FRANCENNE B.: 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.
FRANCENNE B.
Largest movements
- Current investments -€800,954
down €800,954 (-100%), from €800,954 to €0
- Cash +€664,008
up €664,008 (+194%), from €341,899 to €1.0m
mainly Current investments (+€800,954) and Net result for the year (+€390,246)
- Receivables within one year +€201,143
up €201,143 (+68.9%), from €291,826 to €492,970
of which Trade receivables: +€192,435
- Reserves +€140,246
up €140,246 (+5.5%), from €2.5m to €2.7m
of which Distributable reserves: +€140,246
- Trade debts -€88,107
down €88,107 (-82.9%), from €106,295 to €18,187
- Gross operating margin +€97,544
up €97,544 (+12.3%), from €790,486 to €888,031
- Staff costs +€23,689
up €23,689 (+8.7%), from €272,078 to €295,768
- Taxes +€15,597
up €15,597 (+32.2%), from €48,374 to €63,971
- Depreciation +€15,174
up €15,174 (+24.8%), from €61,273 to €76,447
- Financial income -€13,575
down €13,575 (-66.5%), from €20,420 to €6,845
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 | €3,302,122 | €3,366,373 | +€64,251 | +1.9% |
| Fixed assets | 21/28 | €1,191,669 | €1,161,481 | -€30,189 | -2.5% |
| Tangible fixed assets | 22/27 | €1,191,009 | €1,160,821 | -€30,189 | -2.5% |
| Land and buildings | 22 | €1,053,787 | €1,026,495 | -€27,293 | -2.6% |
| Plant, machinery and equipment | 23 | €14,385 | €6,178 | -€8,207 | -57.1% |
| Furniture and vehicles | 24 | €122,837 | €128,148 | +€5,311 | +4.3% |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €2,110,452 | €2,204,892 | +€94,440 | +4.5% |
| Stocks and contracts in progress | 3 | €675,773 | €705,519 | +€29,747 | +4.4% |
| Stocks | 30/36 | €675,773 | €705,519 | +€29,747 | +4.4% |
| Amounts receivable within one year | 40/41 | €291,826 | €492,970 | +€201,143 | +68.9% |
| Trade receivables | 40 | €239,567 | €432,003 | +€192,435 | +80.3% |
| Other amounts receivable | 41 | €52,259 | €60,967 | +€8,708 | +16.7% |
| Current investments | 50/53 | €800,954 | €0 | -€800,954 | -100% |
| Cash at bank and in hand | 54/58 | €341,899 | €1,005,907 | +€664,008 | +194% |
| Deferred charges and accrued income | 490/1 | - | €496 | +€496 | |
| Total equity and liabilities | 10/49 | €3,302,122 | €3,366,373 | +€64,251 | +1.9% |
| Equity | 10/15 | €2,570,340 | €2,710,585 | +€140,246 | +5.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,545,340 | €2,685,585 | +€140,246 | +5.5% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €2,489,090 | €2,629,335 | +€140,246 | +5.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €731,782 | €655,787 | -€75,995 | -10.4% |
| Amounts payable within one year | 42/48 | €731,782 | €655,787 | -€75,995 | -10.4% |
| Trade debts | 44 | €106,295 | €18,187 | -€88,107 | -82.9% |
| Suppliers | 440/4 | €106,295 | €18,187 | -€88,107 | -82.9% |
| Taxes, remuneration and social security | 45 | €149,479 | €127,992 | -€21,487 | -14.4% |
| Taxes | 450/3 | €102,841 | €80,394 | -€22,448 | -21.8% |
| Remuneration and social security | 454/9 | €46,638 | €47,598 | +€960 | +2.1% |
| Other amounts payable | 47/48 | €476,008 | €509,608 | +€33,600 | +7.1% |
| Remuneration, social security and pensions | 62 | €272,078 | €295,768 | +€23,689 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,273 | €76,447 | +€15,174 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,525 | €6,458 | -€2,067 | -24.2% |
| Other operating charges | 640/8 | €47,708 | €43,960 | -€3,747 | -7.9% |
| Non-recurring operating charges | 66A | €2 | €0 | -€2 | -100% |
| Gross operating margin | 9900 | €790,486 | €888,031 | +€97,544 | +12.3% |
| Operating profit (loss) | 9901 | €400,901 | €465,399 | +€64,498 | +16.1% |
| Financial income | 75/76B | €20,420 | €6,845 | -€13,575 | -66.5% |
| Recurring financial income | 75 | €20,420 | €6,845 | -€13,575 | -66.5% |
| Financial charges | 65/66B | €22,483 | €18,027 | -€4,456 | -19.8% |
| Recurring financial charges | 65 | €22,483 | €18,027 | -€4,456 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €398,838 | €454,217 | +€55,379 | +13.9% |
| Income taxes | 67/77 | €48,374 | €63,971 | +€15,597 | +32.2% |
| Profit (loss) for the period | 9904 | €350,464 | €390,246 | +€39,782 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €350,464 | €390,246 | +€39,782 | +11.4% |
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 23 October 2026 via checked.be.