FRANE: 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.
FRANE
Largest movements
- Receivables within one year +€9,625
up €9,625 (+61.7%), from €15,590 to €25,215
of which Trade receivables: +€9,186
- Cash +€768
up €768 (+4.7%), from €16,192 to €16,959
mainly Tax, wage and social debts (+€6,514) and Net result for the year (+€5,200)
- Tax, wage and social debts +€6,514
up €6,514 (+52.6%), from €12,381 to €18,895
of which Taxes: +€6,482
- Reserves +€5,100
up €5,100 (+30.4%), from €16,800 to €21,900
- Trade debts -€1,955
down €1,955 (-89.9%), from €2,175 to €220
- Gross operating margin -€3,856
down €3,856 (-29.9%), from €12,885 to €9,029
- Taxes -€1,668
down €1,668 (-41.5%), from €4,023 to €2,355
- Depreciation +€400
up €400 (+172.2%), from €233 to €633
- Financial charges +€218
up €218 (+186.8%), from €117 to €334
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 | €33,680 | €43,439 | +€9,759 | +29.0% |
| Formation expenses | 20 | €694 | €463 | -€231 | -33.3% |
| Fixed assets | 21/28 | €1,204 | €802 | -€402 | -33.4% |
| Tangible fixed assets | 22/27 | €1,204 | €802 | -€402 | -33.4% |
| Plant, machinery and equipment | 23 | €1,204 | €802 | -€402 | -33.4% |
| Current assets | 29/58 | €31,782 | €42,174 | +€10,392 | +32.7% |
| Amounts receivable within one year | 40/41 | €15,590 | €25,215 | +€9,625 | +61.7% |
| Trade receivables | 40 | €7,735 | €16,921 | +€9,186 | +118.8% |
| Other amounts receivable | 41 | €7,855 | €8,294 | +€439 | +5.6% |
| Cash at bank and in hand | 54/58 | €16,192 | €16,959 | +€768 | +4.7% |
| Total equity and liabilities | 10/49 | €33,680 | €43,439 | +€9,759 | +29.0% |
| Equity | 10/15 | €19,124 | €24,325 | +€5,200 | +27.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,800 | €21,900 | +€5,100 | +30.4% |
| Distributable reserves | 133 | €16,800 | €21,900 | +€5,100 | +30.4% |
| Profit (loss) carried forward | 14 | €324 | €425 | +€100 | +30.9% |
| Amounts payable | 17/49 | €14,556 | €19,114 | +€4,559 | +31.3% |
| Amounts payable within one year | 42/48 | €14,556 | €19,114 | +€4,559 | +31.3% |
| Trade debts | 44 | €2,175 | €220 | -€1,955 | -89.9% |
| Suppliers | 440/4 | €2,175 | €220 | -€1,955 | -89.9% |
| Taxes, remuneration and social security | 45 | €12,381 | €18,895 | +€6,514 | +52.6% |
| Taxes | 450/3 | €9,563 | €16,045 | +€6,482 | +67.8% |
| Remuneration and social security | 454/9 | €2,818 | €2,850 | +€32 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €633 | +€400 | +172.2% |
| Other operating charges | 640/8 | €387 | €506 | +€119 | +30.6% |
| Gross operating margin | 9900 | €12,885 | €9,029 | -€3,856 | -29.9% |
| Operating profit (loss) | 9901 | €12,265 | €7,890 | -€4,375 | -35.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €117 | €334 | +€218 | +186.8% |
| Recurring financial charges | 65 | €117 | €334 | +€218 | +186.8% |
| Profit (loss) for the period before taxes | 9903 | €12,149 | €7,555 | -€4,594 | -37.8% |
| Income taxes | 67/77 | €4,023 | €2,355 | -€1,668 | -41.5% |
| Profit (loss) for the period | 9904 | €8,126 | €5,200 | -€2,926 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,126 | €5,200 | -€2,926 | -36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.