Franden: 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.
Franden
Largest movements
- Tangible fixed assets -€90,791
down €90,791 (-4.3%), from €2.1m to €2.0m
of which Land and buildings: -€89,376
- Cash +€70,102
up €70,102 (+9.1%), from €773,470 to €843,572
mainly Depreciation (+€107,947) and Net result for the year (+€26,668)
- Receivables within one year +€35,716
new in 2025: €35,716
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€20,788
down €20,788 (-10.8%), from €192,345 to €171,558
- Depreciation +€15,751
up €15,751 (+17.1%), from €92,195 to €107,947
- Taxes -€12,783
down €12,783 (-48.7%), from €26,266 to €13,483
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 | €2,886,840 | €2,899,959 | +€13,119 | +0.5% |
| Fixed assets | 21/28 | €2,108,772 | €2,017,981 | -€90,791 | -4.3% |
| Tangible fixed assets | 22/27 | €2,108,772 | €2,017,981 | -€90,791 | -4.3% |
| Land and buildings | 22 | €2,102,248 | €2,012,872 | -€89,376 | -4.3% |
| Plant, machinery and equipment | 23 | €766 | €229 | -€537 | -70.1% |
| Furniture and vehicles | 24 | €5,758 | €4,880 | -€878 | -15.2% |
| Current assets | 29/58 | €778,068 | €881,979 | +€103,910 | +13.4% |
| Amounts receivable within one year | 40/41 | - | €35,716 | +€35,716 | |
| Trade receivables | 40 | - | €35,716 | +€35,716 | |
| Cash at bank and in hand | 54/58 | €773,470 | €843,572 | +€70,102 | +9.1% |
| Deferred charges and accrued income | 490/1 | €4,598 | €2,691 | -€1,907 | -41.5% |
| Total equity and liabilities | 10/49 | €2,886,840 | €2,899,959 | +€13,119 | +0.5% |
| Equity | 10/15 | €2,808,663 | €2,835,332 | +€26,668 | +0.9% |
| Contributions | 10/11 | €2,492,000 | €2,492,000 | = | 0.0% |
| Reserves | 13 | €316,663 | €343,332 | +€26,668 | +8.4% |
| Tax-exempt reserves | 132 | €90,706 | €90,706 | = | 0.0% |
| Distributable reserves | 133 | €225,957 | €252,626 | +€26,668 | +11.8% |
| Provisions and deferred taxes | 16 | €30,235 | €30,235 | = | 0.0% |
| Deferred taxes | 168 | €30,235 | €30,235 | = | 0.0% |
| Amounts payable | 17/49 | €47,941 | €34,392 | -€13,549 | -28.3% |
| Amounts payable within one year | 42/48 | €44,876 | €31,325 | -€13,550 | -30.2% |
| Trade debts | 44 | €18,256 | €17,489 | -€767 | -4.2% |
| Suppliers | 440/4 | €18,256 | €17,489 | -€767 | -4.2% |
| Taxes, remuneration and social security | 45 | €26,266 | €13,483 | -€12,783 | -48.7% |
| Taxes | 450/3 | €26,266 | €13,483 | -€12,783 | -48.7% |
| Other amounts payable | 47/48 | €353 | €353 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,066 | €3,067 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,195 | €107,947 | +€15,751 | +17.1% |
| Other operating charges | 640/8 | €22,763 | €23,415 | +€651 | +2.9% |
| Gross operating margin | 9900 | €192,345 | €171,558 | -€20,788 | -10.8% |
| Operating profit (loss) | 9901 | €77,387 | €40,197 | -€37,190 | -48.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Non-recurring financial charges | 66B | €45 | - | -€45 | |
| Profit (loss) for the period before taxes | 9903 | €77,342 | €40,152 | -€37,190 | -48.1% |
| Income taxes | 67/77 | €26,266 | €13,483 | -€12,783 | -48.7% |
| Profit (loss) for the period | 9904 | €51,075 | €26,668 | -€24,407 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,075 | €26,668 | -€24,407 | -47.8% |
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 12 October 2026 via checked.be.