FRANOTEX: 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.
FRANOTEX
Largest movements
- Tangible fixed assets -€110,735
down €110,735 (-6.5%), from €1.7m to €1.6m
of which Land and buildings: -€77,187
- Receivables within one year -€52,301
down €52,301 (-38.2%), from €136,799 to €84,498
of which Trade receivables: -€39,574
- Cash +€39,032
up €39,032 (+51.9%), from €75,219 to €114,251
mainly Net result for the year (+€175,441) and Depreciation (+€128,275)
- Debts after one year -€232,590
down €232,590 (-20.0%), from €1.2m to €932,062
- Reserves +€175,441
up €175,441 (+10.4%), from €1.7m to €1.9m
of which Distributable reserves: +€183,354
- Other debts +€46,174
up €46,174 (+8.0%), from €575,322 to €621,496
- Accrued charges and deferred income -€45,433
down €45,433 (-93.6%), from €48,535 to €3,101
- Gross operating margin +€41,617
up €41,617 (+10.7%), from €390,341 to €431,958
- Taxes +€33,318
up €33,318 (+115.7%), from €28,808 to €62,126
- Depreciation -€31,432
down €31,432 (-19.7%), from €159,707 to €128,275
- Financial charges -€25,042
down €25,042 (-30.7%), from €81,669 to €56,627
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 | €3,852,245 | €3,771,732 | -€80,514 | -2.1% |
| Fixed assets | 21/28 | €3,587,599 | €3,476,864 | -€110,735 | -3.1% |
| Tangible fixed assets | 22/27 | €1,698,893 | €1,588,158 | -€110,735 | -6.5% |
| Land and buildings | 22 | €1,553,173 | €1,475,986 | -€77,187 | -5.0% |
| Plant, machinery and equipment | 23 | €16,497 | €29,116 | +€12,619 | +76.5% |
| Furniture and vehicles | 24 | €95,958 | €56,812 | -€39,146 | -40.8% |
| Leasing and similar rights | 25 | €33,265 | €24,204 | -€9,061 | -27.2% |
| Other tangible fixed assets | 26 | - | €2,040 | +€2,040 | |
| Financial fixed assets | 28 | €1,888,706 | €1,888,706 | = | 0.0% |
| Current assets | 29/58 | €264,646 | €294,868 | +€30,221 | +11.4% |
| Stocks and contracts in progress | 3 | €37,020 | €72,813 | +€35,793 | +96.7% |
| Stocks | 30/36 | €37,020 | €72,813 | +€35,793 | +96.7% |
| Amounts receivable within one year | 40/41 | €136,799 | €84,498 | -€52,301 | -38.2% |
| Trade receivables | 40 | €124,056 | €84,482 | -€39,574 | -31.9% |
| Other amounts receivable | 41 | €12,743 | €16 | -€12,727 | -99.9% |
| Cash at bank and in hand | 54/58 | €75,219 | €114,251 | +€39,032 | +51.9% |
| Deferred charges and accrued income | 490/1 | €15,609 | €23,305 | +€7,697 | +49.3% |
| Total equity and liabilities | 10/49 | €3,852,245 | €3,771,732 | -€80,514 | -2.1% |
| Equity | 10/15 | €1,793,775 | €1,969,216 | +€175,441 | +9.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,693,775 | €1,869,216 | +€175,441 | +10.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,676 | €102,763 | -€7,913 | -7.1% |
| Distributable reserves | 133 | €1,573,099 | €1,756,453 | +€183,354 | +11.7% |
| Provisions and deferred taxes | 16 | €46,489 | €43,161 | -€3,329 | -7.2% |
| Deferred taxes | 168 | €46,489 | €43,161 | -€3,329 | -7.2% |
| Amounts payable | 17/49 | €2,011,981 | €1,759,355 | -€252,626 | -12.6% |
| Amounts payable after more than one year | 17 | €1,164,651 | €932,062 | -€232,590 | -20.0% |
| Financial debts | 170/4 | €1,164,651 | €932,062 | -€232,590 | -20.0% |
| Amounts payable within one year | 42/48 | €798,795 | €824,192 | +€25,397 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €167,278 | €157,132 | -€10,146 | -6.1% |
| Trade debts | 44 | €38,689 | €34,498 | -€4,191 | -10.8% |
| Suppliers | 440/4 | €38,689 | €34,498 | -€4,191 | -10.8% |
| Taxes, remuneration and social security | 45 | €17,506 | €11,066 | -€6,440 | -36.8% |
| Taxes | 450/3 | €17,506 | €11,066 | -€6,440 | -36.8% |
| Other amounts payable | 47/48 | €575,322 | €621,496 | +€46,174 | +8.0% |
| Accrued charges and deferred income | 492/3 | €48,535 | €3,101 | -€45,433 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,707 | €128,275 | -€31,432 | -19.7% |
| Other operating charges | 640/8 | €11,605 | €12,892 | +€1,287 | +11.1% |
| Non-recurring operating charges | 66A | €20,538 | €0 | -€20,538 | -100.0% |
| Gross operating margin | 9900 | €390,341 | €431,958 | +€41,617 | +10.7% |
| Operating profit (loss) | 9901 | €198,491 | €290,791 | +€92,300 | +46.5% |
| Financial income | 75/76B | €9 | €74 | +€65 | +728.0% |
| Recurring financial income | 75 | €9 | €74 | +€65 | +728.0% |
| Financial charges | 65/66B | €81,669 | €56,627 | -€25,042 | -30.7% |
| Recurring financial charges | 65 | €81,669 | €56,627 | -€25,042 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €116,831 | €234,238 | +€117,407 | +100.5% |
| Transfer from deferred taxes | 780 | €3,324 | €3,329 | +€5 | +0.2% |
| Income taxes | 67/77 | €28,808 | €62,126 | +€33,318 | +115.7% |
| Profit (loss) for the period | 9904 | €91,347 | €175,441 | +€84,094 | +92.1% |
| Transfer from tax-exempt reserves | 789 | €7,913 | €7,913 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,260 | €183,354 | +€84,094 | +84.7% |
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.