FRANCOBEL: 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.
FRANCOBEL
Largest movements
- Receivables within one year -€40,688
down €40,688 (-28.1%), from €144,713 to €104,025
of which Trade receivables: -€43,695
- Deferred charges and accrued income -€1,975
down €1,975 (-24.6%), from €8,041 to €6,066
- Trade debts -€60,125
down €60,125 (-70.7%), from €84,985 to €24,860
- Tax, wage and social debts +€11,258
new in 2025: €11,258
of which Remuneration and social security: +€10,178
- Profit (loss) carried forward +€5,195
up €5,195 (+8.4%), from €61,612 to €66,807
- Staff costs -€75,803
down €75,803 (-14.7%), from €514,417 to €438,614
- Gross operating margin -€41,357
down €41,357 (-8.5%), from €487,629 to €446,272
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 | €172,126 | €128,417 | -€43,709 | -25.4% |
| Fixed assets | 21/28 | €1,593 | €498 | -€1,096 | -68.8% |
| Tangible fixed assets | 22/27 | €1,593 | €498 | -€1,096 | -68.8% |
| Plant, machinery and equipment | 23 | €1,593 | €498 | -€1,096 | -68.8% |
| Current assets | 29/58 | €170,533 | €127,920 | -€42,613 | -25.0% |
| Amounts receivable within one year | 40/41 | €144,713 | €104,025 | -€40,688 | -28.1% |
| Trade receivables | 40 | €43,816 | €121 | -€43,695 | -99.7% |
| Other amounts receivable | 41 | €100,897 | €103,904 | +€3,007 | +3.0% |
| Cash at bank and in hand | 54/58 | €17,778 | €17,829 | +€50 | +0.3% |
| Deferred charges and accrued income | 490/1 | €8,041 | €6,066 | -€1,975 | -24.6% |
| Total equity and liabilities | 10/49 | €172,126 | €128,417 | -€43,709 | -25.4% |
| Equity | 10/15 | €82,072 | €87,267 | +€5,195 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,612 | €66,807 | +€5,195 | +8.4% |
| Amounts payable | 17/49 | €90,054 | €41,150 | -€48,904 | -54.3% |
| Amounts payable within one year | 42/48 | €89,985 | €41,118 | -€48,867 | -54.3% |
| Trade debts | 44 | €84,985 | €24,860 | -€60,125 | -70.7% |
| Suppliers | 440/4 | €84,985 | €24,860 | -€60,125 | -70.7% |
| Taxes, remuneration and social security | 45 | - | €11,258 | +€11,258 | |
| Taxes | 450/3 | - | €1,080 | +€1,080 | |
| Remuneration and social security | 454/9 | - | €10,178 | +€10,178 | |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €69 | €32 | -€37 | -53.6% |
| Remuneration, social security and pensions | 62 | €514,417 | €438,614 | -€75,803 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,125 | €2,381 | -€1,744 | -42.3% |
| Other operating charges | 640/8 | €1,075 | €1,638 | +€564 | +52.4% |
| Gross operating margin | 9900 | €487,629 | €446,272 | -€41,357 | -8.5% |
| Operating profit (loss) | 9901 | -€31,988 | €3,638 | +€35,626 | |
| Financial income | 75/76B | €2,817 | €2,902 | +€85 | +3.0% |
| Recurring financial income | 75 | €2,817 | €2,902 | +€85 | +3.0% |
| Financial charges | 65/66B | €3,026 | €1,008 | -€2,018 | -66.7% |
| Recurring financial charges | 65 | €3,026 | €1,008 | -€2,018 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,198 | €5,531 | +€37,729 | |
| Income taxes | 67/77 | €27 | €336 | +€309 | +1,151% |
| Profit (loss) for the period | 9904 | -€32,224 | €5,195 | +€37,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,224 | €5,195 | +€37,419 |
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 27 October 2026 via checked.be.