IMMO FRASNES: 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.
IMMO FRASNES
Largest movements
- Stocks and contracts +€4.7m
up €4.7m (+129%), from €3.6m to €8.3m
- Cash +€695,856
up €695,856 (+11,155%), from €6,238 to €702,094
mainly Advances received (+€5.0m) and Short-term financial debts (+€904,017)
- Receivables within one year +€375,599
up €375,599 (+99.7%), from €376,752 to €752,351
of which Trade receivables: +€592,926
- Advances received +€5.0m
up €5.0m (+2,034%), from €246,500 to €5.3m
- Short-term financial debts +€904,017
up €904,017 (+110%), from €824,627 to €1.7m
- Trade debts -€563,802
down €563,802 (-86.0%), from €655,414 to €91,611
- Other debts +€363,008
up €363,008 (+15.7%), from €2.3m to €2.7m
- Gross operating margin +€42,112
up €42,112, from -€26,230 to €15,881
- Financial income +€31,770
up €31,770, from €0 to €31,770
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 | €4,024,462 | €9,784,952 | +€5.8m | +143% |
| Current assets | 29/58 | €4,024,462 | €9,784,952 | +€5.8m | +143% |
| Stocks and contracts in progress | 3 | €3,641,472 | €8,330,507 | +€4.7m | +129% |
| Stocks | 30/36 | €3,641,472 | €8,330,507 | +€4.7m | +129% |
| Amounts receivable within one year | 40/41 | €376,752 | €752,351 | +€375,599 | +99.7% |
| Trade receivables | 40 | €112,279 | €705,205 | +€592,926 | +528% |
| Other amounts receivable | 41 | €264,473 | €47,146 | -€217,327 | -82.2% |
| Cash at bank and in hand | 54/58 | €6,238 | €702,094 | +€695,856 | +11,155% |
| Total equity and liabilities | 10/49 | €4,024,462 | €9,784,952 | +€5.8m | +143% |
| Equity | 10/15 | -€19,609 | €24,226 | +€43,835 | |
| Contributions | 10/11 | €562,000 | €562,000 | = | 0.0% |
| Capital | 10 | €562,000 | €0 | -€562,000 | -100% |
| Issued capital | 100 | €562,000 | €0 | -€562,000 | -100% |
| Contributions outside capital | 11 | - | €562,000 | +€562,000 | |
| Other | 1109/19 | - | €562,000 | +€562,000 | |
| Profit (loss) carried forward | 14 | -€581,609 | -€537,774 | +€43,835 | +7.5% |
| Amounts payable | 17/49 | €4,044,070 | €9,760,726 | +€5.7m | +141% |
| Amounts payable within one year | 42/48 | €4,044,070 | €9,760,726 | +€5.7m | +141% |
| Financial debts | 43 | €824,627 | €1,728,644 | +€904,017 | +110% |
| Credit institutions | 430/8 | €824,627 | €1,728,644 | +€904,017 | +110% |
| Trade debts | 44 | €655,414 | €91,611 | -€563,802 | -86.0% |
| Suppliers | 440/4 | €655,414 | €91,611 | -€563,802 | -86.0% |
| Advances received on contracts in progress | 46 | €246,500 | €5,259,933 | +€5.0m | +2,034% |
| Other amounts payable | 47/48 | €2,317,530 | €2,680,537 | +€363,008 | +15.7% |
| Other operating charges | 640/8 | €1,022 | €1,230 | +€207 | +20.3% |
| Gross operating margin | 9900 | -€26,230 | €15,881 | +€42,112 | |
| Operating profit (loss) | 9901 | -€27,252 | €14,652 | +€41,904 | |
| Financial income | 75/76B | €0 | €31,770 | +€31,770 | |
| Recurring financial income | 75 | €0 | €31,770 | +€31,770 | |
| Financial charges | 65/66B | €2,638 | €2,587 | -€51 | -1.9% |
| Recurring financial charges | 65 | €2,638 | €2,587 | -€51 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,891 | €43,835 | +€73,726 | |
| Profit (loss) for the period | 9904 | -€29,891 | €43,835 | +€73,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,891 | €43,835 | +€73,726 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.