FRANEL: 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.
FRANEL
Largest movements
- Tangible fixed assets -€67,627
down €67,627 (-11.4%), from €591,311 to €523,684
of which Land and buildings: -€53,676
- Cash +€26,905
up €26,905 (+11696.5%), from €230 to €27,136
mainly Net result for the year (+€76,571) and Investment in fixed assets (net) (+€33,937)
- Debts after one year -€115,606
down €115,606 (-10.0%), from €1.2m to €1.0m
- Profit (loss) carried forward +€76,571
up €76,571 (+4.7%), from -€1.6m to -€1.5m
- Gross operating margin +€100,572
up €100,572 (+627.8%), from €16,021 to €116,593
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 | €593,076 | €552,490 | -€40,587 | -6.8% |
| Fixed assets | 21/28 | €591,311 | €523,684 | -€67,627 | -11.4% |
| Tangible fixed assets | 22/27 | €591,311 | €523,684 | -€67,627 | -11.4% |
| Land and buildings | 22 | €537,183 | €483,507 | -€53,676 | -10.0% |
| Plant, machinery and equipment | 23 | €54,128 | €40,177 | -€13,951 | -25.8% |
| Current assets | 29/58 | €1,765 | €28,806 | +€27,041 | +1531.9% |
| Amounts receivable within one year | 40/41 | - | €90 | +€90 | |
| Trade receivables | 40 | - | €90 | +€90 | |
| Cash at bank and in hand | 54/58 | €230 | €27,136 | +€26,905 | +11696.5% |
| Deferred charges and accrued income | 490/1 | €1,535 | €1,580 | +€45 | +2.9% |
| Total equity and liabilities | 10/49 | €593,076 | €552,490 | -€40,587 | -6.8% |
| Equity | 10/15 | -€559,100 | -€482,529 | +€76,571 | +13.7% |
| Contributions | 10/11 | €1,017,000 | €1,017,000 | = | 0.0% |
| Capital | 10 | €1,017,000 | €1,017,000 | = | 0.0% |
| Issued capital | 100 | €1,017,000 | €1,017,000 | = | 0.0% |
| Reserves | 13 | €44,161 | €44,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,254 | €2,254 | = | 0.0% |
| Legal reserve | 130 | €2,254 | €2,254 | = | 0.0% |
| Distributable reserves | 133 | €41,907 | €41,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,620,261 | -€1,543,690 | +€76,571 | +4.7% |
| Amounts payable | 17/49 | €1,152,176 | €1,035,019 | -€117,158 | -10.2% |
| Amounts payable after more than one year | 17 | €1,150,624 | €1,035,019 | -€115,606 | -10.0% |
| Other amounts payable | 178/9 | €1,150,624 | €1,035,019 | -€115,606 | -10.0% |
| Amounts payable within one year | 42/48 | €1,552 | €0 | -€1,552 | -100.0% |
| Trade debts | 44 | €1,552 | €0 | -€1,552 | -100.0% |
| Suppliers | 440/4 | €1,552 | €0 | -€1,552 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,828 | €33,691 | -€1,137 | -3.3% |
| Other operating charges | 640/8 | €6,448 | €6,105 | -€343 | -5.3% |
| Gross operating margin | 9900 | €16,021 | €116,593 | +€100,572 | +627.8% |
| Operating profit (loss) | 9901 | -€25,254 | €76,798 | +€102,052 | |
| Financial charges | 65/66B | €132 | €227 | +€95 | +71.6% |
| Recurring financial charges | 65 | €132 | €227 | +€95 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,386 | €76,571 | +€101,958 | |
| Profit (loss) for the period | 9904 | -€25,386 | €76,571 | +€101,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,386 | €76,571 | +€101,958 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.