FROVA: 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.
FROVA
Largest movements
- Receivables within one year +€7,572
up €7,572 (+17.5%), from €43,305 to €50,877
of which Trade receivables: +€7,942
- Tangible fixed assets -€5,410
down €5,410 (-26.4%), from €20,475 to €15,064
- Reserves +€98,700
up €98,700 (+119.3%), from €82,740 to €181,440
- Other debts -€94,147
down €94,147 (-90.7%), from €103,808 to €9,662
- Trade debts -€3,345
down €3,345 (-60.5%), from €5,529 to €2,185
- Gross operating margin +€22,394
up €22,394 (+16.7%), from €133,899 to €156,293
- Taxes +€18,936
up €18,936 (+61.5%), from €30,796 to €49,732
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,859 | €204,373 | +€515 | +0.3% |
| Fixed assets | 21/28 | €20,475 | €15,064 | -€5,410 | -26.4% |
| Tangible fixed assets | 22/27 | €20,475 | €15,064 | -€5,410 | -26.4% |
| Furniture and vehicles | 24 | €20,475 | €15,064 | -€5,410 | -26.4% |
| Current assets | 29/58 | €183,384 | €189,309 | +€5,925 | +3.2% |
| Amounts receivable within one year | 40/41 | €43,305 | €50,877 | +€7,572 | +17.5% |
| Trade receivables | 40 | €42,805 | €50,747 | +€7,942 | +18.6% |
| Other amounts receivable | 41 | €500 | €130 | -€370 | -74.0% |
| Cash at bank and in hand | 54/58 | €140,079 | €138,432 | -€1,647 | -1.2% |
| Total equity and liabilities | 10/49 | €203,859 | €204,373 | +€515 | +0.3% |
| Equity | 10/15 | €82,841 | €181,567 | +€98,725 | +119.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €82,740 | €181,440 | +€98,700 | +119.3% |
| Distributable reserves | 133 | €82,740 | €181,440 | +€98,700 | +119.3% |
| Profit (loss) carried forward | 14 | €1 | €27 | +€25 | +2122.5% |
| Amounts payable | 17/49 | €121,017 | €22,807 | -€98,211 | -81.2% |
| Amounts payable within one year | 42/48 | €121,017 | €22,807 | -€98,211 | -81.2% |
| Trade debts | 44 | €5,529 | €2,185 | -€3,345 | -60.5% |
| Suppliers | 440/4 | €5,529 | €2,185 | -€3,345 | -60.5% |
| Taxes, remuneration and social security | 45 | €11,680 | €10,961 | -€719 | -6.2% |
| Taxes | 450/3 | €11,680 | €10,961 | -€719 | -6.2% |
| Other amounts payable | 47/48 | €103,808 | €9,662 | -€94,147 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,302 | €5,410 | +€108 | +2.0% |
| Other operating charges | 640/8 | €562 | €513 | -€49 | -8.7% |
| Gross operating margin | 9900 | €133,899 | €156,293 | +€22,394 | +16.7% |
| Operating profit (loss) | 9901 | €128,035 | €150,370 | +€22,335 | +17.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €222 | €194 | -€27 | -12.4% |
| Recurring financial charges | 65 | €222 | €194 | -€27 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €127,813 | €150,176 | +€22,362 | +17.5% |
| Income taxes | 67/77 | €30,796 | €49,732 | +€18,936 | +61.5% |
| Profit (loss) for the period | 9904 | €97,017 | €100,443 | +€3,426 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,017 | €100,443 | +€3,426 | +3.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.