FRANZ: 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.
FRANZ
Largest movements
- Receivables within one year +€203,476
up €203,476 (+100.4%), from €202,715 to €406,191
of which Other amounts receivable: +€207,156
- Tangible fixed assets -€71,973
down €71,973 (-12.4%), from €579,091 to €507,118
of which Plant, machinery and equipment: -€71,524
- Profit (loss) carried forward +€79,081
up €79,081 (+12.9%), from €614,052 to €693,133
- Trade debts +€29,368
up €29,368 (+57.4%), from €51,187 to €80,555
- Tax, wage and social debts +€21,881
up €21,881 (+25.9%), from €84,457 to €106,338
of which Taxes: +€13,845
- Turnover +€177,577
up €177,577 (+31.4%), from €566,409 to €743,986
- Goods and materials +€69,867
up €69,867 (+72.3%), from €96,663 to €166,530
of which Purchases: +€74,255
- Depreciation +€52,772
up €52,772 (+186.6%), from €28,285 to €81,057
- Services and other goods +€36,807
up €36,807 (+34.6%), from €106,330 to €143,137
- Financial income -€11,485
down €11,485 (-69.5%), from €16,527 to €5,042
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,254 | €971,799 | +€133,545 | +15.9% |
| Fixed assets | 21/28 | €579,649 | €507,676 | -€71,973 | -12.4% |
| Tangible fixed assets | 22/27 | €579,091 | €507,118 | -€71,973 | -12.4% |
| Land and buildings | 22 | €1,798 | €1,470 | -€328 | -18.2% |
| Plant, machinery and equipment | 23 | €576,847 | €505,323 | -€71,524 | -12.4% |
| Furniture and vehicles | 24 | €447 | €325 | -€122 | -27.3% |
| Financial fixed assets | 28 | €558 | €558 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €558 | €558 | +€0 | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €558 | €558 | +€0 | 0.0% |
| Current assets | 29/58 | €258,604 | €464,123 | +€205,519 | +79.5% |
| Stocks and contracts in progress | 3 | €48,451 | €53,879 | +€5,428 | +11.2% |
| Stocks | 30/36 | €48,451 | €53,879 | +€5,428 | +11.2% |
| Raw materials and consumables | 30/31 | €34,456 | €41,566 | +€7,110 | +20.6% |
| Finished goods | 33 | €13,995 | €12,313 | -€1,682 | -12.0% |
| Amounts receivable within one year | 40/41 | €202,715 | €406,191 | +€203,476 | +100.4% |
| Trade receivables | 40 | €39,935 | €36,255 | -€3,680 | -9.2% |
| Other amounts receivable | 41 | €162,780 | €369,936 | +€207,156 | +127.3% |
| Cash at bank and in hand | 54/58 | €7,438 | €4,053 | -€3,385 | -45.5% |
| Total equity and liabilities | 10/49 | €838,254 | €971,799 | +€133,545 | +15.9% |
| Equity | 10/15 | €702,610 | €781,691 | +€79,081 | +11.3% |
| Contributions | 10/11 | €62,325 | €62,325 | +€0 | 0.0% |
| Capital | 10 | €62,325 | €62,325 | +€0 | 0.0% |
| Issued capital | 100 | €62,325 | €62,325 | +€0 | 0.0% |
| Reserves | 13 | €26,233 | €26,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,233 | €6,233 | = | 0.0% |
| Legal reserve | 130 | €6,233 | €6,233 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €614,052 | €693,133 | +€79,081 | +12.9% |
| Amounts payable | 17/49 | €135,644 | €190,108 | +€54,464 | +40.2% |
| Amounts payable within one year | 42/48 | €135,644 | €186,893 | +€51,249 | +37.8% |
| Trade debts | 44 | €51,187 | €80,555 | +€29,368 | +57.4% |
| Suppliers | 440/4 | €51,187 | €80,555 | +€29,368 | +57.4% |
| Taxes, remuneration and social security | 45 | €84,457 | €106,338 | +€21,881 | +25.9% |
| Taxes | 450/3 | €12,515 | €26,360 | +€13,845 | +110.6% |
| Remuneration and social security | 454/9 | €71,942 | €79,978 | +€8,036 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €3,215 | +€3,215 | |
| Operating income | 70/76A | €574,472 | €748,977 | +€174,505 | +30.4% |
| Turnover | 70 | €566,409 | €743,986 | +€177,577 | +31.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,587 | €2,226 | -€2,361 | -51.5% |
| Other operating income | 74 | €3,476 | €2,765 | -€711 | -20.5% |
| Operating charges | 60/66A | €529,886 | €698,996 | +€169,110 | +31.9% |
| Goods for resale, raw materials and consumables | 60 | €96,663 | €166,530 | +€69,867 | +72.3% |
| Purchases | 600/8 | €93,808 | €168,063 | +€74,255 | +79.2% |
| Change in stocks: decrease (increase) | 609 | €2,855 | -€1,533 | -€4,388 | |
| Services and other goods | 61 | €106,330 | €143,137 | +€36,807 | +34.6% |
| Remuneration, social security and pensions | 62 | €294,833 | €304,028 | +€9,195 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,285 | €81,057 | +€52,772 | +186.6% |
| Other operating charges | 640/8 | €3,776 | €4,244 | +€468 | +12.4% |
| Operating profit (loss) | 9901 | €44,586 | €49,981 | +€5,395 | +12.1% |
| Financial income | 75/76B | €16,527 | €5,042 | -€11,485 | -69.5% |
| Recurring financial income | 75 | €16,527 | €5,042 | -€11,485 | -69.5% |
| Income from current assets | 751 | - | €872 | +€872 | |
| Other financial income | 752/9 | €16,527 | €4,170 | -€12,357 | -74.8% |
| Financial charges | 65/66B | €2,165 | €2,174 | +€9 | +0.4% |
| Recurring financial charges | 65 | €2,165 | €2,174 | +€9 | +0.4% |
| Debt charges | 650 | €34 | - | -€34 | |
| Other financial charges | 652/9 | €2,130 | €2,174 | +€44 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €58,948 | €52,849 | -€6,099 | -10.3% |
| Income taxes | 67/77 | €16,550 | €16,309 | -€241 | -1.5% |
| Taxes | 670/3 | €16,700 | €16,309 | -€391 | -2.3% |
| Tax adjustments and reversals of tax provisions | 77 | €150 | - | -€150 | |
| Profit (loss) for the period | 9904 | €42,397 | €36,540 | -€5,857 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,397 | €36,540 | -€5,857 | -13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.