FRANK CRETS: 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.
FRANK CRETS
Largest movements
- Cash +€17,693
up €17,693 (+31.8%), from €55,591 to €73,283
mainly Net result for the year (+€12,424) and Other debts (+€5,287)
- Tangible fixed assets -€1,858
down €1,858 (-30.5%), from €6,093 to €4,235
- Receivables within one year -€1,224
down €1,224 (-3.6%), from €33,602 to €32,378
of which Trade receivables: -€33,602
- Profit (loss) carried forward +€12,424
up €12,424 (+25.0%), from €49,776 to €62,200
- Other debts +€5,287
up €5,287 (+14.9%), from €35,389 to €40,676
- Trade debts -€3,226
down €3,226 (-65.6%), from €4,916 to €1,690
- Gross operating margin -€2,049
down €2,049 (-9.8%), from €20,948 to €18,899
- Depreciation -€1,677
down €1,677 (-47.4%), from €3,535 to €1,858
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 | €95,286 | €109,896 | +€14,610 | +15.3% |
| Fixed assets | 21/28 | €6,093 | €4,235 | -€1,858 | -30.5% |
| Tangible fixed assets | 22/27 | €6,093 | €4,235 | -€1,858 | -30.5% |
| Plant, machinery and equipment | 23 | €2,772 | €1,970 | -€802 | -28.9% |
| Furniture and vehicles | 24 | €705 | €45 | -€660 | -93.6% |
| Other tangible fixed assets | 26 | €2,616 | €2,219 | -€397 | -15.2% |
| Current assets | 29/58 | €89,193 | €105,662 | +€16,469 | +18.5% |
| Amounts receivable within one year | 40/41 | €33,602 | €32,378 | -€1,224 | -3.6% |
| Trade receivables | 40 | €33,602 | - | -€33,602 | |
| Other amounts receivable | 41 | - | €32,378 | +€32,378 | |
| Cash at bank and in hand | 54/58 | €55,591 | €73,283 | +€17,693 | +31.8% |
| Total equity and liabilities | 10/49 | €95,286 | €109,896 | +€14,610 | +15.3% |
| Equity | 10/15 | €51,776 | €64,200 | +€12,424 | +24.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,776 | €62,200 | +€12,424 | +25.0% |
| Amounts payable | 17/49 | €43,510 | €45,696 | +€2,186 | +5.0% |
| Amounts payable within one year | 42/48 | €40,870 | €42,931 | +€2,061 | +5.0% |
| Trade debts | 44 | €4,916 | €1,690 | -€3,226 | -65.6% |
| Suppliers | 440/4 | €4,916 | €1,690 | -€3,226 | -65.6% |
| Taxes, remuneration and social security | 45 | €565 | €565 | = | 0.0% |
| Taxes | 450/3 | €565 | €565 | = | 0.0% |
| Other amounts payable | 47/48 | €35,389 | €40,676 | +€5,287 | +14.9% |
| Accrued charges and deferred income | 492/3 | €2,640 | €2,765 | +€125 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,535 | €1,858 | -€1,677 | -47.4% |
| Other operating charges | 640/8 | €644 | €660 | +€16 | +2.5% |
| Gross operating margin | 9900 | €20,948 | €18,899 | -€2,049 | -9.8% |
| Operating profit (loss) | 9901 | €16,769 | €16,380 | -€388 | -2.3% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €63 | €81 | +€19 | +30.3% |
| Recurring financial charges | 65 | €63 | €81 | +€19 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €16,711 | €16,299 | -€412 | -2.5% |
| Income taxes | 67/77 | €4,065 | €3,875 | -€190 | -4.7% |
| Profit (loss) for the period | 9904 | €12,646 | €12,424 | -€222 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,646 | €12,424 | -€222 | -1.8% |
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 28 October 2026 via checked.be.