THOMAS Franck: what changed
THOMAS Franck
Largest movements
- Receivables within one year +€95,948
up €95,948 (+603%), from €15,925 to €111,873
of which Other amounts receivable: +€66,694
- Stocks and contracts -€50,408
down €50,408 (-91.0%), from €55,408 to €5,000
- Tangible fixed assets -€34,313
down €34,313 (-79.8%), from €42,974 to €8,661
of which Plant, machinery and equipment: -€18,505
- Deferred charges and accrued income +€33,220
new in 2025: €33,220
- Cash -€13,445
down €13,445 (-38.1%), from €35,305 to €21,860
mainly Receivables within one year (-€95,948) and Deferred charges and accrued income (-€33,220)
- Trade debts +€37,943
up €37,943 (+76.1%), from €49,848 to €87,791
- Profit (loss) carried forward +€15,357
up €15,357 (+29.7%), from €51,783 to €67,141
- Current portion of long-term debt -€13,128
down €13,128 (-51.9%), from €25,285 to €12,157
- Debts after one year -€12,157
down €12,157 (-77.1%), from €15,771 to €3,615
- Gross operating margin -€9,835
down €9,835 (-15.0%), from €65,605 to €55,771
- Depreciation -€6,868
down €6,868 (-16.7%), from €41,180 to €34,313
- Financial charges -€782
down €782 (-47.8%), from €1,635 to €854
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 | €154,891 | €183,893 | +€29,002 | +18.7% |
| Fixed assets | 21/28 | €48,254 | €11,941 | -€36,313 | -75.3% |
| Tangible fixed assets | 22/27 | €42,974 | €8,661 | -€34,313 | -79.8% |
| Plant, machinery and equipment | 23 | €26,247 | €7,742 | -€18,505 | -70.5% |
| Furniture and vehicles | 24 | €16,727 | €919 | -€15,808 | -94.5% |
| Financial fixed assets | 28 | €5,280 | €3,280 | -€2,000 | -37.9% |
| Current assets | 29/58 | €106,638 | €171,952 | +€65,315 | +61.2% |
| Stocks and contracts in progress | 3 | €55,408 | €5,000 | -€50,408 | -91.0% |
| Stocks | 30/36 | €55,408 | €5,000 | -€50,408 | -91.0% |
| Amounts receivable within one year | 40/41 | €15,925 | €111,873 | +€95,948 | +603% |
| Trade receivables | 40 | €6,827 | €36,081 | +€29,254 | +429% |
| Other amounts receivable | 41 | €9,098 | €75,791 | +€66,694 | +733% |
| Cash at bank and in hand | 54/58 | €35,305 | €21,860 | -€13,445 | -38.1% |
| Deferred charges and accrued income | 490/1 | - | €33,220 | +€33,220 | |
| Total equity and liabilities | 10/49 | €154,891 | €183,893 | +€29,002 | +18.7% |
| Equity | 10/15 | €54,783 | €70,141 | +€15,357 | +28.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,783 | €67,141 | +€15,357 | +29.7% |
| Amounts payable | 17/49 | €100,108 | €113,752 | +€13,644 | +13.6% |
| Amounts payable after more than one year | 17 | €15,771 | €3,615 | -€12,157 | -77.1% |
| Financial debts | 170/4 | €15,771 | €3,615 | -€12,157 | -77.1% |
| Amounts payable within one year | 42/48 | €84,336 | €110,137 | +€25,801 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €25,285 | €12,157 | -€13,128 | -51.9% |
| Trade debts | 44 | €49,848 | €87,791 | +€37,943 | +76.1% |
| Suppliers | 440/4 | €49,848 | €87,791 | +€37,943 | +76.1% |
| Taxes, remuneration and social security | 45 | €9,204 | €10,190 | +€986 | +10.7% |
| Taxes | 450/3 | €9,204 | €10,190 | +€986 | +10.7% |
| Non-recurring operating income | 76A | - | €31,400 | +€31,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,180 | €34,313 | -€6,868 | -16.7% |
| Other operating charges | 640/8 | - | €350 | +€350 | |
| Gross operating margin | 9900 | €65,605 | €55,771 | -€9,835 | -15.0% |
| Operating profit (loss) | 9901 | €24,425 | €21,108 | -€3,317 | -13.6% |
| Financial income | 75/76B | €1,237 | €986 | -€251 | -20.3% |
| Recurring financial income | 75 | €1,237 | €986 | -€251 | -20.3% |
| Financial charges | 65/66B | €1,635 | €854 | -€782 | -47.8% |
| Recurring financial charges | 65 | €1,635 | €854 | -€782 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €24,027 | €21,241 | -€2,786 | -11.6% |
| Income taxes | 67/77 | €6,381 | €5,884 | -€497 | -7.8% |
| Profit (loss) for the period | 9904 | €17,646 | €15,357 | -€2,289 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,646 | €15,357 | -€2,289 | -13.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.