FRANIM: 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.
FRANIM
Largest movements
- Current investments +€4.9m
up €4.9m (+153.4%), from €3.2m to €8.1m
- Cash -€4.1m
down €4.1m (-90.6%), from €4.5m to €423,017
mainly Current investments (-€4.9m) and Investment in fixed assets (net) (-€1.8m)
- Tangible fixed assets +€1.5m
up €1.5m (+44.4%), from €3.4m to €4.9m
of which Land and buildings: +€1.5m
- Other debts +€1.3m
up €1.3m (+24885.1%), from €5,211 to €1.3m
- Reserves +€1.0m
up €1.0m (+36.7%), from €2.8m to €3.8m
of which Distributable reserves: +€1.0m
- Financial income +€363,624
up €363,624 (+670.3%), from €54,250 to €417,874
- Depreciation +€258,696
up €258,696 (+417.5%), from €61,967 to €320,663
- Financial charges -€123,416
down €123,416 (-98.7%), from €124,995 to €1,579
of which Non-recurring financial charges: -€123,627
- Gross operating margin +€52,424
up €52,424 (+4.2%), from €1.2m to €1.3m
- Other operating charges -€31,312
down €31,312 (-71.0%), from €44,105 to €12,793
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 | €11,190,972 | €13,544,815 | +€2.4m | +21.0% |
| Fixed assets | 21/28 | €3,377,762 | €4,876,786 | +€1.5m | +44.4% |
| Tangible fixed assets | 22/27 | €3,377,762 | €4,876,786 | +€1.5m | +44.4% |
| Land and buildings | 22 | €3,283,876 | €4,813,880 | +€1.5m | +46.6% |
| Plant, machinery and equipment | 23 | €22,452 | €16,839 | -€5,613 | -25.0% |
| Furniture and vehicles | 24 | €71,434 | €46,067 | -€25,367 | -35.5% |
| Current assets | 29/58 | €7,813,210 | €8,668,029 | +€854,819 | +10.9% |
| Amounts receivable within one year | 40/41 | €121,685 | €125,470 | +€3,785 | +3.1% |
| Trade receivables | 40 | €15,000 | €3,305 | -€11,695 | -78.0% |
| Other amounts receivable | 41 | €106,685 | €122,165 | +€15,480 | +14.5% |
| Current investments | 50/53 | €3,204,052 | €8,119,541 | +€4.9m | +153.4% |
| Cash at bank and in hand | 54/58 | €4,487,473 | €423,017 | -€4.1m | -90.6% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €11,190,972 | €13,544,815 | +€2.4m | +21.0% |
| Equity | 10/15 | €10,785,466 | €11,796,073 | +€1.0m | +9.4% |
| Contributions | 10/11 | €1,347,000 | €1,347,000 | = | 0.0% |
| Reserves | 13 | €2,753,289 | €3,763,969 | +€1.0m | +36.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,747,089 | €3,757,769 | +€1.0m | +36.8% |
| Profit (loss) carried forward | 14 | €6,685,177 | €6,685,104 | -€73 | 0.0% |
| Amounts payable | 17/49 | €405,506 | €1,748,742 | +€1.3m | +331.2% |
| Amounts payable within one year | 42/48 | €61,262 | €1,390,954 | +€1.3m | +2170.5% |
| Trade debts | 44 | €9,411 | €10,137 | +€726 | +7.7% |
| Suppliers | 440/4 | €9,411 | €10,137 | +€726 | +7.7% |
| Taxes, remuneration and social security | 45 | €46,640 | €78,845 | +€32,205 | +69.1% |
| Taxes | 450/3 | €46,640 | €78,845 | +€32,205 | +69.1% |
| Other amounts payable | 47/48 | €5,211 | €1,301,972 | +€1.3m | +24885.1% |
| Accrued charges and deferred income | 492/3 | €344,244 | €357,788 | +€13,544 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,967 | €320,663 | +€258,696 | +417.5% |
| Other operating charges | 640/8 | €44,105 | €12,793 | -€31,312 | -71.0% |
| Gross operating margin | 9900 | €1,249,767 | €1,302,191 | +€52,424 | +4.2% |
| Operating profit (loss) | 9901 | €1,143,695 | €968,735 | -€174,960 | -15.3% |
| Financial income | 75/76B | €54,250 | €417,874 | +€363,624 | +670.3% |
| Recurring financial income | 75 | €54,250 | €417,874 | +€363,624 | +670.3% |
| Financial charges | 65/66B | €124,995 | €1,579 | -€123,416 | -98.7% |
| Recurring financial charges | 65 | €1,368 | €1,579 | +€211 | +15.4% |
| Non-recurring financial charges | 66B | €123,627 | - | -€123,627 | |
| Profit (loss) for the period before taxes | 9903 | €1,072,950 | €1,385,030 | +€312,080 | +29.1% |
| Income taxes | 67/77 | €375,633 | €374,423 | -€1,210 | -0.3% |
| Profit (loss) for the period | 9904 | €697,317 | €1,010,607 | +€313,290 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €697,317 | €1,010,607 | +€313,290 | +44.9% |
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.