FRAVON: 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.
FRAVON
Largest movements
- Cash +€110,308
up €110,308 (+71.3%), from €154,723 to €265,030
mainly Debts after one year (+€2.4m) and Depreciation (+€294,191)
- Tangible fixed assets -€101,228
down €101,228 (-2.1%), from €4.9m to €4.8m
of which Land and buildings: -€97,599
- Other debts -€2.4m
down €2.4m (-98.4%), from €2.4m to €39,809
- Debts after one year +€2.4m
new in 2025: €2.4m
- Trade debts +€53,188
up €53,188 (+726.0%), from €7,326 to €60,515
- Gross operating margin -€25,544
down €25,544 (-6.7%), from €381,257 to €355,713
- Depreciation +€4,005
up €4,005 (+1.4%), from €290,186 to €294,191
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 | €5,034,030 | €5,040,768 | +€6,738 | +0.1% |
| Fixed assets | 21/28 | €4,856,219 | €4,754,992 | -€101,228 | -2.1% |
| Tangible fixed assets | 22/27 | €4,856,219 | €4,754,992 | -€101,228 | -2.1% |
| Land and buildings | 22 | €4,846,657 | €4,749,057 | -€97,599 | -2.0% |
| Plant, machinery and equipment | 23 | €9,563 | €5,934 | -€3,629 | -37.9% |
| Current assets | 29/58 | €177,810 | €285,776 | +€107,966 | +60.7% |
| Amounts receivable within one year | 40/41 | €780 | €2,392 | +€1,612 | +206.7% |
| Trade receivables | 40 | €780 | €2,392 | +€1,612 | +206.7% |
| Cash at bank and in hand | 54/58 | €154,723 | €265,030 | +€110,308 | +71.3% |
| Deferred charges and accrued income | 490/1 | €22,308 | €18,354 | -€3,954 | -17.7% |
| Total equity and liabilities | 10/49 | €5,034,030 | €5,040,768 | +€6,738 | +0.1% |
| Equity | 10/15 | €2,579,549 | €2,562,792 | -€16,757 | -0.6% |
| Contributions | 10/11 | €4,176,000 | €4,176,000 | = | 0.0% |
| Capital | 10 | €4,176,000 | €4,176,000 | = | 0.0% |
| Issued capital | 100 | €4,176,000 | €4,176,000 | = | 0.0% |
| Reserves | 13 | €11,840 | €11,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €83 | €83 | = | 0.0% |
| Legal reserve | 130 | €83 | €83 | = | 0.0% |
| Distributable reserves | 133 | €11,757 | €11,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,608,291 | -€1,625,048 | -€16,757 | -1.0% |
| Amounts payable | 17/49 | €2,454,481 | €2,477,976 | +€23,495 | +1.0% |
| Amounts payable after more than one year | 17 | - | €2,360,790 | +€2.4m | |
| Other amounts payable | 178/9 | - | €2,360,790 | +€2.4m | |
| Amounts payable within one year | 42/48 | €2,442,746 | €100,324 | -€2.3m | -95.9% |
| Trade debts | 44 | €7,326 | €60,515 | +€53,188 | +726.0% |
| Suppliers | 440/4 | €7,326 | €60,515 | +€53,188 | +726.0% |
| Other amounts payable | 47/48 | €2,435,419 | €39,809 | -€2.4m | -98.4% |
| Accrued charges and deferred income | 492/3 | €11,735 | €16,862 | +€5,127 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,186 | €294,191 | +€4,005 | +1.4% |
| Other operating charges | 640/8 | €78,066 | €78,176 | +€110 | +0.1% |
| Gross operating margin | 9900 | €381,257 | €355,713 | -€25,544 | -6.7% |
| Operating profit (loss) | 9901 | €13,005 | -€16,654 | -€29,659 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.8% |
| Financial charges | 65/66B | €56 | €103 | +€48 | +86.3% |
| Recurring financial charges | 65 | €56 | €103 | +€48 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €12,950 | -€16,757 | -€29,707 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €12,950 | -€16,757 | -€29,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,950 | -€16,757 | -€29,707 |
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.