Franck Projects: 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.
Franck Projects
Largest movements
- Receivables within one year +€32,147
up €32,147 (+326.3%), from €9,852 to €41,998
of which Trade receivables: +€36,899
- Cash -€25,438
down €25,438 (-24.6%), from €103,371 to €77,933
mainly Receivables within one year (-€32,147) and Trade debts (-€30,139)
- Stocks and contracts -€17,850
down €17,850 (-26.2%), from €68,165 to €50,315
of which Contracts in progress: -€20,000
- Tangible fixed assets -€7,118
down €7,118 (-30.3%), from €23,491 to €16,373
of which Furniture and vehicles: -€5,415
- Trade debts -€30,139
down €30,139 (-74.9%), from €40,245 to €10,106
- Profit (loss) carried forward +€15,235
up €15,235 (+15.2%), from €100,143 to €115,378
- Debts after one year -€5,526
down €5,526 (-14.2%), from €38,925 to €33,400
- Gross operating margin -€30,069
down €30,069 (-45.2%), from €66,550 to €36,481
- Taxes -€5,953
down €5,953 (-32.3%), from €18,449 to €12,497
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 | €204,879 | €186,619 | -€18,259 | -8.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €23,491 | €16,373 | -€7,118 | -30.3% |
| Tangible fixed assets | 22/27 | €23,491 | €16,373 | -€7,118 | -30.3% |
| Land and buildings | 22 | €3,656 | €2,438 | -€1,219 | -33.3% |
| Plant, machinery and equipment | 23 | €1,482 | €998 | -€484 | -32.6% |
| Furniture and vehicles | 24 | €18,353 | €12,938 | -€5,415 | -29.5% |
| Current assets | 29/58 | €181,388 | €170,246 | -€11,142 | -6.1% |
| Stocks and contracts in progress | 3 | €68,165 | €50,315 | -€17,850 | -26.2% |
| Stocks | 30/36 | €8,165 | €10,315 | +€2,150 | +26.3% |
| Contracts in progress | 37 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €9,852 | €41,998 | +€32,147 | +326.3% |
| Trade receivables | 40 | - | €36,899 | +€36,899 | |
| Other amounts receivable | 41 | €9,852 | €5,100 | -€4,752 | -48.2% |
| Cash at bank and in hand | 54/58 | €103,371 | €77,933 | -€25,438 | -24.6% |
| Total equity and liabilities | 10/49 | €204,879 | €186,619 | -€18,259 | -8.9% |
| Equity | 10/15 | €110,143 | €125,378 | +€15,235 | +13.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,143 | €115,378 | +€15,235 | +15.2% |
| Amounts payable | 17/49 | €94,736 | €61,242 | -€33,494 | -35.4% |
| Amounts payable after more than one year | 17 | €38,925 | €33,400 | -€5,526 | -14.2% |
| Financial debts | 170/4 | €38,925 | €33,400 | -€5,526 | -14.2% |
| Amounts payable within one year | 42/48 | €55,810 | €27,842 | -€27,968 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €5,214 | €5,526 | +€312 | +6.0% |
| Trade debts | 44 | €40,245 | €10,106 | -€30,139 | -74.9% |
| Suppliers | 440/4 | €40,245 | €10,106 | -€30,139 | -74.9% |
| Taxes, remuneration and social security | 45 | €2,043 | €2,059 | +€16 | +0.8% |
| Remuneration and social security | 454/9 | €2,043 | €2,059 | +€16 | +0.8% |
| Other amounts payable | 47/48 | €8,309 | €10,151 | +€1,842 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,118 | €7,118 | = | 0.0% |
| Other operating charges | 640/8 | €858 | €661 | -€197 | -23.0% |
| Gross operating margin | 9900 | €66,550 | €36,481 | -€30,069 | -45.2% |
| Operating profit (loss) | 9901 | €58,574 | €28,702 | -€29,872 | -51.0% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €1,382 | €1,037 | -€345 | -24.9% |
| Recurring financial charges | 65 | €1,382 | €1,037 | -€345 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €57,192 | €27,731 | -€29,461 | -51.5% |
| Income taxes | 67/77 | €18,449 | €12,497 | -€5,953 | -32.3% |
| Profit (loss) for the period | 9904 | €38,743 | €15,235 | -€23,508 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,743 | €15,235 | -€23,508 | -60.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.