Françoise Billen: 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.
Françoise Billen
Largest movements
- Cash +€33,663
up €33,663 (+54.3%), from €61,967 to €95,630
mainly Other debts (+€83,172) and Net result for the year (+€40,449)
- Receivables within one year -€7,072
down €7,072 (-37.6%), from €18,818 to €11,746
of which Trade receivables: -€11,069
- Tangible fixed assets -€2,427
down €2,427 (-33.9%), from €7,150 to €4,723
- Other debts +€83,172
up €83,172 (+437%), from €19,044 to €102,215
- Reserves -€52,405
down €52,405 (-94.6%), from €55,405 to €3,000
- Tax, wage and social debts -€6,977
down €6,977 (-61.7%), from €11,304 to €4,328
of which Taxes: -€6,800
- Gross operating margin +€13,027
up €13,027 (+29.0%), from €44,985 to €58,012
- Taxes +€2,587
up €2,587 (+28.8%), from €8,982 to €11,569
- Financial charges +€1,320
up €1,320 (+87.2%), from €1,513 to €2,832
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 | €88,585 | €113,120 | +€24,535 | +27.7% |
| Fixed assets | 21/28 | €7,150 | €4,723 | -€2,427 | -33.9% |
| Tangible fixed assets | 22/27 | €7,150 | €4,723 | -€2,427 | -33.9% |
| Furniture and vehicles | 24 | €7,150 | €4,723 | -€2,427 | -33.9% |
| Current assets | 29/58 | €81,435 | €108,397 | +€26,962 | +33.1% |
| Amounts receivable within one year | 40/41 | €18,818 | €11,746 | -€7,072 | -37.6% |
| Trade receivables | 40 | €18,592 | €7,523 | -€11,069 | -59.5% |
| Other amounts receivable | 41 | €226 | €4,223 | +€3,997 | +1,772% |
| Cash at bank and in hand | 54/58 | €61,967 | €95,630 | +€33,663 | +54.3% |
| Deferred charges and accrued income | 490/1 | €650 | €1,021 | +€371 | +57.1% |
| Total equity and liabilities | 10/49 | €88,585 | €113,120 | +€24,535 | +27.7% |
| Equity | 10/15 | €57,405 | €5,000 | -€52,405 | -91.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,405 | €3,000 | -€52,405 | -94.6% |
| Distributable reserves | 133 | €55,405 | €3,000 | -€52,405 | -94.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,180 | €108,120 | +€76,940 | +247% |
| Amounts payable within one year | 42/48 | €31,180 | €108,120 | +€76,940 | +247% |
| Trade debts | 44 | €832 | €1,577 | +€744 | +89.5% |
| Suppliers | 440/4 | €832 | €1,577 | +€744 | +89.5% |
| Taxes, remuneration and social security | 45 | €11,304 | €4,328 | -€6,977 | -61.7% |
| Taxes | 450/3 | €11,128 | €4,328 | -€6,800 | -61.1% |
| Remuneration and social security | 454/9 | €176 | €0 | -€176 | -100% |
| Other amounts payable | 47/48 | €19,044 | €102,215 | +€83,172 | +437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,912 | €2,923 | +€12 | +0.4% |
| Other operating charges | 640/8 | €278 | €239 | -€40 | -14.3% |
| Gross operating margin | 9900 | €44,985 | €58,012 | +€13,027 | +29.0% |
| Operating profit (loss) | 9901 | €41,795 | €54,850 | +€13,055 | +31.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,513 | €2,832 | +€1,320 | +87.2% |
| Recurring financial charges | 65 | €1,513 | €2,832 | +€1,320 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €40,282 | €52,018 | +€11,736 | +29.1% |
| Income taxes | 67/77 | €8,982 | €11,569 | +€2,587 | +28.8% |
| Profit (loss) for the period | 9904 | €31,300 | €40,449 | +€9,149 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,300 | €40,449 | +€9,149 | +29.2% |
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 29 October 2026 via checked.be.