JUST FRANCO: what changed
JUST FRANCO
Largest movements
- Tangible fixed assets +€35,689
up €35,689 (+80.5%), from €44,338 to €80,027
of which Furniture and vehicles: +€38,215
- Cash -€20,367
down €20,367 (-68.3%), from €29,819 to €9,452
mainly Trade debts (-€124,908) and Investment in fixed assets (net) (-€54,847)
- Receivables within one year +€13,986
up €13,986 (+4.7%), from €298,293 to €312,279
of which Other amounts receivable: +€64,376
- Trade debts -€124,908
down €124,908 (-78.4%), from €159,418 to €34,509
of which Bills of exchange payable: -€117,269
- Reserves +€88,721
new in 2025: €88,721
- Debts after one year +€36,172
new in 2025: €36,172
- Tax, wage and social debts +€18,931
up €18,931 (+101%), from €18,816 to €37,747
- Current portion of long-term debt +€8,342
new in 2025: €8,342
- Turnover +€267,733
up €267,733 (+34.3%), from €779,652 to €1.0m
- Purchases and services +€225,698
up €225,698 (+33.9%), from €665,713 to €891,410
- Gross operating margin +€42,035
up €42,035 (+36.9%), from €113,940 to €155,975
- Taxes +€17,116
up €17,116 (+91.0%), from €18,816 to €35,932
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,001 | €403,258 | +€27,258 | +7.2% |
| Fixed assets | 21/28 | €45,838 | €81,527 | +€35,689 | +77.9% |
| Tangible fixed assets | 22/27 | €44,338 | €80,027 | +€35,689 | +80.5% |
| Plant, machinery and equipment | 23 | €2,526 | - | -€2,526 | |
| Furniture and vehicles | 24 | €41,812 | €80,027 | +€38,215 | +91.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €330,163 | €321,731 | -€8,431 | -2.6% |
| Amounts receivable within one year | 40/41 | €298,293 | €312,279 | +€13,986 | +4.7% |
| Trade receivables | 40 | €109,369 | €58,979 | -€50,390 | -46.1% |
| Other amounts receivable | 41 | €188,924 | €253,300 | +€64,376 | +34.1% |
| Cash at bank and in hand | 54/58 | €29,819 | €9,452 | -€20,367 | -68.3% |
| Deferred charges and accrued income | 490/1 | €2,050 | - | -€2,050 | |
| Total equity and liabilities | 10/49 | €376,001 | €403,258 | +€27,258 | +7.2% |
| Equity | 10/15 | €197,767 | €286,488 | +€88,721 | +44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €88,721 | +€88,721 | |
| Distributable reserves | 133 | - | €88,721 | +€88,721 | |
| Profit (loss) carried forward | 14 | €192,767 | €192,767 | = | 0.0% |
| Amounts payable | 17/49 | €178,234 | €116,771 | -€61,463 | -34.5% |
| Amounts payable after more than one year | 17 | - | €36,172 | +€36,172 | |
| Financial debts | 170/4 | - | €36,172 | +€36,172 | |
| Amounts payable within one year | 42/48 | €178,234 | €80,599 | -€97,635 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,342 | +€8,342 | |
| Trade debts | 44 | €159,418 | €34,509 | -€124,908 | -78.4% |
| Suppliers | 440/4 | €42,149 | €34,509 | -€7,639 | -18.1% |
| Bills of exchange payable | 441 | €117,269 | - | -€117,269 | |
| Taxes, remuneration and social security | 45 | €18,816 | €37,747 | +€18,931 | +101% |
| Taxes | 450/3 | €18,816 | €37,747 | +€18,931 | +101% |
| Turnover | 70 | €779,652 | €1,047,385 | +€267,733 | +34.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €665,713 | €891,410 | +€225,698 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,497 | €19,158 | +€1,661 | +9.5% |
| Other operating charges | 640/8 | €2,353 | €5,186 | +€2,833 | +120% |
| Non-recurring operating charges | 66A | €3,389 | - | -€3,389 | |
| Gross operating margin | 9900 | €113,940 | €155,975 | +€42,035 | +36.9% |
| Operating profit (loss) | 9901 | €90,700 | €131,631 | +€40,931 | +45.1% |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €1,044 | €7,114 | +€6,070 | +581% |
| Recurring financial charges | 65 | €1,044 | €7,114 | +€6,070 | +581% |
| Profit (loss) for the period before taxes | 9903 | €89,656 | €124,653 | +€34,997 | +39.0% |
| Income taxes | 67/77 | €18,816 | €35,932 | +€17,116 | +91.0% |
| Profit (loss) for the period | 9904 | €70,840 | €88,720 | +€17,881 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,840 | €88,720 | +€17,881 | +25.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.