LE FRA: 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.
LE FRA
Largest movements
- Cash +€12,673
up €12,673 (+67.9%), from €18,654 to €31,327
mainly Net result for the year (+€6,420) and Other debts (+€2,338)
- Receivables within one year -€1,728
down €1,728 (-35.2%), from €4,909 to €3,181
of which Other amounts receivable: -€1,935
- Deferred charges and accrued income -€1,434
down €1,434 (-28.5%), from €5,037 to €3,603
- Tangible fixed assets -€727
down €727 (-11.5%), from €6,322 to €5,596
of which Plant, machinery and equipment: -€704
- Profit (loss) carried forward +€6,420
up €6,420 (+189%), from €3,402 to €9,822
- Other debts +€2,338
up €2,338 (+9.7%), from €24,212 to €26,550
- Tax, wage and social debts +€627
up €627 (+66.7%), from €940 to €1,567
- Trade debts -€600
down €600 (-43.9%), from €1,368 to €767
- Gross operating margin -€1,079
down €1,079 (-6.1%), from €17,655 to €16,576
- Taxes +€964
up €964 (+49.7%), from €1,940 to €2,904
- Financial charges +€915
up €915 (+22.1%), from €4,144 to €5,059
- Depreciation +€184
up €184 (+19.5%), from €939 to €1,123
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 | €34,922 | €43,706 | +€8,784 | +25.2% |
| Fixed assets | 21/28 | €6,322 | €5,596 | -€727 | -11.5% |
| Tangible fixed assets | 22/27 | €6,322 | €5,596 | -€727 | -11.5% |
| Plant, machinery and equipment | 23 | €5,076 | €4,372 | -€704 | -13.9% |
| Furniture and vehicles | 24 | €1,246 | €1,223 | -€23 | -1.8% |
| Current assets | 29/58 | €28,600 | €38,111 | +€9,511 | +33.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,909 | €3,181 | -€1,728 | -35.2% |
| Trade receivables | 40 | €393 | €600 | +€207 | +52.7% |
| Other amounts receivable | 41 | €4,516 | €2,581 | -€1,935 | -42.9% |
| Cash at bank and in hand | 54/58 | €18,654 | €31,327 | +€12,673 | +67.9% |
| Deferred charges and accrued income | 490/1 | €5,037 | €3,603 | -€1,434 | -28.5% |
| Total equity and liabilities | 10/49 | €34,922 | €43,706 | +€8,784 | +25.2% |
| Equity | 10/15 | €8,402 | €14,822 | +€6,420 | +76.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,402 | €9,822 | +€6,420 | +189% |
| Amounts payable | 17/49 | €26,520 | €28,884 | +€2,364 | +8.9% |
| Amounts payable within one year | 42/48 | €26,520 | €28,884 | +€2,364 | +8.9% |
| Trade debts | 44 | €1,368 | €767 | -€600 | -43.9% |
| Suppliers | 440/4 | €1,368 | €767 | -€600 | -43.9% |
| Taxes, remuneration and social security | 45 | €940 | €1,567 | +€627 | +66.7% |
| Taxes | 450/3 | €940 | €1,567 | +€627 | +66.7% |
| Other amounts payable | 47/48 | €24,212 | €26,550 | +€2,338 | +9.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939 | €1,123 | +€184 | +19.5% |
| Other operating charges | 640/8 | €917 | €1,070 | +€153 | +16.7% |
| Gross operating margin | 9900 | €17,655 | €16,576 | -€1,079 | -6.1% |
| Operating profit (loss) | 9901 | €15,799 | €14,383 | -€1,415 | -9.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,144 | €5,059 | +€915 | +22.1% |
| Recurring financial charges | 65 | €4,144 | €5,059 | +€915 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €11,655 | €9,324 | -€2,331 | -20.0% |
| Income taxes | 67/77 | €1,940 | €2,904 | +€964 | +49.7% |
| Profit (loss) for the period | 9904 | €9,715 | €6,420 | -€3,295 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,715 | €6,420 | -€3,295 | -33.9% |
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 24 October 2026 via checked.be.