H. FRANKEN: 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.
H. FRANKEN
Largest movements
- Current investments +€300,000
up €300,000 (+300%), from €100,000 to €400,000
- Cash -€214,540
down €214,540 (-72.2%), from €297,328 to €82,789
mainly Current investments (-€300,000) and Receivables within one year (-€68,794)
- Tangible fixed assets -€104,384
down €104,384 (-53.0%), from €197,089 to €92,705
of which Furniture and vehicles: -€95,020
- Receivables within one year +€68,794
up €68,794 (+152%), from €45,156 to €113,950
of which Trade receivables: +€47,549
- Stocks and contracts -€25,534
down €25,534 (-100%), from €25,534 to €0
- Reserves +€105,434
up €105,434 (+20.2%), from €523,160 to €628,593
of which Distributable reserves: +€105,434
- Other debts -€64,448
down €64,448 (-100%), from €64,448 to €0
- Trade debts -€13,314
down €13,314 (-98.2%), from €13,563 to €250
- Gross operating margin -€115,156
down €115,156 (-30.6%), from €376,505 to €261,349
- Other operating charges +€47,481
up €47,481 (+1,029%), from €4,613 to €52,094
- Staff costs -€42,305
down €42,305 (-50.1%), from €84,454 to €42,149
- Taxes -€29,472
down €29,472 (-36.5%), from €80,723 to €51,251
- Depreciation -€24,428
down €24,428 (-59.2%), from €41,291 to €16,862
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 | €669,542 | €692,900 | +€23,358 | +3.5% |
| Fixed assets | 21/28 | €197,531 | €92,754 | -€104,777 | -53.0% |
| Tangible fixed assets | 22/27 | €197,089 | €92,705 | -€104,384 | -53.0% |
| Land and buildings | 22 | €84,892 | €75,932 | -€8,961 | -10.6% |
| Plant, machinery and equipment | 23 | €1,409 | €1,005 | -€404 | -28.7% |
| Furniture and vehicles | 24 | €110,788 | €15,768 | -€95,020 | -85.8% |
| Financial fixed assets | 28 | €442 | €50 | -€393 | -88.8% |
| Current assets | 29/58 | €472,011 | €600,145 | +€128,134 | +27.1% |
| Stocks and contracts in progress | 3 | €25,534 | €0 | -€25,534 | -100% |
| Stocks | 30/36 | €25,534 | €0 | -€25,534 | -100% |
| Amounts receivable within one year | 40/41 | €45,156 | €113,950 | +€68,794 | +152% |
| Trade receivables | 40 | €39,768 | €87,317 | +€47,549 | +120% |
| Other amounts receivable | 41 | €5,388 | €26,633 | +€21,244 | +394% |
| Current investments | 50/53 | €100,000 | €400,000 | +€300,000 | +300% |
| Cash at bank and in hand | 54/58 | €297,328 | €82,789 | -€214,540 | -72.2% |
| Deferred charges and accrued income | 490/1 | €3,992 | €3,407 | -€585 | -14.7% |
| Total equity and liabilities | 10/49 | €669,542 | €692,900 | +€23,358 | +3.5% |
| Equity | 10/15 | €578,627 | €683,180 | +€104,553 | +18.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €523,160 | €628,593 | +€105,434 | +20.2% |
| Non-distributable reserves | 130/1 | €23,459 | €23,459 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,459 | €23,459 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €480,951 | €586,384 | +€105,434 | +21.9% |
| Profit (loss) carried forward | 14 | €35,994 | €35,994 | = | 0.0% |
| Investment grants | 15 | €881 | €0 | -€881 | -100% |
| Amounts payable | 17/49 | €90,915 | €9,720 | -€81,195 | -89.3% |
| Amounts payable within one year | 42/48 | €90,915 | €9,720 | -€81,195 | -89.3% |
| Trade debts | 44 | €13,563 | €250 | -€13,314 | -98.2% |
| Suppliers | 440/4 | €13,563 | €250 | -€13,314 | -98.2% |
| Taxes, remuneration and social security | 45 | €12,904 | €9,470 | -€3,434 | -26.6% |
| Taxes | 450/3 | €6,736 | €9,340 | +€2,604 | +38.7% |
| Remuneration and social security | 454/9 | €6,168 | €130 | -€6,037 | -97.9% |
| Other amounts payable | 47/48 | €64,448 | €0 | -€64,448 | -100% |
| Remuneration, social security and pensions | 62 | €84,454 | €42,149 | -€42,305 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,291 | €16,862 | -€24,428 | -59.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,613 | €52,094 | +€47,481 | +1,029% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €376,505 | €261,349 | -€115,156 | -30.6% |
| Operating profit (loss) | 9901 | €246,147 | €150,244 | -€95,904 | -39.0% |
| Financial income | 75/76B | €6,265 | €6,657 | +€392 | +6.3% |
| Recurring financial income | 75 | €6,265 | €6,657 | +€392 | +6.3% |
| Financial charges | 65/66B | €519 | €216 | -€303 | -58.5% |
| Recurring financial charges | 65 | €519 | €216 | -€303 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €251,893 | €156,685 | -€95,208 | -37.8% |
| Income taxes | 67/77 | €80,723 | €51,251 | -€29,472 | -36.5% |
| Profit (loss) for the period | 9904 | €171,170 | €105,434 | -€65,736 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €171,170 | €105,434 | -€65,736 | -38.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.