JUST FRANSSEN: what changed
JUST FRANSSEN
Largest movements
- Stocks and contracts +€132,649
up €132,649 (+49.4%), from €268,666 to €401,315
of which Stocks: +€91,814
- Cash +€108,623
up €108,623 (+1,319%), from €8,237 to €116,860
mainly Other debts (+€133,274) and Trade debts (+€82,575)
- Tangible fixed assets -€95,146
down €95,146 (-54.3%), from €175,282 to €80,136
of which Furniture and vehicles: -€79,625
- Receivables within one year +€66,592
up €66,592 (+38.6%), from €172,388 to €238,979
of which Other amounts receivable: +€101,770
- Other debts +€133,274
up €133,274 (+78.3%), from €170,130 to €303,404
- Trade debts +€82,575
up €82,575 (+41.2%), from €200,463 to €283,038
- Debts after one year -€55,808
down €55,808 (-74.6%), from €74,849 to €19,040
- Tax, wage and social debts +€42,712
up €42,712 (+214%), from €19,986 to €62,698
of which Taxes: +€35,008
- Profit (loss) carried forward +€32,377
up €32,377 (+66.1%), from -€49,002 to -€16,625
- Gross operating margin +€172,113
up €172,113 (+56.9%), from €302,686 to €474,798
- Taxes +€24,519
up €24,519 (+317%), from €7,744 to €32,264
- Other operating charges +€23,803
up €23,803 (+141%), from €16,840 to €40,644
- Staff costs +€15,517
up €15,517 (+7.9%), from €196,556 to €212,073
- Depreciation -€12,765
down €12,765 (-27.1%), from €47,068 to €34,303
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 | €624,573 | €838,129 | +€213,555 | +34.2% |
| Fixed assets | 21/28 | €175,282 | €80,136 | -€95,146 | -54.3% |
| Tangible fixed assets | 22/27 | €175,282 | €80,136 | -€95,146 | -54.3% |
| Plant, machinery and equipment | 23 | €2,561 | €4,954 | +€2,393 | +93.5% |
| Furniture and vehicles | 24 | €119,754 | €40,129 | -€79,625 | -66.5% |
| Leasing and similar rights | 25 | €52,968 | €35,053 | -€17,915 | -33.8% |
| Current assets | 29/58 | €449,291 | €757,992 | +€308,701 | +68.7% |
| Stocks and contracts in progress | 3 | €268,666 | €401,315 | +€132,649 | +49.4% |
| Stocks | 30/36 | €20,313 | €112,127 | +€91,814 | +452% |
| Contracts in progress | 37 | €248,353 | €289,188 | +€40,835 | +16.4% |
| Amounts receivable within one year | 40/41 | €172,388 | €238,979 | +€66,592 | +38.6% |
| Trade receivables | 40 | €115,493 | €80,315 | -€35,179 | -30.5% |
| Other amounts receivable | 41 | €56,894 | €158,665 | +€101,770 | +179% |
| Cash at bank and in hand | 54/58 | €8,237 | €116,860 | +€108,623 | +1,319% |
| Deferred charges and accrued income | 490/1 | - | €838 | +€838 | |
| Total equity and liabilities | 10/49 | €624,573 | €838,129 | +€213,555 | +34.2% |
| Equity | 10/15 | €69,754 | €102,131 | +€32,377 | +46.4% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €157 | €157 | = | 0.0% |
| Distributable reserves | 133 | €157 | €157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,002 | -€16,625 | +€32,377 | +66.1% |
| Amounts payable | 17/49 | €554,819 | €735,997 | +€181,179 | +32.7% |
| Amounts payable after more than one year | 17 | €74,849 | €19,040 | -€55,808 | -74.6% |
| Financial debts | 170/4 | €74,849 | €19,040 | -€55,808 | -74.6% |
| Amounts payable within one year | 42/48 | €479,970 | €716,957 | +€236,987 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €39,391 | €17,817 | -€21,574 | -54.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €200,463 | €283,038 | +€82,575 | +41.2% |
| Suppliers | 440/4 | €200,463 | €283,038 | +€82,575 | +41.2% |
| Taxes, remuneration and social security | 45 | €19,986 | €62,698 | +€42,712 | +214% |
| Taxes | 450/3 | €7,744 | €42,752 | +€35,008 | +452% |
| Remuneration and social security | 454/9 | €12,242 | €19,945 | +€7,704 | +62.9% |
| Other amounts payable | 47/48 | €170,130 | €303,404 | +€133,274 | +78.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €196,556 | €212,073 | +€15,517 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,068 | €34,303 | -€12,765 | -27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €985 | +€985 | |
| Other operating charges | 640/8 | €16,840 | €40,644 | +€23,803 | +141% |
| Non-recurring operating charges | 66A | €3,000 | €108,521 | +€105,521 | +3,517% |
| Gross operating margin | 9900 | €302,686 | €474,798 | +€172,113 | +56.9% |
| Operating profit (loss) | 9901 | €39,222 | €78,273 | +€39,051 | +99.6% |
| Financial income | 75/76B | €3,786 | €1,845 | -€1,941 | -51.3% |
| Recurring financial income | 75 | €3,786 | €1,845 | -€1,941 | -51.3% |
| Financial charges | 65/66B | €16,606 | €15,477 | -€1,129 | -6.8% |
| Recurring financial charges | 65 | €16,606 | €15,477 | -€1,129 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €26,401 | €64,640 | +€38,239 | +145% |
| Income taxes | 67/77 | €7,744 | €32,264 | +€24,519 | +317% |
| Profit (loss) for the period | 9904 | €18,657 | €32,377 | +€13,720 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,657 | €32,377 | +€13,720 | +73.5% |
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 1 November 2026 via checked.be.