FRANCOIS RASQUIN: 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.
FRANCOIS RASQUIN
Largest movements
- Cash -€2,644
down €2,644 (-2.9%), from €89,970 to €87,326
mainly Other debts (-€8,692) and Tax, wage and social debts (-€343)
- Receivables within one year -€2,184
down €2,184 (-25.4%), from €8,614 to €6,429
of which Other amounts receivable: -€1,692
- Other debts -€8,692
down €8,692 (-45.8%), from €18,965 to €10,273
- Reserves +€3,900
up €3,900 (+32.6%), from €11,958 to €15,858
of which Distributable reserves: +€3,900
- Gross operating margin -€3,799
down €3,799 (-42.9%), from €8,858 to €5,059
- Taxes -€343
down €343 (-39.3%), from €874 to €531
- Financial charges -€196
down €196 (-254%), from -€77 to -€273
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 | €101,427 | €96,600 | -€4,828 | -4.8% |
| Current assets | 29/58 | €101,427 | €96,600 | -€4,828 | -4.8% |
| Stocks and contracts in progress | 3 | €1,520 | €1,520 | = | 0.0% |
| Stocks | 30/36 | €1,520 | €1,520 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,614 | €6,429 | -€2,184 | -25.4% |
| Trade receivables | 40 | €6,554 | €6,061 | -€493 | -7.5% |
| Other amounts receivable | 41 | €2,060 | €368 | -€1,692 | -82.1% |
| Cash at bank and in hand | 54/58 | €89,970 | €87,326 | -€2,644 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,324 | = | 0.0% |
| Total equity and liabilities | 10/49 | €101,427 | €96,600 | -€4,828 | -4.8% |
| Equity | 10/15 | €81,276 | €85,177 | +€3,901 | +4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,958 | €15,858 | +€3,900 | +32.6% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €10,900 | +€3,900 | +55.7% |
| Profit (loss) carried forward | 14 | €50,768 | €50,769 | +€1 | 0.0% |
| Amounts payable | 17/49 | €20,152 | €11,423 | -€8,729 | -43.3% |
| Amounts payable within one year | 42/48 | €20,152 | €11,423 | -€8,729 | -43.3% |
| Trade debts | 44 | €312 | €618 | +€306 | +98.2% |
| Suppliers | 440/4 | €312 | €618 | +€306 | +98.2% |
| Taxes, remuneration and social security | 45 | €874 | €531 | -€343 | -39.3% |
| Taxes | 450/3 | €874 | €531 | -€343 | -39.3% |
| Other amounts payable | 47/48 | €18,965 | €10,273 | -€8,692 | -45.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€19 | -€15 | +€3 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €945 | €1,028 | +€82 | +8.7% |
| Gross operating margin | 9900 | €8,858 | €5,059 | -€3,799 | -42.9% |
| Operating profit (loss) | 9901 | €7,931 | €4,047 | -€3,884 | -49.0% |
| Financial income | 75/76B | €85 | €112 | +€27 | +31.8% |
| Recurring financial income | 75 | €85 | €112 | +€27 | +31.8% |
| Financial charges | 65/66B | -€77 | -€273 | -€196 | -254% |
| Recurring financial charges | 65 | -€77 | -€273 | -€196 | -254% |
| Profit (loss) for the period before taxes | 9903 | €8,094 | €4,432 | -€3,662 | -45.2% |
| Income taxes | 67/77 | €874 | €531 | -€343 | -39.3% |
| Profit (loss) for the period | 9904 | €7,219 | €3,901 | -€3,318 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,219 | €3,901 | -€3,318 | -46.0% |
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 31 October 2026 via checked.be.