€1.3m
down €1.3m, from €13,133 to -€1.3m
- Financial income +€369,425
up €369,425 (+124.1%), from €297,600 to €667,025
- Staff costs +€18,508
up €18,508 (+12.4%), from €149,517 to €168,026
- Depreciation +€2,351
up €2,351 (+28.1%), from €8,376 to €10,727
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.
Result 2024
€325,272
Gross operating margin
+€2,302
Staff costs
-€18,508
Depreciation
-€2,351
Provisions
+€1.3m
Other operating charges
-€1.3m
Financial income
+€369,425
Financial charges
+€2,222
Taxes
+€42
Result 2025
€649,768
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.
From operations
+€204,249
Investment
-€27,000
Financing
-€214,705
Cash 2024
€114,148
From operations (derived)
+€204,249
Net result for the year
+€649,768
Depreciation
+€10,727
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€596
Provisions
-€1.3m
Trade debts
-€34,962
Tax, wage and social debts
+€7,775
Other debts
-€489,585
Investment (derived)
-€27,000
Investment in fixed assets (net)
-€27,000
Financing
-€214,705
Debts after one year
-€217,816
Current portion of long-term debt
+€3,111
Cash 2025
€76,691
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,757,157 | €11,401,147 | -€1.4m | -10.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,228,871 | €11,245,144 | +€16,273 | +0.1% |
| Tangible fixed assets | 22/27 | €45,258 | €34,531 | -€10,727 | -23.7% |
| Furniture and vehicles | 24 | €45,258 | €34,531 | -€10,727 | -23.7% |
| Financial fixed assets | 28 | €11,183,613 | €11,210,613 | +€27,000 | +0.2% |
| Current assets | 29/58 | €1,528,286 | €156,002 | -€1.4m | -89.8% |
| Amounts receivable within one year | 40/41 | €1,412,986 | €78,756 | -€1.3m | -94.4% |
| Trade receivables | 40 | €96,340 | €51,520 | -€44,820 | -46.5% |
| Other amounts receivable | 41 | €1,316,647 | €27,236 | -€1.3m | -97.9% |
| Cash at bank and in hand | 54/58 | €114,148 | €76,691 | -€37,457 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,152 | €556 | -€596 | -51.7% |
| Total equity and liabilities | 10/49 | €12,757,157 | €11,401,147 | -€1.4m | -10.6% |
| Equity | 10/15 | €9,985,491 | €10,635,258 | +€649,768 | +6.5% |
| Contributions | 10/11 | €7,964,000 | €7,964,000 | = | 0.0% |
| Reserves | 13 | €81,600 | €81,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81,600 | €81,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €81,600 | €81,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,939,891 | €2,589,658 | +€649,768 | +33.5% |
| Provisions and deferred taxes | 16 | €1,274,300 | €0 | -€1.3m | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,274,300 | €0 | -€1.3m | -100.0% |
| Environmental obligations | 163 | €1,274,300 | €0 | -€1.3m | -100.0% |
| Amounts payable | 17/49 | €1,497,366 | €765,889 | -€731,478 | -48.9% |
| Amounts payable after more than one year | 17 | €286,335 | €68,519 | -€217,816 | -76.1% |
| Financial debts | 170/4 | €286,335 | €68,519 | -€217,816 | -76.1% |
| Amounts payable within one year | 42/48 | €1,211,031 | €697,370 | -€513,661 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €214,705 | €217,816 | +€3,111 | +1.4% |
| Trade debts | 44 | €77,710 | €42,748 | -€34,962 | -45.0% |
| Suppliers | 440/4 | €77,710 | €42,748 | -€34,962 | -45.0% |
| Taxes, remuneration and social security | 45 | €30,016 | €37,791 | +€7,775 | +25.9% |
| Taxes | 450/3 | €2,979 | €12,951 | +€9,971 | +334.7% |
| Remuneration and social security | 454/9 | €27,037 | €24,840 | -€2,197 | -8.1% |
| Other amounts payable | 47/48 | €888,600 | €399,015 | -€489,585 | -55.1% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €149,517 | €168,026 | +€18,508 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,376 | €10,727 | +€2,351 | +28.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,133 | -€1,274,300 | -€1.3m | |
| Other operating charges | 640/8 | €1,122 | €1,317,192 | +€1.3m | +117328.2% |
| Gross operating margin | 9900 | €209,193 | €211,495 | +€2,302 | +1.1% |
| Operating profit (loss) | 9901 | €37,045 | -€10,150 | -€47,195 | |
| Financial income | 75/76B | €297,600 | €667,025 | +€369,425 | +124.1% |
| Recurring financial income | 75 | €297,600 | €667,025 | +€369,425 | +124.1% |
| Financial charges | 65/66B | €9,220 | €6,998 | -€2,222 | -24.1% |
| Recurring financial charges | 65 | €9,220 | €6,998 | -€2,222 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €325,426 | €649,878 | +€324,453 | +99.7% |
| Income taxes | 67/77 | €153 | €111 | -€42 | -27.6% |
| Profit (loss) for the period | 9904 | €325,272 | €649,768 | +€324,495 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €325,272 | €649,768 | +€324,495 | +99.8% |
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 3 October 2026 via checked.be.