FRANSSEN PROJECTS: what changed
What changed
FRANSSEN PROJECTS
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€68,710
2024 · €70,327-€1,617
Equity
€1.1m
2024 · €1.0m+€68,710
Cash
€376,440
2024 · €91,617+€284,823
Balance sheet total
€2.3m
2024 · €2.3m+€59,575
Largest movements
Assets
- Cash +€284,823
up €284,823 (+311%), from €91,617 to €376,440
mainly Depreciation (+€141,043) and Receivables within one year (+€112,026)
- Tangible fixed assets -€113,222
down €113,222 (-10.2%), from €1.1m to €997,804
of which Land and buildings: -€62,027
- Receivables within one year -€112,026
down €112,026 (-19.5%), from €573,889 to €461,863
of which Trade receivables: -€100,560
Equity and liabilities
- Debts after one year -€79,240
down €79,240 (-13.1%), from €605,946 to €526,706
- Reserves +€68,710
up €68,710 (+17.4%), from €395,958 to €464,668
of which Distributable reserves: +€68,710
- Accrued charges and deferred income +€32,002
up €32,002, from €0 to €32,002
Income statement
- Gross operating margin +€72,935
up €72,935 (+15.4%), from €474,007 to €546,942
- Staff costs +€34,714
up €34,714 (+16.8%), from €206,662 to €241,375
- Financial charges +€21,671
up €21,671 (+79.0%), from €27,418 to €49,090
- Depreciation +€12,421
up €12,421 (+9.7%), from €128,622 to €141,043
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,327
Gross operating margin
+€72,935
Staff costs
-€34,714
Depreciation
-€12,421
Other operating charges
-€2,913
Financial income
-€1,551
Financial charges
-€21,671
Taxes
-€1,281
Result 2025
€68,710
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€391,884
Investment
-€27,821
Financing
-€79,240
Cash 2024
€91,617
From operations (derived)
+€391,884
Net result for the year
+€68,710
Depreciation
+€141,043
Receivables within one year
+€112,026
Trade debts
+€12,223
Tax, wage and social debts
+€15,059
Other debts
+€10,822
Accrued charges and deferred income
+€32,002
Investment (derived)
-€27,821
Investment in fixed assets (net)
-€27,821
Financing
-€79,240
Debts after one year
-€79,240
Cash 2025
€376,440
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,258,531 | €2,318,107 | +€59,575 | +2.6% |
| Fixed assets | 21/28 | €1,111,026 | €997,804 | -€113,222 | -10.2% |
| Tangible fixed assets | 22/27 | €1,111,026 | €997,804 | -€113,222 | -10.2% |
| Land and buildings | 22 | €853,686 | €791,659 | -€62,027 | -7.3% |
| Plant, machinery and equipment | 23 | €170,477 | €144,427 | -€26,050 | -15.3% |
| Furniture and vehicles | 24 | €76,171 | €54,431 | -€21,740 | -28.5% |
| Other tangible fixed assets | 26 | €10,691 | €7,286 | -€3,405 | -31.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,147,506 | €1,320,303 | +€172,797 | +15.1% |
| Stocks and contracts in progress | 3 | €482,000 | €482,000 | = | 0.0% |
| Stocks | 30/36 | €482,000 | €482,000 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €573,889 | €461,863 | -€112,026 | -19.5% |
| Trade receivables | 40 | €228,728 | €128,167 | -€100,560 | -44.0% |
| Other amounts receivable | 41 | €345,161 | €333,696 | -€11,465 | -3.3% |
| Cash at bank and in hand | 54/58 | €91,617 | €376,440 | +€284,823 | +311% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,258,531 | €2,318,107 | +€59,575 | +2.6% |
| Equity | 10/15 | €1,025,958 | €1,094,668 | +€68,710 | +6.7% |
| Contributions | 10/11 | €630,000 | €630,000 | = | 0.0% |
| Reserves | 13 | €395,958 | €464,668 | +€68,710 | +17.4% |
| Non-distributable reserves | 130/1 | €7,212 | €7,212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,212 | €7,212 | = | 0.0% |
| Distributable reserves | 133 | €388,746 | €457,456 | +€68,710 | +17.7% |
| Amounts payable | 17/49 | €1,232,574 | €1,223,439 | -€9,135 | -0.7% |
| Amounts payable after more than one year | 17 | €605,946 | €526,706 | -€79,240 | -13.1% |
| Financial debts | 170/4 | €605,946 | €526,706 | -€79,240 | -13.1% |
| Amounts payable within one year | 42/48 | €626,627 | €664,731 | +€38,104 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €79,240 | €79,240 | = | 0.0% |
| Trade debts | 44 | €72,698 | €84,921 | +€12,223 | +16.8% |
| Suppliers | 440/4 | €72,698 | €84,921 | +€12,223 | +16.8% |
| Taxes, remuneration and social security | 45 | €53,359 | €68,418 | +€15,059 | +28.2% |
| Taxes | 450/3 | €29,665 | €36,632 | +€6,967 | +23.5% |
| Remuneration and social security | 454/9 | €23,694 | €31,786 | +€8,093 | +34.2% |
| Other amounts payable | 47/48 | €421,330 | €432,152 | +€10,822 | +2.6% |
| Accrued charges and deferred income | 492/3 | €0 | €32,002 | +€32,002 | |
| Remuneration, social security and pensions | 62 | €206,662 | €241,375 | +€34,714 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,622 | €141,043 | +€12,421 | +9.7% |
| Other operating charges | 640/8 | €15,797 | €18,710 | +€2,913 | +18.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €474,007 | €546,942 | +€72,935 | +15.4% |
| Operating profit (loss) | 9901 | €122,927 | €145,814 | +€22,887 | +18.6% |
| Financial income | 75/76B | €4,483 | €2,932 | -€1,551 | -34.6% |
| Recurring financial income | 75 | €4,483 | €2,932 | -€1,551 | -34.6% |
| Financial charges | 65/66B | €27,418 | €49,090 | +€21,671 | +79.0% |
| Recurring financial charges | 65 | €27,418 | €49,090 | +€21,671 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €99,992 | €99,657 | -€335 | -0.3% |
| Income taxes | 67/77 | €29,665 | €30,947 | +€1,281 | +4.3% |
| Profit (loss) for the period | 9904 | €70,327 | €68,710 | -€1,617 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,327 | €68,710 | -€1,617 | -2.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.