FRP: 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.
FRP
Largest movements
- Receivables within one year -€292,822
down €292,822 (-15.6%), from €1.9m to €1.6m
of which Trade receivables: -€197,166
- Tangible fixed assets -€113,647
down €113,647 (-18.6%), from €610,694 to €497,048
of which Furniture and vehicles: -€97,530
- Intangible fixed assets -€44,263
down €44,263 (-20.0%), from €221,063 to €176,800
- Current portion of long-term debt -€406,261
down €406,261 (-47.7%), from €852,335 to €446,075
- Trade debts -€58,045
down €58,045 (-8.0%), from €728,760 to €670,715
- Debts after one year -€45,325
down €45,325 (-57.0%), from €79,467 to €34,142
- Profit (loss) carried forward +€30,405
up €30,405 (+7.2%), from €421,105 to €451,510
- Depreciation +€67,323
up €67,323 (+50.9%), from €132,343 to €199,666
- Gross operating margin -€59,131
down €59,131 (-4.0%), from €1.5m to €1.4m
- Write-downs -€57,474
down €57,474 (-99.9%), from €57,511 to €36
- Staff costs +€53,157
up €53,157 (+5.3%), from €1.0m to €1.1m
- Taxes -€31,823
down €31,823 (-49.7%), from €64,001 to €32,179
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 | €2,791,418 | €2,345,331 | -€446,087 | -16.0% |
| Fixed assets | 21/28 | €848,521 | €690,612 | -€157,910 | -18.6% |
| Intangible fixed assets | 21 | €221,063 | €176,800 | -€44,263 | -20.0% |
| Tangible fixed assets | 22/27 | €610,694 | €497,048 | -€113,647 | -18.6% |
| Plant, machinery and equipment | 23 | €30,443 | €25,175 | -€5,268 | -17.3% |
| Furniture and vehicles | 24 | €451,126 | €353,596 | -€97,530 | -21.6% |
| Other tangible fixed assets | 26 | €129,125 | €118,277 | -€10,848 | -8.4% |
| Financial fixed assets | 28 | €16,764 | €16,764 | = | 0.0% |
| Current assets | 29/58 | €1,942,897 | €1,654,720 | -€288,177 | -14.8% |
| Stocks and contracts in progress | 3 | €4,132 | €4,132 | = | 0.0% |
| Stocks | 30/36 | €4,132 | €4,132 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,880,960 | €1,588,138 | -€292,822 | -15.6% |
| Trade receivables | 40 | €1,746,618 | €1,549,452 | -€197,166 | -11.3% |
| Other amounts receivable | 41 | €134,342 | €38,686 | -€95,656 | -71.2% |
| Cash at bank and in hand | 54/58 | €57,347 | €61,659 | +€4,313 | +7.5% |
| Deferred charges and accrued income | 490/1 | €458 | €790 | +€332 | +72.6% |
| Total equity and liabilities | 10/49 | €2,791,418 | €2,345,331 | -€446,087 | -16.0% |
| Equity | 10/15 | €431,105 | €461,510 | +€30,405 | +7.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421,105 | €451,510 | +€30,405 | +7.2% |
| Amounts payable | 17/49 | €2,360,313 | €1,883,822 | -€476,492 | -20.2% |
| Amounts payable after more than one year | 17 | €79,467 | €34,142 | -€45,325 | -57.0% |
| Financial debts | 170/4 | €79,467 | €34,142 | -€45,325 | -57.0% |
| Amounts payable within one year | 42/48 | €2,274,581 | €1,826,131 | -€448,450 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €852,335 | €446,075 | -€406,261 | -47.7% |
| Trade debts | 44 | €728,760 | €670,715 | -€58,045 | -8.0% |
| Suppliers | 440/4 | €728,760 | €670,715 | -€58,045 | -8.0% |
| Taxes, remuneration and social security | 45 | €226,547 | €233,941 | +€7,395 | +3.3% |
| Taxes | 450/3 | €49,625 | €60,994 | +€11,369 | +22.9% |
| Remuneration and social security | 454/9 | €176,922 | €172,948 | -€3,975 | -2.2% |
| Other amounts payable | 47/48 | €466,939 | €475,400 | +€8,461 | +1.8% |
| Accrued charges and deferred income | 492/3 | €6,265 | €23,549 | +€17,283 | +275.9% |
| Remuneration, social security and pensions | 62 | €1,010,672 | €1,063,829 | +€53,157 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,343 | €199,666 | +€67,323 | +50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,511 | €36 | -€57,474 | -99.9% |
| Other operating charges | 640/8 | €16,480 | €26,978 | +€10,497 | +63.7% |
| Gross operating margin | 9900 | €1,462,352 | €1,403,220 | -€59,131 | -4.0% |
| Operating profit (loss) | 9901 | €245,346 | €112,711 | -€132,635 | -54.1% |
| Financial income | 75/76B | €212 | €3,611 | +€3,399 | +1600.7% |
| Recurring financial income | 75 | €212 | €3,611 | +€3,399 | +1600.7% |
| Financial charges | 65/66B | €63,839 | €53,739 | -€10,100 | -15.8% |
| Recurring financial charges | 65 | €63,839 | €53,739 | -€10,100 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €181,719 | €62,584 | -€119,136 | -65.6% |
| Income taxes | 67/77 | €64,001 | €32,179 | -€31,823 | -49.7% |
| Profit (loss) for the period | 9904 | €117,718 | €30,405 | -€87,313 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,718 | €30,405 | -€87,313 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.