FRAME STUDIO: 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.
FRAME STUDIO
Largest movements
- Cash +€34,023
up €34,023 (+52.0%), from €65,378 to €99,401
mainly Net result for the year (+€8,635) and Receivables within one year (+€6,763)
- Receivables within one year -€6,763
down €6,763 (-18.7%), from €36,081 to €29,317
- Tangible fixed assets -€2,219
down €2,219 (-19.3%), from €11,474 to €9,254
of which Furniture and vehicles: -€3,112
- Profit (loss) carried forward +€8,635
up €8,635 (+17.3%), from €49,827 to €58,462
- Trade debts +€6,709
up €6,709 (+17.7%), from €37,925 to €44,634
- Other debts +€5,127
up €5,127 (+50.6%), from €10,128 to €15,255
- Tax, wage and social debts +€3,841
up €3,841 (+38.2%), from €10,055 to €13,896
- Gross operating margin +€11,767
up €11,767 (+290.1%), from €4,056 to €15,823
- Taxes +€2,361
up €2,361 (+291.1%), from €811 to €3,172
- Depreciation +€605
up €605 (+21.4%), from €2,830 to €3,435
- Other operating charges +€400
new in 2025: €400
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 | €114,285 | €138,597 | +€24,312 | +21.3% |
| Fixed assets | 21/28 | €12,774 | €9,604 | -€3,169 | -24.8% |
| Tangible fixed assets | 22/27 | €11,474 | €9,254 | -€2,219 | -19.3% |
| Land and buildings | 22 | - | €1,143 | +€1,143 | |
| Plant, machinery and equipment | 23 | €2,497 | €2,247 | -€250 | -10.0% |
| Furniture and vehicles | 24 | €8,977 | €5,865 | -€3,112 | -34.7% |
| Financial fixed assets | 28 | €1,300 | €350 | -€950 | -73.1% |
| Current assets | 29/58 | €101,512 | €128,993 | +€27,481 | +27.1% |
| Amounts receivable within one year | 40/41 | €36,081 | €29,317 | -€6,763 | -18.7% |
| Trade receivables | 40 | €36,081 | €29,317 | -€6,763 | -18.7% |
| Cash at bank and in hand | 54/58 | €65,378 | €99,401 | +€34,023 | +52.0% |
| Deferred charges and accrued income | 490/1 | €53 | €274 | +€221 | +416.9% |
| Total equity and liabilities | 10/49 | €114,285 | €138,597 | +€24,312 | +21.3% |
| Equity | 10/15 | €56,177 | €64,812 | +€8,635 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,827 | €58,462 | +€8,635 | +17.3% |
| Amounts payable | 17/49 | €58,108 | €73,785 | +€15,677 | +27.0% |
| Amounts payable within one year | 42/48 | €58,108 | €73,785 | +€15,677 | +27.0% |
| Trade debts | 44 | €37,925 | €44,634 | +€6,709 | +17.7% |
| Suppliers | 440/4 | €37,925 | €44,634 | +€6,709 | +17.7% |
| Taxes, remuneration and social security | 45 | €10,055 | €13,896 | +€3,841 | +38.2% |
| Taxes | 450/3 | €10,055 | €13,896 | +€3,841 | +38.2% |
| Other amounts payable | 47/48 | €10,128 | €15,255 | +€5,127 | +50.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,830 | €3,435 | +€605 | +21.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €4,056 | €15,823 | +€11,767 | +290.1% |
| Operating profit (loss) | 9901 | €1,226 | €11,989 | +€10,762 | +877.6% |
| Financial income | 75/76B | €0 | €32 | +€32 | +105633.3% |
| Recurring financial income | 75 | €0 | €32 | +€32 | +105633.3% |
| Financial charges | 65/66B | €60 | €213 | +€153 | +255.5% |
| Recurring financial charges | 65 | €60 | €213 | +€153 | +255.5% |
| Profit (loss) for the period before taxes | 9903 | €1,166 | €11,807 | +€10,641 | +912.3% |
| Income taxes | 67/77 | €811 | €3,172 | +€2,361 | +291.1% |
| Profit (loss) for the period | 9904 | €355 | €8,635 | +€8,280 | +2330.9% |
| Profit (loss) for the period to be appropriated | 9905 | €355 | €8,635 | +€8,280 | +2330.9% |
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 7 October 2026 via checked.be.