FRANCODAK: 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.
FRANCODAK
Largest movements
- Tangible fixed assets -€319,501
down €319,501 (-13.2%), from €2.4m to €2.1m
of which Land and buildings: -€372,008
- Receivables within one year -€109,906
down €109,906 (-58.3%), from €188,609 to €78,703
of which Trade receivables: -€107,603
- Short-term financial debts -€494,953
down €494,953 (-83.8%), from €590,531 to €95,578
of which Credit institutions: -€506,954
- Other debts +€317,892
up €317,892 (+60.2%), from €527,836 to €845,728
- Debts after one year -€243,552
down €243,552 (-25.1%), from €971,376 to €727,824
of which Financial debts: -€243,552
- Trade debts -€110,198
down €110,198 (-45.5%), from €242,399 to €132,201
- Reserves +€67,605
up €67,605 (+33.8%), from €200,147 to €267,752
- Gross operating margin +€147,997
up €147,997 (+143%), from €103,751 to €251,749
- Taxes +€17,548
up €17,548 (+186%), from €9,454 to €27,002
- Depreciation +€12,379
up €12,379 (+18.5%), from €66,890 to €79,269
- Financial charges -€10,121
down €10,121 (-13.6%), from €74,163 to €64,042
- Other operating charges -€4,315
down €4,315 (-23.3%), from €18,490 to €14,175
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 | €2,668,147 | €2,196,652 | -€471,495 | -17.7% |
| Fixed assets | 21/28 | €2,419,874 | €2,100,373 | -€319,501 | -13.2% |
| Tangible fixed assets | 22/27 | €2,419,874 | €2,100,373 | -€319,501 | -13.2% |
| Land and buildings | 22 | €2,411,469 | €2,039,461 | -€372,008 | -15.4% |
| Plant, machinery and equipment | 23 | €4,797 | €2,363 | -€2,434 | -50.7% |
| Furniture and vehicles | 24 | €3,608 | €1,964 | -€1,644 | -45.6% |
| Leasing and similar rights | 25 | - | €56,585 | +€56,585 | |
| Current assets | 29/58 | €248,273 | €96,279 | -€151,994 | -61.2% |
| Stocks and contracts in progress | 3 | €39,399 | €15,000 | -€24,399 | -61.9% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Contracts in progress | 37 | €24,399 | - | -€24,399 | |
| Amounts receivable within one year | 40/41 | €188,609 | €78,703 | -€109,906 | -58.3% |
| Trade receivables | 40 | €186,306 | €78,703 | -€107,603 | -57.8% |
| Other amounts receivable | 41 | €2,303 | - | -€2,303 | |
| Current investments | 50/53 | €31 | €31 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €15,233 | - | -€15,233 | |
| Deferred charges and accrued income | 490/1 | €5,001 | €2,546 | -€2,456 | -49.1% |
| Total equity and liabilities | 10/49 | €2,668,147 | €2,196,652 | -€471,495 | -17.7% |
| Equity | 10/15 | €206,347 | €273,952 | +€67,605 | +32.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200,147 | €267,752 | +€67,605 | +33.8% |
| Distributable reserves | 133 | €200,147 | €267,752 | +€67,605 | +33.8% |
| Amounts payable | 17/49 | €2,461,800 | €1,922,700 | -€539,100 | -21.9% |
| Amounts payable after more than one year | 17 | €971,376 | €727,824 | -€243,552 | -25.1% |
| Financial debts | 170/4 | €871,376 | €627,824 | -€243,552 | -28.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,452,078 | €1,178,557 | -€273,520 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €76,064 | €81,535 | +€5,471 | +7.2% |
| Financial debts | 43 | €590,531 | €95,578 | -€494,953 | -83.8% |
| Credit institutions | 430/8 | €589,000 | €82,046 | -€506,954 | -86.1% |
| Other loans | 439 | €1,531 | €13,532 | +€12,001 | +784% |
| Trade debts | 44 | €242,399 | €132,201 | -€110,198 | -45.5% |
| Suppliers | 440/4 | €242,399 | €132,201 | -€110,198 | -45.5% |
| Advances received on contracts in progress | 46 | - | €3,540 | +€3,540 | |
| Taxes, remuneration and social security | 45 | €15,248 | €19,976 | +€4,728 | +31.0% |
| Taxes | 450/3 | €9,248 | €17,976 | +€8,728 | +94.4% |
| Remuneration and social security | 454/9 | €6,000 | €2,000 | -€4,000 | -66.7% |
| Other amounts payable | 47/48 | €527,836 | €845,728 | +€317,892 | +60.2% |
| Accrued charges and deferred income | 492/3 | €38,346 | €16,319 | -€22,028 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,890 | €79,269 | +€12,379 | +18.5% |
| Other operating charges | 640/8 | €18,490 | €14,175 | -€4,315 | -23.3% |
| Gross operating margin | 9900 | €103,751 | €251,749 | +€147,997 | +143% |
| Operating profit (loss) | 9901 | €18,372 | €158,305 | +€139,933 | +762% |
| Financial income | 75/76B | €220 | €344 | +€124 | +56.5% |
| Recurring financial income | 75 | €220 | €344 | +€124 | +56.5% |
| Financial charges | 65/66B | €74,163 | €64,042 | -€10,121 | -13.6% |
| Recurring financial charges | 65 | €74,163 | €64,042 | -€10,121 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,572 | €94,607 | +€150,179 | |
| Transfer from deferred taxes | 780 | €24,773 | - | -€24,773 | |
| Income taxes | 67/77 | €9,454 | €27,002 | +€17,548 | +186% |
| Profit (loss) for the period | 9904 | -€40,253 | €67,605 | +€107,858 | |
| Transfer from tax-exempt reserves | 789 | €74,319 | - | -€74,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,066 | €67,605 | +€33,539 | +98.5% |
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 21 October 2026 via checked.be.