FRANQUENIES: 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.
FRANQUENIES
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+1.3%), from €85.9m to €87.0m
- Reserves +€1.4m
up €1.4m (+7.1%), from €19.5m to €20.9m
of which Distributable reserves: +€1.4m
- Financial income +€198,158
up €198,158 (+7.7%), from €2.6m to €2.8m
of which Financial income: +€222,554
- Gross operating margin -€14,507
down €14,507, from €10,512 to -€3,995
- Financial charges -€5,274
down €5,274 (-1.1%), from €469,440 to €464,167
of which Non-recurring financial charges: -€24,464
- Other operating charges -€119
down €119 (-10.7%), from €1,118 to €998
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 | €93,337,781 | €95,006,306 | +€1.7m | +1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €85,850,157 | €86,964,620 | +€1.1m | +1.3% |
| Financial fixed assets | 28 | €85,850,157 | €86,964,620 | +€1.1m | +1.3% |
| Current assets | 29/58 | €7,487,624 | €8,041,686 | +€554,063 | +7.4% |
| Amounts receivable within one year | 40/41 | €31,599 | €48,825 | +€17,227 | +54.5% |
| Other amounts receivable | 41 | €31,599 | €48,825 | +€17,227 | +54.5% |
| Current investments | 50/53 | €7,448,915 | €7,989,887 | +€540,972 | +7.3% |
| Cash at bank and in hand | 54/58 | €7,110 | €2,974 | -€4,136 | -58.2% |
| Total equity and liabilities | 10/49 | €93,337,781 | €95,006,306 | +€1.7m | +1.8% |
| Equity | 10/15 | €70,561,760 | €71,947,679 | +€1.4m | +2.0% |
| Contributions | 10/11 | €51,056,004 | €51,056,004 | = | 0.0% |
| Capital | 10 | €51,056,004 | €51,056,004 | = | 0.0% |
| Issued capital | 100 | €51,056,004 | €51,056,004 | = | 0.0% |
| Reserves | 13 | €19,505,600 | €20,891,600 | +€1.4m | +7.1% |
| Non-distributable reserves | 130/1 | €5,105,600 | €5,105,600 | = | 0.0% |
| Legal reserve | 130 | €5,105,600 | €5,105,600 | = | 0.0% |
| Distributable reserves | 133 | €14,400,000 | €15,786,000 | +€1.4m | +9.6% |
| Profit (loss) carried forward | 14 | €156 | €75 | -€81 | -51.9% |
| Amounts payable | 17/49 | €22,776,021 | €23,058,627 | +€282,606 | +1.2% |
| Amounts payable after more than one year | 17 | €22,500,000 | €22,099,338 | -€400,662 | -1.8% |
| Financial debts | 170/4 | €22,500,000 | €22,099,338 | -€400,662 | -1.8% |
| Amounts payable within one year | 42/48 | €108,000 | €900,000 | +€792,000 | +733% |
| Taxes, remuneration and social security | 45 | €24,062 | €200,520 | +€176,458 | +733% |
| Taxes | 450/3 | €24,062 | €200,520 | +€176,458 | +733% |
| Other amounts payable | 47/48 | €83,938 | €699,480 | +€615,542 | +733% |
| Accrued charges and deferred income | 492/3 | €168,021 | €59,289 | -€108,732 | -64.7% |
| Other operating charges | 640/8 | €1,118 | €998 | -€119 | -10.7% |
| Gross operating margin | 9900 | €10,512 | -€3,995 | -€14,507 | |
| Operating profit (loss) | 9901 | €9,395 | -€4,994 | -€14,388 | |
| Financial income | 75/76B | €2,556,921 | €2,755,079 | +€198,158 | +7.7% |
| Recurring financial income | 75 | €2,532,525 | €2,755,079 | +€222,554 | +8.8% |
| Non-recurring financial income | 76B | €24,396 | - | -€24,396 | |
| Financial charges | 65/66B | €469,440 | €464,167 | -€5,274 | -1.1% |
| Recurring financial charges | 65 | €444,976 | €464,167 | +€19,190 | +4.3% |
| Non-recurring financial charges | 66B | €24,464 | - | -€24,464 | |
| Profit (loss) for the period before taxes | 9903 | €2,096,876 | €2,285,919 | +€189,043 | +9.0% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €2,096,876 | €2,285,919 | +€189,043 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,096,876 | €2,285,919 | +€189,043 | +9.0% |
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 19 October 2026 via checked.be.