FRAMAVER: 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.
What changed
FRAMAVER
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,679
2024 · €16,531-€1,852
Equity
€567,526
2024 · €552,847+€14,679
Cash
€90,084
2024 · €84,265+€5,819
Balance sheet total
€1.3m
2024 · €1.3m-€2,845
Largest movements
Assets
- Tangible fixed assets -€59,861
down €59,861 (-5.7%), from €1.1m to €996,108
of which Land and buildings: -€45,362
- Current investments +€55,000
up €55,000 (+55.0%), from €100,000 to €155,000
Equity and liabilities
- Profit (loss) carried forward +€14,679
up €14,679 (+12.8%), from €114,261 to €128,941
Income statement
- Gross operating margin -€1,398
down €1,398 (-1.4%), from €100,899 to €99,502
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.
Result 2024
€16,531
Gross operating margin
-€1,398
Depreciation
-€910
Other operating charges
-€257
Financial income
-€0
Financial charges
+€713
Result 2025
€14,679
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.
From operations
+€87,267
Investment
-€63,633
Financing
-€17,815
Cash 2024
€84,265
From operations (derived)
+€87,267
Net result for the year
+€14,679
Depreciation
+€68,494
Receivables within one year
+€3,960
Deferred charges and accrued income
-€157
Trade debts
-€1,618
Tax, wage and social debts
+€722
Other debts
-€282
Accrued charges and deferred income
+€1,470
Investment (derived)
-€63,633
Investment in fixed assets (net)
-€8,633
Current investments
-€55,000
Financing
-€17,815
Debts after one year
-€11,148
Current portion of long-term debt
-€6,667
Cash 2025
€90,084
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,253,926 | €1,251,082 | -€2,845 | -0.2% |
| Fixed assets | 21/28 | €1,055,969 | €996,108 | -€59,861 | -5.7% |
| Tangible fixed assets | 22/27 | €1,055,969 | €996,108 | -€59,861 | -5.7% |
| Land and buildings | 22 | €1,025,566 | €980,204 | -€45,362 | -4.4% |
| Plant, machinery and equipment | 23 | €9,196 | €7,927 | -€1,269 | -13.8% |
| Furniture and vehicles | 24 | €21,208 | €7,977 | -€13,230 | -62.4% |
| Current assets | 29/58 | €197,957 | €254,974 | +€57,016 | +28.8% |
| Amounts receivable within one year | 40/41 | €12,836 | €8,876 | -€3,960 | -30.8% |
| Trade receivables | 40 | €12,836 | €8,741 | -€4,095 | -31.9% |
| Other amounts receivable | 41 | - | €135 | +€135 | |
| Current investments | 50/53 | €100,000 | €155,000 | +€55,000 | +55.0% |
| Cash at bank and in hand | 54/58 | €84,265 | €90,084 | +€5,819 | +6.9% |
| Deferred charges and accrued income | 490/1 | €856 | €1,013 | +€157 | +18.4% |
| Total equity and liabilities | 10/49 | €1,253,926 | €1,251,082 | -€2,845 | -0.2% |
| Equity | 10/15 | €552,847 | €567,526 | +€14,679 | +2.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €138,586 | €138,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €108,586 | €108,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,261 | €128,941 | +€14,679 | +12.8% |
| Amounts payable | 17/49 | €701,079 | €683,555 | -€17,524 | -2.5% |
| Amounts payable after more than one year | 17 | €620,562 | €609,414 | -€11,148 | -1.8% |
| Financial debts | 170/4 | €13,333 | - | -€13,333 | |
| Other amounts payable | 178/9 | €607,229 | €609,414 | +€2,185 | +0.4% |
| Amounts payable within one year | 42/48 | €67,347 | €59,502 | -€7,846 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €13,333 | -€6,667 | -33.3% |
| Trade debts | 44 | €1,618 | - | -€1,618 | |
| Suppliers | 440/4 | €1,618 | - | -€1,618 | |
| Taxes, remuneration and social security | 45 | €3,770 | €4,493 | +€722 | +19.2% |
| Taxes | 450/3 | €3,770 | €4,493 | +€722 | +19.2% |
| Other amounts payable | 47/48 | €41,959 | €41,676 | -€282 | -0.7% |
| Accrued charges and deferred income | 492/3 | €13,170 | €14,640 | +€1,470 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,584 | €68,494 | +€910 | +1.3% |
| Other operating charges | 640/8 | €15,517 | €15,774 | +€257 | +1.7% |
| Gross operating margin | 9900 | €100,899 | €99,502 | -€1,398 | -1.4% |
| Operating profit (loss) | 9901 | €17,797 | €15,233 | -€2,565 | -14.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,266 | €553 | -€713 | -56.3% |
| Recurring financial charges | 65 | €1,266 | €553 | -€713 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €16,531 | €14,679 | -€1,852 | -11.2% |
| Profit (loss) for the period | 9904 | €16,531 | €14,679 | -€1,852 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,531 | €14,679 | -€1,852 | -11.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.