FRANGIPANI: 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.
What changed
FRANGIPANI
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€116,296
2024 · €805,796-€689,500
Equity
€1.7m
2024 · €1.6m+€116,296
Cash
€308,428
2024 · €13,156+€295,272
Balance sheet total
€2.9m
2024 · €2.8m+€93,538
Largest movements
Assets
- Stocks and contracts -€527,425
down €527,425 (-50.3%), from €1.0m to €520,528
- Receivables within one year +€474,977
up €474,977 (+2,870%), from €16,552 to €491,529
- Cash +€295,272
up €295,272 (+2,244%), from €13,156 to €308,428
mainly Stocks and contracts (+€527,425) and Current investments (+€150,000)
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
Equity and liabilities
- Profit (loss) carried forward +€116,296
up €116,296 (+30.8%), from -€377,202 to -€260,906
- Other debts -€68,782
down €68,782 (-8.3%), from €825,413 to €756,631
- Tax, wage and social debts +€55,635
up €55,635 (+5,940%), from €937 to €56,572
Income statement
- Gross operating margin -€1.0m
down €1.0m (-88.7%), from €1.2m to €132,219
- Financial charges -€60,414
down €60,414 (-86.6%), from €69,740 to €9,326
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.
Result 2024
€805,796
Gross operating margin
-€1.0m
Other operating charges
-€4,859
Financial income
+€1,760
Financial charges
+€60,414
Taxes
+€232
Deferred taxes and other
+€289,630
Result 2025
€116,296
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€145,488
Investment
+€150,000
Financing
-€216
Cash 2024
€13,156
From operations (derived)
+€145,488
Net result for the year
+€116,296
Stocks and contracts
+€527,425
Receivables within one year
-€474,977
Deferred charges and accrued income
-€714
Trade debts
-€9,395
Tax, wage and social debts
+€55,635
Other debts
-€68,782
Investment (derived)
+€150,000
Current investments
+€150,000
Financing
-€216
Short-term financial debts
-€216
Cash 2025
€308,428
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,846,544 | €2,940,082 | +€93,538 | +3.3% |
| Fixed assets | 21/28 | €1,618,280 | €1,618,280 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €1,618,280 | €1,618,280 | = | 0.0% |
| Current assets | 29/58 | €1,228,264 | €1,321,802 | +€93,538 | +7.6% |
| Stocks and contracts in progress | 3 | €1,047,953 | €520,528 | -€527,425 | -50.3% |
| Stocks | 30/36 | €1,047,953 | €520,528 | -€527,425 | -50.3% |
| Amounts receivable within one year | 40/41 | €16,552 | €491,529 | +€474,977 | +2,870% |
| Other amounts receivable | 41 | €16,552 | €491,529 | +€474,977 | +2,870% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €13,156 | €308,428 | +€295,272 | +2,244% |
| Deferred charges and accrued income | 490/1 | €602 | €1,317 | +€714 | +119% |
| Total equity and liabilities | 10/49 | €2,846,544 | €2,940,082 | +€93,538 | +3.3% |
| Equity | 10/15 | €1,567,185 | €1,683,481 | +€116,296 | +7.4% |
| Contributions | 10/11 | €90,481 | €90,481 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,853,906 | €1,853,906 | = | 0.0% |
| Non-distributable reserves | 130/1 | €812 | €812 | = | 0.0% |
| Reserves not available under the articles | 1311 | €812 | €812 | = | 0.0% |
| Tax-exempt reserves | 132 | €868,889 | €868,889 | = | 0.0% |
| Distributable reserves | 133 | €984,204 | €984,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,202 | -€260,906 | +€116,296 | +30.8% |
| Provisions and deferred taxes | 16 | €289,630 | €289,630 | = | 0.0% |
| Deferred taxes | 168 | €289,630 | €289,630 | = | 0.0% |
| Amounts payable | 17/49 | €989,729 | €966,971 | -€22,758 | -2.3% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €836,379 | €813,622 | -€22,758 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €216 | €0 | -€216 | -100% |
| Credit institutions | 430/8 | €216 | €0 | -€216 | -100% |
| Trade debts | 44 | €9,814 | €419 | -€9,395 | -95.7% |
| Suppliers | 440/4 | €9,814 | €419 | -€9,395 | -95.7% |
| Taxes, remuneration and social security | 45 | €937 | €56,572 | +€55,635 | +5,940% |
| Taxes | 450/3 | €937 | €56,572 | +€55,635 | +5,940% |
| Other amounts payable | 47/48 | €825,413 | €756,631 | -€68,782 | -8.3% |
| Accrued charges and deferred income | 492/3 | €3,349 | €3,349 | = | 0.0% |
| Non-recurring operating income | 76A | €1,192,387 | €0 | -€1.2m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €3,801 | €8,660 | +€4,859 | +128% |
| Gross operating margin | 9900 | €1,168,895 | €132,219 | -€1.0m | -88.7% |
| Operating profit (loss) | 9901 | €1,165,094 | €123,558 | -€1.0m | -89.4% |
| Financial income | 75/76B | €479 | €2,239 | +€1,760 | +367% |
| Recurring financial income | 75 | €479 | €2,239 | +€1,760 | +367% |
| Financial charges | 65/66B | €69,740 | €9,326 | -€60,414 | -86.6% |
| Recurring financial charges | 65 | €69,740 | €9,326 | -€60,414 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €1,095,834 | €116,471 | -€979,362 | -89.4% |
| Transfer to deferred taxes | 680 | €289,630 | €0 | -€289,630 | -100% |
| Income taxes | 67/77 | €408 | €175 | -€232 | -57.0% |
| Profit (loss) for the period | 9904 | €805,796 | €116,296 | -€689,500 | -85.6% |
| Transfer to tax-exempt reserves | 689 | €868,889 | €0 | -€868,889 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,093 | €116,296 | +€179,389 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.