BERNARD FRANCIS: 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.
BERNARD FRANCIS
Largest movements
- Receivables within one year +€10,781
up €10,781 (+27.4%), from €39,369 to €50,149
of which Trade receivables: +€8,555
- Cash +€8,879
up €8,879 (+17.7%), from €50,263 to €59,143
mainly Net result for the year (+€34,909) and Trade debts (+€2,186)
- Deferred charges and accrued income +€5,783
up €5,783 (+3,295%), from €175 to €5,958
- Reserves +€35,359
up €35,359 (+72.7%), from €48,631 to €83,990
of which Distributable reserves: +€33,499
- Other debts -€9,513
down €9,513 (-88.0%), from €10,815 to €1,302
- Tax, wage and social debts -€2,817
down €2,817 (-26.5%), from €10,631 to €7,814
of which Taxes: -€10,112
- Trade debts +€2,186
up €2,186 (+39.4%), from €5,547 to €7,734
- Gross operating margin +€25,559
up €25,559 (+47.3%), from €53,993 to €79,552
- Taxes +€4,608
up €4,608 (+83.0%), from €5,550 to €10,158
- Other operating charges -€1,038
down €1,038 (-38.3%), from €2,706 to €1,669
- Staff costs +€1,025
up €1,025 (+3.5%), from €29,414 to €30,439
- Depreciation +€951
up €951 (+99.4%), from €957 to €1,908
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 | €94,674 | €119,440 | +€24,765 | +26.2% |
| Fixed assets | 21/28 | €4,867 | €4,190 | -€677 | -13.9% |
| Tangible fixed assets | 22/27 | €4,867 | €4,190 | -€677 | -13.9% |
| Furniture and vehicles | 24 | €4,867 | €4,190 | -€677 | -13.9% |
| Current assets | 29/58 | €89,807 | €115,250 | +€25,443 | +28.3% |
| Amounts receivable within one year | 40/41 | €39,369 | €50,149 | +€10,781 | +27.4% |
| Trade receivables | 40 | €23,165 | €31,720 | +€8,555 | +36.9% |
| Other amounts receivable | 41 | €16,204 | €18,429 | +€2,225 | +13.7% |
| Cash at bank and in hand | 54/58 | €50,263 | €59,143 | +€8,879 | +17.7% |
| Deferred charges and accrued income | 490/1 | €175 | €5,958 | +€5,783 | +3,295% |
| Total equity and liabilities | 10/49 | €94,674 | €119,440 | +€24,765 | +26.2% |
| Equity | 10/15 | €67,681 | €102,590 | +€34,909 | +51.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,631 | €83,990 | +€35,359 | +72.7% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €48,631 | €82,130 | +€33,499 | +68.9% |
| Profit (loss) carried forward | 14 | €450 | - | -€450 | |
| Amounts payable | 17/49 | €26,993 | €16,849 | -€10,144 | -37.6% |
| Amounts payable within one year | 42/48 | €26,993 | €16,849 | -€10,144 | -37.6% |
| Trade debts | 44 | €5,547 | €7,734 | +€2,186 | +39.4% |
| Suppliers | 440/4 | €5,547 | €7,734 | +€2,186 | +39.4% |
| Taxes, remuneration and social security | 45 | €10,631 | €7,814 | -€2,817 | -26.5% |
| Taxes | 450/3 | €10,631 | €519 | -€10,112 | -95.1% |
| Remuneration and social security | 454/9 | - | €7,295 | +€7,295 | |
| Other amounts payable | 47/48 | €10,815 | €1,302 | -€9,513 | -88.0% |
| Remuneration, social security and pensions | 62 | €29,414 | €30,439 | +€1,025 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €1,908 | +€951 | +99.4% |
| Other operating charges | 640/8 | €2,706 | €1,669 | -€1,038 | -38.3% |
| Gross operating margin | 9900 | €53,993 | €79,552 | +€25,559 | +47.3% |
| Operating profit (loss) | 9901 | €20,916 | €45,537 | +€24,621 | +118% |
| Financial income | 75/76B | €59 | €324 | +€264 | +446% |
| Recurring financial income | 75 | €59 | €324 | +€264 | +446% |
| Financial charges | 65/66B | €789 | €794 | +€5 | +0.6% |
| Recurring financial charges | 65 | €789 | €794 | +€5 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €20,186 | €45,067 | +€24,881 | +123% |
| Income taxes | 67/77 | €5,550 | €10,158 | +€4,608 | +83.0% |
| Profit (loss) for the period | 9904 | €14,636 | €34,909 | +€20,273 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €14,636 | €34,909 | +€20,273 | +139% |
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 16 October 2026 via checked.be.