Francken Projects: 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.
Francken Projects
Largest movements
- Current investments +€71,419
up €71,419 (+41.7%), from €171,193 to €242,611
- Cash +€36,856
up €36,856 (+121%), from €30,376 to €67,232
mainly Net result for the year (+€114,447) and Tax, wage and social debts (+€10,673)
- Tangible fixed assets +€9,562
new in 2025: €9,562
- Receivables within one year +€7,412
up €7,412 (+48.0%), from €15,428 to €22,840
- Reserves +€114,447
up €114,447 (+65.4%), from €174,953 to €289,400
- Tax, wage and social debts +€10,673
up €10,673 (+30.9%), from €34,521 to €45,194
- Gross operating margin +€25,363
up €25,363 (+21.1%), from €120,224 to €145,588
- Taxes +€6,014
up €6,014 (+23.2%), from €25,879 to €31,893
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 | €218,078 | €344,797 | +€126,718 | +58.1% |
| Fixed assets | 21/28 | - | €9,562 | +€9,562 | |
| Tangible fixed assets | 22/27 | - | €9,562 | +€9,562 | |
| Furniture and vehicles | 24 | - | €9,562 | +€9,562 | |
| Current assets | 29/58 | €218,078 | €335,235 | +€117,157 | +53.7% |
| Amounts receivable within one year | 40/41 | €15,428 | €22,840 | +€7,412 | +48.0% |
| Trade receivables | 40 | €15,428 | €22,840 | +€7,412 | +48.0% |
| Current investments | 50/53 | €171,193 | €242,611 | +€71,419 | +41.7% |
| Cash at bank and in hand | 54/58 | €30,376 | €67,232 | +€36,856 | +121% |
| Deferred charges and accrued income | 490/1 | €1,082 | €2,552 | +€1,470 | +136% |
| Total equity and liabilities | 10/49 | €218,078 | €344,797 | +€126,718 | +58.1% |
| Equity | 10/15 | €177,453 | €291,900 | +€114,447 | +64.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €174,953 | €289,400 | +€114,447 | +65.4% |
| Distributable reserves | 133 | €174,953 | €289,400 | +€114,447 | +65.4% |
| Amounts payable | 17/49 | €40,626 | €52,896 | +€12,271 | +30.2% |
| Amounts payable within one year | 42/48 | €40,030 | €52,584 | +€12,555 | +31.4% |
| Trade debts | 44 | €2,098 | €1,987 | -€111 | -5.3% |
| Suppliers | 440/4 | €2,098 | €1,987 | -€111 | -5.3% |
| Taxes, remuneration and social security | 45 | €34,521 | €45,194 | +€10,673 | +30.9% |
| Taxes | 450/3 | €34,521 | €45,194 | +€10,673 | +30.9% |
| Other amounts payable | 47/48 | €3,410 | €5,403 | +€1,993 | +58.5% |
| Accrued charges and deferred income | 492/3 | €596 | €312 | -€284 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €438 | +€438 | |
| Other operating charges | 640/8 | €118 | €203 | +€85 | +71.9% |
| Gross operating margin | 9900 | €120,224 | €145,588 | +€25,363 | +21.1% |
| Operating profit (loss) | 9901 | €120,106 | €144,947 | +€24,840 | +20.7% |
| Financial income | 75/76B | €3,837 | €2,848 | -€989 | -25.8% |
| Recurring financial income | 75 | €3,837 | €2,848 | -€989 | -25.8% |
| Financial charges | 65/66B | €1,729 | €1,454 | -€275 | -15.9% |
| Recurring financial charges | 65 | €1,729 | €1,454 | -€275 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €122,214 | €146,341 | +€24,127 | +19.7% |
| Income taxes | 67/77 | €25,879 | €31,893 | +€6,014 | +23.2% |
| Profit (loss) for the period | 9904 | €96,335 | €114,447 | +€18,113 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,335 | €114,447 | +€18,113 | +18.8% |
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 23 October 2026 via checked.be.