FRADIS: 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.
FRADIS
Largest movements
- Stocks and contracts +€30,809
up €30,809 (+14.2%), from €216,230 to €247,039
- Cash +€21,371
up €21,371 (+54.8%), from €38,968 to €60,339
mainly Trade debts (+€210,008) and Receivables within one year (+€13,292)
- Receivables within one year -€13,292
down €13,292 (-36.1%), from €36,849 to €23,557
of which Other amounts receivable: -€11,731
- Trade debts +€210,008
up €210,008 (+36.9%), from €568,804 to €778,812
- Profit (loss) carried forward -€174,494
down €174,494 (-54.6%), from -€319,681 to -€494,175
- Staff costs -€11,669
down €11,669 (-4.0%), from €291,584 to €279,915
- Gross operating margin +€6,113
up €6,113 (+4.8%), from €127,127 to €133,240
- Financial charges +€5,325
up €5,325 (+29.7%), from €17,902 to €23,227
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 | €314,337 | €350,322 | +€35,985 | +11.4% |
| Formation expenses | 20 | €2,299 | €2,032 | -€267 | -11.6% |
| Fixed assets | 21/28 | €12,471 | €11,331 | -€1,140 | -9.1% |
| Tangible fixed assets | 22/27 | €12,471 | €11,331 | -€1,140 | -9.1% |
| Plant, machinery and equipment | 23 | €8,628 | €8,594 | -€34 | -0.4% |
| Furniture and vehicles | 24 | €3,843 | €2,737 | -€1,106 | -28.8% |
| Current assets | 29/58 | €299,567 | €336,959 | +€37,392 | +12.5% |
| Stocks and contracts in progress | 3 | €216,230 | €247,039 | +€30,809 | +14.2% |
| Stocks | 30/36 | €216,230 | €247,039 | +€30,809 | +14.2% |
| Amounts receivable within one year | 40/41 | €36,849 | €23,557 | -€13,292 | -36.1% |
| Trade receivables | 40 | €16,151 | €14,590 | -€1,561 | -9.7% |
| Other amounts receivable | 41 | €20,698 | €8,967 | -€11,731 | -56.7% |
| Cash at bank and in hand | 54/58 | €38,968 | €60,339 | +€21,371 | +54.8% |
| Deferred charges and accrued income | 490/1 | €7,520 | €6,024 | -€1,496 | -19.9% |
| Total equity and liabilities | 10/49 | €314,337 | €350,322 | +€35,985 | +11.4% |
| Equity | 10/15 | -€279,681 | -€454,175 | -€174,494 | -62.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €40,000 | +€40,000 | |
| Share premium | 1100/10 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | -€319,681 | -€494,175 | -€174,494 | -54.6% |
| Amounts payable | 17/49 | €594,018 | €804,496 | +€210,478 | +35.4% |
| Amounts payable within one year | 42/48 | €593,730 | €804,196 | +€210,466 | +35.4% |
| Trade debts | 44 | €568,804 | €778,812 | +€210,008 | +36.9% |
| Suppliers | 440/4 | €568,804 | €778,812 | +€210,008 | +36.9% |
| Taxes, remuneration and social security | 45 | €10,598 | €10,214 | -€384 | -3.6% |
| Remuneration and social security | 454/9 | €10,598 | €10,214 | -€384 | -3.6% |
| Other amounts payable | 47/48 | €14,328 | €15,170 | +€842 | +5.9% |
| Accrued charges and deferred income | 492/3 | €288 | €300 | +€12 | +4.1% |
| Remuneration, social security and pensions | 62 | €291,584 | €279,915 | -€11,669 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,285 | €3,726 | +€441 | +13.4% |
| Other operating charges | 640/8 | €830 | €1,016 | +€186 | +22.4% |
| Non-recurring operating charges | 66A | €22,936 | - | -€22,936 | |
| Gross operating margin | 9900 | €127,127 | €133,240 | +€6,113 | +4.8% |
| Operating profit (loss) | 9901 | -€191,508 | -€151,417 | +€40,091 | +20.9% |
| Financial income | 75/76B | €122 | €151 | +€29 | +23.5% |
| Recurring financial income | 75 | €122 | €151 | +€29 | +23.5% |
| Financial charges | 65/66B | €17,902 | €23,227 | +€5,325 | +29.7% |
| Recurring financial charges | 65 | €17,902 | €23,227 | +€5,325 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€209,288 | -€174,493 | +€34,795 | +16.6% |
| Profit (loss) for the period | 9904 | -€209,288 | -€174,493 | +€34,795 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,288 | -€174,493 | +€34,795 | +16.6% |
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 25 October 2026 via checked.be.