PROPS 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.
PROPS FRANK
Largest movements
- Cash +€120,647
up €120,647 (+92.7%), from €130,180 to €250,827
mainly Net result for the year (+€102,535) and Depreciation (+€70,569)
- Tangible fixed assets -€65,061
down €65,061 (-6.9%), from €948,893 to €883,832
of which Land and buildings: -€35,208
- Receivables within one year -€24,638
down €24,638 (-33.9%), from €72,661 to €48,022
of which Trade receivables: -€30,339
- Reserves +€102,500
up €102,500 (+32.4%), from €316,210 to €418,710
of which Distributable reserves: +€102,500
- Debts after one year -€71,204
down €71,204 (-9.6%), from €742,141 to €670,937
- Tax, wage and social debts +€18,948
up €18,948 (+49.6%), from €38,239 to €57,187
of which Taxes: +€19,286
- Gross operating margin +€54,649
up €54,649 (+25.5%), from €214,005 to €268,653
- Taxes +€21,323
up €21,323 (+87.7%), from €24,300 to €45,623
- Depreciation -€16,731
down €16,731 (-19.2%), from €87,300 to €70,569
- Financial charges +€9,277
up €9,277 (+48.0%), from €19,313 to €28,590
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 | €1,298,307 | €1,335,623 | +€37,315 | +2.9% |
| Fixed assets | 21/28 | €948,893 | €883,832 | -€65,061 | -6.9% |
| Tangible fixed assets | 22/27 | €948,893 | €883,832 | -€65,061 | -6.9% |
| Land and buildings | 22 | €862,205 | €826,998 | -€35,208 | -4.1% |
| Plant, machinery and equipment | 23 | €51,836 | €34,937 | -€16,899 | -32.6% |
| Furniture and vehicles | 24 | €33,851 | €19,647 | -€14,205 | -42.0% |
| Other tangible fixed assets | 26 | €1,000 | €2,250 | +€1,250 | +125% |
| Current assets | 29/58 | €349,414 | €451,791 | +€102,377 | +29.3% |
| Stocks and contracts in progress | 3 | €137,763 | €143,518 | +€5,755 | +4.2% |
| Stocks | 30/36 | €137,763 | €143,518 | +€5,755 | +4.2% |
| Amounts receivable within one year | 40/41 | €72,661 | €48,022 | -€24,638 | -33.9% |
| Trade receivables | 40 | €55,403 | €25,064 | -€30,339 | -54.8% |
| Other amounts receivable | 41 | €17,258 | €22,959 | +€5,701 | +33.0% |
| Cash at bank and in hand | 54/58 | €130,180 | €250,827 | +€120,647 | +92.7% |
| Deferred charges and accrued income | 490/1 | €8,810 | €9,423 | +€613 | +7.0% |
| Total equity and liabilities | 10/49 | €1,298,307 | €1,335,623 | +€37,315 | +2.9% |
| Equity | 10/15 | €381,277 | €483,812 | +€102,535 | +26.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €316,210 | €418,710 | +€102,500 | +32.4% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €304,210 | €406,710 | +€102,500 | +33.7% |
| Profit (loss) carried forward | 14 | €45,067 | €45,102 | +€35 | +0.1% |
| Amounts payable | 17/49 | €917,031 | €851,811 | -€65,220 | -7.1% |
| Amounts payable after more than one year | 17 | €742,141 | €670,937 | -€71,204 | -9.6% |
| Financial debts | 170/4 | €742,141 | €670,937 | -€71,204 | -9.6% |
| Amounts payable within one year | 42/48 | €174,890 | €180,874 | +€5,984 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €77,519 | €74,227 | -€3,292 | -4.2% |
| Trade debts | 44 | €59,131 | €49,460 | -€9,672 | -16.4% |
| Suppliers | 440/4 | €59,131 | €49,460 | -€9,672 | -16.4% |
| Taxes, remuneration and social security | 45 | €38,239 | €57,187 | +€18,948 | +49.6% |
| Taxes | 450/3 | €35,666 | €54,952 | +€19,286 | +54.1% |
| Remuneration and social security | 454/9 | €2,573 | €2,235 | -€338 | -13.1% |
| Remuneration, social security and pensions | 62 | €15,978 | €15,910 | -€68 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,300 | €70,569 | -€16,731 | -19.2% |
| Other operating charges | 640/8 | €7,456 | €5,429 | -€2,026 | -27.2% |
| Gross operating margin | 9900 | €214,005 | €268,653 | +€54,649 | +25.5% |
| Operating profit (loss) | 9901 | €103,271 | €176,745 | +€73,474 | +71.1% |
| Financial income | 75/76B | €406 | €3 | -€402 | -99.2% |
| Recurring financial income | 75 | €406 | €3 | -€402 | -99.2% |
| Financial charges | 65/66B | €19,313 | €28,590 | +€9,277 | +48.0% |
| Recurring financial charges | 65 | €19,313 | €28,590 | +€9,277 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €84,363 | €148,158 | +€63,795 | +75.6% |
| Income taxes | 67/77 | €24,300 | €45,623 | +€21,323 | +87.7% |
| Profit (loss) for the period | 9904 | €60,063 | €102,535 | +€42,472 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,063 | €102,535 | +€42,472 | +70.7% |
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 15 October 2026 via checked.be.