FRANCIS POINT: 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.
FRANCIS POINT
Largest movements
- Tangible fixed assets -€16,299
down €16,299 (-19.7%), from €82,862 to €66,563
- Cash -€6,658
down €6,658 (-83.5%), from €7,969 to €1,311
mainly Net result for the year (-€21,139) and Receivables within one year (-€5,424)
- Receivables within one year +€5,424
up €5,424 (+9.2%), from €58,873 to €64,297
- Profit (loss) carried forward -€21,139
down €21,139 (-16.3%), from -€130,075 to -€151,214
- Debts within one year +€3,682
up €3,682 (+8.4%), from €43,950 to €47,632
- Turnover -€222,119
down €222,119 (-93.2%), from €238,315 to €16,196
- Gross operating margin -€77,112
down €77,112 (-95.0%), from €81,199 to €4,087
From the 2018 result to the 2019 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 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,075 | €139,618 | -€17,457 | -11.1% |
| Fixed assets | 21/28 | €90,233 | €74,010 | -€16,223 | -18.0% |
| Tangible fixed assets | 22/27 | €82,862 | €66,563 | -€16,299 | -19.7% |
| Financial fixed assets | 28 | €7,371 | €7,447 | +€76 | +1.0% |
| Current assets | 29/58 | €66,842 | €65,608 | -€1,234 | -1.8% |
| Amounts receivable within one year | 40/41 | €58,873 | €64,297 | +€5,424 | +9.2% |
| Cash at bank and in hand | 54/58 | €7,969 | €1,311 | -€6,658 | -83.5% |
| Total equity and liabilities | 10/49 | €157,075 | €139,618 | -€17,457 | -11.1% |
| Equity | 10/15 | €113,125 | €91,986 | -€21,139 | -18.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €212,213 | €212,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,075 | -€151,214 | -€21,139 | -16.3% |
| Amounts payable | 17/49 | €43,950 | €47,632 | +€3,682 | +8.4% |
| Amounts payable within one year | 42/48 | €43,950 | €47,632 | +€3,682 | +8.4% |
| Trade debts | 44 | €5,420 | €5,755 | +€335 | +6.2% |
| Turnover | 70 | €238,315 | €16,196 | -€222,119 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,299 | €16,299 | = | 0.0% |
| Gross operating margin | 9900 | €81,199 | €4,087 | -€77,112 | -95.0% |
| Operating profit (loss) | 9901 | -€56,883 | -€13,185 | +€43,698 | +76.8% |
| Recurring financial income | 75 | €20,217 | - | -€20,217 | |
| Recurring financial charges | 65 | €45,422 | €7,954 | -€37,468 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€82,088 | -€21,139 | +€60,949 | +74.2% |
| Profit (loss) for the period | 9904 | -€82,088 | -€21,139 | +€60,949 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,714 | -€21,139 | +€46,575 | +68.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.