ROBERTO FRADERA: 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.
ROBERTO FRADERA
Largest movements
- Receivables within one year +€28,503
up €28,503 (+328.7%), from €8,672 to €37,176
of which Other amounts receivable: +€24,309
- Cash -€5,683
down €5,683 (-10.9%), from €51,958 to €46,274
mainly Receivables within one year (-€28,503) and Investment in fixed assets (net) (-€450)
- Tangible fixed assets -€3,316
down €3,316 (-18.4%), from €18,016 to €14,700
of which Other tangible fixed assets: -€3,714
- Reserves +€11,856
up €11,856 (+17.0%), from €69,697 to €81,553
of which Non-distributable reserves: +€81,553
- Current portion of long-term debt +€4,354
up €4,354 (+108.8%), from €4,000 to €8,354
- Trade debts +€2,262
up €2,262 (+272.3%), from €831 to €3,093
- Tax, wage and social debts +€1,186
up €1,186 (+23.7%), from €5,005 to €6,191
- Gross operating margin -€3,539
down €3,539 (-13.4%), from €26,381 to €22,842
- Taxes -€1,334
down €1,334 (-14.8%), from €9,005 to €7,672
- Financial income +€820
up €820 (+9101.4%), from €9 to €829
- Depreciation -€576
down €576 (-13.3%), from €4,342 to €3,766
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.
Cash bridge derived
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 | €79,533 | €99,191 | +€19,658 | +24.7% |
| Fixed assets | 21/28 | €18,016 | €14,700 | -€3,316 | -18.4% |
| Tangible fixed assets | 22/27 | €18,016 | €14,700 | -€3,316 | -18.4% |
| Furniture and vehicles | 24 | - | €398 | +€398 | |
| Other tangible fixed assets | 26 | €18,016 | €14,302 | -€3,714 | -20.6% |
| Current assets | 29/58 | €61,517 | €84,491 | +€22,974 | +37.3% |
| Amounts receivable within one year | 40/41 | €8,672 | €37,176 | +€28,503 | +328.7% |
| Trade receivables | 40 | €1,680 | €5,875 | +€4,195 | +249.7% |
| Other amounts receivable | 41 | €6,992 | €31,301 | +€24,309 | +347.7% |
| Cash at bank and in hand | 54/58 | €51,958 | €46,274 | -€5,683 | -10.9% |
| Deferred charges and accrued income | 490/1 | €887 | €1,041 | +€154 | +17.3% |
| Total equity and liabilities | 10/49 | €79,533 | €99,191 | +€19,658 | +24.7% |
| Equity | 10/15 | €69,697 | €81,553 | +€11,856 | +17.0% |
| Reserves | 13 | €69,697 | €81,553 | +€11,856 | +17.0% |
| Non-distributable reserves | 130/1 | - | €81,553 | +€81,553 | |
| Other | 1319 | - | €81,553 | +€81,553 | |
| Distributable reserves | 133 | €69,697 | - | -€69,697 | |
| Amounts payable | 17/49 | €9,836 | €17,638 | +€7,802 | +79.3% |
| Amounts payable within one year | 42/48 | €9,836 | €17,638 | +€7,802 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €8,354 | +€4,354 | +108.8% |
| Trade debts | 44 | €831 | €3,093 | +€2,262 | +272.3% |
| Suppliers | 440/4 | €831 | €3,093 | +€2,262 | +272.3% |
| Taxes, remuneration and social security | 45 | €5,005 | €6,191 | +€1,186 | +23.7% |
| Taxes | 450/3 | €5,005 | €6,191 | +€1,186 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,342 | €3,766 | -€576 | -13.3% |
| Other operating charges | 640/8 | €168 | €168 | = | 0.0% |
| Gross operating margin | 9900 | €26,381 | €22,842 | -€3,539 | -13.4% |
| Operating profit (loss) | 9901 | €21,871 | €18,908 | -€2,963 | -13.5% |
| Financial income | 75/76B | €9 | €829 | +€820 | +9101.4% |
| Recurring financial income | 75 | €9 | €829 | +€820 | +9101.4% |
| Financial charges | 65/66B | €300 | €209 | -€90 | -30.2% |
| Recurring financial charges | 65 | €284 | €201 | -€83 | -29.1% |
| Non-recurring financial charges | 66B | €16 | €8 | -€8 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €21,580 | €19,528 | -€2,052 | -9.5% |
| Income taxes | 67/77 | €9,005 | €7,672 | -€1,334 | -14.8% |
| Profit (loss) for the period | 9904 | €12,575 | €11,856 | -€719 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,575 | €11,856 | -€719 | -5.7% |
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 11 October 2026 via checked.be.