FRUBERO: 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.
FRUBERO
Largest movements
- Receivables within one year +€110,447
up €110,447 (+80.8%), from €136,687 to €247,134
of which Trade receivables: +€104,020
- Stocks and contracts +€44,919
up €44,919 (+11.5%), from €390,135 to €435,054
- Reserves +€63,242
new in 2025: €63,242
- Short-term financial debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Trade debts +€35,183
up €35,183 (+34.9%), from €100,691 to €135,874
- Debts after one year -€32,627
down €32,627 (-14.4%), from €227,010 to €194,383
of which Financial debts: -€27,279
- Profit (loss) carried forward +€18,336
no longer reported in 2025 (was -€18,336)
- Gross operating margin +€31,040
up €31,040 (+27.3%), from €113,728 to €144,768
- Other operating charges +€19,019
up €19,019 (+1013.6%), from €1,876 to €20,895
- Taxes +€18,838
new in 2025: €18,838
- Financial charges +€2,771
up €2,771 (+15.2%), from €18,217 to €20,988
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 | €551,069 | €708,142 | +€157,074 | +28.5% |
| Fixed assets | 21/28 | €11,399 | €8,829 | -€2,570 | -22.5% |
| Tangible fixed assets | 22/27 | €11,399 | €8,829 | -€2,570 | -22.5% |
| Plant, machinery and equipment | 23 | €11,399 | €8,829 | -€2,570 | -22.5% |
| Current assets | 29/58 | €539,669 | €699,313 | +€159,644 | +29.6% |
| Stocks and contracts in progress | 3 | €390,135 | €435,054 | +€44,919 | +11.5% |
| Stocks | 30/36 | €390,135 | €435,054 | +€44,919 | +11.5% |
| Amounts receivable within one year | 40/41 | €136,687 | €247,134 | +€110,447 | +80.8% |
| Trade receivables | 40 | €131,599 | €235,619 | +€104,020 | +79.0% |
| Other amounts receivable | 41 | €5,088 | €11,515 | +€6,427 | +126.3% |
| Cash at bank and in hand | 54/58 | €12,847 | €16,174 | +€3,327 | +25.9% |
| Deferred charges and accrued income | 490/1 | - | €950 | +€950 | |
| Total equity and liabilities | 10/49 | €551,069 | €708,142 | +€157,074 | +28.5% |
| Equity | 10/15 | €101,664 | €183,242 | +€81,578 | +80.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | - | €63,242 | +€63,242 | |
| Distributable reserves | 133 | - | €63,242 | +€63,242 | |
| Profit (loss) carried forward | 14 | -€18,336 | - | +€18,336 | |
| Amounts payable | 17/49 | €449,405 | €524,901 | +€75,496 | +16.8% |
| Amounts payable after more than one year | 17 | €227,010 | €194,383 | -€32,627 | -14.4% |
| Financial debts | 170/4 | €87,010 | €59,732 | -€27,279 | -31.4% |
| Other amounts payable | 178/9 | €140,000 | €134,651 | -€5,349 | -3.8% |
| Amounts payable within one year | 42/48 | €213,537 | €321,501 | +€107,964 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €62,804 | €74,246 | +€11,443 | +18.2% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Trade debts | 44 | €100,691 | €135,874 | +€35,183 | +34.9% |
| Suppliers | 440/4 | €100,691 | €135,874 | +€35,183 | +34.9% |
| Taxes, remuneration and social security | 45 | - | €11,338 | +€11,338 | |
| Taxes | 450/3 | - | €11,338 | +€11,338 | |
| Other amounts payable | 47/48 | €42 | €42 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,857 | €9,017 | +€159 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,451 | €2,570 | +€1,119 | +77.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,342 | - | -€1,342 | |
| Other operating charges | 640/8 | €1,876 | €20,895 | +€19,019 | +1013.6% |
| Gross operating margin | 9900 | €113,728 | €144,768 | +€31,040 | +27.3% |
| Operating profit (loss) | 9901 | €109,059 | €121,303 | +€12,244 | +11.2% |
| Financial income | 75/76B | €4 | €101 | +€96 | +2151.0% |
| Recurring financial income | 75 | €4 | €101 | +€96 | +2151.0% |
| Financial charges | 65/66B | €18,217 | €20,988 | +€2,771 | +15.2% |
| Recurring financial charges | 65 | €18,217 | €20,988 | +€2,771 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €90,846 | €100,416 | +€9,570 | +10.5% |
| Income taxes | 67/77 | - | €18,838 | +€18,838 | |
| Profit (loss) for the period | 9904 | €90,846 | €81,578 | -€9,268 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,846 | €81,578 | -€9,268 | -10.2% |
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 29 September 2026 via checked.be.