Francenne: 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.
Francenne
Largest movements
- Tangible fixed assets -€62,147
down €62,147 (-5.2%), from €1.2m to €1.1m
of which Land and buildings: -€33,176
- Debts after one year -€37,270
down €37,270 (-45.7%), from €81,594 to €44,324
- Reserves +€24,294
up €24,294 (+2.6%), from €920,066 to €944,360
of which Distributable reserves: +€26,644
- Current portion of long-term debt -€19,318
down €19,318 (-34.1%), from €56,605 to €37,287
- Tax, wage and social debts -€16,039
down €16,039 (-49.7%), from €32,248 to €16,209
- Gross operating margin -€29,556
down €29,556 (-15.6%), from €189,365 to €159,810
- Other operating charges -€12,170
down €12,170 (-65.8%), from €18,505 to €6,335
- Depreciation +€5,204
up €5,204 (+9.1%), from €56,943 to €62,147
- Financial charges -€3,770
down €3,770 (-34.5%), from €10,913 to €7,143
- Taxes -€2,237
down €2,237 (-17.6%), from €12,724 to €10,487
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 | €1,308,640 | €1,252,333 | -€56,308 | -4.3% |
| Fixed assets | 21/28 | €1,294,664 | €1,231,897 | -€62,766 | -4.8% |
| Intangible fixed assets | 21 | €620 | €0 | -€620 | -100.0% |
| Tangible fixed assets | 22/27 | €1,198,774 | €1,136,627 | -€62,147 | -5.2% |
| Land and buildings | 22 | €1,107,998 | €1,074,822 | -€33,176 | -3.0% |
| Plant, machinery and equipment | 23 | €90,776 | €61,805 | -€28,971 | -31.9% |
| Financial fixed assets | 28 | €95,270 | €95,270 | = | 0.0% |
| Current assets | 29/58 | €13,977 | €20,435 | +€6,459 | +46.2% |
| Amounts receivable within one year | 40/41 | €175 | €5,354 | +€5,179 | +2959.7% |
| Other amounts receivable | 41 | €175 | €5,354 | +€5,179 | +2959.7% |
| Current investments | 50/53 | €477 | - | -€477 | |
| Cash at bank and in hand | 54/58 | €10,308 | €12,001 | +€1,692 | +16.4% |
| Deferred charges and accrued income | 490/1 | €3,017 | €3,080 | +€64 | +2.1% |
| Total equity and liabilities | 10/49 | €1,308,640 | €1,252,333 | -€56,308 | -4.3% |
| Equity | 10/15 | €938,666 | €962,960 | +€24,294 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €920,066 | €944,360 | +€24,294 | +2.6% |
| Tax-exempt reserves | 132 | €79,859 | €77,508 | -€2,351 | -2.9% |
| Distributable reserves | 133 | €840,207 | €866,851 | +€26,644 | +3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €28,242 | €27,032 | -€1,210 | -4.3% |
| Deferred taxes | 168 | €28,242 | €27,032 | -€1,210 | -4.3% |
| Amounts payable | 17/49 | €341,732 | €262,341 | -€79,391 | -23.2% |
| Amounts payable after more than one year | 17 | €81,594 | €44,324 | -€37,270 | -45.7% |
| Financial debts | 170/4 | €81,594 | €44,324 | -€37,270 | -45.7% |
| Amounts payable within one year | 42/48 | €258,311 | €213,933 | -€44,378 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €56,605 | €37,287 | -€19,318 | -34.1% |
| Trade debts | 44 | €229 | €219 | -€10 | -4.5% |
| Suppliers | 440/4 | €229 | €219 | -€10 | -4.5% |
| Taxes, remuneration and social security | 45 | €32,248 | €16,209 | -€16,039 | -49.7% |
| Taxes | 450/3 | €32,248 | €16,209 | -€16,039 | -49.7% |
| Other amounts payable | 47/48 | €169,227 | €160,218 | -€9,010 | -5.3% |
| Accrued charges and deferred income | 492/3 | €1,827 | €4,084 | +€2,256 | +123.5% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,943 | €62,147 | +€5,204 | +9.1% |
| Other operating charges | 640/8 | €18,505 | €6,335 | -€12,170 | -65.8% |
| Non-recurring operating charges | 66A | - | €620 | +€620 | |
| Gross operating margin | 9900 | €189,365 | €159,810 | -€29,556 | -15.6% |
| Operating profit (loss) | 9901 | €113,918 | €90,708 | -€23,210 | -20.4% |
| Financial income | 75/76B | €3 | €5 | +€2 | +81.5% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +81.5% |
| Financial charges | 65/66B | €10,913 | €7,143 | -€3,770 | -34.5% |
| Recurring financial charges | 65 | €10,913 | €7,143 | -€3,770 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €103,008 | €83,570 | -€19,438 | -18.9% |
| Transfer from deferred taxes | 780 | €1,210 | €1,210 | = | 0.0% |
| Income taxes | 67/77 | €12,724 | €10,487 | -€2,237 | -17.6% |
| Profit (loss) for the period | 9904 | €91,494 | €74,294 | -€17,201 | -18.8% |
| Transfer from tax-exempt reserves | 789 | €2,351 | €2,351 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,845 | €76,644 | -€17,201 | -18.3% |
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 5 October 2026 via checked.be.