FRANCESCO: what changed
FRANCESCO
Largest movements
- Receivables within one year +€26,678
up €26,678 (+77.7%), from €34,336 to €61,014
of which Trade receivables: +€22,167
- Tangible fixed assets -€12,718
down €12,718 (-12.0%), from €105,797 to €93,078
of which Plant, machinery and equipment: -€9,714
- Debts after one year -€14,314
down €14,314 (-66.2%), from €21,616 to €7,302
- Profit (loss) carried forward +€12,262
up €12,262, from -€1,531 to €10,731
- Trade debts +€7,529
up €7,529 (+166%), from €4,529 to €12,057
- Other debts +€6,454
up €6,454 (+61.9%), from €10,433 to €16,887
- Tax, wage and social debts +€2,683
up €2,683 (+191%), from €1,404 to €4,087
of which Taxes: +€4,087
- Gross operating margin +€7,182
up €7,182 (+24.7%), from €29,109 to €36,291
- Taxes +€4,087
new in 2025: €4,087
- Staff costs +€645
new in 2025: €645
- Other operating charges -€403
down €403 (-6.8%), from €5,956 to €5,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,813 | €160,328 | +€14,515 | +10.0% |
| Fixed assets | 21/28 | €107,203 | €94,485 | -€12,718 | -11.9% |
| Tangible fixed assets | 22/27 | €105,797 | €93,078 | -€12,718 | -12.0% |
| Land and buildings | 22 | €80,689 | €77,685 | -€3,004 | -3.7% |
| Plant, machinery and equipment | 23 | €25,107 | €15,393 | -€9,714 | -38.7% |
| Financial fixed assets | 28 | €1,407 | €1,407 | = | 0.0% |
| Current assets | 29/58 | €38,610 | €65,843 | +€27,233 | +70.5% |
| Amounts receivable within one year | 40/41 | €34,336 | €61,014 | +€26,678 | +77.7% |
| Trade receivables | 40 | €25,926 | €48,092 | +€22,167 | +85.5% |
| Other amounts receivable | 41 | €8,411 | €12,922 | +€4,511 | +53.6% |
| Cash at bank and in hand | 54/58 | €4,274 | €4,829 | +€555 | +13.0% |
| Total equity and liabilities | 10/49 | €145,813 | €160,328 | +€14,515 | +10.0% |
| Equity | 10/15 | €107,732 | €119,994 | +€12,262 | +11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €90,671 | €90,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,671 | €90,671 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90,671 | €90,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,531 | €10,731 | +€12,262 | |
| Amounts payable | 17/49 | €38,081 | €40,334 | +€2,253 | +5.9% |
| Amounts payable after more than one year | 17 | €21,616 | €7,302 | -€14,314 | -66.2% |
| Financial debts | 170/4 | €21,616 | €7,302 | -€14,314 | -66.2% |
| Amounts payable within one year | 42/48 | €16,465 | €33,031 | +€16,566 | +101% |
| Financial debts | 43 | €99 | - | -€99 | |
| Credit institutions | 430/8 | €99 | - | -€99 | |
| Trade debts | 44 | €4,529 | €12,057 | +€7,529 | +166% |
| Suppliers | 440/4 | €4,529 | €12,057 | +€7,529 | +166% |
| Taxes, remuneration and social security | 45 | €1,404 | €4,087 | +€2,683 | +191% |
| Taxes | 450/3 | - | €4,087 | +€4,087 | |
| Remuneration and social security | 454/9 | €1,404 | - | -€1,404 | |
| Other amounts payable | 47/48 | €10,433 | €16,887 | +€6,454 | +61.9% |
| Remuneration, social security and pensions | 62 | - | €645 | +€645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,718 | €12,718 | = | 0.0% |
| Other operating charges | 640/8 | €5,956 | €5,553 | -€403 | -6.8% |
| Gross operating margin | 9900 | €29,109 | €36,291 | +€7,182 | +24.7% |
| Operating profit (loss) | 9901 | €10,434 | €17,374 | +€6,940 | +66.5% |
| Financial charges | 65/66B | €1,027 | €1,025 | -€2 | -0.2% |
| Recurring financial charges | 65 | €1,027 | €1,025 | -€2 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €9,407 | €16,350 | +€6,943 | +73.8% |
| Income taxes | 67/77 | - | €4,087 | +€4,087 | |
| Profit (loss) for the period | 9904 | €9,407 | €12,262 | +€2,855 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,407 | €12,262 | +€2,855 | +30.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.