FRANCO: 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.
FRANCO
Largest movements
- Cash -€34,956
down €34,956 (-99.9%), from €34,979 to €23
mainly Net result for the year (-€59,949) and Debts after one year (-€26,582)
- Tangible fixed assets -€25,344
down €25,344 (-11.5%), from €221,266 to €195,922
of which Land and buildings: -€20,135
- Profit (loss) carried forward -€53,860
new in 2025: -€53,860
- Other debts +€31,694
up €31,694 (+79.4%), from €39,910 to €71,604
- Debts after one year -€26,582
down €26,582 (-14.8%), from €179,221 to €152,639
- Current portion of long-term debt -€10,663
down €10,663 (-28.6%), from €37,245 to €26,582
- Reserves -€6,089
down €6,089 (-17.1%), from €35,609 to €29,520
of which Distributable reserves: -€6,089
- Gross operating margin -€34,852
down €34,852, from €30,293 to -€4,560
- Financial charges +€677
up €677 (+44.6%), from €1,518 to €2,195
- Other operating charges +€620
up €620 (+1.7%), from €37,158 to €37,778
- Taxes +€407
up €407 (+4.1%), from €9,828 to €10,235
- Depreciation -€367
down €367 (-6.6%), from €5,576 to €5,209
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 | €311,451 | €248,514 | -€62,937 | -20.2% |
| Fixed assets | 21/28 | €221,266 | €195,922 | -€25,344 | -11.5% |
| Tangible fixed assets | 22/27 | €221,266 | €195,922 | -€25,344 | -11.5% |
| Land and buildings | 22 | €205,798 | €185,663 | -€20,135 | -9.8% |
| Furniture and vehicles | 24 | €10,083 | €5,551 | -€4,532 | -44.9% |
| Other tangible fixed assets | 26 | €5,385 | €4,708 | -€677 | -12.6% |
| Current assets | 29/58 | €90,185 | €52,592 | -€37,593 | -41.7% |
| Amounts receivable within one year | 40/41 | €5,570 | €2,986 | -€2,584 | -46.4% |
| Other amounts receivable | 41 | €5,570 | €2,986 | -€2,584 | -46.4% |
| Current investments | 50/53 | €49,582 | €49,582 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,979 | €23 | -€34,956 | -99.9% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €311,451 | €248,514 | -€62,937 | -20.2% |
| Equity | 10/15 | €46,809 | -€13,140 | -€59,949 | |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €35,609 | €29,520 | -€6,089 | -17.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €33,749 | €27,661 | -€6,089 | -18.0% |
| Profit (loss) carried forward | 14 | - | -€53,860 | -€53,860 | |
| Amounts payable | 17/49 | €264,642 | €261,654 | -€2,988 | -1.1% |
| Amounts payable after more than one year | 17 | €179,221 | €152,639 | -€26,582 | -14.8% |
| Financial debts | 170/4 | €179,221 | €152,639 | -€26,582 | -14.8% |
| Amounts payable within one year | 42/48 | €85,421 | €109,015 | +€23,594 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €37,245 | €26,582 | -€10,663 | -28.6% |
| Financial debts | 43 | - | €295 | +€295 | |
| Credit institutions | 430/8 | - | €295 | +€295 | |
| Trade debts | 44 | €2,328 | €267 | -€2,061 | -88.5% |
| Suppliers | 440/4 | €2,328 | €267 | -€2,061 | -88.5% |
| Taxes, remuneration and social security | 45 | €5,938 | €10,267 | +€4,330 | +72.9% |
| Taxes | 450/3 | €5,938 | €10,267 | +€4,330 | +72.9% |
| Other amounts payable | 47/48 | €39,910 | €71,604 | +€31,694 | +79.4% |
| Non-recurring operating income | 76A | - | €16,432 | +€16,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,576 | €5,209 | -€367 | -6.6% |
| Other operating charges | 640/8 | €37,158 | €37,778 | +€620 | +1.7% |
| Gross operating margin | 9900 | €30,293 | -€4,560 | -€34,852 | |
| Operating profit (loss) | 9901 | -€12,442 | -€47,547 | -€35,105 | -282% |
| Financial income | 75/76B | €25 | €28 | +€3 | +13.1% |
| Recurring financial income | 75 | €25 | €28 | +€3 | +13.1% |
| Financial charges | 65/66B | €1,518 | €2,195 | +€677 | +44.6% |
| Recurring financial charges | 65 | €1,518 | €2,195 | +€677 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,935 | -€49,714 | -€35,779 | -257% |
| Income taxes | 67/77 | €9,828 | €10,235 | +€407 | +4.1% |
| Profit (loss) for the period | 9904 | -€23,763 | -€59,949 | -€36,186 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,763 | -€59,949 | -€36,186 | -152% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.