COURSIER FRANS: what changed
Two fiscal 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.
COURSIER FRANS
Largest movements
- Receivables within one year -€11,256
down €11,256 (-24.9%), from €45,220 to €33,965
- Cash +€3,659
up €3,659 (+30.2%), from €12,110 to €15,769
mainly Receivables within one year (+€11,256) and Deferred charges and accrued income (+€1,058)
- Deferred charges and accrued income -€1,058
down €1,058 (-32.5%), from €3,258 to €2,199
- Tangible fixed assets -€626
no longer reported in 2025 (was €626)
- Profit (loss) carried forward -€5,809
down €5,809 (-220.1%), from -€2,639 to -€8,448
- Tax, wage and social debts -€3,183
no longer reported in 2025 (was €3,183)
- Gross operating margin +€1,704
up €1,704 (+29.6%), from -€5,766 to -€4,061
- Financial charges +€993
up €993 (+767.9%), from €129 to €1,122
- Depreciation -€657
down €657 (-51.2%), from €1,283 to €626
- Financial income -€589
no longer reported in 2025 (was €589)
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.
Cash bridge derived
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 | €61,213 | €51,933 | -€9,280 | -15.2% |
| Fixed assets | 21/28 | €626 | - | -€626 | |
| Tangible fixed assets | 22/27 | €626 | - | -€626 | |
| Furniture and vehicles | 24 | €626 | - | -€626 | |
| Current assets | 29/58 | €60,588 | €51,933 | -€8,655 | -14.3% |
| Amounts receivable within one year | 40/41 | €45,220 | €33,965 | -€11,256 | -24.9% |
| Other amounts receivable | 41 | €45,220 | €33,965 | -€11,256 | -24.9% |
| Cash at bank and in hand | 54/58 | €12,110 | €15,769 | +€3,659 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,258 | €2,199 | -€1,058 | -32.5% |
| Total equity and liabilities | 10/49 | €61,213 | €51,933 | -€9,280 | -15.2% |
| Equity | 10/15 | €57,590 | €51,780 | -€5,809 | -10.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,637 | €41,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €39,778 | €41,637 | +€1,859 | +4.7% |
| Profit (loss) carried forward | 14 | -€2,639 | -€8,448 | -€5,809 | -220.1% |
| Amounts payable | 17/49 | €3,624 | €153 | -€3,471 | -95.8% |
| Amounts payable within one year | 42/48 | €3,183 | €153 | -€3,031 | -95.2% |
| Trade debts | 44 | - | €153 | +€153 | |
| Suppliers | 440/4 | - | €153 | +€153 | |
| Taxes, remuneration and social security | 45 | €3,183 | - | -€3,183 | |
| Taxes | 450/3 | €3,183 | - | -€3,183 | |
| Accrued charges and deferred income | 492/3 | €441 | - | -€441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €626 | -€657 | -51.2% |
| Gross operating margin | 9900 | -€5,766 | -€4,061 | +€1,704 | +29.6% |
| Operating profit (loss) | 9901 | -€7,049 | -€4,687 | +€2,362 | +33.5% |
| Financial income | 75/76B | €589 | - | -€589 | |
| Recurring financial income | 75 | €589 | - | -€589 | |
| Financial charges | 65/66B | €129 | €1,122 | +€993 | +767.9% |
| Recurring financial charges | 65 | €129 | €1,122 | +€993 | +767.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,589 | -€5,809 | +€780 | +11.8% |
| Profit (loss) for the period | 9904 | -€6,589 | -€5,809 | +€780 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,589 | -€5,809 | +€780 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.