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
- Cash +€233,227
up €233,227 (+404.7%), from €57,632 to €290,859
mainly Net result for the year (+€155,964) and Depreciation (+€105,815)
- Tangible fixed assets -€104,306
down €104,306 (-15.7%), from €665,918 to €561,612
of which Land and buildings: -€79,958
- Reserves +€160,680
up €160,680 (+41.7%), from €385,235 to €545,915
- Tax, wage and social debts -€61,736
no longer reported in 2025 (was €61,736)
- Other debts +€59,365
up €59,365 (+54.3%), from €109,248 to €168,613
- Debts after one year -€24,085
down €24,085 (-13.3%), from €181,047 to €156,962
- Gross operating margin +€35,682
up €35,682 (+12.4%), from €288,425 to €324,107
- Depreciation +€35,006
up €35,006 (+49.4%), from €70,809 to €105,815
- Financial income +€10,292
new in 2025: €10,292
of which Financial income: +€7,327
- Staff costs -€7,298
no longer reported in 2025 (was €7,298)
- Taxes +€5,618
up €5,618 (+9.0%), from €62,186 to €67,804
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 | €802,500 | €929,819 | +€127,319 | +15.9% |
| Fixed assets | 21/28 | €665,918 | €561,612 | -€104,306 | -15.7% |
| Tangible fixed assets | 22/27 | €665,918 | €561,612 | -€104,306 | -15.7% |
| Land and buildings | 22 | €539,033 | €459,075 | -€79,958 | -14.8% |
| Furniture and vehicles | 24 | €126,885 | €102,537 | -€24,348 | -19.2% |
| Current assets | 29/58 | €136,582 | €368,207 | +€231,625 | +169.6% |
| Amounts receivable within one year | 40/41 | €76,305 | €74,254 | -€2,051 | -2.7% |
| Trade receivables | 40 | €7 | €3,825 | +€3,818 | +54542.9% |
| Other amounts receivable | 41 | €76,298 | €70,429 | -€5,869 | -7.7% |
| Cash at bank and in hand | 54/58 | €57,632 | €290,859 | +€233,227 | +404.7% |
| Deferred charges and accrued income | 490/1 | €2,645 | €3,094 | +€449 | +17.0% |
| Total equity and liabilities | 10/49 | €802,500 | €929,819 | +€127,319 | +15.9% |
| Equity | 10/15 | €410,235 | €570,915 | +€160,680 | +39.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €385,235 | €545,915 | +€160,680 | +41.7% |
| Distributable reserves | 133 | €385,235 | €545,915 | +€160,680 | +41.7% |
| Amounts payable | 17/49 | €392,265 | €358,904 | -€33,361 | -8.5% |
| Amounts payable after more than one year | 17 | €181,047 | €156,962 | -€24,085 | -13.3% |
| Financial debts | 170/4 | €181,047 | €156,962 | -€24,085 | -13.3% |
| Amounts payable within one year | 42/48 | €200,997 | €194,369 | -€6,628 | -3.3% |
| Financial debts | 43 | €23,529 | €24,086 | +€557 | +2.4% |
| Credit institutions | 430/8 | €23,529 | €24,086 | +€557 | +2.4% |
| Trade debts | 44 | €6,484 | €1,670 | -€4,814 | -74.2% |
| Suppliers | 440/4 | €6,484 | €1,670 | -€4,814 | -74.2% |
| Taxes, remuneration and social security | 45 | €61,736 | - | -€61,736 | |
| Taxes | 450/3 | €61,736 | - | -€61,736 | |
| Other amounts payable | 47/48 | €109,248 | €168,613 | +€59,365 | +54.3% |
| Accrued charges and deferred income | 492/3 | €10,221 | €7,573 | -€2,648 | -25.9% |
| Remuneration, social security and pensions | 62 | €7,298 | - | -€7,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,809 | €105,815 | +€35,006 | +49.4% |
| Gross operating margin | 9900 | €288,425 | €324,107 | +€35,682 | +12.4% |
| Operating profit (loss) | 9901 | €210,318 | €218,292 | +€7,974 | +3.8% |
| Financial income | 75/76B | - | €10,292 | +€10,292 | |
| Recurring financial income | 75 | - | €7,327 | +€7,327 | |
| Non-recurring financial income | 76B | - | €2,965 | +€2,965 | |
| Financial charges | 65/66B | €5,449 | €4,816 | -€633 | -11.6% |
| Recurring financial charges | 65 | €5,273 | €4,737 | -€536 | -10.2% |
| Non-recurring financial charges | 66B | €176 | €79 | -€97 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €204,869 | €223,768 | +€18,899 | +9.2% |
| Income taxes | 67/77 | €62,186 | €67,804 | +€5,618 | +9.0% |
| Profit (loss) for the period | 9904 | €142,683 | €155,964 | +€13,281 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €142,683 | €155,964 | +€13,281 | +9.3% |
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 5 October 2026 via checked.be.