FRAMAJOZO: 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.
FRAMAJOZO
Largest movements
- Tangible fixed assets -€48,944
down €48,944 (-9.3%), from €525,364 to €476,420
of which Plant, machinery and equipment: -€26,280
- Receivables within one year -€15,167
down €15,167 (-99.2%), from €15,287 to €120
of which Trade receivables: -€15,287
- Trade debts -€35,189
down €35,189 (-76.6%), from €45,943 to €10,754
- Debts after one year -€22,706
no longer reported in 2025 (was €22,706)
- Tax, wage and social debts -€20,173
down €20,173 (-71.1%), from €28,367 to €8,194
- Other debts +€18,945
up €18,945 (+11.3%), from €167,757 to €186,702
- Current portion of long-term debt -€14,543
down €14,543 (-39.0%), from €37,250 to €22,706
- Gross operating margin -€33,968
down €33,968 (-28.7%), from €118,370 to €84,402
- Depreciation +€24,265
up €24,265 (+71.1%), from €34,136 to €58,401
- Taxes -€13,663
down €13,663 (-74.4%), from €18,359 to €4,696
- Financial charges -€3,283
down €3,283 (-22.3%), from €14,725 to €11,442
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 | €567,591 | €500,852 | -€66,739 | -11.8% |
| Fixed assets | 21/28 | €530,681 | €481,737 | -€48,944 | -9.2% |
| Tangible fixed assets | 22/27 | €525,364 | €476,420 | -€48,944 | -9.3% |
| Land and buildings | 22 | €430,853 | €408,188 | -€22,665 | -5.3% |
| Plant, machinery and equipment | 23 | €94,511 | €68,232 | -€26,280 | -27.8% |
| Financial fixed assets | 28 | €5,317 | €5,317 | = | 0.0% |
| Current assets | 29/58 | €36,909 | €19,115 | -€17,795 | -48.2% |
| Amounts receivable within one year | 40/41 | €15,287 | €120 | -€15,167 | -99.2% |
| Trade receivables | 40 | €15,287 | - | -€15,287 | |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €19,083 | €16,047 | -€3,036 | -15.9% |
| Deferred charges and accrued income | 490/1 | €2,539 | €2,948 | +€409 | +16.1% |
| Total equity and liabilities | 10/49 | €567,591 | €500,852 | -€66,739 | -11.8% |
| Equity | 10/15 | €265,568 | €272,496 | +€6,928 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €161,147 | €168,075 | +€6,928 | +4.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €227 | €227 | = | 0.0% |
| Distributable reserves | 133 | €154,720 | €161,648 | +€6,928 | +4.5% |
| Profit (loss) carried forward | 14 | €42,421 | €42,422 | +€0 | 0.0% |
| Amounts payable | 17/49 | €302,023 | €228,356 | -€73,667 | -24.4% |
| Amounts payable after more than one year | 17 | €22,706 | - | -€22,706 | |
| Financial debts | 170/4 | €22,706 | - | -€22,706 | |
| Amounts payable within one year | 42/48 | €279,317 | €228,356 | -€50,961 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €37,250 | €22,706 | -€14,543 | -39.0% |
| Trade debts | 44 | €45,943 | €10,754 | -€35,189 | -76.6% |
| Suppliers | 440/4 | €45,943 | €10,754 | -€35,189 | -76.6% |
| Taxes, remuneration and social security | 45 | €28,367 | €8,194 | -€20,173 | -71.1% |
| Taxes | 450/3 | €28,367 | €8,194 | -€20,173 | -71.1% |
| Other amounts payable | 47/48 | €167,757 | €186,702 | +€18,945 | +11.3% |
| Non-recurring operating income | 76A | €6,669 | - | -€6,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,136 | €58,401 | +€24,265 | +71.1% |
| Other operating charges | 640/8 | €4,261 | €4,482 | +€220 | +5.2% |
| Gross operating margin | 9900 | €118,370 | €84,402 | -€33,968 | -28.7% |
| Operating profit (loss) | 9901 | €79,973 | €21,520 | -€58,453 | -73.1% |
| Financial income | 75/76B | €1,260 | €1,547 | +€286 | +22.7% |
| Recurring financial income | 75 | €1,260 | €1,547 | +€286 | +22.7% |
| Financial charges | 65/66B | €14,725 | €11,442 | -€3,283 | -22.3% |
| Recurring financial charges | 65 | €14,725 | €11,442 | -€3,283 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €66,509 | €11,624 | -€54,884 | -82.5% |
| Income taxes | 67/77 | €18,359 | €4,696 | -€13,663 | -74.4% |
| Profit (loss) for the period | 9904 | €48,149 | €6,928 | -€41,221 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,149 | €6,928 | -€41,221 | -85.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.