La Frat'rie: 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.
La Frat'rie
Largest movements
- Tangible fixed assets -€34,828
down €34,828 (-29.6%), from €117,493 to €82,665
- Cash +€26,725
up €26,725 (+38.9%), from €68,717 to €95,441
mainly Net result for the year (+€52,214) and Depreciation (+€50,367)
- Receivables within one year +€8,670
up €8,670 (+43.9%), from €19,754 to €28,424
- Other debts -€56,541
down €56,541 (-76.7%), from €73,762 to €17,221
- Profit (loss) carried forward +€52,214
up €52,214, from -€34,002 to €18,212
- Tax, wage and social debts +€24,592
up €24,592 (+74.9%), from €32,831 to €57,423
of which Remuneration and social security: +€16,791
- Debts after one year -€22,196
down €22,196 (-41.8%), from €53,158 to €30,962
- Current portion of long-term debt +€2,857
up €2,857 (+11.6%), from €24,700 to €27,557
- Gross operating margin +€92,576
up €92,576 (+23.5%), from €393,763 to €486,339
- Staff costs +€27,758
up €27,758 (+8.2%), from €336,994 to €364,752
- Depreciation +€8,540
up €8,540 (+20.4%), from €41,828 to €50,367
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 | €236,919 | €235,882 | -€1,037 | -0.4% |
| Fixed assets | 21/28 | €117,663 | €82,665 | -€34,998 | -29.7% |
| Tangible fixed assets | 22/27 | €117,493 | €82,665 | -€34,828 | -29.6% |
| Plant, machinery and equipment | 23 | €39,276 | €28,605 | -€10,670 | -27.2% |
| Furniture and vehicles | 24 | €24,640 | €21,676 | -€2,964 | -12.0% |
| Leasing and similar rights | 25 | €30,254 | €17,531 | -€12,723 | -42.1% |
| Other tangible fixed assets | 26 | €23,324 | €14,852 | -€8,471 | -36.3% |
| Financial fixed assets | 28 | €170 | - | -€170 | |
| Current assets | 29/58 | €119,256 | €153,217 | +€33,962 | +28.5% |
| Stocks and contracts in progress | 3 | €12,233 | €11,307 | -€925 | -7.6% |
| Stocks | 30/36 | €12,233 | €11,307 | -€925 | -7.6% |
| Amounts receivable within one year | 40/41 | €19,754 | €28,424 | +€8,670 | +43.9% |
| Trade receivables | 40 | €19,754 | €28,424 | +€8,670 | +43.9% |
| Cash at bank and in hand | 54/58 | €68,717 | €95,441 | +€26,725 | +38.9% |
| Deferred charges and accrued income | 490/1 | €18,552 | €18,045 | -€508 | -2.7% |
| Total equity and liabilities | 10/49 | €236,919 | €235,882 | -€1,037 | -0.4% |
| Equity | 10/15 | -€14,002 | €38,212 | +€52,214 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,002 | €18,212 | +€52,214 | |
| Amounts payable | 17/49 | €250,921 | €197,670 | -€53,251 | -21.2% |
| Amounts payable after more than one year | 17 | €53,158 | €30,962 | -€22,196 | -41.8% |
| Financial debts | 170/4 | €53,158 | €30,962 | -€22,196 | -41.8% |
| Amounts payable within one year | 42/48 | €197,108 | €165,429 | -€31,679 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €24,700 | €27,557 | +€2,857 | +11.6% |
| Trade debts | 44 | €65,357 | €63,227 | -€2,129 | -3.3% |
| Suppliers | 440/4 | €65,357 | €63,227 | -€2,129 | -3.3% |
| Advances received on contracts in progress | 46 | €457 | - | -€457 | |
| Taxes, remuneration and social security | 45 | €32,831 | €57,423 | +€24,592 | +74.9% |
| Taxes | 450/3 | €7,078 | €14,879 | +€7,801 | +110% |
| Remuneration and social security | 454/9 | €25,753 | €42,544 | +€16,791 | +65.2% |
| Other amounts payable | 47/48 | €73,762 | €17,221 | -€56,541 | -76.7% |
| Accrued charges and deferred income | 492/3 | €655 | €1,279 | +€624 | +95.2% |
| Remuneration, social security and pensions | 62 | €336,994 | €364,752 | +€27,758 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,828 | €50,367 | +€8,540 | +20.4% |
| Other operating charges | 640/8 | €1,849 | €5,956 | +€4,107 | +222% |
| Gross operating margin | 9900 | €393,763 | €486,339 | +€92,576 | +23.5% |
| Operating profit (loss) | 9901 | €13,092 | €65,263 | +€52,171 | +398% |
| Financial income | 75/76B | €22 | €28 | +€6 | +26.3% |
| Recurring financial income | 75 | €22 | €28 | +€6 | +26.3% |
| Financial charges | 65/66B | €8,442 | €9,711 | +€1,269 | +15.0% |
| Recurring financial charges | 65 | €8,442 | €9,711 | +€1,269 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €4,672 | €55,580 | +€50,908 | +1,090% |
| Income taxes | 67/77 | €128 | €3,365 | +€3,237 | +2,529% |
| Profit (loss) for the period | 9904 | €4,544 | €52,214 | +€47,670 | +1,049% |
| Profit (loss) for the period to be appropriated | 9905 | €4,544 | €52,214 | +€47,670 | +1,049% |
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 25 October 2026 via checked.be.