FRANCINE: 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.
FRANCINE
Largest movements
- Receivables within one year +€5,750
up €5,750 (+65.3%), from €8,811 to €14,560
of which Other amounts receivable: +€6,264
- Cash +€1,290
up €1,290 (+47.4%), from €2,722 to €4,012
mainly Net result for the year (+€8,670) and Tax, wage and social debts (+€951)
- Tangible fixed assets -€589
down €589 (-22.6%), from €2,605 to €2,016
- Profit (loss) carried forward +€8,670
up €8,670 (+77.1%), from -€11,248 to -€2,578
- Other debts -€2,169
no longer reported in 2025 (was €2,169)
- Trade debts -€1,029
down €1,029 (-51.2%), from €2,011 to €982
- Tax, wage and social debts +€951
up €951 (+78.3%), from €1,215 to €2,166
- Gross operating margin -€3,514
down €3,514 (-21.6%), from €16,235 to €12,721
- Taxes +€517
up €517 (+31.7%), from €1,632 to €2,149
- Depreciation +€251
up €251 (+74.3%), from €338 to €589
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 | €14,598 | €21,021 | +€6,423 | +44.0% |
| Fixed assets | 21/28 | €2,855 | €2,266 | -€589 | -20.6% |
| Tangible fixed assets | 22/27 | €2,605 | €2,016 | -€589 | -22.6% |
| Furniture and vehicles | 24 | €2,605 | €2,016 | -€589 | -22.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €11,743 | €18,755 | +€7,012 | +59.7% |
| Amounts receivable within one year | 40/41 | €8,811 | €14,560 | +€5,750 | +65.3% |
| Trade receivables | 40 | €8,811 | €8,296 | -€514 | -5.8% |
| Other amounts receivable | 41 | - | €6,264 | +€6,264 | |
| Cash at bank and in hand | 54/58 | €2,722 | €4,012 | +€1,290 | +47.4% |
| Deferred charges and accrued income | 490/1 | €210 | €182 | -€27 | -13.0% |
| Total equity and liabilities | 10/49 | €14,598 | €21,021 | +€6,423 | +44.0% |
| Equity | 10/15 | €9,203 | €17,873 | +€8,670 | +94.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,248 | -€2,578 | +€8,670 | +77.1% |
| Amounts payable | 17/49 | €5,395 | €3,148 | -€2,247 | -41.6% |
| Amounts payable within one year | 42/48 | €5,395 | €3,148 | -€2,247 | -41.6% |
| Trade debts | 44 | €2,011 | €982 | -€1,029 | -51.2% |
| Suppliers | 440/4 | €2,011 | €982 | -€1,029 | -51.2% |
| Taxes, remuneration and social security | 45 | €1,215 | €2,166 | +€951 | +78.3% |
| Taxes | 450/3 | €1,215 | €2,166 | +€951 | +78.3% |
| Other amounts payable | 47/48 | €2,169 | - | -€2,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €589 | +€251 | +74.3% |
| Other operating charges | 640/8 | €1,343 | €1,224 | -€119 | -8.9% |
| Gross operating margin | 9900 | €16,235 | €12,721 | -€3,514 | -21.6% |
| Operating profit (loss) | 9901 | €14,554 | €10,908 | -€3,646 | -25.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | +27,900% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +27,900% |
| Financial charges | 65/66B | €128 | €92 | -€36 | -27.9% |
| Recurring financial charges | 65 | €128 | €92 | -€36 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €14,426 | €10,819 | -€3,608 | -25.0% |
| Income taxes | 67/77 | €1,632 | €2,149 | +€517 | +31.7% |
| Profit (loss) for the period | 9904 | €12,795 | €8,670 | -€4,125 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,795 | €8,670 | -€4,125 | -32.2% |
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.