FRANCK RAUSCH MANAGEMENT: 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 RAUSCH MANAGEMENT
Largest movements
- Cash +€10,431
up €10,431 (+50.7%), from €20,561 to €30,992
mainly Net result for the year (+€11,349) and Other debts (+€499)
- Receivables within one year +€1,762
up €1,762 (+28.2%), from €6,259 to €8,021
of which Other amounts receivable: +€1,617
- Profit (loss) carried forward +€11,349
up €11,349 (+53.8%), from €21,094 to €32,443
- Other debts +€499
up €499 (+13.3%), from €3,744 to €4,243
- Gross operating margin -€1,334
down €1,334 (-8.1%), from €16,383 to €15,049
- Taxes -€303
down €303 (-8.2%), from €3,686 to €3,383
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 | €27,746 | €39,664 | +€11,918 | +43.0% |
| Formation expenses | 20 | €926 | €651 | -€275 | -29.7% |
| Current assets | 29/58 | €26,820 | €39,013 | +€12,193 | +45.5% |
| Amounts receivable within one year | 40/41 | €6,259 | €8,021 | +€1,762 | +28.2% |
| Trade receivables | 40 | €5,445 | €5,590 | +€145 | +2.7% |
| Other amounts receivable | 41 | €814 | €2,431 | +€1,617 | +199% |
| Cash at bank and in hand | 54/58 | €20,561 | €30,992 | +€10,431 | +50.7% |
| Total equity and liabilities | 10/49 | €27,746 | €39,664 | +€11,918 | +43.0% |
| Equity | 10/15 | €23,094 | €34,443 | +€11,349 | +49.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,094 | €32,443 | +€11,349 | +53.8% |
| Amounts payable | 17/49 | €4,652 | €5,221 | +€569 | +12.2% |
| Amounts payable within one year | 42/48 | €4,652 | €5,221 | +€569 | +12.2% |
| Trade debts | 44 | €600 | €600 | = | 0.0% |
| Suppliers | 440/4 | €600 | €600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €308 | €378 | +€70 | +22.7% |
| Taxes | 450/3 | €308 | €378 | +€70 | +22.7% |
| Other amounts payable | 47/48 | €3,744 | €4,243 | +€499 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €274 | = | 0.0% |
| Gross operating margin | 9900 | €16,383 | €15,049 | -€1,334 | -8.1% |
| Operating profit (loss) | 9901 | €16,109 | €14,775 | -€1,334 | -8.3% |
| Financial charges | 65/66B | €42 | €43 | +€1 | +2.4% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €16,067 | €14,732 | -€1,335 | -8.3% |
| Income taxes | 67/77 | €3,686 | €3,383 | -€303 | -8.2% |
| Profit (loss) for the period | 9904 | €12,381 | €11,349 | -€1,032 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,381 | €11,349 | -€1,032 | -8.3% |
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.