Mr. Franklin: 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.
Mr. Franklin
Largest movements
- Cash +€106,029
up €106,029 (+251%), from €42,199 to €148,228
mainly Net result for the year (+€143,089) and Receivables within one year (+€60,174)
- Receivables within one year -€60,174
down €60,174 (-45.7%), from €131,749 to €71,575
of which Trade receivables: -€52,137
- Receivables after one year +€40,453
up €40,453 (+108%), from €37,560 to €78,013
- Tangible fixed assets +€21,418
up €21,418 (+14.1%), from €152,302 to €173,720
of which Other tangible fixed assets: +€33,596
- Deferred charges and accrued income -€11,287
down €11,287 (-82.1%), from €13,748 to €2,461
- Reserves +€143,089
up €143,089 (+102%), from €140,824 to €283,913
of which Distributable reserves: +€143,089
- Trade debts -€50,053
down €50,053 (-62.9%), from €79,574 to €29,522
- Tax, wage and social debts +€29,763
up €29,763 (+101%), from €29,418 to €59,182
of which Taxes: +€33,708
- Debts after one year -€20,385
down €20,385 (-28.2%), from €72,232 to €51,846
- Short-term financial debts -€7,852
down €7,852 (-78.1%), from €10,059 to €2,207
of which Credit institutions: -€10,059
- Gross operating margin +€184,950
up €184,950 (+234%), from €79,011 to €263,962
- Taxes +€59,257
up €59,257 (+945%), from €6,269 to €65,526
- Staff costs -€21,046
down €21,046 (-64.5%), from €32,619 to €11,573
- Depreciation +€12,646
up €12,646 (+59.2%), from €21,354 to €34,000
- Other operating charges +€4,027
up €4,027 (+282%), from €1,425 to €5,452
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 | €379,158 | €475,647 | +€96,489 | +25.4% |
| Fixed assets | 21/28 | €153,902 | €175,370 | +€21,468 | +13.9% |
| Tangible fixed assets | 22/27 | €152,302 | €173,720 | +€21,418 | +14.1% |
| Land and buildings | 22 | €25,566 | €22,033 | -€3,533 | -13.8% |
| Plant, machinery and equipment | 23 | €7,582 | €6,845 | -€737 | -9.7% |
| Furniture and vehicles | 24 | €119,154 | €111,246 | -€7,908 | -6.6% |
| Other tangible fixed assets | 26 | - | €33,596 | +€33,596 | |
| Financial fixed assets | 28 | €1,600 | €1,650 | +€50 | +3.1% |
| Current assets | 29/58 | €225,255 | €300,277 | +€75,021 | +33.3% |
| Amounts receivable after more than one year | 29 | €37,560 | €78,013 | +€40,453 | +108% |
| Other amounts receivable | 291 | €37,560 | €78,013 | +€40,453 | +108% |
| Amounts receivable within one year | 40/41 | €131,749 | €71,575 | -€60,174 | -45.7% |
| Trade receivables | 40 | €123,397 | €71,260 | -€52,137 | -42.3% |
| Other amounts receivable | 41 | €8,351 | €315 | -€8,036 | -96.2% |
| Cash at bank and in hand | 54/58 | €42,199 | €148,228 | +€106,029 | +251% |
| Deferred charges and accrued income | 490/1 | €13,748 | €2,461 | -€11,287 | -82.1% |
| Total equity and liabilities | 10/49 | €379,158 | €475,647 | +€96,489 | +25.4% |
| Equity | 10/15 | €151,786 | €294,875 | +€143,089 | +94.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,824 | €283,913 | +€143,089 | +102% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €138,964 | €282,053 | +€143,089 | +103% |
| Profit (loss) carried forward | 14 | €4,762 | €4,762 | = | 0.0% |
| Amounts payable | 17/49 | €227,372 | €180,772 | -€46,600 | -20.5% |
| Amounts payable after more than one year | 17 | €72,232 | €51,846 | -€20,385 | -28.2% |
| Financial debts | 170/4 | €72,232 | €51,846 | -€20,385 | -28.2% |
| Amounts payable within one year | 42/48 | €155,140 | €128,926 | -€26,215 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €36,089 | €38,016 | +€1,927 | +5.3% |
| Financial debts | 43 | €10,059 | €2,207 | -€7,852 | -78.1% |
| Credit institutions | 430/8 | €10,059 | €0 | -€10,059 | -100% |
| Other loans | 439 | - | €2,207 | +€2,207 | |
| Trade debts | 44 | €79,574 | €29,522 | -€50,053 | -62.9% |
| Suppliers | 440/4 | €79,574 | €29,522 | -€50,053 | -62.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,418 | €59,182 | +€29,763 | +101% |
| Taxes | 450/3 | €19,393 | €53,100 | +€33,708 | +174% |
| Remuneration and social security | 454/9 | €10,026 | €6,081 | -€3,945 | -39.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €3,399 | +€3,399 | |
| Remuneration, social security and pensions | 62 | €32,619 | €11,573 | -€21,046 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,354 | €34,000 | +€12,646 | +59.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €643 | +€643 | |
| Other operating charges | 640/8 | €1,425 | €5,452 | +€4,027 | +282% |
| Gross operating margin | 9900 | €79,011 | €263,962 | +€184,950 | +234% |
| Operating profit (loss) | 9901 | €23,613 | €212,294 | +€188,680 | +799% |
| Financial income | 75/76B | €531 | €835 | +€304 | +57.3% |
| Recurring financial income | 75 | €531 | €835 | +€304 | +57.3% |
| Financial charges | 65/66B | €2,581 | €4,514 | +€1,934 | +74.9% |
| Recurring financial charges | 65 | €2,581 | €4,514 | +€1,934 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €21,564 | €208,615 | +€187,051 | +867% |
| Income taxes | 67/77 | €6,269 | €65,526 | +€59,257 | +945% |
| Profit (loss) for the period | 9904 | €15,295 | €143,089 | +€127,794 | +836% |
| Profit (loss) for the period to be appropriated | 9905 | €15,295 | €143,089 | +€127,794 | +836% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.