FRANSSEN: 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.
FRANSSEN
Largest movements
- Tangible fixed assets +€327,793
up €327,793 (+12.8%), from €2.6m to €2.9m
of which Other tangible fixed assets: +€439,654
- Cash +€206,283
up €206,283 (+33.0%), from €624,638 to €830,920
mainly Net result for the year (+€656,667) and Current portion of long-term debt (+€380,416)
- Stocks and contracts +€183,113
up €183,113 (+4.7%), from €3.9m to €4.1m
- Receivables within one year +€155,886
up €155,886 (+33.9%), from €459,389 to €615,275
of which Trade receivables: +€131,227
- Profit (loss) carried forward +€657,728
up €657,728 (+23.7%), from €2.8m to €3.4m
- Current portion of long-term debt +€380,416
up €380,416 (+193%), from €197,130 to €577,546
- Debts after one year -€246,754
down €246,754 (-9.8%), from €2.5m to €2.3m
of which Financial debts: -€192,754
- Tax, wage and social debts +€146,362
up €146,362 (+58.8%), from €249,094 to €395,456
of which Taxes: +€133,542
- Gross operating margin +€331,105
up €331,105 (+26.0%), from €1.3m to €1.6m
- Taxes +€69,438
up €69,438 (+41.4%), from €167,707 to €237,146
- Other operating charges -€55,813
down €55,813 (-66.5%), from €83,960 to €28,147
- Staff costs +€39,178
up €39,178 (+11.8%), from €331,649 to €370,827
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 | €7,576,455 | €8,459,062 | +€882,607 | +11.6% |
| Fixed assets | 21/28 | €2,572,747 | €2,898,382 | +€325,634 | +12.7% |
| Intangible fixed assets | 21 | €7,168 | €5,010 | -€2,159 | -30.1% |
| Tangible fixed assets | 22/27 | €2,565,315 | €2,893,108 | +€327,793 | +12.8% |
| Land and buildings | 22 | €1,926,469 | €1,824,185 | -€102,283 | -5.3% |
| Plant, machinery and equipment | 23 | €18,465 | €11,842 | -€6,622 | -35.9% |
| Furniture and vehicles | 24 | €18,315 | €15,360 | -€2,955 | -16.1% |
| Other tangible fixed assets | 26 | €602,067 | €1,041,720 | +€439,654 | +73.0% |
| Financial fixed assets | 28 | €264 | €264 | = | 0.0% |
| Current assets | 29/58 | €5,003,707 | €5,560,680 | +€556,973 | +11.1% |
| Stocks and contracts in progress | 3 | €3,894,567 | €4,077,680 | +€183,113 | +4.7% |
| Stocks | 30/36 | €3,894,567 | €4,077,680 | +€183,113 | +4.7% |
| Amounts receivable within one year | 40/41 | €459,389 | €615,275 | +€155,886 | +33.9% |
| Trade receivables | 40 | €452,678 | €583,905 | +€131,227 | +29.0% |
| Other amounts receivable | 41 | €6,711 | €31,370 | +€24,659 | +367% |
| Cash at bank and in hand | 54/58 | €624,638 | €830,920 | +€206,283 | +33.0% |
| Deferred charges and accrued income | 490/1 | €25,113 | €36,805 | +€11,691 | +46.6% |
| Total equity and liabilities | 10/49 | €7,576,455 | €8,459,062 | +€882,607 | +11.6% |
| Equity | 10/15 | €3,085,220 | €3,742,948 | +€657,728 | +21.3% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €195,234 | €195,234 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,183 | €2,183 | = | 0.0% |
| Distributable reserves | 133 | €193,051 | €193,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,778,433 | €3,436,161 | +€657,728 | +23.7% |
| Amounts payable | 17/49 | €4,491,235 | €4,716,114 | +€224,880 | +5.0% |
| Amounts payable after more than one year | 17 | €2,510,609 | €2,263,855 | -€246,754 | -9.8% |
| Financial debts | 170/4 | €2,144,609 | €1,951,855 | -€192,754 | -9.0% |
| Other amounts payable | 178/9 | €366,000 | €312,000 | -€54,000 | -14.8% |
| Amounts payable within one year | 42/48 | €1,939,911 | €2,398,504 | +€458,593 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €197,130 | €577,546 | +€380,416 | +193% |
| Financial debts | 43 | €520,284 | €455,231 | -€65,054 | -12.5% |
| Credit institutions | 430/8 | €520,284 | €455,231 | -€65,054 | -12.5% |
| Trade debts | 44 | €717,384 | €797,595 | +€80,211 | +11.2% |
| Suppliers | 440/4 | €717,384 | €797,595 | +€80,211 | +11.2% |
| Advances received on contracts in progress | 46 | €201,672 | €123,567 | -€78,104 | -38.7% |
| Taxes, remuneration and social security | 45 | €249,094 | €395,456 | +€146,362 | +58.8% |
| Taxes | 450/3 | €180,065 | €313,607 | +€133,542 | +74.2% |
| Remuneration and social security | 454/9 | €69,029 | €81,849 | +€12,820 | +18.6% |
| Other amounts payable | 47/48 | €54,347 | €49,109 | -€5,238 | -9.6% |
| Accrued charges and deferred income | 492/3 | €40,716 | €53,756 | +€13,040 | +32.0% |
| Remuneration, social security and pensions | 62 | €331,649 | €370,827 | +€39,178 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,831 | €180,207 | -€3,624 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,341 | €18,547 | -€15,793 | -46.0% |
| Other operating charges | 640/8 | €83,960 | €28,147 | -€55,813 | -66.5% |
| Gross operating margin | 9900 | €1,275,821 | €1,606,926 | +€331,105 | +26.0% |
| Operating profit (loss) | 9901 | €642,039 | €1,009,198 | +€367,158 | +57.2% |
| Financial income | 75/76B | €1,192 | €1,126 | -€67 | -5.6% |
| Recurring financial income | 75 | €1,192 | €1,126 | -€67 | -5.6% |
| Financial charges | 65/66B | €122,007 | €116,511 | -€5,497 | -4.5% |
| Recurring financial charges | 65 | €122,007 | €116,511 | -€5,497 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €521,224 | €893,813 | +€372,588 | +71.5% |
| Income taxes | 67/77 | €167,707 | €237,146 | +€69,438 | +41.4% |
| Profit (loss) for the period | 9904 | €353,517 | €656,667 | +€303,150 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €353,517 | €656,667 | +€303,150 | +85.8% |
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.