FRANQUET: 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.
FRANQUET
Largest movements
- Cash +€496,353
up €496,353 (+261%), from €189,891 to €686,245
mainly Net result for the year (+€812,443) and Other debts (+€645,490)
- Receivables within one year +€362,169
up €362,169 (+75.1%), from €482,339 to €844,509
of which Trade receivables: +€298,881
- Stocks and contracts +€86,283
up €86,283 (+33.5%), from €257,850 to €344,133
of which Stocks: +€95,818
- Other debts +€645,490
up €645,490 (+418%), from €154,521 to €800,010
- Trade debts +€219,139
up €219,139 (+245%), from €89,581 to €308,720
of which Suppliers: +€226,206
- Accrued charges and deferred income +€98,974
up €98,974 (+386%), from €25,649 to €124,623
- Tax, wage and social debts -€26,910
down €26,910 (-19.9%), from €135,075 to €108,165
of which Taxes: -€32,149
- Gross operating margin +€411,569
up €411,569 (+24.8%), from €1.7m to €2.1m
- Staff costs +€116,268
up €116,268 (+14.1%), from €826,791 to €943,059
- Taxes +€77,526
up €77,526 (+38.8%), from €199,806 to €277,332
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 | €1,028,409 | €1,979,928 | +€951,519 | +92.5% |
| Fixed assets | 21/28 | €89,873 | €87,869 | -€2,004 | -2.2% |
| Intangible fixed assets | 21 | €4,728 | €1,196 | -€3,532 | -74.7% |
| Tangible fixed assets | 22/27 | €52,088 | €55,517 | +€3,429 | +6.6% |
| Land and buildings | 22 | €31,936 | €24,888 | -€7,048 | -22.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €20,152 | €30,629 | +€10,477 | +52.0% |
| Financial fixed assets | 28 | €33,056 | €31,156 | -€1,900 | -5.7% |
| Current assets | 29/58 | €938,537 | €1,892,059 | +€953,522 | +102% |
| Stocks and contracts in progress | 3 | €257,850 | €344,133 | +€86,283 | +33.5% |
| Stocks | 30/36 | €189,178 | €284,997 | +€95,818 | +50.6% |
| Contracts in progress | 37 | €68,672 | €59,137 | -€9,535 | -13.9% |
| Amounts receivable within one year | 40/41 | €482,339 | €844,509 | +€362,169 | +75.1% |
| Trade receivables | 40 | €455,029 | €753,910 | +€298,881 | +65.7% |
| Other amounts receivable | 41 | €27,310 | €90,599 | +€63,289 | +232% |
| Cash at bank and in hand | 54/58 | €189,891 | €686,245 | +€496,353 | +261% |
| Deferred charges and accrued income | 490/1 | €8,456 | €17,172 | +€8,717 | +103% |
| Total equity and liabilities | 10/49 | €1,028,409 | €1,979,928 | +€951,519 | +92.5% |
| Equity | 10/15 | €623,084 | €635,526 | +€12,443 | +2.0% |
| Contributions | 10/11 | €19,201 | €19,201 | = | 0.0% |
| Reserves | 13 | €1,920 | €1,920 | = | 0.0% |
| Distributable reserves | 133 | €1,920 | €1,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €601,962 | €614,405 | +€12,443 | +2.1% |
| Amounts payable | 17/49 | €405,326 | €1,344,402 | +€939,076 | +232% |
| Amounts payable within one year | 42/48 | €379,677 | €1,219,779 | +€840,102 | +221% |
| Trade debts | 44 | €89,581 | €308,720 | +€219,139 | +245% |
| Suppliers | 440/4 | €82,514 | €308,720 | +€226,206 | +274% |
| Bills of exchange payable | 441 | €7,067 | €0 | -€7,067 | -100% |
| Advances received on contracts in progress | 46 | €500 | €2,884 | +€2,384 | +477% |
| Taxes, remuneration and social security | 45 | €135,075 | €108,165 | -€26,910 | -19.9% |
| Taxes | 450/3 | €40,815 | €8,666 | -€32,149 | -78.8% |
| Remuneration and social security | 454/9 | €94,260 | €99,499 | +€5,239 | +5.6% |
| Other amounts payable | 47/48 | €154,521 | €800,010 | +€645,490 | +418% |
| Accrued charges and deferred income | 492/3 | €25,649 | €124,623 | +€98,974 | +386% |
| Non-recurring operating income | 76A | €6,203 | €1,851 | -€4,352 | -70.2% |
| Remuneration, social security and pensions | 62 | €826,791 | €943,059 | +€116,268 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,885 | €24,620 | -€2,265 | -8.4% |
| Other operating charges | 640/8 | €7,625 | €7,831 | +€206 | +2.7% |
| Non-recurring operating charges | 66A | €1,025 | €8,182 | +€7,157 | +698% |
| Gross operating margin | 9900 | €1,661,837 | €2,073,405 | +€411,569 | +24.8% |
| Operating profit (loss) | 9901 | €799,511 | €1,089,714 | +€290,202 | +36.3% |
| Financial income | 75/76B | €7,524 | €7,143 | -€382 | -5.1% |
| Recurring financial income | 75 | €7,524 | €7,143 | -€382 | -5.1% |
| Financial charges | 65/66B | €5,267 | €7,082 | +€1,814 | +34.4% |
| Recurring financial charges | 65 | €5,267 | €7,082 | +€1,814 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €801,768 | €1,089,775 | +€288,006 | +35.9% |
| Income taxes | 67/77 | €199,806 | €277,332 | +€77,526 | +38.8% |
| Profit (loss) for the period | 9904 | €601,962 | €812,443 | +€210,481 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €601,962 | €812,443 | +€210,481 | +35.0% |
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 15 October 2026 via checked.be.