Franco - Trading: 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 - Trading
Largest movements
- Receivables within one year +€8,650
up €8,650 (+35.8%), from €24,129 to €32,780
of which Trade receivables: +€7,077
- Tangible fixed assets +€2,827
up €2,827 (+7.9%), from €35,843 to €38,669
of which Other tangible fixed assets: +€3,675
- Reserves +€19,151
up €19,151 (+24.9%), from €77,013 to €96,164
- Debts after one year -€6,737
down €6,737 (-40.3%), from €16,724 to €9,987
- Other debts -€6,237
down €6,237 (-69.3%), from €9,000 to €2,763
- Trade debts +€3,695
up €3,695 (+27.6%), from €13,391 to €17,085
- Gross operating margin -€14,389
down €14,389 (-31.0%), from €46,450 to €32,061
- Taxes -€4,045
down €4,045 (-34.1%), from €11,849 to €7,804
- Depreciation +€734
up €734 (+193%), from €380 to €1,113
- Financial income -€620
down €620 (-99.7%), from €622 to €2
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 | €141,340 | €151,345 | +€10,005 | +7.1% |
| Fixed assets | 21/28 | €68,301 | €71,128 | +€2,827 | +4.1% |
| Tangible fixed assets | 22/27 | €35,843 | €38,669 | +€2,827 | +7.9% |
| Land and buildings | 22 | €33,000 | €33,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €563 | €373 | -€189 | -33.7% |
| Furniture and vehicles | 24 | €1,630 | €971 | -€659 | -40.4% |
| Other tangible fixed assets | 26 | €650 | €4,325 | +€3,675 | +565% |
| Financial fixed assets | 28 | €32,458 | €32,458 | = | 0.0% |
| Current assets | 29/58 | €73,039 | €80,218 | +€7,178 | +9.8% |
| Stocks and contracts in progress | 3 | €14,732 | €13,486 | -€1,246 | -8.5% |
| Stocks | 30/36 | €14,732 | €13,486 | -€1,246 | -8.5% |
| Amounts receivable within one year | 40/41 | €24,129 | €32,780 | +€8,650 | +35.8% |
| Trade receivables | 40 | €18,845 | €25,922 | +€7,077 | +37.6% |
| Other amounts receivable | 41 | €5,284 | €6,858 | +€1,573 | +29.8% |
| Cash at bank and in hand | 54/58 | €32,819 | €32,519 | -€300 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,359 | €1,432 | +€73 | +5.4% |
| Total equity and liabilities | 10/49 | €141,340 | €151,345 | +€10,005 | +7.1% |
| Equity | 10/15 | €95,605 | €114,756 | +€19,151 | +20.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,013 | €96,164 | +€19,151 | +24.9% |
| Distributable reserves | 133 | €77,013 | €96,164 | +€19,151 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,735 | €36,589 | -€9,146 | -20.0% |
| Amounts payable after more than one year | 17 | €16,724 | €9,987 | -€6,737 | -40.3% |
| Financial debts | 170/4 | €16,724 | €9,987 | -€6,737 | -40.3% |
| Amounts payable within one year | 42/48 | €28,886 | €26,585 | -€2,300 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €6,488 | €6,737 | +€248 | +3.8% |
| Trade debts | 44 | €13,391 | €17,085 | +€3,695 | +27.6% |
| Suppliers | 440/4 | €13,391 | €17,085 | +€3,695 | +27.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6 | €0 | -€6 | -100% |
| Taxes | 450/3 | €6 | €0 | -€6 | -100% |
| Other amounts payable | 47/48 | €9,000 | €2,763 | -€6,237 | -69.3% |
| Accrued charges and deferred income | 492/3 | €126 | €17 | -€109 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €1,113 | +€734 | +193% |
| Other operating charges | 640/8 | €1,695 | €1,654 | -€42 | -2.5% |
| Non-recurring operating charges | 66A | - | €497 | +€497 | |
| Gross operating margin | 9900 | €46,450 | €32,061 | -€14,389 | -31.0% |
| Operating profit (loss) | 9901 | €44,374 | €28,797 | -€15,578 | -35.1% |
| Financial income | 75/76B | €622 | €2 | -€620 | -99.7% |
| Recurring financial income | 75 | €622 | €2 | -€620 | -99.7% |
| Financial charges | 65/66B | €1,157 | €917 | -€240 | -20.8% |
| Recurring financial charges | 65 | €1,157 | €917 | -€240 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €43,839 | €27,882 | -€15,958 | -36.4% |
| Income taxes | 67/77 | €11,849 | €7,804 | -€4,045 | -34.1% |
| Profit (loss) for the period | 9904 | €31,990 | €20,078 | -€11,912 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,990 | €20,078 | -€11,912 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.