FRAMAKO: 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.
FRAMAKO
Largest movements
- Tangible fixed assets +€2.9m
new in 2025: €2.9m
- Receivables within one year -€311,316
down €311,316 (-69.4%), from €448,261 to €136,946
- Financial fixed assets -€137,067
down €137,067 (-11.7%), from €1.2m to €1.0m
- Debts after one year +€2.5m
up €2.5m (+367.6%), from €675,000 to €3.2m
of which Financial debts: +€1.4m
- Current portion of long-term debt +€193,821
new in 2025: €193,821
- Reserves -€137,821
down €137,821 (-17.2%), from €803,417 to €665,596
- Tax, wage and social debts -€77,806
down €77,806 (-80.5%), from €96,706 to €18,900
- Financial charges -€1.1m
down €1.1m (-70.9%), from €1.5m to €449,648
of which Non-recurring financial charges: -€1.5m
- Depreciation +€357,523
new in 2025: €357,523
- Taxes -€95,678
down €95,678, from €95,676 to -€1
- Financial income +€67,103
up €67,103 (+23.7%), from €282,902 to €350,005
- Gross operating margin -€32,326
down €32,326 (-9.0%), from €359,870 to €327,543
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 | €1,621,582 | €4,122,884 | +€2.5m | +154.3% |
| Fixed assets | 21/28 | €1,173,293 | €3,982,703 | +€2.8m | +239.4% |
| Tangible fixed assets | 22/27 | - | €2,946,477 | +€2.9m | |
| Land and buildings | 22 | - | €2,946,477 | +€2.9m | |
| Financial fixed assets | 28 | €1,173,293 | €1,036,226 | -€137,067 | -11.7% |
| Current assets | 29/58 | €448,289 | €140,181 | -€308,107 | -68.7% |
| Amounts receivable within one year | 40/41 | €448,261 | €136,946 | -€311,316 | -69.4% |
| Other amounts receivable | 41 | €448,261 | €136,946 | -€311,316 | -69.4% |
| Cash at bank and in hand | 54/58 | €28 | €1,589 | +€1,562 | +5673.6% |
| Deferred charges and accrued income | 490/1 | - | €1,646 | +€1,646 | |
| Total equity and liabilities | 10/49 | €1,621,582 | €4,122,884 | +€2.5m | +154.3% |
| Equity | 10/15 | €840,601 | €702,780 | -€137,821 | -16.4% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €803,417 | €665,596 | -€137,821 | -17.2% |
| Distributable reserves | 133 | €803,417 | €665,596 | -€137,821 | -17.2% |
| Amounts payable | 17/49 | €780,980 | €3,420,104 | +€2.6m | +337.9% |
| Amounts payable after more than one year | 17 | €675,000 | €3,156,179 | +€2.5m | +367.6% |
| Financial debts | 170/4 | €675,000 | €2,056,179 | +€1.4m | +204.6% |
| Other amounts payable | 178/9 | - | €1,100,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €105,980 | €263,925 | +€157,945 | +149.0% |
| Current portion of amounts payable after more than one year | 42 | - | €193,821 | +€193,821 | |
| Trade debts | 44 | €5,448 | €24,287 | +€18,839 | +345.8% |
| Suppliers | 440/4 | €5,448 | €24,287 | +€18,839 | +345.8% |
| Taxes, remuneration and social security | 45 | €96,706 | €18,900 | -€77,806 | -80.5% |
| Taxes | 450/3 | €96,706 | €18,900 | -€77,806 | -80.5% |
| Other amounts payable | 47/48 | €3,826 | €26,917 | +€23,090 | +603.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €357,523 | +€357,523 | |
| Other operating charges | 640/8 | €769 | €8,200 | +€7,431 | +966.3% |
| Gross operating margin | 9900 | €359,870 | €327,543 | -€32,326 | -9.0% |
| Operating profit (loss) | 9901 | €359,101 | -€38,179 | -€397,280 | |
| Financial income | 75/76B | €282,902 | €350,005 | +€67,103 | +23.7% |
| Recurring financial income | 75 | €282,902 | €350,005 | +€67,103 | +23.7% |
| Financial charges | 65/66B | €1,543,823 | €449,648 | -€1.1m | -70.9% |
| Recurring financial charges | 65 | €636 | €380,226 | +€379,590 | +59668.0% |
| Non-recurring financial charges | 66B | €1,543,187 | €69,422 | -€1.5m | -95.5% |
| Profit (loss) for the period before taxes | 9903 | -€901,821 | -€137,823 | +€763,998 | +84.7% |
| Income taxes | 67/77 | €95,676 | -€1 | -€95,678 | |
| Profit (loss) for the period | 9904 | -€997,497 | -€137,821 | +€859,676 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€997,497 | -€137,821 | +€859,676 | +86.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.