Frolight: 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.
What changed
Frolight
NACE 27.900, Manufacture of electrical equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€223,947
2024 · -€570,924+€346,977
Equity
€800,334
2024 · €1.0m-€223,947
Cash
€215,067
2024 · €322,411-€107,344
Balance sheet total
€1.5m
2024 · €1.8m-€332,058
Largest movements
Assets
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Stocks and contracts +€112,672
up €112,672 (+17.9%), from €629,539 to €742,211
- Cash -€107,344
down €107,344 (-33.3%), from €322,411 to €215,067
mainly Net result for the year (-€223,947) and Investment in fixed assets (net) (-€119,049)
- Intangible fixed assets +€83,655
up €83,655 (+38.8%), from €215,553 to €299,208
Equity and liabilities
- Profit (loss) carried forward -€223,947
down €223,947 (-25.2%), from -€889,644 to -€1.1m
- Debts after one year -€107,442
down €107,442 (-24.0%), from €448,136 to €340,694
- Advances received -€93,869
down €93,869 (-71.0%), from €132,137 to €38,267
- Trade debts +€55,396
up €55,396 (+61.4%), from €90,266 to €145,662
Income statement
- Gross operating margin +€427,369
up €427,369 (+99.4%), from -€430,008 to -€2,639
- Staff costs +€34,943
up €34,943 (+32.7%), from €106,961 to €141,904
- Provisions +€29,321
up €29,321, from -€18,365 to €10,956
- Depreciation +€16,384
up €16,384 (+44.3%), from €36,967 to €53,351
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.
Result 2024
-€570,924
Gross operating margin
+€427,369
Staff costs
-€34,943
Depreciation
-€16,384
Provisions
-€29,321
Other operating charges
-€3,215
Other operating items
-€423
Financial income
+€1,044
Financial charges
+€3,589
Taxes
-€738
Result 2025
-€223,947
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.
From operations
-€289,153
Investment
+€280,951
Financing
-€99,142
Cash 2024
€322,411
From operations (derived)
-€289,153
Net result for the year
-€223,947
Depreciation
+€53,351
Stocks and contracts
-€112,672
Receivables within one year
+€9,591
Deferred charges and accrued income
-€6,506
Provisions
+€10,956
Trade debts
+€55,396
Tax, wage and social debts
+€14,772
Advances received
-€93,869
Other debts
+€59
Accrued charges and deferred income
+€3,716
Investment (derived)
+€280,951
Investment in fixed assets (net)
-€119,049
Current investments
+€400,000
Financing
-€99,142
Debts after one year
-€107,442
Current portion of long-term debt
+€1,461
Short-term financial debts
+€6,839
Cash 2025
€215,067
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,835,564 | €1,503,505 | -€332,058 | -18.1% |
| Fixed assets | 21/28 | €273,264 | €338,962 | +€65,698 | +24.0% |
| Intangible fixed assets | 21 | €215,553 | €299,208 | +€83,655 | +38.8% |
| Tangible fixed assets | 22/27 | €57,711 | €39,755 | -€17,957 | -31.1% |
| Plant, machinery and equipment | 23 | €43,406 | €28,372 | -€15,034 | -34.6% |
| Furniture and vehicles | 24 | €14,305 | €11,383 | -€2,923 | -20.4% |
| Current assets | 29/58 | €1,562,299 | €1,164,543 | -€397,757 | -25.5% |
| Stocks and contracts in progress | 3 | €629,539 | €742,211 | +€112,672 | +17.9% |
| Stocks | 30/36 | €629,539 | €742,211 | +€112,672 | +17.9% |
| Amounts receivable within one year | 40/41 | €195,846 | €186,255 | -€9,591 | -4.9% |
| Trade receivables | 40 | €164,412 | €132,967 | -€31,444 | -19.1% |
| Other amounts receivable | 41 | €31,434 | €53,287 | +€21,853 | +69.5% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €322,411 | €215,067 | -€107,344 | -33.3% |
| Deferred charges and accrued income | 490/1 | €14,504 | €21,010 | +€6,506 | +44.9% |
| Total equity and liabilities | 10/49 | €1,835,564 | €1,503,505 | -€332,058 | -18.1% |
| Equity | 10/15 | €1,024,281 | €800,334 | -€223,947 | -21.9% |
| Contributions | 10/11 | €1,913,925 | €1,913,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€889,644 | -€1,113,591 | -€223,947 | -25.2% |
| Provisions and deferred taxes | 16 | €12,408 | €23,364 | +€10,956 | +88.3% |
| Provisions for liabilities and charges | 160/5 | €12,408 | €23,364 | +€10,956 | +88.3% |
| Other liabilities and charges | 164/5 | €12,408 | €23,364 | +€10,956 | +88.3% |
| Amounts payable | 17/49 | €798,874 | €679,807 | -€119,067 | -14.9% |
| Amounts payable after more than one year | 17 | €448,136 | €340,694 | -€107,442 | -24.0% |
| Financial debts | 170/4 | €448,136 | €340,694 | -€107,442 | -24.0% |
| Amounts payable within one year | 42/48 | €350,738 | €335,396 | -€15,342 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €105,981 | €107,442 | +€1,461 | +1.4% |
| Financial debts | 43 | €4,555 | €11,395 | +€6,839 | +150.1% |
| Credit institutions | 430/8 | €4,555 | €11,395 | +€6,839 | +150.1% |
| Trade debts | 44 | €90,266 | €145,662 | +€55,396 | +61.4% |
| Suppliers | 440/4 | €90,266 | €145,662 | +€55,396 | +61.4% |
| Advances received on contracts in progress | 46 | €132,137 | €38,267 | -€93,869 | -71.0% |
| Taxes, remuneration and social security | 45 | €14,737 | €29,509 | +€14,772 | +100.2% |
| Taxes | 450/3 | €3,310 | €6,945 | +€3,635 | +109.8% |
| Remuneration and social security | 454/9 | €11,427 | €22,564 | +€11,137 | +97.5% |
| Other amounts payable | 47/48 | €3,062 | €3,121 | +€59 | +1.9% |
| Accrued charges and deferred income | 492/3 | - | €3,716 | +€3,716 | |
| Remuneration, social security and pensions | 62 | €106,961 | €141,904 | +€34,943 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,967 | €53,351 | +€16,384 | +44.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€18,365 | €10,956 | +€29,321 | |
| Other operating charges | 640/8 | €5,922 | €9,137 | +€3,215 | +54.3% |
| Non-recurring operating charges | 66A | - | €423 | +€423 | |
| Gross operating margin | 9900 | -€430,008 | -€2,639 | +€427,369 | +99.4% |
| Operating profit (loss) | 9901 | -€561,493 | -€218,410 | +€343,082 | +61.1% |
| Financial income | 75/76B | €3,420 | €4,463 | +€1,044 | +30.5% |
| Recurring financial income | 75 | €3,420 | €4,463 | +€1,044 | +30.5% |
| Financial charges | 65/66B | €12,605 | €9,016 | -€3,589 | -28.5% |
| Recurring financial charges | 65 | €12,605 | €9,016 | -€3,589 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€570,678 | -€222,963 | +€347,715 | +60.9% |
| Income taxes | 67/77 | €246 | €984 | +€738 | +299.6% |
| Profit (loss) for the period | 9904 | -€570,924 | -€223,947 | +€346,977 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€570,924 | -€223,947 | +€346,977 | +60.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.