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 +€334,471
new in 2025: €334,471
of which Land and buildings: +€296,439
- Cash -€76,061
down €76,061 (-79.7%), from €95,442 to €19,381
mainly Investment in fixed assets (net) (-€353,454) and Receivables within one year (-€31,347)
- Receivables within one year +€31,347
up €31,347 (+554%), from €5,663 to €37,010
of which Trade receivables: +€37,002
- Debts after one year +€183,167
new in 2025: €183,167
- Other debts +€48,043
up €48,043 (+48.1%), from €99,934 to €147,977
- Reserves +€23,248
new in 2025: €23,248
- Current portion of long-term debt +€15,167
new in 2025: €15,167
- Tax, wage and social debts +€10,356
new in 2025: €10,356
- Gross operating margin +€69,417
up €69,417, from -€4,281 to €65,136
- Depreciation +€18,983
new in 2025: €18,983
- Other operating charges +€6,805
up €6,805 (+1,757%), from €387 to €7,192
- Taxes +€6,030
new in 2025: €6,030
- Financial charges +€5,681
up €5,681 (+454,462%), from €1 to €5,682
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 | €101,313 | €392,293 | +€290,981 | +287% |
| Fixed assets | 21/28 | - | €334,471 | +€334,471 | |
| Tangible fixed assets | 22/27 | - | €334,471 | +€334,471 | |
| Land and buildings | 22 | - | €296,439 | +€296,439 | |
| Plant, machinery and equipment | 23 | - | €8,301 | +€8,301 | |
| Furniture and vehicles | 24 | - | €29,730 | +€29,730 | |
| Current assets | 29/58 | €101,313 | €57,823 | -€43,490 | -42.9% |
| Amounts receivable within one year | 40/41 | €5,663 | €37,010 | +€31,347 | +554% |
| Trade receivables | 40 | - | €37,002 | +€37,002 | |
| Other amounts receivable | 41 | €5,663 | €8 | -€5,655 | -99.9% |
| Cash at bank and in hand | 54/58 | €95,442 | €19,381 | -€76,061 | -79.7% |
| Deferred charges and accrued income | 490/1 | €208 | €1,432 | +€1,224 | +588% |
| Total equity and liabilities | 10/49 | €101,313 | €392,293 | +€290,981 | +287% |
| Equity | 10/15 | €357 | €28,248 | +€27,891 | +7,823% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €23,248 | +€23,248 | |
| Distributable reserves | 133 | - | €23,248 | +€23,248 | |
| Profit (loss) carried forward | 14 | -€4,643 | €0 | +€4,643 | |
| Amounts payable | 17/49 | €100,956 | €364,046 | +€263,089 | +261% |
| Amounts payable after more than one year | 17 | - | €183,167 | +€183,167 | |
| Financial debts | 170/4 | - | €183,167 | +€183,167 | |
| Amounts payable within one year | 42/48 | €100,956 | €180,879 | +€79,923 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,167 | +€15,167 | |
| Trade debts | 44 | €1,022 | €7,379 | +€6,357 | +622% |
| Suppliers | 440/4 | €1,022 | €7,379 | +€6,357 | +622% |
| Taxes, remuneration and social security | 45 | - | €10,356 | +€10,356 | |
| Taxes | 450/3 | - | €10,356 | +€10,356 | |
| Other amounts payable | 47/48 | €99,934 | €147,977 | +€48,043 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €18,983 | +€18,983 | |
| Other operating charges | 640/8 | €387 | €7,192 | +€6,805 | +1,757% |
| Gross operating margin | 9900 | -€4,281 | €65,136 | +€69,417 | |
| Operating profit (loss) | 9901 | -€4,669 | €38,960 | +€43,629 | |
| Financial income | 75/76B | €27 | €643 | +€616 | +2,316% |
| Recurring financial income | 75 | €27 | €643 | +€616 | +2,316% |
| Financial charges | 65/66B | €1 | €5,682 | +€5,681 | +454,462% |
| Recurring financial charges | 65 | €1 | €5,682 | +€5,681 | +454,462% |
| Profit (loss) for the period before taxes | 9903 | -€4,643 | €33,921 | +€38,564 | |
| Income taxes | 67/77 | - | €6,030 | +€6,030 | |
| Profit (loss) for the period | 9904 | -€4,643 | €27,891 | +€32,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,643 | €27,891 | +€32,535 |
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 14 October 2026 via checked.be.