Fransen: 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.
Fransen
Largest movements
- Cash +€427,998
up €427,998 (+43.7%), from €979,168 to €1.4m
mainly Net result for the year (+€184,767) and Tax, wage and social debts (+€152,277)
- Reserves +€184,767
up €184,767 (+7.7%), from €2.4m to €2.6m
of which Distributable reserves: +€192,204
- Tax, wage and social debts +€152,277
up €152,277 (+113%), from €134,518 to €286,796
of which Remuneration and social security: +€77,233
- Trade debts +€79,417
up €79,417 (+12.2%), from €650,822 to €730,238
- Gross operating margin +€282,436
up €282,436 (+28.6%), from €986,600 to €1.3m
- Staff costs +€69,297
up €69,297 (+8.2%), from €842,048 to €911,345
- Taxes +€62,586
up €62,586 (+383%), from €16,360 to €78,946
- Depreciation +€19,938
up €19,938 (+55.3%), from €36,027 to €55,965
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,587,154 | €3,973,901 | +€386,747 | +10.8% |
| Fixed assets | 21/28 | €330,238 | €340,047 | +€9,809 | +3.0% |
| Tangible fixed assets | 22/27 | €329,740 | €339,549 | +€9,809 | +3.0% |
| Land and buildings | 22 | €167,535 | €161,311 | -€6,224 | -3.7% |
| Plant, machinery and equipment | 23 | €38,454 | €91,046 | +€52,593 | +137% |
| Furniture and vehicles | 24 | €123,751 | €87,192 | -€36,560 | -29.5% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Current assets | 29/58 | €3,256,916 | €3,633,854 | +€376,938 | +11.6% |
| Stocks and contracts in progress | 3 | €526,537 | €497,697 | -€28,840 | -5.5% |
| Stocks | 30/36 | €526,537 | €497,697 | -€28,840 | -5.5% |
| Amounts receivable within one year | 40/41 | €117,220 | €99,116 | -€18,104 | -15.4% |
| Trade receivables | 40 | €62,193 | €77,312 | +€15,119 | +24.3% |
| Other amounts receivable | 41 | €55,027 | €21,805 | -€33,223 | -60.4% |
| Current investments | 50/53 | €1,627,396 | €1,627,396 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €979,168 | €1,407,166 | +€427,998 | +43.7% |
| Deferred charges and accrued income | 490/1 | €6,594 | €2,479 | -€4,116 | -62.4% |
| Total equity and liabilities | 10/49 | €3,587,154 | €3,973,901 | +€386,747 | +10.8% |
| Equity | 10/15 | €2,473,314 | €2,658,081 | +€184,767 | +7.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €2,398,946 | €2,583,713 | +€184,767 | +7.7% |
| Non-distributable reserves | 130/1 | €7,437 | - | -€7,437 | |
| Reserves not available under the articles | 1311 | €7,437 | - | -€7,437 | |
| Distributable reserves | 133 | €2,391,509 | €2,583,713 | +€192,204 | +8.0% |
| Amounts payable | 17/49 | €1,113,840 | €1,315,820 | +€201,980 | +18.1% |
| Amounts payable within one year | 42/48 | €1,095,420 | €1,303,012 | +€207,593 | +19.0% |
| Trade debts | 44 | €650,822 | €730,238 | +€79,417 | +12.2% |
| Suppliers | 440/4 | €650,822 | €730,238 | +€79,417 | +12.2% |
| Taxes, remuneration and social security | 45 | €134,518 | €286,796 | +€152,277 | +113% |
| Taxes | 450/3 | €34,643 | €109,688 | +€75,045 | +217% |
| Remuneration and social security | 454/9 | €99,875 | €177,108 | +€77,233 | +77.3% |
| Other amounts payable | 47/48 | €310,080 | €285,979 | -€24,101 | -7.8% |
| Accrued charges and deferred income | 492/3 | €18,420 | €12,807 | -€5,613 | -30.5% |
| Non-recurring operating income | 76A | - | €9,091 | +€9,091 | |
| Remuneration, social security and pensions | 62 | €842,048 | €911,345 | +€69,297 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,027 | €55,965 | +€19,938 | +55.3% |
| Other operating charges | 640/8 | €3,076 | €5,143 | +€2,067 | +67.2% |
| Gross operating margin | 9900 | €986,600 | €1,269,036 | +€282,436 | +28.6% |
| Operating profit (loss) | 9901 | €105,449 | €296,583 | +€191,134 | +181% |
| Financial income | 75/76B | €1,370 | €965 | -€404 | -29.5% |
| Recurring financial income | 75 | €1,370 | €965 | -€404 | -29.5% |
| Financial charges | 65/66B | €36,217 | €33,836 | -€2,382 | -6.6% |
| Recurring financial charges | 65 | €36,217 | €33,836 | -€2,382 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €70,602 | €263,713 | +€193,112 | +274% |
| Income taxes | 67/77 | €16,360 | €78,946 | +€62,586 | +383% |
| Profit (loss) for the period | 9904 | €54,241 | €184,767 | +€130,526 | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €54,241 | €184,767 | +€130,526 | +241% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.