GUY FRANCESCHI CONSULT: 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.
GUY FRANCESCHI CONSULT
Largest movements
- Current investments +€62,847
up €62,847 (+125%), from €50,130 to €112,977
- Cash -€40,286
down €40,286 (-60.0%), from €67,177 to €26,891
mainly Current investments (-€62,847) and Smaller working-capital items (-€185)
- Reserves +€18,986
up €18,986 (+38.7%), from €49,073 to €68,059
- Other debts +€2,769
up €2,769 (+396%), from €700 to €3,469
- Financial income +€19,742
up €19,742 (+385%), from €5,129 to €24,872
of which Financial income: +€20,090
- Financial charges -€10,548
down €10,548 (-96.6%), from €10,916 to €368
- Gross operating margin +€6,692
up €6,692 (+74.2%), from -€9,022 to -€2,330
- Taxes +€1,896
up €1,896 (+64,043%), from €3 to €1,899
- Other operating charges -€283
down €283 (-34.7%), from €814 to €531
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 | €126,084 | €148,131 | +€22,047 | +17.5% |
| Fixed assets | 21/28 | €4,218 | €3,461 | -€757 | -17.9% |
| Tangible fixed assets | 22/27 | €4,218 | €3,461 | -€757 | -17.9% |
| Furniture and vehicles | 24 | €233 | €0 | -€233 | -100% |
| Other tangible fixed assets | 26 | €3,985 | €3,461 | -€524 | -13.1% |
| Current assets | 29/58 | €121,866 | €144,670 | +€22,804 | +18.7% |
| Amounts receivable within one year | 40/41 | €4,372 | €4,505 | +€132 | +3.0% |
| Trade receivables | 40 | €2,484 | €4,419 | +€1,935 | +77.9% |
| Other amounts receivable | 41 | €1,888 | €86 | -€1,802 | -95.5% |
| Current investments | 50/53 | €50,130 | €112,977 | +€62,847 | +125% |
| Cash at bank and in hand | 54/58 | €67,177 | €26,891 | -€40,286 | -60.0% |
| Deferred charges and accrued income | 490/1 | €187 | €298 | +€111 | +59.2% |
| Total equity and liabilities | 10/49 | €126,084 | €148,131 | +€22,047 | +17.5% |
| Equity | 10/15 | €124,725 | €143,654 | +€18,929 | +15.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €49,073 | €68,059 | +€18,986 | +38.7% |
| Distributable reserves | 133 | €49,073 | €68,059 | +€18,986 | +38.7% |
| Profit (loss) carried forward | 14 | €60,779 | €60,721 | -€58 | -0.1% |
| Amounts payable | 17/49 | €1,359 | €4,478 | +€3,119 | +229% |
| Amounts payable within one year | 42/48 | €1,359 | €4,478 | +€3,119 | +229% |
| Trade debts | 44 | €659 | €717 | +€58 | +8.7% |
| Suppliers | 440/4 | €659 | €717 | +€58 | +8.7% |
| Taxes, remuneration and social security | 45 | - | €292 | +€292 | |
| Taxes | 450/3 | - | €292 | +€292 | |
| Other amounts payable | 47/48 | €700 | €3,469 | +€2,769 | +396% |
| Non-recurring operating income | 76A | - | €929 | +€929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €757 | -€235 | -23.7% |
| Other operating charges | 640/8 | €814 | €531 | -€283 | -34.7% |
| Gross operating margin | 9900 | -€9,022 | -€2,330 | +€6,692 | +74.2% |
| Operating profit (loss) | 9901 | -€10,828 | -€3,619 | +€7,209 | +66.6% |
| Financial income | 75/76B | €5,129 | €24,872 | +€19,742 | +385% |
| Recurring financial income | 75 | €4,782 | €24,872 | +€20,090 | +420% |
| Non-recurring financial income | 76B | €348 | - | -€348 | |
| Financial charges | 65/66B | €10,916 | €368 | -€10,548 | -96.6% |
| Recurring financial charges | 65 | €10,916 | €368 | -€10,548 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,614 | €20,885 | +€37,499 | |
| Income taxes | 67/77 | €3 | €1,899 | +€1,896 | +64,043% |
| Profit (loss) for the period | 9904 | -€16,617 | €18,986 | +€35,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,617 | €18,986 | +€35,604 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.