FRUNZA CONSTRUCT: 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.
FRUNZA CONSTRUCT
Largest movements
- Receivables within one year +€779,523
up €779,523 (+96.1%), from €810,811 to €1.6m
of which Trade receivables: +€923,933
- Stocks and contracts +€60,000
new in 2023: €60,000
- Cash +€20,107
up €20,107 (+341.6%), from €5,886 to €25,993
mainly Tax, wage and social debts (+€846,483) and Accrued charges and deferred income (+€99,387)
- Tax, wage and social debts +€846,483
up €846,483 (+1149.2%), from €73,658 to €920,141
- Trade debts -€148,787
down €148,787 (-57.1%), from €260,679 to €111,892
- Accrued charges and deferred income +€99,387
new in 2023: €99,387
- Other debts +€62,277
up €62,277 (+2224.2%), from €2,800 to €65,077
- Profit (loss) carried forward +€30,499
up €30,499 (+5.6%), from €541,603 to €572,102
- Gross operating margin -€222,249
down €222,249 (-80.9%), from €274,594 to €52,345
- Taxes -€62,441
down €62,441 (-84.8%), from €73,674 to €11,233
- Depreciation -€39,788
down €39,788 (-99.0%), from €40,194 to €406
- Financial income -€5,655
no longer reported in 2023 (was €5,655)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,145 | €1,791,185 | +€873,040 | +95.1% |
| Fixed assets | 21/28 | €101,448 | €114,858 | +€13,410 | +13.2% |
| Tangible fixed assets | 22/27 | €97,648 | €111,058 | +€13,410 | +13.7% |
| Plant, machinery and equipment | 23 | €791 | €5,135 | +€4,344 | +549.3% |
| Furniture and vehicles | 24 | €96,857 | €105,923 | +€9,066 | +9.4% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €816,697 | €1,676,327 | +€859,630 | +105.3% |
| Stocks and contracts in progress | 3 | - | €60,000 | +€60,000 | |
| Contracts in progress | 37 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €810,811 | €1,590,334 | +€779,523 | +96.1% |
| Trade receivables | 40 | €665,967 | €1,589,900 | +€923,933 | +138.7% |
| Other amounts receivable | 41 | €144,843 | €434 | -€144,409 | -99.7% |
| Cash at bank and in hand | 54/58 | €5,886 | €25,993 | +€20,107 | +341.6% |
| Total equity and liabilities | 10/49 | €918,145 | €1,791,185 | +€873,040 | +95.1% |
| Equity | 10/15 | €555,663 | €586,162 | +€30,499 | +5.5% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €541,603 | €572,102 | +€30,499 | +5.6% |
| Amounts payable | 17/49 | €362,482 | €1,205,023 | +€842,541 | +232.4% |
| Amounts payable after more than one year | 17 | €8,526 | - | -€8,526 | |
| Financial debts | 170/4 | €8,526 | - | -€8,526 | |
| Amounts payable within one year | 42/48 | €353,956 | €1,105,636 | +€751,680 | +212.4% |
| Current portion of amounts payable after more than one year | 42 | €16,819 | €8,526 | -€8,293 | -49.3% |
| Trade debts | 44 | €260,679 | €111,892 | -€148,787 | -57.1% |
| Suppliers | 440/4 | €260,679 | €111,892 | -€148,787 | -57.1% |
| Taxes, remuneration and social security | 45 | €73,658 | €920,141 | +€846,483 | +1149.2% |
| Taxes | 450/3 | €73,658 | €920,141 | +€846,483 | +1149.2% |
| Other amounts payable | 47/48 | €2,800 | €65,077 | +€62,277 | +2224.2% |
| Accrued charges and deferred income | 492/3 | - | €99,387 | +€99,387 | |
| Remuneration, social security and pensions | 62 | €1,170 | €507 | -€663 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,194 | €406 | -€39,788 | -99.0% |
| Other operating charges | 640/8 | €4,254 | €2,600 | -€1,654 | -38.9% |
| Gross operating margin | 9900 | €274,594 | €52,345 | -€222,249 | -80.9% |
| Operating profit (loss) | 9901 | €228,975 | €48,832 | -€180,143 | -78.7% |
| Financial income | 75/76B | €5,655 | - | -€5,655 | |
| Recurring financial income | 75 | €5,655 | - | -€5,655 | |
| Financial charges | 65/66B | €5,718 | €7,099 | +€1,381 | +24.2% |
| Recurring financial charges | 65 | €1,337 | €7,099 | +€5,762 | +430.8% |
| Non-recurring financial charges | 66B | €4,380 | - | -€4,380 | |
| Profit (loss) for the period before taxes | 9903 | €228,912 | €41,733 | -€187,179 | -81.8% |
| Income taxes | 67/77 | €73,674 | €11,233 | -€62,441 | -84.8% |
| Profit (loss) for the period | 9904 | €155,238 | €30,500 | -€124,738 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €155,238 | €30,500 | -€124,738 | -80.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.