FRog Projects: 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.
FRog Projects
Largest movements
- Receivables within one year +€9,426
up €9,426 (+92.2%), from €10,226 to €19,652
of which Trade receivables: +€17,300
- Tangible fixed assets -€6,073
down €6,073 (-47.5%), from €12,796 to €6,723
of which Plant, machinery and equipment: -€6,444
- Stocks and contracts -€3,525
no longer reported in 2025 (was €3,525)
- Deferred charges and accrued income +€778
up €778 (+237.1%), from €328 to €1,106
- Financial fixed assets -€618
no longer reported in 2025 (was €618)
- Debts after one year -€10,000
down €10,000 (-48.8%), from €20,494 to €10,494
- Profit (loss) carried forward +€5,326
up €5,326 (+278.1%), from €1,915 to €7,242
- Trade debts +€2,986
up €2,986 (+86.8%), from €3,441 to €6,427
- Tax, wage and social debts +€1,295
up €1,295 (+160.6%), from €806 to €2,101
- Gross operating margin +€9,937
up €9,937 (+248.8%), from €3,995 to €13,931
- Depreciation -€2,694
down €2,694 (-57.8%), from €4,659 to €1,966
- Write-downs -€1,204
no longer reported in 2025 (was €1,204)
- Taxes +€400
new in 2025: €400
- Other operating charges -€182
down €182 (-26.3%), from €692 to €511
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 | €29,157 | €28,763 | -€393 | -1.3% |
| Fixed assets | 21/28 | €13,414 | €6,723 | -€6,691 | -49.9% |
| Tangible fixed assets | 22/27 | €12,796 | €6,723 | -€6,073 | -47.5% |
| Plant, machinery and equipment | 23 | €11,293 | €4,849 | -€6,444 | -57.1% |
| Furniture and vehicles | 24 | €1,503 | €1,874 | +€371 | +24.7% |
| Financial fixed assets | 28 | €618 | - | -€618 | |
| Current assets | 29/58 | €15,743 | €22,041 | +€6,298 | +40.0% |
| Stocks and contracts in progress | 3 | €3,525 | - | -€3,525 | |
| Stocks | 30/36 | €3,525 | - | -€3,525 | |
| Amounts receivable within one year | 40/41 | €10,226 | €19,652 | +€9,426 | +92.2% |
| Trade receivables | 40 | €418 | €17,718 | +€17,300 | +4138.0% |
| Other amounts receivable | 41 | €9,808 | €1,934 | -€7,874 | -80.3% |
| Cash at bank and in hand | 54/58 | €1,664 | €1,283 | -€381 | -22.9% |
| Deferred charges and accrued income | 490/1 | €328 | €1,106 | +€778 | +237.1% |
| Total equity and liabilities | 10/49 | €29,157 | €28,763 | -€393 | -1.3% |
| Equity | 10/15 | €4,415 | €9,742 | +€5,326 | +120.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,915 | €7,242 | +€5,326 | +278.1% |
| Amounts payable | 17/49 | €24,741 | €19,022 | -€5,720 | -23.1% |
| Amounts payable after more than one year | 17 | €20,494 | €10,494 | -€10,000 | -48.8% |
| Financial debts | 170/4 | €20,494 | €10,494 | -€10,000 | -48.8% |
| Amounts payable within one year | 42/48 | €4,248 | €8,528 | +€4,280 | +100.8% |
| Trade debts | 44 | €3,441 | €6,427 | +€2,986 | +86.8% |
| Suppliers | 440/4 | €3,441 | €6,427 | +€2,986 | +86.8% |
| Taxes, remuneration and social security | 45 | €806 | €2,101 | +€1,295 | +160.6% |
| Taxes | 450/3 | €806 | €2,101 | +€1,295 | +160.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,659 | €1,966 | -€2,694 | -57.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,204 | - | -€1,204 | |
| Other operating charges | 640/8 | €692 | €511 | -€182 | -26.3% |
| Non-recurring operating charges | 66A | - | €5,543 | +€5,543 | |
| Gross operating margin | 9900 | €3,995 | €13,931 | +€9,937 | +248.8% |
| Operating profit (loss) | 9901 | -€2,561 | €5,912 | +€8,473 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €178 | €185 | +€7 | +4.1% |
| Recurring financial charges | 65 | €178 | €185 | +€7 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,738 | €5,726 | +€8,465 | |
| Income taxes | 67/77 | - | €400 | +€400 | |
| Profit (loss) for the period | 9904 | -€2,738 | €5,326 | +€8,065 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,738 | €5,326 | +€8,065 |
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 1 October 2026 via checked.be.