Framed: what changed
Two financial 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.
Framed
Largest movements
- Cash -€15,594
down €15,594 (-20.2%), from €77,335 to €61,740
mainly Other debts (-€37,236) and Trade debts (-€2,258)
- Receivables within one year -€3,512
down €3,512 (-13.3%), from €26,408 to €22,896
- Tangible fixed assets -€1,989
down €1,989 (-68.0%), from €2,924 to €935
- Other debts -€37,236
down €37,236 (-86.6%), from €42,995 to €5,760
- Reserves +€21,238
up €21,238 (+50.0%), from €42,470 to €63,708
- Trade debts -€2,258
down €2,258 (-21.4%), from €10,559 to €8,302
- Gross operating margin +€2,572
up €2,572 (+7.9%), from €32,462 to €35,035
- Depreciation -€2,236
down €2,236 (-52.9%), from €4,225 to €1,989
- Taxes +€1,505
up €1,505 (+20.4%), from €7,386 to €8,890
- Financial charges -€687
down €687 (-23.9%), from €2,875 to €2,188
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 | €109,383 | €89,182 | -€20,202 | -18.5% |
| Fixed assets | 21/28 | €2,924 | €935 | -€1,989 | -68.0% |
| Tangible fixed assets | 22/27 | €2,924 | €935 | -€1,989 | -68.0% |
| Furniture and vehicles | 24 | €2,924 | €935 | -€1,989 | -68.0% |
| Current assets | 29/58 | €106,460 | €88,246 | -€18,213 | -17.1% |
| Amounts receivable within one year | 40/41 | €26,408 | €22,896 | -€3,512 | -13.3% |
| Trade receivables | 40 | €26,408 | €22,896 | -€3,512 | -13.3% |
| Cash at bank and in hand | 54/58 | €77,335 | €61,740 | -€15,594 | -20.2% |
| Deferred charges and accrued income | 490/1 | €2,717 | €3,610 | +€893 | +32.9% |
| Total equity and liabilities | 10/49 | €109,383 | €89,182 | -€20,202 | -18.5% |
| Equity | 10/15 | €47,134 | €67,539 | +€20,405 | +43.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Contributions outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €42,470 | €63,708 | +€21,238 | +50.0% |
| Distributable reserves | 133 | €42,470 | €63,708 | +€21,238 | +50.0% |
| Profit (loss) carried forward | 14 | €4,564 | €3,731 | -€833 | -18.3% |
| Amounts payable | 17/49 | €62,249 | €21,643 | -€40,607 | -65.2% |
| Amounts payable within one year | 42/48 | €59,111 | €19,584 | -€39,527 | -66.9% |
| Financial debts | 43 | €81 | €37 | -€44 | -54.6% |
| Credit institutions | 430/8 | €81 | €37 | -€44 | -54.6% |
| Trade debts | 44 | €10,559 | €8,302 | -€2,258 | -21.4% |
| Suppliers | 440/4 | €10,559 | €8,302 | -€2,258 | -21.4% |
| Taxes, remuneration and social security | 45 | €5,474 | €5,485 | +€11 | +0.2% |
| Taxes | 450/3 | €5,474 | €5,485 | +€11 | +0.2% |
| Other amounts payable | 47/48 | €42,995 | €5,760 | -€37,236 | -86.6% |
| Accrued charges and deferred income | 492/3 | €3,139 | €2,059 | -€1,080 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,225 | €1,989 | -€2,236 | -52.9% |
| Other operating charges | 640/8 | €1,528 | €1,223 | -€306 | -20.0% |
| Gross operating margin | 9900 | €32,462 | €35,035 | +€2,572 | +7.9% |
| Operating profit (loss) | 9901 | €26,709 | €31,823 | +€5,114 | +19.1% |
| Financial income | 75/76B | €153 | €493 | +€340 | +223.1% |
| Recurring financial income | 75 | €153 | €493 | +€340 | +223.1% |
| Financial charges | 65/66B | €2,875 | €2,188 | -€687 | -23.9% |
| Recurring financial charges | 65 | €2,875 | €2,188 | -€687 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €23,986 | €30,128 | +€6,142 | +25.6% |
| Income taxes | 67/77 | €7,386 | €8,890 | +€1,505 | +20.4% |
| Profit (loss) for the period | 9904 | €16,600 | €21,238 | +€4,637 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,600 | €21,238 | +€4,637 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.