FRANCES: 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.
FRANCES
Largest movements
- Tangible fixed assets -€13,516
down €13,516 (-9.9%), from €136,464 to €122,948
of which Land and buildings: -€9,476
- Cash -€1,993
down €1,993 (-41.9%), from €4,755 to €2,762
mainly Other debts (-€31,523) and Trade debts (-€118)
- Other debts -€31,523
down €31,523 (-32.3%), from €97,727 to €66,204
- Profit (loss) carried forward +€13,400
up €13,400 (+5,952%), from €225 to €13,625
- Gross operating margin +€3,491
up €3,491 (+13.4%), from €25,962 to €29,453
- Taxes +€1,793
up €1,793 (+939%), from €191 to €1,984
- Other operating charges -€384
down €384 (-25.0%), from €1,536 to €1,152
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 | €149,483 | €132,735 | -€16,748 | -11.2% |
| Fixed assets | 21/28 | €136,464 | €122,948 | -€13,516 | -9.9% |
| Tangible fixed assets | 22/27 | €136,464 | €122,948 | -€13,516 | -9.9% |
| Land and buildings | 22 | €122,260 | €112,784 | -€9,476 | -7.8% |
| Plant, machinery and equipment | 23 | €10,170 | €7,475 | -€2,695 | -26.5% |
| Furniture and vehicles | 24 | €4,034 | €2,690 | -€1,345 | -33.3% |
| Current assets | 29/58 | €13,019 | €9,787 | -€3,232 | -24.8% |
| Stocks and contracts in progress | 3 | €7,321 | €6,025 | -€1,296 | -17.7% |
| Stocks | 30/36 | €7,321 | €6,025 | -€1,296 | -17.7% |
| Cash at bank and in hand | 54/58 | €4,755 | €2,762 | -€1,993 | -41.9% |
| Deferred charges and accrued income | 490/1 | €944 | €1,001 | +€57 | +6.0% |
| Total equity and liabilities | 10/49 | €149,483 | €132,735 | -€16,748 | -11.2% |
| Equity | 10/15 | €44,721 | €58,121 | +€13,400 | +30.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,904 | €25,904 | = | 0.0% |
| Distributable reserves | 133 | €25,904 | €25,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225 | €13,625 | +€13,400 | +5,952% |
| Amounts payable | 17/49 | €104,762 | €74,615 | -€30,148 | -28.8% |
| Amounts payable within one year | 42/48 | €104,762 | €74,615 | -€30,148 | -28.8% |
| Trade debts | 44 | €1,508 | €1,389 | -€118 | -7.8% |
| Suppliers | 440/4 | €1,508 | €1,389 | -€118 | -7.8% |
| Taxes, remuneration and social security | 45 | €5,528 | €7,021 | +€1,493 | +27.0% |
| Taxes | 450/3 | €5,528 | €7,021 | +€1,493 | +27.0% |
| Other amounts payable | 47/48 | €97,727 | €66,204 | -€31,523 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,446 | €13,516 | +€70 | +0.5% |
| Other operating charges | 640/8 | €1,536 | €1,152 | -€384 | -25.0% |
| Gross operating margin | 9900 | €25,962 | €29,453 | +€3,491 | +13.4% |
| Operating profit (loss) | 9901 | €10,981 | €14,785 | +€3,805 | +34.6% |
| Financial income | 75/76B | €556 | €680 | +€124 | +22.3% |
| Recurring financial income | 75 | €556 | €680 | +€124 | +22.3% |
| Financial charges | 65/66B | €74 | €82 | +€8 | +10.9% |
| Recurring financial charges | 65 | €74 | €82 | +€8 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €11,463 | €15,384 | +€3,920 | +34.2% |
| Income taxes | 67/77 | €191 | €1,984 | +€1,793 | +939% |
| Profit (loss) for the period | 9904 | €11,272 | €13,400 | +€2,127 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,272 | €13,400 | +€2,127 | +18.9% |
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 14 October 2026 via checked.be.