Françis-J: 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.
Françis-J
Largest movements
- Financial fixed assets -€598,089
down €598,089 (-100%), from €598,089 to €0
- Cash -€16,762
down €16,762 (-80.1%), from €20,915 to €4,153
mainly Net result for the year (-€566,860) and Debts after one year (-€54,990)
- Receivables within one year +€11,471
up €11,471 (+49.3%), from €23,291 to €34,762
of which Other amounts receivable: +€17,521
- Reserves -€359,180
down €359,180 (-100%), from €359,180 to €0
- Profit (loss) carried forward -€207,680
down €207,680, from €0 to -€207,680
- Debts after one year -€54,990
down €54,990 (-33.3%), from €164,913 to €109,923
- Accrued charges and deferred income +€15,677
up €15,677 (+349%), from €4,487 to €20,164
- Trade debts +€11,168
up €11,168, from €0 to €11,168
- Financial charges +€622,474
up €622,474 (+9,052%), from €6,877 to €629,351
- Gross operating margin -€36,157
down €36,157 (-36.0%), from €100,362 to €64,205
- Taxes -€26,997
down €26,997 (-100%), from €26,997 to €0
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 | €644,334 | €39,640 | -€604,694 | -93.8% |
| Fixed assets | 21/28 | €600,128 | €726 | -€599,403 | -99.9% |
| Tangible fixed assets | 22/27 | €2,040 | €726 | -€1,314 | -64.4% |
| Furniture and vehicles | 24 | €2,040 | €726 | -€1,314 | -64.4% |
| Financial fixed assets | 28 | €598,089 | €0 | -€598,089 | -100% |
| Current assets | 29/58 | €44,206 | €38,915 | -€5,291 | -12.0% |
| Amounts receivable within one year | 40/41 | €23,291 | €34,762 | +€11,471 | +49.3% |
| Trade receivables | 40 | €18,150 | €12,100 | -€6,050 | -33.3% |
| Other amounts receivable | 41 | €5,141 | €22,662 | +€17,521 | +341% |
| Cash at bank and in hand | 54/58 | €20,915 | €4,153 | -€16,762 | -80.1% |
| Total equity and liabilities | 10/49 | €644,334 | €39,640 | -€604,694 | -93.8% |
| Equity | 10/15 | €369,180 | -€197,680 | -€566,860 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €359,180 | €0 | -€359,180 | -100% |
| Distributable reserves | 133 | €359,180 | €0 | -€359,180 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€207,680 | -€207,680 | |
| Amounts payable | 17/49 | €275,154 | €237,320 | -€37,834 | -13.8% |
| Amounts payable after more than one year | 17 | €164,913 | €109,923 | -€54,990 | -33.3% |
| Financial debts | 170/4 | €164,913 | €109,923 | -€54,990 | -33.3% |
| Amounts payable within one year | 42/48 | €105,753 | €107,233 | +€1,479 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €58,637 | €59,535 | +€898 | +1.5% |
| Trade debts | 44 | €0 | €11,168 | +€11,168 | |
| Suppliers | 440/4 | €0 | €11,168 | +€11,168 | |
| Taxes, remuneration and social security | 45 | €18,968 | €14,437 | -€4,532 | -23.9% |
| Taxes | 450/3 | €18,968 | €14,437 | -€4,532 | -23.9% |
| Other amounts payable | 47/48 | €28,148 | €22,093 | -€6,055 | -21.5% |
| Accrued charges and deferred income | 492/3 | €4,487 | €20,164 | +€15,677 | +349% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €1,314 | = | 0.0% |
| Other operating charges | 640/8 | €728 | €400 | -€329 | -45.1% |
| Gross operating margin | 9900 | €100,362 | €64,205 | -€36,157 | -36.0% |
| Operating profit (loss) | 9901 | €98,320 | €62,491 | -€35,829 | -36.4% |
| Financial charges | 65/66B | €6,877 | €629,351 | +€622,474 | +9,052% |
| Recurring financial charges | 65 | €6,877 | €629,351 | +€622,474 | +9,052% |
| Profit (loss) for the period before taxes | 9903 | €91,443 | -€566,860 | -€658,303 | |
| Income taxes | 67/77 | €26,997 | €0 | -€26,997 | -100% |
| Profit (loss) for the period | 9904 | €64,446 | -€566,860 | -€631,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,446 | -€566,860 | -€631,305 |
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 22 October 2026 via checked.be.