Francesco & Julia: 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.
Francesco & Julia
Largest movements
- Tangible fixed assets -€37,249
down €37,249 (-21.9%), from €170,434 to €133,185
of which Furniture and vehicles: -€22,445
- Cash -€10,883
down €10,883 (-44.7%), from €24,370 to €13,487
mainly Advances received (-€30,630) and Trade debts (-€24,630)
- Stocks and contracts +€2,872
up €2,872 (+45.2%), from €6,355 to €9,227
- Receivables within one year -€2,625
down €2,625 (-21.2%), from €12,385 to €9,760
of which Trade receivables: -€2,537
- Profit (loss) carried forward +€54,624
up €54,624 (+31.7%), from -€172,066 to -€117,442
- Advances received -€30,630
down €30,630 (-32.5%), from €94,220 to €63,590
- Trade debts -€24,630
down €24,630 (-62.0%), from €39,709 to €15,079
- Debts after one year -€23,950
down €23,950 (-22.9%), from €104,395 to €80,445
- Other debts -€12,041
down €12,041 (-13.2%), from €91,539 to €79,498
- Financial income +€94,715
up €94,715 (+68,659%), from €138 to €94,853
of which Non-recurring financial income: +€94,569
- Staff costs -€68,051
down €68,051 (-79.6%), from €85,525 to €17,474
- Gross operating margin +€61,011
up €61,011, from -€41,071 to €19,941
- Financial charges -€5,681
down €5,681 (-38.1%), from €14,926 to €9,244
- Depreciation +€3,012
up €3,012 (+12.5%), from €24,171 to €27,183
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 | €231,186 | €182,142 | -€49,044 | -21.2% |
| Fixed assets | 21/28 | €186,844 | €149,195 | -€37,649 | -20.2% |
| Tangible fixed assets | 22/27 | €170,434 | €133,185 | -€37,249 | -21.9% |
| Land and buildings | 22 | €74,258 | €79,651 | +€5,393 | +7.3% |
| Plant, machinery and equipment | 23 | €66,036 | €45,839 | -€20,197 | -30.6% |
| Furniture and vehicles | 24 | €30,140 | €7,695 | -€22,445 | -74.5% |
| Financial fixed assets | 28 | €16,410 | €16,010 | -€400 | -2.4% |
| Current assets | 29/58 | €44,341 | €32,947 | -€11,395 | -25.7% |
| Stocks and contracts in progress | 3 | €6,355 | €9,227 | +€2,872 | +45.2% |
| Stocks | 30/36 | €6,355 | €9,227 | +€2,872 | +45.2% |
| Amounts receivable within one year | 40/41 | €12,385 | €9,760 | -€2,625 | -21.2% |
| Trade receivables | 40 | €9,098 | €6,561 | -€2,537 | -27.9% |
| Other amounts receivable | 41 | €3,287 | €3,199 | -€88 | -2.7% |
| Cash at bank and in hand | 54/58 | €24,370 | €13,487 | -€10,883 | -44.7% |
| Deferred charges and accrued income | 490/1 | €1,232 | €473 | -€759 | -61.6% |
| Total equity and liabilities | 10/49 | €231,186 | €182,142 | -€49,044 | -21.2% |
| Equity | 10/15 | -€126,770 | -€72,146 | +€54,624 | +43.1% |
| Contributions | 10/11 | €8,250 | €8,250 | = | 0.0% |
| Reserves | 13 | €37,046 | €37,046 | = | 0.0% |
| Distributable reserves | 133 | €37,046 | €37,046 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,066 | -€117,442 | +€54,624 | +31.7% |
| Amounts payable | 17/49 | €357,956 | €254,288 | -€103,668 | -29.0% |
| Amounts payable after more than one year | 17 | €104,395 | €80,445 | -€23,950 | -22.9% |
| Financial debts | 170/4 | €104,395 | €80,445 | -€23,950 | -22.9% |
| Amounts payable within one year | 42/48 | €253,561 | €173,843 | -€79,718 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €23,250 | €15,496 | -€7,754 | -33.4% |
| Financial debts | 43 | €3 | €0 | -€3 | -100% |
| Credit institutions | 430/8 | €3 | €0 | -€3 | -100% |
| Trade debts | 44 | €39,709 | €15,079 | -€24,630 | -62.0% |
| Suppliers | 440/4 | €39,709 | €15,079 | -€24,630 | -62.0% |
| Advances received on contracts in progress | 46 | €94,220 | €63,590 | -€30,630 | -32.5% |
| Taxes, remuneration and social security | 45 | €4,840 | €180 | -€4,660 | -96.3% |
| Taxes | 450/3 | €3,675 | €180 | -€3,495 | -95.1% |
| Remuneration and social security | 454/9 | €1,165 | €0 | -€1,165 | -100% |
| Other amounts payable | 47/48 | €91,539 | €79,498 | -€12,041 | -13.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,084 | €0 | -€4,084 | -100% |
| Remuneration, social security and pensions | 62 | €85,525 | €17,474 | -€68,051 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,171 | €27,183 | +€3,012 | +12.5% |
| Other operating charges | 640/8 | €6,332 | €6,062 | -€269 | -4.3% |
| Gross operating margin | 9900 | -€41,071 | €19,941 | +€61,011 | |
| Operating profit (loss) | 9901 | -€157,099 | -€30,778 | +€126,320 | +80.4% |
| Financial income | 75/76B | €138 | €94,853 | +€94,715 | +68,659% |
| Recurring financial income | 75 | €138 | €284 | +€146 | +106% |
| Non-recurring financial income | 76B | - | €94,569 | +€94,569 | |
| Financial charges | 65/66B | €14,926 | €9,244 | -€5,681 | -38.1% |
| Recurring financial charges | 65 | €14,926 | €9,244 | -€5,681 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€171,886 | €54,830 | +€226,717 | |
| Income taxes | 67/77 | €180 | €207 | +€27 | +15.0% |
| Profit (loss) for the period | 9904 | -€172,066 | €54,624 | +€226,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,066 | €54,624 | +€226,690 |
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 29 October 2026 via checked.be.