FRANCOTTE: 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.
FRANCOTTE
Largest movements
- Tangible fixed assets +€619,496
up €619,496 (+327%), from €189,198 to €808,694
of which Land and buildings: +€484,237
- Stocks and contracts -€256,106
down €256,106 (-14.6%), from €1.7m to €1.5m
- Cash +€94,009
up €94,009 (+9.7%), from €965,913 to €1.1m
mainly Other debts (+€421,953) and Net result for the year (+€373,104)
- Receivables within one year +€41,994
up €41,994 (+186%), from €22,618 to €64,612
- Reserves -€487,000
down €487,000 (-53.7%), from €906,289 to €419,289
of which Distributable reserves: -€487,000
- Other debts +€421,953
up €421,953 (+336%), from €125,607 to €547,560
- Profit (loss) carried forward +€373,104
up €373,104 (+27.2%), from €1.4m to €1.7m
- Trade debts +€129,865
up €129,865 (+90.2%), from €143,979 to €273,844
- Advances received +€117,469
up €117,469 (+421%), from €27,913 to €145,382
- Staff costs +€62,404
up €62,404 (+15.8%), from €395,785 to €458,189
- Other operating charges +€52,787
up €52,787 (+241%), from €21,881 to €74,668
- Taxes -€50,101
down €50,101 (-29.6%), from €169,391 to €119,290
- Gross operating margin -€47,196
down €47,196 (-4.2%), from €1.1m to €1.1m
- Write-downs -€34,245
down €34,245, from €23,642 to -€10,603
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 | €2,936,519 | €3,438,804 | +€502,285 | +17.1% |
| Fixed assets | 21/28 | €189,198 | €808,694 | +€619,496 | +327% |
| Tangible fixed assets | 22/27 | €189,198 | €808,694 | +€619,496 | +327% |
| Land and buildings | 22 | - | €484,237 | +€484,237 | |
| Plant, machinery and equipment | 23 | €54,149 | €205,010 | +€150,861 | +279% |
| Furniture and vehicles | 24 | €135,049 | €119,447 | -€15,602 | -11.6% |
| Current assets | 29/58 | €2,747,321 | €2,630,110 | -€117,211 | -4.3% |
| Stocks and contracts in progress | 3 | €1,749,467 | €1,493,361 | -€256,106 | -14.6% |
| Stocks | 30/36 | €1,749,467 | €1,493,361 | -€256,106 | -14.6% |
| Amounts receivable within one year | 40/41 | €22,618 | €64,612 | +€41,994 | +186% |
| Trade receivables | 40 | €22,618 | €64,612 | +€41,994 | +186% |
| Cash at bank and in hand | 54/58 | €965,913 | €1,059,922 | +€94,009 | +9.7% |
| Deferred charges and accrued income | 490/1 | €9,323 | €12,215 | +€2,892 | +31.0% |
| Total equity and liabilities | 10/49 | €2,936,519 | €3,438,804 | +€502,285 | +17.1% |
| Equity | 10/15 | €2,430,185 | €2,316,289 | -€113,896 | -4.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €906,289 | €419,289 | -€487,000 | -53.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,289 | €53,289 | = | 0.0% |
| Distributable reserves | 133 | €838,000 | €351,000 | -€487,000 | -58.1% |
| Profit (loss) carried forward | 14 | €1,373,896 | €1,747,000 | +€373,104 | +27.2% |
| Provisions and deferred taxes | 16 | €33,446 | €38,600 | +€5,154 | +15.4% |
| Provisions for liabilities and charges | 160/5 | €33,446 | €38,600 | +€5,154 | +15.4% |
| Other liabilities and charges | 164/5 | €33,446 | €38,600 | +€5,154 | +15.4% |
| Amounts payable | 17/49 | €472,888 | €1,083,915 | +€611,027 | +129% |
| Amounts payable within one year | 42/48 | €472,452 | €1,083,364 | +€610,912 | +129% |
| Trade debts | 44 | €143,979 | €273,844 | +€129,865 | +90.2% |
| Suppliers | 440/4 | €143,979 | €273,844 | +€129,865 | +90.2% |
| Advances received on contracts in progress | 46 | €27,913 | €145,382 | +€117,469 | +421% |
| Taxes, remuneration and social security | 45 | €174,953 | €116,578 | -€58,375 | -33.4% |
| Taxes | 450/3 | €142,868 | €79,273 | -€63,595 | -44.5% |
| Remuneration and social security | 454/9 | €32,085 | €37,305 | +€5,220 | +16.3% |
| Other amounts payable | 47/48 | €125,607 | €547,560 | +€421,953 | +336% |
| Accrued charges and deferred income | 492/3 | €436 | €551 | +€115 | +26.4% |
| Remuneration, social security and pensions | 62 | €395,785 | €458,189 | +€62,404 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,951 | €63,992 | +€30,041 | +88.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,642 | -€10,603 | -€34,245 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,876 | - | -€3,876 | |
| Other operating charges | 640/8 | €21,881 | €74,668 | +€52,787 | +241% |
| Gross operating margin | 9900 | €1,132,355 | €1,085,159 | -€47,196 | -4.2% |
| Operating profit (loss) | 9901 | €653,220 | €498,913 | -€154,307 | -23.6% |
| Financial income | 75/76B | €2,214 | €1,830 | -€384 | -17.3% |
| Recurring financial income | 75 | €2,214 | €1,830 | -€384 | -17.3% |
| Financial charges | 65/66B | €8,734 | €8,349 | -€385 | -4.4% |
| Recurring financial charges | 65 | €8,734 | €8,349 | -€385 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €646,700 | €492,394 | -€154,306 | -23.9% |
| Income taxes | 67/77 | €169,391 | €119,290 | -€50,101 | -29.6% |
| Profit (loss) for the period | 9904 | €477,309 | €373,104 | -€104,205 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €477,309 | €373,104 | -€104,205 | -21.8% |
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 18 October 2026 via checked.be.