FRANKI: 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.
What changed
FRANKI
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€594,425
2024 · €2.3m-€2.9m
Equity
€10.0m
2024 · €10.6m-€600,436
Cash
€4.1m
2024 · €1.8m+€2.3m
Balance sheet total
€39.1m
2024 · €41.7m-€2.6m
Largest movements
Assets
- Receivables within one year -€4.9m
down €4.9m (-14.6%), from €33.2m to €28.4m
of which Other amounts receivable: -€3.9m
- Cash +€2.3m
up €2.3m (+126%), from €1.8m to €4.1m
mainly Receivables within one year (+€4.9m) and Trade debts (+€1.2m)
Equity and liabilities
- Debts after one year -€2.2m
down €2.2m (-55.3%), from €4.0m to €1.8m
- Other debts -€1.3m
down €1.3m (-15.0%), from €8.7m to €7.4m
- Trade debts +€1.2m
up €1.2m (+8.6%), from €13.5m to €14.6m
- Profit (loss) carried forward -€594,425
down €594,425 (-11.2%), from -€5.3m to -€5.9m
- Current portion of long-term debt +€574,109
up €574,109 (+19.4%), from €3.0m to €3.5m
Income statement
- Goods and materials +€12.4m
up €12.4m (+17.5%), from €71.0m to €83.4m
of which Purchases: +€12.3m
- Turnover +€9.5m
up €9.5m (+10.8%), from €88.4m to €97.9m
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.
Result 2024
€2.3m
Turnover
+€9.5m
Other operating income
-€791,137
Goods and materials
-€12.4m
Services and other goods
-€539,372
Staff costs
+€441,733
Depreciation
-€8,452
Other operating charges
+€552,979
Other operating items
-€26,468
Financial income
+€52,701
Financial charges
+€169,708
Taxes
+€176,355
Result 2025
-€594,425
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.3m
Investment
-€342,473
Financing
-€1.6m
Cash 2024
€1.8m
From operations (derived)
+€4.3m
Net result for the year
-€594,425
Depreciation
+€368,060
Stocks and contracts
-€3,365
Receivables within one year
+€4.9m
Deferred charges and accrued income
+€33,092
Trade debts
+€1.2m
Tax, wage and social debts
-€213,107
Other debts
-€1.3m
Accrued charges and deferred income
-€37,545
Investment (derived)
-€342,473
Investment in fixed assets (net)
-€342,473
Financing
-€1.6m
Debts after one year
-€2.2m
Current portion of long-term debt
+€574,109
Contributions, distributions and other
-€6,011
Cash 2025
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,686,743 | €39,069,613 | -€2.6m | -6.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,186,067 | €6,160,480 | -€25,587 | -0.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,447,255 | €4,104,608 | -€342,647 | -7.7% |
| Land and buildings | 22 | €4,166,056 | €3,914,585 | -€251,471 | -6.0% |
| Plant, machinery and equipment | 23 | €235,010 | €168,515 | -€66,495 | -28.3% |
| Furniture and vehicles | 24 | €43,113 | €20,489 | -€22,625 | -52.5% |
| Leasing and similar rights | 25 | €3,076 | €1,020 | -€2,056 | -66.9% |
| Financial fixed assets | 28 | €1,738,812 | €2,055,872 | +€317,060 | +18.2% |
| Other financial fixed assets | 284/8 | €1,738,812 | €2,055,872 | +€317,060 | +18.2% |
| Shares | 284 | €134,172 | €130,847 | -€3,325 | -2.5% |
| Amounts receivable and cash guarantees | 285/8 | €1,604,640 | €1,925,025 | +€320,385 | +20.0% |
| Current assets | 29/58 | €35,500,676 | €32,909,133 | -€2.6m | -7.3% |
| Stocks and contracts in progress | 3 | €385,828 | €389,193 | +€3,365 | +0.9% |
| Stocks | 30/36 | €385,828 | €389,193 | +€3,365 | +0.9% |
| Raw materials and consumables | 30/31 | €385,828 | €389,193 | +€3,365 | +0.9% |
| Amounts receivable within one year | 40/41 | €33,237,308 | €28,383,851 | -€4.9m | -14.6% |
| Trade receivables | 40 | €20,599,890 | €19,618,935 | -€980,956 | -4.8% |
| Other amounts receivable | 41 | €12,637,417 | €8,764,916 | -€3.9m | -30.6% |
| Cash at bank and in hand | 54/58 | €1,823,364 | €4,115,004 | +€2.3m | +126% |
| Deferred charges and accrued income | 490/1 | €54,177 | €21,085 | -€33,092 | -61.1% |
| Total equity and liabilities | 10/49 | €41,686,743 | €39,069,613 | -€2.6m | -6.3% |
| Equity | 10/15 | €10,617,327 | €10,016,892 | -€600,436 | -5.7% |
| Contributions | 10/11 | €12,275,000 | €12,275,000 | = | 0.0% |
