FRANIVER: 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.
FRANIVER
Largest movements
- Cash +€18,541
up €18,541 (+56.2%), from €33,012 to €51,552
mainly Stocks and contracts (+€13,326) and Receivables within one year (+€8,991)
- Stocks and contracts -€13,326
down €13,326 (-86.2%), from €15,457 to €2,131
of which Stocks: -€13,326
- Receivables within one year -€8,991
down €8,991 (-26.6%), from €33,803 to €24,812
of which Trade receivables: -€15,431
- Tangible fixed assets -€5,808
down €5,808 (-17.2%), from €33,703 to €27,894
of which Furniture and vehicles: -€4,511
- Trade debts -€8,268
down €8,268 (-58.9%), from €14,028 to €5,760
- Tax, wage and social debts -€1,340
down €1,340 (-51.3%), from €2,612 to €1,272
of which Remuneration and social security: -€938
- Gross operating margin -€35,292
down €35,292 (-37.7%), from €93,658 to €58,366
- Other operating charges -€29,330
down €29,330 (-68.8%), from €42,647 to €13,317
- Staff costs -€3,456
down €3,456 (-8.5%), from €40,613 to €37,157
- Depreciation -€2,671
down €2,671 (-31.5%), from €8,479 to €5,808
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 | €116,991 | €107,880 | -€9,111 | -7.8% |
| Fixed assets | 21/28 | €33,988 | €28,179 | -€5,808 | -17.1% |
| Tangible fixed assets | 22/27 | €33,703 | €27,894 | -€5,808 | -17.2% |
| Land and buildings | 22 | €13,031 | €13,031 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,999 | €3,701 | -€1,297 | -26.0% |
| Furniture and vehicles | 24 | €15,673 | €11,162 | -€4,511 | -28.8% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €83,003 | €79,700 | -€3,303 | -4.0% |
| Stocks and contracts in progress | 3 | €15,457 | €2,131 | -€13,326 | -86.2% |
| Stocks | 30/36 | €15,457 | €2,131 | -€13,326 | -86.2% |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €33,803 | €24,812 | -€8,991 | -26.6% |
| Trade receivables | 40 | €27,571 | €12,140 | -€15,431 | -56.0% |
| Other amounts receivable | 41 | €6,232 | €12,672 | +€6,440 | +103% |
| Current investments | 50/53 | - | €600 | +€600 | |
| Cash at bank and in hand | 54/58 | €33,012 | €51,552 | +€18,541 | +56.2% |
| Deferred charges and accrued income | 490/1 | €732 | €605 | -€127 | -17.4% |
| Total equity and liabilities | 10/49 | €116,991 | €107,880 | -€9,111 | -7.8% |
| Equity | 10/15 | €100,150 | €100,261 | +€111 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €81,558 | €81,669 | +€111 | +0.1% |
| Distributable reserves | 133 | €81,558 | €81,669 | +€111 | +0.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,841 | €7,618 | -€9,222 | -54.8% |
| Amounts payable within one year | 42/48 | €16,841 | €7,618 | -€9,222 | -54.8% |
| Trade debts | 44 | €14,028 | €5,760 | -€8,268 | -58.9% |
| Suppliers | 440/4 | €14,028 | €5,760 | -€8,268 | -58.9% |
| Taxes, remuneration and social security | 45 | €2,612 | €1,272 | -€1,340 | -51.3% |
| Taxes | 450/3 | €445 | €44 | -€401 | -90.1% |
| Remuneration and social security | 454/9 | €2,167 | €1,228 | -€938 | -43.3% |
| Other amounts payable | 47/48 | €201 | €586 | +€385 | +192% |
| Remuneration, social security and pensions | 62 | €40,613 | €37,157 | -€3,456 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,479 | €5,808 | -€2,671 | -31.5% |
| Other operating charges | 640/8 | €42,647 | €13,317 | -€29,330 | -68.8% |
| Gross operating margin | 9900 | €93,658 | €58,366 | -€35,292 | -37.7% |
| Operating profit (loss) | 9901 | €1,919 | €2,084 | +€165 | +8.6% |
| Financial charges | 65/66B | €561 | €363 | -€198 | -35.3% |
| Recurring financial charges | 65 | €561 | €363 | -€198 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €1,357 | €1,721 | +€363 | +26.8% |
| Income taxes | 67/77 | €964 | €1,610 | +€646 | +67.0% |
| Profit (loss) for the period | 9904 | €394 | €111 | -€282 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €394 | €111 | -€282 | -71.8% |
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 15 October 2026 via checked.be.