Fransen: 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.
Fransen
Largest movements
- Cash +€42,317
up €42,317 (+27.0%), from €157,016 to €199,332
mainly Net result for the year (+€59,540) and Receivables after one year (+€20,000)
- Receivables within one year +€26,883
up €26,883 (+69.5%), from €38,677 to €65,559
of which Other amounts receivable: +€27,155
- Receivables after one year -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Tangible fixed assets +€6,592
up €6,592 (+6.7%), from €98,813 to €105,405
of which Furniture and vehicles: +€6,156
- Reserves +€59,540
up €59,540 (+23.7%), from €251,536 to €311,077
- Debts after one year -€6,795
down €6,795 (-10.1%), from €67,535 to €60,740
- Gross operating margin -€2,990
down €2,990 (-3.3%), from €90,171 to €87,182
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 | €374,863 | €431,389 | +€56,526 | +15.1% |
| Fixed assets | 21/28 | €98,813 | €105,405 | +€6,592 | +6.7% |
| Tangible fixed assets | 22/27 | €98,813 | €105,405 | +€6,592 | +6.7% |
| Land and buildings | 22 | €97,628 | €94,588 | -€3,039 | -3.1% |
| Plant, machinery and equipment | 23 | €671 | €4,146 | +€3,475 | +518.0% |
| Furniture and vehicles | 24 | €515 | €6,670 | +€6,156 | +1195.9% |
| Current assets | 29/58 | €276,050 | €325,984 | +€49,935 | +18.1% |
| Amounts receivable after more than one year | 29 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Other amounts receivable | 291 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €38,677 | €65,559 | +€26,883 | +69.5% |
| Trade receivables | 40 | €13,946 | €13,675 | -€272 | -1.9% |
| Other amounts receivable | 41 | €24,730 | €51,885 | +€27,155 | +109.8% |
| Cash at bank and in hand | 54/58 | €157,016 | €199,332 | +€42,317 | +27.0% |
| Deferred charges and accrued income | 490/1 | €357 | €1,092 | +€735 | +205.8% |
| Total equity and liabilities | 10/49 | €374,863 | €431,389 | +€56,526 | +15.1% |
| Equity | 10/15 | €277,536 | €337,077 | +€59,540 | +21.5% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €251,536 | €311,077 | +€59,540 | +23.7% |
| Distributable reserves | 133 | €251,536 | €311,077 | +€59,540 | +23.7% |
| Amounts payable | 17/49 | €97,327 | €94,313 | -€3,014 | -3.1% |
| Amounts payable after more than one year | 17 | €67,535 | €60,740 | -€6,795 | -10.1% |
| Financial debts | 170/4 | €67,535 | €60,740 | -€6,795 | -10.1% |
| Amounts payable within one year | 42/48 | €26,226 | €29,931 | +€3,704 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €6,723 | €6,795 | +€71 | +1.1% |
| Financial debts | 43 | €5,414 | €5,395 | -€19 | -0.4% |
| Credit institutions | 430/8 | €5,414 | €5,395 | -€19 | -0.4% |
| Trade debts | 44 | €1,359 | €1,933 | +€574 | +42.2% |
| Suppliers | 440/4 | €1,359 | €1,933 | +€574 | +42.2% |
| Taxes, remuneration and social security | 45 | €12,730 | €15,808 | +€3,079 | +24.2% |
| Taxes | 450/3 | €12,730 | €15,808 | +€3,079 | +24.2% |
| Accrued charges and deferred income | 492/3 | €3,566 | €3,642 | +€76 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,223 | €4,841 | +€618 | +14.6% |
| Other operating charges | 640/8 | €965 | €1,491 | +€526 | +54.4% |
| Gross operating margin | 9900 | €90,171 | €87,182 | -€2,990 | -3.3% |
| Operating profit (loss) | 9901 | €84,983 | €80,850 | -€4,133 | -4.9% |
| Financial income | 75/76B | €2,984 | €3,290 | +€306 | +10.2% |
| Recurring financial income | 75 | €2,984 | €3,290 | +€306 | +10.2% |
| Financial charges | 65/66B | €1,549 | €1,260 | -€288 | -18.6% |
| Recurring financial charges | 65 | €1,549 | €1,260 | -€288 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €86,419 | €82,879 | -€3,539 | -4.1% |
| Income taxes | 67/77 | €23,750 | €23,339 | -€411 | -1.7% |
| Profit (loss) for the period | 9904 | €62,669 | €59,540 | -€3,128 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,669 | €59,540 | -€3,128 | -5.0% |
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 29 September 2026 via checked.be.