| Capital | 10 | €12,275,000 | €12,275,000 | = | 0.0% |
| Issued capital | 100 | €12,275,000 | €12,275,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,493,653 | €2,309,627 | -€184,027 | -7.4% |
| Reserves | 13 | €1,015,293 | €1,199,320 | +€184,027 | +18.1% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,826 | €25,826 | = | 0.0% |
| Distributable reserves | 133 | €789,467 | €973,493 | +€184,027 | +23.3% |
| Profit (loss) carried forward | 14 | -€5,285,337 | -€5,879,762 | -€594,425 | -11.2% |
| Investment grants | 15 | €118,718 | €112,707 | -€6,011 | -5.1% |
| Amounts payable | 17/49 | €31,069,416 | €29,052,721 | -€2.0m | -6.5% |
| Amounts payable after more than one year | 17 | €3,962,740 | €1,770,592 | -€2.2m | -55.3% |
| Financial debts | 170/4 | €3,962,740 | €1,770,592 | -€2.2m | -55.3% |
| Subordinated loans | 170 | - | €0 | = | |
| Unsubordinated bonds | 171 | €1,547,619 | €928,571 | -€619,048 | -40.0% |
| Leasing and similar obligations | 172 | €1,202 | €0 | -€1,202 | -100% |
| Credit institutions | 173 | €1,663,155 | €842,021 | -€821,134 | -49.4% |
| Other loans | 174 | €750,765 | €0 | -€750,765 | -100% |
| Amounts payable within one year | 42/48 | €26,665,722 | €26,878,721 | +€212,999 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €2,957,464 | €3,531,573 | +€574,109 | +19.4% |
| Trade debts | 44 | €13,490,041 | €14,645,306 | +€1.2m | +8.6% |
| Suppliers | 440/4 | €13,490,041 | €14,645,306 | +€1.2m | +8.6% |
| Taxes, remuneration and social security | 45 | €1,554,986 | €1,341,879 | -€213,107 | -13.7% |
| Taxes | 450/3 | €609,243 | €318,910 | -€290,334 | -47.7% |
| Remuneration and social security | 454/9 | €945,743 | €1,022,969 | +€77,226 | +8.2% |
| Other amounts payable | 47/48 | €8,663,231 | €7,359,963 | -€1.3m | -15.0% |
| Accrued charges and deferred income | 492/3 | €440,953 | €403,408 | -€37,545 | -8.5% |
| Operating income | 70/76A | €89,788,794 | €98,479,417 | +€8.7m | +9.7% |
| Turnover | 70 | €88,394,418 | €97,902,646 | +€9.5m | +10.8% |
| Other operating income | 74 | €1,367,909 | €576,771 | -€791,137 | -57.8% |
| Non-recurring operating income | 76A | €26,468 | - | -€26,468 | |
| Operating charges | 60/66A | €86,463,276 | €98,459,717 | +€12.0m | +13.9% |
| Goods for resale, raw materials and consumables | 60 | €70,986,919 | €83,430,247 | +€12.4m | +17.5% |
| Purchases | 600/8 | €71,136,459 | €83,433,613 | +€12.3m | +17.3% |
| Change in stocks: decrease (increase) | 609 | -€149,540 | -€3,365 | +€146,175 | +97.7% |
| Services and other goods | 61 | €4,895,438 | €5,434,810 | +€539,372 | +11.0% |
| Remuneration, social security and pensions | 62 | €9,507,870 | €9,066,137 | -€441,733 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,607 | €368,060 | +€8,452 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €713,441 | €160,463 | -€552,979 | -77.5% |
| Operating profit (loss) | 9901 | €3,325,518 | €19,700 | -€3.3m | -99.4% |
| Financial income | 75/76B | €40,379 | €93,080 | +€52,701 | +131% |
| Recurring financial income | 75 | €40,379 | €93,080 | +€52,701 | +131% |
| Other financial income | 752/9 | €40,379 | €93,080 | +€52,701 | +131% |
| Financial charges | 65/66B | €848,937 | €679,230 | -€169,708 | -20.0% |
| Recurring financial charges | 65 | €848,937 | €679,230 | -€169,708 | -20.0% |
| Debt charges | 650 | €590,135 | €401,436 | -€188,699 | -32.0% |
| Other financial charges | 652/9 | €258,803 | €277,794 | +€18,991 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €2,516,960 | -€566,450 | -€3.1m | |
| Income taxes | 67/77 | €204,330 | €27,975 | -€176,355 | -86.3% |
| Taxes | 670/3 | €212,890 | €35,660 | -€177,229 | -83.2% |
| Tax adjustments and reversals of tax provisions | 77 | €8,560 | €7,686 | -€874 | -10.2% |
| Profit (loss) for the period | 9904 | €2,312,630 | -€594,425 | -€2.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,312,630 | -€594,425 | -€2.9m |
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 15 October 2026 via checked.be.