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.
What changed
FRANSSEN
NACE 31.002, Manufacture of furniture
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€22,530
31-12-2024 · -€148,363+€170,893
Equity
€4.0m
31-12-2024 · €4.0m+€22,530
Cash
€177,060
31-12-2024 · €132,469+€44,591
Balance sheet total
€10.5m
31-12-2024 · €10.9m-€403,689
Largest movements
Assets
- Tangible fixed assets -€688,987
down €688,987 (-14.2%), from €4.9m to €4.2m
of which Land and buildings: -€676,789
- Stocks and contracts +€126,727
up €126,727, from €0 to €126,727
- Receivables within one year +€117,729
up €117,729 (+3.9%), from €3.0m to €3.1m
of which Other amounts receivable: +€128,670
Equity and liabilities
- Debts after one year -€514,694
down €514,694 (-21.8%), from €2.4m to €1.8m
- Other debts +€397,079
up €397,079 (+75.5%), from €525,967 to €923,046
- Short-term financial debts -€332,545
down €332,545 (-9.5%), from €3.5m to €3.2m
Income statement
- Other operating income +€136,436
up €136,436 (+20.4%), from €668,478 to €804,914
- Financial income +€29,408
up €29,408 (+15.9%), from €184,786 to €214,194
- Depreciation -€26,736
down €26,736 (-11.3%), from €236,005 to €209,269
- Turnover -€16,740
down €16,740 (-65.0%), from €25,740 to €9,000
- Other operating charges +€14,750
up €14,750 (+12.0%), from €123,301 to €138,050
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€148,363
Turnover
-€16,740
Other operating income
+€136,436
Services and other goods
+€1,520
Depreciation
+€26,736
Other operating charges
-€14,750
Other operating items
-€2,810
Financial income
+€29,408
Financial charges
+€11,064
Taxes
+€28
Result 31-12-2025
€22,530
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€429,903
Investment
+€479,718
Financing
-€865,030
Cash 31-12-2024
€132,469
From operations (derived)
+€429,903
Net result for the year
+€22,530
Depreciation
+€209,269
Stocks and contracts
-€126,727
Receivables within one year
-€117,729
Deferred charges and accrued income
+€3,750
Provisions
-€5,269
Trade debts
+€25,492
Tax, wage and social debts
+€780
Other debts
+€397,079
Accrued charges and deferred income
+€20,729
Investment (derived)
+€479,718
Investment in fixed assets (net)
+€479,718
Financing
-€865,030
Debts after one year
-€514,694
Current portion of long-term debt
-€17,792
Short-term financial debts
-€332,545
Cash 31-12-2025
€177,060
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,913,791 | €10,510,102 | -€403,689 | -3.7% |
| Fixed assets | 21/28 | €7,267,984 | €6,578,997 | -€688,987 | -9.5% |
| Tangible fixed assets | 22/27 | €4,866,232 | €4,177,245 | -€688,987 | -14.2% |
| Land and buildings | 22 | €4,307,128 | €3,630,339 | -€676,789 | -15.7% |
| Leasing and similar rights | 25 | €34,857 | €22,659 | -€12,198 | -35.0% |
| Other tangible fixed assets | 26 | €524,247 | €524,247 | = | 0.0% |
| Financial fixed assets | 28 | €2,401,752 | €2,401,752 | = | 0.0% |
| Affiliated companies | 280/1 | €2,400,968 | €2,400,968 | = | 0.0% |
| Participating interests | 280 | €2,400,968 | €2,400,968 | = | 0.0% |
| Other financial fixed assets | 284/8 | €784 | €784 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €784 | €784 | = | 0.0% |
| Current assets | 29/58 | €3,645,806 | €3,931,104 | +€285,298 | +7.8% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €126,727 | +€126,727 | |
| Stocks | 30/36 | - | €126,727 | +€126,727 | |
| Property held for sale | 35 | - | €126,727 | +€126,727 | |
| Amounts receivable within one year | 40/41 | €3,008,557 | €3,126,287 | +€117,729 | +3.9% |
| Trade receivables | 40 | €12,800 | €1,860 | -€10,940 | -85.5% |
| Other amounts receivable | 41 | €2,995,757 | €3,124,427 | +€128,670 | +4.3% |
| Cash at bank and in hand | 54/58 | €132,469 | €177,060 | +€44,591 | +33.7% |
| Deferred charges and accrued income | 490/1 | €4,780 | €1,030 | -€3,750 | -78.5% |
| Total equity and liabilities | 10/49 | €10,913,791 | €10,510,102 | -€403,689 | -3.7% |
