FRAN: what changed
Two fiscal 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.
FRAN
Largest movements
- Tangible fixed assets -€62,219
down €62,219 (-14.5%), from €430,441 to €368,221
- Cash -€9,263
down €9,263 (-23.0%), from €40,343 to €31,080
mainly Debts after one year (-€58,473) and Contributions, distributions and other (-€10,238)
- Debts after one year -€58,473
down €58,473 (-26.6%), from €220,224 to €161,750
- Investment grants -€10,238
down €10,238 (-20.0%), from €51,188 to €40,951
- Reserves +€8,315
up €8,315 (+10.9%), from €76,023 to €84,338
of which Distributable reserves: +€13,872
- Provisions -€7,249
down €7,249 (-20.0%), from €36,246 to €28,997
- Current portion of long-term debt -€5,074
down €5,074 (-8.0%), from €63,341 to €58,267
- Depreciation -€3,995
down €3,995 (-6.0%), from €66,215 to €62,219
- Financial charges -€2,930
down €2,930 (-19.6%), from €14,930 to €12,000
- Gross operating margin -€1,223
down €1,223 (-1.6%), from €77,501 to €76,278
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 | €474,079 | €401,326 | -€72,753 | -15.3% |
| Fixed assets | 21/28 | €430,441 | €368,221 | -€62,219 | -14.5% |
| Tangible fixed assets | 22/27 | €430,441 | €368,221 | -€62,219 | -14.5% |
| Land and buildings | 22 | €430,441 | €368,221 | -€62,219 | -14.5% |
| Current assets | 29/58 | €43,638 | €33,104 | -€10,534 | -24.1% |
| Amounts receivable within one year | 40/41 | €3,295 | €2,025 | -€1,270 | -38.6% |
| Trade receivables | 40 | €2,430 | €1,902 | -€528 | -21.7% |
| Other amounts receivable | 41 | €865 | €122 | -€743 | -85.9% |
| Cash at bank and in hand | 54/58 | €40,343 | €31,080 | -€9,263 | -23.0% |
| Total equity and liabilities | 10/49 | €474,079 | €401,326 | -€72,753 | -15.3% |
| Equity | 10/15 | €145,803 | €143,881 | -€1,923 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €76,023 | €84,338 | +€8,315 | +10.9% |
| Tax-exempt reserves | 132 | €27,788 | €22,230 | -€5,557 | -20.0% |
| Distributable reserves | 133 | €48,236 | €62,108 | +€13,872 | +28.8% |
| Investment grants | 15 | €51,188 | €40,951 | -€10,238 | -20.0% |
| Provisions and deferred taxes | 16 | €36,246 | €28,997 | -€7,249 | -20.0% |
| Deferred taxes | 168 | €36,246 | €28,997 | -€7,249 | -20.0% |
| Amounts payable | 17/49 | €292,029 | €228,448 | -€63,581 | -21.8% |
| Amounts payable after more than one year | 17 | €220,224 | €161,750 | -€58,473 | -26.6% |
| Financial debts | 170/4 | €220,224 | €161,750 | -€58,473 | -26.6% |
| Amounts payable within one year | 42/48 | €64,305 | €59,198 | -€5,108 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €63,341 | €58,267 | -€5,074 | -8.0% |
| Trade debts | 44 | €965 | €715 | -€249 | -25.9% |
| Suppliers | 440/4 | €965 | €715 | -€249 | -25.9% |
| Other amounts payable | 47/48 | - | €216 | +€216 | |
| Accrued charges and deferred income | 492/3 | €7,500 | €7,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,215 | €62,219 | -€3,995 | -6.0% |
| Other operating charges | 640/8 | €10,772 | €11,230 | +€458 | +4.3% |
| Gross operating margin | 9900 | €77,501 | €76,278 | -€1,223 | -1.6% |
| Operating profit (loss) | 9901 | €514 | €2,828 | +€2,314 | +450.3% |
| Financial income | 75/76B | €10,238 | €10,238 | -€0 | 0.0% |
| Recurring financial income | 75 | €10,238 | €10,238 | -€0 | 0.0% |
| Financial charges | 65/66B | €14,930 | €12,000 | -€2,930 | -19.6% |
| Recurring financial charges | 65 | €14,930 | €12,000 | -€2,930 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,178 | €1,066 | +€5,244 | |
| Transfer from deferred taxes | 780 | €7,249 | €7,249 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €3,071 | €8,315 | +€5,244 | +170.7% |
| Transfer from tax-exempt reserves | 789 | €5,557 | €5,557 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,629 | €13,872 | +€5,244 | +60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.