FRANSEN GROUP: 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 GROUP
Largest movements
- Receivables within one year +€4.6m
up €4.6m (+6274.5%), from €73,508 to €4.7m
of which Other amounts receivable: +€4.7m
- Other debts +€4.7m
up €4.7m (+247.5%), from €1.9m to €6.6m
- Reserves +€3.7m
new in 2025: €3.7m
- Debts after one year -€2.9m
down €2.9m (-25.6%), from €11.4m to €8.5m
- Profit (loss) carried forward -€1.2m
down €1.2m (-33.0%), from €3.7m to €2.5m
- Financial income -€978,658
down €978,658 (-32.9%), from €3.0m to €2.0m
- Gross operating margin -€268,188
down €268,188 (-16.4%), from €1.6m to €1.4m
- Financial charges -€234,302
down €234,302 (-34.3%), from €682,270 to €447,968
- Taxes +€134,537
up €134,537 (+5325.8%), from €2,526 to €137,063
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 | €25,371,184 | €29,805,539 | +€4.4m | +17.5% |
| Fixed assets | 21/28 | €25,115,000 | €25,115,000 | = | 0.0% |
| Financial fixed assets | 28 | €25,115,000 | €25,115,000 | = | 0.0% |
| Current assets | 29/58 | €256,184 | €4,690,539 | +€4.4m | +1730.9% |
| Amounts receivable within one year | 40/41 | €73,508 | €4,685,700 | +€4.6m | +6274.5% |
| Trade receivables | 40 | €73,508 | - | -€73,508 | |
| Other amounts receivable | 41 | - | €4,685,700 | +€4.7m | |
| Cash at bank and in hand | 54/58 | €182,677 | €3,510 | -€179,166 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €1,329 | +€1,329 | |
| Total equity and liabilities | 10/49 | €25,371,184 | €29,805,539 | +€4.4m | +17.5% |
| Equity | 10/15 | €9,102,007 | €11,583,256 | +€2.5m | +27.3% |
| Contributions | 10/11 | €5,400,000 | €5,400,000 | = | 0.0% |
| Reserves | 13 | - | €3,702,007 | +€3.7m | |
| Distributable reserves | 133 | - | €3,702,007 | +€3.7m | |
| Profit (loss) carried forward | 14 | €3,702,007 | €2,481,249 | -€1.2m | -33.0% |
| Amounts payable | 17/49 | €16,269,177 | €18,222,283 | +€2.0m | +12.0% |
| Amounts payable after more than one year | 17 | €11,378,556 | €8,470,177 | -€2.9m | -25.6% |
| Financial debts | 170/4 | €11,378,556 | €8,470,177 | -€2.9m | -25.6% |
| Amounts payable within one year | 42/48 | €4,839,678 | €9,612,919 | +€4.8m | +98.6% |
| Current portion of amounts payable after more than one year | 42 | €2,908,379 | €2,908,379 | = | 0.0% |
| Trade debts | 44 | €31,257 | €6,461 | -€24,796 | -79.3% |
| Suppliers | 440/4 | €31,257 | €6,461 | -€24,796 | -79.3% |
| Taxes, remuneration and social security | 45 | €12,752 | €139,589 | +€126,837 | +994.6% |
| Taxes | 450/3 | €12,752 | €139,589 | +€126,837 | +994.6% |
| Other amounts payable | 47/48 | €1,887,290 | €6,558,490 | +€4.7m | +247.5% |
| Accrued charges and deferred income | 492/3 | €50,943 | €139,187 | +€88,244 | +173.2% |
| Other operating charges | 640/8 | €1,171 | €1,216 | +€46 | +3.9% |
| Gross operating margin | 9900 | €1,635,684 | €1,367,496 | -€268,188 | -16.4% |
| Operating profit (loss) | 9901 | €1,634,513 | €1,366,280 | -€268,233 | -16.4% |
| Financial income | 75/76B | €2,978,658 | €2,000,000 | -€978,658 | -32.9% |
| Recurring financial income | 75 | €2,978,658 | €2,000,000 | -€978,658 | -32.9% |
| Financial charges | 65/66B | €682,270 | €447,968 | -€234,302 | -34.3% |
| Recurring financial charges | 65 | €682,270 | €447,968 | -€234,302 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €3,930,901 | €2,918,312 | -€1.0m | -25.8% |
| Income taxes | 67/77 | €2,526 | €137,063 | +€134,537 | +5325.8% |
| Profit (loss) for the period | 9904 | €3,928,374 | €2,781,249 | -€1.1m | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,928,374 | €2,781,249 | -€1.1m | -29.2% |
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 10 October 2026 via checked.be.