FRANA: 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.
FRANA
Largest movements
- Tangible fixed assets -€20,209
down €20,209 (-74.1%), from €27,287 to €7,079
of which Other tangible fixed assets: -€16,064
- Cash +€7,186
up €7,186 (+9.2%), from €77,998 to €85,184
mainly Investment in fixed assets (net) (+€20,121) and Net result for the year (+€8,346)
- Receivables within one year +€7,022
up €7,022 (+98.1%), from €7,159 to €14,181
of which Trade receivables: +€8,016
- Stocks and contracts -€2,547
down €2,547 (-100.0%), from €2,547 to €0
- Financial fixed assets -€1,777
down €1,777 (-100.0%), from €1,777 to €0
- Trade debts -€9,380
down €9,380 (-100.0%), from €9,380 to €0
- Reserves +€8,346
up €8,346 (+31.4%), from €26,617 to €34,962
- Debts after one year -€7,526
down €7,526 (-17.5%), from €42,975 to €35,449
- Accrued charges and deferred income -€6,600
down €6,600 (-100.0%), from €6,600 to €0
- Other debts +€2,534
up €2,534 (+57.4%), from €4,413 to €6,948
- Gross operating margin -€24,403
down €24,403 (-39.4%), from €61,996 to €37,593
- Staff costs -€9,676
down €9,676, from €9,450 to -€227
- Depreciation -€6,272
down €6,272 (-77.1%), from €8,137 to €1,865
- Taxes -€5,093
down €5,093 (-55.7%), from €9,139 to €4,046
- Financial charges -€2,473
down €2,473 (-51.9%), from €4,769 to €2,296
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 | €117,783 | €107,514 | -€10,270 | -8.7% |
| Fixed assets | 21/28 | €29,064 | €7,079 | -€21,986 | -75.6% |
| Tangible fixed assets | 22/27 | €27,287 | €7,079 | -€20,209 | -74.1% |
| Plant, machinery and equipment | 23 | €4,612 | €2,159 | -€2,453 | -53.2% |
| Furniture and vehicles | 24 | €6,612 | €4,920 | -€1,693 | -25.6% |
| Other tangible fixed assets | 26 | €16,064 | €0 | -€16,064 | -100.0% |
| Financial fixed assets | 28 | €1,777 | €0 | -€1,777 | -100.0% |
| Current assets | 29/58 | €88,719 | €100,435 | +€11,716 | +13.2% |
| Stocks and contracts in progress | 3 | €2,547 | €0 | -€2,547 | -100.0% |
| Stocks | 30/36 | €2,547 | €0 | -€2,547 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,159 | €14,181 | +€7,022 | +98.1% |
| Trade receivables | 40 | €3,785 | €11,801 | +€8,016 | +211.8% |
| Other amounts receivable | 41 | €3,374 | €2,379 | -€994 | -29.5% |
| Cash at bank and in hand | 54/58 | €77,998 | €85,184 | +€7,186 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,070 | +€55 | +5.5% |
| Total equity and liabilities | 10/49 | €117,783 | €107,514 | -€10,270 | -8.7% |
| Equity | 10/15 | €34,617 | €42,962 | +€8,346 | +24.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €26,617 | €34,962 | +€8,346 | +31.4% |
| Distributable reserves | 133 | €26,617 | €34,962 | +€8,346 | +31.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €83,167 | €64,551 | -€18,615 | -22.4% |
| Amounts payable after more than one year | 17 | €42,975 | €35,449 | -€7,526 | -17.5% |
| Financial debts | 170/4 | €42,975 | €35,449 | -€7,526 | -17.5% |
| Amounts payable within one year | 42/48 | €33,592 | €29,103 | -€4,489 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €7,240 | €7,526 | +€286 | +4.0% |
| Trade debts | 44 | €9,380 | €0 | -€9,380 | -100.0% |
| Suppliers | 440/4 | €9,380 | €0 | -€9,380 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,558 | €14,629 | +€2,071 | +16.5% |
| Taxes | 450/3 | €9,139 | €13,186 | +€4,046 | +44.3% |
| Remuneration and social security | 454/9 | €3,419 | €1,443 | -€1,976 | -57.8% |
| Other amounts payable | 47/48 | €4,413 | €6,948 | +€2,534 | +57.4% |
| Accrued charges and deferred income | 492/3 | €6,600 | €0 | -€6,600 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €9,450 | -€227 | -€9,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,137 | €1,865 | -€6,272 | -77.1% |
| Other operating charges | 640/8 | €811 | €1,025 | +€214 | +26.4% |
| Non-recurring operating charges | 66A | €0 | €20,468 | +€20,468 | |
| Gross operating margin | 9900 | €61,996 | €37,593 | -€24,403 | -39.4% |
| Operating profit (loss) | 9901 | €43,598 | €14,461 | -€29,136 | -66.8% |
| Financial income | 75/76B | €280 | €226 | -€54 | -19.3% |
| Recurring financial income | 75 | €280 | €226 | -€54 | -19.3% |
| Financial charges | 65/66B | €4,769 | €2,296 | -€2,473 | -51.9% |
| Recurring financial charges | 65 | €4,769 | €2,296 | -€2,473 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €39,109 | €12,392 | -€26,718 | -68.3% |
| Income taxes | 67/77 | €9,139 | €4,046 | -€5,093 | -55.7% |
| Profit (loss) for the period | 9904 | €29,970 | €8,346 | -€21,625 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,970 | €8,346 | -€21,625 | -72.2% |
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 10 October 2026 via checked.be.