FRAMACO: 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.
FRAMACO
Largest movements
- Tangible fixed assets -€20,099
down €20,099 (-6.8%), from €295,330 to €275,231
of which Land and buildings: -€19,412
- Cash +€9,529
up €9,529 (+14.1%), from €67,474 to €77,003
mainly Depreciation (+€20,088) and Investment in fixed assets (net) (+€11)
- Reserves -€4,632
down €4,632 (-3.7%), from €126,147 to €121,515
of which Tax-exempt reserves: -€4,635
- Turnover +€722
up €722 (+4.8%), from €15,034 to €15,756
- Gross operating margin +€535
up €535 (+5.1%), from €10,513 to €11,048
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 | €367,248 | €356,797 | -€10,451 | -2.8% |
| Fixed assets | 21/28 | €295,920 | €275,821 | -€20,099 | -6.8% |
| Tangible fixed assets | 22/27 | €295,330 | €275,231 | -€20,099 | -6.8% |
| Land and buildings | 22 | €232,820 | €213,408 | -€19,412 | -8.3% |
| Other tangible fixed assets | 26 | €62,510 | €61,823 | -€687 | -1.1% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €71,328 | €80,976 | +€9,648 | +13.5% |
| Amounts receivable within one year | 40/41 | - | €27 | +€27 | |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €67,474 | €77,003 | +€9,529 | +14.1% |
| Deferred charges and accrued income | 490/1 | €3,854 | €3,946 | +€92 | +2.4% |
| Total equity and liabilities | 10/49 | €367,248 | €356,797 | -€10,451 | -2.8% |
| Equity | 10/15 | €192,811 | €185,009 | -€7,802 | -4.0% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Capital | 10 | €95,000 | €95,000 | = | 0.0% |
| Issued capital | 100 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €126,147 | €121,515 | -€4,632 | -3.7% |
| Non-distributable reserves | 130/1 | €9,500 | €9,500 | = | 0.0% |
| Legal reserve | 130 | €9,500 | €9,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,905 | €9,270 | -€4,635 | -33.3% |
| Distributable reserves | 133 | €102,742 | €102,745 | +€3 | 0.0% |
| Profit (loss) carried forward | 14 | -€28,336 | -€31,506 | -€3,170 | -11.2% |
| Provisions and deferred taxes | 16 | €7,160 | €4,773 | -€2,387 | -33.3% |
| Deferred taxes | 168 | €7,160 | €4,773 | -€2,387 | -33.3% |
| Amounts payable | 17/49 | €167,277 | €167,015 | -€262 | -0.2% |
| Amounts payable within one year | 42/48 | €167,277 | €167,015 | -€262 | -0.2% |
| Trade debts | 44 | €4,764 | €4,502 | -€262 | -5.5% |
| Suppliers | 440/4 | €4,764 | €4,502 | -€262 | -5.5% |
| Other amounts payable | 47/48 | €162,513 | €162,513 | = | 0.0% |
| Turnover | 70 | €15,034 | €15,756 | +€722 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,088 | €20,088 | = | 0.0% |
| Other operating charges | 640/8 | €1,103 | €1,136 | +€33 | +3.0% |
| Gross operating margin | 9900 | €10,513 | €11,048 | +€535 | +5.1% |
| Operating profit (loss) | 9901 | -€10,678 | -€10,176 | +€502 | +4.7% |
| Financial income | 75/76B | €14 | €89 | +€75 | +535.7% |
| Recurring financial income | 75 | €14 | €89 | +€75 | +535.7% |
| Financial charges | 65/66B | €46 | €105 | +€59 | +128.3% |
| Recurring financial charges | 65 | €46 | €105 | +€59 | +128.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,710 | -€10,192 | +€518 | +4.8% |
| Transfer from deferred taxes | 780 | €2,386 | €2,387 | +€1 | 0.0% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€8,328 | -€7,805 | +€523 | +6.3% |
| Transfer from tax-exempt reserves | 789 | €4,635 | €4,635 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,693 | -€3,170 | +€523 | +14.2% |
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 10 October 2026 via checked.be.