FRAMAR: 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.
FRAMAR
Largest movements
- Tangible fixed assets -€16,905
down €16,905 (-3.6%), from €469,778 to €452,873
of which Land and buildings: -€22,803
- Receivables within one year +€5,907
up €5,907 (+82.8%), from €7,137 to €13,044
of which Trade receivables: +€5,455
- Debts after one year -€41,250
down €41,250 (-43.9%), from €94,052 to €52,801
- Other debts +€35,417
up €35,417 (+15.9%), from €222,102 to €257,518
- Tax, wage and social debts -€7,026
down €7,026 (-90.8%), from €7,736 to €710
- Gross operating margin -€20,856
down €20,856 (-35.9%), from €58,090 to €37,234
- Other operating charges -€7,762
down €7,762 (-63.2%), from €12,274 to €4,512
- Depreciation -€3,954
down €3,954 (-10.7%), from €37,059 to €33,105
- Financial charges -€966
down €966 (-27.1%), from €3,562 to €2,596
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,667 | €467,278 | -€13,389 | -2.8% |
| Fixed assets | 21/28 | €469,786 | €452,881 | -€16,905 | -3.6% |
| Tangible fixed assets | 22/27 | €469,778 | €452,873 | -€16,905 | -3.6% |
| Land and buildings | 22 | €459,896 | €437,093 | -€22,803 | -5.0% |
| Plant, machinery and equipment | 23 | €9,882 | €15,780 | +€5,898 | +59.7% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €10,880 | €14,397 | +€3,516 | +32.3% |
| Amounts receivable within one year | 40/41 | €7,137 | €13,044 | +€5,907 | +82.8% |
| Trade receivables | 40 | €6,347 | €11,802 | +€5,455 | +86.0% |
| Other amounts receivable | 41 | €790 | €1,242 | +€451 | +57.1% |
| Cash at bank and in hand | 54/58 | €3,121 | €619 | -€2,501 | -80.2% |
| Deferred charges and accrued income | 490/1 | €622 | €734 | +€111 | +17.9% |
| Total equity and liabilities | 10/49 | €480,667 | €467,278 | -€13,389 | -2.8% |
| Equity | 10/15 | €101,212 | €98,981 | -€2,231 | -2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €39,212 | €36,981 | -€2,231 | -5.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,571 | €9,327 | -€2,244 | -19.4% |
| Distributable reserves | 133 | €21,441 | €21,454 | +€13 | +0.1% |
| Provisions and deferred taxes | 16 | €3,857 | €3,109 | -€748 | -19.4% |
| Deferred taxes | 168 | €3,857 | €3,109 | -€748 | -19.4% |
| Amounts payable | 17/49 | €375,598 | €365,188 | -€10,409 | -2.8% |
| Amounts payable after more than one year | 17 | €94,052 | €52,801 | -€41,250 | -43.9% |
| Financial debts | 170/4 | €94,052 | €52,801 | -€41,250 | -43.9% |
| Amounts payable within one year | 42/48 | €281,546 | €312,387 | +€30,841 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €40,390 | €41,250 | +€860 | +2.1% |
| Trade debts | 44 | €2,301 | €2,323 | +€22 | +0.9% |
| Suppliers | 440/4 | €2,301 | €2,323 | +€22 | +0.9% |
| Advances received on contracts in progress | 46 | €9,017 | €10,585 | +€1,568 | +17.4% |
| Taxes, remuneration and social security | 45 | €7,736 | €710 | -€7,026 | -90.8% |
| Taxes | 450/3 | €7,736 | €710 | -€7,026 | -90.8% |
| Other amounts payable | 47/48 | €222,102 | €257,518 | +€35,417 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,059 | €33,105 | -€3,954 | -10.7% |
| Other operating charges | 640/8 | €12,274 | €4,512 | -€7,762 | -63.2% |
| Gross operating margin | 9900 | €58,090 | €37,234 | -€20,856 | -35.9% |
| Operating profit (loss) | 9901 | €8,757 | -€383 | -€9,140 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €3,562 | €2,596 | -€966 | -27.1% |
| Recurring financial charges | 65 | €3,562 | €2,596 | -€966 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €5,197 | -€2,979 | -€8,176 | |
| Transfer from deferred taxes | 780 | €748 | €748 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €5,945 | -€2,231 | -€8,176 | |
| Transfer from tax-exempt reserves | 789 | €2,244 | €2,244 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,189 | €13 | -€8,176 | -99.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.