FraCon: 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.
What changed
FraCon
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€11,523
2023 · €21,102-€9,579
Equity
€317,803
2023 · €306,279+€11,524
Cash
€113,999
2023 · €92,762+€21,237
Balance sheet total
€431,202
2023 · €439,111-€7,909
Largest movements
Assets
- Cash +€21,237
up €21,237 (+22.9%), from €92,762 to €113,999
mainly Receivables within one year (+€16,607) and Depreciation (+€14,206)
- Receivables within one year -€16,607
down €16,607 (-15.0%), from €110,962 to €94,355
of which Other amounts receivable: -€18,981
- Tangible fixed assets -€13,939
down €13,939 (-5.9%), from €234,375 to €220,436
of which Land and buildings: -€9,215
Equity and liabilities
- Debts after one year -€24,672
down €24,672 (-30.7%), from €80,391 to €55,719
of which Financial debts: -€24,672
- Reserves +€11,524
up €11,524 (+5.0%), from €229,879 to €241,403
of which Distributable reserves: +€11,524
- Trade debts +€9,803
up €9,803 (+204%), from €4,799 to €14,602
of which Suppliers: +€9,803
Income statement
- Other operating charges +€27,446
up €27,446 (+13,323%), from €206 to €27,652
- Gross operating margin +€18,895
up €18,895 (+33.5%), from €56,438 to €75,333
- Taxes +€9,136
up €9,136 (+57.1%), from €15,994 to €25,130
- Depreciation -€4,728
down €4,728 (-25.0%), from €18,934 to €14,206
- Financial income +€2,078
up €2,078 (+40.6%), from €5,119 to €7,197
From the 2023 result to the 2024 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.
Result 2023
€21,102
Gross operating margin
+€18,895
Depreciation
+€4,728
Other operating charges
-€27,446
Financial income
+€2,078
Financial charges
+€1,302
Taxes
-€9,136
Result 2024
€11,523
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€49,132
Investment
-€1,667
Financing
-€26,228
Cash 2023
€92,762
From operations (derived)
+€49,132
Net result for the year
+€11,523
Depreciation
+€14,206
Receivables within one year
+€16,607
Trade debts
+€9,803
Tax, wage and social debts
-€3,007
Investment (derived)
-€1,667
Investment in fixed assets (net)
-€267
Current investments
-€1,400
Financing
-€26,228
Debts after one year
-€24,672
Short-term financial debts
-€1,557
Contributions, distributions and other
+€1
Cash 2024
€113,999
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,111 | €431,202 | -€7,909 | -1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €234,388 | €220,449 | -€13,939 | -5.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €234,375 | €220,436 | -€13,939 | -5.9% |
| Land and buildings | 22 | €213,155 | €203,940 | -€9,215 | -4.3% |
| Plant, machinery and equipment | 23 | €1,481 | €1,136 | -€345 | -23.3% |
| Furniture and vehicles | 24 | €19,739 | €15,360 | -€4,379 | -22.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €204,723 | €210,753 | +€6,030 | +2.9% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €110,962 | €94,355 | -€16,607 | -15.0% |
| Trade receivables | 40 | €31,626 | €34,000 | +€2,374 | +7.5% |
| Other amounts receivable | 41 | €79,336 | €60,355 | -€18,981 | -23.9% |
| Current investments | 50/53 | €999 | €2,399 | +€1,400 | +140% |
| Cash at bank and in hand | 54/58 | €92,762 | €113,999 | +€21,237 | +22.9% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €439,111 | €431,202 | -€7,909 | -1.8% |
| Equity | 10/15 | €306,279 | €317,803 | +€11,524 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €0 | = | |
| Share premium | 1100/10 | - | €0 | = | |
| Other | 1109/19 | - | €0 | = | |
| Revaluation surpluses | 12 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €229,879 | €241,403 | +€11,524 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €225,519 | €237,043 | +€11,524 | +5.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €132,832 | €113,399 | -€19,433 | -14.6% |
| Amounts payable after more than one year | 17 | €80,391 | €55,719 | -€24,672 | -30.7% |
| Financial debts | 170/4 | €80,391 | €55,719 | -€24,672 | -30.7% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €52,441 | €57,680 | +€5,239 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €24,602 | €23,045 | -€1,557 | -6.3% |
| Credit institutions | 430/8 | €24,602 | €23,045 | -€1,557 | -6.3% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €4,799 | €14,602 | +€9,803 | +204% |
| Suppliers | 440/4 | €4,799 | €14,602 | +€9,803 | +204% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €23,040 | €20,033 | -€3,007 | -13.1% |
| Taxes | 450/3 | €23,040 | €18,707 | -€4,333 | -18.8% |
| Remuneration and social security | 454/9 | - | €1,326 | +€1,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,934 | €14,206 | -€4,728 | -25.0% |
| Other operating charges | 640/8 | €206 | €27,652 | +€27,446 | +13,323% |
| Gross operating margin | 9900 | €56,438 | €75,333 | +€18,895 | +33.5% |
| Operating profit (loss) | 9901 | €37,298 | €33,475 | -€3,823 | -10.2% |
| Financial income | 75/76B | €5,119 | €7,197 | +€2,078 | +40.6% |
| Recurring financial income | 75 | €5,119 | €7,197 | +€2,078 | +40.6% |
| Financial charges | 65/66B | €5,321 | €4,019 | -€1,302 | -24.5% |
| Recurring financial charges | 65 | €5,321 | €4,019 | -€1,302 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €37,096 | €36,653 | -€443 | -1.2% |
| Income taxes | 67/77 | €15,994 | €25,130 | +€9,136 | +57.1% |
| Profit (loss) for the period | 9904 | €21,102 | €11,523 | -€9,579 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,102 | €11,523 | -€9,579 | -45.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.