FRENCH CONNECTION: 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.
FRENCH CONNECTION
Largest movements
- Receivables within one year -€3,361
down €3,361 (-52.1%), from €6,450 to €3,089
of which Trade receivables: -€1,951
- Tangible fixed assets -€3,050
down €3,050 (-21.8%), from €14,015 to €10,964
of which Plant, machinery and equipment: -€2,427
- Profit (loss) carried forward -€14,706
down €14,706 (-33.6%), from -€43,759 to -€58,465
- Other debts +€8,938
up €8,938 (+54.3%), from €16,468 to €25,406
- Short-term financial debts -€1,254
down €1,254 (-57.8%), from €2,170 to €916
- Trade debts +€1,211
up €1,211 (+9.0%), from €13,465 to €14,676
- Tax, wage and social debts -€481
down €481 (-28.6%), from €1,684 to €1,203
- Gross operating margin +€4,850
up €4,850 (+51.2%), from -€9,469 to -€4,619
- Financial charges -€2,207
down €2,207 (-28.7%), from €7,689 to €5,482
- Depreciation -€1,718
down €1,718 (-36.0%), from €4,768 to €3,050
- Other operating charges +€1,260
new in 2024: €1,260
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,488 | €16,196 | -€6,292 | -28.0% |
| Fixed assets | 21/28 | €14,015 | €10,964 | -€3,050 | -21.8% |
| Tangible fixed assets | 22/27 | €14,015 | €10,964 | -€3,050 | -21.8% |
| Plant, machinery and equipment | 23 | €10,867 | €8,439 | -€2,427 | -22.3% |
| Furniture and vehicles | 24 | €3,148 | €2,525 | -€623 | -19.8% |
| Current assets | 29/58 | €8,474 | €5,232 | -€3,242 | -38.3% |
| Amounts receivable within one year | 40/41 | €6,450 | €3,089 | -€3,361 | -52.1% |
| Trade receivables | 40 | €5,040 | €3,089 | -€1,951 | -38.7% |
| Other amounts receivable | 41 | €1,410 | - | -€1,410 | |
| Cash at bank and in hand | 54/58 | €240 | €240 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,783 | €1,903 | +€120 | +6.7% |
| Total equity and liabilities | 10/49 | €22,488 | €16,196 | -€6,292 | -28.0% |
| Equity | 10/15 | -€11,299 | -€26,005 | -€14,706 | -130% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| 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 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,759 | -€58,465 | -€14,706 | -33.6% |
| Amounts payable | 17/49 | €33,787 | €42,201 | +€8,414 | +24.9% |
| Amounts payable within one year | 42/48 | €33,787 | €42,201 | +€8,414 | +24.9% |
| Financial debts | 43 | €2,170 | €916 | -€1,254 | -57.8% |
| Credit institutions | 430/8 | €2,170 | €916 | -€1,254 | -57.8% |
| Trade debts | 44 | €13,465 | €14,676 | +€1,211 | +9.0% |
| Suppliers | 440/4 | €13,465 | €14,676 | +€1,211 | +9.0% |
| Taxes, remuneration and social security | 45 | €1,684 | €1,203 | -€481 | -28.6% |
| Taxes | 450/3 | €1,684 | €1,203 | -€481 | -28.6% |
| Other amounts payable | 47/48 | €16,468 | €25,406 | +€8,938 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,768 | €3,050 | -€1,718 | -36.0% |
| Other operating charges | 640/8 | - | €1,260 | +€1,260 | |
| Gross operating margin | 9900 | -€9,469 | -€4,619 | +€4,850 | +51.2% |
| Operating profit (loss) | 9901 | -€14,238 | -€8,930 | +€5,308 | +37.3% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €7,689 | €5,482 | -€2,207 | -28.7% |
| Recurring financial charges | 65 | €7,689 | €5,482 | -€2,207 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,909 | -€14,411 | +€7,497 | +34.2% |
| Income taxes | 67/77 | €348 | €294 | -€53 | -15.3% |
| Profit (loss) for the period | 9904 | -€22,257 | -€14,706 | +€7,551 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,257 | -€14,706 | +€7,551 | +33.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.