FRAM INVEST: what changed
FRAM INVEST
Largest movements
- Receivables within one year +€65,102
up €65,102 (+70.2%), from €92,699 to €157,801
of which Other amounts receivable: +€92,229
- Tangible fixed assets -€13,576
down €13,576 (-2.8%), from €485,551 to €471,976
- Debts after one year +€19,545
up €19,545 (+5.1%), from €381,743 to €401,288
- Trade debts +€12,729
up €12,729 (+25.1%), from €50,787 to €63,516
of which Bills of exchange payable: +€38,000
- Other debts +€11,881
up €11,881 (+9.1%), from €130,210 to €142,090
- Gross operating margin +€35,361
up €35,361 (+212%), from €16,708 to €52,069
- Financial charges +€12,644
up €12,644 (+127%), from €9,947 to €22,591
- Other operating charges +€8,274
up €8,274 (+171%), from €4,848 to €13,122
- Depreciation +€8,132
up €8,132 (+149%), from €5,443 to €13,576
- Taxes +€889
new in 2025: €889
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 | €579,642 | €635,274 | +€55,632 | +9.6% |
| Fixed assets | 21/28 | €485,551 | €471,976 | -€13,576 | -2.8% |
| Tangible fixed assets | 22/27 | €485,551 | €471,976 | -€13,576 | -2.8% |
| Land and buildings | 22 | €485,551 | €471,976 | -€13,576 | -2.8% |
| Current assets | 29/58 | €94,090 | €163,298 | +€69,208 | +73.6% |
| Amounts receivable within one year | 40/41 | €92,699 | €157,801 | +€65,102 | +70.2% |
| Trade receivables | 40 | €92,314 | €65,186 | -€27,128 | -29.4% |
| Other amounts receivable | 41 | €386 | €92,615 | +€92,229 | +23,901% |
| Cash at bank and in hand | 54/58 | €58 | €3,575 | +€3,517 | +6,048% |
| Deferred charges and accrued income | 490/1 | €1,333 | €1,921 | +€589 | +44.2% |
| Total equity and liabilities | 10/49 | €579,642 | €635,274 | +€55,632 | +9.6% |
| Equity | 10/15 | €4,126 | €6,017 | +€1,891 | +45.8% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €7,356 | €7,356 | = | 0.0% |
| Distributable reserves | 133 | €7,356 | €7,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,531 | -€1,640 | +€1,891 | +53.6% |
| Amounts payable | 17/49 | €575,516 | €629,257 | +€53,742 | +9.3% |
| Amounts payable after more than one year | 17 | €381,743 | €401,288 | +€19,545 | +5.1% |
| Financial debts | 170/4 | €381,743 | €401,288 | +€19,545 | +5.1% |
| Amounts payable within one year | 42/48 | €193,773 | €227,970 | +€34,197 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €8,257 | €14,455 | +€6,198 | +75.1% |
| Trade debts | 44 | €50,787 | €63,516 | +€12,729 | +25.1% |
| Suppliers | 440/4 | €50,787 | €25,516 | -€25,271 | -49.8% |
| Bills of exchange payable | 441 | - | €38,000 | +€38,000 | |
| Taxes, remuneration and social security | 45 | €4,519 | €7,908 | +€3,389 | +75.0% |
| Taxes | 450/3 | €1,200 | €7,044 | +€5,844 | +487% |
| Remuneration and social security | 454/9 | €3,319 | €864 | -€2,455 | -74.0% |
| Other amounts payable | 47/48 | €130,210 | €142,090 | +€11,881 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,443 | €13,576 | +€8,132 | +149% |
| Other operating charges | 640/8 | €4,848 | €13,122 | +€8,274 | +171% |
| Gross operating margin | 9900 | €16,708 | €52,069 | +€35,361 | +212% |
| Operating profit (loss) | 9901 | €6,417 | €25,371 | +€18,954 | +295% |
| Financial charges | 65/66B | €9,947 | €22,591 | +€12,644 | +127% |
| Recurring financial charges | 65 | €9,947 | €22,591 | +€12,644 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€3,531 | €2,780 | +€6,311 | |
| Income taxes | 67/77 | - | €889 | +€889 | |
| Profit (loss) for the period | 9904 | -€3,531 | €1,891 | +€5,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,531 | €1,891 | +€5,421 |
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 2 November 2026 via checked.be.