FRAMALEX: 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.
FRAMALEX
Largest movements
- Receivables within one year -€21,445
down €21,445 (-59.1%), from €36,265 to €14,821
of which Trade receivables: -€19,972
- Cash +€8,190
up €8,190 (+7.2%), from €113,670 to €121,861
mainly Net result for the year (+€42,781) and Receivables within one year (+€21,445)
- Tangible fixed assets +€5,895
up €5,895 (+25.4%), from €23,254 to €29,149
of which Furniture and vehicles: +€3,617
- Deferred charges and accrued income +€4,350
up €4,350 (+93.7%), from €4,640 to €8,990
- Profit (loss) carried forward +€42,781
up €42,781 (+90.5%), from €47,253 to €90,034
- Advances received -€30,309
no longer reported in 2025 (was €30,309)
- Debts after one year -€16,551
down €16,551 (-45.0%), from €36,777 to €20,227
- Other debts -€12,866
down €12,866 (-21.5%), from €59,721 to €46,855
- Tax, wage and social debts +€7,399
up €7,399 (+21.2%), from €34,976 to €42,374
of which Taxes: +€8,146
- Staff costs -€10,887
down €10,887 (-7.3%), from €149,769 to €138,882
- Taxes +€4,524
up €4,524 (+75.1%), from €6,022 to €10,547
- Financial charges +€3,198
up €3,198 (+70.0%), from €4,568 to €7,766
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 | €253,560 | €248,610 | -€4,950 | -2.0% |
| Fixed assets | 21/28 | €23,754 | €29,399 | +€5,645 | +23.8% |
| Intangible fixed assets | 21 | €500 | €250 | -€250 | -50.0% |
| Tangible fixed assets | 22/27 | €23,254 | €29,149 | +€5,895 | +25.4% |
| Plant, machinery and equipment | 23 | €8,430 | €8,498 | +€68 | +0.8% |
| Furniture and vehicles | 24 | €14,824 | €18,441 | +€3,617 | +24.4% |
| Other tangible fixed assets | 26 | - | €2,210 | +€2,210 | |
| Current assets | 29/58 | €229,806 | €219,211 | -€10,595 | -4.6% |
| Stocks and contracts in progress | 3 | €75,230 | €73,540 | -€1,690 | -2.2% |
| Stocks | 30/36 | €75,230 | €73,540 | -€1,690 | -2.2% |
| Amounts receivable within one year | 40/41 | €36,265 | €14,821 | -€21,445 | -59.1% |
| Trade receivables | 40 | €34,776 | €14,803 | -€19,972 | -57.4% |
| Other amounts receivable | 41 | €1,490 | €17 | -€1,472 | -98.8% |
| Cash at bank and in hand | 54/58 | €113,670 | €121,861 | +€8,190 | +7.2% |
| Deferred charges and accrued income | 490/1 | €4,640 | €8,990 | +€4,350 | +93.7% |
| Total equity and liabilities | 10/49 | €253,560 | €248,610 | -€4,950 | -2.0% |
| Equity | 10/15 | €49,753 | €92,534 | +€42,781 | +86.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,253 | €90,034 | +€42,781 | +90.5% |
| Amounts payable | 17/49 | €203,807 | €156,076 | -€47,730 | -23.4% |
| Amounts payable after more than one year | 17 | €36,777 | €20,227 | -€16,551 | -45.0% |
| Financial debts | 170/4 | €36,777 | €20,227 | -€16,551 | -45.0% |
| Amounts payable within one year | 42/48 | €162,254 | €127,152 | -€35,103 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €15,856 | €16,551 | +€694 | +4.4% |
| Trade debts | 44 | €21,392 | €21,372 | -€21 | -0.1% |
| Suppliers | 440/4 | €21,392 | €21,372 | -€21 | -0.1% |
| Advances received on contracts in progress | 46 | €30,309 | - | -€30,309 | |
| Taxes, remuneration and social security | 45 | €34,976 | €42,374 | +€7,399 | +21.2% |
| Taxes | 450/3 | €22,978 | €31,123 | +€8,146 | +35.5% |
| Remuneration and social security | 454/9 | €11,998 | €11,251 | -€747 | -6.2% |
| Other amounts payable | 47/48 | €59,721 | €46,855 | -€12,866 | -21.5% |
| Accrued charges and deferred income | 492/3 | €4,775 | €8,698 | +€3,923 | +82.1% |
| Remuneration, social security and pensions | 62 | €149,769 | €138,882 | -€10,887 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,877 | €13,190 | +€1,314 | +11.1% |
| Other operating charges | 640/8 | €2,435 | €3,233 | +€798 | +32.8% |
| Gross operating margin | 9900 | €215,609 | €214,779 | -€830 | -0.4% |
| Operating profit (loss) | 9901 | €51,529 | €59,475 | +€7,946 | +15.4% |
| Financial income | 75/76B | €1,479 | €1,619 | +€140 | +9.5% |
| Recurring financial income | 75 | €1,479 | €1,619 | +€140 | +9.5% |
| Financial charges | 65/66B | €4,568 | €7,766 | +€3,198 | +70.0% |
| Recurring financial charges | 65 | €4,568 | €7,766 | +€3,198 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €48,440 | €53,327 | +€4,888 | +10.1% |
| Income taxes | 67/77 | €6,022 | €10,547 | +€4,524 | +75.1% |
| Profit (loss) for the period | 9904 | €42,417 | €42,781 | +€364 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,417 | €42,781 | +€364 | +0.9% |
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 29 September 2026 via checked.be.