FROVATO: 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.
FROVATO
Largest movements
- Cash -€20,343
down €20,343 (-34.5%), from €58,981 to €38,638
mainly Other debts (-€59,143) and Contributions, distributions and other (-€49,780)
- Tangible fixed assets +€4,976
up €4,976 (+232.5%), from €2,140 to €7,116
of which Furniture and vehicles: +€4,423
- Deferred charges and accrued income -€3,793
down €3,793 (-62.6%), from €6,059 to €2,266
- Other debts -€59,143
down €59,143 (-100.0%), from €59,148 to €4
- Reserves +€32,878
up €32,878 (+222.5%), from €14,780 to €47,657
- Tax, wage and social debts +€8,351
up €8,351 (+5219.5%), from €160 to €8,511
of which Taxes: +€8,333
- Trade debts -€2,197
down €2,197 (-64.3%), from €3,418 to €1,221
- Gross operating margin +€40,729
up €40,729 (+51.5%), from €79,075 to €119,803
- Taxes +€18,550
up €18,550 (+115.4%), from €16,071 to €34,621
- Financial income +€2,670
up €2,670 (+1404.7%), from €190 to €2,860
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 | €96,105 | €75,994 | -€20,111 | -20.9% |
| Fixed assets | 21/28 | €2,140 | €7,116 | +€4,976 | +232.5% |
| Tangible fixed assets | 22/27 | €2,140 | €7,116 | +€4,976 | +232.5% |
| Plant, machinery and equipment | 23 | €636 | €1,189 | +€553 | +87.0% |
| Furniture and vehicles | 24 | €460 | €4,883 | +€4,423 | +961.5% |
| Other tangible fixed assets | 26 | €1,045 | €1,045 | = | 0.0% |
| Current assets | 29/58 | €93,964 | €68,878 | -€25,087 | -26.7% |
| Amounts receivable within one year | 40/41 | €28,924 | €27,974 | -€951 | -3.3% |
| Trade receivables | 40 | €17,545 | €17,545 | = | 0.0% |
| Other amounts receivable | 41 | €11,379 | €10,429 | -€951 | -8.4% |
| Cash at bank and in hand | 54/58 | €58,981 | €38,638 | -€20,343 | -34.5% |
| Deferred charges and accrued income | 490/1 | €6,059 | €2,266 | -€3,793 | -62.6% |
| Total equity and liabilities | 10/49 | €96,105 | €75,994 | -€20,111 | -20.9% |
| Equity | 10/15 | €33,380 | €66,257 | +€32,878 | +98.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,780 | €47,657 | +€32,878 | +222.5% |
| Distributable reserves | 133 | €14,780 | €47,657 | +€32,878 | +222.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,725 | €9,736 | -€52,989 | -84.5% |
| Amounts payable within one year | 42/48 | €62,725 | €9,736 | -€52,989 | -84.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,418 | €1,221 | -€2,197 | -64.3% |
| Suppliers | 440/4 | €3,418 | €1,221 | -€2,197 | -64.3% |
| Taxes, remuneration and social security | 45 | €160 | €8,511 | +€8,351 | +5219.5% |
| Taxes | 450/3 | €0 | €8,333 | +€8,333 | |
| Remuneration and social security | 454/9 | €160 | €178 | +€18 | +11.4% |
| Other amounts payable | 47/48 | €59,148 | €4 | -€59,143 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,275 | €1,655 | +€380 | +29.8% |
| Other operating charges | 640/8 | €467 | €400 | -€68 | -14.5% |
| Non-recurring operating charges | 66A | - | €513 | +€513 | |
| Gross operating margin | 9900 | €79,075 | €119,803 | +€40,729 | +51.5% |
| Operating profit (loss) | 9901 | €77,333 | €117,236 | +€39,903 | +51.6% |
| Financial income | 75/76B | €190 | €2,860 | +€2,670 | +1404.7% |
| Recurring financial income | 75 | €190 | €2,860 | +€2,670 | +1404.7% |
| Financial charges | 65/66B | €2,823 | €2,818 | -€5 | -0.2% |
| Recurring financial charges | 65 | €2,823 | €2,818 | -€5 | -0.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €74,700 | €117,278 | +€42,578 | +57.0% |
| Income taxes | 67/77 | €16,071 | €34,621 | +€18,550 | +115.4% |
| Profit (loss) for the period | 9904 | €58,628 | €82,657 | +€24,029 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,628 | €82,657 | +€24,029 | +41.0% |
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.