FRCA HOLDING: 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.
FRCA HOLDING
Largest movements
- Current investments -€5.9m
down €5.9m (-30.7%), from €19.1m to €13.3m
- Cash +€5.5m
up €5.5m (+405%), from €1.4m to €6.9m
mainly Current investments (+€5.9m) and Net result for the year (+€453,520)
- Other debts -€647,979
down €647,979 (-78.3%), from €827,964 to €179,986
- Reserves +€304,398
up €304,398 (+33.3%), from €913,003 to €1.2m
- Financial charges -€443,456
down €443,456 (-84.3%), from €525,884 to €82,428
of which Financial charges: -€387,073
- Financial income -€230,618
down €230,618 (-21.0%), from €1.1m to €869,332
- Taxes +€87,312
up €87,312 (+62.9%), from €138,766 to €226,078
- Gross operating margin -€6,043
down €6,043 (-11.9%), from -€50,902 to -€56,946
- Staff costs +€608
up €608 (+2.6%), from €23,550 to €24,158
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 | €21,517,338 | €21,150,180 | -€367,159 | -1.7% |
| Fixed assets | 21/28 | €955,950 | €934,426 | -€21,524 | -2.3% |
| Tangible fixed assets | 22/27 | €955,587 | €934,063 | -€21,524 | -2.3% |
| Land and buildings | 22 | €906,453 | €906,453 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,892 | €9,892 | = | 0.0% |
| Furniture and vehicles | 24 | €39,243 | €17,718 | -€21,524 | -54.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €20,561,388 | €20,215,754 | -€345,634 | -1.7% |
| Amounts receivable within one year | 40/41 | €23,293 | €18,480 | -€4,813 | -20.7% |
| Trade receivables | 40 | €921 | €1,127 | +€206 | +22.3% |
| Other amounts receivable | 41 | €22,372 | €17,353 | -€5,019 | -22.4% |
| Current investments | 50/53 | €19,121,745 | €13,254,799 | -€5.9m | -30.7% |
| Cash at bank and in hand | 54/58 | €1,365,641 | €6,894,139 | +€5.5m | +405% |
| Deferred charges and accrued income | 490/1 | €50,709 | €48,336 | -€2,373 | -4.7% |
| Total equity and liabilities | 10/49 | €21,517,338 | €21,150,180 | -€367,159 | -1.7% |
| Equity | 10/15 | €20,657,403 | €20,961,800 | +€304,398 | +1.5% |
| Contributions | 10/11 | €19,744,400 | €19,744,400 | = | 0.0% |
| Reserves | 13 | €913,003 | €1,217,400 | +€304,398 | +33.3% |
| Distributable reserves | 133 | €913,003 | €1,217,400 | +€304,398 | +33.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €859,936 | €188,379 | -€671,557 | -78.1% |
| Amounts payable within one year | 42/48 | €859,936 | €188,379 | -€671,557 | -78.1% |
| Trade debts | 44 | €2,056 | €2,052 | -€4 | -0.2% |
| Suppliers | 440/4 | €2,056 | €2,052 | -€4 | -0.2% |
| Taxes, remuneration and social security | 45 | €29,916 | €6,342 | -€23,574 | -78.8% |
| Taxes | 450/3 | €25,568 | €2,308 | -€23,260 | -91.0% |
| Remuneration and social security | 454/9 | €4,348 | €4,034 | -€314 | -7.2% |
| Other amounts payable | 47/48 | €827,964 | €179,986 | -€647,979 | -78.3% |
| Remuneration, social security and pensions | 62 | €23,550 | €24,158 | +€608 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,677 | €21,524 | -€152 | -0.7% |
| Other operating charges | 640/8 | €4,524 | €4,678 | +€154 | +3.4% |
| Gross operating margin | 9900 | -€50,902 | -€56,946 | -€6,043 | -11.9% |
| Operating profit (loss) | 9901 | -€100,653 | -€107,306 | -€6,654 | -6.6% |
| Financial income | 75/76B | €1,099,950 | €869,332 | -€230,618 | -21.0% |
| Recurring financial income | 75 | €1,099,950 | €869,332 | -€230,618 | -21.0% |
| Financial charges | 65/66B | €525,884 | €82,428 | -€443,456 | -84.3% |
| Recurring financial charges | 65 | €443,562 | €56,489 | -€387,073 | -87.3% |
| Non-recurring financial charges | 66B | €82,322 | €25,939 | -€56,383 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €473,413 | €679,598 | +€206,185 | +43.6% |
| Income taxes | 67/77 | €138,766 | €226,078 | +€87,312 | +62.9% |
| Profit (loss) for the period | 9904 | €334,647 | €453,520 | +€118,873 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €334,647 | €453,520 | +€118,873 | +35.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.