GAELLE FRANKARD: 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.
GAELLE FRANKARD
Largest movements
- Receivables within one year +€48,218
up €48,218 (+160%), from €30,100 to €78,318
of which Other amounts receivable: +€28,406
- Cash +€41,380
up €41,380 (+184%), from €22,497 to €63,877
mainly Net result for the year (+€58,794) and Trade debts (+€12,685)
- Deferred charges and accrued income -€9,422
down €9,422 (-97.6%), from €9,656 to €233
- Tangible fixed assets -€7,709
down €7,709 (-28.5%), from €27,051 to €19,342
of which Leasing and similar rights: -€6,926
- Profit (loss) carried forward +€58,794
up €58,794 (+140%), from €42,095 to €100,889
- Trade debts +€12,685
new in 2025: €12,685
- Debts after one year -€8,645
down €8,645 (-59.7%), from €14,486 to €5,841
- Current portion of long-term debt +€7,010
up €7,010 (+84.4%), from €8,302 to €15,312
- Tax, wage and social debts +€2,623
up €2,623 (+12.2%), from €21,420 to €24,044
- Gross operating margin +€35,528
up €35,528 (+77.0%), from €46,160 to €81,688
- Taxes +€5,670
up €5,670 (+69.7%), from €8,130 to €13,800
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 | €89,303 | €161,770 | +€72,466 | +81.1% |
| Fixed assets | 21/28 | €27,051 | €19,342 | -€7,709 | -28.5% |
| Tangible fixed assets | 22/27 | €27,051 | €19,342 | -€7,709 | -28.5% |
| Furniture and vehicles | 24 | €2,062 | €1,278 | -€784 | -38.0% |
| Leasing and similar rights | 25 | €24,989 | €18,064 | -€6,926 | -27.7% |
| Current assets | 29/58 | €62,253 | €142,428 | +€80,176 | +129% |
| Amounts receivable within one year | 40/41 | €30,100 | €78,318 | +€48,218 | +160% |
| Trade receivables | 40 | €22,410 | €42,222 | +€19,812 | +88.4% |
| Other amounts receivable | 41 | €7,690 | €36,096 | +€28,406 | +369% |
| Cash at bank and in hand | 54/58 | €22,497 | €63,877 | +€41,380 | +184% |
| Deferred charges and accrued income | 490/1 | €9,656 | €233 | -€9,422 | -97.6% |
| Total equity and liabilities | 10/49 | €89,303 | €161,770 | +€72,466 | +81.1% |
| Equity | 10/15 | €44,095 | €102,889 | +€58,794 | +133% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,095 | €100,889 | +€58,794 | +140% |
| Amounts payable | 17/49 | €45,208 | €58,881 | +€13,673 | +30.2% |
| Amounts payable after more than one year | 17 | €14,486 | €5,841 | -€8,645 | -59.7% |
| Financial debts | 170/4 | €14,486 | €5,841 | -€8,645 | -59.7% |
| Amounts payable within one year | 42/48 | €29,723 | €52,041 | +€22,318 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | €8,302 | €15,312 | +€7,010 | +84.4% |
| Trade debts | 44 | - | €12,685 | +€12,685 | |
| Suppliers | 440/4 | - | €12,685 | +€12,685 | |
| Taxes, remuneration and social security | 45 | €21,420 | €24,044 | +€2,623 | +12.2% |
| Taxes | 450/3 | €21,420 | €24,044 | +€2,623 | +12.2% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,709 | €7,709 | = | 0.0% |
| Other operating charges | 640/8 | €1,069 | €1,167 | +€98 | +9.2% |
| Gross operating margin | 9900 | €46,160 | €81,688 | +€35,528 | +77.0% |
| Operating profit (loss) | 9901 | €37,382 | €72,812 | +€35,430 | +94.8% |
| Financial income | 75/76B | €59 | €797 | +€737 | +1,242% |
| Recurring financial income | 75 | €59 | €797 | +€737 | +1,242% |
| Financial charges | 65/66B | €1,382 | €1,016 | -€366 | -26.5% |
| Recurring financial charges | 65 | €1,382 | €1,016 | -€366 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €36,060 | €72,593 | +€36,534 | +101% |
| Income taxes | 67/77 | €8,130 | €13,800 | +€5,670 | +69.7% |
| Profit (loss) for the period | 9904 | €27,930 | €58,794 | +€30,864 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €27,930 | €58,794 | +€30,864 | +111% |
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 18 October 2026 via checked.be.