Framaz: 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.
Framaz
Largest movements
- Cash +€121,021
up €121,021 (+76.7%), from €157,685 to €278,707
mainly Short-term financial debts (+€250,000) and Net result for the year (+€90,621)
- Deferred charges and accrued income +€57,948
up €57,948 (+2113.2%), from €2,742 to €60,690
- Stocks and contracts -€46,158
down €46,158 (-8.8%), from €522,522 to €476,364
- Receivables within one year -€42,572
down €42,572 (-1.8%), from €2.4m to €2.4m
of which Trade receivables: -€516,702
- Short-term financial debts +€250,000
new in 2025: €250,000
- Other debts -€170,000
no longer reported in 2025 (was €170,000)
- Trade debts -€150,714
down €150,714 (-26.3%), from €573,357 to €422,643
- Profit (loss) carried forward +€90,621
up €90,621 (+4.2%), from €2.2m to €2.2m
- Tax, wage and social debts +€52,941
up €52,941 (+31.9%), from €166,047 to €218,989
of which Remuneration and social security: +€57,749
- Turnover +€6.7m
new in 2025: €6.7m
- Purchases and services +€5.6m
new in 2025: €5.6m
- Gross operating margin -€284,572
down €284,572 (-19.6%), from €1.5m to €1.2m
- Staff costs +€178,500
up €178,500 (+22.6%), from €790,001 to €968,501
- Taxes -€74,894
down €74,894 (-63.9%), from €117,117 to €42,223
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 | €3,311,073 | €3,386,160 | +€75,087 | +2.3% |
| Fixed assets | 21/28 | €205,961 | €190,808 | -€15,153 | -7.4% |
| Tangible fixed assets | 22/27 | €196,709 | €181,636 | -€15,073 | -7.7% |
| Plant, machinery and equipment | 23 | €6,234 | €14,970 | +€8,737 | +140.2% |
| Furniture and vehicles | 24 | €23,186 | €25,501 | +€2,315 | +10.0% |
| Other tangible fixed assets | 26 | €167,289 | €141,165 | -€26,124 | -15.6% |
| Financial fixed assets | 28 | €9,252 | €9,172 | -€80 | -0.9% |
| Current assets | 29/58 | €3,105,112 | €3,195,352 | +€90,239 | +2.9% |
| Stocks and contracts in progress | 3 | €522,522 | €476,364 | -€46,158 | -8.8% |
| Stocks | 30/36 | €522,522 | €476,364 | -€46,158 | -8.8% |
| Amounts receivable within one year | 40/41 | €2,422,163 | €2,379,591 | -€42,572 | -1.8% |
| Trade receivables | 40 | €1,404,613 | €887,911 | -€516,702 | -36.8% |
| Other amounts receivable | 41 | €1,017,550 | €1,491,680 | +€474,130 | +46.6% |
| Cash at bank and in hand | 54/58 | €157,685 | €278,707 | +€121,021 | +76.7% |
| Deferred charges and accrued income | 490/1 | €2,742 | €60,690 | +€57,948 | +2113.2% |
| Total equity and liabilities | 10/49 | €3,311,073 | €3,386,160 | +€75,087 | +2.3% |
| Equity | 10/15 | €2,401,669 | €2,492,289 | +€90,621 | +3.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €101,400 | €101,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €101,400 | €101,400 | = | 0.0% |
| Legal reserve | 130 | €101,400 | €101,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,150,269 | €2,240,889 | +€90,621 | +4.2% |
| Amounts payable | 17/49 | €909,404 | €893,871 | -€15,534 | -1.7% |
| Amounts payable within one year | 42/48 | €909,404 | €891,631 | -€17,773 | -2.0% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €573,357 | €422,643 | -€150,714 | -26.3% |
| Suppliers | 440/4 | €573,357 | €422,643 | -€150,714 | -26.3% |
| Taxes, remuneration and social security | 45 | €166,047 | €218,989 | +€52,941 | +31.9% |
| Taxes | 450/3 | €84,016 | €79,208 | -€4,808 | -5.7% |
| Remuneration and social security | 454/9 | €82,031 | €139,781 | +€57,749 | +70.4% |
| Other amounts payable | 47/48 | €170,000 | - | -€170,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,239 | +€2,239 | |
| Turnover | 70 | - | €6,720,664 | +€6.7m | |
| Non-recurring operating income | 76A | - | €1,250 | +€1,250 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,582,763 | +€5.6m | |
| Remuneration, social security and pensions | 62 | €790,001 | €968,501 | +€178,500 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,018 | €46,440 | +€1,422 | +3.2% |
| Other operating charges | 640/8 | €18,237 | €25,137 | +€6,900 | +37.8% |
| Gross operating margin | 9900 | €1,450,811 | €1,166,239 | -€284,572 | -19.6% |
| Operating profit (loss) | 9901 | €597,555 | €126,160 | -€471,395 | -78.9% |
| Financial income | 75/76B | €27,260 | €24,022 | -€3,239 | -11.9% |
| Recurring financial income | 75 | €27,260 | €24,022 | -€3,239 | -11.9% |
| Financial charges | 65/66B | €13,164 | €17,338 | +€4,174 | +31.7% |
| Recurring financial charges | 65 | €13,164 | €17,338 | +€4,174 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €611,651 | €132,844 | -€478,807 | -78.3% |
| Income taxes | 67/77 | €117,117 | €42,223 | -€74,894 | -63.9% |
| Profit (loss) for the period | 9904 | €494,534 | €90,621 | -€403,913 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €494,534 | €90,621 | -€403,913 | -81.7% |
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 8 October 2026 via checked.be.