FRK TRANSPORT: 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.
FRK TRANSPORT
Largest movements
- Tangible fixed assets +€820,001
up €820,001 (+502%), from €163,484 to €983,486
of which Leasing and similar rights: +€860,623
- Receivables within one year +€118,229
up €118,229 (+40.1%), from €295,122 to €413,351
of which Trade receivables: +€193,976
- Cash -€60,009
no longer reported in 2025 (was €60,009)
mainly Investment in fixed assets (net) (-€893,985) and Trade debts (-€172,327)
- Debts after one year +€524,945
up €524,945 (+628%), from €83,533 to €608,478
- Current portion of long-term debt +€265,708
up €265,708 (+1,041%), from €25,525 to €291,233
- Tax, wage and social debts +€205,592
up €205,592 (+181%), from €113,622 to €319,214
of which Taxes: +€187,301
- Trade debts -€172,327
down €172,327 (-89.5%), from €192,571 to €20,244
- Profit (loss) carried forward +€54,044
up €54,044 (+65.1%), from €83,023 to €137,067
- Gross operating margin +€342,333
up €342,333 (+90.1%), from €380,105 to €722,437
- Staff costs +€301,229
up €301,229 (+131%), from €229,910 to €531,139
- Depreciation +€40,815
up €40,815 (+123%), from €33,169 to €73,984
- Financial charges +€14,823
up €14,823 (+1,171%), from €1,266 to €16,089
- Taxes -€12,917
down €12,917 (-44.0%), from €29,361 to €16,444
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 | €531,875 | €1,409,836 | +€877,962 | +165% |
| Fixed assets | 21/28 | €176,484 | €996,486 | +€820,001 | +465% |
| Tangible fixed assets | 22/27 | €163,484 | €983,486 | +€820,001 | +502% |
| Plant, machinery and equipment | 23 | €422 | - | -€422 | |
| Furniture and vehicles | 24 | €163,063 | €122,863 | -€40,200 | -24.7% |
| Leasing and similar rights | 25 | - | €860,623 | +€860,623 | |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €355,390 | €413,351 | +€57,960 | +16.3% |
| Amounts receivable within one year | 40/41 | €295,122 | €413,351 | +€118,229 | +40.1% |
| Trade receivables | 40 | €184,877 | €378,853 | +€193,976 | +105% |
| Other amounts receivable | 41 | €110,245 | €34,497 | -€75,748 | -68.7% |
| Cash at bank and in hand | 54/58 | €60,009 | - | -€60,009 | |
| Deferred charges and accrued income | 490/1 | €260 | - | -€260 | |
| Total equity and liabilities | 10/49 | €531,875 | €1,409,836 | +€877,962 | +165% |
| Equity | 10/15 | €116,623 | €170,667 | +€54,044 | +46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,023 | €137,067 | +€54,044 | +65.1% |
| Amounts payable | 17/49 | €415,251 | €1,239,169 | +€823,918 | +198% |
| Amounts payable after more than one year | 17 | €83,533 | €608,478 | +€524,945 | +628% |
| Financial debts | 170/4 | €83,533 | €608,478 | +€524,945 | +628% |
| Amounts payable within one year | 42/48 | €331,718 | €630,691 | +€298,973 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €25,525 | €291,233 | +€265,708 | +1,041% |
| Trade debts | 44 | €192,571 | €20,244 | -€172,327 | -89.5% |
| Suppliers | 440/4 | €192,571 | €20,244 | -€172,327 | -89.5% |
| Taxes, remuneration and social security | 45 | €113,622 | €319,214 | +€205,592 | +181% |
| Taxes | 450/3 | €105,732 | €293,033 | +€187,301 | +177% |
| Remuneration and social security | 454/9 | €7,889 | €26,181 | +€18,292 | +232% |
| Remuneration, social security and pensions | 62 | €229,910 | €531,139 | +€301,229 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,169 | €73,984 | +€40,815 | +123% |
| Other operating charges | 640/8 | €25,722 | €30,738 | +€5,016 | +19.5% |
| Gross operating margin | 9900 | €380,105 | €722,437 | +€342,333 | +90.1% |
| Operating profit (loss) | 9901 | €91,304 | €86,577 | -€4,727 | -5.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -95.1% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -95.1% |
| Financial charges | 65/66B | €1,266 | €16,089 | +€14,823 | +1,171% |
| Recurring financial charges | 65 | €1,266 | €16,089 | +€14,823 | +1,171% |
| Profit (loss) for the period before taxes | 9903 | €90,042 | €70,488 | -€19,554 | -21.7% |
| Income taxes | 67/77 | €29,361 | €16,444 | -€12,917 | -44.0% |
| Profit (loss) for the period | 9904 | €60,681 | €54,044 | -€6,637 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,681 | €54,044 | -€6,637 | -10.9% |
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 20 October 2026 via checked.be.