FRANQUIN: 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.
FRANQUIN
Largest movements
- Current investments -€52,823
down €52,823 (-21.1%), from €250,000 to €197,177
- Cash +€33,757
up €33,757 (+70.6%), from €47,788 to €81,545
mainly Current investments (+€52,823) and Net result for the year (+€7,729)
- Receivables within one year +€27,311
up €27,311 (+66.3%), from €41,196 to €68,507
of which Trade receivables: +€25,272
- Reserves +€8,000
up €8,000 (+2.9%), from €279,197 to €287,197
of which Distributable reserves: +€8,000
- Gross operating margin +€21,791
up €21,791 (+80.4%), from €27,117 to €48,908
- Financial income +€7,160
up €7,160 (+898.2%), from €797 to €7,957
- Depreciation -€2,279
down €2,279 (-61.5%), from €3,706 to €1,427
- Staff costs -€935
down €935 (-2.1%), from €45,080 to €44,145
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 | €357,383 | €364,238 | +€6,855 | +1.9% |
| Fixed assets | 21/28 | €17,261 | €15,834 | -€1,427 | -8.3% |
| Tangible fixed assets | 22/27 | €17,222 | €15,795 | -€1,427 | -8.3% |
| Land and buildings | 22 | €3,718 | €3,718 | = | 0.0% |
| Furniture and vehicles | 24 | €13,503 | €12,077 | -€1,427 | -10.6% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €340,122 | €348,404 | +€8,282 | +2.4% |
| Amounts receivable within one year | 40/41 | €41,196 | €68,507 | +€27,311 | +66.3% |
| Trade receivables | 40 | €26,429 | €51,702 | +€25,272 | +95.6% |
| Other amounts receivable | 41 | €14,767 | €16,806 | +€2,038 | +13.8% |
| Current investments | 50/53 | €250,000 | €197,177 | -€52,823 | -21.1% |
| Cash at bank and in hand | 54/58 | €47,788 | €81,545 | +€33,757 | +70.6% |
| Deferred charges and accrued income | 490/1 | €1,138 | €1,174 | +€36 | +3.2% |
| Total equity and liabilities | 10/49 | €357,383 | €364,238 | +€6,855 | +1.9% |
| Equity | 10/15 | €341,938 | €349,667 | +€7,729 | +2.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €279,197 | €287,197 | +€8,000 | +2.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €273,000 | €281,000 | +€8,000 | +2.9% |
| Profit (loss) carried forward | 14 | €767 | €496 | -€271 | -35.4% |
| Amounts payable | 17/49 | €15,445 | €14,571 | -€874 | -5.7% |
| Amounts payable within one year | 42/48 | €15,445 | €14,571 | -€874 | -5.7% |
| Trade debts | 44 | €2,748 | €3,380 | +€632 | +23.0% |
| Suppliers | 440/4 | €2,748 | €3,380 | +€632 | +23.0% |
| Taxes, remuneration and social security | 45 | €10,810 | €9,691 | -€1,119 | -10.4% |
| Taxes | 450/3 | €3,678 | €1,617 | -€2,062 | -56.0% |
| Remuneration and social security | 454/9 | €7,132 | €8,074 | +€943 | +13.2% |
| Other amounts payable | 47/48 | €1,887 | €1,500 | -€387 | -20.5% |
| Remuneration, social security and pensions | 62 | €45,080 | €44,145 | -€935 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,706 | €1,427 | -€2,279 | -61.5% |
| Other operating charges | 640/8 | €3,105 | €3,194 | +€88 | +2.8% |
| Gross operating margin | 9900 | €27,117 | €48,908 | +€21,791 | +80.4% |
| Operating profit (loss) | 9901 | -€24,774 | €143 | +€24,917 | |
| Financial income | 75/76B | €797 | €7,957 | +€7,160 | +898.2% |
| Recurring financial income | 75 | €797 | €7,957 | +€7,160 | +898.2% |
| Financial charges | 65/66B | €215 | €371 | +€156 | +72.8% |
| Recurring financial charges | 65 | €215 | €371 | +€156 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,192 | €7,729 | +€31,921 | |
| Profit (loss) for the period | 9904 | -€24,192 | €7,729 | +€31,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,192 | €7,729 | +€31,921 |
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 3 October 2026 via checked.be.