FRANEXA: 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.
FRANEXA
Largest movements
- Deferred charges and accrued income -€107,870
down €107,870 (-98.5%), from €109,550 to €1,679
- Receivables within one year +€106,215
up €106,215 (+239.2%), from €44,396 to €150,611
of which Trade receivables: +€123,590
- Cash +€105,945
up €105,945 (+320.6%), from €33,048 to €138,993
mainly Net result for the year (+€194,094) and Deferred charges and accrued income (+€107,870)
- Financial fixed assets -€37,890
down €37,890 (-96.2%), from €39,392 to €1,502
- Reserves +€193,244
up €193,244 (+10.0%), from €1.9m to €2.1m
of which Distributable reserves: +€193,244
- Debts after one year -€91,180
down €91,180 (-62.8%), from €145,291 to €54,111
- Current portion of long-term debt -€44,958
down €44,958 (-28.4%), from €158,346 to €113,388
- Gross operating margin +€89,297
up €89,297 (+33.9%), from €263,667 to €352,964
- Taxes +€40,396
up €40,396 (+86.4%), from €46,735 to €87,131
- Financial charges -€18,181
down €18,181 (-66.0%), from €27,562 to €9,381
- Financial income +€10,542
up €10,542 (+1640.4%), from €643 to €11,185
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,291,249 | €2,349,673 | +€58,424 | +2.5% |
| Fixed assets | 21/28 | €1,360,261 | €1,304,611 | -€55,650 | -4.1% |
| Tangible fixed assets | 22/27 | €1,320,868 | €1,303,108 | -€17,760 | -1.3% |
| Land and buildings | 22 | €1,274,005 | €1,268,378 | -€5,627 | -0.4% |
| Plant, machinery and equipment | 23 | €27,550 | €24,305 | -€3,245 | -11.8% |
| Furniture and vehicles | 24 | €19,314 | €10,426 | -€8,888 | -46.0% |
| Financial fixed assets | 28 | €39,392 | €1,502 | -€37,890 | -96.2% |
| Current assets | 29/58 | €930,988 | €1,045,062 | +€114,074 | +12.3% |
| Amounts receivable within one year | 40/41 | €44,396 | €150,611 | +€106,215 | +239.2% |
| Trade receivables | 40 | €1,025 | €124,615 | +€123,590 | +12058.1% |
| Other amounts receivable | 41 | €43,371 | €25,996 | -€17,375 | -40.1% |
| Current investments | 50/53 | €743,995 | €753,779 | +€9,784 | +1.3% |
| Cash at bank and in hand | 54/58 | €33,048 | €138,993 | +€105,945 | +320.6% |
| Deferred charges and accrued income | 490/1 | €109,550 | €1,679 | -€107,870 | -98.5% |
| Total equity and liabilities | 10/49 | €2,291,249 | €2,349,673 | +€58,424 | +2.5% |
| Equity | 10/15 | €1,950,272 | €2,143,516 | +€193,244 | +9.9% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €1,937,880 | €2,131,124 | +€193,244 | +10.0% |
| 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 | €1,936,021 | €2,129,264 | +€193,244 | +10.0% |
| Amounts payable | 17/49 | €340,977 | €206,157 | -€134,820 | -39.5% |
| Amounts payable after more than one year | 17 | €145,291 | €54,111 | -€91,180 | -62.8% |
| Financial debts | 170/4 | €145,291 | €54,111 | -€91,180 | -62.8% |
| Amounts payable within one year | 42/48 | €195,686 | €152,046 | -€43,640 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €158,346 | €113,388 | -€44,958 | -28.4% |
| Trade debts | 44 | €30,835 | €18,148 | -€12,687 | -41.1% |
| Suppliers | 440/4 | €30,835 | €18,148 | -€12,687 | -41.1% |
| Taxes, remuneration and social security | 45 | €4,500 | €11,760 | +€7,260 | +161.3% |
| Taxes | 450/3 | €4,500 | €11,760 | +€7,260 | +161.3% |
| Other amounts payable | 47/48 | €2,005 | €8,750 | +€6,745 | +336.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,312 | €64,081 | +€769 | +1.2% |
| Other operating charges | 640/8 | €9,738 | €9,462 | -€276 | -2.8% |
| Non-recurring operating charges | 66A | €8,994 | - | -€8,994 | |
| Gross operating margin | 9900 | €263,667 | €352,964 | +€89,297 | +33.9% |
| Operating profit (loss) | 9901 | €181,623 | €279,421 | +€97,798 | +53.8% |
| Financial income | 75/76B | €643 | €11,185 | +€10,542 | +1640.4% |
| Recurring financial income | 75 | €643 | €11,185 | +€10,542 | +1640.4% |
| Financial charges | 65/66B | €27,562 | €9,381 | -€18,181 | -66.0% |
| Recurring financial charges | 65 | €27,562 | €9,381 | -€18,181 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €154,704 | €281,225 | +€126,520 | +81.8% |
| Income taxes | 67/77 | €46,735 | €87,131 | +€40,396 | +86.4% |
| Profit (loss) for the period | 9904 | €107,969 | €194,094 | +€86,125 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,969 | €194,094 | +€86,125 | +79.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.