FRANCOLINI: 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.
FRANCOLINI
Largest movements
- Cash -€66,171
down €66,171 (-87.8%), from €75,323 to €9,152
mainly Trade debts (-€59,931) and Other debts (-€15,517)
- Tangible fixed assets -€12,553
down €12,553 (-18.4%), from €68,375 to €55,822
of which Leasing and similar rights: -€7,672
- Receivables within one year +€7,860
up €7,860 (+7.4%), from €105,525 to €113,385
of which Other amounts receivable: +€6,693
- Deferred charges and accrued income +€6,057
up €6,057 (+127.8%), from €4,740 to €10,797
- Trade debts -€59,931
down €59,931 (-91.1%), from €65,805 to €5,874
- Other debts -€15,517
down €15,517 (-14.7%), from €105,547 to €90,030
- Current portion of long-term debt +€15,412
up €15,412 (+320.5%), from €4,809 to €20,221
- Gross operating margin -€6,710
down €6,710 (-16.3%), from €41,166 to €34,456
- Other operating charges +€6,083
up €6,083 (+142.0%), from €4,283 to €10,366
- Taxes -€3,314
down €3,314 (-69.3%), from €4,784 to €1,470
- Financial income -€1,872
down €1,872 (-92.9%), from €2,016 to €143
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 | €424,314 | €361,406 | -€62,908 | -14.8% |
| Fixed assets | 21/28 | €68,375 | €55,822 | -€12,553 | -18.4% |
| Tangible fixed assets | 22/27 | €68,375 | €55,822 | -€12,553 | -18.4% |
| Land and buildings | 22 | €28,113 | €25,082 | -€3,032 | -10.8% |
| Plant, machinery and equipment | 23 | €7,226 | €7,401 | +€175 | +2.4% |
| Furniture and vehicles | 24 | €6,867 | €4,843 | -€2,025 | -29.5% |
| Leasing and similar rights | 25 | €26,169 | €18,497 | -€7,672 | -29.3% |
| Current assets | 29/58 | €355,939 | €305,584 | -€50,354 | -14.1% |
| Stocks and contracts in progress | 3 | €170,351 | €172,251 | +€1,900 | +1.1% |
| Stocks | 30/36 | €170,351 | €172,251 | +€1,900 | +1.1% |
| Amounts receivable within one year | 40/41 | €105,525 | €113,385 | +€7,860 | +7.4% |
| Trade receivables | 40 | €86,215 | €87,381 | +€1,167 | +1.4% |
| Other amounts receivable | 41 | €19,310 | €26,004 | +€6,693 | +34.7% |
| Cash at bank and in hand | 54/58 | €75,323 | €9,152 | -€66,171 | -87.8% |
| Deferred charges and accrued income | 490/1 | €4,740 | €10,797 | +€6,057 | +127.8% |
| Total equity and liabilities | 10/49 | €424,314 | €361,406 | -€62,908 | -14.8% |
| Equity | 10/15 | €234,888 | €235,638 | +€750 | +0.3% |
| Contributions | 10/11 | €146,300 | €146,300 | = | 0.0% |
| Reserves | 13 | €54,739 | €54,739 | = | 0.0% |
| Distributable reserves | 133 | €54,739 | €54,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,850 | €34,599 | +€750 | +2.2% |
| Amounts payable | 17/49 | €189,425 | €125,768 | -€63,657 | -33.6% |
| Amounts payable after more than one year | 17 | €13,264 | €9,643 | -€3,621 | -27.3% |
| Financial debts | 170/4 | €13,264 | €8,043 | -€5,221 | -39.4% |
| Other amounts payable | 178/9 | - | €1,600 | +€1,600 | |
| Amounts payable within one year | 42/48 | €176,161 | €116,125 | -€60,037 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €4,809 | €20,221 | +€15,412 | +320.5% |
| Trade debts | 44 | €65,805 | €5,874 | -€59,931 | -91.1% |
| Suppliers | 440/4 | €65,805 | €5,874 | -€59,931 | -91.1% |
| Other amounts payable | 47/48 | €105,547 | €90,030 | -€15,517 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,806 | €13,796 | -€10 | -0.1% |
| Other operating charges | 640/8 | €4,283 | €10,366 | +€6,083 | +142.0% |
| Gross operating margin | 9900 | €41,166 | €34,456 | -€6,710 | -16.3% |
| Operating profit (loss) | 9901 | €23,077 | €10,294 | -€12,783 | -55.4% |
| Financial income | 75/76B | €2,016 | €143 | -€1,872 | -92.9% |
| Recurring financial income | 75 | €2,016 | €143 | -€1,872 | -92.9% |
| Financial charges | 65/66B | €7,931 | €8,218 | +€287 | +3.6% |
| Recurring financial charges | 65 | €7,931 | €8,218 | +€287 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €17,162 | €2,219 | -€14,942 | -87.1% |
| Income taxes | 67/77 | €4,784 | €1,470 | -€3,314 | -69.3% |
| Profit (loss) for the period | 9904 | €12,378 | €750 | -€11,628 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,378 | €750 | -€11,628 | -93.9% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.