FRAMANA: 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.
FRAMANA
Largest movements
- Current investments +€171,392
new in 2025: €171,392
- Cash -€113,365
down €113,365 (-32.4%), from €350,074 to €236,710
mainly Current investments (-€171,392) and Investment in fixed assets (net) (-€30,981)
- Tangible fixed assets +€15,875
up €15,875 (+14.5%), from €109,696 to €125,571
of which Other tangible fixed assets: +€24,401
- Receivables after one year +€9,000
new in 2025: €9,000
- Reserves +€95,000
up €95,000 (+24.7%), from €384,860 to €479,860
- Debts after one year -€11,993
down €11,993 (-17.7%), from €67,748 to €55,754
- Gross operating margin -€35,141
down €35,141 (-13.4%), from €261,537 to €226,396
- Financial income +€10,911
up €10,911 (+482.5%), from €2,261 to €13,172
- Taxes -€7,709
down €7,709 (-15.4%), from €50,177 to €42,468
- Staff costs +€4,033
up €4,033 (+5.8%), from €69,840 to €73,873
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 | €512,496 | €598,187 | +€85,690 | +16.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €118,525 | €135,486 | +€16,961 | +14.3% |
| Tangible fixed assets | 22/27 | €109,696 | €125,571 | +€15,875 | +14.5% |
| Land and buildings | 22 | €100,754 | €92,938 | -€7,817 | -7.8% |
| Plant, machinery and equipment | 23 | €609 | €434 | -€175 | -28.7% |
| Furniture and vehicles | 24 | €6,571 | €6,036 | -€535 | -8.1% |
| Other tangible fixed assets | 26 | €1,763 | €26,164 | +€24,401 | +1384.4% |
| Financial fixed assets | 28 | €8,829 | €9,915 | +€1,086 | +12.3% |
| Current assets | 29/58 | €393,971 | €462,700 | +€68,729 | +17.4% |
| Amounts receivable after more than one year | 29 | - | €9,000 | +€9,000 | |
| Trade receivables | 290 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €34,325 | €38,419 | +€4,094 | +11.9% |
| Trade receivables | 40 | €34,325 | €38,373 | +€4,048 | +11.8% |
| Other amounts receivable | 41 | - | €46 | +€46 | |
| Current investments | 50/53 | - | €171,392 | +€171,392 | |
| Cash at bank and in hand | 54/58 | €350,074 | €236,710 | -€113,365 | -32.4% |
| Deferred charges and accrued income | 490/1 | €9,572 | €7,180 | -€2,392 | -25.0% |
| Total equity and liabilities | 10/49 | €512,496 | €598,187 | +€85,690 | +16.7% |
| Equity | 10/15 | €398,049 | €496,168 | +€98,119 | +24.7% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €384,860 | €479,860 | +€95,000 | +24.7% |
| Distributable reserves | 133 | €384,860 | €479,860 | +€95,000 | +24.7% |
| Profit (loss) carried forward | 14 | €589 | €3,708 | +€3,119 | +529.8% |
| Amounts payable | 17/49 | €114,447 | €102,018 | -€12,429 | -10.9% |
| Amounts payable after more than one year | 17 | €67,748 | €55,754 | -€11,993 | -17.7% |
| Financial debts | 170/4 | €67,748 | €55,754 | -€11,993 | -17.7% |
| Amounts payable within one year | 42/48 | €46,700 | €45,201 | -€1,499 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €11,853 | €11,993 | +€141 | +1.2% |
| Financial debts | 43 | €7,933 | €7,853 | -€79 | -1.0% |
| Credit institutions | 430/8 | €7,933 | €7,853 | -€79 | -1.0% |
| Trade debts | 44 | €2,729 | €1,995 | -€734 | -26.9% |
| Suppliers | 440/4 | €2,729 | €1,995 | -€734 | -26.9% |
| Advances received on contracts in progress | 46 | €431 | - | -€431 | |
| Taxes, remuneration and social security | 45 | €23,755 | €23,359 | -€396 | -1.7% |
| Taxes | 450/3 | €15,170 | €14,035 | -€1,135 | -7.5% |
| Remuneration and social security | 454/9 | €8,585 | €9,325 | +€740 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €1,063 | +€1,063 | |
| Non-recurring operating income | 76A | €19,972 | - | -€19,972 | |
| Remuneration, social security and pensions | 62 | €69,840 | €73,873 | +€4,033 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,280 | €14,020 | +€1,741 | +14.2% |
| Other operating charges | 640/8 | €2,907 | €1,993 | -€914 | -31.4% |
| Gross operating margin | 9900 | €261,537 | €226,396 | -€35,141 | -13.4% |
| Operating profit (loss) | 9901 | €176,510 | €136,510 | -€40,001 | -22.7% |
| Financial income | 75/76B | €2,261 | €13,172 | +€10,911 | +482.5% |
| Recurring financial income | 75 | €2,261 | €13,172 | +€10,911 | +482.5% |
| Financial charges | 65/66B | €9,935 | €9,095 | -€840 | -8.5% |
| Recurring financial charges | 65 | €9,935 | €9,095 | -€840 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €168,837 | €140,587 | -€28,250 | -16.7% |
| Income taxes | 67/77 | €50,177 | €42,468 | -€7,709 | -15.4% |
| Profit (loss) for the period | 9904 | €118,660 | €98,119 | -€20,541 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,660 | €98,119 | -€20,541 | -17.3% |
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 9 October 2026 via checked.be.