FRUDELCO: 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.
FRUDELCO
Largest movements
- Cash +€32,751
up €32,751 (+76.5%), from €42,799 to €75,550
mainly Trade debts (+€76,084) and Receivables within one year (+€18,618)
- Receivables within one year -€18,618
down €18,618 (-4.4%), from €426,639 to €408,021
of which Other amounts receivable: -€49,171
- Tangible fixed assets -€11,182
down €11,182 (-30.0%), from €37,219 to €26,037
of which Furniture and vehicles: -€9,722
- Trade debts +€76,084
up €76,084 (+92.5%), from €82,228 to €158,312
- Other debts -€70,000
no longer reported in 2025 (was €70,000)
- Tax, wage and social debts +€16,427
up €16,427 (+17.7%), from €93,009 to €109,436
of which Remuneration and social security: +€22,898
- Debts after one year -€8,918
down €8,918 (-83.7%), from €10,654 to €1,736
- Profit (loss) carried forward -€8,582
down €8,582 (-8.3%), from -€103,563 to -€112,145
- Turnover -€45,303
down €45,303 (-3.3%), from €1.4m to €1.3m
- Gross operating margin -€41,764
down €41,764 (-12.9%), from €323,602 to €281,839
- Staff costs +€26,800
up €26,800 (+11.6%), from €230,775 to €257,575
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 | €530,994 | €534,867 | +€3,873 | +0.7% |
| Fixed assets | 21/28 | €43,243 | €32,062 | -€11,182 | -25.9% |
| Tangible fixed assets | 22/27 | €37,219 | €26,037 | -€11,182 | -30.0% |
| Land and buildings | 22 | €5,012 | €4,286 | -€726 | -14.5% |
| Plant, machinery and equipment | 23 | €515 | €181 | -€334 | -64.8% |
| Furniture and vehicles | 24 | €30,005 | €20,283 | -€9,722 | -32.4% |
| Other tangible fixed assets | 26 | €1,686 | €1,287 | -€399 | -23.7% |
| Financial fixed assets | 28 | €6,024 | €6,024 | = | 0.0% |
| Current assets | 29/58 | €487,751 | €502,805 | +€15,054 | +3.1% |
| Stocks and contracts in progress | 3 | €18,136 | €15,509 | -€2,626 | -14.5% |
| Stocks | 30/36 | €18,136 | €15,509 | -€2,626 | -14.5% |
| Amounts receivable within one year | 40/41 | €426,639 | €408,021 | -€18,618 | -4.4% |
| Trade receivables | 40 | €297,519 | €328,071 | +€30,553 | +10.3% |
| Other amounts receivable | 41 | €129,120 | €79,950 | -€49,171 | -38.1% |
| Cash at bank and in hand | 54/58 | €42,799 | €75,550 | +€32,751 | +76.5% |
| Deferred charges and accrued income | 490/1 | €178 | €3,725 | +€3,548 | +1998.5% |
| Total equity and liabilities | 10/49 | €530,994 | €534,867 | +€3,873 | +0.7% |
| Equity | 10/15 | €265,047 | €256,465 | -€8,582 | -3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €350,018 | €350,018 | = | 0.0% |
| Tax-exempt reserves | 132 | €350,018 | €350,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,563 | -€112,145 | -€8,582 | -8.3% |
| Amounts payable | 17/49 | €265,947 | €278,402 | +€12,455 | +4.7% |
| Amounts payable after more than one year | 17 | €10,654 | €1,736 | -€8,918 | -83.7% |
| Financial debts | 170/4 | €10,654 | €1,736 | -€8,918 | -83.7% |
| Amounts payable within one year | 42/48 | €255,293 | €276,666 | +€21,373 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €10,056 | €8,918 | -€1,139 | -11.3% |
| Trade debts | 44 | €82,228 | €158,312 | +€76,084 | +92.5% |
| Suppliers | 440/4 | €82,228 | €158,312 | +€76,084 | +92.5% |
| Taxes, remuneration and social security | 45 | €93,009 | €109,436 | +€16,427 | +17.7% |
| Taxes | 450/3 | €41,144 | €34,674 | -€6,471 | -15.7% |
| Remuneration and social security | 454/9 | €51,865 | €74,763 | +€22,898 | +44.1% |
| Other amounts payable | 47/48 | €70,000 | - | -€70,000 | |
| Turnover | 70 | €1,357,727 | €1,312,424 | -€45,303 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,034,124 | €1,030,586 | -€3,539 | -0.3% |
| Remuneration, social security and pensions | 62 | €230,775 | €257,575 | +€26,800 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,983 | €12,107 | +€125 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,629 | +€11,629 | |
| Other operating charges | 640/8 | €3,348 | €1,752 | -€1,596 | -47.7% |
| Gross operating margin | 9900 | €323,602 | €281,839 | -€41,764 | -12.9% |
| Operating profit (loss) | 9901 | €77,497 | -€1,224 | -€78,721 | |
| Financial income | 75/76B | €291 | €59 | -€232 | -79.8% |
| Recurring financial income | 75 | €291 | €59 | -€232 | -79.8% |
| Financial charges | 65/66B | €1,918 | €7,168 | +€5,250 | +273.7% |
| Recurring financial charges | 65 | €1,918 | €7,168 | +€5,250 | +273.7% |
| Profit (loss) for the period before taxes | 9903 | €75,870 | -€8,333 | -€84,203 | |
| Income taxes | 67/77 | €5,467 | €250 | -€5,218 | -95.4% |
| Profit (loss) for the period | 9904 | €70,403 | -€8,582 | -€78,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,403 | -€8,582 | -€78,985 |
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 9 October 2026 via checked.be.