FRAXINUS: 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.
FRAXINUS
Largest movements
- Receivables within one year +€21,261
up €21,261 (+22.3%), from €95,258 to €116,518
- Stocks and contracts -€16,000
no longer reported in 2025 (was €16,000)
- Tangible fixed assets +€9,269
up €9,269 (+5.9%), from €158,315 to €167,584
of which Furniture and vehicles: +€17,889
- Debts after one year +€39,243
up €39,243 (+44.5%), from €88,225 to €127,469
of which Other amounts payable: +€49,750
- Profit (loss) carried forward -€11,769
down €11,769 (-48.9%), from €24,068 to €12,299
- Trade debts -€8,193
down €8,193 (-47.7%), from €17,185 to €8,992
- Current portion of long-term debt -€8,107
down €8,107 (-43.6%), from €18,613 to €10,506
- Other debts +€8,037
up €8,037 (+19.2%), from €41,925 to €49,962
- Staff costs +€1,307
up €1,307 (+4.4%), from €29,738 to €31,045
- Gross operating margin +€1,094
up €1,094 (+2.8%), from €39,098 to €40,192
- Depreciation +€1,071
up €1,071 (+7.5%), from €14,334 to €15,405
- Financial charges -€516
down €516 (-15.7%), from €3,289 to €2,773
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 | €279,021 | €292,851 | +€13,830 | +5.0% |
| Fixed assets | 21/28 | €158,315 | €167,584 | +€9,269 | +5.9% |
| Tangible fixed assets | 22/27 | €158,315 | €167,584 | +€9,269 | +5.9% |
| Land and buildings | 22 | €158,315 | €149,696 | -€8,620 | -5.4% |
| Furniture and vehicles | 24 | €0 | €17,889 | +€17,889 | +178885900.0% |
| Current assets | 29/58 | €120,706 | €125,267 | +€4,561 | +3.8% |
| Stocks and contracts in progress | 3 | €16,000 | - | -€16,000 | |
| Stocks | 30/36 | €16,000 | - | -€16,000 | |
| Amounts receivable within one year | 40/41 | €95,258 | €116,518 | +€21,261 | +22.3% |
| Trade receivables | 40 | €95,258 | €116,518 | +€21,261 | +22.3% |
| Cash at bank and in hand | 54/58 | €8,510 | €6,642 | -€1,867 | -21.9% |
| Deferred charges and accrued income | 490/1 | €939 | €2,106 | +€1,168 | +124.4% |
| Total equity and liabilities | 10/49 | €279,021 | €292,851 | +€13,830 | +5.0% |
| Equity | 10/15 | €66,847 | €55,078 | -€11,769 | -17.6% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €26,666 | €26,666 | = | 0.0% |
| Distributable reserves | 133 | €26,666 | €26,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,068 | €12,299 | -€11,769 | -48.9% |
| Amounts payable | 17/49 | €212,174 | €237,773 | +€25,599 | +12.1% |
| Amounts payable after more than one year | 17 | €88,225 | €127,469 | +€39,243 | +44.5% |
| Financial debts | 170/4 | €13,465 | €2,959 | -€10,506 | -78.0% |
| Other amounts payable | 178/9 | €74,760 | €124,510 | +€49,750 | +66.5% |
| Amounts payable within one year | 42/48 | €123,949 | €110,305 | -€13,644 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €18,613 | €10,506 | -€8,107 | -43.6% |
| Financial debts | 43 | €11,348 | €11,410 | +€62 | +0.5% |
| Credit institutions | 430/8 | €11,348 | €11,410 | +€62 | +0.5% |
| Trade debts | 44 | €17,185 | €8,992 | -€8,193 | -47.7% |
| Suppliers | 440/4 | €17,185 | €8,992 | -€8,193 | -47.7% |
| Taxes, remuneration and social security | 45 | €34,878 | €29,434 | -€5,444 | -15.6% |
| Taxes | 450/3 | €7,445 | €11,306 | +€3,861 | +51.9% |
| Remuneration and social security | 454/9 | €27,433 | €18,128 | -€9,305 | -33.9% |
| Other amounts payable | 47/48 | €41,925 | €49,962 | +€8,037 | +19.2% |
| Remuneration, social security and pensions | 62 | €29,738 | €31,045 | +€1,307 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,334 | €15,405 | +€1,071 | +7.5% |
| Other operating charges | 640/8 | €2,629 | €2,556 | -€73 | -2.8% |
| Gross operating margin | 9900 | €39,098 | €40,192 | +€1,094 | +2.8% |
| Operating profit (loss) | 9901 | -€7,603 | -€8,815 | -€1,212 | -15.9% |
| Financial income | 75/76B | €22 | €4 | -€18 | -82.8% |
| Recurring financial income | 75 | €22 | €4 | -€18 | -82.8% |
| Financial charges | 65/66B | €3,289 | €2,773 | -€516 | -15.7% |
| Recurring financial charges | 65 | €3,289 | €2,773 | -€516 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,870 | -€11,584 | -€714 | -6.6% |
| Income taxes | 67/77 | €204 | €185 | -€19 | -9.3% |
| Profit (loss) for the period | 9904 | -€11,074 | -€11,769 | -€695 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,074 | -€11,769 | -€695 | -6.3% |
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 1 October 2026 via checked.be.