FRANSE: what changed
Two fiscal 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.
FRANSE
Largest movements
- Cash -€36,434
down €36,434 (-37.7%), from €96,702 to €60,268
mainly Debts after one year (-€51,833) and Receivables within one year (-€19,187)
- Tangible fixed assets -€21,679
down €21,679 (-2.2%), from €983,251 to €961,572
- Receivables within one year +€19,187
up €19,187 (+159.5%), from €12,026 to €31,213
of which Trade receivables: +€16,630
- Debts after one year -€51,833
down €51,833 (-18.8%), from €275,785 to €223,952
- Gross operating margin -€19,989
down €19,989 (-32.3%), from €61,844 to €41,854
- Taxes -€4,848
down €4,848 (-59.7%), from €8,116 to €3,268
- Financial income +€1,309
new in 2025: €1,309
- Other operating charges +€810
up €810 (+14.2%), from €5,709 to €6,520
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 | €1,093,264 | €1,053,053 | -€40,211 | -3.7% |
| Fixed assets | 21/28 | €983,251 | €961,572 | -€21,679 | -2.2% |
| Tangible fixed assets | 22/27 | €983,251 | €961,572 | -€21,679 | -2.2% |
| Land and buildings | 22 | €983,251 | €961,572 | -€21,679 | -2.2% |
| Current assets | 29/58 | €110,013 | €91,481 | -€18,532 | -16.8% |
| Amounts receivable within one year | 40/41 | €12,026 | €31,213 | +€19,187 | +159.5% |
| Trade receivables | 40 | - | €16,630 | +€16,630 | |
| Other amounts receivable | 41 | €12,026 | €14,583 | +€2,557 | +21.3% |
| Cash at bank and in hand | 54/58 | €96,702 | €60,268 | -€36,434 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,285 | - | -€1,285 | |
| Total equity and liabilities | 10/49 | €1,093,264 | €1,053,053 | -€40,211 | -3.7% |
| Equity | 10/15 | €503,148 | €510,698 | +€7,550 | +1.5% |
| 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% |
| Revaluation surpluses | 12 | €227,553 | €227,553 | = | 0.0% |
| Reserves | 13 | €125,596 | €133,145 | +€7,550 | +6.0% |
| Non-distributable reserves | 130/1 | €13,530 | €13,908 | +€377 | +2.8% |
| Legal reserve | 130 | €5,945 | €6,322 | +€377 | +6.3% |
| Reserves not available under the articles | 1311 | €7,585 | €7,585 | = | 0.0% |
| Distributable reserves | 133 | €112,066 | €119,238 | +€7,172 | +6.4% |
| Amounts payable | 17/49 | €590,116 | €542,355 | -€47,761 | -8.1% |
| Amounts payable after more than one year | 17 | €275,785 | €223,952 | -€51,833 | -18.8% |
| Financial debts | 170/4 | €275,785 | €223,952 | -€51,833 | -18.8% |
| Amounts payable within one year | 42/48 | €314,331 | €318,403 | +€4,073 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €53,278 | €52,223 | -€1,055 | -2.0% |
| Trade debts | 44 | €3,367 | €13,111 | +€9,744 | +289.4% |
| Suppliers | 440/4 | €3,367 | €13,111 | +€9,744 | +289.4% |
| Advances received on contracts in progress | 46 | €252,900 | €252,900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,616 | - | -€4,616 | |
| Taxes | 450/3 | €4,616 | - | -€4,616 | |
| Other amounts payable | 47/48 | €170 | €170 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,679 | €21,679 | = | 0.0% |
| Other operating charges | 640/8 | €5,709 | €6,520 | +€810 | +14.2% |
| Gross operating margin | 9900 | €61,844 | €41,854 | -€19,989 | -32.3% |
| Operating profit (loss) | 9901 | €34,455 | €13,655 | -€20,800 | -60.4% |
| Financial income | 75/76B | - | €1,309 | +€1,309 | |
| Recurring financial income | 75 | - | €1,309 | +€1,309 | |
| Financial charges | 65/66B | €3,738 | €4,146 | +€408 | +10.9% |
| Recurring financial charges | 65 | €3,738 | €4,146 | +€408 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €30,717 | €10,818 | -€19,899 | -64.8% |
| Income taxes | 67/77 | €8,116 | €3,268 | -€4,848 | -59.7% |
| Profit (loss) for the period | 9904 | €22,601 | €7,550 | -€15,051 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,601 | €7,550 | -€15,051 | -66.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.