FRANCOIS COMTE: 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 COMTE
Largest movements
- Receivables within one year +€354,141
up €354,141 (+85.8%), from €412,634 to €766,775
of which Trade receivables: +€347,521
- Tangible fixed assets -€36,498
down €36,498 (-24.2%), from €150,926 to €114,428
of which Furniture and vehicles: -€29,784
- Cash +€16,079
up €16,079 (+23.0%), from €69,984 to €86,063
mainly Trade debts (+€216,483) and Net result for the year (+€98,076)
- Trade debts +€216,483
up €216,483 (+178.6%), from €121,184 to €337,667
- Reserves +€50,000
new in 2025: €50,000
- Profit (loss) carried forward +€48,076
up €48,076 (+21.3%), from €226,053 to €274,129
- Tax, wage and social debts +€39,900
up €39,900 (+2345.7%), from €1,701 to €41,601
of which Taxes: +€41,001
- Debts after one year -€15,675
down €15,675 (-44.2%), from €35,484 to €19,809
- Gross operating margin +€74,310
up €74,310 (+62.9%), from €118,168 to €192,478
- Taxes +€40,319
up €40,319 (+5920.6%), from €681 to €41,000
- Staff costs -€15,390
down €15,390 (-95.2%), from €16,159 to €769
- Financial income -€10,948
down €10,948 (-95.2%), from €11,501 to €553
- Depreciation -€7,495
down €7,495 (-17.0%), from €43,993 to €36,498
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 | €712,511 | €1,043,766 | +€331,255 | +46.5% |
| Fixed assets | 21/28 | €150,926 | €114,428 | -€36,498 | -24.2% |
| Tangible fixed assets | 22/27 | €150,926 | €114,428 | -€36,498 | -24.2% |
| Plant, machinery and equipment | 23 | €23,012 | €16,298 | -€6,714 | -29.2% |
| Furniture and vehicles | 24 | €127,914 | €98,130 | -€29,784 | -23.3% |
| Current assets | 29/58 | €561,585 | €929,338 | +€367,753 | +65.5% |
| Stocks and contracts in progress | 3 | €78,967 | €76,500 | -€2,467 | -3.1% |
| Stocks | 30/36 | €78,967 | €76,500 | -€2,467 | -3.1% |
| Amounts receivable within one year | 40/41 | €412,634 | €766,775 | +€354,141 | +85.8% |
| Trade receivables | 40 | €403,491 | €751,012 | +€347,521 | +86.1% |
| Other amounts receivable | 41 | €9,143 | €15,763 | +€6,620 | +72.4% |
| Cash at bank and in hand | 54/58 | €69,984 | €86,063 | +€16,079 | +23.0% |
| Total equity and liabilities | 10/49 | €712,511 | €1,043,766 | +€331,255 | +46.5% |
| Equity | 10/15 | €276,053 | €378,719 | +€102,666 | +37.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €226,053 | €274,129 | +€48,076 | +21.3% |
| Investment grants | 15 | - | €4,590 | +€4,590 | |
| Amounts payable | 17/49 | €436,458 | €665,047 | +€228,589 | +52.4% |
| Amounts payable after more than one year | 17 | €35,484 | €19,809 | -€15,675 | -44.2% |
| Financial debts | 170/4 | €35,484 | €19,809 | -€15,675 | -44.2% |
| Amounts payable within one year | 42/48 | €400,974 | €645,238 | +€244,264 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €20,783 | €15,675 | -€5,108 | -24.6% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €121,184 | €337,667 | +€216,483 | +178.6% |
| Suppliers | 440/4 | €121,184 | €337,667 | +€216,483 | +178.6% |
| Taxes, remuneration and social security | 45 | €1,701 | €41,601 | +€39,900 | +2345.7% |
| Taxes | 450/3 | €600 | €41,601 | +€41,001 | +6833.5% |
| Remuneration and social security | 454/9 | €1,101 | - | -€1,101 | |
| Other amounts payable | 47/48 | €7,306 | €295 | -€7,011 | -96.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €16,159 | €769 | -€15,390 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,993 | €36,498 | -€7,495 | -17.0% |
| Other operating charges | 640/8 | €1,265 | €1,411 | +€146 | +11.5% |
| Gross operating margin | 9900 | €118,168 | €192,478 | +€74,310 | +62.9% |
| Operating profit (loss) | 9901 | €56,751 | €153,800 | +€97,049 | +171.0% |
| Financial income | 75/76B | €11,501 | €553 | -€10,948 | -95.2% |
| Recurring financial income | 75 | €11,501 | €553 | -€10,948 | -95.2% |
| Financial charges | 65/66B | €19,156 | €15,277 | -€3,879 | -20.2% |
| Recurring financial charges | 65 | €19,156 | €15,277 | -€3,879 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €49,096 | €139,076 | +€89,980 | +183.3% |
| Income taxes | 67/77 | €681 | €41,000 | +€40,319 | +5920.6% |
| Profit (loss) for the period | 9904 | €48,415 | €98,076 | +€49,661 | +102.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,415 | €98,076 | +€49,661 | +102.6% |
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 5 October 2026 via checked.be.