FRANCART J.: 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.
FRANCART J.
Largest movements
- Cash +€60,821
up €60,821 (+42.7%), from €142,546 to €203,366
mainly Net result for the year (+€90,543) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Tangible fixed assets +€38,378
up €38,378 (+58.2%), from €65,913 to €104,290
of which Furniture and vehicles: +€38,880
- Receivables within one year +€20,564
up €20,564 (+22.3%), from €92,142 to €112,706
of which Other amounts receivable: +€19,440
- Deferred charges and accrued income -€15,106
down €15,106 (-25.3%), from €59,592 to €44,486
- Reserves +€51,142
up €51,142 (+12.3%), from €414,972 to €466,114
of which Distributable reserves: +€51,142
- Debts after one year +€35,310
up €35,310 (+160%), from €22,063 to €57,372
- Other debts -€25,935
no longer reported in 2025 (was €25,935)
- Trade debts -€19,707
down €19,707 (-89.6%), from €22,002 to €2,295
- Current portion of long-term debt +€12,778
up €12,778 (+145%), from €8,792 to €21,570
- Gross operating margin -€22,554
down €22,554 (-11.8%), from €191,639 to €169,085
- Depreciation +€13,610
up €13,610 (+94.3%), from €14,431 to €28,042
- Staff costs -€11,462
no longer reported in 2025 (was €11,462)
- Financial income +€4,919
up €4,919 (+1,683%), from €292 to €5,212
- Other operating charges +€4,139
up €4,139 (+212%), from €1,951 to €6,090
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 | €510,192 | €564,849 | +€54,657 | +10.7% |
| Fixed assets | 21/28 | €65,913 | €104,290 | +€38,378 | +58.2% |
| Tangible fixed assets | 22/27 | €65,913 | €104,290 | +€38,378 | +58.2% |
| Plant, machinery and equipment | 23 | €1,016 | €1,453 | +€436 | +42.9% |
| Furniture and vehicles | 24 | €58,153 | €97,034 | +€38,880 | +66.9% |
| Other tangible fixed assets | 26 | €6,743 | €5,804 | -€939 | -13.9% |
| Current assets | 29/58 | €444,279 | €460,558 | +€16,279 | +3.7% |
| Amounts receivable within one year | 40/41 | €92,142 | €112,706 | +€20,564 | +22.3% |
| Trade receivables | 40 | €3,003 | €4,127 | +€1,125 | +37.5% |
| Other amounts receivable | 41 | €89,139 | €108,578 | +€19,440 | +21.8% |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €142,546 | €203,366 | +€60,821 | +42.7% |
| Deferred charges and accrued income | 490/1 | €59,592 | €44,486 | -€15,106 | -25.3% |
| Total equity and liabilities | 10/49 | €510,192 | €564,849 | +€54,657 | +10.7% |
| Equity | 10/15 | €428,421 | €479,564 | +€51,143 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €414,972 | €466,114 | +€51,142 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €413,112 | €464,254 | +€51,142 | +12.4% |
| Profit (loss) carried forward | 14 | €1,049 | €1,050 | +€1 | +0.1% |
| Amounts payable | 17/49 | €81,771 | €85,285 | +€3,514 | +4.3% |
| Amounts payable after more than one year | 17 | €22,063 | €57,372 | +€35,310 | +160% |
| Financial debts | 170/4 | €22,063 | €57,372 | +€35,310 | +160% |
| Amounts payable within one year | 42/48 | €59,708 | €27,913 | -€31,795 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €8,792 | €21,570 | +€12,778 | +145% |
| Trade debts | 44 | €22,002 | €2,295 | -€19,707 | -89.6% |
| Suppliers | 440/4 | €22,002 | €2,295 | -€19,707 | -89.6% |
| Taxes, remuneration and social security | 45 | €2,979 | €4,047 | +€1,068 | +35.8% |
| Taxes | 450/3 | €2,979 | €4,047 | +€1,068 | +35.8% |
| Other amounts payable | 47/48 | €25,935 | - | -€25,935 | |
| Remuneration, social security and pensions | 62 | €11,462 | - | -€11,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,431 | €28,042 | +€13,610 | +94.3% |
| Other operating charges | 640/8 | €1,951 | €6,090 | +€4,139 | +212% |
| Gross operating margin | 9900 | €191,639 | €169,085 | -€22,554 | -11.8% |
| Operating profit (loss) | 9901 | €163,794 | €134,953 | -€28,841 | -17.6% |
| Financial income | 75/76B | €292 | €5,212 | +€4,919 | +1,683% |
| Recurring financial income | 75 | €292 | €5,212 | +€4,919 | +1,683% |
| Financial charges | 65/66B | €2,172 | €3,139 | +€967 | +44.5% |
| Recurring financial charges | 65 | €2,172 | €3,139 | +€967 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €161,914 | €137,026 | -€24,889 | -15.4% |
| Income taxes | 67/77 | €49,172 | €46,483 | -€2,689 | -5.5% |
| Profit (loss) for the period | 9904 | €112,743 | €90,543 | -€22,200 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,743 | €90,543 | -€22,200 | -19.7% |
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 25 October 2026 via checked.be.