FRANCQ MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€8,218
up €8,218 (+12.7%), from €64,647 to €72,865
mainly Depreciation (+€10,102) and Other debts (+€9,760)
- Tangible fixed assets -€7,727
down €7,727 (-3.4%), from €227,936 to €220,209
- Current investments -€5,527
down €5,527 (-43.6%), from €12,676 to €7,150
- Profit (loss) carried forward -€10,454
down €10,454 (-12.7%), from -€82,591 to -€93,044
- Other debts +€9,760
up €9,760 (+17.9%), from €54,508 to €64,268
- Trade debts -€4,342
no longer reported in 2025 (was €4,342)
- Financial income +€2,232
up €2,232 (+1,723%), from €130 to €2,362
- Gross operating margin -€586
down €586 (-81.3%), from €721 to €135
- Other operating charges +€79
up €79 (+3.1%), from €2,554 to €2,632
- Financial charges +€65
up €65 (+51.7%), from €126 to €191
- Depreciation +€46
up €46 (+0.5%), from €10,056 to €10,102
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 | €305,259 | €300,224 | -€5,035 | -1.6% |
| Fixed assets | 21/28 | €227,936 | €220,209 | -€7,727 | -3.4% |
| Tangible fixed assets | 22/27 | €227,936 | €220,209 | -€7,727 | -3.4% |
| Land and buildings | 22 | €227,936 | €220,209 | -€7,727 | -3.4% |
| Current assets | 29/58 | €77,323 | €80,015 | +€2,692 | +3.5% |
| Current investments | 50/53 | €12,676 | €7,150 | -€5,527 | -43.6% |
| Cash at bank and in hand | 54/58 | €64,647 | €72,865 | +€8,218 | +12.7% |
| Total equity and liabilities | 10/49 | €305,259 | €300,224 | -€5,035 | -1.6% |
| Equity | 10/15 | €246,409 | €235,956 | -€10,454 | -4.2% |
| Contributions | 10/11 | €329,000 | €329,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,591 | -€93,044 | -€10,454 | -12.7% |
| Amounts payable | 17/49 | €58,850 | €64,268 | +€5,418 | +9.2% |
| Amounts payable within one year | 42/48 | €58,850 | €64,268 | +€5,418 | +9.2% |
| Trade debts | 44 | €4,342 | - | -€4,342 | |
| Suppliers | 440/4 | €4,342 | - | -€4,342 | |
| Other amounts payable | 47/48 | €54,508 | €64,268 | +€9,760 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,056 | €10,102 | +€46 | +0.5% |
| Other operating charges | 640/8 | €2,554 | €2,632 | +€79 | +3.1% |
| Gross operating margin | 9900 | €721 | €135 | -€586 | -81.3% |
| Operating profit (loss) | 9901 | -€11,889 | -€12,600 | -€711 | -6.0% |
| Financial income | 75/76B | €130 | €2,362 | +€2,232 | +1,723% |
| Recurring financial income | 75 | €130 | €2,362 | +€2,232 | +1,723% |
| Financial charges | 65/66B | €126 | €191 | +€65 | +51.7% |
| Recurring financial charges | 65 | €126 | €191 | +€65 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,886 | -€10,429 | +€1,456 | +12.3% |
| Income taxes | 67/77 | €39 | €24 | -€14 | -37.4% |
| Profit (loss) for the period | 9904 | -€11,924 | -€10,454 | +€1,471 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,924 | -€10,454 | +€1,471 | +12.3% |
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 23 October 2026 via checked.be.