FRANCQUI: 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.
FRANCQUI
Largest movements
- Receivables after one year -€300,000
no longer reported in 2025 (was €300,000)
- Current investments +€245,153
new in 2025: €245,153
- Receivables within one year +€141,963
up €141,963 (+48.1%), from €295,265 to €437,228
of which Other amounts receivable: +€161,969
- Cash +€85,916
up €85,916 (+49.5%), from €173,606 to €259,522
mainly Net result for the year (+€413,061) and Receivables after one year (+€300,000)
- Financial fixed assets +€50,000
up €50,000 (+8.6%), from €584,166 to €634,166
- Other debts +€295,662
up €295,662 (+108.5%), from €272,594 to €568,256
- Reserves -€99,776
down €99,776 (-9.1%), from €1.1m to €998,051
of which Distributable reserves: -€99,776
- Debts after one year -€63,178
down €63,178 (-22.2%), from €284,339 to €221,160
- Tax, wage and social debts +€58,789
up €58,789 (+37.5%), from €156,736 to €215,525
- Gross operating margin +€121,131
up €121,131 (+21.7%), from €558,284 to €679,415
- Taxes +€35,559
up €35,559 (+22.7%), from €156,950 to €192,509
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 | €2,130,142 | €2,329,157 | +€199,014 | +9.3% |
| Fixed assets | 21/28 | €1,349,393 | €1,381,659 | +€32,267 | +2.4% |
| Tangible fixed assets | 22/27 | €765,227 | €747,493 | -€17,733 | -2.3% |
| Land and buildings | 22 | €732,050 | €684,616 | -€47,434 | -6.5% |
| Furniture and vehicles | 24 | €7,363 | €39,368 | +€32,004 | +434.7% |
| Other tangible fixed assets | 26 | €22,664 | €20,360 | -€2,304 | -10.2% |
| Assets under construction and advance payments | 27 | €3,149 | €3,149 | = | 0.0% |
| Financial fixed assets | 28 | €584,166 | €634,166 | +€50,000 | +8.6% |
| Current assets | 29/58 | €780,750 | €947,497 | +€166,748 | +21.4% |
| Amounts receivable after more than one year | 29 | €300,000 | - | -€300,000 | |
| Other amounts receivable | 291 | €300,000 | - | -€300,000 | |
| Amounts receivable within one year | 40/41 | €295,265 | €437,228 | +€141,963 | +48.1% |
| Trade receivables | 40 | €275,000 | €254,995 | -€20,005 | -7.3% |
| Other amounts receivable | 41 | €20,265 | €182,233 | +€161,969 | +799.3% |
| Current investments | 50/53 | - | €245,153 | +€245,153 | |
| Cash at bank and in hand | 54/58 | €173,606 | €259,522 | +€85,916 | +49.5% |
| Deferred charges and accrued income | 490/1 | €11,879 | €5,595 | -€6,284 | -52.9% |
| Total equity and liabilities | 10/49 | €2,130,142 | €2,329,157 | +€199,014 | +9.3% |
| Equity | 10/15 | €1,348,003 | €1,248,227 | -€99,776 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,097,827 | €998,051 | -€99,776 | -9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,095,967 | €996,191 | -€99,776 | -9.1% |
| Profit (loss) carried forward | 14 | €243,977 | €243,977 | = | 0.0% |
| Amounts payable | 17/49 | €782,139 | €1,080,929 | +€298,790 | +38.2% |
| Amounts payable after more than one year | 17 | €284,339 | €221,160 | -€63,178 | -22.2% |
| Financial debts | 170/4 | €284,339 | €221,160 | -€63,178 | -22.2% |
| Amounts payable within one year | 42/48 | €497,096 | €859,769 | +€362,672 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €61,358 | €63,178 | +€1,820 | +3.0% |
| Financial debts | 43 | - | €2,091 | +€2,091 | |
| Credit institutions | 430/8 | - | €2,091 | +€2,091 | |
| Trade debts | 44 | €6,408 | €10,718 | +€4,310 | +67.3% |
| Suppliers | 440/4 | €6,408 | €10,718 | +€4,310 | +67.3% |
| Taxes, remuneration and social security | 45 | €156,736 | €215,525 | +€58,789 | +37.5% |
| Taxes | 450/3 | €156,736 | €215,525 | +€58,789 | +37.5% |
| Other amounts payable | 47/48 | €272,594 | €568,256 | +€295,662 | +108.5% |
| Accrued charges and deferred income | 492/3 | €704 | - | -€704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,771 | €63,819 | +€5,048 | +8.6% |
| Other operating charges | 640/8 | €5,776 | €6,712 | +€936 | +16.2% |
| Gross operating margin | 9900 | €558,284 | €679,415 | +€121,131 | +21.7% |
| Operating profit (loss) | 9901 | €493,737 | €608,883 | +€115,146 | +23.3% |
| Financial income | 75/76B | €9,172 | €8,050 | -€1,122 | -12.2% |
| Recurring financial income | 75 | €9,172 | €8,050 | -€1,122 | -12.2% |
| Financial charges | 65/66B | €11,134 | €11,363 | +€229 | +2.1% |
| Recurring financial charges | 65 | €11,134 | €11,363 | +€229 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €491,774 | €605,570 | +€113,796 | +23.1% |
| Income taxes | 67/77 | €156,950 | €192,509 | +€35,559 | +22.7% |
| Profit (loss) for the period | 9904 | €334,824 | €413,061 | +€78,237 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €334,824 | €413,061 | +€78,237 | +23.4% |
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 12 October 2026 via checked.be.