D-FRAN: 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.
D-FRAN
Largest movements
- Cash +€184,778
up €184,778 (+65.2%), from €283,570 to €468,348
mainly Trade debts (+€126,643) and Net result for the year (+€75,481)
- Tangible fixed assets +€66,310
up €66,310 (+81.7%), from €81,139 to €147,449
of which Plant, machinery and equipment: +€98,266
- Stocks and contracts -€34,826
down €34,826 (-11.1%), from €314,175 to €279,349
- Trade debts +€126,643
up €126,643 (+36.8%), from €344,489 to €471,133
- Reserves +€75,481
up €75,481 (+54.5%), from €138,537 to €214,018
of which Distributable reserves: +€75,481
- Debts after one year +€13,524
new in 2025: €13,524
- Staff costs +€27,715
up €27,715 (+15.0%), from €184,581 to €212,296
- Gross operating margin -€19,280
down €19,280 (-4.8%), from €405,723 to €386,443
- Taxes -€12,569
down €12,569 (-33.9%), from €37,088 to €24,519
- Other operating charges -€7,079
down €7,079 (-80.3%), from €8,820 to €1,741
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 | €713,635 | €927,651 | +€214,016 | +30.0% |
| Fixed assets | 21/28 | €81,502 | €147,812 | +€66,310 | +81.4% |
| Tangible fixed assets | 22/27 | €81,139 | €147,449 | +€66,310 | +81.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €24,363 | €122,630 | +€98,266 | +403% |
| Furniture and vehicles | 24 | €97 | €20,162 | +€20,066 | +20,701% |
| Other tangible fixed assets | 26 | €56,678 | €4,657 | -€52,021 | -91.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €632,133 | €779,839 | +€147,706 | +23.4% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €314,175 | €279,349 | -€34,826 | -11.1% |
| Stocks | 30/36 | €314,175 | €279,349 | -€34,826 | -11.1% |
| Amounts receivable within one year | 40/41 | €29,254 | €27,142 | -€2,113 | -7.2% |
| Trade receivables | 40 | €23,986 | €709 | -€23,276 | -97.0% |
| Other amounts receivable | 41 | €5,269 | €26,432 | +€21,164 | +402% |
| Cash at bank and in hand | 54/58 | €283,570 | €468,348 | +€184,778 | +65.2% |
| Deferred charges and accrued income | 490/1 | €134 | €0 | -€134 | -100% |
| Total equity and liabilities | 10/49 | €713,635 | €927,651 | +€214,016 | +30.0% |
| Equity | 10/15 | €313,537 | €389,018 | +€75,481 | +24.1% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €138,537 | €214,018 | +€75,481 | +54.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €138,537 | €214,018 | +€75,481 | +54.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €400,098 | €538,633 | +€138,535 | +34.6% |
| Amounts payable after more than one year | 17 | - | €13,524 | +€13,524 | |
| Financial debts | 170/4 | - | €13,524 | +€13,524 | |
| Amounts payable within one year | 42/48 | €385,447 | €517,657 | +€132,211 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,776 | +€3,776 | |
| Trade debts | 44 | €344,489 | €471,133 | +€126,643 | +36.8% |
| Suppliers | 440/4 | €344,489 | €471,133 | +€126,643 | +36.8% |
| Taxes, remuneration and social security | 45 | €39,773 | €41,564 | +€1,791 | +4.5% |
| Taxes | 450/3 | €7,088 | €1,519 | -€5,569 | -78.6% |
| Remuneration and social security | 454/9 | €32,685 | €40,045 | +€7,360 | +22.5% |
| Other amounts payable | 47/48 | €1,185 | €1,185 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €14,651 | €7,451 | -€7,200 | -49.1% |
| Remuneration, social security and pensions | 62 | €184,581 | €212,296 | +€27,715 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,108 | €63,222 | +€2,114 | +3.5% |
| Other operating charges | 640/8 | €8,820 | €1,741 | -€7,079 | -80.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €405,723 | €386,443 | -€19,280 | -4.8% |
| Operating profit (loss) | 9901 | €151,215 | €109,184 | -€42,031 | -27.8% |
| Financial income | 75/76B | €147 | €118 | -€30 | -20.2% |
| Recurring financial income | 75 | €147 | €118 | -€30 | -20.2% |
| Financial charges | 65/66B | €8,234 | €9,302 | +€1,068 | +13.0% |
| Recurring financial charges | 65 | €8,234 | €9,302 | +€1,068 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €143,128 | €100,000 | -€43,128 | -30.1% |
| Income taxes | 67/77 | €37,088 | €24,519 | -€12,569 | -33.9% |
| Profit (loss) for the period | 9904 | €106,040 | €75,481 | -€30,560 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,040 | €75,481 | -€30,560 | -28.8% |
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 19 October 2026 via checked.be.