FRANNICO: 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.
FRANNICO
Largest movements
- Tangible fixed assets +€335,764
up €335,764 (+605%), from €55,462 to €391,226
of which Land and buildings: +€349,000
- Receivables within one year -€8,506
down €8,506 (-59.5%), from €14,304 to €5,799
of which Trade receivables: -€6,301
- Debts after one year +€397,747
new in 2025: €397,747
- Profit (loss) carried forward -€74,121
down €74,121, from €65,991 to -€8,130
- Accrued charges and deferred income +€11,605
up €11,605 (+1,748%), from €664 to €12,269
- Tax, wage and social debts -€5,281
down €5,281 (-63.7%), from €8,293 to €3,012
of which Taxes: -€2,832
- Gross operating margin -€101,527
down €101,527, from €100,088 to -€1,439
- Depreciation +€44,738
up €44,738 (+304%), from €14,702 to €59,440
- Taxes -€17,714
down €17,714 (-99.5%), from €17,796 to €81
- Financial charges +€11,594
up €11,594 (+8,426%), from €138 to €11,731
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 | €168,475 | €499,614 | +€331,139 | +197% |
| Fixed assets | 21/28 | €55,462 | €391,226 | +€335,764 | +605% |
| Tangible fixed assets | 22/27 | €55,462 | €391,226 | +€335,764 | +605% |
| Land and buildings | 22 | - | €349,000 | +€349,000 | |
| Furniture and vehicles | 24 | €55,462 | €42,226 | -€13,236 | -23.9% |
| Current assets | 29/58 | €113,013 | €108,388 | -€4,625 | -4.1% |
| Amounts receivable within one year | 40/41 | €14,304 | €5,799 | -€8,506 | -59.5% |
| Trade receivables | 40 | €12,100 | €5,799 | -€6,301 | -52.1% |
| Other amounts receivable | 41 | €2,204 | €0 | -€2,204 | -100% |
| Cash at bank and in hand | 54/58 | €88,827 | €93,548 | +€4,721 | +5.3% |
| Deferred charges and accrued income | 490/1 | €9,881 | €9,041 | -€840 | -8.5% |
| Total equity and liabilities | 10/49 | €168,475 | €499,614 | +€331,139 | +197% |
| Equity | 10/15 | €159,242 | €85,121 | -€74,121 | -46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,251 | €90,251 | = | 0.0% |
| Distributable reserves | 133 | €90,251 | €90,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,991 | -€8,130 | -€74,121 | |
| Amounts payable | 17/49 | €9,233 | €414,494 | +€405,261 | +4,389% |
| Amounts payable after more than one year | 17 | - | €397,747 | +€397,747 | |
| Financial debts | 170/4 | - | €397,747 | +€397,747 | |
| Amounts payable within one year | 42/48 | €8,569 | €4,478 | -€4,091 | -47.7% |
| Trade debts | 44 | €276 | €742 | +€466 | +169% |
| Suppliers | 440/4 | €276 | €742 | +€466 | +169% |
| Taxes, remuneration and social security | 45 | €8,293 | €3,012 | -€5,281 | -63.7% |
| Taxes | 450/3 | €5,844 | €3,012 | -€2,832 | -48.5% |
| Remuneration and social security | 454/9 | €2,449 | €0 | -€2,449 | -100% |
| Other amounts payable | 47/48 | €0 | €724 | +€724 | |
| Accrued charges and deferred income | 492/3 | €664 | €12,269 | +€11,605 | +1,748% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,702 | €59,440 | +€44,738 | +304% |
| Other operating charges | 640/8 | €1,461 | €1,429 | -€32 | -2.2% |
| Gross operating margin | 9900 | €100,088 | -€1,439 | -€101,527 | |
| Operating profit (loss) | 9901 | €83,924 | -€62,309 | -€146,233 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €138 | €11,731 | +€11,594 | +8,426% |
| Recurring financial charges | 65 | €138 | €11,731 | +€11,594 | +8,426% |
| Profit (loss) for the period before taxes | 9903 | €83,787 | -€74,040 | -€157,827 | |
| Income taxes | 67/77 | €17,796 | €81 | -€17,714 | -99.5% |
| Profit (loss) for the period | 9904 | €65,991 | -€74,121 | -€140,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,991 | -€74,121 | -€140,112 |
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 21 October 2026 via checked.be.