FRANOT: 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.
FRANOT
Largest movements
- Cash +€58,593
up €58,593 (+88.2%), from €66,423 to €125,016
mainly Net result for the year (+€38,754) and Tax, wage and social debts (+€14,682)
- Tangible fixed assets -€9,716
down €9,716 (-19.3%), from €50,263 to €40,547
of which Furniture and vehicles: -€5,331
- Receivables within one year -€3,916
down €3,916 (-25.5%), from €15,352 to €11,435
of which Trade receivables: -€3,323
- Deferred charges and accrued income +€2,059
up €2,059 (+51.6%), from €3,990 to €6,050
- Reserves +€37,088
up €37,088 (+49.1%), from €75,485 to €112,573
- Tax, wage and social debts +€14,682
up €14,682 (+34.7%), from €42,367 to €57,049
- Trade debts -€3,106
down €3,106 (-48.8%), from €6,367 to €3,261
- Other debts -€2,128
down €2,128 (-22.3%), from €9,549 to €7,421
- Gross operating margin -€42,488
down €42,488 (-37.2%), from €114,176 to €71,688
- Taxes -€9,997
down €9,997 (-42.8%), from €23,356 to €13,359
- Depreciation +€6,957
up €6,957 (+161%), from €4,333 to €11,290
- Other operating charges -€2,361
down €2,361 (-46.0%), from €5,133 to €2,772
- Financial charges +€1,359
up €1,359 (+32.7%), from €4,153 to €5,512
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 | €138,768 | €185,788 | +€47,019 | +33.9% |
| Fixed assets | 21/28 | €53,003 | €43,287 | -€9,716 | -18.3% |
| Tangible fixed assets | 22/27 | €50,263 | €40,547 | -€9,716 | -19.3% |
| Plant, machinery and equipment | 23 | €9,511 | €6,001 | -€3,510 | -36.9% |
| Furniture and vehicles | 24 | €32,260 | €26,929 | -€5,331 | -16.5% |
| Other tangible fixed assets | 26 | €8,492 | €7,617 | -€875 | -10.3% |
| Financial fixed assets | 28 | €2,740 | €2,740 | = | 0.0% |
| Current assets | 29/58 | €85,765 | €142,501 | +€56,735 | +66.2% |
| Amounts receivable within one year | 40/41 | €15,352 | €11,435 | -€3,916 | -25.5% |
| Trade receivables | 40 | €14,547 | €11,224 | -€3,323 | -22.8% |
| Other amounts receivable | 41 | €804 | €211 | -€593 | -73.8% |
| Cash at bank and in hand | 54/58 | €66,423 | €125,016 | +€58,593 | +88.2% |
| Deferred charges and accrued income | 490/1 | €3,990 | €6,050 | +€2,059 | +51.6% |
| Total equity and liabilities | 10/49 | €138,768 | €185,788 | +€47,019 | +33.9% |
| Equity | 10/15 | €80,485 | €117,573 | +€37,088 | +46.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,485 | €112,573 | +€37,088 | +49.1% |
| Distributable reserves | 133 | €75,485 | €112,573 | +€37,088 | +49.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,283 | €68,214 | +€9,931 | +17.0% |
| Amounts payable within one year | 42/48 | €58,283 | €67,732 | +€9,448 | +16.2% |
| Trade debts | 44 | €6,367 | €3,261 | -€3,106 | -48.8% |
| Suppliers | 440/4 | €6,367 | €3,261 | -€3,106 | -48.8% |
| Taxes, remuneration and social security | 45 | €42,367 | €57,049 | +€14,682 | +34.7% |
| Taxes | 450/3 | €42,367 | €57,049 | +€14,682 | +34.7% |
| Other amounts payable | 47/48 | €9,549 | €7,421 | -€2,128 | -22.3% |
| Accrued charges and deferred income | 492/3 | - | €483 | +€483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,333 | €11,290 | +€6,957 | +161% |
| Other operating charges | 640/8 | €5,133 | €2,772 | -€2,361 | -46.0% |
| Gross operating margin | 9900 | €114,176 | €71,688 | -€42,488 | -37.2% |
| Operating profit (loss) | 9901 | €104,709 | €57,625 | -€47,084 | -45.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -97.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -97.0% |
| Financial charges | 65/66B | €4,153 | €5,512 | +€1,359 | +32.7% |
| Recurring financial charges | 65 | €4,153 | €5,512 | +€1,359 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €100,559 | €52,113 | -€48,445 | -48.2% |
| Income taxes | 67/77 | €23,356 | €13,359 | -€9,997 | -42.8% |
| Profit (loss) for the period | 9904 | €77,203 | €38,754 | -€38,449 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,203 | €38,754 | -€38,449 | -49.8% |
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 22 October 2026 via checked.be.