FRANK COUSSEMENT: 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.
FRANK COUSSEMENT
Largest movements
- Receivables within one year +€4,239
up €4,239 (+13.5%), from €31,360 to €35,599
- Financial fixed assets +€3,090
up €3,090 (+25.7%), from €12,002 to €15,092
- Cash -€1,938
down €1,938 (-13.8%), from €14,068 to €12,131
mainly Receivables within one year (-€4,239) and Investment in fixed assets (net) (-€3,090)
- Tangible fixed assets -€699
down €699 (-49.6%), from €1,408 to €709
of which Furniture and vehicles: -€542
- Profit (loss) carried forward +€27,834
up €27,834 (+98.8%), from -€28,165 to -€332
- Reserves -€22,545
down €22,545 (-33.2%), from €67,803 to €45,259
of which Distributable reserves: -€22,545
- Financial charges +€658
up €658 (+467%), from €141 to €799
- Other operating charges +€265
up €265 (+25.5%), from €1,039 to €1,304
- Financial income +€264
up €264 (+36.0%), from €735 to €999
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 | €58,839 | €63,595 | +€4,756 | +8.1% |
| Fixed assets | 21/28 | €13,410 | €15,802 | +€2,391 | +17.8% |
| Tangible fixed assets | 22/27 | €1,408 | €709 | -€699 | -49.6% |
| Plant, machinery and equipment | 23 | €157 | €0 | -€157 | -100% |
| Furniture and vehicles | 24 | €1,251 | €709 | -€542 | -43.3% |
| Financial fixed assets | 28 | €12,002 | €15,092 | +€3,090 | +25.7% |
| Current assets | 29/58 | €45,428 | €47,793 | +€2,365 | +5.2% |
| Amounts receivable within one year | 40/41 | €31,360 | €35,599 | +€4,239 | +13.5% |
| Other amounts receivable | 41 | €31,360 | €35,599 | +€4,239 | +13.5% |
| Cash at bank and in hand | 54/58 | €14,068 | €12,131 | -€1,938 | -13.8% |
| Deferred charges and accrued income | 490/1 | - | €63 | +€63 | |
| Total equity and liabilities | 10/49 | €58,839 | €63,595 | +€4,756 | +8.1% |
| Equity | 10/15 | €58,230 | €63,519 | +€5,289 | +9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €67,803 | €45,259 | -€22,545 | -33.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €65,944 | €43,399 | -€22,545 | -34.2% |
| Profit (loss) carried forward | 14 | -€28,165 | -€332 | +€27,834 | +98.8% |
| Amounts payable | 17/49 | €609 | €76 | -€533 | -87.5% |
| Amounts payable within one year | 42/48 | €609 | €76 | -€533 | -87.5% |
| Trade debts | 44 | €609 | €76 | -€533 | -87.5% |
| Suppliers | 440/4 | €609 | €76 | -€533 | -87.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €25,398 | €0 | -€25,398 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €699 | -€66 | -8.6% |
| Other operating charges | 640/8 | €1,039 | €1,304 | +€265 | +25.5% |
| Gross operating margin | 9900 | €7,316 | €7,297 | -€20 | -0.3% |
| Operating profit (loss) | 9901 | €5,513 | €5,293 | -€219 | -4.0% |
| Financial income | 75/76B | €735 | €999 | +€264 | +36.0% |
| Recurring financial income | 75 | €735 | €999 | +€264 | +36.0% |
| Financial charges | 65/66B | €141 | €799 | +€658 | +467% |
| Recurring financial charges | 65 | €141 | €799 | +€658 | +467% |
| Profit (loss) for the period before taxes | 9903 | €6,106 | €5,493 | -€613 | -10.0% |
| Income taxes | 67/77 | €244 | €204 | -€40 | -16.5% |
| Profit (loss) for the period | 9904 | €5,862 | €5,289 | -€573 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,862 | €5,289 | -€573 | -9.8% |
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 20 October 2026 via checked.be.