FRAMAR: 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.
FRAMAR
Largest movements
- Receivables within one year -€403
down €403 (-94.8%), from €425 to €22
- Profit (loss) carried forward -€4,754
down €4,754 (-16.4%), from -€28,993 to -€33,747
- Other debts +€4,400
up €4,400 (+34.9%), from €12,598 to €16,998
- Depreciation -€3,088
no longer reported in 2025 (was €3,088)
- Gross operating margin +€424
up €424 (+22.2%), from -€1,909 to -€1,485
- Other operating charges -€286
down €286 (-8.1%), from €3,515 to €3,229
- Financial charges -€57
down €57 (-58.8%), from €97 to €40
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 | €15,890 | €15,510 | -€380 | -2.4% |
| Fixed assets | 21/28 | €3,250 | €3,250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,250 | €3,250 | = | 0.0% |
| Land and buildings | 22 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €12,640 | €12,260 | -€380 | -3.0% |
| Stocks and contracts in progress | 3 | €12,121 | €12,121 | = | 0.0% |
| Stocks | 30/36 | €12,121 | €12,121 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €425 | €22 | -€403 | -94.8% |
| Other amounts receivable | 41 | €425 | €22 | -€403 | -94.8% |
| Cash at bank and in hand | 54/58 | €94 | €117 | +€23 | +24.5% |
| Total equity and liabilities | 10/49 | €15,890 | €15,510 | -€380 | -2.4% |
| Equity | 10/15 | €2,802 | -€1,952 | -€4,754 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,195 | €13,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,963 | €3,963 | = | 0.0% |
| Distributable reserves | 133 | €7,372 | €7,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,993 | -€33,747 | -€4,754 | -16.4% |
| Amounts payable | 17/49 | €13,088 | €17,462 | +€4,374 | +33.4% |
| Amounts payable within one year | 42/48 | €13,088 | €17,462 | +€4,374 | +33.4% |
| Trade debts | 44 | €490 | €464 | -€26 | -5.3% |
| Suppliers | 440/4 | €490 | €464 | -€26 | -5.3% |
| Other amounts payable | 47/48 | €12,598 | €16,998 | +€4,400 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,088 | - | -€3,088 | |
| Other operating charges | 640/8 | €3,515 | €3,229 | -€286 | -8.1% |
| Gross operating margin | 9900 | -€1,909 | -€1,485 | +€424 | +22.2% |
| Operating profit (loss) | 9901 | -€8,512 | -€4,714 | +€3,798 | +44.6% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €97 | €40 | -€57 | -58.8% |
| Recurring financial charges | 65 | €97 | €40 | -€57 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,603 | -€4,754 | +€3,849 | +44.7% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€8,604 | -€4,754 | +€3,850 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,604 | -€4,754 | +€3,850 | +44.7% |
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 4 October 2026 via checked.be.