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.
What changed
FRANCK
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€23,404
2023 · €18,534+€4,870
Equity
€87,927
2023 · €64,523+€23,404
Cash
€7,484
2023 · €6,068+€1,416
Balance sheet total
€2.9m
2023 · €3.0m-€50,245
Largest movements
Assets
- Receivables within one year -€62,968
down €62,968 (-34.2%), from €184,142 to €121,173
of which Trade receivables: -€62,967
Equity and liabilities
- Other debts +€94,293
up €94,293 (+5.0%), from €1.9m to €2.0m
- Accrued charges and deferred income -€85,428
down €85,428 (-98.4%), from €86,797 to €1,369
- Debts after one year -€66,667
down €66,667 (-8.8%), from €761,111 to €694,445
Income statement
- Financial charges +€38,854
up €38,854 (+31.6%), from €123,065 to €161,920
- Gross operating margin +€36,625
up €36,625 (+12.8%), from €287,006 to €323,631
- Staff costs -€6,188
down €6,188 (-4.9%), from €126,953 to €120,765
From the 2023 result to the 2024 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 2023
€18,534
Gross operating margin
+€36,625
Staff costs
+€6,188
Depreciation
-€1,069
Other operating charges
-€102
Other operating items
+€376
Financial income
+€451
Financial charges
-€38,854
Taxes
+€1,255
Result 2024
€23,404
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€71,031
Investment
-€2,948
Financing
-€66,667
Cash 2023
€6,068
From operations (derived)
+€71,031
Net result for the year
+€23,404
Depreciation
+€1,825
Receivables within one year
+€62,968
Deferred charges and accrued income
-€10,185
Trade debts
-€3,883
Tax, wage and social debts
-€12,309
Advances received
+€344
Other debts
+€94,293
Accrued charges and deferred income
-€85,428
Investment (derived)
-€2,948
Investment in fixed assets (net)
-€2,948
Financing
-€66,667
Debts after one year
-€66,667
Cash 2024
€7,484
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,974,555 | €2,924,310 | -€50,245 | -1.7% |
| Fixed assets | 21/28 | €2,752,681 | €2,753,804 | +€1,123 | 0.0% |
| Tangible fixed assets | 22/27 | €2,681 | €3,804 | +€1,123 | +41.9% |
| Furniture and vehicles | 24 | €2,681 | €3,804 | +€1,123 | +41.9% |
| Financial fixed assets | 28 | €2,750,000 | €2,750,000 | = | 0.0% |
| Current assets | 29/58 | €221,874 | €170,506 | -€51,368 | -23.2% |
| Amounts receivable within one year | 40/41 | €184,142 | €121,173 | -€62,968 | -34.2% |
| Trade receivables | 40 | €173,753 | €110,787 | -€62,967 | -36.2% |
| Other amounts receivable | 41 | €10,389 | €10,387 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,068 | €7,484 | +€1,416 | +23.3% |
| Deferred charges and accrued income | 490/1 | €31,664 | €41,849 | +€10,185 | +32.2% |
| Total equity and liabilities | 10/49 | €2,974,555 | €2,924,310 | -€50,245 | -1.7% |
| Equity | 10/15 | €64,523 | €87,927 | +€23,404 | +36.3% |
| Contributions | 10/11 | €18,774 | €18,774 | = | 0.0% |
| Reserves | 13 | €45,749 | €69,153 | +€23,404 | +51.2% |
| Distributable reserves | 133 | €45,749 | €69,153 | +€23,404 | +51.2% |
| Amounts payable | 17/49 | €2,910,032 | €2,836,383 | -€73,649 | -2.5% |
| Amounts payable after more than one year | 17 | €761,111 | €694,445 | -€66,667 | -8.8% |
| Financial debts | 170/4 | €761,111 | €694,445 | -€66,667 | -8.8% |
| Amounts payable within one year | 42/48 | €2,062,124 | €2,140,569 | +€78,445 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €66,667 | €66,667 | = | 0.0% |
| Trade debts | 44 | €7,137 | €3,253 | -€3,883 | -54.4% |
| Suppliers | 440/4 | €7,137 | €3,253 | -€3,883 | -54.4% |
| Advances received on contracts in progress | 46 | - | €344 | +€344 | |
| Taxes, remuneration and social security | 45 | €101,895 | €89,586 | -€12,309 | -12.1% |
| Taxes | 450/3 | €82,696 | €78,514 | -€4,182 | -5.1% |
| Remuneration and social security | 454/9 | €19,199 | €11,072 | -€8,127 | -42.3% |
| Other amounts payable | 47/48 | €1,886,426 | €1,980,718 | +€94,293 | +5.0% |
| Accrued charges and deferred income | 492/3 | €86,797 | €1,369 | -€85,428 | -98.4% |
| Non-recurring operating income | 76A | - | €11,576 | +€11,576 | |
| Remuneration, social security and pensions | 62 | €126,953 | €120,765 | -€6,188 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €1,825 | +€1,069 | +141.4% |
| Other operating charges | 640/8 | €3,899 | €4,000 | +€102 | +2.6% |
| Non-recurring operating charges | 66A | €376 | - | -€376 | |
| Gross operating margin | 9900 | €287,006 | €323,631 | +€36,625 | +12.8% |
| Operating profit (loss) | 9901 | €155,022 | €197,041 | +€42,018 | +27.1% |
| Financial income | 75/76B | €497 | €948 | +€451 | +90.6% |
| Recurring financial income | 75 | €497 | €948 | +€451 | +90.6% |
| Financial charges | 65/66B | €123,065 | €161,920 | +€38,854 | +31.6% |
| Recurring financial charges | 65 | €123,065 | €161,920 | +€38,854 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €32,454 | €36,069 | +€3,614 | +11.1% |
| Income taxes | 67/77 | €13,920 | €12,665 | -€1,255 | -9.0% |
| Profit (loss) for the period | 9904 | €18,534 | €23,404 | +€4,870 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,534 | €23,404 | +€4,870 | +26.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.