Frank: 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.
Frank
Largest movements
- Stocks and contracts +€2.3m
new in 2024: €2.3m
- Tangible fixed assets -€2.2m
down €2.2m (-100.0%), from €2.2m to €0
- Other debts +€222,930
up €222,930 (+35.2%), from €633,448 to €856,378
- Profit (loss) carried forward -€131,860
down €131,860 (-66.2%), from -€199,076 to -€330,936
- Depreciation -€92,645
down €92,645 (-100.0%), from €92,645 to €0
- Financial charges +€81,063
up €81,063 (+8343.9%), from €972 to €82,035
- Gross operating margin +€52,804
up €52,804 (+54.4%), from -€97,044 to -€44,240
- Other operating charges -€2,829
down €2,829 (-33.6%), from €8,415 to €5,585
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 | €2,236,881 | €2,327,096 | +€90,215 | +4.0% |
| Fixed assets | 21/28 | €2,235,000 | €0 | -€2.2m | -100.0% |
| Tangible fixed assets | 22/27 | €2,235,000 | €0 | -€2.2m | -100.0% |
| Land and buildings | 22 | €2,235,000 | €0 | -€2.2m | -100.0% |
| Current assets | 29/58 | €1,881 | €2,327,096 | +€2.3m | +123586.3% |
| Stocks and contracts in progress | 3 | - | €2,316,131 | +€2.3m | |
| Stocks | 30/36 | - | €2,316,131 | +€2.3m | |
| Amounts receivable within one year | 40/41 | €1,823 | €522 | -€1,301 | -71.4% |
| Trade receivables | 40 | - | €522 | +€522 | |
| Other amounts receivable | 41 | €1,823 | €0 | -€1,823 | -100.0% |
| Cash at bank and in hand | 54/58 | €59 | €284 | +€225 | +384.7% |
| Deferred charges and accrued income | 490/1 | - | €10,160 | +€10,160 | |
| Total equity and liabilities | 10/49 | €2,236,881 | €2,327,096 | +€90,215 | +4.0% |
| Equity | 10/15 | -€198,076 | -€329,936 | -€131,860 | -66.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,076 | -€330,936 | -€131,860 | -66.2% |
| Amounts payable | 17/49 | €2,434,957 | €2,657,032 | +€222,075 | +9.1% |
| Amounts payable within one year | 42/48 | €2,434,957 | €2,657,032 | +€222,075 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €1,800,000 | €1,800,000 | = | 0.0% |
| Trade debts | 44 | €1,509 | €654 | -€855 | -56.7% |
| Suppliers | 440/4 | €1,509 | €654 | -€855 | -56.7% |
| Other amounts payable | 47/48 | €633,448 | €856,378 | +€222,930 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,645 | €0 | -€92,645 | -100.0% |
| Other operating charges | 640/8 | €8,415 | €5,585 | -€2,829 | -33.6% |
| Gross operating margin | 9900 | -€97,044 | -€44,240 | +€52,804 | +54.4% |
| Operating profit (loss) | 9901 | -€198,104 | -€49,825 | +€148,279 | +74.8% |
| Financial charges | 65/66B | €972 | €82,035 | +€81,063 | +8343.9% |
| Recurring financial charges | 65 | €972 | €82,035 | +€81,063 | +8343.9% |
| Profit (loss) for the period before taxes | 9903 | -€199,076 | -€131,860 | +€67,215 | +33.8% |
| Profit (loss) for the period | 9904 | -€199,076 | -€131,860 | +€67,215 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€199,076 | -€131,860 | +€67,215 | +33.8% |
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 28 September 2026 via checked.be.