FRANCHISES 4: what changed
What changed
FRANCHISES 4
filed annual accounts (NBB)
Net result for the year
€8,371
2024 · €9,885-€1,514
Equity
€104,327
2024 · €95,956+€8,371
Cash
€9,949
2024 · €4,754+€5,196
Balance sheet total
€438,760
2024 · €452,955-€14,195
Largest movements
Assets
- Tangible fixed assets -€19,681
down €19,681 (-4.4%), from €445,385 to €425,704
of which Land and buildings: -€17,026
- Cash +€5,196
up €5,196 (+109%), from €4,754 to €9,949
mainly Depreciation (+€19,681) and Net result for the year (+€8,371)
Equity and liabilities
- Debts after one year -€25,321
down €25,321 (-8.6%), from €294,952 to €269,631
- Profit (loss) carried forward +€8,371
up €8,371 (+20.4%), from €40,956 to €49,327
Income statement
- Gross operating margin -€1,568
down €1,568 (-3.5%), from €44,621 to €43,053
- Financial charges -€653
down €653 (-8.7%), from €7,484 to €6,831
- Depreciation +€532
up €532 (+2.8%), from €19,149 to €19,681
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.
Result 2024
€9,885
Gross operating margin
-€1,568
Depreciation
-€532
Other operating charges
-€157
Financial income
+€3
Financial charges
+€653
Taxes
+€89
Result 2025
€8,371
raises the resultlowers the result
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.
From operations
+€30,150
Investment
€0
Financing
-€24,955
Cash 2024
€4,754
From operations (derived)
+€30,150
Net result for the year
+€8,371
Depreciation
+€19,681
Receivables within one year
-€89
Deferred charges and accrued income
-€201
Trade debts
+€505
Other debts
+€2,165
Accrued charges and deferred income
-€282
Financing
-€24,955
Debts after one year
-€25,321
Current portion of long-term debt
+€367
Cash 2025
€9,949
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,955 | €438,760 | -€14,195 | -3.1% |
| Fixed assets | 21/28 | €445,635 | €425,954 | -€19,681 | -4.4% |
| Tangible fixed assets | 22/27 | €445,385 | €425,704 | -€19,681 | -4.4% |
| Land and buildings | 22 | €424,828 | €407,802 | -€17,026 | -4.0% |
| Plant, machinery and equipment | 23 | €20,557 | €17,902 | -€2,655 | -12.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €7,320 | €12,806 | +€5,486 | +75.0% |
| Amounts receivable within one year | 40/41 | €2,122 | €2,211 | +€89 | +4.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,122 | €2,211 | +€89 | +4.2% |
| Cash at bank and in hand | 54/58 | €4,754 | €9,949 | +€5,196 | +109% |
| Deferred charges and accrued income | 490/1 | €445 | €646 | +€201 | +45.3% |
| Total equity and liabilities | 10/49 | €452,955 | €438,760 | -€14,195 | -3.1% |
| Equity | 10/15 | €95,956 | €104,327 | +€8,371 | +8.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,956 | €49,327 | +€8,371 | +20.4% |
| Amounts payable | 17/49 | €356,999 | €334,433 | -€22,566 | -6.3% |
| Amounts payable after more than one year | 17 | €294,952 | €269,631 | -€25,321 | -8.6% |
| Financial debts | 170/4 | €294,952 | €269,631 | -€25,321 | -8.6% |
| Amounts payable within one year | 42/48 | €59,641 | €62,678 | +€3,038 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €24,955 | €25,321 | +€367 | +1.5% |
| Trade debts | 44 | €1,872 | €2,378 | +€505 | +27.0% |
| Suppliers | 440/4 | €1,872 | €2,378 | +€505 | +27.0% |
| Other amounts payable | 47/48 | €32,814 | €34,979 | +€2,165 | +6.6% |
| Accrued charges and deferred income | 492/3 | €2,406 | €2,124 | -€282 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,149 | €19,681 | +€532 | +2.8% |
| Other operating charges | 640/8 | €5,227 | €5,384 | +€157 | +3.0% |
| Gross operating margin | 9900 | €44,621 | €43,053 | -€1,568 | -3.5% |
| Operating profit (loss) | 9901 | €20,245 | €17,988 | -€2,258 | -11.2% |
| Financial income | 75/76B | €3 | €5 | +€3 | +100% |
| Recurring financial income | 75 | €3 | €5 | +€3 | +100% |
| Financial charges | 65/66B | €7,484 | €6,831 | -€653 | -8.7% |
| Recurring financial charges | 65 | €7,484 | €6,831 | -€653 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €12,764 | €11,162 | -€1,602 | -12.6% |
| Income taxes | 67/77 | €2,879 | €2,790 | -€89 | -3.1% |
| Profit (loss) for the period | 9904 | €9,885 | €8,371 | -€1,514 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,885 | €8,371 | -€1,514 | -15.3% |
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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 2 November 2026 via checked.be.