FRANTAX: 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.
FRANTAX
Largest movements
- Tangible fixed assets -€28,422
down €28,422 (-61.6%), from €46,147 to €17,726
- Cash -€8,667
down €8,667 (-39.1%), from €22,153 to €13,486
mainly Debts after one year (-€25,897) and Current portion of long-term debt (-€14,214)
- Receivables within one year -€3,978
down €3,978 (-63.4%), from €6,273 to €2,296
- Debts after one year -€25,897
no longer reported in 2024 (was €25,897)
- Current portion of long-term debt -€14,214
no longer reported in 2024 (was €14,214)
- Contributions -€7,437
no longer reported in 2024 (was €7,437)
- Profit (loss) carried forward +€4,474
up €4,474 (+33.4%), from €13,397 to €17,871
- Other debts +€3,384
up €3,384 (+76.8%), from €4,404 to €7,788
- Staff costs -€16,903
down €16,903 (-28.4%), from €59,565 to €42,662
- Gross operating margin -€13,309
down €13,309 (-16.5%), from €80,704 to €67,395
- Turnover -€13,170
down €13,170 (-9.7%), from €135,472 to €122,303
- Other operating charges -€2,564
down €2,564 (-54.4%), from €4,711 to €2,147
- Purchases and services -€1,393
down €1,393 (-2.5%), from €56,481 to €55,088
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,573 | €33,507 | -€41,067 | -55.1% |
| Fixed assets | 21/28 | €46,147 | €17,726 | -€28,422 | -61.6% |
| Tangible fixed assets | 22/27 | €46,147 | €17,726 | -€28,422 | -61.6% |
| Furniture and vehicles | 24 | €46,147 | €17,726 | -€28,422 | -61.6% |
| Current assets | 29/58 | €28,426 | €15,781 | -€12,645 | -44.5% |
| Amounts receivable within one year | 40/41 | €6,273 | €2,296 | -€3,978 | -63.4% |
| Other amounts receivable | 41 | €6,273 | €2,296 | -€3,978 | -63.4% |
| Cash at bank and in hand | 54/58 | €22,153 | €13,486 | -€8,667 | -39.1% |
| Total equity and liabilities | 10/49 | €74,573 | €33,507 | -€41,067 | -55.1% |
| Equity | 10/15 | €21,330 | €18,367 | -€2,963 | -13.9% |
| Contributions | 10/11 | €7,437 | - | -€7,437 | |
| Reserves | 13 | €496 | €496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Reserves not available under the articles | 1311 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,397 | €17,871 | +€4,474 | +33.4% |
| Amounts payable | 17/49 | €53,244 | €15,140 | -€38,104 | -71.6% |
| Amounts payable after more than one year | 17 | €25,897 | - | -€25,897 | |
| Financial debts | 170/4 | €25,897 | - | -€25,897 | |
| Amounts payable within one year | 42/48 | €27,346 | €15,140 | -€12,206 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €14,214 | - | -€14,214 | |
| Trade debts | 44 | - | €935 | +€935 | |
| Suppliers | 440/4 | - | €935 | +€935 | |
| Taxes, remuneration and social security | 45 | €8,728 | €6,417 | -€2,311 | -26.5% |
| Taxes | 450/3 | €553 | €726 | +€173 | +31.2% |
| Remuneration and social security | 454/9 | €8,175 | €5,692 | -€2,484 | -30.4% |
| Other amounts payable | 47/48 | €4,404 | €7,788 | +€3,384 | +76.8% |
| Turnover | 70 | €135,472 | €122,303 | -€13,170 | -9.7% |
| Non-recurring operating income | 76A | €1,712 | €181 | -€1,531 | -89.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,481 | €55,088 | -€1,393 | -2.5% |
| Remuneration, social security and pensions | 62 | €59,565 | €42,662 | -€16,903 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,653 | €9,860 | +€207 | +2.1% |
| Other operating charges | 640/8 | €4,711 | €2,147 | -€2,564 | -54.4% |
| Non-recurring operating charges | 66A | - | €6,212 | +€6,212 | |
| Gross operating margin | 9900 | €80,704 | €67,395 | -€13,309 | -16.5% |
| Operating profit (loss) | 9901 | €6,775 | €6,515 | -€261 | -3.8% |
| Financial income | 75/76B | €546 | €14 | -€532 | -97.5% |
| Recurring financial income | 75 | €546 | €14 | -€532 | -97.5% |
| Financial charges | 65/66B | €1,202 | €2,055 | +€852 | +70.9% |
| Recurring financial charges | 65 | €1,202 | €2,055 | +€852 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | €6,119 | €4,474 | -€1,645 | -26.9% |
| Profit (loss) for the period | 9904 | €6,119 | €4,474 | -€1,645 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,119 | €4,474 | -€1,645 | -26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.