FRANKATOR: 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.
FRANKATOR
Largest movements
- Tangible fixed assets +€70,399
up €70,399 (+328%), from €21,435 to €91,835
of which Leasing and similar rights: +€65,184
- Current investments +€49,500
up €49,500 (+28.2%), from €175,500 to €225,000
- Cash -€13,870
down €13,870 (-27.9%), from €49,706 to €35,836
mainly Investment in fixed assets (net) (-€90,196) and Current investments (-€49,500)
- Debts after one year +€57,194
up €57,194 (+130%), from €44,061 to €101,255
- Profit (loss) carried forward +€28,435
up €28,435 (+21.8%), from €130,512 to €158,946
- Short-term financial debts +€7,483
up €7,483 (+221%), from €3,381 to €10,863
- Trade debts +€6,875
up €6,875 (+214%), from €3,211 to €10,086
- Tax, wage and social debts +€6,513
up €6,513 (+288%), from €2,259 to €8,772
- Gross operating margin +€7,643
up €7,643 (+10.4%), from €73,472 to €81,114
- Depreciation +€4,645
up €4,645 (+30.7%), from €15,151 to €19,796
- Financial income -€2,667
down €2,667 (-50.5%), from €5,281 to €2,614
- Financial charges +€1,545
up €1,545 (+47.9%), from €3,224 to €4,770
- Taxes -€969
down €969 (-5.6%), from €17,438 to €16,470
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 | €263,944 | €373,563 | +€109,619 | +41.5% |
| Fixed assets | 21/28 | €21,435 | €91,835 | +€70,399 | +328% |
| Tangible fixed assets | 22/27 | €21,435 | €91,835 | +€70,399 | +328% |
| Plant, machinery and equipment | 23 | €6,013 | €6,826 | +€813 | +13.5% |
| Furniture and vehicles | 24 | €4,513 | €8,916 | +€4,403 | +97.6% |
| Leasing and similar rights | 25 | €10,909 | €76,093 | +€65,184 | +598% |
| Current assets | 29/58 | €242,509 | €281,728 | +€39,219 | +16.2% |
| Amounts receivable within one year | 40/41 | €16,237 | €19,102 | +€2,865 | +17.6% |
| Trade receivables | 40 | €16,091 | €17,287 | +€1,196 | +7.4% |
| Other amounts receivable | 41 | €146 | €1,814 | +€1,669 | +1,144% |
| Current investments | 50/53 | €175,500 | €225,000 | +€49,500 | +28.2% |
| Cash at bank and in hand | 54/58 | €49,706 | €35,836 | -€13,870 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,790 | +€724 | +67.9% |
| Total equity and liabilities | 10/49 | €263,944 | €373,563 | +€109,619 | +41.5% |
| Equity | 10/15 | €166,216 | €194,651 | +€28,435 | +17.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €704 | €704 | = | 0.0% |
| Distributable reserves | 133 | €704 | €704 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,512 | €158,946 | +€28,435 | +21.8% |
| Amounts payable | 17/49 | €97,727 | €178,912 | +€81,184 | +83.1% |
| Amounts payable after more than one year | 17 | €44,061 | €101,255 | +€57,194 | +130% |
| Financial debts | 170/4 | €44,061 | €101,255 | +€57,194 | +130% |
| Amounts payable within one year | 42/48 | €46,315 | €69,040 | +€22,725 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €18,076 | €19,221 | +€1,145 | +6.3% |
| Financial debts | 43 | €3,381 | €10,863 | +€7,483 | +221% |
| Other loans | 439 | €3,381 | €10,863 | +€7,483 | +221% |
| Trade debts | 44 | €3,211 | €10,086 | +€6,875 | +214% |
| Suppliers | 440/4 | €3,211 | €10,086 | +€6,875 | +214% |
| Taxes, remuneration and social security | 45 | €2,259 | €8,772 | +€6,513 | +288% |
| Taxes | 450/3 | €2,259 | €8,772 | +€6,513 | +288% |
| Other amounts payable | 47/48 | €19,389 | €20,098 | +€709 | +3.7% |
| Accrued charges and deferred income | 492/3 | €7,352 | €8,617 | +€1,265 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,151 | €19,796 | +€4,645 | +30.7% |
| Other operating charges | 640/8 | €1,911 | €2,258 | +€347 | +18.2% |
| Gross operating margin | 9900 | €73,472 | €81,114 | +€7,643 | +10.4% |
| Operating profit (loss) | 9901 | €56,410 | €59,060 | +€2,650 | +4.7% |
| Financial income | 75/76B | €5,281 | €2,614 | -€2,667 | -50.5% |
| Recurring financial income | 75 | €5,281 | €2,614 | -€2,667 | -50.5% |
| Financial charges | 65/66B | €3,224 | €4,770 | +€1,545 | +47.9% |
| Recurring financial charges | 65 | €3,224 | €4,770 | +€1,545 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €58,466 | €56,904 | -€1,562 | -2.7% |
| Income taxes | 67/77 | €17,438 | €16,470 | -€969 | -5.6% |
| Profit (loss) for the period | 9904 | €41,028 | €40,435 | -€593 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,028 | €40,435 | -€593 | -1.4% |
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 13 October 2026 via checked.be.