Edouard FRANCK: 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.
Edouard FRANCK
Largest movements
- Cash +€9,560
up €9,560 (+227.3%), from €4,205 to €13,765
mainly Net result for the year (+€65,492) and Other debts (+€5,671)
- Tangible fixed assets -€1,071
down €1,071 (-37.6%), from €2,851 to €1,780
of which Other tangible fixed assets: -€847
- Other debts +€5,671
new in 2025: €5,671
- Tax, wage and social debts +€2,152
up €2,152 (+34.8%), from €6,180 to €8,332
- Trade debts +€824
new in 2025: €824
- Profit (loss) carried forward -€180
no longer reported in 2025 (was €180)
- Gross operating margin -€5,362
down €5,362 (-6.0%), from €89,640 to €84,278
- Taxes -€963
down €963 (-5.3%), from €18,096 to €17,133
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 | €9,360 | €17,827 | +€8,467 | +90.5% |
| Fixed assets | 21/28 | €2,851 | €1,780 | -€1,071 | -37.6% |
| Tangible fixed assets | 22/27 | €2,851 | €1,780 | -€1,071 | -37.6% |
| Plant, machinery and equipment | 23 | €454 | €230 | -€224 | -49.3% |
| Other tangible fixed assets | 26 | €2,397 | €1,550 | -€847 | -35.3% |
| Current assets | 29/58 | €6,509 | €16,047 | +€9,538 | +146.5% |
| Amounts receivable within one year | 40/41 | €1,416 | €1,416 | = | 0.0% |
| Other amounts receivable | 41 | €1,416 | €1,416 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,205 | €13,765 | +€9,560 | +227.3% |
| Deferred charges and accrued income | 490/1 | €888 | €866 | -€22 | -2.5% |
| Total equity and liabilities | 10/49 | €9,360 | €17,827 | +€8,467 | +90.5% |
| Equity | 10/15 | €3,180 | €3,000 | -€180 | -5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180 | - | -€180 | |
| Amounts payable | 17/49 | €6,180 | €14,827 | +€8,647 | +139.9% |
| Amounts payable within one year | 42/48 | €6,180 | €14,827 | +€8,647 | +139.9% |
| Trade debts | 44 | - | €824 | +€824 | |
| Suppliers | 440/4 | - | €824 | +€824 | |
| Taxes, remuneration and social security | 45 | €6,180 | €8,332 | +€2,152 | +34.8% |
| Taxes | 450/3 | €6,180 | €8,332 | +€2,152 | +34.8% |
| Other amounts payable | 47/48 | - | €5,671 | +€5,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €992 | €1,071 | +€79 | +8.0% |
| Other operating charges | 640/8 | €563 | €582 | +€19 | +3.4% |
| Gross operating margin | 9900 | €89,640 | €84,278 | -€5,362 | -6.0% |
| Operating profit (loss) | 9901 | €88,085 | €82,625 | -€5,460 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €88,085 | €82,625 | -€5,460 | -6.2% |
| Income taxes | 67/77 | €18,096 | €17,133 | -€963 | -5.3% |
| Profit (loss) for the period | 9904 | €69,989 | €65,492 | -€4,497 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,989 | €65,492 | -€4,497 | -6.4% |
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 8 October 2026 via checked.be.