FRENCKEN: 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.
FRENCKEN
Largest movements
- Cash +€24,602
up €24,602 (+47.7%), from €51,569 to €76,171
mainly Net result for the year (+€36,217) and Trade debts (+€35,100)
- Receivables within one year +€23,746
up €23,746 (+14.9%), from €158,838 to €182,584
of which Trade receivables: +€15,319
- Intangible fixed assets -€18,357
down €18,357 (-38.2%), from €48,040 to €29,683
- Stocks and contracts -€11,925
down €11,925 (-7.2%), from €166,734 to €154,808
- Tangible fixed assets -€6,035
down €6,035 (-27.0%), from €22,390 to €16,355
of which Furniture and vehicles: -€3,601
- Debts after one year -€44,336
down €44,336 (-55.6%), from €79,734 to €35,397
- Trade debts +€35,100
up €35,100 (+33.8%), from €103,886 to €138,986
- Reserves +€34,000
up €34,000 (+21.8%), from €156,000 to €190,000
- Tax, wage and social debts -€9,012
down €9,012 (-30.4%), from €29,651 to €20,639
of which Taxes: -€11,123
- Other debts -€6,823
down €6,823 (-21.2%), from €32,243 to €25,421
- Staff costs +€19,418
up €19,418 (+20.3%), from €95,561 to €114,979
- Gross operating margin -€12,164
down €12,164 (-5.0%), from €244,281 to €232,117
- Depreciation -€10,656
down €10,656 (-28.2%), from €37,796 to €27,141
- Taxes -€5,504
down €5,504 (-29.3%), from €18,812 to €13,308
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 | €452,535 | €464,818 | +€12,282 | +2.7% |
| Fixed assets | 21/28 | €70,430 | €46,038 | -€24,392 | -34.6% |
| Intangible fixed assets | 21 | €48,040 | €29,683 | -€18,357 | -38.2% |
| Tangible fixed assets | 22/27 | €22,390 | €16,355 | -€6,035 | -27.0% |
| Land and buildings | 22 | €5,495 | €4,925 | -€570 | -10.4% |
| Plant, machinery and equipment | 23 | €9,849 | €7,986 | -€1,863 | -18.9% |
| Furniture and vehicles | 24 | €7,045 | €3,444 | -€3,601 | -51.1% |
| Current assets | 29/58 | €382,106 | €418,780 | +€36,674 | +9.6% |
| Stocks and contracts in progress | 3 | €166,734 | €154,808 | -€11,925 | -7.2% |
| Stocks | 30/36 | €166,734 | €154,808 | -€11,925 | -7.2% |
| Amounts receivable within one year | 40/41 | €158,838 | €182,584 | +€23,746 | +14.9% |
| Trade receivables | 40 | €72,746 | €88,065 | +€15,319 | +21.1% |
| Other amounts receivable | 41 | €86,092 | €94,519 | +€8,427 | +9.8% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,569 | €76,171 | +€24,602 | +47.7% |
| Deferred charges and accrued income | 490/1 | €2,465 | €2,717 | +€252 | +10.2% |
| Total equity and liabilities | 10/49 | €452,535 | €464,818 | +€12,282 | +2.7% |
| Equity | 10/15 | €162,553 | €198,771 | +€36,217 | +22.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,000 | €190,000 | +€34,000 | +21.8% |
| Distributable reserves | 133 | €156,000 | €190,000 | +€34,000 | +21.8% |
| Profit (loss) carried forward | 14 | €353 | €2,571 | +€2,217 | +628.0% |
| Amounts payable | 17/49 | €289,982 | €266,047 | -€23,935 | -8.3% |
| Amounts payable after more than one year | 17 | €79,734 | €35,397 | -€44,336 | -55.6% |
| Financial debts | 170/4 | €79,734 | €35,397 | -€44,336 | -55.6% |
| Amounts payable within one year | 42/48 | €210,205 | €229,838 | +€19,633 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €44,424 | €44,336 | -€88 | -0.2% |
| Financial debts | 43 | - | €456 | +€456 | |
| Credit institutions | 430/8 | - | €456 | +€456 | |
| Trade debts | 44 | €103,886 | €138,986 | +€35,100 | +33.8% |
| Suppliers | 440/4 | €103,886 | €138,986 | +€35,100 | +33.8% |
| Taxes, remuneration and social security | 45 | €29,651 | €20,639 | -€9,012 | -30.4% |
| Taxes | 450/3 | €15,300 | €4,177 | -€11,123 | -72.7% |
| Remuneration and social security | 454/9 | €14,351 | €16,462 | +€2,111 | +14.7% |
| Other amounts payable | 47/48 | €32,243 | €25,421 | -€6,823 | -21.2% |
| Accrued charges and deferred income | 492/3 | €44 | €812 | +€768 | +1754.0% |
| Remuneration, social security and pensions | 62 | €95,561 | €114,979 | +€19,418 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,796 | €27,141 | -€10,656 | -28.2% |
| Other operating charges | 640/8 | €1,544 | €2,501 | +€957 | +62.0% |
| Gross operating margin | 9900 | €244,281 | €232,117 | -€12,164 | -5.0% |
| Operating profit (loss) | 9901 | €109,380 | €87,496 | -€21,884 | -20.0% |
| Financial income | 75/76B | €244 | - | -€244 | |
| Recurring financial income | 75 | €244 | - | -€244 | |
| Financial charges | 65/66B | €37,697 | €37,971 | +€274 | +0.7% |
| Recurring financial charges | 65 | €37,697 | €37,971 | +€274 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €71,927 | €49,526 | -€22,402 | -31.1% |
| Income taxes | 67/77 | €18,812 | €13,308 | -€5,504 | -29.3% |
| Profit (loss) for the period | 9904 | €53,115 | €36,217 | -€16,898 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,115 | €36,217 | -€16,898 | -31.8% |
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 6 October 2026 via checked.be.