Danny Francet: 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.
Danny Francet
Largest movements
- Cash +€70,941
up €70,941 (+58.6%), from €121,031 to €191,972
mainly Net result for the year (+€50,327) and Tax, wage and social debts (+€18,285)
- Receivables within one year +€3,131
new in 2025: €3,131
of which Other amounts receivable: +€2,061
- Reserves +€50,327
up €50,327 (+54.4%), from €92,504 to €142,831
- Tax, wage and social debts +€18,285
up €18,285 (+75.7%), from €24,169 to €42,454
- Trade debts +€4,426
new in 2025: €4,426
- Gross operating margin -€47,394
down €47,394 (-40.5%), from €117,060 to €69,666
- Taxes -€5,902
down €5,902 (-24.4%), from €24,169 to €18,266
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 | €121,031 | €196,102 | +€75,071 | +62.0% |
| Current assets | 29/58 | €121,031 | €196,102 | +€75,071 | +62.0% |
| Amounts receivable within one year | 40/41 | - | €3,131 | +€3,131 | |
| Trade receivables | 40 | - | €1,069 | +€1,069 | |
| Other amounts receivable | 41 | - | €2,061 | +€2,061 | |
| Cash at bank and in hand | 54/58 | €121,031 | €191,972 | +€70,941 | +58.6% |
| Deferred charges and accrued income | 490/1 | - | €999 | +€999 | |
| Total equity and liabilities | 10/49 | €121,031 | €196,102 | +€75,071 | +62.0% |
| Equity | 10/15 | €95,504 | €145,831 | +€50,327 | +52.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,504 | €142,831 | +€50,327 | +54.4% |
| Distributable reserves | 133 | €92,504 | €142,831 | +€50,327 | +54.4% |
| Amounts payable | 17/49 | €25,527 | €50,271 | +€24,744 | +96.9% |
| Amounts payable within one year | 42/48 | €25,527 | €49,711 | +€24,184 | +94.7% |
| Trade debts | 44 | - | €4,426 | +€4,426 | |
| Suppliers | 440/4 | - | €4,426 | +€4,426 | |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €24,169 | €42,454 | +€18,285 | +75.7% |
| Taxes | 450/3 | €24,169 | €42,454 | +€18,285 | +75.7% |
| Other amounts payable | 47/48 | €1,359 | €2,631 | +€1,272 | +93.7% |
| Accrued charges and deferred income | 492/3 | - | €560 | +€560 | |
| Other operating charges | 640/8 | €387 | €991 | +€603 | +156% |
| Gross operating margin | 9900 | €117,060 | €69,666 | -€47,394 | -40.5% |
| Operating profit (loss) | 9901 | €116,673 | €68,675 | -€47,997 | -41.1% |
| Financial charges | 65/66B | - | €82 | +€82 | |
| Recurring financial charges | 65 | - | €82 | +€82 | |
| Profit (loss) for the period before taxes | 9903 | €116,673 | €68,594 | -€48,079 | -41.2% |
| Income taxes | 67/77 | €24,169 | €18,266 | -€5,902 | -24.4% |
| Profit (loss) for the period | 9904 | €92,504 | €50,327 | -€42,177 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,504 | €50,327 | -€42,177 | -45.6% |
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 20 October 2026 via checked.be.