FRABEL: 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.
FRABEL
Largest movements
- Tangible fixed assets +€63,689
up €63,689 (+5,893%), from €1,081 to €64,770
of which Leasing and similar rights: +€64,299
- Receivables within one year +€54,000
new in 2025: €54,000
- Cash +€32,136
up €32,136 (+266%), from €12,093 to €44,228
mainly Debts after one year (+€74,608) and Trade debts (+€25,506)
- Stocks and contracts -€3,649
down €3,649 (-4.3%), from €84,996 to €81,347
- Debts after one year +€74,608
new in 2025: €74,608
- Trade debts +€25,506
up €25,506 (+2,834%), from €900 to €26,406
- Profit (loss) carried forward +€19,520
up €19,520 (+267%), from €7,298 to €26,817
- Tax, wage and social debts +€12,954
up €12,954 (+39.8%), from €32,525 to €45,479
of which Taxes: +€14,133
- Current portion of long-term debt +€10,661
new in 2025: €10,661
- Turnover +€171,599
up €171,599 (+21.5%), from €797,900 to €969,499
- Purchases and services +€128,616
up €128,616 (+17.0%), from €755,666 to €884,281
- Gross operating margin +€59,410
up €59,410 (+127%), from €46,933 to €106,343
- Depreciation +€16,424
up €16,424 (+5,385%), from €305 to €16,729
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 | €99,140 | €245,315 | +€146,176 | +147% |
| Fixed assets | 21/28 | €2,051 | €65,740 | +€63,689 | +3,106% |
| Tangible fixed assets | 22/27 | €1,081 | €64,770 | +€63,689 | +5,893% |
| Plant, machinery and equipment | 23 | €1,081 | €471 | -€610 | -56.4% |
| Leasing and similar rights | 25 | - | €64,299 | +€64,299 | |
| Financial fixed assets | 28 | €970 | €970 | = | 0.0% |
| Current assets | 29/58 | €97,089 | €179,576 | +€82,487 | +85.0% |
| Stocks and contracts in progress | 3 | €84,996 | €81,347 | -€3,649 | -4.3% |
| Stocks | 30/36 | €84,996 | €81,347 | -€3,649 | -4.3% |
| Amounts receivable within one year | 40/41 | - | €54,000 | +€54,000 | |
| Other amounts receivable | 41 | - | €54,000 | +€54,000 | |
| Cash at bank and in hand | 54/58 | €12,093 | €44,228 | +€32,136 | +266% |
| Total equity and liabilities | 10/49 | €99,140 | €245,315 | +€146,176 | +147% |
| Equity | 10/15 | €58,319 | €77,839 | +€19,520 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,421 | €32,421 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,561 | €30,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,298 | €26,817 | +€19,520 | +267% |
| Amounts payable | 17/49 | €40,820 | €167,477 | +€126,656 | +310% |
| Amounts payable after more than one year | 17 | - | €74,608 | +€74,608 | |
| Financial debts | 170/4 | - | €74,608 | +€74,608 | |
| Amounts payable within one year | 42/48 | €40,820 | €92,869 | +€52,049 | +128% |
| Current portion of amounts payable after more than one year | 42 | - | €10,661 | +€10,661 | |
| Financial debts | 43 | - | €7,304 | +€7,304 | |
| Credit institutions | 430/8 | - | €7,304 | +€7,304 | |
| Trade debts | 44 | €900 | €26,406 | +€25,506 | +2,834% |
| Suppliers | 440/4 | €900 | €26,406 | +€25,506 | +2,834% |
| Taxes, remuneration and social security | 45 | €32,525 | €45,479 | +€12,954 | +39.8% |
| Taxes | 450/3 | €21,652 | €35,784 | +€14,133 | +65.3% |
| Remuneration and social security | 454/9 | €10,873 | €9,694 | -€1,179 | -10.8% |
| Other amounts payable | 47/48 | €7,396 | €3,020 | -€4,376 | -59.2% |
| Turnover | 70 | €797,900 | €969,499 | +€171,599 | +21.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €755,666 | €884,281 | +€128,616 | +17.0% |
| Remuneration, social security and pensions | 62 | €32,410 | €33,471 | +€1,060 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €16,729 | +€16,424 | +5,385% |
| Other operating charges | 640/8 | €437 | €7,562 | +€7,125 | +1,629% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €46,933 | €106,343 | +€59,410 | +127% |
| Operating profit (loss) | 9901 | €13,780 | €48,181 | +€34,400 | +250% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €10,580 | €19,171 | +€8,590 | +81.2% |
| Recurring financial charges | 65 | €10,580 | €19,171 | +€8,590 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €3,200 | €29,011 | +€25,811 | +807% |
| Income taxes | 67/77 | €960 | €9,492 | +€8,532 | +889% |
| Profit (loss) for the period | 9904 | €2,241 | €19,520 | +€17,279 | +771% |
| Profit (loss) for the period to be appropriated | 9905 | €2,241 | €19,520 | +€17,279 | +771% |
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 23 October 2026 via checked.be.