FRAME PRODUCTS: what changed
What changed
FRAME PRODUCTS
NACE 25.401, Forging of metal
filed annual accounts (NBB)
Net result for the year
€279,843
2024 · €97,932+€181,911
Equity
€1.4m
2024 · €1.2m+€279,843
Cash
€187,294
2024 · €367,666-€180,372
Balance sheet total
€2.3m
2024 · €2.2m+€176,410
Largest movements
Assets
- Receivables within one year +€281,661
up €281,661 (+49.2%), from €571,966 to €853,627
of which Trade receivables: +€307,716
- Cash -€180,372
down €180,372 (-49.1%), from €367,666 to €187,294
mainly Receivables within one year (-€281,661) and Stocks and contracts (-€147,007)
- Stocks and contracts +€147,007
up €147,007 (+35.5%), from €413,953 to €560,960
of which Contracts in progress: +€109,726
- Tangible fixed assets -€80,193
down €80,193 (-9.9%), from €808,728 to €728,535
Equity and liabilities
- Profit (loss) carried forward +€279,843
up €279,843 (+29.4%), from €953,151 to €1.2m
- Debts after one year -€128,696
down €128,696 (-29.1%), from €441,873 to €313,177
- Trade debts +€63,184
up €63,184 (+15.9%), from €396,449 to €459,633
Income statement
- Gross operating margin +€228,097
up €228,097 (+44.7%), from €510,111 to €738,208
- Taxes +€64,667
up €64,667 (+195%), from €33,113 to €97,780
- Depreciation -€14,706
down €14,706 (-9.5%), from €154,114 to €139,408
- Staff costs +€8,589
up €8,589 (+4.2%), from €202,937 to €211,526
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€97,932
Gross operating margin
+€228,097
Staff costs
-€8,589
Depreciation
+€14,706
Other operating charges
-€573
Other operating items
+€752
Financial income
+€5,728
Financial charges
+€6,457
Taxes
-€64,667
Result 2025
€279,843
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,514
Investment
-€59,192
Financing
-€149,694
Cash 2024
€367,666
From operations (derived)
+€28,514
Net result for the year
+€279,843
Depreciation
+€139,408
Stocks and contracts
-€147,007
Receivables within one year
-€281,661
Deferred charges and accrued income
-€8,330
Trade debts
+€63,184
Tax, wage and social debts
-€16,810
Accrued charges and deferred income
-€113
Investment (derived)
-€59,192
Investment in fixed assets (net)
-€59,192
Financing
-€149,694
Debts after one year
-€128,696
Current portion of long-term debt
-€20,998
Cash 2025
€187,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,173,265 | €2,349,675 | +€176,410 | +8.1% |
| Fixed assets | 21/28 | €808,751 | €728,535 | -€80,216 | -9.9% |
| Intangible fixed assets | 21 | €23 | €0 | -€23 | -98.6% |
| Tangible fixed assets | 22/27 | €808,728 | €728,535 | -€80,193 | -9.9% |
| Land and buildings | 22 | €331,198 | €324,696 | -€6,503 | -2.0% |
| Plant, machinery and equipment | 23 | €348,544 | €312,017 | -€36,526 | -10.5% |
| Furniture and vehicles | 24 | €9,875 | €8,696 | -€1,179 | -11.9% |
| Leasing and similar rights | 25 | €119,111 | €83,125 | -€35,986 | -30.2% |
| Current assets | 29/58 | €1,364,514 | €1,621,141 | +€256,626 | +18.8% |
| Stocks and contracts in progress | 3 | €413,953 | €560,960 | +€147,007 | +35.5% |
| Stocks | 30/36 | €202,401 | €239,681 | +€37,281 | +18.4% |
| Contracts in progress | 37 | €211,552 | €321,279 | +€109,726 | +51.9% |
| Amounts receivable within one year | 40/41 | €571,966 | €853,627 | +€281,661 | +49.2% |
| Trade receivables | 40 | €533,583 | €841,299 | +€307,716 | +57.7% |
| Other amounts receivable | 41 | €38,383 | €12,328 | -€26,055 | -67.9% |
| Cash at bank and in hand | 54/58 | €367,666 | €187,294 | -€180,372 | -49.1% |
| Deferred charges and accrued income | 490/1 | €10,929 | €19,260 | +€8,330 | +76.2% |
| Total equity and liabilities | 10/49 | €2,173,265 | €2,349,675 | +€176,410 | +8.1% |
| Equity | 10/15 | €1,156,101 | €1,435,944 | +€279,843 | +24.2% |
| Contributions | 10/11 | €184,500 | €184,500 | = | 0.0% |
| Capital | 10 | €184,500 | €184,500 | = | 0.0% |
| Issued capital | 100 | €184,500 | €184,500 | = | 0.0% |
| Reserves | 13 | €18,450 | €18,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,450 | €18,450 | = | 0.0% |
| Legal reserve | 130 | €18,450 | €18,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €953,151 | €1,232,994 | +€279,843 | +29.4% |
| Amounts payable | 17/49 | €1,017,164 | €913,731 | -€103,433 | -10.2% |
| Amounts payable after more than one year | 17 | €441,873 | €313,177 | -€128,696 | -29.1% |
| Financial debts | 170/4 | €441,873 | €313,177 | -€128,696 | -29.1% |
| Amounts payable within one year | 42/48 | €575,128 | €600,504 | +€25,376 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €106,370 | €85,372 | -€20,998 | -19.7% |
| Trade debts | 44 | €396,449 | €459,633 | +€63,184 | +15.9% |
| Suppliers | 440/4 | €396,449 | €459,633 | +€63,184 | +15.9% |
| Taxes, remuneration and social security | 45 | €67,308 | €50,499 | -€16,810 | -25.0% |
| Taxes | 450/3 | €31,409 | €20,153 | -€11,256 | -35.8% |
| Remuneration and social security | 454/9 | €35,900 | €30,346 | -€5,554 | -15.5% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €163 | €50 | -€113 | -69.3% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100% |
| Remuneration, social security and pensions | 62 | €202,937 | €211,526 | +€8,589 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,114 | €139,408 | -€14,706 | -9.5% |
| Other operating charges | 640/8 | €8,661 | €9,235 | +€573 | +6.6% |
| Non-recurring operating charges | 66A | €752 | €0 | -€752 | -100% |
| Gross operating margin | 9900 | €510,111 | €738,208 | +€228,097 | +44.7% |
| Operating profit (loss) | 9901 | €143,646 | €378,039 | +€234,393 | +163% |
| Financial income | 75/76B | €13,442 | €19,170 | +€5,728 | +42.6% |
| Recurring financial income | 75 | €13,442 | €19,170 | +€5,728 | +42.6% |
| Financial charges | 65/66B | €26,043 | €19,586 | -€6,457 | -24.8% |
| Recurring financial charges | 65 | €26,043 | €19,586 | -€6,457 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €131,045 | €377,623 | +€246,578 | +188% |
| Income taxes | 67/77 | €33,113 | €97,780 | +€64,667 | +195% |
| Profit (loss) for the period | 9904 | €97,932 | €279,843 | +€181,911 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €97,932 | €279,843 | +€181,911 | +186% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.