STUDIO FRANCINE.COM: 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.
What changed
STUDIO FRANCINE.COM
NACE 47.742, Retail sale of prescription glasses, lenses and sunglasses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€999
2024 · €26,597-€27,596
Equity
€222,547
2024 · €223,875-€1,329
Cash
€12,306
2024 · €11,889+€417
Balance sheet total
€953,220
2024 · €911,756+€41,464
Largest movements
Assets
- Stocks and contracts +€54,920
up €54,920 (+13.6%), from €404,826 to €459,745
- Tangible fixed assets -€25,605
down €25,605 (-9.3%), from €273,888 to €248,283
of which Plant, machinery and equipment: -€14,166
Equity and liabilities
- Debts after one year +€61,492
up €61,492 (+17.8%), from €345,121 to €406,613
of which Other amounts payable: +€83,300
- Other debts -€32,258
down €32,258 (-37.2%), from €86,738 to €54,480
- Trade debts +€31,110
up €31,110 (+28.1%), from €110,521 to €141,631
Income statement
- Gross operating margin -€27,608
down €27,608 (-11.8%), from €233,845 to €206,237
- Staff costs +€8,566
up €8,566 (+6.0%), from €143,176 to €151,742
- Taxes -€5,874
down €5,874 (-55.0%), from €10,672 to €4,798
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.
Result 2024
€26,597
Gross operating margin
-€27,608
Staff costs
-€8,566
Depreciation
+€333
Other operating charges
+€1,726
Other operating items
+€666
Financial income
+€372
Financial charges
-€393
Taxes
+€5,874
Result 2025
-€999
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€52,086
Investment
-€96
Financing
+€52,599
Cash 2024
€11,889
From operations (derived)
-€52,086
Net result for the year
-€999
Depreciation
+€25,701
Stocks and contracts
-€54,920
Receivables within one year
-€5,790
Deferred charges and accrued income
-€5,942
Trade debts
+€31,110
Tax, wage and social debts
-€8,349
Other debts
-€32,258
Accrued charges and deferred income
-€640
Investment (derived)
-€96
Investment in fixed assets (net)
-€96
Financing
+€52,599
Debts after one year
+€61,492
Current portion of long-term debt
+€890
Short-term financial debts
-€9,452
Contributions, distributions and other
-€330
Cash 2025
€12,306
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €911,756 | €953,220 | +€41,464 | +4.5% |
| Fixed assets | 21/28 | €275,968 | €250,363 | -€25,605 | -9.3% |
| Tangible fixed assets | 22/27 | €273,888 | €248,283 | -€25,605 | -9.3% |
| Plant, machinery and equipment | 23 | €228,131 | €213,965 | -€14,166 | -6.2% |
| Furniture and vehicles | 24 | €45,756 | €34,317 | -€11,439 | -25.0% |
| Financial fixed assets | 28 | €2,080 | €2,080 | = | 0.0% |
| Current assets | 29/58 | €635,788 | €702,857 | +€67,069 | +10.5% |
| Stocks and contracts in progress | 3 | €404,826 | €459,745 | +€54,920 | +13.6% |
| Stocks | 30/36 | €404,826 | €459,745 | +€54,920 | +13.6% |
| Amounts receivable within one year | 40/41 | €216,940 | €222,731 | +€5,790 | +2.7% |
| Trade receivables | 40 | €216,581 | €220,993 | +€4,413 | +2.0% |
| Other amounts receivable | 41 | €360 | €1,737 | +€1,378 | +383% |
| Cash at bank and in hand | 54/58 | €11,889 | €12,306 | +€417 | +3.5% |
| Deferred charges and accrued income | 490/1 | €2,133 | €8,075 | +€5,942 | +279% |
| Total equity and liabilities | 10/49 | €911,756 | €953,220 | +€41,464 | +4.5% |
| Equity | 10/15 | €223,875 | €222,547 | -€1,329 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,077 | €201,078 | -€999 | -0.5% |
| Investment grants | 15 | €1,338 | €1,008 | -€330 | -24.7% |
| Amounts payable | 17/49 | €687,881 | €730,674 | +€42,792 | +6.2% |
| Amounts payable after more than one year | 17 | €345,121 | €406,613 | +€61,492 | +17.8% |
| Financial debts | 170/4 | €48,421 | €26,613 | -€21,808 | -45.0% |
| Other amounts payable | 178/9 | €296,700 | €380,000 | +€83,300 | +28.1% |
| Amounts payable within one year | 42/48 | €340,875 | €322,816 | -€18,059 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €20,927 | €21,817 | +€890 | +4.3% |
| Financial debts | 43 | €55,275 | €45,823 | -€9,452 | -17.1% |
| Credit institutions | 430/8 | €55,275 | €45,823 | -€9,452 | -17.1% |
| Trade debts | 44 | €110,521 | €141,631 | +€31,110 | +28.1% |
| Suppliers | 440/4 | €110,521 | €141,631 | +€31,110 | +28.1% |
| Taxes, remuneration and social security | 45 | €67,414 | €59,065 | -€8,349 | -12.4% |
| Taxes | 450/3 | €49,006 | €38,769 | -€10,237 | -20.9% |
| Remuneration and social security | 454/9 | €18,408 | €20,296 | +€1,888 | +10.3% |
| Other amounts payable | 47/48 | €86,738 | €54,480 | -€32,258 | -37.2% |
| Accrued charges and deferred income | 492/3 | €1,885 | €1,244 | -€640 | -34.0% |
| Non-recurring operating income | 76A | €9,205 | €5,233 | -€3,972 | -43.2% |
| Remuneration, social security and pensions | 62 | €143,176 | €151,742 | +€8,566 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,034 | €25,701 | -€333 | -1.3% |
| Other operating charges | 640/8 | €13,545 | €11,820 | -€1,726 | -12.7% |
| Non-recurring operating charges | 66A | €666 | - | -€666 | |
| Gross operating margin | 9900 | €233,845 | €206,237 | -€27,608 | -11.8% |
| Operating profit (loss) | 9901 | €50,423 | €16,974 | -€33,449 | -66.3% |
| Financial income | 75/76B | €2,025 | €2,397 | +€372 | +18.4% |
| Recurring financial income | 75 | €2,025 | €2,397 | +€372 | +18.4% |
| Financial charges | 65/66B | €15,179 | €15,572 | +€393 | +2.6% |
| Recurring financial charges | 65 | €15,179 | €15,572 | +€393 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €37,270 | €3,799 | -€33,470 | -89.8% |
| Income taxes | 67/77 | €10,672 | €4,798 | -€5,874 | -55.0% |
| Profit (loss) for the period | 9904 | €26,597 | -€999 | -€27,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,597 | -€999 | -€27,596 |
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 24 October 2026 via checked.be.