FRANKLIN FIVE: 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 FIVE
Largest movements
- Tangible fixed assets -€188,733
down €188,733 (-3.7%), from €5.1m to €4.9m
of which Land and buildings: -€190,313
- Debts after one year +€1.4m
up €1.4m (+40.0%), from €3.5m to €4.9m
of which Other amounts payable: +€1.6m
- Other debts -€1.4m
down €1.4m (-99.4%), from €1.4m to €8,891
- Profit (loss) carried forward -€378,131
down €378,131 (-122%), from -€309,918 to -€688,049
- Tax, wage and social debts +€129,104
up €129,104 (+590%), from €21,869 to €150,974
- Financial charges +€176,361
up €176,361 (+244%), from €72,172 to €248,532
of which Non-recurring financial charges: +€150,974
- Gross operating margin -€82,550
down €82,550 (-40.5%), from €203,996 to €121,446
- Other operating charges -€12,838
down €12,838 (-99.4%), from €12,918 to €80
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,141,139 | €4,953,703 | -€187,436 | -3.6% |
| Fixed assets | 21/28 | €5,059,415 | €4,870,682 | -€188,733 | -3.7% |
| Tangible fixed assets | 22/27 | €5,059,415 | €4,870,682 | -€188,733 | -3.7% |
| Land and buildings | 22 | €5,045,981 | €4,855,668 | -€190,313 | -3.8% |
| Plant, machinery and equipment | 23 | - | €4,575 | +€4,575 | |
| Furniture and vehicles | 24 | €13,434 | €10,438 | -€2,996 | -22.3% |
| Current assets | 29/58 | €81,724 | €83,021 | +€1,297 | +1.6% |
| Amounts receivable within one year | 40/41 | €59,938 | €55,409 | -€4,529 | -7.6% |
| Trade receivables | 40 | €58,607 | €46,184 | -€12,422 | -21.2% |
| Other amounts receivable | 41 | €1,332 | €9,225 | +€7,894 | +593% |
| Cash at bank and in hand | 54/58 | €19,720 | €4,329 | -€15,390 | -78.0% |
| Deferred charges and accrued income | 490/1 | €2,066 | €23,282 | +€21,217 | +1,027% |
| Total equity and liabilities | 10/49 | €5,141,139 | €4,953,703 | -€187,436 | -3.6% |
| Equity | 10/15 | -€26,216 | -€418,094 | -€391,878 | -1,495% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,918 | -€688,049 | -€378,131 | -122% |
| Investment grants | 15 | €233,702 | €219,954 | -€13,747 | -5.9% |
| Amounts payable | 17/49 | €5,167,355 | €5,371,797 | +€204,443 | +4.0% |
| Amounts payable after more than one year | 17 | €3,522,059 | €4,932,488 | +€1.4m | +40.0% |
| Financial debts | 170/4 | €3,442,059 | €3,222,488 | -€219,570 | -6.4% |
| Other amounts payable | 178/9 | €80,000 | €1,710,000 | +€1.6m | +2,038% |
| Amounts payable within one year | 42/48 | €1,644,984 | €439,309 | -€1.2m | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €215,243 | €221,598 | +€6,355 | +3.0% |
| Trade debts | 44 | €9,993 | €57,847 | +€47,854 | +479% |
| Suppliers | 440/4 | €9,993 | €57,847 | +€47,854 | +479% |
| Taxes, remuneration and social security | 45 | €21,869 | €150,974 | +€129,104 | +590% |
| Taxes | 450/3 | €21,869 | €150,974 | +€129,104 | +590% |
| Other amounts payable | 47/48 | €1,397,879 | €8,891 | -€1.4m | -99.4% |
| Accrued charges and deferred income | 492/3 | €312 | - | -€312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,922 | €264,712 | -€1,210 | -0.5% |
| Other operating charges | 640/8 | €12,918 | €80 | -€12,838 | -99.4% |
| Gross operating margin | 9900 | €203,996 | €121,446 | -€82,550 | -40.5% |
| Operating profit (loss) | 9901 | -€74,844 | -€143,346 | -€68,502 | -91.5% |
| Financial income | 75/76B | €13,787 | €13,747 | -€40 | -0.3% |
| Recurring financial income | 75 | €13,787 | €13,747 | -€40 | -0.3% |
| Financial charges | 65/66B | €72,172 | €248,532 | +€176,361 | +244% |
| Recurring financial charges | 65 | €72,172 | €97,559 | +€25,387 | +35.2% |
| Non-recurring financial charges | 66B | - | €150,974 | +€150,974 | |
| Profit (loss) for the period before taxes | 9903 | -€133,228 | -€378,131 | -€244,903 | -184% |
| Profit (loss) for the period | 9904 | -€133,228 | -€378,131 | -€244,903 | -184% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,228 | -€378,131 | -€244,903 | -184% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.