FrankLin: 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.
FrankLin
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+47.0%), from €2.8m to €4.1m
of which Other amounts receivable: +€778,297
- Cash -€1.1m
down €1.1m (-68.2%), from €1.6m to €519,699
mainly Receivables within one year (-€1.3m) and Other debts (-€1.1m)
- Receivables after one year +€150,000
new in 2025: €150,000
- Tangible fixed assets -€66,746
down €66,746 (-28.4%), from €235,282 to €168,537
of which Furniture and vehicles: -€65,582
- Other debts -€1.1m
down €1.1m (-100.0%), from €1.1m to €1
- Reserves +€1.0m
up €1.0m (+39.7%), from €2.6m to €3.7m
of which Distributable reserves: +€1.0m
- Trade debts +€434,440
up €434,440 (+77.1%), from €563,484 to €997,924
- Financial income +€1.3m
up €1.3m (+30,762%), from €4,145 to €1.3m
of which Non-recurring financial income: +€1.3m
- Gross operating margin -€947,606
down €947,606 (-47.8%), from €2.0m to €1.0m
- Staff costs -€362,395
down €362,395 (-36.6%), from €990,135 to €627,740
- Taxes +€224,460
up €224,460 (+85.0%), from €264,215 to €488,675
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 | €5,136,758 | €5,418,936 | +€282,178 | +5.5% |
| Fixed assets | 21/28 | €319,334 | €283,135 | -€36,198 | -11.3% |
| Intangible fixed assets | 21 | €74,286 | €104,833 | +€30,547 | +41.1% |
| Tangible fixed assets | 22/27 | €235,282 | €168,537 | -€66,746 | -28.4% |
| Plant, machinery and equipment | 23 | €2,762 | €1,598 | -€1,164 | -42.1% |
| Furniture and vehicles | 24 | €232,521 | €166,939 | -€65,582 | -28.2% |
| Financial fixed assets | 28 | €9,765 | €9,765 | = | 0.0% |
| Current assets | 29/58 | €4,817,424 | €5,135,800 | +€318,376 | +6.6% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Trade receivables | 290 | - | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | €2,756,254 | €4,053,010 | +€1.3m | +47.0% |
| Trade receivables | 40 | €27,396 | €545,854 | +€518,458 | +1,892% |
| Other amounts receivable | 41 | €2,728,858 | €3,507,156 | +€778,297 | +28.5% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,635,793 | €519,699 | -€1.1m | -68.2% |
| Deferred charges and accrued income | 490/1 | €25,377 | €13,091 | -€12,286 | -48.4% |
| Total equity and liabilities | 10/49 | €5,136,758 | €5,418,936 | +€282,178 | +5.5% |
| Equity | 10/15 | €3,175,321 | €4,218,249 | +€1.0m | +32.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,624,303 | €3,667,231 | +€1.0m | +39.7% |
| Tax-exempt reserves | 132 | €1,682 | €1,682 | = | 0.0% |
| Distributable reserves | 133 | €2,622,621 | €3,665,549 | +€1.0m | +39.8% |
| Profit (loss) carried forward | 14 | €501,018 | €501,018 | = | 0.0% |
| Amounts payable | 17/49 | €1,961,437 | €1,200,687 | -€760,750 | -38.8% |
| Amounts payable after more than one year | 17 | €90,447 | €60,361 | -€30,086 | -33.3% |
| Financial debts | 170/4 | €90,447 | €60,361 | -€30,086 | -33.3% |
| Amounts payable within one year | 42/48 | €1,870,990 | €1,140,326 | -€730,664 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €29,159 | €30,086 | +€927 | +3.2% |
| Financial debts | 43 | €50 | - | -€50 | |
| Credit institutions | 430/8 | €50 | - | -€50 | |
| Trade debts | 44 | €563,484 | €997,924 | +€434,440 | +77.1% |
| Suppliers | 440/4 | €563,484 | €997,924 | +€434,440 | +77.1% |
| Taxes, remuneration and social security | 45 | €164,290 | €112,315 | -€51,976 | -31.6% |
| Taxes | 450/3 | €49,846 | €32,997 | -€16,849 | -33.8% |
| Remuneration and social security | 454/9 | €114,444 | €79,317 | -€35,127 | -30.7% |
| Other amounts payable | 47/48 | €1,114,006 | €1 | -€1.1m | -100.0% |
| Non-recurring operating income | 76A | €11,200 | - | -€11,200 | |
| Remuneration, social security and pensions | 62 | €990,135 | €627,740 | -€362,395 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,717 | €134,792 | -€14,925 | -10.0% |
| Other operating charges | 640/8 | €2,473 | €3,076 | +€603 | +24.4% |
| Non-recurring operating charges | 66A | - | €9,145 | +€9,145 | |
| Gross operating margin | 9900 | €1,983,550 | €1,035,944 | -€947,606 | -47.8% |
| Operating profit (loss) | 9901 | €841,225 | €261,190 | -€580,035 | -69.0% |
| Financial income | 75/76B | €4,145 | €1,279,349 | +€1.3m | +30,762% |
| Recurring financial income | 75 | €4,145 | €8,504 | +€4,359 | +105% |
| Non-recurring financial income | 76B | - | €1,270,845 | +€1.3m | |
| Financial charges | 65/66B | €7,104 | €8,936 | +€1,831 | +25.8% |
| Recurring financial charges | 65 | €7,104 | €8,936 | +€1,831 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €838,266 | €1,531,603 | +€693,338 | +82.7% |
| Income taxes | 67/77 | €264,215 | €488,675 | +€224,460 | +85.0% |
| Profit (loss) for the period | 9904 | €574,051 | €1,042,928 | +€468,877 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €574,051 | €1,042,928 | +€468,877 | +81.7% |
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 15 October 2026 via checked.be.