FRANAIR: 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.
FRANAIR
Largest movements
- Cash -€61,761
down €61,761 (-22.5%), from €274,758 to €212,997
mainly Current portion of long-term debt (-€352,334) and Investment in fixed assets (net) (-€25,550)
- Tangible fixed assets -€53,154
down €53,154 (-2.6%), from €2.1m to €2.0m
of which Land and buildings: -€60,394
- Current portion of long-term debt -€352,334
down €352,334 (-85.8%), from €410,707 to €58,374
- Debts after one year +€281,396
up €281,396 (+45.7%), from €616,209 to €897,605
- Gross operating margin -€1.3m
down €1.3m (-92.9%), from €1.4m to €100,119
- Taxes -€451,484
down €451,484 (-98.9%), from €456,439 to €4,955
- Financial charges -€65,144
down €65,144 (-92.7%), from €70,261 to €5,117
- Other operating charges -€34,962
down €34,962 (-74.3%), from €47,071 to €12,110
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 | €2,981,113 | €2,895,019 | -€86,094 | -2.9% |
| Fixed assets | 21/28 | €2,073,503 | €2,021,200 | -€52,304 | -2.5% |
| Tangible fixed assets | 22/27 | €2,073,503 | €2,020,350 | -€53,154 | -2.6% |
| Land and buildings | 22 | €2,065,596 | €2,005,202 | -€60,394 | -2.9% |
| Plant, machinery and equipment | 23 | €369 | €0 | -€369 | -100% |
| Furniture and vehicles | 24 | €7,538 | €15,148 | +€7,610 | +101% |
| Financial fixed assets | 28 | - | €850 | +€850 | |
| Current assets | 29/58 | €907,609 | €873,819 | -€33,790 | -3.7% |
| Amounts receivable after more than one year | 29 | €521,565 | €530,954 | +€9,388 | +1.8% |
| Other amounts receivable | 291 | €521,565 | €530,954 | +€9,388 | +1.8% |
| Amounts receivable within one year | 40/41 | €111,285 | €129,868 | +€18,583 | +16.7% |
| Other amounts receivable | 41 | €111,285 | €129,868 | +€18,583 | +16.7% |
| Cash at bank and in hand | 54/58 | €274,758 | €212,997 | -€61,761 | -22.5% |
| Total equity and liabilities | 10/49 | €2,981,113 | €2,895,019 | -€86,094 | -2.9% |
| Equity | 10/15 | €1,918,027 | €1,927,704 | +€9,678 | +0.5% |
| Contributions | 10/11 | €76,210 | €76,210 | = | 0.0% |
| Revaluation surpluses | 12 | €630,000 | €630,000 | = | 0.0% |
| Reserves | 13 | €1,211,817 | €1,221,495 | +€9,678 | +0.8% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,211,817 | €1,221,495 | +€9,678 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,063,086 | €967,314 | -€95,772 | -9.0% |
| Amounts payable after more than one year | 17 | €616,209 | €897,605 | +€281,396 | +45.7% |
| Financial debts | 170/4 | €616,209 | €897,605 | +€281,396 | +45.7% |
| Amounts payable within one year | 42/48 | €446,877 | €69,710 | -€377,168 | -84.4% |
| Current portion of amounts payable after more than one year | 42 | €410,707 | €58,374 | -€352,334 | -85.8% |
| Trade debts | 44 | €29,813 | €5,988 | -€23,825 | -79.9% |
| Suppliers | 440/4 | €29,813 | €5,988 | -€23,825 | -79.9% |
| Taxes, remuneration and social security | 45 | €3,986 | €978 | -€3,009 | -75.5% |
| Taxes | 450/3 | €3,986 | €978 | -€3,009 | -75.5% |
| Other amounts payable | 47/48 | €2,370 | €4,370 | +€2,000 | +84.4% |
| Non-recurring operating income | 76A | €1,540,718 | €0 | -€1.5m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,267 | €77,854 | +€7,587 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,288 | €0 | +€3,288 | |
| Other operating charges | 640/8 | €47,071 | €12,110 | -€34,962 | -74.3% |
| Gross operating margin | 9900 | €1,411,883 | €100,119 | -€1.3m | -92.9% |
| Operating profit (loss) | 9901 | €1,297,832 | €10,155 | -€1.3m | -99.2% |
| Financial income | 75/76B | €11,504 | €11,594 | +€90 | +0.8% |
| Recurring financial income | 75 | €11,504 | €11,594 | +€90 | +0.8% |
| Financial charges | 65/66B | €70,261 | €5,117 | -€65,144 | -92.7% |
| Recurring financial charges | 65 | €70,261 | €5,117 | -€65,144 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €1,239,075 | €16,633 | -€1.2m | -98.7% |
| Transfer from deferred taxes | 780 | €60,077 | €0 | -€60,077 | -100% |
| Income taxes | 67/77 | €456,439 | €4,955 | -€451,484 | -98.9% |
| Profit (loss) for the period | 9904 | €842,713 | €11,678 | -€831,036 | -98.6% |
| Transfer from tax-exempt reserves | 789 | €133,282 | €0 | -€133,282 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €975,996 | €11,678 | -€964,318 | -98.8% |
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 17 October 2026 via checked.be.