François - Bayet: what changed
What changed
François - Bayet
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
-€12,718
2024 · -€18,345+€5,626
Equity
€89,122
2024 · €101,841-€12,718
Cash
€1,795
2024 · €1,996-€201
Balance sheet total
€348,435
2024 · €357,889-€9,454
Largest movements
Assets
- Stocks and contracts -€18,735
down €18,735 (-11.3%), from €165,265 to €146,530
- Tangible fixed assets +€11,956
up €11,956 (+6.4%), from €185,415 to €197,371
Equity and liabilities
- Trade debts -€73,368
down €73,368 (-66.8%), from €109,760 to €36,392
- Debts after one year +€51,749
new in 2025: €51,749
- Other debts +€19,832
up €19,832 (+14.5%), from €136,430 to €156,261
- Profit (loss) carried forward -€12,718
down €12,718 (-17.4%), from €73,300 to €60,581
- Current portion of long-term debt +€4,813
new in 2025: €4,813
Income statement
- Gross operating margin +€15,221
up €15,221, from -€13,418 to €1,803
- Depreciation +€5,258
up €5,258 (+495%), from €1,063 to €6,321
- Financial charges +€3,451
up €3,451 (+94.1%), from €3,669 to €7,119
- Financial income -€577
no longer reported in 2025 (was €577)
of which Financial income: -€577
- Other operating charges +€408
up €408 (+64.3%), from €634 to €1,041
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€18,345
Gross operating margin
+€15,221
Depreciation
-€5,258
Other operating charges
-€408
Financial income
-€577
Financial charges
-€3,451
Taxes
+€99
Result 2025
-€12,718
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€36,328
Investment
-€18,277
Financing
+€54,404
Cash 2024
€1,996
From operations (derived)
-€36,328
Net result for the year
-€12,718
Depreciation
+€6,321
Stocks and contracts
+€18,735
Receivables within one year
+€2,235
Deferred charges and accrued income
+€240
Trade debts
-€73,368
Tax, wage and social debts
+€2,397
Other debts
+€19,832
Investment (derived)
-€18,277
Investment in fixed assets (net)
-€18,277
Financing
+€54,404
Debts after one year
+€51,749
Current portion of long-term debt
+€4,813
Short-term financial debts
-€2,158
Cash 2025
€1,795
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,889 | €348,435 | -€9,454 | -2.6% |
| Fixed assets | 21/28 | €185,415 | €197,371 | +€11,956 | +6.4% |
| Tangible fixed assets | 22/27 | €185,415 | €197,371 | +€11,956 | +6.4% |
| Plant, machinery and equipment | 23 | €185,415 | €197,371 | +€11,956 | +6.4% |
| Current assets | 29/58 | €172,475 | €151,065 | -€21,410 | -12.4% |
| Stocks and contracts in progress | 3 | €165,265 | €146,530 | -€18,735 | -11.3% |
| Stocks | 30/36 | €165,265 | €146,530 | -€18,735 | -11.3% |
| Amounts receivable within one year | 40/41 | €2,260 | €25 | -€2,235 | -98.9% |
| Other amounts receivable | 41 | €2,260 | €25 | -€2,235 | -98.9% |
| Cash at bank and in hand | 54/58 | €1,996 | €1,795 | -€201 | -10.1% |
| Deferred charges and accrued income | 490/1 | €2,955 | €2,715 | -€240 | -8.1% |
| Total equity and liabilities | 10/49 | €357,889 | €348,435 | -€9,454 | -2.6% |
| Equity | 10/15 | €101,841 | €89,122 | -€12,718 | -12.5% |
| Contributions | 10/11 | €28,541 | €28,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,300 | €60,581 | -€12,718 | -17.4% |
| Amounts payable | 17/49 | €256,049 | €259,313 | +€3,265 | +1.3% |
| Amounts payable after more than one year | 17 | - | €51,749 | +€51,749 | |
| Financial debts | 170/4 | - | €51,749 | +€51,749 | |
| Amounts payable within one year | 42/48 | €256,049 | €207,564 | -€48,484 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,813 | +€4,813 | |
| Financial debts | 43 | €9,726 | €7,569 | -€2,158 | -22.2% |
| Credit institutions | 430/8 | €9,726 | €7,569 | -€2,158 | -22.2% |
| Trade debts | 44 | €109,760 | €36,392 | -€73,368 | -66.8% |
| Suppliers | 440/4 | €109,760 | €36,392 | -€73,368 | -66.8% |
| Taxes, remuneration and social security | 45 | €132 | €2,529 | +€2,397 | +1,816% |
| Taxes | 450/3 | €132 | €2,529 | +€2,397 | +1,816% |
| Other amounts payable | 47/48 | €136,430 | €156,261 | +€19,832 | +14.5% |
| Non-recurring operating income | 76A | - | €496 | +€496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | €6,321 | +€5,258 | +495% |
| Other operating charges | 640/8 | €634 | €1,041 | +€408 | +64.3% |
| Gross operating margin | 9900 | -€13,418 | €1,803 | +€15,221 | |
| Operating profit (loss) | 9901 | -€15,114 | -€5,559 | +€9,555 | +63.2% |
| Financial income | 75/76B | €577 | - | -€577 | |
| Recurring financial income | 75 | €577 | - | -€577 | |
| Non-recurring financial income | 76B | €577 | - | -€577 | |
| Financial charges | 65/66B | €3,669 | €7,119 | +€3,451 | +94.1% |
| Recurring financial charges | 65 | €3,669 | €7,119 | +€3,451 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,206 | -€12,678 | +€5,528 | +30.4% |
| Income taxes | 67/77 | €139 | €40 | -€99 | -71.1% |
| Profit (loss) for the period | 9904 | -€18,345 | -€12,718 | +€5,626 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,345 | -€12,718 | +€5,626 | +30.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.