FRANCE: 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.
FRANCE
Largest movements
- Tangible fixed assets +€246,405
up €246,405 (+47.5%), from €518,215 to €764,619
of which Land and buildings: +€271,294
- Receivables within one year -€110,668
down €110,668 (-97.1%), from €114,015 to €3,346
of which Trade receivables: -€84,043
- Cash +€30,417
up €30,417 (+166%), from €18,349 to €48,766
mainly Debts after one year (+€173,544) and Receivables within one year (+€110,668)
- Debts after one year +€173,544
up €173,544 (+52.7%), from €329,329 to €502,873
- Trade debts -€19,025
down €19,025 (-81.0%), from €23,481 to €4,456
- Current portion of long-term debt +€13,072
up €13,072 (+41.1%), from €31,812 to €44,884
- Gross operating margin +€67,061
up €67,061 (+47.9%), from €139,974 to €207,035
- Depreciation +€39,719
up €39,719 (+137%), from €29,032 to €68,751
- Financial charges -€8,097
down €8,097 (-37.6%), from €21,544 to €13,448
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 | €651,017 | €817,187 | +€166,170 | +25.5% |
| Fixed assets | 21/28 | €518,215 | €764,619 | +€246,405 | +47.5% |
| Tangible fixed assets | 22/27 | €518,215 | €764,619 | +€246,405 | +47.5% |
| Land and buildings | 22 | €368,864 | €640,158 | +€271,294 | +73.5% |
| Furniture and vehicles | 24 | €13,260 | €4,480 | -€8,779 | -66.2% |
| Other tangible fixed assets | 26 | €136,091 | €119,981 | -€16,110 | -11.8% |
| Current assets | 29/58 | €132,803 | €52,568 | -€80,235 | -60.4% |
| Amounts receivable within one year | 40/41 | €114,015 | €3,346 | -€110,668 | -97.1% |
| Trade receivables | 40 | €87,389 | €3,346 | -€84,043 | -96.2% |
| Other amounts receivable | 41 | €26,625 | - | -€26,625 | |
| Cash at bank and in hand | 54/58 | €18,349 | €48,766 | +€30,417 | +166% |
| Deferred charges and accrued income | 490/1 | €439 | €456 | +€16 | +3.7% |
| Total equity and liabilities | 10/49 | €651,017 | €817,187 | +€166,170 | +25.5% |
| Equity | 10/15 | €218,628 | €218,628 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,281 | €58,281 | = | 0.0% |
| Distributable reserves | 133 | €58,281 | €58,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,348 | €150,348 | = | 0.0% |
| Amounts payable | 17/49 | €432,389 | €598,559 | +€166,170 | +38.4% |
| Amounts payable after more than one year | 17 | €329,329 | €502,873 | +€173,544 | +52.7% |
| Financial debts | 170/4 | €329,329 | €502,873 | +€173,544 | +52.7% |
| Amounts payable within one year | 42/48 | €103,060 | €94,586 | -€8,474 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €31,812 | €44,884 | +€13,072 | +41.1% |
| Trade debts | 44 | €23,481 | €4,456 | -€19,025 | -81.0% |
| Suppliers | 440/4 | €23,481 | €4,456 | -€19,025 | -81.0% |
| Taxes, remuneration and social security | 45 | €37,425 | €39,259 | +€1,834 | +4.9% |
| Taxes | 450/3 | €36,425 | €38,259 | +€1,834 | +5.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,342 | €5,987 | -€4,355 | -42.1% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,032 | €68,751 | +€39,719 | +137% |
| Other operating charges | 640/8 | €1,132 | €1,177 | +€45 | +4.0% |
| Gross operating margin | 9900 | €139,974 | €207,035 | +€67,061 | +47.9% |
| Operating profit (loss) | 9901 | €109,810 | €137,107 | +€27,297 | +24.9% |
| Financial income | 75/76B | €795 | €2,410 | +€1,615 | +203% |
| Recurring financial income | 75 | €795 | €2,410 | +€1,615 | +203% |
| Financial charges | 65/66B | €21,544 | €13,448 | -€8,097 | -37.6% |
| Recurring financial charges | 65 | €21,544 | €13,448 | -€8,097 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €89,061 | €126,069 | +€37,009 | +41.6% |
| Income taxes | 67/77 | €30,780 | €32,499 | +€1,719 | +5.6% |
| Profit (loss) for the period | 9904 | €58,281 | €93,570 | +€35,289 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,281 | €93,570 | +€35,289 | +60.6% |
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 24 October 2026 via checked.be.