NEVEN FRANK: 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.
NEVEN FRANK
Largest movements
- Tangible fixed assets -€16,027
no longer reported in 2025 (was €16,027)
- Receivables within one year -€10,536
down €10,536 (-67.8%), from €15,536 to €5,000
of which Trade receivables: -€6,536
- Cash -€6,065
no longer reported in 2025 (was €6,065)
mainly Current portion of long-term debt (-€17,789) and Net result for the year (-€17,598)
- Current portion of long-term debt -€17,789
down €17,789 (-78.3%), from €22,708 to €4,919
- Profit (loss) carried forward -€17,598
down €17,598 (-247%), from -€7,122 to -€24,721
- Trade debts +€3,642
new in 2025: €3,642
- Tax, wage and social debts -€2,882
down €2,882 (-86.9%), from €3,315 to €433
- Other debts +€2,000
new in 2025: €2,000
- Gross operating margin +€36,437
up €36,437 (+83.4%), from -€43,699 to -€7,262
- Financial income -€10,717
no longer reported in 2025 (was €10,717)
of which Financial income: -€10,717
- Financial charges +€6,228
up €6,228 (+526%), from €1,183 to €7,411
- Taxes +€2,637
up €2,637, from -€2,204 to €433
- Other operating charges +€926
up €926 (+59.1%), from €1,566 to €2,492
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 | €38,368 | €5,740 | -€32,628 | -85.0% |
| Fixed assets | 21/28 | €16,767 | €740 | -€16,027 | -95.6% |
| Tangible fixed assets | 22/27 | €16,027 | - | -€16,027 | |
| Furniture and vehicles | 24 | €16,027 | - | -€16,027 | |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €21,601 | €5,000 | -€16,601 | -76.9% |
| Amounts receivable within one year | 40/41 | €15,536 | €5,000 | -€10,536 | -67.8% |
| Trade receivables | 40 | €11,536 | €5,000 | -€6,536 | -56.7% |
| Other amounts receivable | 41 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €6,065 | - | -€6,065 | |
| Total equity and liabilities | 10/49 | €38,368 | €5,740 | -€32,628 | -85.0% |
| Equity | 10/15 | €12,345 | -€5,254 | -€17,598 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,267 | €13,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,407 | €11,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,122 | -€24,721 | -€17,598 | -247% |
| Amounts payable | 17/49 | €26,023 | €10,994 | -€15,030 | -57.8% |
| Amounts payable within one year | 42/48 | €26,023 | €10,994 | -€15,030 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €22,708 | €4,919 | -€17,789 | -78.3% |
| Trade debts | 44 | - | €3,642 | +€3,642 | |
| Suppliers | 440/4 | - | €3,642 | +€3,642 | |
| Taxes, remuneration and social security | 45 | €3,315 | €433 | -€2,882 | -86.9% |
| Taxes | 450/3 | €3,315 | €433 | -€2,882 | -86.9% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | -€227 | - | +€227 | |
| Other operating charges | 640/8 | €1,566 | €2,492 | +€926 | +59.1% |
| Gross operating margin | 9900 | -€43,699 | -€7,262 | +€36,437 | +83.4% |
| Operating profit (loss) | 9901 | -€45,038 | -€9,754 | +€35,284 | +78.3% |
| Financial income | 75/76B | €10,717 | - | -€10,717 | |
| Recurring financial income | 75 | €10,717 | - | -€10,717 | |
| Non-recurring financial income | 76B | €10,717 | - | -€10,717 | |
| Financial charges | 65/66B | €1,183 | €7,411 | +€6,228 | +526% |
| Recurring financial charges | 65 | €1,183 | €7,411 | +€6,228 | +526% |
| Profit (loss) for the period before taxes | 9903 | -€35,504 | -€17,165 | +€18,339 | +51.7% |
| Income taxes | 67/77 | -€2,204 | €433 | +€2,637 | |
| Profit (loss) for the period | 9904 | -€33,301 | -€17,598 | +€15,702 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,301 | -€17,598 | +€15,702 | +47.2% |
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 26 October 2026 via checked.be.