FRANCQ BERNARD: 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.
FRANCQ BERNARD
Largest movements
- Tangible fixed assets -€51,577
down €51,577 (-11.5%), from €447,092 to €395,516
of which Land and buildings: -€50,490
- Receivables within one year -€9,615
down €9,615 (-28.2%), from €34,100 to €24,485
of which Trade receivables: -€8,367
- Debts after one year -€74,312
down €74,312 (-26.8%), from €277,016 to €202,704
- Profit (loss) carried forward +€21,082
up €21,082 (+71.5%), from -€29,492 to -€8,410
- Other debts -€9,417
down €9,417 (-67.4%), from €13,964 to €4,547
- Current portion of long-term debt -€6,486
down €6,486 (-18.3%), from €35,433 to €28,947
- Purchases and services -€80,724
down €80,724 (-44.2%), from €182,723 to €101,999
- Turnover -€37,380
down €37,380 (-19.5%), from €191,669 to €154,289
- Gross operating margin -€15,260
down €15,260 (-15.5%), from €98,383 to €83,123
- Depreciation -€4,299
down €4,299 (-12.3%), from €35,032 to €30,733
- Financial charges -€3,686
down €3,686 (-17.6%), from €20,988 to €17,302
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 | €514,804 | €447,434 | -€67,370 | -13.1% |
| Fixed assets | 21/28 | €449,138 | €395,616 | -€53,522 | -11.9% |
| Tangible fixed assets | 22/27 | €447,092 | €395,516 | -€51,577 | -11.5% |
| Land and buildings | 22 | €445,496 | €395,006 | -€50,490 | -11.3% |
| Plant, machinery and equipment | 23 | €1,008 | €509 | -€499 | -49.5% |
| Furniture and vehicles | 24 | €588 | - | -€588 | |
| Financial fixed assets | 28 | €2,045 | €100 | -€1,945 | -95.1% |
| Current assets | 29/58 | €65,667 | €51,818 | -€13,848 | -21.1% |
| Stocks and contracts in progress | 3 | €20,751 | €15,941 | -€4,810 | -23.2% |
| Stocks | 30/36 | €20,751 | €15,941 | -€4,810 | -23.2% |
| Amounts receivable within one year | 40/41 | €34,100 | €24,485 | -€9,615 | -28.2% |
| Trade receivables | 40 | €31,216 | €22,849 | -€8,367 | -26.8% |
| Other amounts receivable | 41 | €2,884 | €1,637 | -€1,248 | -43.3% |
| Cash at bank and in hand | 54/58 | €4,917 | €4,027 | -€890 | -18.1% |
| Deferred charges and accrued income | 490/1 | €5,898 | €7,365 | +€1,467 | +24.9% |
| Total equity and liabilities | 10/49 | €514,804 | €447,434 | -€67,370 | -13.1% |
| Equity | 10/15 | €95,108 | €116,190 | +€21,082 | +22.2% |
| Contributions | 10/11 | €19,212 | €19,212 | = | 0.0% |
| Reserves | 13 | €105,387 | €105,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,095 | €3,095 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,095 | €3,095 | = | 0.0% |
| Distributable reserves | 133 | €102,293 | €102,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,492 | -€8,410 | +€21,082 | +71.5% |
| Amounts payable | 17/49 | €419,696 | €331,244 | -€88,452 | -21.1% |
| Amounts payable after more than one year | 17 | €277,016 | €202,704 | -€74,312 | -26.8% |
| Financial debts | 170/4 | €277,016 | €202,704 | -€74,312 | -26.8% |
| Amounts payable within one year | 42/48 | €140,876 | €127,699 | -€13,177 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €35,433 | €28,947 | -€6,486 | -18.3% |
| Financial debts | 43 | €35,000 | €35,006 | +€6 | 0.0% |
| Credit institutions | 430/8 | €35,000 | €35,006 | +€6 | 0.0% |
| Trade debts | 44 | €56,375 | €55,309 | -€1,065 | -1.9% |
| Suppliers | 440/4 | €56,375 | €55,309 | -€1,065 | -1.9% |
| Taxes, remuneration and social security | 45 | €104 | €3,890 | +€3,786 | +3,641% |
| Taxes | 450/3 | - | €3,786 | +€3,786 | |
| Remuneration and social security | 454/9 | €104 | €104 | = | 0.0% |
| Other amounts payable | 47/48 | €13,964 | €4,547 | -€9,417 | -67.4% |
| Accrued charges and deferred income | 492/3 | €1,805 | €841 | -€964 | -53.4% |
| Turnover | 70 | €191,669 | €154,289 | -€37,380 | -19.5% |
| Non-recurring operating income | 76A | €534 | - | -€534 | |
| Goods, raw materials, services and sundry goods | 60/61 | €182,723 | €101,999 | -€80,724 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,032 | €30,733 | -€4,299 | -12.3% |
| Other operating charges | 640/8 | €9,134 | €10,836 | +€1,702 | +18.6% |
| Non-recurring operating charges | 66A | €146 | - | -€146 | |
| Gross operating margin | 9900 | €98,383 | €83,123 | -€15,260 | -15.5% |
| Operating profit (loss) | 9901 | €54,071 | €41,554 | -€12,517 | -23.1% |
| Financial income | 75/76B | €74 | €0 | -€73 | -99.8% |
| Recurring financial income | 75 | €74 | €0 | -€73 | -99.8% |
| Financial charges | 65/66B | €20,988 | €17,302 | -€3,686 | -17.6% |
| Recurring financial charges | 65 | €20,988 | €17,302 | -€3,686 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €33,157 | €24,252 | -€8,904 | -26.9% |
| Income taxes | 67/77 | €1,681 | €3,170 | +€1,489 | +88.6% |
| Profit (loss) for the period | 9904 | €31,476 | €21,082 | -€10,394 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,476 | €21,082 | -€10,394 | -33.0% |
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 29 October 2026 via checked.be.