Simon Franckx: 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.
Simon Franckx
Largest movements
- Receivables within one year -€23,769
down €23,769 (-58.0%), from €40,989 to €17,220
of which Other amounts receivable: -€35,738
- Tangible fixed assets -€22,808
down €22,808 (-10.6%), from €215,348 to €192,539
- Cash +€10,656
up €10,656 (+147%), from €7,250 to €17,906
mainly Depreciation (+€30,213) and Receivables within one year (+€23,769)
- Other debts -€19,513
down €19,513 (-96.0%), from €20,320 to €806
- Debts after one year -€18,761
down €18,761 (-12.1%), from €154,971 to €136,210
- Reserves +€10,312
up €10,312 (+15.5%), from €66,570 to €76,882
- Trade debts -€7,668
down €7,668 (-75.0%), from €10,220 to €2,552
- Gross operating margin +€60,408
up €60,408 (+116%), from €51,897 to €112,304
- Staff costs +€38,258
up €38,258 (+531%), from €7,199 to €45,457
- Taxes +€11,905
up €11,905 (+347%), from €3,427 to €15,332
- Depreciation +€6,537
up €6,537 (+27.6%), from €23,676 to €30,213
- Financial charges -€2,116
down €2,116 (-17.4%), from €12,153 to €10,037
of which Non-recurring financial charges: -€1,838
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 | €286,036 | €251,323 | -€34,713 | -12.1% |
| Fixed assets | 21/28 | €215,348 | €192,539 | -€22,808 | -10.6% |
| Tangible fixed assets | 22/27 | €215,348 | €192,539 | -€22,808 | -10.6% |
| Land and buildings | 22 | €163,227 | €152,199 | -€11,028 | -6.8% |
| Plant, machinery and equipment | 23 | €7,394 | €5,252 | -€2,142 | -29.0% |
| Furniture and vehicles | 24 | €37,048 | €28,644 | -€8,404 | -22.7% |
| Other tangible fixed assets | 26 | €7,679 | €6,445 | -€1,235 | -16.1% |
| Current assets | 29/58 | €70,689 | €58,784 | -€11,905 | -16.8% |
| Stocks and contracts in progress | 3 | €16,479 | €18,803 | +€2,324 | +14.1% |
| Stocks | 30/36 | €16,479 | €18,803 | +€2,324 | +14.1% |
| Amounts receivable within one year | 40/41 | €40,989 | €17,220 | -€23,769 | -58.0% |
| Trade receivables | 40 | €535 | €12,505 | +€11,970 | +2,236% |
| Other amounts receivable | 41 | €40,454 | €4,715 | -€35,738 | -88.3% |
| Cash at bank and in hand | 54/58 | €7,250 | €17,906 | +€10,656 | +147% |
| Deferred charges and accrued income | 490/1 | €5,971 | €4,855 | -€1,116 | -18.7% |
| Total equity and liabilities | 10/49 | €286,036 | €251,323 | -€34,713 | -12.1% |
| Equity | 10/15 | €72,943 | €83,082 | +€10,139 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,570 | €76,882 | +€10,312 | +15.5% |
| Distributable reserves | 133 | €66,570 | €76,882 | +€10,312 | +15.5% |
| Profit (loss) carried forward | 14 | €173 | €0 | -€173 | -100% |
| Amounts payable | 17/49 | €213,093 | €168,241 | -€44,852 | -21.0% |
| Amounts payable after more than one year | 17 | €154,971 | €136,210 | -€18,761 | -12.1% |
| Financial debts | 170/4 | €154,971 | €136,210 | -€18,761 | -12.1% |
| Amounts payable within one year | 42/48 | €58,122 | €32,031 | -€26,091 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €17,945 | €18,761 | +€816 | +4.5% |
| Trade debts | 44 | €10,220 | €2,552 | -€7,668 | -75.0% |
| Suppliers | 440/4 | €10,220 | €2,552 | -€7,668 | -75.0% |
| Taxes, remuneration and social security | 45 | €9,637 | €9,912 | +€275 | +2.9% |
| Taxes | 450/3 | €7,533 | €6,569 | -€964 | -12.8% |
| Remuneration and social security | 454/9 | €2,105 | €3,343 | +€1,239 | +58.9% |
| Other amounts payable | 47/48 | €20,320 | €806 | -€19,513 | -96.0% |
| Remuneration, social security and pensions | 62 | €7,199 | €45,457 | +€38,258 | +531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,676 | €30,213 | +€6,537 | +27.6% |
| Other operating charges | 640/8 | €976 | €1,137 | +€161 | +16.4% |
| Gross operating margin | 9900 | €51,897 | €112,304 | +€60,408 | +116% |
| Operating profit (loss) | 9901 | €20,046 | €35,498 | +€15,452 | +77.1% |
| Financial income | 75/76B | €2 | €10 | +€8 | +436% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +436% |
| Financial charges | 65/66B | €12,153 | €10,037 | -€2,116 | -17.4% |
| Recurring financial charges | 65 | €10,316 | €10,037 | -€278 | -2.7% |
| Non-recurring financial charges | 66B | €1,838 | €0 | -€1,838 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,894 | €25,470 | +€17,576 | +223% |
| Income taxes | 67/77 | €3,427 | €15,332 | +€11,905 | +347% |
| Profit (loss) for the period | 9904 | €4,468 | €10,139 | +€5,671 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €4,468 | €10,139 | +€5,671 | +127% |
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 27 October 2026 via checked.be.