Franfin: 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.
Franfin
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+183023.7%), from €724 to €1.3m
- Tangible fixed assets -€981,951
down €981,951 (-59.9%), from €1.6m to €658,341
of which Land and buildings: -€961,726
- Intangible fixed assets -€172,622
down €172,622 (-15.4%), from €1.1m to €948,711
- Cash -€40,745
down €40,745 (-85.6%), from €47,612 to €6,866
mainly Investment in fixed assets (net) (-€401,194) and Other debts (-€73,290)
- Profit (loss) carried forward +€288,873
up €288,873 (+10.5%), from -€2.7m to -€2.5m
- Other debts -€73,290
down €73,290 (-44.0%), from €166,489 to €93,199
- Debts after one year -€72,783
down €72,783 (-53.1%), from €137,176 to €64,393
of which Financial debts: -€72,783
- Gross operating margin +€487,726
up €487,726 (+587.2%), from €83,062 to €570,787
- Depreciation -€40,149
down €40,149 (-14.8%), from €270,915 to €230,766
- Other operating charges -€22,528
down €22,528 (-31.9%), from €70,642 to €48,114
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 | €2,838,309 | €2,980,814 | +€142,505 | +5.0% |
| Fixed assets | 21/28 | €2,762,349 | €2,932,776 | +€170,427 | +6.2% |
| Intangible fixed assets | 21 | €1,121,333 | €948,711 | -€172,622 | -15.4% |
| Tangible fixed assets | 22/27 | €1,640,293 | €658,341 | -€981,951 | -59.9% |
| Land and buildings | 22 | €1,462,086 | €500,359 | -€961,726 | -65.8% |
| Plant, machinery and equipment | 23 | €178,207 | €157,982 | -€20,225 | -11.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €724 | €1,325,724 | +€1.3m | +183023.7% |
| Current assets | 29/58 | €75,960 | €48,038 | -€27,922 | -36.8% |
| Amounts receivable within one year | 40/41 | €27,327 | €40,000 | +€12,673 | +46.4% |
| Trade receivables | 40 | €27,327 | €40,000 | +€12,673 | +46.4% |
| Cash at bank and in hand | 54/58 | €47,612 | €6,866 | -€40,745 | -85.6% |
| Deferred charges and accrued income | 490/1 | €1,022 | €1,172 | +€150 | +14.7% |
| Total equity and liabilities | 10/49 | €2,838,309 | €2,980,814 | +€142,505 | +5.0% |
| Equity | 10/15 | €2,460,280 | €2,749,153 | +€288,873 | +11.7% |
| Contributions | 10/11 | €5,162,537 | €5,162,537 | = | 0.0% |
| Capital | 10 | €5,162,537 | - | -€5.2m | |
| Issued capital | 100 | €5,162,537 | - | -€5.2m | |
| Reserves | 13 | €37,185 | €37,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,185 | €37,185 | = | 0.0% |
| Legal reserve | 130 | €37,185 | - | -€37,185 | |
| Reserves not available under the articles | 1311 | - | €37,185 | +€37,185 | |
| Profit (loss) carried forward | 14 | -€2,739,442 | -€2,450,570 | +€288,873 | +10.5% |
| Amounts payable | 17/49 | €378,029 | €231,662 | -€146,367 | -38.7% |
| Amounts payable after more than one year | 17 | €137,176 | €64,393 | -€72,783 | -53.1% |
| Financial debts | 170/4 | €109,636 | €36,853 | -€72,783 | -66.4% |
| Other amounts payable | 178/9 | €27,540 | €27,540 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,853 | €167,269 | -€73,585 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €71,569 | €72,783 | +€1,214 | +1.7% |
| Trade debts | 44 | €2,796 | €1,287 | -€1,509 | -54.0% |
| Suppliers | 440/4 | €2,796 | €1,287 | -€1,509 | -54.0% |
| Other amounts payable | 47/48 | €166,489 | €93,199 | -€73,290 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,915 | €230,766 | -€40,149 | -14.8% |
| Other operating charges | 640/8 | €70,642 | €48,114 | -€22,528 | -31.9% |
| Gross operating margin | 9900 | €83,062 | €570,787 | +€487,726 | +587.2% |
| Operating profit (loss) | 9901 | -€258,496 | €291,906 | +€550,403 | |
| Financial charges | 65/66B | €5,988 | €3,034 | -€2,954 | -49.3% |
| Recurring financial charges | 65 | €5,988 | €3,034 | -€2,954 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€264,484 | €288,873 | +€553,357 | |
| Profit (loss) for the period | 9904 | -€264,484 | €288,873 | +€553,357 | |
| Profit (loss) for the period to be appropriated | 9905 | -€264,484 | €288,873 | +€553,357 |
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 29 September 2026 via checked.be.