| Equity | 10/15 | €4,006,912 | €4,029,441 | +€22,530 | +0.6% |
| Contributions | 10/11 | €3,051,041 | €3,051,041 | = | 0.0% |
| Capital | 10 | €3,051,041 | €3,051,041 | = | 0.0% |
| Issued capital | 100 | €3,051,041 | €3,051,041 | = | 0.0% |
| Reserves | 13 | €934,464 | €956,994 | +€22,530 | +2.4% |
| Non-distributable reserves | 130/1 | €219,819 | €221,736 | +€1,917 | +0.9% |
| Legal reserve | 130 | €219,819 | €221,736 | +€1,917 | +0.9% |
| Tax-exempt reserves | 132 | €193,514 | €177,706 | -€15,807 | -8.2% |
| Distributable reserves | 133 | €521,131 | €557,552 | +€36,420 | +7.0% |
| Investment grants | 15 | €21,407 | €21,407 | = | 0.0% |
| Provisions and deferred taxes | 16 | €68,396 | €63,127 | -€5,269 | -7.7% |
| Deferred taxes | 168 | €68,396 | €63,127 | -€5,269 | -7.7% |
| Amounts payable | 17/49 | €6,838,483 | €6,417,533 | -€420,950 | -6.2% |
| Amounts payable after more than one year | 17 | €2,360,350 | €1,845,656 | -€514,694 | -21.8% |
| Financial debts | 170/4 | €2,360,350 | €1,845,656 | -€514,694 | -21.8% |
| Leasing and similar obligations | 172 | €23,529 | €10,952 | -€12,577 | -53.5% |
| Credit institutions | 173 | €2,336,821 | €1,834,704 | -€502,117 | -21.5% |
| Amounts payable within one year | 42/48 | €4,469,356 | €4,542,371 | +€73,015 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €367,936 | €350,144 | -€17,792 | -4.8% |
| Financial debts | 43 | €3,485,442 | €3,152,897 | -€332,545 | -9.5% |
| Credit institutions | 430/8 | €3,485,442 | €3,152,897 | -€332,545 | -9.5% |
| Trade debts | 44 | €89,204 | €114,696 | +€25,492 | +28.6% |
| Suppliers | 440/4 | €89,204 | €114,696 | +€25,492 | +28.6% |
| Taxes, remuneration and social security | 45 | €808 | €1,588 | +€780 | +96.5% |
| Taxes | 450/3 | €808 | €1,588 | +€780 | +96.5% |
| Other amounts payable | 47/48 | €525,967 | €923,046 | +€397,079 | +75.5% |
| Accrued charges and deferred income | 492/3 | €8,777 | €29,506 | +€20,729 | +236% |
| Operating income | 70/76A | €694,218 | €813,914 | +€119,696 | +17.2% |
| Turnover | 70 | €25,740 | €9,000 | -€16,740 | -65.0% |
| Other operating income | 74 | €668,478 | €804,914 | +€136,436 | +20.4% |
| Operating charges | 60/66A | €695,834 | €685,137 | -€10,697 | -1.5% |
| Purchases | 600/8 | - | €126,727 | +€126,727 | |
| Change in stocks: decrease (increase) | 609 | - | -€126,727 | -€126,727 | |
| Services and other goods | 61 | €332,597 | €331,077 | -€1,520 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,005 | €209,269 | -€26,736 | -11.3% |
| Other operating charges | 640/8 | €123,301 | €138,050 | +€14,750 | +12.0% |
| Non-recurring operating charges | 66A | €3,931 | €6,741 | +€2,810 | +71.5% |
| Operating profit (loss) | 9901 | -€1,616 | €128,777 | +€130,393 | |
| Financial income | 75/76B | €184,786 | €214,194 | +€29,408 | +15.9% |
| Recurring financial income | 75 | €184,786 | €214,194 | +€29,408 | +15.9% |
| Income from financial fixed assets | 750 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Income from current assets | 751 | €154,786 | €164,194 | +€9,408 | +6.1% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €335,995 | €324,931 | -€11,064 | -3.3% |
| Recurring financial charges | 65 | €335,995 | €324,931 | -€11,064 | -3.3% |
| Debt charges | 650 | €329,822 | €320,070 | -€9,752 | -3.0% |
| Other financial charges | 652/9 | €6,173 | €4,861 | -€1,312 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€152,825 | €18,040 | +€170,865 | |
| Transfer from deferred taxes | 780 | €5,269 | €5,269 | = | 0.0% |
| Income taxes | 67/77 | €808 | €780 | -€28 | -3.5% |
| Taxes | 670/3 | €808 | €780 | -€28 | -3.5% |
| Profit (loss) for the period | 9904 | -€148,363 | €22,530 | +€170,893 | |
| Transfer from tax-exempt reserves | 789 | €15,807 | €15,807 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,556 | €38,337 | +€170,893 |
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 17 October 2026 via checked.be.