FRP LOGISTICS: 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 LOGISTICS
Largest movements
- Cash +€288,533
up €288,533 (+4,878%), from €5,915 to €294,448
mainly Stocks and contracts (+€173,153) and Current portion of long-term debt (+€168,755)
- Tangible fixed assets -€264,861
down €264,861 (-41.7%), from €634,453 to €369,593
of which Furniture and vehicles: -€263,854
- Stocks and contracts -€173,153
no longer reported in 2025 (was €173,153)
- Receivables within one year -€156,969
down €156,969 (-49.3%), from €318,493 to €161,524
of which Trade receivables: -€280,065
- Trade debts -€329,116
down €329,116 (-94.9%), from €346,858 to €17,742
- Debts after one year -€183,504
down €183,504 (-38.8%), from €472,981 to €289,477
- Current portion of long-term debt +€168,755
up €168,755 (+79.7%), from €211,829 to €380,583
- Tax, wage and social debts +€90,831
up €90,831 (+312%), from €29,137 to €119,968
of which Taxes: +€93,792
- Profit (loss) carried forward -€41,300
down €41,300 (-68.0%), from €60,765 to €19,465
- Gross operating margin -€91,897
down €91,897 (-21.7%), from €424,208 to €332,310
- Taxes -€11,372
no longer reported in 2025 (was €11,372)
- Depreciation -€4,782
down €4,782 (-2.8%), from €167,817 to €163,034
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.
Derived cash bridge
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 | €1,140,827 | €838,015 | -€302,812 | -26.5% |
| Fixed assets | 21/28 | €641,360 | €378,473 | -€262,887 | -41.0% |
| Intangible fixed assets | 21 | €6,692 | €8,666 | +€1,974 | +29.5% |
| Tangible fixed assets | 22/27 | €634,453 | €369,593 | -€264,861 | -41.7% |
| Plant, machinery and equipment | 23 | €3,750 | €2,744 | -€1,006 | -26.8% |
| Furniture and vehicles | 24 | €630,703 | €366,849 | -€263,854 | -41.8% |
| Financial fixed assets | 28 | €214 | €214 | = | 0.0% |
| Current assets | 29/58 | €499,468 | €459,542 | -€39,926 | -8.0% |
| Stocks and contracts in progress | 3 | €173,153 | - | -€173,153 | |
| Stocks | 30/36 | €173,153 | - | -€173,153 | |
| Amounts receivable within one year | 40/41 | €318,493 | €161,524 | -€156,969 | -49.3% |
| Trade receivables | 40 | €295,600 | €15,535 | -€280,065 | -94.7% |
| Other amounts receivable | 41 | €22,893 | €145,989 | +€123,095 | +538% |
| Cash at bank and in hand | 54/58 | €5,915 | €294,448 | +€288,533 | +4,878% |
| Deferred charges and accrued income | 490/1 | €1,907 | €3,570 | +€1,664 | +87.2% |
| Total equity and liabilities | 10/49 | €1,140,827 | €838,015 | -€302,812 | -26.5% |
| Equity | 10/15 | €70,765 | €29,465 | -€41,300 | -58.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,765 | €19,465 | -€41,300 | -68.0% |
| Amounts payable | 17/49 | €1,070,062 | €808,550 | -€261,512 | -24.4% |
| Amounts payable after more than one year | 17 | €472,981 | €289,477 | -€183,504 | -38.8% |
| Financial debts | 170/4 | €472,981 | €289,477 | -€183,504 | -38.8% |
| Amounts payable within one year | 42/48 | €595,191 | €518,958 | -€76,233 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €211,829 | €380,583 | +€168,755 | +79.7% |
| Trade debts | 44 | €346,858 | €17,742 | -€329,116 | -94.9% |
| Suppliers | 440/4 | €346,858 | €17,742 | -€329,116 | -94.9% |
| Taxes, remuneration and social security | 45 | €29,137 | €119,968 | +€90,831 | +312% |
| Taxes | 450/3 | €13,631 | €107,422 | +€93,792 | +688% |
| Remuneration and social security | 454/9 | €15,506 | €12,546 | -€2,960 | -19.1% |
| Other amounts payable | 47/48 | €7,368 | €664 | -€6,703 | -91.0% |
| Accrued charges and deferred income | 492/3 | €1,890 | €115 | -€1,775 | -93.9% |
| Remuneration, social security and pensions | 62 | €179,267 | €176,368 | -€2,899 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,817 | €163,034 | -€4,782 | -2.8% |
| Other operating charges | 640/8 | €18,064 | €13,984 | -€4,080 | -22.6% |
| Gross operating margin | 9900 | €424,208 | €332,310 | -€91,897 | -21.7% |
| Operating profit (loss) | 9901 | €59,060 | -€21,077 | -€80,137 | |
| Financial income | 75/76B | €2,013 | €3,736 | +€1,724 | +85.6% |
| Recurring financial income | 75 | €2,013 | €3,736 | +€1,724 | +85.6% |
| Financial charges | 65/66B | €23,531 | €23,960 | +€429 | +1.8% |
| Recurring financial charges | 65 | €23,531 | €23,960 | +€429 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €37,542 | -€41,300 | -€78,842 | |
| Income taxes | 67/77 | €11,372 | - | -€11,372 | |
| Profit (loss) for the period | 9904 | €26,169 | -€41,300 | -€67,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,169 | -€41,300 | -€67,469 |
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 18 October 2026 via checked.be.