Stfran.: 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.
Stfran.
Largest movements
- Cash -€855,246
down €855,246 (-71.5%), from €1.2m to €340,952
mainly Current investments (-€695,260) and Advances received (-€102,098)
- Current investments +€695,260
up €695,260 (+14667.9%), from €4,740 to €700,000
- Advances received -€102,098
down €102,098 (-77.2%), from €132,327 to €30,230
- Trade debts +€61,366
up €61,366 (+86.5%), from €70,911 to €132,278
- Accrued charges and deferred income -€49,000
down €49,000 (-19.4%), from €252,000 to €203,000
- Purchases and services -€205,844
down €205,844 (-33.4%), from €616,586 to €410,743
- Depreciation +€52,978
new in 2023: €52,978
- Turnover -€48,091
down €48,091 (-38.8%), from €124,079 to €75,987
- Gross operating margin -€42,236
down €42,236 (-38.1%), from €110,909 to €68,673
- Other operating charges -€2,126
down €2,126 (-69.8%), from €3,044 to €918
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,002,156 | €2,890,517 | -€111,639 | -3.7% |
| Fixed assets | 21/28 | €1,334,654 | €1,363,754 | +€29,101 | +2.2% |
| Tangible fixed assets | 22/27 | €1,333,754 | €1,362,854 | +€29,101 | +2.2% |
| Land and buildings | 22 | €1,206,017 | €1,206,017 | = | 0.0% |
| Plant, machinery and equipment | 23 | €57,775 | €84,892 | +€27,118 | +46.9% |
| Furniture and vehicles | 24 | €69,961 | €71,944 | +€1,983 | +2.8% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €1,667,503 | €1,526,763 | -€140,740 | -8.4% |
| Stocks and contracts in progress | 3 | €34,091 | €38,710 | +€4,619 | +13.5% |
| Stocks | 30/36 | €34,091 | €38,710 | +€4,619 | +13.5% |
| Amounts receivable within one year | 40/41 | €403,293 | €411,329 | +€8,037 | +2.0% |
| Trade receivables | 40 | €402,841 | €410,878 | +€8,037 | +2.0% |
| Other amounts receivable | 41 | €452 | €452 | = | 0.0% |
| Current investments | 50/53 | €4,740 | €700,000 | +€695,260 | +14667.9% |
| Cash at bank and in hand | 54/58 | €1,196,198 | €340,952 | -€855,246 | -71.5% |
| Deferred charges and accrued income | 490/1 | €29,181 | €35,772 | +€6,591 | +22.6% |
| Total equity and liabilities | 10/49 | €3,002,156 | €2,890,517 | -€111,639 | -3.7% |
| Equity | 10/15 | €2,097,718 | €2,099,435 | +€1,717 | +0.1% |
| Contributions | 10/11 | €244,934 | €244,934 | = | 0.0% |
| Capital | 10 | €244,934 | €244,934 | = | 0.0% |
| Reserves | 13 | €1,157,285 | €1,157,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €695,500 | €697,216 | +€1,717 | +0.2% |
| Amounts payable | 17/49 | €904,438 | €791,082 | -€113,356 | -12.5% |
| Amounts payable after more than one year | 17 | €449,200 | €425,575 | -€23,625 | -5.3% |
| Financial debts | 170/4 | €446,419 | €422,795 | -€23,625 | -5.3% |
| Other amounts payable | 178/9 | €2,780 | €2,780 | = | 0.0% |
| Amounts payable within one year | 42/48 | €203,239 | €162,507 | -€40,731 | -20.0% |
| Trade debts | 44 | €70,911 | €132,278 | +€61,366 | +86.5% |
| Suppliers | 440/4 | €70,911 | €132,278 | +€61,366 | +86.5% |
| Advances received on contracts in progress | 46 | €132,327 | €30,230 | -€102,098 | -77.2% |
| Accrued charges and deferred income | 492/3 | €252,000 | €203,000 | -€49,000 | -19.4% |
| Turnover | 70 | €124,079 | €75,987 | -€48,091 | -38.8% |
| Non-recurring operating income | 76A | €3,980 | - | -€3,980 | |
| Goods, raw materials, services and sundry goods | 60/61 | €616,586 | €410,743 | -€205,844 | -33.4% |
| Remuneration, social security and pensions | 62 | €5,588 | €4,785 | -€803 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €52,978 | +€52,978 | |
| Other operating charges | 640/8 | €3,044 | €918 | -€2,126 | -69.8% |
| Non-recurring operating charges | 66A | €124 | - | -€124 | |
| Gross operating margin | 9900 | €110,909 | €68,673 | -€42,236 | -38.1% |
| Operating profit (loss) | 9901 | €102,153 | €9,991 | -€92,162 | -90.2% |
| Financial income | 75/76B | €117 | €122 | +€5 | +3.9% |
| Recurring financial income | 75 | €117 | €122 | +€5 | +3.9% |
| Financial charges | 65/66B | €9,549 | €8,396 | -€1,153 | -12.1% |
| Recurring financial charges | 65 | €9,549 | €8,396 | -€1,153 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €92,721 | €1,717 | -€91,005 | -98.1% |
| Profit (loss) for the period | 9904 | €92,721 | €1,717 | -€91,005 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,721 | €1,717 | -€91,005 | -98.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.