FROSA: 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.
FROSA
Largest movements
- Tangible fixed assets +€19,631
up €19,631 (+59.4%), from €33,061 to €52,693
of which Furniture and vehicles: +€19,186
- Receivables within one year +€16,397
up €16,397 (+415.1%), from €3,950 to €20,347
of which Trade receivables: +€10,135
- Cash -€13,221
down €13,221 (-40.3%), from €32,839 to €19,618
mainly Investment in fixed assets (net) (-€32,569) and Other debts (-€25,997)
- Deferred charges and accrued income +€1,555
up €1,555 (+73.4%), from €2,118 to €3,673
- Other debts -€25,997
down €25,997 (-71.7%), from €36,270 to €10,273
- Profit (loss) carried forward +€16,827
up €16,827 (+66.3%), from €25,375 to €42,202
- Debts after one year +€16,792
new in 2025: €16,792
- Tax, wage and social debts +€6,619
up €6,619 (+99.4%), from €6,658 to €13,277
- Trade debts +€5,361
up €5,361 (+803.6%), from €667 to €6,028
- Depreciation +€7,377
up €7,377 (+132.7%), from €5,561 to €12,938
- Taxes -€2,897
down €2,897 (-40.6%), from €7,136 to €4,238
- Other operating charges +€2,387
up €2,387 (+371.6%), from €642 to €3,029
- Financial charges +€969
up €969 (+1381.5%), from €70 to €1,039
- Gross operating margin -€712
down €712 (-1.7%), from €41,360 to €40,648
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 | €71,969 | €96,331 | +€24,362 | +33.9% |
| Fixed assets | 21/28 | €33,061 | €52,693 | +€19,631 | +59.4% |
| Tangible fixed assets | 22/27 | €33,061 | €52,693 | +€19,631 | +59.4% |
| Plant, machinery and equipment | 23 | €12,750 | €13,195 | +€445 | +3.5% |
| Furniture and vehicles | 24 | €20,312 | €39,498 | +€19,186 | +94.5% |
| Current assets | 29/58 | €38,908 | €43,638 | +€4,731 | +12.2% |
| Amounts receivable within one year | 40/41 | €3,950 | €20,347 | +€16,397 | +415.1% |
| Trade receivables | 40 | €3,950 | €14,086 | +€10,135 | +256.6% |
| Other amounts receivable | 41 | - | €6,262 | +€6,262 | |
| Cash at bank and in hand | 54/58 | €32,839 | €19,618 | -€13,221 | -40.3% |
| Deferred charges and accrued income | 490/1 | €2,118 | €3,673 | +€1,555 | +73.4% |
| Total equity and liabilities | 10/49 | €71,969 | €96,331 | +€24,362 | +33.9% |
| Equity | 10/15 | €28,375 | €45,202 | +€16,827 | +59.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,375 | €42,202 | +€16,827 | +66.3% |
| Amounts payable | 17/49 | €43,594 | €51,130 | +€7,535 | +17.3% |
| Amounts payable after more than one year | 17 | - | €16,792 | +€16,792 | |
| Financial debts | 170/4 | - | €16,792 | +€16,792 | |
| Amounts payable within one year | 42/48 | €43,594 | €34,337 | -€9,257 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,759 | +€4,759 | |
| Trade debts | 44 | €667 | €6,028 | +€5,361 | +803.6% |
| Suppliers | 440/4 | €667 | €6,028 | +€5,361 | +803.6% |
| Taxes, remuneration and social security | 45 | €6,658 | €13,277 | +€6,619 | +99.4% |
| Taxes | 450/3 | €6,658 | €13,277 | +€6,619 | +99.4% |
| Other amounts payable | 47/48 | €36,270 | €10,273 | -€25,997 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,561 | €12,938 | +€7,377 | +132.7% |
| Other operating charges | 640/8 | €642 | €3,029 | +€2,387 | +371.6% |
| Gross operating margin | 9900 | €41,360 | €40,648 | -€712 | -1.7% |
| Operating profit (loss) | 9901 | €35,158 | €24,681 | -€10,476 | -29.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +25.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +25.0% |
| Financial charges | 65/66B | €70 | €1,039 | +€969 | +1381.5% |
| Recurring financial charges | 65 | €70 | €1,039 | +€969 | +1381.5% |
| Profit (loss) for the period before taxes | 9903 | €35,087 | €23,642 | -€11,445 | -32.6% |
| Income taxes | 67/77 | €7,136 | €4,238 | -€2,897 | -40.6% |
| Profit (loss) for the period | 9904 | €27,952 | €19,404 | -€8,548 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,952 | €19,404 | -€8,548 | -30.6% |
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 8 October 2026 via checked.be.