FRANZ CLAASSENS: 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.
FRANZ CLAASSENS
Largest movements
- Current investments +€241,568
up €241,568 (+25.2%), from €958,432 to €1.2m
- Tangible fixed assets -€90,636
down €90,636 (-17.8%), from €508,388 to €417,752
of which Furniture and vehicles: -€99,406
- Cash +€89,931
up €89,931 (+13.3%), from €676,943 to €766,874
mainly Net result for the year (+€449,814) and Depreciation (+€140,294)
- Receivables within one year -€56,668
down €56,668 (-50.9%), from €111,251 to €54,583
of which Trade receivables: -€55,895
- Reserves +€168,611
up €168,611 (+8.7%), from €1.9m to €2.1m
- Tax, wage and social debts -€82,120
down €82,120 (-84.1%), from €97,689 to €15,569
of which Taxes: -€61,282
- Other debts +€80,852
up €80,852 (+40.6%), from €199,318 to €280,170
- Gross operating margin -€220,121
down €220,121 (-15.9%), from €1.4m to €1.2m
- Taxes -€60,807
down €60,807 (-23.0%), from €264,644 to €203,837
- Staff costs -€38,877
down €38,877 (-9.1%), from €428,442 to €389,565
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 | €2,502,761 | €2,674,722 | +€171,961 | +6.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €518,715 | €428,079 | -€90,636 | -17.5% |
| Tangible fixed assets | 22/27 | €508,388 | €417,752 | -€90,636 | -17.8% |
| Land and buildings | 22 | €146,542 | €161,745 | +€15,204 | +10.4% |
| Plant, machinery and equipment | 23 | €86,690 | €80,257 | -€6,434 | -7.4% |
| Furniture and vehicles | 24 | €275,156 | €175,750 | -€99,406 | -36.1% |
| Financial fixed assets | 28 | €10,327 | €10,327 | = | 0.0% |
| Current assets | 29/58 | €1,984,046 | €2,246,643 | +€262,597 | +13.2% |
| Stocks and contracts in progress | 3 | €209,925 | €192,592 | -€17,333 | -8.3% |
| Stocks | 30/36 | €156,925 | €192,592 | +€35,667 | +22.7% |
| Contracts in progress | 37 | €53,000 | - | -€53,000 | |
| Amounts receivable within one year | 40/41 | €111,251 | €54,583 | -€56,668 | -50.9% |
| Trade receivables | 40 | €74,954 | €19,060 | -€55,895 | -74.6% |
| Other amounts receivable | 41 | €36,297 | €35,523 | -€774 | -2.1% |
| Current investments | 50/53 | €958,432 | €1,200,000 | +€241,568 | +25.2% |
| Cash at bank and in hand | 54/58 | €676,943 | €766,874 | +€89,931 | +13.3% |
| Deferred charges and accrued income | 490/1 | €27,495 | €32,594 | +€5,099 | +18.5% |
| Total equity and liabilities | 10/49 | €2,502,761 | €2,674,722 | +€171,961 | +6.9% |
| Equity | 10/15 | €1,976,607 | €2,145,218 | +€168,611 | +8.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,947,753 | €2,116,363 | +€168,611 | +8.7% |
| Distributable reserves | 133 | €1,947,753 | €2,116,363 | +€168,611 | +8.7% |
| Investment grants | 15 | €10,262 | €10,262 | = | 0.0% |
| Provisions and deferred taxes | 16 | €218,284 | €218,284 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €213,000 | €213,000 | = | 0.0% |
| Environmental obligations | 163 | - | €213,000 | +€213,000 | |
| Other liabilities and charges | 164/5 | €213,000 | - | -€213,000 | |
| Deferred taxes | 168 | €5,284 | €5,284 | = | 0.0% |
| Amounts payable | 17/49 | €307,870 | €311,220 | +€3,350 | +1.1% |
| Amounts payable within one year | 42/48 | €304,456 | €306,247 | +€1,791 | +0.6% |
| Trade debts | 44 | €7,450 | €10,509 | +€3,059 | +41.1% |
| Suppliers | 440/4 | €7,450 | €10,509 | +€3,059 | +41.1% |
| Taxes, remuneration and social security | 45 | €97,689 | €15,569 | -€82,120 | -84.1% |
| Taxes | 450/3 | €63,854 | €2,571 | -€61,282 | -96.0% |
| Remuneration and social security | 454/9 | €33,835 | €12,998 | -€20,837 | -61.6% |
| Other amounts payable | 47/48 | €199,318 | €280,170 | +€80,852 | +40.6% |
| Accrued charges and deferred income | 492/3 | €3,414 | €4,973 | +€1,559 | +45.7% |
| Non-recurring operating income | 76A | €27,211 | €17,681 | -€9,530 | -35.0% |
| Remuneration, social security and pensions | 62 | €428,442 | €389,565 | -€38,877 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,434 | €140,294 | +€12,860 | +10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €10,398 | €9,081 | -€1,317 | -12.7% |
| Gross operating margin | 9900 | €1,385,667 | €1,165,546 | -€220,121 | -15.9% |
| Operating profit (loss) | 9901 | €819,394 | €626,607 | -€192,787 | -23.5% |
| Financial income | 75/76B | €30,285 | €31,188 | +€903 | +3.0% |
| Recurring financial income | 75 | €30,285 | €31,188 | +€903 | +3.0% |
| Financial charges | 65/66B | €483 | €4,145 | +€3,662 | +758% |
| Recurring financial charges | 65 | €483 | €4,145 | +€3,662 | +758% |
| Profit (loss) for the period before taxes | 9903 | €849,196 | €653,651 | -€195,545 | -23.0% |
| Income taxes | 67/77 | €264,644 | €203,837 | -€60,807 | -23.0% |
| Profit (loss) for the period | 9904 | €584,553 | €449,814 | -€134,739 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €584,553 | €449,814 | -€134,739 | -23.0% |
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 29 October 2026 via checked.be.