FRANTEXAN: 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.
FRANTEXAN
Largest movements
- Receivables within one year -€32,074
down €32,074 (-44.1%), from €72,706 to €40,632
- Cash -€25,874
down €25,874 (-9.4%), from €274,966 to €249,092
mainly Net result for the year (-€69,813) and Tax, wage and social debts (-€17,457)
- Stocks and contracts -€5,480
down €5,480 (-9.0%), from €60,838 to €55,358
- Deferred charges and accrued income -€4,223
down €4,223 (-62.6%), from €6,747 to €2,524
- Reserves -€69,813
down €69,813 (-24.8%), from €281,637 to €211,824
of which Distributable reserves: -€69,813
- Trade debts +€18,536
up €18,536 (+45.4%), from €40,841 to €59,377
- Tax, wage and social debts -€17,457
down €17,457 (-48.9%), from €35,666 to €18,209
of which Remuneration and social security: -€15,245
- Gross operating margin -€61,533
down €61,533 (-34.1%), from €180,505 to €118,972
- Staff costs -€25,017
down €25,017 (-11.8%), from €212,793 to €187,775
- Depreciation -€2,160
down €2,160 (-43.1%), from €5,018 to €2,858
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 | €420,144 | €351,410 | -€68,734 | -16.4% |
| Fixed assets | 21/28 | €4,887 | €3,804 | -€1,083 | -22.2% |
| Tangible fixed assets | 22/27 | €4,887 | €3,804 | -€1,083 | -22.2% |
| Plant, machinery and equipment | 23 | €3,756 | €3,470 | -€286 | -7.6% |
| Furniture and vehicles | 24 | €890 | €335 | -€555 | -62.4% |
| Other tangible fixed assets | 26 | €242 | - | -€242 | |
| Current assets | 29/58 | €415,257 | €347,606 | -€67,651 | -16.3% |
| Stocks and contracts in progress | 3 | €60,838 | €55,358 | -€5,480 | -9.0% |
| Stocks | 30/36 | €60,838 | €55,358 | -€5,480 | -9.0% |
| Amounts receivable within one year | 40/41 | €72,706 | €40,632 | -€32,074 | -44.1% |
| Trade receivables | 40 | €72,706 | €40,632 | -€32,074 | -44.1% |
| Cash at bank and in hand | 54/58 | €274,966 | €249,092 | -€25,874 | -9.4% |
| Deferred charges and accrued income | 490/1 | €6,747 | €2,524 | -€4,223 | -62.6% |
| Total equity and liabilities | 10/49 | €420,144 | €351,410 | -€68,734 | -16.4% |
| Equity | 10/15 | €343,637 | €273,825 | -€69,813 | -20.3% |
| Contributions | 10/11 | €62,001 | €62,001 | = | 0.0% |
| Capital | 10 | €62,001 | €62,001 | = | 0.0% |
| Issued capital | 100 | €62,001 | €62,001 | = | 0.0% |
| Reserves | 13 | €281,637 | €211,824 | -€69,813 | -24.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €275,437 | €205,624 | -€69,813 | -25.3% |
| Amounts payable | 17/49 | €76,507 | €77,585 | +€1,079 | +1.4% |
| Amounts payable within one year | 42/48 | €76,507 | €77,585 | +€1,079 | +1.4% |
| Trade debts | 44 | €40,841 | €59,377 | +€18,536 | +45.4% |
| Suppliers | 440/4 | €40,841 | €59,377 | +€18,536 | +45.4% |
| Taxes, remuneration and social security | 45 | €35,666 | €18,209 | -€17,457 | -48.9% |
| Taxes | 450/3 | €6,049 | €3,836 | -€2,213 | -36.6% |
| Remuneration and social security | 454/9 | €29,617 | €14,373 | -€15,245 | -51.5% |
| Remuneration, social security and pensions | 62 | €212,793 | €187,775 | -€25,017 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,018 | €2,858 | -€2,160 | -43.1% |
| Other operating charges | 640/8 | €2,288 | €2,426 | +€138 | +6.0% |
| Gross operating margin | 9900 | €180,505 | €118,972 | -€61,533 | -34.1% |
| Operating profit (loss) | 9901 | -€39,595 | -€74,087 | -€34,493 | -87.1% |
| Financial income | 75/76B | €3,385 | €4,733 | +€1,348 | +39.8% |
| Recurring financial income | 75 | €3,385 | €4,733 | +€1,348 | +39.8% |
| Financial charges | 65/66B | €840 | €296 | -€544 | -64.7% |
| Recurring financial charges | 65 | €840 | €296 | -€544 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,050 | -€69,650 | -€32,600 | -88.0% |
| Income taxes | 67/77 | €217 | €163 | -€54 | -25.1% |
| Profit (loss) for the period | 9904 | -€37,267 | -€69,813 | -€32,546 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,267 | -€69,813 | -€32,546 | -87.3% |
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 9 October 2026 via checked.be.