FRANA: 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.
FRANA
Largest movements
- Cash +€20,151
up €20,151 (+105.9%), from €19,034 to €39,184
mainly Net result for the year (+€9,890) and Trade debts (+€9,510)
- Receivables within one year -€5,907
down €5,907 (-32.4%), from €18,245 to €12,338
of which Trade receivables: -€5,998
- Tangible fixed assets -€5,863
down €5,863 (-24.0%), from €24,441 to €18,578
of which Furniture and vehicles: -€4,698
- Stocks and contracts +€2,551
new in 2025: €2,551
- Reserves +€9,890
up €9,890 (+160.7%), from €6,154 to €16,044
- Trade debts +€9,510
up €9,510 (+450.9%), from €2,109 to €11,618
- Debts after one year -€5,472
down €5,472 (-34.8%), from €15,719 to €10,247
- Advances received -€5,437
down €5,437 (-100.0%), from €5,437 to €0
- Tax, wage and social debts +€2,418
up €2,418 (+75.7%), from €3,194 to €5,612
of which Taxes: +€1,458
- Gross operating margin +€8,131
up €8,131 (+72.8%), from €11,174 to €19,305
- Depreciation +€3,060
up €3,060 (+99.6%), from €3,072 to €6,132
- Taxes +€983
up €983 (+59.1%), from €1,665 to €2,648
- Financial charges +€195
up €195 (+124.5%), from €157 to €352
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 | €73,645 | €84,405 | +€10,760 | +14.6% |
| Fixed assets | 21/28 | €35,627 | €29,495 | -€6,132 | -17.2% |
| Intangible fixed assets | 21 | €1,187 | €918 | -€269 | -22.7% |
| Tangible fixed assets | 22/27 | €24,441 | €18,578 | -€5,863 | -24.0% |
| Plant, machinery and equipment | 23 | €1,224 | €542 | -€682 | -55.7% |
| Furniture and vehicles | 24 | €21,452 | €16,754 | -€4,698 | -21.9% |
| Other tangible fixed assets | 26 | €1,764 | €1,282 | -€483 | -27.4% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €38,017 | €54,910 | +€16,892 | +44.4% |
| Stocks and contracts in progress | 3 | - | €2,551 | +€2,551 | |
| Stocks | 30/36 | - | €2,551 | +€2,551 | |
| Amounts receivable within one year | 40/41 | €18,245 | €12,338 | -€5,907 | -32.4% |
| Trade receivables | 40 | €5,998 | €0 | -€5,998 | -100.0% |
| Other amounts receivable | 41 | €12,248 | €12,338 | +€90 | +0.7% |
| Cash at bank and in hand | 54/58 | €19,034 | €39,184 | +€20,151 | +105.9% |
| Deferred charges and accrued income | 490/1 | €738 | €837 | +€98 | +13.3% |
| Total equity and liabilities | 10/49 | €73,645 | €84,405 | +€10,760 | +14.6% |
| Equity | 10/15 | €11,154 | €21,044 | +€9,890 | +88.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,154 | €16,044 | +€9,890 | +160.7% |
| Distributable reserves | 133 | €6,154 | €16,044 | +€9,890 | +160.7% |
| Amounts payable | 17/49 | €62,491 | €63,361 | +€870 | +1.4% |
| Amounts payable after more than one year | 17 | €15,719 | €10,247 | -€5,472 | -34.8% |
| Financial debts | 170/4 | €15,719 | €10,247 | -€5,472 | -34.8% |
| Amounts payable within one year | 42/48 | €46,772 | €53,114 | +€6,342 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €5,390 | €5,472 | +€81 | +1.5% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €2,109 | €11,618 | +€9,510 | +450.9% |
| Suppliers | 440/4 | €2,109 | €11,618 | +€9,510 | +450.9% |
| Advances received on contracts in progress | 46 | €5,437 | €0 | -€5,437 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,194 | €5,612 | +€2,418 | +75.7% |
| Taxes | 450/3 | €3,194 | €4,652 | +€1,458 | +45.7% |
| Remuneration and social security | 454/9 | - | €960 | +€960 | |
| Other amounts payable | 47/48 | €30,641 | €30,390 | -€251 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,072 | €6,132 | +€3,060 | +99.6% |
| Other operating charges | 640/8 | €126 | €287 | +€161 | +127.9% |
| Gross operating margin | 9900 | €11,174 | €19,305 | +€8,131 | +72.8% |
| Operating profit (loss) | 9901 | €7,975 | €12,886 | +€4,911 | +61.6% |
| Financial income | 75/76B | €0 | €4 | +€4 | +3881.8% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +3881.8% |
| Financial charges | 65/66B | €157 | €352 | +€195 | +124.5% |
| Recurring financial charges | 65 | €157 | €352 | +€195 | +124.5% |
| Profit (loss) for the period before taxes | 9903 | €7,819 | €12,538 | +€4,720 | +60.4% |
| Income taxes | 67/77 | €1,665 | €2,648 | +€983 | +59.1% |
| Profit (loss) for the period | 9904 | €6,154 | €9,890 | +€3,736 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,154 | €9,890 | +€3,736 | +60.7% |
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.