FRANCINE 65: 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 65
Largest movements
- Cash +€14,240
up €14,240 (+18.0%), from €79,276 to €93,516
mainly Depreciation (+€8,932) and Net result for the year (+€5,010)
- Tangible fixed assets -€8,932
down €8,932 (-4.4%), from €201,918 to €192,986
- Reserves +€4,500
up €4,500 (+18.4%), from €24,404 to €28,904
No income-statement line moved by more than 1% of the activity.
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 | €281,605 | €286,925 | +€5,319 | +1.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €201,918 | €192,986 | -€8,932 | -4.4% |
| Tangible fixed assets | 22/27 | €201,918 | €192,986 | -€8,932 | -4.4% |
| Land and buildings | 22 | €201,918 | €192,986 | -€8,932 | -4.4% |
| Current assets | 29/58 | €79,688 | €93,939 | +€14,251 | +17.9% |
| Cash at bank and in hand | 54/58 | €79,276 | €93,516 | +€14,240 | +18.0% |
| Deferred charges and accrued income | 490/1 | €412 | €423 | +€10 | +2.5% |
| Total equity and liabilities | 10/49 | €281,605 | €286,925 | +€5,319 | +1.9% |
| Equity | 10/15 | €277,895 | €282,905 | +€5,010 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,404 | €28,904 | +€4,500 | +18.4% |
| Distributable reserves | 133 | €24,404 | €28,904 | +€4,500 | +18.4% |
| Profit (loss) carried forward | 14 | €191,491 | €192,000 | +€510 | +0.3% |
| Amounts payable | 17/49 | €3,711 | €4,020 | +€309 | +8.3% |
| Amounts payable within one year | 42/48 | €3,711 | €4,020 | +€309 | +8.3% |
| Trade debts | 44 | €2,322 | €1,673 | -€649 | -27.9% |
| Suppliers | 440/4 | €2,322 | €1,673 | -€649 | -27.9% |
| Taxes, remuneration and social security | 45 | €1,389 | €2,347 | +€958 | +69.0% |
| Taxes | 450/3 | €1,389 | €2,347 | +€958 | +69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,898 | €8,932 | +€34 | +0.4% |
| Other operating charges | 640/8 | €2,847 | €2,935 | +€88 | +3.1% |
| Gross operating margin | 9900 | €19,189 | €19,103 | -€86 | -0.4% |
| Operating profit (loss) | 9901 | €7,444 | €7,236 | -€208 | -2.8% |
| Financial income | 75/76B | €384 | €278 | -€106 | -27.7% |
| Recurring financial income | 75 | €384 | €278 | -€106 | -27.7% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +7.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €7,759 | €7,440 | -€319 | -4.1% |
| Income taxes | 67/77 | €2,504 | €2,430 | -€74 | -3.0% |
| Profit (loss) for the period | 9904 | €5,255 | €5,010 | -€245 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,255 | €5,010 | -€245 | -4.7% |
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 1 November 2026 via checked.be.