FRANLORD: 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.
FRANLORD
Largest movements
- Tangible fixed assets +€66,908
up €66,908 (+22.6%), from €295,908 to €362,816
of which Other tangible fixed assets: +€57,886
- Cash -€61,815
down €61,815 (-67.5%), from €91,531 to €29,716
mainly Investment in fixed assets (net) (-€129,218) and Deferred charges and accrued income (-€3,812)
- Debts after one year +€6,577
up €6,577 (+3.5%), from €187,645 to €194,222
of which Financial debts: +€3,537
- Gross operating margin -€32,224
down €32,224 (-25.6%), from €126,084 to €93,860
- Depreciation +€9,085
up €9,085 (+17.1%), from €53,226 to €62,310
- Other operating charges -€9,046
down €9,046 (-33.6%), from €26,889 to €17,843
- Financial charges -€5,582
down €5,582 (-29.7%), from €18,770 to €13,189
- Financial income -€1,632
down €1,632 (-84.5%), from €1,932 to €300
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 | €395,983 | €404,873 | +€8,890 | +2.2% |
| Fixed assets | 21/28 | €295,908 | €362,816 | +€66,908 | +22.6% |
| Tangible fixed assets | 22/27 | €295,908 | €362,816 | +€66,908 | +22.6% |
| Land and buildings | 22 | €113,102 | €94,434 | -€18,668 | -16.5% |
| Furniture and vehicles | 24 | €0 | €27,689 | +€27,689 | |
| Other tangible fixed assets | 26 | €182,806 | €240,693 | +€57,886 | +31.7% |
| Current assets | 29/58 | €100,075 | €42,057 | -€58,018 | -58.0% |
| Amounts receivable within one year | 40/41 | €5,276 | €5,262 | -€14 | -0.3% |
| Trade receivables | 40 | €5,262 | €5,262 | = | 0.0% |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100.0% |
| Cash at bank and in hand | 54/58 | €91,531 | €29,716 | -€61,815 | -67.5% |
| Deferred charges and accrued income | 490/1 | €3,268 | €7,080 | +€3,812 | +116.6% |
| Total equity and liabilities | 10/49 | €395,983 | €404,873 | +€8,890 | +2.2% |
| Equity | 10/15 | €187,707 | €188,306 | +€599 | +0.3% |
| Contributions | 10/11 | €401,588 | €401,588 | = | 0.0% |
| Capital | 10 | €401,588 | - | -€401,588 | |
| Issued capital | 100 | €401,588 | - | -€401,588 | |
| Profit (loss) carried forward | 14 | -€213,881 | -€213,282 | +€599 | +0.3% |
| Amounts payable | 17/49 | €208,277 | €216,568 | +€8,291 | +4.0% |
| Amounts payable after more than one year | 17 | €187,645 | €194,222 | +€6,577 | +3.5% |
| Financial debts | 170/4 | €171,105 | €174,642 | +€3,537 | +2.1% |
| Other amounts payable | 178/9 | €16,540 | €19,580 | +€3,040 | +18.4% |
| Amounts payable within one year | 42/48 | €19,371 | €20,357 | +€986 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €14,883 | €16,672 | +€1,788 | +12.0% |
| Trade debts | 44 | €383 | €724 | +€341 | +89.0% |
| Suppliers | 440/4 | €383 | €724 | +€341 | +89.0% |
| Taxes, remuneration and social security | 45 | €4,104 | €2,600 | -€1,504 | -36.6% |
| Taxes | 450/3 | €4,104 | €2,600 | -€1,504 | -36.6% |
| Other amounts payable | 47/48 | - | €361 | +€361 | |
| Accrued charges and deferred income | 492/3 | €1,261 | €1,988 | +€727 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,226 | €62,310 | +€9,085 | +17.1% |
| Other operating charges | 640/8 | €26,889 | €17,843 | -€9,046 | -33.6% |
| Gross operating margin | 9900 | €126,084 | €93,860 | -€32,224 | -25.6% |
| Operating profit (loss) | 9901 | €45,970 | €13,707 | -€32,263 | -70.2% |
| Financial income | 75/76B | €1,932 | €300 | -€1,632 | -84.5% |
| Recurring financial income | 75 | €1,932 | €300 | -€1,632 | -84.5% |
| Financial charges | 65/66B | €18,770 | €13,189 | -€5,582 | -29.7% |
| Recurring financial charges | 65 | €18,770 | €13,189 | -€5,582 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €29,131 | €818 | -€28,313 | -97.2% |
| Income taxes | 67/77 | €565 | €219 | -€346 | -61.3% |
| Profit (loss) for the period | 9904 | €28,566 | €599 | -€27,967 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,566 | €599 | -€27,967 | -97.9% |
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.