FRS TRANS: 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.
FRS TRANS
Largest movements
- Tangible fixed assets +€59,477
up €59,477 (+216.4%), from €27,488 to €86,965
- Receivables within one year +€46,453
up €46,453 (+63.3%), from €73,406 to €119,859
of which Trade receivables: +€25,600
- Deferred charges and accrued income +€7,190
up €7,190 (+78.6%), from €9,153 to €16,343
- Debts after one year +€59,467
up €59,467 (+73.8%), from €80,576 to €140,043
- Current portion of long-term debt +€24,634
up €24,634 (+82.5%), from €29,857 to €54,492
- Trade debts +€23,220
up €23,220 (+222.5%), from €10,434 to €33,654
- Tax, wage and social debts +€17,874
up €17,874 (+44.2%), from €40,423 to €58,296
of which Remuneration and social security: +€11,590
- Profit (loss) carried forward -€13,620
down €13,620 (-62.0%), from -€21,982 to -€35,602
- Gross operating margin +€129,101
up €129,101 (+70.2%), from €183,961 to €313,062
- Staff costs +€111,229
up €111,229 (+74.6%), from €149,158 to €260,387
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 | €149,308 | €261,917 | +€112,609 | +75.4% |
| Fixed assets | 21/28 | €28,028 | €88,265 | +€60,237 | +214.9% |
| Tangible fixed assets | 22/27 | €27,488 | €86,965 | +€59,477 | +216.4% |
| Furniture and vehicles | 24 | €27,488 | €86,965 | +€59,477 | +216.4% |
| Financial fixed assets | 28 | €540 | €1,300 | +€760 | +140.7% |
| Current assets | 29/58 | €121,280 | €173,652 | +€52,372 | +43.2% |
| Amounts receivable within one year | 40/41 | €73,406 | €119,859 | +€46,453 | +63.3% |
| Trade receivables | 40 | €25,968 | €51,568 | +€25,600 | +98.6% |
| Other amounts receivable | 41 | €47,438 | €68,291 | +€20,853 | +44.0% |
| Cash at bank and in hand | 54/58 | €38,722 | €37,451 | -€1,271 | -3.3% |
| Deferred charges and accrued income | 490/1 | €9,153 | €16,343 | +€7,190 | +78.6% |
| Total equity and liabilities | 10/49 | €149,308 | €261,917 | +€112,609 | +75.4% |
| Equity | 10/15 | -€11,982 | -€25,602 | -€13,620 | -113.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,982 | -€35,602 | -€13,620 | -62.0% |
| Amounts payable | 17/49 | €161,290 | €287,520 | +€126,229 | +78.3% |
| Amounts payable after more than one year | 17 | €80,576 | €140,043 | +€59,467 | +73.8% |
| Financial debts | 170/4 | €80,576 | €140,043 | +€59,467 | +73.8% |
| Amounts payable within one year | 42/48 | €80,714 | €146,441 | +€65,727 | +81.4% |
| Current portion of amounts payable after more than one year | 42 | €29,857 | €54,492 | +€24,634 | +82.5% |
| Trade debts | 44 | €10,434 | €33,654 | +€23,220 | +222.5% |
| Suppliers | 440/4 | €10,434 | €33,654 | +€23,220 | +222.5% |
| Taxes, remuneration and social security | 45 | €40,423 | €58,296 | +€17,874 | +44.2% |
| Taxes | 450/3 | €21,896 | €28,179 | +€6,283 | +28.7% |
| Remuneration and social security | 454/9 | €18,527 | €30,117 | +€11,590 | +62.6% |
| Accrued charges and deferred income | 492/3 | - | €1,035 | +€1,035 | |
| Remuneration, social security and pensions | 62 | €149,158 | €260,387 | +€111,229 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,267 | €43,523 | -€744 | -1.7% |
| Other operating charges | 640/8 | €12,598 | €14,482 | +€1,884 | +15.0% |
| Non-recurring operating charges | 66A | €6,096 | - | -€6,096 | |
| Gross operating margin | 9900 | €183,961 | €313,062 | +€129,101 | +70.2% |
| Operating profit (loss) | 9901 | -€28,158 | -€5,330 | +€22,828 | +81.1% |
| Financial income | 75/76B | €2,007 | €3,016 | +€1,008 | +50.2% |
| Recurring financial income | 75 | €2,007 | €3,016 | +€1,008 | +50.2% |
| Financial charges | 65/66B | €8,178 | €11,080 | +€2,902 | +35.5% |
| Recurring financial charges | 65 | €8,178 | €11,080 | +€2,902 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,329 | -€13,394 | +€20,934 | +61.0% |
| Income taxes | 67/77 | €234 | €226 | -€8 | -3.4% |
| Profit (loss) for the period | 9904 | -€34,562 | -€13,620 | +€20,942 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,562 | -€13,620 | +€20,942 | +60.6% |
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 2 October 2026 via checked.be.