FRANVESCO: 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.
FRANVESCO
Largest movements
- Tangible fixed assets +€256,121
up €256,121 (+11.9%), from €2.2m to €2.4m
of which Assets under construction and advance payments: +€341,703
- Cash +€101,001
up €101,001 (+124.5%), from €81,125 to €182,126
mainly Other debts (+€241,278) and Depreciation (+€195,276)
- Receivables within one year -€99,754
down €99,754 (-89.7%), from €111,234 to €11,480
of which Other amounts receivable: -€106,519
- Other debts +€241,278
new in 2025: €241,278
- Profit (loss) carried forward +€82,858
up €82,858 (+5.1%), from -€1.6m to -€1.6m
- Debts after one year -€58,167
down €58,167 (-26.7%), from €218,125 to €159,959
- Purchases and services +€49,364
up €49,364 (+42.8%), from €115,306 to €164,670
- Gross operating margin -€31,462
down €31,462 (-8.1%), from €389,949 to €358,487
- Depreciation -€28,705
down €28,705 (-12.8%), from €223,981 to €195,276
- Turnover +€13,590
up €13,590 (+3.9%), from €350,140 to €363,730
- Financial charges -€6,825
down €6,825 (-36.6%), from €18,636 to €11,811
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 | €2,352,060 | €2,609,853 | +€257,793 | +11.0% |
| Fixed assets | 21/28 | €2,153,832 | €2,409,953 | +€256,121 | +11.9% |
| Tangible fixed assets | 22/27 | €2,153,774 | €2,409,894 | +€256,121 | +11.9% |
| Land and buildings | 22 | €2,137,246 | €2,062,054 | -€75,192 | -3.5% |
| Plant, machinery and equipment | 23 | €8,296 | €5,528 | -€2,768 | -33.4% |
| Furniture and vehicles | 24 | €8,232 | €609 | -€7,622 | -92.6% |
| Assets under construction and advance payments | 27 | - | €341,703 | +€341,703 | |
| Financial fixed assets | 28 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €198,228 | €199,901 | +€1,673 | +0.8% |
| Amounts receivable within one year | 40/41 | €111,234 | €11,480 | -€99,754 | -89.7% |
| Trade receivables | 40 | €4,715 | €11,480 | +€6,764 | +143.5% |
| Other amounts receivable | 41 | €106,519 | €0 | -€106,519 | -100.0% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,125 | €182,126 | +€101,001 | +124.5% |
| Deferred charges and accrued income | 490/1 | €5,870 | €6,296 | +€426 | +7.3% |
| Total equity and liabilities | 10/49 | €2,352,060 | €2,609,853 | +€257,793 | +11.0% |
| Equity | 10/15 | €2,028,977 | €2,111,822 | +€82,845 | +4.1% |
| Contributions | 10/11 | €3,665,000 | €3,665,000 | = | 0.0% |
| Capital | 10 | €3,665,000 | €3,665,000 | = | 0.0% |
| Issued capital | 100 | €3,665,000 | €3,665,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,636,095 | -€1,553,237 | +€82,858 | +5.1% |
| Investment grants | 15 | €72 | €59 | -€13 | -18.2% |
| Amounts payable | 17/49 | €323,083 | €498,032 | +€174,949 | +54.1% |
| Amounts payable after more than one year | 17 | €218,125 | €159,959 | -€58,167 | -26.7% |
| Financial debts | 170/4 | €218,125 | €159,959 | -€58,167 | -26.7% |
| Amounts payable within one year | 42/48 | €104,914 | €338,073 | +€233,159 | +222.2% |
| Current portion of amounts payable after more than one year | 42 | €58,167 | €58,167 | = | 0.0% |
| Trade debts | 44 | €19,784 | €8,372 | -€11,412 | -57.7% |
| Suppliers | 440/4 | €19,784 | €8,372 | -€11,412 | -57.7% |
| Taxes, remuneration and social security | 45 | €26,964 | €30,257 | +€3,294 | +12.2% |
| Taxes | 450/3 | €23,087 | €26,241 | +€3,154 | +13.7% |
| Remuneration and social security | 454/9 | €3,877 | €4,016 | +€140 | +3.6% |
| Other amounts payable | 47/48 | - | €241,278 | +€241,278 | |
| Accrued charges and deferred income | 492/3 | €43 | €0 | -€43 | -100.0% |
| Turnover | 70 | €350,140 | €363,730 | +€13,590 | +3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,306 | €164,670 | +€49,364 | +42.8% |
| Remuneration, social security and pensions | 62 | €55,713 | €56,544 | +€831 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,981 | €195,276 | -€28,705 | -12.8% |
| Other operating charges | 640/8 | €8,192 | €8,446 | +€253 | +3.1% |
| Gross operating margin | 9900 | €389,949 | €358,487 | -€31,462 | -8.1% |
| Operating profit (loss) | 9901 | €102,062 | €98,222 | -€3,840 | -3.8% |
| Financial income | 75/76B | €1,311 | €19 | -€1,292 | -98.6% |
| Recurring financial income | 75 | €1,311 | €19 | -€1,292 | -98.6% |
| Financial charges | 65/66B | €18,636 | €11,811 | -€6,825 | -36.6% |
| Recurring financial charges | 65 | €18,636 | €11,811 | -€6,825 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €84,737 | €86,430 | +€1,692 | +2.0% |
| Income taxes | 67/77 | €6,667 | €3,572 | -€3,095 | -46.4% |
| Profit (loss) for the period | 9904 | €78,070 | €82,858 | +€4,788 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,070 | €82,858 | +€4,788 | +6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.