FRAMA: 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.
FRAMA
Largest movements
- Cash -€2,264
down €2,264 (-4.6%), from €49,209 to €46,945
mainly Investment in fixed assets (net) (-€4,399) and Net result for the year (-€210)
- Tangible fixed assets +€1,979
up €1,979 (+5.5%), from €35,967 to €37,946
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€389
down €389 (-9.0%), from €4,302 to €3,913
- Depreciation +€328
up €328 (+15.7%), from €2,092 to €2,420
- Financial income +€58
up €58 (+40.0%), from €146 to €204
- Other operating charges +€48
up €48 (+3.0%), from €1,593 to €1,641
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,429 | €86,221 | -€208 | -0.2% |
| Fixed assets | 21/28 | €35,986 | €37,965 | +€1,979 | +5.5% |
| Tangible fixed assets | 22/27 | €35,967 | €37,946 | +€1,979 | +5.5% |
| Land and buildings | 22 | €35,967 | €37,946 | +€1,979 | +5.5% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €50,444 | €48,256 | -€2,187 | -4.3% |
| Amounts receivable within one year | 40/41 | €94 | €117 | +€24 | +25.4% |
| Other amounts receivable | 41 | €94 | €117 | +€24 | +25.4% |
| Cash at bank and in hand | 54/58 | €49,209 | €46,945 | -€2,264 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,194 | +€53 | +4.6% |
| Total equity and liabilities | 10/49 | €86,429 | €86,221 | -€208 | -0.2% |
| Equity | 10/15 | €86,303 | €86,093 | -€210 | -0.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €80,106 | €79,896 | -€210 | -0.3% |
| Distributable reserves | 133 | €80,106 | €79,896 | -€210 | -0.3% |
| Amounts payable | 17/49 | €126 | €128 | +€2 | +1.6% |
| Amounts payable within one year | 42/48 | €126 | €128 | +€2 | +1.6% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,092 | €2,420 | +€328 | +15.7% |
| Other operating charges | 640/8 | €1,593 | €1,641 | +€48 | +3.0% |
| Gross operating margin | 9900 | €4,302 | €3,913 | -€389 | -9.0% |
| Operating profit (loss) | 9901 | €616 | -€148 | -€765 | |
| Financial income | 75/76B | €146 | €204 | +€58 | +40.0% |
| Recurring financial income | 75 | €146 | €204 | +€58 | +40.0% |
| Financial charges | 65/66B | €249 | €266 | +€17 | +6.9% |
| Recurring financial charges | 65 | €249 | €266 | +€17 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €513 | -€210 | -€724 | |
| Profit (loss) for the period | 9904 | €513 | -€210 | -€724 | |
| Profit (loss) for the period to be appropriated | 9905 | €513 | -€210 | -€724 |
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 9 October 2026 via checked.be.