FRUBO: 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.
FRUBO
Largest movements
- Stocks and contracts +€24,021
new in 2025: €24,021
- Cash -€19,799
down €19,799 (-34.4%), from €57,529 to €37,730
mainly Trade debts (-€47,813) and Current portion of long-term debt (-€26,926)
- Tangible fixed assets -€17,790
down €17,790 (-10.9%), from €163,440 to €145,650
of which Land and buildings: -€11,065
- Receivables within one year -€15,284
down €15,284 (-12.9%), from €118,905 to €103,621
of which Trade receivables: -€19,313
- Trade debts -€47,813
down €47,813 (-90.8%), from €52,655 to €4,842
- Profit (loss) carried forward +€41,534
up €41,534 (+56.1%), from -€73,973 to -€32,440
- Current portion of long-term debt -€26,926
no longer reported in 2025 (was €26,926)
- Gross operating margin +€15,872
up €15,872 (+27.1%), from €58,591 to €74,462
- Other operating charges +€3,183
up €3,183 (+37.9%), from €8,404 to €11,586
- Depreciation +€2,530
up €2,530 (+16.4%), from €15,461 to €17,991
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 | €351,641 | €320,903 | -€30,738 | -8.7% |
| Fixed assets | 21/28 | €172,237 | €154,245 | -€17,991 | -10.4% |
| Intangible fixed assets | 21 | €655 | €454 | -€201 | -30.7% |
| Tangible fixed assets | 22/27 | €163,440 | €145,650 | -€17,790 | -10.9% |
| Land and buildings | 22 | €138,368 | €127,303 | -€11,065 | -8.0% |
| Plant, machinery and equipment | 23 | €19,726 | €16,001 | -€3,725 | -18.9% |
| Furniture and vehicles | 24 | €5,346 | €2,346 | -€3,000 | -56.1% |
| Financial fixed assets | 28 | €8,141 | €8,141 | = | 0.0% |
| Current assets | 29/58 | €179,404 | €166,658 | -€12,747 | -7.1% |
| Stocks and contracts in progress | 3 | - | €24,021 | +€24,021 | |
| Stocks | 30/36 | - | €24,021 | +€24,021 | |
| Amounts receivable within one year | 40/41 | €118,905 | €103,621 | -€15,284 | -12.9% |
| Trade receivables | 40 | €118,859 | €99,545 | -€19,313 | -16.2% |
| Other amounts receivable | 41 | €47 | €4,076 | +€4,029 | +8,627% |
| Cash at bank and in hand | 54/58 | €57,529 | €37,730 | -€19,799 | -34.4% |
| Deferred charges and accrued income | 490/1 | €2,970 | €1,286 | -€1,684 | -56.7% |
| Total equity and liabilities | 10/49 | €351,641 | €320,903 | -€30,738 | -8.7% |
| Equity | 10/15 | €270,467 | €312,000 | +€41,534 | +15.4% |
| Contributions | 10/11 | €114,031 | €114,031 | = | 0.0% |
| Capital | 10 | €114,031 | €114,031 | = | 0.0% |
| Issued capital | 100 | €114,031 | €114,031 | = | 0.0% |
| Reserves | 13 | €230,409 | €230,409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,886 | €14,886 | = | 0.0% |
| Legal reserve | 130 | €14,886 | €14,886 | = | 0.0% |
| Tax-exempt reserves | 132 | €209,486 | €209,486 | = | 0.0% |
| Distributable reserves | 133 | €6,038 | €6,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,973 | -€32,440 | +€41,534 | +56.1% |
| Amounts payable | 17/49 | €81,174 | €8,903 | -€72,272 | -89.0% |
| Amounts payable within one year | 42/48 | €81,174 | €8,903 | -€72,272 | -89.0% |
| Current portion of amounts payable after more than one year | 42 | €26,926 | - | -€26,926 | |
| Trade debts | 44 | €52,655 | €4,842 | -€47,813 | -90.8% |
| Suppliers | 440/4 | €52,655 | €4,842 | -€47,813 | -90.8% |
| Taxes, remuneration and social security | 45 | €1,342 | €4,060 | +€2,718 | +203% |
| Taxes | 450/3 | €1,342 | €4,060 | +€2,718 | +203% |
| Other amounts payable | 47/48 | €252 | - | -€252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,461 | €17,991 | +€2,530 | +16.4% |
| Other operating charges | 640/8 | €8,404 | €11,586 | +€3,183 | +37.9% |
| Gross operating margin | 9900 | €58,591 | €74,462 | +€15,872 | +27.1% |
| Operating profit (loss) | 9901 | €34,725 | €44,885 | +€10,159 | +29.3% |
| Financial income | 75/76B | €73 | €195 | +€122 | +165% |
| Recurring financial income | 75 | €73 | €195 | +€122 | +165% |
| Financial charges | 65/66B | €4,226 | €3,524 | -€702 | -16.6% |
| Recurring financial charges | 65 | €4,226 | €3,524 | -€702 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €30,572 | €41,555 | +€10,983 | +35.9% |
| Income taxes | 67/77 | €289 | €22 | -€267 | -92.4% |
| Profit (loss) for the period | 9904 | €30,284 | €41,534 | +€11,250 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,284 | €41,534 | +€11,250 | +37.1% |
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 15 October 2026 via checked.be.