FRANICC: 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.
FRANICC
Largest movements
- Stocks and contracts -€1,877
down €1,877 (-5.3%), from €35,329 to €33,452
- Deferred charges and accrued income -€1,360
down €1,360 (-64.4%), from €2,112 to €752
- Cash -€834
down €834 (-36.3%), from €2,300 to €1,466
mainly Net result for the year (-€20,949) and Short-term financial debts (-€3,165)
- Receivables within one year -€690
down €690 (-87.8%), from €786 to €96
of which Trade receivables: -€594
- Tangible fixed assets +€684
up €684 (+4.7%), from €14,504 to €15,188
of which Assets under construction and advance payments: +€1,730
- Profit (loss) carried forward -€20,949
down €20,949 (-13.8%), from -€152,103 to -€173,052
- Other debts +€8,384
up €8,384 (+7.4%), from €113,010 to €121,394
- Tax, wage and social debts +€7,168
up €7,168 (+33.4%), from €21,458 to €28,626
of which Remuneration and social security: +€6,137
- Trade debts +€4,939
up €4,939 (+181%), from €2,732 to €7,671
- Short-term financial debts -€3,165
down €3,165 (-11.0%), from €28,689 to €25,524
- Staff costs +€5,466
up €5,466 (+11.6%), from €47,245 to €52,711
- Gross operating margin +€2,083
up €2,083 (+6.6%), from €31,472 to €33,555
- Financial income -€648
down €648 (-12.7%), from €5,114 to €4,466
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,031 | €50,954 | -€4,077 | -7.4% |
| Fixed assets | 21/28 | €14,504 | €15,188 | +€684 | +4.7% |
| Tangible fixed assets | 22/27 | €14,504 | €15,188 | +€684 | +4.7% |
| Land and buildings | 22 | €10,179 | €9,133 | -€1,046 | -10.3% |
| Assets under construction and advance payments | 27 | €4,325 | €6,055 | +€1,730 | +40.0% |
| Current assets | 29/58 | €40,527 | €35,766 | -€4,761 | -11.7% |
| Stocks and contracts in progress | 3 | €35,329 | €33,452 | -€1,877 | -5.3% |
| Stocks | 30/36 | €35,329 | €33,452 | -€1,877 | -5.3% |
| Amounts receivable within one year | 40/41 | €786 | €96 | -€690 | -87.8% |
| Trade receivables | 40 | €690 | €96 | -€594 | -86.1% |
| Other amounts receivable | 41 | €96 | €0 | -€96 | -100% |
| Cash at bank and in hand | 54/58 | €2,300 | €1,466 | -€834 | -36.3% |
| Deferred charges and accrued income | 490/1 | €2,112 | €752 | -€1,360 | -64.4% |
| Total equity and liabilities | 10/49 | €55,031 | €50,954 | -€4,077 | -7.4% |
| Equity | 10/15 | -€111,978 | -€132,927 | -€20,949 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,525 | €21,525 | = | 0.0% |
| Tax-exempt reserves | 132 | €550 | €550 | = | 0.0% |
| Distributable reserves | 133 | €20,975 | €20,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,103 | -€173,052 | -€20,949 | -13.8% |
| Amounts payable | 17/49 | €167,009 | €183,881 | +€16,872 | +10.1% |
| Amounts payable within one year | 42/48 | €166,394 | €183,214 | +€16,820 | +10.1% |
| Financial debts | 43 | €28,689 | €25,524 | -€3,165 | -11.0% |
| Credit institutions | 430/8 | €28,689 | €25,524 | -€3,165 | -11.0% |
| Trade debts | 44 | €2,732 | €7,671 | +€4,939 | +181% |
| Suppliers | 440/4 | €2,732 | €7,671 | +€4,939 | +181% |
| Advances received on contracts in progress | 46 | €505 | €0 | -€505 | -100% |
| Taxes, remuneration and social security | 45 | €21,458 | €28,626 | +€7,168 | +33.4% |
| Taxes | 450/3 | €8,070 | €9,101 | +€1,031 | +12.8% |
| Remuneration and social security | 454/9 | €13,388 | €19,525 | +€6,137 | +45.8% |
| Other amounts payable | 47/48 | €113,010 | €121,394 | +€8,384 | +7.4% |
| Accrued charges and deferred income | 492/3 | €615 | €666 | +€52 | +8.4% |
| Remuneration, social security and pensions | 62 | €47,245 | €52,711 | +€5,466 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,339 | €1,046 | -€292 | -21.8% |
| Other operating charges | 640/8 | €2,195 | €2,299 | +€104 | +4.8% |
| Gross operating margin | 9900 | €31,472 | €33,555 | +€2,083 | +6.6% |
| Operating profit (loss) | 9901 | -€19,306 | -€22,502 | -€3,195 | -16.6% |
| Financial income | 75/76B | €5,114 | €4,466 | -€648 | -12.7% |
| Recurring financial income | 75 | €5,114 | €4,466 | -€648 | -12.7% |
| Financial charges | 65/66B | €2,918 | €2,913 | -€5 | -0.2% |
| Recurring financial charges | 65 | €2,918 | €2,913 | -€5 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,110 | -€20,949 | -€3,839 | -22.4% |
| Profit (loss) for the period | 9904 | -€17,110 | -€20,949 | -€3,839 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,110 | -€20,949 | -€3,839 | -22.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.