J. FRANSSEN: 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.
J. FRANSSEN
Largest movements
- Receivables within one year -€88,176
down €88,176 (-67.9%), from €129,825 to €41,649
of which Other amounts receivable: -€73,798
- Cash +€73,803
up €73,803 (+2,503%), from €2,949 to €76,752
mainly Receivables within one year (+€88,176) and Net result for the year (+€5,322)
- Tax, wage and social debts -€7,634
down €7,634 (-59.4%), from €12,859 to €5,225
of which Taxes: -€5,304
- Reserves -€4,700
down €4,700 (-3.0%), from €154,860 to €150,160
of which Distributable reserves: -€4,700
- Other debts -€2,404
down €2,404 (-20.0%), from €12,000 to €9,596
- Gross operating margin -€59,962
down €59,962 (-83.6%), from €71,707 to €11,745
- Financial income -€50,240
down €50,240 (-99.7%), from €50,375 to €135
- Taxes -€11,473
down €11,473 (-84.5%), from €13,573 to €2,100
- Financial charges +€890
up €890 (+375%), from €237 to €1,128
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 | €225,576 | €210,852 | -€14,723 | -6.5% |
| Fixed assets | 21/28 | €89,601 | €90,260 | +€659 | +0.7% |
| Tangible fixed assets | 22/27 | €14,601 | €15,260 | +€659 | +4.5% |
| Plant, machinery and equipment | 23 | €13,216 | €11,616 | -€1,600 | -12.1% |
| Furniture and vehicles | 24 | €1,385 | €3,643 | +€2,259 | +163% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €135,974 | €120,592 | -€15,382 | -11.3% |
| Amounts receivable within one year | 40/41 | €129,825 | €41,649 | -€88,176 | -67.9% |
| Trade receivables | 40 | €14,881 | €503 | -€14,378 | -96.6% |
| Other amounts receivable | 41 | €114,944 | €41,146 | -€73,798 | -64.2% |
| Cash at bank and in hand | 54/58 | €2,949 | €76,752 | +€73,803 | +2,503% |
| Deferred charges and accrued income | 490/1 | €3,201 | €2,191 | -€1,009 | -31.5% |
| Total equity and liabilities | 10/49 | €225,576 | €210,852 | -€14,723 | -6.5% |
| Equity | 10/15 | €200,710 | €196,032 | -€4,678 | -2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €154,860 | €150,160 | -€4,700 | -3.0% |
| 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 | €153,000 | €148,300 | -€4,700 | -3.1% |
| Profit (loss) carried forward | 14 | €33,450 | €33,472 | +€22 | +0.1% |
| Amounts payable | 17/49 | €24,866 | €14,821 | -€10,045 | -40.4% |
| Amounts payable within one year | 42/48 | €24,859 | €14,821 | -€10,038 | -40.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,859 | €5,225 | -€7,634 | -59.4% |
| Taxes | 450/3 | €10,529 | €5,225 | -€5,304 | -50.4% |
| Remuneration and social security | 454/9 | €2,330 | - | -€2,330 | |
| Other amounts payable | 47/48 | €12,000 | €9,596 | -€2,404 | -20.0% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,306 | €2,361 | +€55 | +2.4% |
| Other operating charges | 640/8 | €776 | €970 | +€194 | +24.9% |
| Gross operating margin | 9900 | €71,707 | €11,745 | -€59,962 | -83.6% |
| Operating profit (loss) | 9901 | €68,624 | €8,414 | -€60,210 | -87.7% |
| Financial income | 75/76B | €50,375 | €135 | -€50,240 | -99.7% |
| Recurring financial income | 75 | €50,375 | €135 | -€50,240 | -99.7% |
| Financial charges | 65/66B | €237 | €1,128 | +€890 | +375% |
| Recurring financial charges | 65 | €237 | €1,128 | +€890 | +375% |
| Profit (loss) for the period before taxes | 9903 | €118,762 | €7,422 | -€111,340 | -93.8% |
| Income taxes | 67/77 | €13,573 | €2,100 | -€11,473 | -84.5% |
| Profit (loss) for the period | 9904 | €105,189 | €5,322 | -€99,867 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,189 | €5,322 | -€99,867 | -94.9% |
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 26 October 2026 via checked.be.