FRAMAX: 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.
FRAMAX
Largest movements
- Cash -€3,721
down €3,721 (-69.4%), from €5,359 to €1,638
mainly Other debts (-€4,528) and Net result for the year (-€738)
- Other debts -€4,528
no longer reported in 2025 (was €4,528)
- Trade debts +€1,575
up €1,575 (+68.1%), from €2,314 to €3,889
- Profit (loss) carried forward -€738
down €738 (-1.5%), from -€49,828 to -€50,566
- Gross operating margin -€9,141
down €9,141, from €8,882 to -€259
- Financial charges -€96
down €96 (-54.5%), from €176 to €80
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 | €12,013 | €8,323 | -€3,691 | -30.7% |
| Current assets | 29/58 | €12,013 | €8,323 | -€3,691 | -30.7% |
| Amounts receivable within one year | 40/41 | €5,642 | €5,642 | = | 0.0% |
| Trade receivables | 40 | €5,642 | €5,642 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,359 | €1,638 | -€3,721 | -69.4% |
| Deferred charges and accrued income | 490/1 | €1,013 | €1,043 | +€30 | +3.0% |
| Total equity and liabilities | 10/49 | €12,013 | €8,323 | -€3,691 | -30.7% |
| Equity | 10/15 | €5,172 | €4,434 | -€738 | -14.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,828 | -€50,566 | -€738 | -1.5% |
| Amounts payable | 17/49 | €6,841 | €3,889 | -€2,952 | -43.2% |
| Amounts payable within one year | 42/48 | €6,841 | €3,889 | -€2,952 | -43.2% |
| Trade debts | 44 | €2,314 | €3,889 | +€1,575 | +68.1% |
| Suppliers | 440/4 | €2,314 | €3,889 | +€1,575 | +68.1% |
| Other amounts payable | 47/48 | €4,528 | - | -€4,528 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,882 | -€259 | -€9,141 | |
| Operating profit (loss) | 9901 | €8,495 | -€658 | -€9,153 | |
| Financial charges | 65/66B | €176 | €80 | -€96 | -54.5% |
| Recurring financial charges | 65 | €176 | €80 | -€96 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €8,319 | -€738 | -€9,058 | |
| Profit (loss) for the period | 9904 | €8,319 | -€738 | -€9,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,319 | -€738 | -€9,058 |
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.