FRAMA FISH: 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.
FRAMA FISH
Largest movements
- Receivables within one year +€97,070
up €97,070 (+255.5%), from €37,995 to €135,065
of which Other amounts receivable: +€80,196
- Cash +€22,469
up €22,469 (+98.1%), from €22,902 to €45,371
mainly Net result for the year (+€94,078) and Tax, wage and social debts (+€18,841)
- Profit (loss) carried forward +€94,077
up €94,077, from -€24,015 to €70,062
- Tax, wage and social debts +€18,841
up €18,841 (+113.4%), from €16,622 to €35,463
- Trade debts +€9,607
up €9,607 (+454.5%), from €2,114 to €11,721
- Other debts -€2,987
no longer reported in 2025 (was €2,987)
- Gross operating margin +€30,536
up €30,536 (+31.2%), from €97,863 to €128,399
- Taxes +€21,107
up €21,107 (+145.6%), from €14,500 to €35,607
- Financial income +€1,907
up €1,907 (+967.8%), from €197 to €2,104
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 | €74,369 | €193,908 | +€119,539 | +160.7% |
| Fixed assets | 21/28 | €13,472 | €13,472 | -€0 | 0.0% |
| Financial fixed assets | 28 | €13,472 | €13,472 | -€0 | 0.0% |
| Current assets | 29/58 | €60,897 | €180,436 | +€119,539 | +196.3% |
| Amounts receivable within one year | 40/41 | €37,995 | €135,065 | +€97,070 | +255.5% |
| Trade receivables | 40 | €19,113 | €35,987 | +€16,874 | +88.3% |
| Other amounts receivable | 41 | €18,882 | €99,078 | +€80,196 | +424.7% |
| Cash at bank and in hand | 54/58 | €22,902 | €45,371 | +€22,469 | +98.1% |
| Total equity and liabilities | 10/49 | €74,369 | €193,908 | +€119,539 | +160.7% |
| Equity | 10/15 | €52,646 | €146,723 | +€94,077 | +178.7% |
| Contributions | 10/11 | €68,604 | €68,604 | +€0 | 0.0% |
| Outside capital | 11 | €68,604 | €68,604 | +€0 | 0.0% |
| Share premium | 1100/10 | €68,604 | €68,604 | +€0 | 0.0% |
| Reserves | 13 | €8,057 | €8,057 | -€0 | 0.0% |
| Distributable reserves | 133 | €8,057 | €8,057 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€24,015 | €70,062 | +€94,077 | |
| Amounts payable | 17/49 | €21,723 | €47,185 | +€25,462 | +117.2% |
| Amounts payable within one year | 42/48 | €21,723 | €47,185 | +€25,462 | +117.2% |
| Trade debts | 44 | €2,114 | €11,721 | +€9,607 | +454.5% |
| Suppliers | 440/4 | €2,114 | €11,721 | +€9,607 | +454.5% |
| Taxes, remuneration and social security | 45 | €16,622 | €35,463 | +€18,841 | +113.4% |
| Taxes | 450/3 | €16,622 | €35,463 | +€18,841 | +113.4% |
| Other amounts payable | 47/48 | €2,987 | - | -€2,987 | |
| Other operating charges | 640/8 | €406 | €601 | +€195 | +48.0% |
| Gross operating margin | 9900 | €97,863 | €128,399 | +€30,536 | +31.2% |
| Operating profit (loss) | 9901 | €97,457 | €127,798 | +€30,341 | +31.1% |
| Financial income | 75/76B | €197 | €2,104 | +€1,907 | +967.8% |
| Recurring financial income | 75 | €197 | €2,104 | +€1,907 | +967.8% |
| Financial charges | 65/66B | €293 | €217 | -€76 | -25.9% |
| Recurring financial charges | 65 | €293 | €217 | -€76 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €97,361 | €129,684 | +€32,323 | +33.2% |
| Income taxes | 67/77 | €14,500 | €35,607 | +€21,107 | +145.6% |
| Profit (loss) for the period | 9904 | €82,861 | €94,078 | +€11,217 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,861 | €94,078 | +€11,217 | +13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.