FRANKEN SECURITY: 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.
FRANKEN SECURITY
Largest movements
- Tangible fixed assets +€29,603
up €29,603 (+20.1%), from €147,334 to €176,937
of which Furniture and vehicles: +€21,446
- Receivables after one year -€17,000
down €17,000 (-68.0%), from €25,000 to €8,000
- Cash -€16,350
down €16,350 (-57.5%), from €28,431 to €12,081
mainly Investment in fixed assets (net) (-€43,525) and Tax, wage and social debts (-€12,057)
- Tax, wage and social debts -€12,057
down €12,057 (-66.6%), from €18,099 to €6,042
of which Taxes: -€10,998
- Debts after one year +€11,421
up €11,421 (+12.9%), from €88,496 to €99,917
- Current portion of long-term debt +€7,428
up €7,428 (+65.1%), from €11,402 to €18,829
- Profit (loss) carried forward -€5,090
down €5,090 (-71.3%), from €7,135 to €2,045
- Trade debts -€3,666
down €3,666 (-44.4%), from €8,259 to €4,593
- Gross operating margin -€10,859
down €10,859 (-32.0%), from €33,963 to €23,104
- Other operating charges +€8,666
up €8,666 (+376.0%), from €2,305 to €10,971
- Taxes -€5,482
down €5,482 (-96.2%), from €5,699 to €217
- Depreciation +€3,129
up €3,129 (+27.7%), from €11,293 to €14,422
- Financial income -€499
down €499 (-92.3%), from €541 to €41
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.
Cash bridge derived
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 | €230,651 | €225,673 | -€4,977 | -2.2% |
| Fixed assets | 21/28 | €149,112 | €178,215 | +€29,103 | +19.5% |
| Intangible fixed assets | 21 | €1,748 | €1,248 | -€500 | -28.6% |
| Tangible fixed assets | 22/27 | €147,334 | €176,937 | +€29,603 | +20.1% |
| Land and buildings | 22 | €134,324 | €125,761 | -€8,563 | -6.4% |
| Plant, machinery and equipment | 23 | €717 | - | -€717 | |
| Furniture and vehicles | 24 | €12,293 | €33,739 | +€21,446 | +174.5% |
| Other tangible fixed assets | 26 | - | €17,437 | +€17,437 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €81,538 | €47,458 | -€34,080 | -41.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €8,000 | -€17,000 | -68.0% |
| Other amounts receivable | 291 | €25,000 | €8,000 | -€17,000 | -68.0% |
| Stocks and contracts in progress | 3 | €1,670 | €3,251 | +€1,581 | +94.7% |
| Stocks | 30/36 | €1,670 | €3,251 | +€1,581 | +94.7% |
| Amounts receivable within one year | 40/41 | €19,610 | €18,765 | -€845 | -4.3% |
| Trade receivables | 40 | €8,430 | €13,631 | +€5,200 | +61.7% |
| Other amounts receivable | 41 | €11,180 | €5,135 | -€6,045 | -54.1% |
| Cash at bank and in hand | 54/58 | €28,431 | €12,081 | -€16,350 | -57.5% |
| Deferred charges and accrued income | 490/1 | €6,828 | €5,361 | -€1,466 | -21.5% |
| Total equity and liabilities | 10/49 | €230,651 | €225,673 | -€4,977 | -2.2% |
| Equity | 10/15 | €100,359 | €92,759 | -€7,600 | -7.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €72,765 | €70,255 | -€2,510 | -3.4% |
| Distributable reserves | 133 | €72,765 | €70,255 | -€2,510 | -3.4% |
| Profit (loss) carried forward | 14 | €7,135 | €2,045 | -€5,090 | -71.3% |
| Amounts payable | 17/49 | €130,291 | €132,914 | +€2,622 | +2.0% |
| Amounts payable after more than one year | 17 | €88,496 | €99,917 | +€11,421 | +12.9% |
| Financial debts | 170/4 | €88,496 | €99,917 | +€11,421 | +12.9% |
| Amounts payable within one year | 42/48 | €41,760 | €32,595 | -€9,165 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €11,402 | €18,829 | +€7,428 | +65.1% |
| Trade debts | 44 | €8,259 | €4,593 | -€3,666 | -44.4% |
| Suppliers | 440/4 | €8,259 | €4,593 | -€3,666 | -44.4% |
| Taxes, remuneration and social security | 45 | €18,099 | €6,042 | -€12,057 | -66.6% |
| Taxes | 450/3 | €17,040 | €6,042 | -€10,998 | -64.5% |
| Remuneration and social security | 454/9 | €1,060 | - | -€1,060 | |
| Other amounts payable | 47/48 | €4,000 | €3,131 | -€870 | -21.7% |
| Accrued charges and deferred income | 492/3 | €35 | €402 | +€367 | +1048.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,293 | €14,422 | +€3,129 | +27.7% |
| Other operating charges | 640/8 | €2,305 | €10,971 | +€8,666 | +376.0% |
| Gross operating margin | 9900 | €33,963 | €23,104 | -€10,859 | -32.0% |
| Operating profit (loss) | 9901 | €20,365 | -€2,289 | -€22,654 | |
| Financial income | 75/76B | €541 | €41 | -€499 | -92.3% |
| Recurring financial income | 75 | €541 | €41 | -€499 | -92.3% |
| Financial charges | 65/66B | €2,511 | €2,625 | +€114 | +4.5% |
| Recurring financial charges | 65 | €2,511 | €2,625 | +€114 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €18,395 | -€4,873 | -€23,267 | |
| Income taxes | 67/77 | €5,699 | €217 | -€5,482 | -96.2% |
| Profit (loss) for the period | 9904 | €12,695 | -€5,090 | -€17,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,695 | -€5,090 | -€17,786 |
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 10 October 2026 via checked.be.