Franck FRECHES: 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.
Franck FRECHES
Largest movements
- Cash +€26,814
up €26,814 (+97.3%), from €27,544 to €54,358
mainly Depreciation (+€22,372) and Stocks and contracts (+€15,078)
- Tangible fixed assets -€19,590
down €19,590 (-36.6%), from €53,527 to €33,937
of which Furniture and vehicles: -€18,343
- Receivables within one year +€15,305
up €15,305 (+32.2%), from €47,570 to €62,876
of which Other amounts receivable: +€8,534
- Stocks and contracts -€15,078
down €15,078 (-69.0%), from €21,864 to €6,786
of which Stocks: -€15,078
- Profit (loss) carried forward +€9,647
up €9,647 (+9.0%), from €107,021 to €116,668
- Current portion of long-term debt -€8,877
down €8,877 (-100%), from €8,877 to €0
- Tax, wage and social debts +€5,633
up €5,633 (+1,947%), from €289 to €5,922
of which Taxes: +€3,753
- Turnover +€255,447
new in 2025: €255,447
- Purchases and services +€218,178
new in 2025: €218,178
- Gross operating margin +€22,495
up €22,495 (+198%), from €11,343 to €33,838
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 | €152,693 | €161,154 | +€8,461 | +5.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €53,527 | €33,937 | -€19,590 | -36.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €53,527 | €33,937 | -€19,590 | -36.6% |
| Plant, machinery and equipment | 23 | €1,207 | €322 | -€884 | -73.3% |
| Furniture and vehicles | 24 | €51,347 | €33,005 | -€18,343 | -35.7% |
| Other tangible fixed assets | 26 | €973 | €611 | -€362 | -37.2% |
| Current assets | 29/58 | €99,166 | €127,217 | +€28,051 | +28.3% |
| Stocks and contracts in progress | 3 | €21,864 | €6,786 | -€15,078 | -69.0% |
| Stocks | 30/36 | €21,864 | €6,786 | -€15,078 | -69.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,570 | €62,876 | +€15,305 | +32.2% |
| Trade receivables | 40 | €29,786 | €36,557 | +€6,771 | +22.7% |
| Other amounts receivable | 41 | €17,785 | €26,319 | +€8,534 | +48.0% |
| Cash at bank and in hand | 54/58 | €27,544 | €54,358 | +€26,814 | +97.3% |
| Deferred charges and accrued income | 490/1 | €2,188 | €3,197 | +€1,009 | +46.1% |
| Total equity and liabilities | 10/49 | €152,693 | €161,154 | +€8,461 | +5.5% |
| Equity | 10/15 | €127,481 | €137,128 | +€9,647 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,021 | €116,668 | +€9,647 | +9.0% |
| Amounts payable | 17/49 | €25,212 | €24,026 | -€1,186 | -4.7% |
| Amounts payable after more than one year | 17 | €13,421 | €12,966 | -€455 | -3.4% |
| Financial debts | 170/4 | €13,421 | €12,966 | -€455 | -3.4% |
| Amounts payable within one year | 42/48 | €11,791 | €9,935 | -€1,855 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €8,877 | €0 | -€8,877 | -100% |
| Trade debts | 44 | €2,464 | €4,014 | +€1,550 | +62.9% |
| Suppliers | 440/4 | €2,464 | €4,014 | +€1,550 | +62.9% |
| Taxes, remuneration and social security | 45 | €289 | €5,922 | +€5,633 | +1,947% |
| Taxes | 450/3 | €289 | €4,042 | +€3,753 | +1,297% |
| Remuneration and social security | 454/9 | €0 | €1,880 | +€1,880 | |
| Other amounts payable | 47/48 | €160 | €0 | -€160 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,125 | +€1,125 | |
| Turnover | 70 | - | €255,447 | +€255,447 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €218,178 | +€218,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,061 | €22,372 | -€689 | -3.0% |
| Other operating charges | 640/8 | €770 | €645 | -€125 | -16.2% |
| Gross operating margin | 9900 | €11,343 | €33,838 | +€22,495 | +198% |
| Operating profit (loss) | 9901 | -€12,488 | €10,821 | +€23,309 | |
| Financial income | 75/76B | €646 | €800 | +€154 | +23.8% |
| Recurring financial income | 75 | €646 | €800 | +€154 | +23.8% |
| Financial charges | 65/66B | €1,881 | €892 | -€989 | -52.6% |
| Recurring financial charges | 65 | €1,881 | €892 | -€989 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,723 | €10,729 | +€24,452 | |
| Income taxes | 67/77 | €315 | €1,083 | +€767 | +243% |
| Profit (loss) for the period | 9904 | -€14,038 | €9,647 | +€23,685 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,038 | €9,647 | +€23,685 |
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 26 October 2026 via checked.be.