FRAMATI: 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.
FRAMATI
Largest movements
- Receivables within one year -€33,647
down €33,647 (-84.0%), from €40,054 to €6,407
of which Other amounts receivable: -€24,085
- Cash -€22,290
down €22,290 (-80.0%), from €27,879 to €5,589
mainly Net result for the year (-€64,861) and Debts after one year (-€12,636)
- Tangible fixed assets -€21,042
down €21,042 (-21.7%), from €96,968 to €75,926
of which Furniture and vehicles: -€19,725
- Financial fixed assets -€8,640
down €8,640 (-22.8%), from €37,893 to €29,253
- Deferred charges and accrued income -€3,200
down €3,200 (-72.2%), from €4,435 to €1,235
- Reserves -€64,861
down €64,861 (-81.8%), from €79,292 to €14,431
- Debts after one year -€12,636
down €12,636 (-24.9%), from €50,773 to €38,137
- Trade debts -€8,480
down €8,480 (-89.8%), from €9,446 to €966
- Gross operating margin -€105,192
down €105,192, from €57,791 to -€47,401
- Taxes -€15,863
down €15,863 (-97.5%), from €16,274 to €412
- Depreciation +€14,597
up €14,597 (+226.5%), from €6,444 to €21,042
- Financial income +€7,145
up €7,145 (+4345.5%), from €164 to €7,310
- Other operating charges -€756
down €756 (-39.4%), from €1,922 to €1,165
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 | €207,227 | €118,409 | -€88,818 | -42.9% |
| Fixed assets | 21/28 | €134,860 | €105,179 | -€29,682 | -22.0% |
| Tangible fixed assets | 22/27 | €96,968 | €75,926 | -€21,042 | -21.7% |
| Plant, machinery and equipment | 23 | €1,314 | €510 | -€804 | -61.2% |
| Furniture and vehicles | 24 | €91,324 | €71,598 | -€19,725 | -21.6% |
| Other tangible fixed assets | 26 | €4,330 | €3,818 | -€513 | -11.8% |
| Financial fixed assets | 28 | €37,893 | €29,253 | -€8,640 | -22.8% |
| Current assets | 29/58 | €72,367 | €13,230 | -€59,137 | -81.7% |
| Amounts receivable within one year | 40/41 | €40,054 | €6,407 | -€33,647 | -84.0% |
| Trade receivables | 40 | €12,807 | €3,245 | -€9,562 | -74.7% |
| Other amounts receivable | 41 | €27,247 | €3,162 | -€24,085 | -88.4% |
| Cash at bank and in hand | 54/58 | €27,879 | €5,589 | -€22,290 | -80.0% |
| Deferred charges and accrued income | 490/1 | €4,435 | €1,235 | -€3,200 | -72.2% |
| Total equity and liabilities | 10/49 | €207,227 | €118,409 | -€88,818 | -42.9% |
| Equity | 10/15 | €97,842 | €32,981 | -€64,861 | -66.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €79,292 | €14,431 | -€64,861 | -81.8% |
| Distributable reserves | 133 | €79,292 | €14,431 | -€64,861 | -81.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,385 | €85,428 | -€23,957 | -21.9% |
| Amounts payable after more than one year | 17 | €50,773 | €38,137 | -€12,636 | -24.9% |
| Financial debts | 170/4 | €50,773 | €38,137 | -€12,636 | -24.9% |
| Amounts payable within one year | 42/48 | €57,488 | €46,891 | -€10,597 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €12,228 | €12,636 | +€408 | +3.3% |
| Trade debts | 44 | €9,446 | €966 | -€8,480 | -89.8% |
| Suppliers | 440/4 | €9,446 | €966 | -€8,480 | -89.8% |
| Taxes, remuneration and social security | 45 | €1,815 | €574 | -€1,241 | -68.4% |
| Taxes | 450/3 | €1,815 | €574 | -€1,241 | -68.4% |
| Other amounts payable | 47/48 | €34,000 | €32,715 | -€1,285 | -3.8% |
| Accrued charges and deferred income | 492/3 | €1,124 | €400 | -€724 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,444 | €21,042 | +€14,597 | +226.5% |
| Other operating charges | 640/8 | €1,922 | €1,165 | -€756 | -39.4% |
| Gross operating margin | 9900 | €57,791 | -€47,401 | -€105,192 | |
| Operating profit (loss) | 9901 | €49,425 | -€69,608 | -€119,033 | |
| Financial income | 75/76B | €164 | €7,310 | +€7,145 | +4345.5% |
| Recurring financial income | 75 | €164 | €7,310 | +€7,145 | +4345.5% |
| Financial charges | 65/66B | €1,405 | €2,151 | +€746 | +53.1% |
| Recurring financial charges | 65 | €1,405 | €2,151 | +€746 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €48,184 | -€64,449 | -€112,634 | |
| Income taxes | 67/77 | €16,274 | €412 | -€15,863 | -97.5% |
| Profit (loss) for the period | 9904 | €31,910 | -€64,861 | -€96,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,910 | -€64,861 | -€96,771 |
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 8 October 2026 via checked.be.