Kfrancoi: what changed
Two fiscal 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.
Kfrancoi
Largest movements
- Receivables within one year +€654,933
up €654,933 (+6367.8%), from €10,285 to €665,218
of which Other amounts receivable: +€647,639
- Cash -€141,994
down €141,994 (-78.7%), from €180,535 to €38,540
mainly Receivables within one year (-€654,933) and Contributions, distributions and other (-€590,000)
- Financial fixed assets +€83,781
up €83,781 (+11.9%), from €704,079 to €787,860
- Other debts +€589,067
up €589,067 (+8159.3%), from €7,220 to €596,287
- Financial income +€416,802
up €416,802 (+231.6%), from €180,000 to €596,802
- Taxes -€15,791
down €15,791 (-98.8%), from €15,978 to €188
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Gross operating margin +€128
up €128 (+2.6%), from -€4,950 to -€4,822
- Depreciation +€104
up €104 (+24.4%), from €427 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.
Cash bridge derived
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 | €897,129 | €1,493,353 | +€596,225 | +66.5% |
| Formation expenses | 20 | €1,532 | €1,149 | -€383 | -25.0% |
| Fixed assets | 21/28 | €704,778 | €788,410 | +€83,633 | +11.9% |
| Tangible fixed assets | 22/27 | €699 | €550 | -€149 | -21.3% |
| Furniture and vehicles | 24 | €699 | €550 | -€149 | -21.3% |
| Financial fixed assets | 28 | €704,079 | €787,860 | +€83,781 | +11.9% |
| Current assets | 29/58 | €190,820 | €703,794 | +€512,975 | +268.8% |
| Amounts receivable within one year | 40/41 | €10,285 | €665,218 | +€654,933 | +6367.8% |
| Trade receivables | 40 | €10,285 | €17,578 | +€7,293 | +70.9% |
| Other amounts receivable | 41 | - | €647,639 | +€647,639 | |
| Cash at bank and in hand | 54/58 | €180,535 | €38,540 | -€141,994 | -78.7% |
| Deferred charges and accrued income | 490/1 | - | €37 | +€37 | |
| Total equity and liabilities | 10/49 | €897,129 | €1,493,353 | +€596,225 | +66.5% |
| Equity | 10/15 | €861,899 | €862,696 | +€797 | +0.1% |
| Contributions | 10/11 | €704,079 | €704,079 | = | 0.0% |
| Reserves | 13 | €157,820 | €157,820 | = | 0.0% |
| Distributable reserves | 133 | €157,820 | €157,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €797 | +€797 | +194304.9% |
| Amounts payable | 17/49 | €35,230 | €630,658 | +€595,428 | +1690.1% |
| Amounts payable within one year | 42/48 | €35,230 | €630,658 | +€595,428 | +1690.1% |
| Trade debts | 44 | €3,453 | €18,205 | +€14,752 | +427.3% |
| Suppliers | 440/4 | €3,453 | €18,205 | +€14,752 | +427.3% |
| Taxes, remuneration and social security | 45 | €24,557 | €16,166 | -€8,391 | -34.2% |
| Taxes | 450/3 | €18,362 | €16,166 | -€2,196 | -12.0% |
| Remuneration and social security | 454/9 | €6,195 | €0 | -€6,195 | -100.0% |
| Other amounts payable | 47/48 | €7,220 | €596,287 | +€589,067 | +8159.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €531 | +€104 | +24.4% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | -€4,950 | -€4,822 | +€128 | +2.6% |
| Operating profit (loss) | 9901 | -€6,149 | -€5,754 | +€396 | +6.4% |
| Financial income | 75/76B | €180,000 | €596,802 | +€416,802 | +231.6% |
| Recurring financial income | 75 | €180,000 | €596,802 | +€416,802 | +231.6% |
| Financial charges | 65/66B | €52 | €64 | +€12 | +23.6% |
| Recurring financial charges | 65 | €52 | €64 | +€12 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €173,799 | €590,984 | +€417,186 | +240.0% |
| Income taxes | 67/77 | €15,978 | €188 | -€15,791 | -98.8% |
| Profit (loss) for the period | 9904 | €157,820 | €590,797 | +€432,976 | +274.3% |
| Profit (loss) for the period to be appropriated | 9905 | €157,820 | €590,797 | +€432,976 | +274.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.