FROVIN: what changed
Two financial 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.
FROVIN
Largest movements
- Receivables within one year +€180,507
up €180,507 (+53.8%), from €335,252 to €515,759
of which Other amounts receivable: +€181,073
- Cash -€52,768
down €52,768 (-22.7%), from €232,348 to €179,580
mainly Receivables within one year (-€180,507) and Investment in fixed assets (net) (-€9,310)
- Intangible fixed assets -€40,000
no longer reported in 2025 (was €40,000)
- Stocks and contracts -€20,188
down €20,188 (-5.2%), from €388,016 to €367,827
- Tangible fixed assets -€12,760
down €12,760 (-17.8%), from €71,675 to €58,915
- Reserves +€41,213
up €41,213 (+6.6%), from €625,026 to €666,239
of which Distributable reserves: +€41,213
- Trade debts +€19,968
up €19,968 (+9.6%), from €207,985 to €227,953
- Gross operating margin +€88,760
up €88,760 (+20.1%), from €441,792 to €530,552
- Staff costs +€70,362
up €70,362 (+23.6%), from €298,576 to €368,937
- Depreciation -€8,857
down €8,857 (-12.5%), from €70,927 to €62,070
- Taxes +€6,386
up €6,386 (+48.7%), from €13,108 to €19,494
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 | €1,077,338 | €1,131,410 | +€54,072 | +5.0% |
| Fixed assets | 21/28 | €116,379 | €63,618 | -€52,760 | -45.3% |
| Intangible fixed assets | 21 | €40,000 | - | -€40,000 | |
| Tangible fixed assets | 22/27 | €71,675 | €58,915 | -€12,760 | -17.8% |
| Land and buildings | 22 | €61,355 | €55,884 | -€5,470 | -8.9% |
| Plant, machinery and equipment | 23 | €5,740 | €3,031 | -€2,709 | -47.2% |
| Furniture and vehicles | 24 | €4,580 | - | -€4,580 | |
| Financial fixed assets | 28 | €4,703 | €4,703 | = | 0.0% |
| Current assets | 29/58 | €960,960 | €1,067,792 | +€106,832 | +11.1% |
| Stocks and contracts in progress | 3 | €388,016 | €367,827 | -€20,188 | -5.2% |
| Stocks | 30/36 | €388,016 | €367,827 | -€20,188 | -5.2% |
| Amounts receivable within one year | 40/41 | €335,252 | €515,759 | +€180,507 | +53.8% |
| Trade receivables | 40 | €3,862 | €3,296 | -€566 | -14.7% |
| Other amounts receivable | 41 | €331,390 | €512,463 | +€181,073 | +54.6% |
| Cash at bank and in hand | 54/58 | €232,348 | €179,580 | -€52,768 | -22.7% |
| Deferred charges and accrued income | 490/1 | €5,343 | €4,625 | -€718 | -13.4% |
| Total equity and liabilities | 10/49 | €1,077,338 | €1,131,410 | +€54,072 | +5.0% |
| Equity | 10/15 | €687,026 | €728,239 | +€41,213 | +6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €625,026 | €666,239 | +€41,213 | +6.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €613,826 | €655,039 | +€41,213 | +6.7% |
| Amounts payable | 17/49 | €390,312 | €403,171 | +€12,858 | +3.3% |
| Amounts payable within one year | 42/48 | €389,086 | €403,171 | +€14,085 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €159,074 | €155,876 | -€3,197 | -2.0% |
| Trade debts | 44 | €207,985 | €227,953 | +€19,968 | +9.6% |
| Suppliers | 440/4 | €207,985 | €227,953 | +€19,968 | +9.6% |
| Taxes, remuneration and social security | 45 | €22,027 | €19,341 | -€2,686 | -12.2% |
| Taxes | 450/3 | €3,286 | - | -€3,286 | |
| Remuneration and social security | 454/9 | €18,741 | €19,341 | +€601 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,226 | - | -€1,226 | |
| Remuneration, social security and pensions | 62 | €298,576 | €368,937 | +€70,362 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,927 | €62,070 | -€8,857 | -12.5% |
| Other operating charges | 640/8 | €4,253 | €2,867 | -€1,386 | -32.6% |
| Gross operating margin | 9900 | €441,792 | €530,552 | +€88,760 | +20.1% |
| Operating profit (loss) | 9901 | €68,037 | €96,677 | +€28,641 | +42.1% |
| Financial income | 75/76B | €40 | €43 | +€3 | +6.7% |
| Recurring financial income | 75 | €40 | €43 | +€3 | +6.7% |
| Financial charges | 65/66B | €34,462 | €36,013 | +€1,551 | +4.5% |
| Recurring financial charges | 65 | €34,462 | €36,013 | +€1,551 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €33,615 | €60,707 | +€27,092 | +80.6% |
| Income taxes | 67/77 | €13,108 | €19,494 | +€6,386 | +48.7% |
| Profit (loss) for the period | 9904 | €20,507 | €41,213 | +€20,707 | +101.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,507 | €41,213 | +€20,707 | +101.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.