FRANJAC: 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.
FRANJAC
Largest movements
- Tangible fixed assets -€32,705
down €32,705 (-11.7%), from €280,056 to €247,351
- Other debts +€228,650
up €228,650 (+209.9%), from €108,943 to €337,593
- Debts after one year -€106,145
down €106,145 (-29.2%), from €364,026 to €257,881
of which Other amounts payable: -€106,145
- Profit (loss) carried forward -€81,366
down €81,366 (-48.1%), from -€169,074 to -€250,440
- Current portion of long-term debt -€69,616
no longer reported in 2023 (was €69,616)
- Staff costs +€5,624
new in 2023: €5,624
- Gross operating margin -€4,862
down €4,862 (-25.2%), from -€19,293 to -€24,156
- Financial charges -€2,983
down €2,983 (-18.9%), from €15,814 to €12,830
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €921,513 | €892,177 | -€29,336 | -3.2% |
| Fixed assets | 21/28 | €281,131 | €248,426 | -€32,705 | -11.6% |
| Tangible fixed assets | 22/27 | €280,056 | €247,351 | -€32,705 | -11.7% |
| Land and buildings | 22 | €280,056 | €247,351 | -€32,705 | -11.7% |
| Financial fixed assets | 28 | €1,075 | €1,075 | = | 0.0% |
| Current assets | 29/58 | €640,382 | €643,751 | +€3,369 | +0.5% |
| Amounts receivable within one year | 40/41 | €631,331 | €638,196 | +€6,865 | +1.1% |
| Trade receivables | 40 | €43,924 | €43,924 | = | 0.0% |
| Other amounts receivable | 41 | €587,406 | €594,271 | +€6,865 | +1.2% |
| Current investments | 50/53 | €952 | €952 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,004 | €3,139 | -€3,866 | -55.2% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,465 | +€369 | +33.7% |
| Total equity and liabilities | 10/49 | €921,513 | €892,177 | -€29,336 | -3.2% |
| Equity | 10/15 | €201,551 | €120,185 | -€81,366 | -40.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €351,875 | €351,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,074 | -€250,440 | -€81,366 | -48.1% |
| Amounts payable | 17/49 | €719,962 | €771,992 | +€52,030 | +7.2% |
| Amounts payable after more than one year | 17 | €364,026 | €257,881 | -€106,145 | -29.2% |
| Financial debts | 170/4 | €241,231 | €241,231 | = | 0.0% |
| Other amounts payable | 178/9 | €122,795 | €16,650 | -€106,145 | -86.4% |
| Amounts payable within one year | 42/48 | €355,772 | €513,947 | +€158,175 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €69,616 | - | -€69,616 | |
| Trade debts | 44 | €15,063 | €14,204 | -€859 | -5.7% |
| Suppliers | 440/4 | €15,063 | €14,204 | -€859 | -5.7% |
| Taxes, remuneration and social security | 45 | €162,151 | €162,151 | = | 0.0% |
| Taxes | 450/3 | €162,151 | €162,151 | = | 0.0% |
| Other amounts payable | 47/48 | €108,943 | €337,593 | +€228,650 | +209.9% |
| Accrued charges and deferred income | 492/3 | €164 | €164 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €5,624 | +€5,624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,705 | €32,705 | = | 0.0% |
| Other operating charges | 640/8 | €5,884 | €6,052 | +€168 | +2.9% |
| Non-recurring operating charges | 66A | €78,939 | - | -€78,939 | |
| Gross operating margin | 9900 | -€19,293 | -€24,156 | -€4,862 | -25.2% |
| Operating profit (loss) | 9901 | -€136,822 | -€68,536 | +€68,286 | +49.9% |
| Financial charges | 65/66B | €15,814 | €12,830 | -€2,983 | -18.9% |
| Recurring financial charges | 65 | €15,814 | €12,830 | -€2,983 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€152,635 | -€81,366 | +€71,269 | +46.7% |
| Profit (loss) for the period | 9904 | -€152,635 | -€81,366 | +€71,269 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,635 | -€81,366 | +€71,269 | +46.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.