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FRUVAN: 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.

What changed

FRUVAN

BE 0448.790.591
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,222
2024 · €5,535-€313
Equity
€176,015
2024 · €233,492-€57,478
Cash
€21,638
2024 · €84,850-€63,213
Balance sheet total
€183,121
2024 · €240,072-€56,951

Largest movements

2024 to 2025
Assets
  • Cash -€63,213

    down €63,213 (-74.5%), from €84,850 to €21,638

    mainly Contributions, distributions and other (-€62,700) and Investment in fixed assets (net) (-€6,808)

  • Tangible fixed assets +€6,261

    up €6,261 (+4.0%), from €155,222 to €161,484

Equity and liabilities
  • Contributions -€41,471

    down €41,471 (-50.6%), from €81,900 to €40,429

  • Reserves -€16,007

    down €16,007 (-38.2%), from €41,925 to €25,918

Income statement
  • Other operating charges +€820

    up €820 (+64.2%), from €1,277 to €2,097

  • Taxes -€459

    down €459 (-16.0%), from €2,863 to €2,404

  • Depreciation +€325

    up €325 (+146.2%), from €222 to €547

  • Financial income +€321

    up €321 (+360.3%), from €89 to €411

  • Gross operating margin +€177

    up €177 (+1.8%), from €9,862 to €10,039

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €5,535
Gross operating margin +€177
Depreciation -€325
Other operating charges -€820
Financial income +€321
Financial charges -€125
Taxes +€459
Result 2025 €5,222

Cash bridge derived

cash 2024 to 2025

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.

From operations +€6,296
Investment -€6,808
Financing -€62,700
Cash 2024 €84,850
Net result for the year +€5,222
Depreciation +€547
Smaller working-capital items -€30
Tax, wage and social debts +€557
Investment in fixed assets (net) -€6,808
Contributions, distributions and other -€62,700
Cash 2025 €21,638
Every line side by side 33 lines
Line Code 2024 2025 Change %
Total assets 20/58 €240,072 €183,121 -€56,951 -23.7%
Fixed assets 21/28 €155,222 €161,484 +€6,261 +4.0%
Tangible fixed assets 22/27 €155,222 €161,484 +€6,261 +4.0%
Land and buildings 22 €155,222 €161,484 +€6,261 +4.0%
Current assets 29/58 €84,850 €21,638 -€63,213 -74.5%
Cash at bank and in hand 54/58 €84,850 €21,638 -€63,213 -74.5%
Total equity and liabilities 10/49 €240,072 €183,121 -€56,951 -23.7%
Equity 10/15 €233,492 €176,015 -€57,478 -24.6%
Contributions 10/11 €81,900 €40,429 -€41,471 -50.6%
Revaluation surpluses 12 €109,667 €109,667 = 0.0%
Reserves 13 €41,925 €25,918 -€16,007 -38.2%
Distributable reserves 133 €41,925 €25,918 -€16,007 -38.2%
Profit (loss) carried forward 14 - €0 =
Amounts payable 17/49 €6,580 €7,107 +€527 +8.0%
Amounts payable within one year 42/48 €5,940 €6,435 +€495 +8.3%
Trade debts 44 €62 €0 -€62 -100.0%
Suppliers 440/4 €62 €0 -€62 -100.0%
Taxes, remuneration and social security 45 €4,676 €5,232 +€557 +11.9%
Taxes 450/3 €4,676 €5,232 +€557 +11.9%
Other amounts payable 47/48 €1,203 €1,203 = 0.0%
Accrued charges and deferred income 492/3 €640 €672 +€32 +5.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €222 €547 +€325 +146.2%
Other operating charges 640/8 €1,277 €2,097 +€820 +64.2%
Gross operating margin 9900 €9,862 €10,039 +€177 +1.8%
Operating profit (loss) 9901 €8,363 €7,395 -€968 -11.6%
Financial income 75/76B €89 €411 +€321 +360.3%
Recurring financial income 75 €89 €411 +€321 +360.3%
Financial charges 65/66B €55 €180 +€125 +227.7%
Recurring financial charges 65 €55 €180 +€125 +227.7%
Profit (loss) for the period before taxes 9903 €8,398 €7,626 -€772 -9.2%
Income taxes 67/77 €2,863 €2,404 -€459 -16.0%
Profit (loss) for the period 9904 €5,535 €5,222 -€313 -5.6%
Profit (loss) for the period to be appropriated 9905 €5,535 €5,222 -€313 -5.6%

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 28 September 2026 via checked.be.