FRANTSEN: 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.
FRANTSEN
Largest movements
- Receivables within one year +€51,322
up €51,322 (+21.2%), from €241,956 to €293,279
- Tangible fixed assets -€35,249
down €35,249 (-6.4%), from €551,213 to €515,963
of which Land and buildings: -€33,070
- Cash -€28,539
down €28,539 (-38.4%), from €74,385 to €45,846
mainly Trade debts (-€70,713) and Contributions, distributions and other (-€65,000)
- Stocks and contracts -€23,568
down €23,568 (-21.5%), from €109,512 to €85,944
- Current investments -€20,000
down €20,000 (-4.5%), from €445,000 to €425,000
- Trade debts -€70,713
down €70,713 (-26.3%), from €269,293 to €198,580
- Reserves +€44,318
up €44,318 (+8.9%), from €497,061 to €541,379
of which Distributable reserves: +€44,318
- Debts after one year -€35,545
down €35,545 (-11.3%), from €315,459 to €279,914
- Tax, wage and social debts +€24,751
up €24,751 (+23.7%), from €104,653 to €129,404
of which Taxes: +€21,876
- Advances received -€22,447
down €22,447 (-20.7%), from €108,617 to €86,170
- Gross operating margin +€69,711
up €69,711 (+9.3%), from €751,382 to €821,093
- Write-downs +€25,006
new in 2025: €25,006
- Taxes +€16,185
up €16,185 (+62.7%), from €25,813 to €41,998
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 | €1,439,142 | €1,379,394 | -€59,748 | -4.2% |
| Fixed assets | 21/28 | €553,432 | €516,450 | -€36,982 | -6.7% |
| Intangible fixed assets | 21 | €2,219 | €486 | -€1,733 | -78.1% |
| Tangible fixed assets | 22/27 | €551,213 | €515,963 | -€35,249 | -6.4% |
| Land and buildings | 22 | €479,428 | €446,358 | -€33,070 | -6.9% |
| Plant, machinery and equipment | 23 | €68,049 | €59,056 | -€8,994 | -13.2% |
| Furniture and vehicles | 24 | €3,735 | €10,549 | +€6,814 | +182% |
| Current assets | 29/58 | €885,710 | €862,944 | -€22,765 | -2.6% |
| Stocks and contracts in progress | 3 | €109,512 | €85,944 | -€23,568 | -21.5% |
| Stocks | 30/36 | €109,512 | €85,944 | -€23,568 | -21.5% |
| Amounts receivable within one year | 40/41 | €241,956 | €293,279 | +€51,322 | +21.2% |
| Trade receivables | 40 | €241,956 | €293,279 | +€51,322 | +21.2% |
| Current investments | 50/53 | €445,000 | €425,000 | -€20,000 | -4.5% |
| Cash at bank and in hand | 54/58 | €74,385 | €45,846 | -€28,539 | -38.4% |
| Deferred charges and accrued income | 490/1 | €14,856 | €12,876 | -€1,981 | -13.3% |
| Total equity and liabilities | 10/49 | €1,439,142 | €1,379,394 | -€59,748 | -4.2% |
| Equity | 10/15 | €534,261 | €578,579 | +€44,318 | +8.3% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €497,061 | €541,379 | +€44,318 | +8.9% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,700 | €12,700 | = | 0.0% |
| Distributable reserves | 133 | €480,641 | €524,960 | +€44,318 | +9.2% |
| Amounts payable | 17/49 | €904,881 | €800,815 | -€104,066 | -11.5% |
| Amounts payable after more than one year | 17 | €315,459 | €279,914 | -€35,545 | -11.3% |
| Financial debts | 170/4 | €315,459 | €279,914 | -€35,545 | -11.3% |
| Amounts payable within one year | 42/48 | €585,001 | €515,498 | -€69,502 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €37,437 | €35,545 | -€1,892 | -5.1% |
| Trade debts | 44 | €269,293 | €198,580 | -€70,713 | -26.3% |
| Suppliers | 440/4 | €269,293 | €198,580 | -€70,713 | -26.3% |
| Advances received on contracts in progress | 46 | €108,617 | €86,170 | -€22,447 | -20.7% |
| Taxes, remuneration and social security | 45 | €104,653 | €129,404 | +€24,751 | +23.7% |
| Taxes | 450/3 | €21,472 | €43,348 | +€21,876 | +102% |
| Remuneration and social security | 454/9 | €83,181 | €86,056 | +€2,875 | +3.5% |
| Other amounts payable | 47/48 | €65,000 | €65,800 | +€800 | +1.2% |
| Accrued charges and deferred income | 492/3 | €4,422 | €5,403 | +€981 | +22.2% |
| Remuneration, social security and pensions | 62 | €593,169 | €594,587 | +€1,418 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,301 | €49,909 | -€1,392 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,006 | +€25,006 | |
| Other operating charges | 640/8 | €10,792 | €11,266 | +€475 | +4.4% |
| Gross operating margin | 9900 | €751,382 | €821,093 | +€69,711 | +9.3% |
| Operating profit (loss) | 9901 | €96,121 | €140,324 | +€44,204 | +46.0% |
| Financial income | 75/76B | €16,486 | €17,350 | +€864 | +5.2% |
| Recurring financial income | 75 | €16,486 | €17,350 | +€864 | +5.2% |
| Financial charges | 65/66B | €6,982 | €6,358 | -€624 | -8.9% |
| Recurring financial charges | 65 | €6,982 | €6,358 | -€624 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €105,624 | €151,316 | +€45,692 | +43.3% |
| Income taxes | 67/77 | €25,813 | €41,998 | +€16,185 | +62.7% |
| Profit (loss) for the period | 9904 | €79,811 | €109,318 | +€29,507 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,811 | €109,318 | +€29,507 | +37.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.