FRANTRAP: 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.
FRANTRAP
Largest movements
- Tangible fixed assets -€32,291
down €32,291 (-73.9%), from €43,697 to €11,406
of which Plant, machinery and equipment: -€29,515
- Cash -€13,345
down €13,345 (-63.0%), from €21,177 to €7,832
mainly Net result for the year (-€62,338) and Tax, wage and social debts (-€4,522)
- Stocks and contracts -€3,500
down €3,500 (-10.3%), from €33,895 to €30,395
- Receivables within one year +€1,360
up €1,360 (+26.1%), from €5,213 to €6,573
of which Other amounts receivable: +€2,815
- Deferred charges and accrued income -€1,280
down €1,280 (-34.7%), from €3,686 to €2,406
- Profit (loss) carried forward -€62,338
down €62,338 (-34.3%), from -€181,534 to -€243,872
- Other debts +€18,843
up €18,843 (+26.7%), from €70,491 to €89,334
- Tax, wage and social debts -€4,522
no longer reported in 2025 (was €4,522)
of which Remuneration and social security: -€4,350
- Gross operating margin +€19,067
up €19,067 (+40.5%), from -€47,037 to -€27,970
- Depreciation -€1,629
down €1,629 (-4.8%), from €33,920 to €32,291
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 | €107,855 | €58,798 | -€49,057 | -45.5% |
| Fixed assets | 21/28 | €43,883 | €11,592 | -€32,291 | -73.6% |
| Tangible fixed assets | 22/27 | €43,697 | €11,406 | -€32,291 | -73.9% |
| Land and buildings | 22 | €4,665 | €2,607 | -€2,058 | -44.1% |
| Plant, machinery and equipment | 23 | €38,313 | €8,798 | -€29,515 | -77.0% |
| Furniture and vehicles | 24 | €719 | - | -€719 | |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €63,972 | €47,206 | -€16,766 | -26.2% |
| Stocks and contracts in progress | 3 | €33,895 | €30,395 | -€3,500 | -10.3% |
| Stocks | 30/36 | €33,895 | €30,395 | -€3,500 | -10.3% |
| Amounts receivable within one year | 40/41 | €5,213 | €6,573 | +€1,360 | +26.1% |
| Trade receivables | 40 | €1,603 | €148 | -€1,456 | -90.8% |
| Other amounts receivable | 41 | €3,610 | €6,425 | +€2,815 | +78.0% |
| Cash at bank and in hand | 54/58 | €21,177 | €7,832 | -€13,345 | -63.0% |
| Deferred charges and accrued income | 490/1 | €3,686 | €2,406 | -€1,280 | -34.7% |
| Total equity and liabilities | 10/49 | €107,855 | €58,798 | -€49,057 | -45.5% |
| Equity | 10/15 | €30,814 | -€31,524 | -€62,338 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €193,798 | €193,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,069 | €13,069 | = | 0.0% |
| Distributable reserves | 133 | €178,874 | €178,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,534 | -€243,872 | -€62,338 | -34.3% |
| Amounts payable | 17/49 | €77,041 | €90,321 | +€13,281 | +17.2% |
| Amounts payable within one year | 42/48 | €77,041 | €90,321 | +€13,281 | +17.2% |
| Trade debts | 44 | €2,028 | €988 | -€1,041 | -51.3% |
| Suppliers | 440/4 | €2,028 | €988 | -€1,041 | -51.3% |
| Taxes, remuneration and social security | 45 | €4,522 | - | -€4,522 | |
| Taxes | 450/3 | €172 | - | -€172 | |
| Remuneration and social security | 454/9 | €4,350 | - | -€4,350 | |
| Other amounts payable | 47/48 | €70,491 | €89,334 | +€18,843 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,920 | €32,291 | -€1,629 | -4.8% |
| Other operating charges | 640/8 | €1,471 | €1,314 | -€158 | -10.7% |
| Gross operating margin | 9900 | -€47,037 | -€27,970 | +€19,067 | +40.5% |
| Operating profit (loss) | 9901 | -€82,429 | -€61,575 | +€20,853 | +25.3% |
| Financial income | 75/76B | €285 | €235 | -€51 | -17.8% |
| Recurring financial income | 75 | €285 | €235 | -€51 | -17.8% |
| Financial charges | 65/66B | €311 | €544 | +€233 | +75.0% |
| Recurring financial charges | 65 | €311 | €544 | +€233 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | -€82,454 | -€61,884 | +€20,570 | +24.9% |
| Income taxes | 67/77 | €454 | €454 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€82,907 | -€62,338 | +€20,570 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,907 | -€62,338 | +€20,570 | +24.8% |
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 17 October 2026 via checked.be.