FRANNE: 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.
FRANNE
Largest movements
- Intangible fixed assets +€158,459
new in 2025: €158,459
- Receivables within one year +€13,096
up €13,096 (+169.6%), from €7,721 to €20,816
of which Trade receivables: +€9,788
- Cash +€5,580
up €5,580 (+79.5%), from €7,017 to €12,597
mainly Debts after one year (+€117,364) and Current portion of long-term debt (+€30,717)
- Debts after one year +€117,364
new in 2025: €117,364
- Current portion of long-term debt +€30,717
new in 2025: €30,717
- Tax, wage and social debts +€14,524
up €14,524 (+320.9%), from €4,527 to €19,051
of which Taxes: +€7,984
- Other debts +€10,180
up €10,180 (+250.1%), from €4,070 to €14,250
- Trade debts +€6,737
up €6,737 (+2614.9%), from €258 to €6,995
- Gross operating margin +€77,040
up €77,040 (+1253.7%), from €6,145 to €83,186
- Staff costs +€50,936
new in 2025: €50,936
- Depreciation +€17,817
up €17,817 (+3657.6%), from €487 to €18,304
- Financial charges +€10,539
up €10,539 (+11690.2%), from €90 to €10,629
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 | €17,151 | €197,865 | +€180,714 | +1053.7% |
| Fixed assets | 21/28 | €2,413 | €162,679 | +€160,266 | +6642.1% |
| Intangible fixed assets | 21 | - | €158,459 | +€158,459 | |
| Tangible fixed assets | 22/27 | €2,413 | €4,220 | +€1,807 | +74.9% |
| Plant, machinery and equipment | 23 | €2,413 | €3,043 | +€630 | +26.1% |
| Furniture and vehicles | 24 | - | €1,177 | +€1,177 | |
| Current assets | 29/58 | €14,738 | €35,186 | +€20,448 | +138.7% |
| Stocks and contracts in progress | 3 | - | €740 | +€740 | |
| Stocks | 30/36 | - | €740 | +€740 | |
| Amounts receivable within one year | 40/41 | €7,721 | €20,816 | +€13,096 | +169.6% |
| Trade receivables | 40 | €7,717 | €17,505 | +€9,788 | +126.8% |
| Other amounts receivable | 41 | €4 | €3,311 | +€3,307 | +88668.6% |
| Cash at bank and in hand | 54/58 | €7,017 | €12,597 | +€5,580 | +79.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,032 | +€1,032 | |
| Total equity and liabilities | 10/49 | €17,151 | €197,865 | +€180,714 | +1053.7% |
| Equity | 10/15 | €8,296 | €9,488 | +€1,191 | +14.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,796 | €7,988 | +€1,191 | +17.5% |
| Amounts payable | 17/49 | €8,854 | €188,377 | +€179,522 | +2027.5% |
| Amounts payable after more than one year | 17 | - | €117,364 | +€117,364 | |
| Financial debts | 170/4 | - | €117,364 | +€117,364 | |
| Amounts payable within one year | 42/48 | €8,854 | €71,012 | +€62,158 | +702.0% |
| Current portion of amounts payable after more than one year | 42 | - | €30,717 | +€30,717 | |
| Trade debts | 44 | €258 | €6,995 | +€6,737 | +2614.9% |
| Suppliers | 440/4 | €258 | €6,995 | +€6,737 | +2614.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,527 | €19,051 | +€14,524 | +320.9% |
| Taxes | 450/3 | €3,277 | €11,261 | +€7,984 | +243.7% |
| Remuneration and social security | 454/9 | €1,250 | €7,790 | +€6,540 | +523.2% |
| Other amounts payable | 47/48 | €4,070 | €14,250 | +€10,180 | +250.1% |
| Remuneration, social security and pensions | 62 | - | €50,936 | +€50,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €18,304 | +€17,817 | +3657.6% |
| Other operating charges | 640/8 | €267 | €658 | +€391 | +146.5% |
| Gross operating margin | 9900 | €6,145 | €83,186 | +€77,040 | +1253.7% |
| Operating profit (loss) | 9901 | €5,391 | €13,287 | +€7,896 | +146.5% |
| Financial income | 75/76B | €137 | €616 | +€479 | +349.0% |
| Recurring financial income | 75 | €137 | €616 | +€479 | +349.0% |
| Financial charges | 65/66B | €90 | €10,629 | +€10,539 | +11690.2% |
| Recurring financial charges | 65 | €90 | €10,629 | +€10,539 | +11690.2% |
| Profit (loss) for the period before taxes | 9903 | €5,438 | €3,274 | -€2,164 | -39.8% |
| Income taxes | 67/77 | €1,508 | €2,083 | +€575 | +38.1% |
| Profit (loss) for the period | 9904 | €3,930 | €1,191 | -€2,739 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,930 | €1,191 | -€2,739 | -69.7% |
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 7 October 2026 via checked.be.