FRAMAPA: 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.
FRAMAPA
Largest movements
- Cash -€143,190
down €143,190 (-47.6%), from €300,510 to €157,320
mainly Current investments (-€100,000) and Debts after one year (-€35,780)
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€15,814
down €15,814 (-8.1%), from €195,572 to €179,758
of which Land and buildings: -€15,154
- Intangible fixed assets -€11,429
down €11,429 (-17.4%), from €65,691 to €54,262
- Debts after one year -€35,780
down €35,780 (-17.8%), from €200,665 to €164,886
- Tax, wage and social debts -€32,251
down €32,251 (-65.8%), from €49,006 to €16,755
of which Taxes: -€34,522
- Trade debts -€21,596
down €21,596 (-72.9%), from €29,637 to €8,042
- Reserves +€17,068
up €17,068 (+7.8%), from €219,722 to €236,790
- Staff costs +€13,727
up €13,727 (+39.3%), from €34,890 to €48,618
- Gross operating margin +€10,705
up €10,705 (+9.4%), from €114,128 to €124,833
- Taxes +€4,948
up €4,948 (+41.3%), from €11,988 to €16,936
- Financial charges -€3,182
down €3,182 (-25.3%), from €12,564 to €9,382
- Other operating charges -€1,815
down €1,815 (-28.2%), from €6,428 to €4,613
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 | €567,823 | €494,604 | -€73,220 | -12.9% |
| Fixed assets | 21/28 | €261,263 | €234,021 | -€27,243 | -10.4% |
| Intangible fixed assets | 21 | €65,691 | €54,262 | -€11,429 | -17.4% |
| Tangible fixed assets | 22/27 | €195,572 | €179,758 | -€15,814 | -8.1% |
| Land and buildings | 22 | €189,816 | €174,662 | -€15,154 | -8.0% |
| Plant, machinery and equipment | 23 | €3,559 | €3,124 | -€435 | -12.2% |
| Other tangible fixed assets | 26 | €2,198 | €1,972 | -€225 | -10.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €306,560 | €260,583 | -€45,977 | -15.0% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,054 | €102 | -€1,952 | -95.0% |
| Trade receivables | 40 | €2,054 | €102 | -€1,952 | -95.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €300,510 | €157,320 | -€143,190 | -47.6% |
| Deferred charges and accrued income | 490/1 | €2,995 | €2,160 | -€835 | -27.9% |
| Total equity and liabilities | 10/49 | €567,823 | €494,604 | -€73,220 | -12.9% |
| Equity | 10/15 | €244,511 | €261,580 | +€17,068 | +7.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €219,722 | €236,790 | +€17,068 | +7.8% |
| Distributable reserves | 133 | €219,722 | €236,790 | +€17,068 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €323,312 | €233,024 | -€90,288 | -27.9% |
| Amounts payable after more than one year | 17 | €200,665 | €164,886 | -€35,780 | -17.8% |
| Financial debts | 170/4 | €200,665 | €164,886 | -€35,780 | -17.8% |
| Amounts payable within one year | 42/48 | €121,915 | €67,028 | -€54,887 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €34,610 | €35,780 | +€1,170 | +3.4% |
| Financial debts | 43 | €2,387 | €3,384 | +€997 | +41.7% |
| Other loans | 439 | €2,387 | €3,384 | +€997 | +41.7% |
| Trade debts | 44 | €29,637 | €8,042 | -€21,596 | -72.9% |
| Suppliers | 440/4 | €29,637 | €8,042 | -€21,596 | -72.9% |
| Taxes, remuneration and social security | 45 | €49,006 | €16,755 | -€32,251 | -65.8% |
| Taxes | 450/3 | €44,507 | €9,985 | -€34,522 | -77.6% |
| Remuneration and social security | 454/9 | €4,499 | €6,770 | +€2,271 | +50.5% |
| Other amounts payable | 47/48 | €6,274 | €3,067 | -€3,207 | -51.1% |
| Accrued charges and deferred income | 492/3 | €732 | €1,110 | +€378 | +51.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,890 | €48,618 | +€13,727 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,199 | €29,243 | +€43 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,428 | €4,613 | -€1,815 | -28.2% |
| Non-recurring operating charges | 66A | €650 | €0 | -€650 | -100.0% |
| Gross operating margin | 9900 | €114,128 | €124,833 | +€10,705 | +9.4% |
| Operating profit (loss) | 9901 | €42,960 | €42,360 | -€600 | -1.4% |
| Financial income | 75/76B | €2,075 | €1,026 | -€1,049 | -50.5% |
| Recurring financial income | 75 | €2,075 | €1,026 | -€1,049 | -50.5% |
| Financial charges | 65/66B | €12,564 | €9,382 | -€3,182 | -25.3% |
| Recurring financial charges | 65 | €12,564 | €9,382 | -€3,182 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €32,471 | €34,004 | +€1,534 | +4.7% |
| Income taxes | 67/77 | €11,988 | €16,936 | +€4,948 | +41.3% |
| Profit (loss) for the period | 9904 | €20,483 | €17,068 | -€3,415 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,483 | €17,068 | -€3,415 | -16.7% |
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.