FRAYA: 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.
FRAYA
Largest movements
- Receivables within one year +€11,314
up €11,314 (+7827.8%), from €145 to €11,458
of which Trade receivables: +€5,961
- Stocks and contracts +€5,707
up €5,707 (+4.0%), from €142,950 to €148,658
- Tangible fixed assets -€4,774
down €4,774 (-17.5%), from €27,236 to €22,462
of which Furniture and vehicles: -€2,567
- Trade debts -€13,246
down €13,246 (-31.4%), from €42,170 to €28,924
- Other debts +€12,741
up €12,741 (+3.4%), from €377,278 to €390,019
- Profit (loss) carried forward +€9,306
up €9,306 (+2.8%), from -€335,061 to -€325,755
- Tax, wage and social debts +€3,611
up €3,611 (+15.6%), from €23,115 to €26,726
of which Taxes: +€5,366
- Gross operating margin +€17,791
up €17,791 (+23.5%), from €75,565 to €93,356
- Staff costs +€10,488
up €10,488 (+17.8%), from €58,955 to €69,443
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 | €179,193 | €191,604 | +€12,411 | +6.9% |
| Fixed assets | 21/28 | €27,236 | €22,462 | -€4,774 | -17.5% |
| Tangible fixed assets | 22/27 | €27,236 | €22,462 | -€4,774 | -17.5% |
| Plant, machinery and equipment | 23 | €258 | €466 | +€209 | +81.0% |
| Furniture and vehicles | 24 | €14,121 | €11,554 | -€2,567 | -18.2% |
| Other tangible fixed assets | 26 | €12,858 | €10,442 | -€2,416 | -18.8% |
| Current assets | 29/58 | €151,956 | €169,141 | +€17,185 | +11.3% |
| Stocks and contracts in progress | 3 | €142,950 | €148,658 | +€5,707 | +4.0% |
| Stocks | 30/36 | €142,950 | €148,658 | +€5,707 | +4.0% |
| Amounts receivable within one year | 40/41 | €145 | €11,458 | +€11,314 | +7827.8% |
| Trade receivables | 40 | €145 | €6,105 | +€5,961 | +4124.1% |
| Other amounts receivable | 41 | - | €5,353 | +€5,353 | |
| Cash at bank and in hand | 54/58 | €8,079 | €8,193 | +€114 | +1.4% |
| Deferred charges and accrued income | 490/1 | €782 | €833 | +€50 | +6.4% |
| Total equity and liabilities | 10/49 | €179,193 | €191,604 | +€12,411 | +6.9% |
| Equity | 10/15 | -€313,370 | -€304,064 | +€9,306 | +3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,061 | -€325,755 | +€9,306 | +2.8% |
| Amounts payable | 17/49 | €492,563 | €495,668 | +€3,106 | +0.6% |
| Amounts payable within one year | 42/48 | €492,563 | €495,668 | +€3,106 | +0.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €42,170 | €28,924 | -€13,246 | -31.4% |
| Suppliers | 440/4 | €42,170 | €28,924 | -€13,246 | -31.4% |
| Taxes, remuneration and social security | 45 | €23,115 | €26,726 | +€3,611 | +15.6% |
| Taxes | 450/3 | €13,249 | €18,615 | +€5,366 | +40.5% |
| Remuneration and social security | 454/9 | €9,865 | €8,110 | -€1,755 | -17.8% |
| Other amounts payable | 47/48 | €377,278 | €390,019 | +€12,741 | +3.4% |
| Remuneration, social security and pensions | 62 | €58,955 | €69,443 | +€10,488 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,451 | €6,931 | +€480 | +7.4% |
| Other operating charges | 640/8 | €1,143 | €935 | -€209 | -18.3% |
| Gross operating margin | 9900 | €75,565 | €93,356 | +€17,791 | +23.5% |
| Operating profit (loss) | 9901 | €9,016 | €16,048 | +€7,032 | +78.0% |
| Financial income | 75/76B | €204 | €158 | -€46 | -22.4% |
| Recurring financial income | 75 | €204 | €158 | -€46 | -22.4% |
| Financial charges | 65/66B | €6,380 | €6,725 | +€345 | +5.4% |
| Recurring financial charges | 65 | €6,380 | €6,725 | +€345 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €2,840 | €9,482 | +€6,642 | +233.9% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €2,665 | €9,306 | +€6,640 | +249.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,665 | €9,306 | +€6,640 | +249.2% |
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 30 September 2026 via checked.be.