FRANKINET: what changed
Two fiscal 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.
FRANKINET
Largest movements
- Receivables within one year -€90,480
down €90,480 (-36.4%), from €248,573 to €158,093
of which Trade receivables: -€101,410
- Cash -€4,309
down €4,309 (-44.7%), from €9,641 to €5,332
mainly Advances received (-€50,670) and Short-term financial debts (-€36,738)
- Advances received -€50,670
down €50,670 (-31.7%), from €160,000 to €109,330
- Short-term financial debts -€36,738
down €36,738 (-65.2%), from €56,350 to €19,612
- Trade debts -€28,269
down €28,269 (-51.3%), from €55,075 to €26,806
- Other debts +€9,178
up €9,178 (+152.4%), from €6,021 to €15,200
- Profit (loss) carried forward +€8,992
up €8,992 (+44.0%), from -€20,425 to -€11,434
- Staff costs -€25,985
down €25,985 (-13.4%), from €193,262 to €167,277
- Gross operating margin +€21,800
up €21,800 (+14.6%), from €149,810 to €171,610
- Write-downs -€2,970
no longer reported in 2025 (was €2,970)
- Taxes -€1,803
down €1,803, from €731 to -€1,072
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 | €315,100 | €217,708 | -€97,392 | -30.9% |
| Fixed assets | 21/28 | €24,217 | €21,785 | -€2,431 | -10.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €10,371 | €7,940 | -€2,431 | -23.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €325 | €0 | -€325 | -100.0% |
| Other tangible fixed assets | 26 | €10,046 | €7,940 | -€2,106 | -21.0% |
| Financial fixed assets | 28 | €13,845 | €13,845 | = | 0.0% |
| Current assets | 29/58 | €290,883 | €195,922 | -€94,960 | -32.6% |
| Stocks and contracts in progress | 3 | €32,669 | €32,498 | -€171 | -0.5% |
| Stocks | 30/36 | €32,669 | €32,498 | -€171 | -0.5% |
| Amounts receivable within one year | 40/41 | €248,573 | €158,093 | -€90,480 | -36.4% |
| Trade receivables | 40 | €127,908 | €26,497 | -€101,410 | -79.3% |
| Other amounts receivable | 41 | €120,665 | €131,595 | +€10,930 | +9.1% |
| Cash at bank and in hand | 54/58 | €9,641 | €5,332 | -€4,309 | -44.7% |
| Total equity and liabilities | 10/49 | €315,100 | €217,708 | -€97,392 | -30.9% |
| Equity | 10/15 | €26 | €9,018 | +€8,992 | +34824.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,425 | -€11,434 | +€8,992 | +44.0% |
| Amounts payable | 17/49 | €315,074 | €208,690 | -€106,383 | -33.8% |
| Amounts payable within one year | 42/48 | €315,074 | €208,690 | -€106,383 | -33.8% |
| Financial debts | 43 | €56,350 | €19,612 | -€36,738 | -65.2% |
| Credit institutions | 430/8 | €56,350 | €19,612 | -€36,738 | -65.2% |
| Trade debts | 44 | €55,075 | €26,806 | -€28,269 | -51.3% |
| Suppliers | 440/4 | €55,075 | €26,806 | -€28,269 | -51.3% |
| Advances received on contracts in progress | 46 | €160,000 | €109,330 | -€50,670 | -31.7% |
| Taxes, remuneration and social security | 45 | €37,627 | €37,742 | +€115 | +0.3% |
| Taxes | 450/3 | €10,035 | €12,838 | +€2,802 | +27.9% |
| Remuneration and social security | 454/9 | €27,592 | €24,904 | -€2,687 | -9.7% |
| Other amounts payable | 47/48 | €6,021 | €15,200 | +€9,178 | +152.4% |
| Remuneration, social security and pensions | 62 | €193,262 | €167,277 | -€25,985 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,496 | €2,431 | -€65 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,970 | - | -€2,970 | |
| Other operating charges | 640/8 | €691 | €539 | -€152 | -22.0% |
| Gross operating margin | 9900 | €149,810 | €171,610 | +€21,800 | +14.6% |
| Operating profit (loss) | 9901 | -€49,609 | €1,362 | +€50,971 | |
| Financial income | 75/76B | €13,284 | €12,366 | -€918 | -6.9% |
| Recurring financial income | 75 | €13,284 | €12,366 | -€918 | -6.9% |
| Financial charges | 65/66B | €5,682 | €5,809 | +€127 | +2.2% |
| Recurring financial charges | 65 | €5,682 | €5,809 | +€127 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,007 | €7,920 | +€49,927 | |
| Income taxes | 67/77 | €731 | -€1,072 | -€1,803 | |
| Profit (loss) for the period | 9904 | -€42,738 | €8,992 | +€51,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,738 | €8,992 | +€51,730 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.