FRANCOIS: what changed
Two fiscal 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.
FRANCOIS
Largest movements
- Tangible fixed assets -€231,001
down €231,001 (-7.4%), from €3.1m to €2.9m
of which Land and buildings: -€231,001
- Receivables within one year +€90,801
up €90,801 (+8.7%), from €1.0m to €1.1m
of which Other amounts receivable: +€102,754
- Current portion of long-term debt -€284,826
down €284,826 (-91.7%), from €310,667 to €25,841
- Accrued charges and deferred income +€241,056
new in 2025: €241,056
- Other debts -€55,500
down €55,500 (-28.3%), from €195,773 to €140,273
- Gross operating margin -€91,231
down €91,231 (-20.0%), from €456,311 to €365,081
- Financial charges -€24,894
down €24,894 (-21.5%), from €115,934 to €91,041
- Other operating charges -€20,935
down €20,935 (-42.0%), from €49,826 to €28,891
- Taxes +€17,203
new in 2025: €17,203
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.
Cash bridge derived
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 | €4,175,000 | €4,067,403 | -€107,597 | -2.6% |
| Fixed assets | 21/28 | €3,133,155 | €2,902,154 | -€231,001 | -7.4% |
| Tangible fixed assets | 22/27 | €3,133,130 | €2,902,129 | -€231,001 | -7.4% |
| Land and buildings | 22 | €3,133,130 | €2,902,129 | -€231,001 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,041,845 | €1,165,248 | +€123,404 | +11.8% |
| Amounts receivable within one year | 40/41 | €1,040,188 | €1,130,988 | +€90,801 | +8.7% |
| Trade receivables | 40 | €146,895 | €134,941 | -€11,954 | -8.1% |
| Other amounts receivable | 41 | €893,293 | €996,047 | +€102,754 | +11.5% |
| Cash at bank and in hand | 54/58 | €1,657 | €34,260 | +€32,603 | +1967.9% |
| Total equity and liabilities | 10/49 | €4,175,000 | €4,067,403 | -€107,597 | -2.6% |
| Equity | 10/15 | €234,921 | €231,869 | -€3,052 | -1.3% |
| Contributions | 10/11 | €13,808 | €13,808 | = | 0.0% |
| Capital | 10 | €13,808 | - | -€13,808 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €6,192 | - | -€6,192 | |
| Outside capital | 11 | - | €13,808 | +€13,808 | |
| Other | 1109/19 | - | €13,808 | +€13,808 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €219,113 | €216,061 | -€3,052 | -1.4% |
| Amounts payable | 17/49 | €3,940,079 | €3,835,534 | -€104,545 | -2.7% |
| Amounts payable after more than one year | 17 | €3,252,472 | €3,252,472 | = | 0.0% |
| Financial debts | 170/4 | €3,252,472 | €3,252,472 | = | 0.0% |
| Amounts payable within one year | 42/48 | €687,607 | €342,006 | -€345,601 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €310,667 | €25,841 | -€284,826 | -91.7% |
| Trade debts | 44 | €171,748 | €174,815 | +€3,068 | +1.8% |
| Suppliers | 440/4 | €171,748 | €174,815 | +€3,068 | +1.8% |
| Advances received on contracts in progress | 46 | - | €1,077 | +€1,077 | |
| Taxes, remuneration and social security | 45 | €9,420 | - | -€9,420 | |
| Taxes | 450/3 | €9,420 | - | -€9,420 | |
| Other amounts payable | 47/48 | €195,773 | €140,273 | -€55,500 | -28.3% |
| Accrued charges and deferred income | 492/3 | - | €241,056 | +€241,056 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,751 | €231,001 | +€1,250 | +0.5% |
| Other operating charges | 640/8 | €49,826 | €28,891 | -€20,935 | -42.0% |
| Gross operating margin | 9900 | €456,311 | €365,081 | -€91,231 | -20.0% |
| Operating profit (loss) | 9901 | €176,735 | €105,189 | -€71,546 | -40.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €115,934 | €91,041 | -€24,894 | -21.5% |
| Recurring financial charges | 65 | €115,934 | €91,041 | -€24,894 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €60,800 | €14,151 | -€46,649 | -76.7% |
| Income taxes | 67/77 | - | €17,203 | +€17,203 | |
| Profit (loss) for the period | 9904 | €60,800 | -€3,052 | -€63,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,800 | -€3,052 | -€63,852 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.