Fraxinus: what changed
Two financial 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
- Tangible fixed assets +€240,000
up €240,000 (+144%), from €166,215 to €406,215
- Receivables within one year -€88,675
down €88,675 (-96.8%), from €91,652 to €2,978
- Cash -€59,395
down €59,395 (-80.0%), from €74,241 to €14,846
mainly Investment in fixed assets (net) (-€240,000) and Contributions, distributions and other (-€36,000)
- Debts after one year +€80,000
new in 2025: €80,000
- Short-term financial debts +€30,000
new in 2025: €30,000
- Reserves -€14,257
down €14,257 (-5.8%), from €244,146 to €229,890
of which Distributable reserves: -€14,257
- Gross operating margin -€29,942
down €29,942 (-41.9%), from €71,440 to €41,497
- Taxes -€9,966
down €9,966 (-57.9%), from €17,214 to €7,248
- Financial income -€4,499
down €4,499 (-85.7%), from €5,251 to €752
- Financial charges +€1,042
up €1,042 (+3,421%), from €30 to €1,072
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.
Derived cash bridge
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 | €382,311 | €474,767 | +€92,456 | +24.2% |
| Fixed assets | 21/28 | €166,215 | €406,215 | +€240,000 | +144% |
| Tangible fixed assets | 22/27 | €166,215 | €406,215 | +€240,000 | +144% |
| Land and buildings | 22 | €166,215 | €406,215 | +€240,000 | +144% |
| Current assets | 29/58 | €216,096 | €68,552 | -€147,544 | -68.3% |
| Amounts receivable within one year | 40/41 | €91,652 | €2,978 | -€88,675 | -96.8% |
| Other amounts receivable | 41 | €91,652 | €2,978 | -€88,675 | -96.8% |
| Current investments | 50/53 | €50,202 | €50,728 | +€526 | +1.0% |
| Cash at bank and in hand | 54/58 | €74,241 | €14,846 | -€59,395 | -80.0% |
| Total equity and liabilities | 10/49 | €382,311 | €474,767 | +€92,456 | +24.2% |
| Equity | 10/15 | €368,146 | €353,890 | -€14,257 | -3.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €244,146 | €229,890 | -€14,257 | -5.8% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €231,746 | €217,490 | -€14,257 | -6.2% |
| Amounts payable | 17/49 | €14,164 | €120,878 | +€106,713 | +753% |
| Amounts payable after more than one year | 17 | - | €80,000 | +€80,000 | |
| Financial debts | 170/4 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €14,164 | €40,878 | +€26,713 | +189% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Other loans | 439 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,134 | - | -€3,134 | |
| Taxes | 450/3 | €3,134 | - | -€3,134 | |
| Other amounts payable | 47/48 | €11,000 | €10,848 | -€152 | -1.4% |
| Other operating charges | 640/8 | €12,205 | €12,187 | -€18 | -0.1% |
| Gross operating margin | 9900 | €71,440 | €41,497 | -€29,942 | -41.9% |
| Operating profit (loss) | 9901 | €59,235 | €29,311 | -€29,924 | -50.5% |
| Financial income | 75/76B | €5,251 | €752 | -€4,499 | -85.7% |
| Recurring financial income | 75 | €5,251 | €752 | -€4,499 | -85.7% |
| Financial charges | 65/66B | €30 | €1,072 | +€1,042 | +3,421% |
| Recurring financial charges | 65 | €30 | €1,072 | +€1,042 | +3,421% |
| Profit (loss) for the period before taxes | 9903 | €64,456 | €28,991 | -€35,465 | -55.0% |
| Income taxes | 67/77 | €17,214 | €7,248 | -€9,966 | -57.9% |
| Profit (loss) for the period | 9904 | €47,242 | €21,743 | -€25,499 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,242 | €21,743 | -€25,499 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.