Frobella: 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.
Frobella
Largest movements
- Cash +€1.6m
up €1.6m (+148.7%), from €1.1m to €2.7m
mainly Net result for the year (+€1.8m) and Stocks and contracts (+€822,803)
- Stocks and contracts -€822,803
down €822,803 (-48.0%), from €1.7m to €890,000
- Receivables within one year +€343,372
up €343,372 (+10.4%), from €3.3m to €3.6m
of which Trade receivables: +€417,543
- Tangible fixed assets -€76,373
down €76,373 (-23.0%), from €332,450 to €256,077
of which Furniture and vehicles: -€78,344
- Reserves +€1.7m
up €1.7m (+47.8%), from €3.6m to €5.3m
of which Distributable reserves: +€1.5m
- Tax, wage and social debts -€606,146
down €606,146 (-70.1%), from €864,392 to €258,246
of which Taxes: -€610,024
- Gross operating margin -€969,317
down €969,317 (-25.8%), from €3.8m to €2.8m
- Write-downs -€341,373
down €341,373 (-76.1%), from €448,394 to €107,021
- Taxes -€248,915
down €248,915 (-30.9%), from €805,080 to €556,165
- Staff costs +€39,991
up €39,991 (+16.9%), from €236,072 to €276,063
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 | €6,442,329 | €7,524,680 | +€1.1m | +16.8% |
| Fixed assets | 21/28 | €332,720 | €256,347 | -€76,373 | -23.0% |
| Tangible fixed assets | 22/27 | €332,450 | €256,077 | -€76,373 | -23.0% |
| Plant, machinery and equipment | 23 | €22,678 | €24,649 | +€1,971 | +8.7% |
| Furniture and vehicles | 24 | €309,772 | €231,428 | -€78,344 | -25.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €6,109,609 | €7,268,333 | +€1.2m | +19.0% |
| Stocks and contracts in progress | 3 | €1,712,803 | €890,000 | -€822,803 | -48.0% |
| Stocks | 30/36 | €1,712,803 | €890,000 | -€822,803 | -48.0% |
| Amounts receivable within one year | 40/41 | €3,287,069 | €3,630,441 | +€343,372 | +10.4% |
| Trade receivables | 40 | €3,141,382 | €3,558,925 | +€417,543 | +13.3% |
| Other amounts receivable | 41 | €145,687 | €71,516 | -€74,171 | -50.9% |
| Cash at bank and in hand | 54/58 | €1,099,576 | €2,734,563 | +€1.6m | +148.7% |
| Deferred charges and accrued income | 490/1 | €10,161 | €13,329 | +€3,168 | +31.2% |
| Total equity and liabilities | 10/49 | €6,442,329 | €7,524,680 | +€1.1m | +16.8% |
| Equity | 10/15 | €3,622,668 | €5,351,854 | +€1.7m | +47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,617,668 | €5,346,854 | +€1.7m | +47.8% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €3,617,668 | €5,136,354 | +€1.5m | +42.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,819,661 | €2,172,826 | -€646,835 | -22.9% |
| Amounts payable after more than one year | 17 | €66,983 | €7,539 | -€59,444 | -88.7% |
| Financial debts | 170/4 | €66,983 | €7,539 | -€59,444 | -88.7% |
| Amounts payable within one year | 42/48 | €2,752,679 | €2,157,288 | -€595,391 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €29,592 | €8,117 | -€21,475 | -72.6% |
| Trade debts | 44 | €59,168 | €38,059 | -€21,109 | -35.7% |
| Suppliers | 440/4 | €59,168 | €38,059 | -€21,109 | -35.7% |
| Taxes, remuneration and social security | 45 | €864,392 | €258,246 | -€606,146 | -70.1% |
| Taxes | 450/3 | €813,171 | €203,147 | -€610,024 | -75.0% |
| Remuneration and social security | 454/9 | €51,222 | €55,099 | +€3,877 | +7.6% |
| Other amounts payable | 47/48 | €1,799,526 | €1,852,865 | +€53,339 | +3.0% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €236,072 | €276,063 | +€39,991 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,757 | €86,789 | +€29,032 | +50.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €448,394 | €107,021 | -€341,373 | -76.1% |
| Other operating charges | 640/8 | €9,557 | €5,049 | -€4,508 | -47.2% |
| Gross operating margin | 9900 | €3,763,996 | €2,794,679 | -€969,317 | -25.8% |
| Operating profit (loss) | 9901 | €3,012,216 | €2,319,757 | -€692,460 | -23.0% |
| Financial income | 75/76B | €19 | €22,043 | +€22,024 | +117338.6% |
| Recurring financial income | 75 | €19 | €22,043 | +€22,024 | +117338.6% |
| Financial charges | 65/66B | €4,361 | €2,179 | -€2,182 | -50.0% |
| Recurring financial charges | 65 | €4,361 | €2,179 | -€2,182 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €3,007,874 | €2,339,621 | -€668,254 | -22.2% |
| Income taxes | 67/77 | €805,080 | €556,165 | -€248,915 | -30.9% |
| Profit (loss) for the period | 9904 | €2,202,795 | €1,783,456 | -€419,339 | -19.0% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,202,795 | €1,572,956 | -€629,839 | -28.6% |
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 7 October 2026 via checked.be.