FRANK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€69,617
down €69,617 (-67.6%), from €102,926 to €33,309
mainly Other debts (-€63,085) and Net result for the year (-€30,422)
- Receivables within one year -€24,778
down €24,778 (-66.8%), from €37,099 to €12,321
of which Other amounts receivable: -€24,422
- Other debts -€63,085
down €63,085 (-90.1%), from €70,000 to €6,915
- Reserves -€30,422
down €30,422 (-6.6%), from €461,025 to €430,604
- Gross operating margin +€10,522
up €10,522 (+22.7%), from -€46,367 to -€35,844
- Financial income -€1,079
down €1,079 (-11.4%), from €9,477 to €8,398
- Depreciation -€531
down €531 (-77.6%), from €684 to €153
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 | €547,427 | €452,962 | -€94,465 | -17.3% |
| Fixed assets | 21/28 | €915 | €762 | -€153 | -16.7% |
| Tangible fixed assets | 22/27 | €915 | €762 | -€153 | -16.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €915 | €762 | -€153 | -16.7% |
| Current assets | 29/58 | €546,512 | €452,201 | -€94,312 | -17.3% |
| Amounts receivable within one year | 40/41 | €37,099 | €12,321 | -€24,778 | -66.8% |
| Trade receivables | 40 | €357 | €0 | -€357 | -100% |
| Other amounts receivable | 41 | €36,743 | €12,321 | -€24,422 | -66.5% |
| Current investments | 50/53 | €405,511 | €405,511 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,926 | €33,309 | -€69,617 | -67.6% |
| Deferred charges and accrued income | 490/1 | €976 | €1,060 | +€84 | +8.6% |
| Total equity and liabilities | 10/49 | €547,427 | €452,962 | -€94,465 | -17.3% |
| Equity | 10/15 | €476,225 | €445,804 | -€30,422 | -6.4% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €461,025 | €430,604 | -€30,422 | -6.6% |
| Distributable reserves | 133 | €461,025 | €430,604 | -€30,422 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,202 | €7,159 | -€64,043 | -89.9% |
| Amounts payable within one year | 42/48 | €71,202 | €7,159 | -€64,043 | -89.9% |
| Trade debts | 44 | €1,197 | €244 | -€953 | -79.6% |
| Suppliers | 440/4 | €1,197 | €244 | -€953 | -79.6% |
| Taxes, remuneration and social security | 45 | €5 | €0 | -€5 | -100% |
| Taxes | 450/3 | €5 | €0 | -€5 | -100% |
| Other amounts payable | 47/48 | €70,000 | €6,915 | -€63,085 | -90.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €153 | -€531 | -77.6% |
| Other operating charges | 640/8 | €1,058 | €1,104 | +€46 | +4.4% |
| Gross operating margin | 9900 | -€46,367 | -€35,844 | +€10,522 | +22.7% |
| Operating profit (loss) | 9901 | -€48,108 | -€37,101 | +€11,006 | +22.9% |
| Financial income | 75/76B | €9,477 | €8,398 | -€1,079 | -11.4% |
| Recurring financial income | 75 | €9,477 | €8,398 | -€1,079 | -11.4% |
| Financial charges | 65/66B | €1,184 | €1,076 | -€108 | -9.1% |
| Recurring financial charges | 65 | €1,184 | €1,076 | -€108 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,815 | -€29,779 | +€10,036 | +25.2% |
| Income taxes | 67/77 | €592 | €642 | +€51 | +8.6% |
| Profit (loss) for the period | 9904 | -€40,407 | -€30,422 | +€9,985 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,407 | -€30,422 | +€9,985 | +24.7% |
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 20 October 2026 via checked.be.