ENCADREMENT - FRAMING: what changed
ENCADREMENT - FRAMING
Largest movements
- Cash -€7,886
down €7,886 (-33.4%), from €23,628 to €15,742
mainly Stocks and contracts (-€5,908) and Net result for the year (-€3,550)
- Stocks and contracts +€5,908
up €5,908 (+14.8%), from €39,914 to €45,822
- Receivables within one year -€1,835
down €1,835 (-64.6%), from €2,841 to €1,006
of which Trade receivables: -€1,650
- Tangible fixed assets -€1,478
down €1,478 (-26.1%), from €5,672 to €4,194
of which Other tangible fixed assets: -€1,457
- Deferred charges and accrued income +€869
up €869 (+243%), from €357 to €1,226
- Profit (loss) carried forward -€3,550
down €3,550 (-9.5%), from -€37,383 to -€40,933
- Trade debts -€1,539
down €1,539 (-57.2%), from €2,692 to €1,153
- Tax, wage and social debts +€1,093
up €1,093 (+88.4%), from €1,237 to €2,330
- Gross operating margin -€5,554
down €5,554, from €4,330 to -€1,224
- Financial charges +€290
up €290 (+282%), from €103 to €393
- Depreciation -€200
down €200 (-11.9%), from €1,678 to €1,478
- Financial income +€75
up €75 (+3,750%), from €2 to €77
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 | €72,412 | €67,990 | -€4,422 | -6.1% |
| Fixed assets | 21/28 | €5,672 | €4,194 | -€1,478 | -26.1% |
| Tangible fixed assets | 22/27 | €5,672 | €4,194 | -€1,478 | -26.1% |
| Plant, machinery and equipment | 23 | €21 | - | -€21 | |
| Other tangible fixed assets | 26 | €5,651 | €4,194 | -€1,457 | -25.8% |
| Current assets | 29/58 | €66,740 | €63,796 | -€2,944 | -4.4% |
| Stocks and contracts in progress | 3 | €39,914 | €45,822 | +€5,908 | +14.8% |
| Stocks | 30/36 | €39,914 | €45,822 | +€5,908 | +14.8% |
| Amounts receivable within one year | 40/41 | €2,841 | €1,006 | -€1,835 | -64.6% |
| Trade receivables | 40 | €2,656 | €1,006 | -€1,650 | -62.1% |
| Other amounts receivable | 41 | €185 | - | -€185 | |
| Cash at bank and in hand | 54/58 | €23,628 | €15,742 | -€7,886 | -33.4% |
| Deferred charges and accrued income | 490/1 | €357 | €1,226 | +€869 | +243% |
| Total equity and liabilities | 10/49 | €72,412 | €67,990 | -€4,422 | -6.1% |
| Equity | 10/15 | €68,046 | €64,496 | -€3,550 | -5.2% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Reserves | 13 | €1,314 | €1,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,132 | €1,132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,132 | €1,132 | = | 0.0% |
| Tax-exempt reserves | 132 | €182 | €182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,383 | -€40,933 | -€3,550 | -9.5% |
| Amounts payable | 17/49 | €4,366 | €3,494 | -€872 | -20.0% |
| Amounts payable within one year | 42/48 | €4,149 | €3,494 | -€655 | -15.8% |
| Trade debts | 44 | €2,692 | €1,153 | -€1,539 | -57.2% |
| Suppliers | 440/4 | €2,692 | €1,153 | -€1,539 | -57.2% |
| Taxes, remuneration and social security | 45 | €1,237 | €2,330 | +€1,093 | +88.4% |
| Taxes | 450/3 | €1,237 | €2,330 | +€1,093 | +88.4% |
| Other amounts payable | 47/48 | €220 | €11 | -€209 | -95.0% |
| Accrued charges and deferred income | 492/3 | €217 | - | -€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €1,478 | -€200 | -11.9% |
| Other operating charges | 640/8 | €550 | €532 | -€18 | -3.3% |
| Gross operating margin | 9900 | €4,330 | -€1,224 | -€5,554 | |
| Operating profit (loss) | 9901 | €2,102 | -€3,234 | -€5,336 | |
| Financial income | 75/76B | €2 | €77 | +€75 | +3,750% |
| Recurring financial income | 75 | €2 | €77 | +€75 | +3,750% |
| Financial charges | 65/66B | €103 | €393 | +€290 | +282% |
| Recurring financial charges | 65 | €103 | €393 | +€290 | +282% |
| Profit (loss) for the period before taxes | 9903 | €2,001 | -€3,550 | -€5,551 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €2,001 | -€3,550 | -€5,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,001 | -€3,550 | -€5,551 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.