FRAMES ARTS: 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.
FRAMES ARTS
Largest movements
- Receivables within one year +€2,104
up €2,104 (+155%), from €1,359 to €3,463
- Tangible fixed assets -€543
down €543 (-50.0%), from €1,086 to €543
- Cash +€372
up €372 (+5.7%), from €6,565 to €6,937
mainly Tax, wage and social debts (+€15,025) and Other debts (+€11,485)
- Formation expenses -€207
down €207 (-50.0%), from €414 to €207
- Profit (loss) carried forward -€26,391
down €26,391 (-125%), from -€21,115 to -€47,506
- Tax, wage and social debts +€15,025
up €15,025 (+165%), from €9,109 to €24,134
of which Remuneration and social security: +€13,950
- Other debts +€11,485
up €11,485 (+64.2%), from €17,885 to €29,370
- Trade debts +€1,607
up €1,607 (+154%), from €1,046 to €2,652
- Staff costs +€2,508
up €2,508 (+19.9%), from €12,574 to €15,081
- Gross operating margin -€2,466
down €2,466 (-49.4%), from -€4,992 to -€7,458
- Financial charges -€1,496
down €1,496 (-33.6%), from €4,454 to €2,957
of which Non-recurring financial charges: -€1,546
- Other operating charges +€130
up €130 (+260%), from €50 to €180
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.
Derived cash bridge
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 | €9,424 | €11,150 | +€1,726 | +18.3% |
| Formation expenses | 20 | €414 | €207 | -€207 | -50.0% |
| Fixed assets | 21/28 | €1,086 | €543 | -€543 | -50.0% |
| Tangible fixed assets | 22/27 | €1,086 | €543 | -€543 | -50.0% |
| Plant, machinery and equipment | 23 | €1,086 | €543 | -€543 | -50.0% |
| Current assets | 29/58 | €7,925 | €10,400 | +€2,475 | +31.2% |
| Amounts receivable within one year | 40/41 | €1,359 | €3,463 | +€2,104 | +155% |
| Trade receivables | 40 | €1,359 | €3,463 | +€2,104 | +155% |
| Cash at bank and in hand | 54/58 | €6,565 | €6,937 | +€372 | +5.7% |
| Total equity and liabilities | 10/49 | €9,424 | €11,150 | +€1,726 | +18.3% |
| Equity | 10/15 | -€18,615 | -€45,006 | -€26,391 | -142% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,115 | -€47,506 | -€26,391 | -125% |
| Amounts payable | 17/49 | €28,039 | €56,156 | +€28,116 | +100% |
| Amounts payable within one year | 42/48 | €28,039 | €56,156 | +€28,116 | +100% |
| Trade debts | 44 | €1,046 | €2,652 | +€1,607 | +154% |
| Suppliers | 440/4 | €1,046 | €2,652 | +€1,607 | +154% |
| Taxes, remuneration and social security | 45 | €9,109 | €24,134 | +€15,025 | +165% |
| Taxes | 450/3 | €759 | €1,834 | +€1,075 | +142% |
| Remuneration and social security | 454/9 | €8,350 | €22,300 | +€13,950 | +167% |
| Other amounts payable | 47/48 | €17,885 | €29,370 | +€11,485 | +64.2% |
| Remuneration, social security and pensions | 62 | €12,574 | €15,081 | +€2,508 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €750 | = | 0.0% |
| Other operating charges | 640/8 | €50 | €180 | +€130 | +260% |
| Gross operating margin | 9900 | -€4,992 | -€7,458 | -€2,466 | -49.4% |
| Operating profit (loss) | 9901 | -€18,366 | -€23,469 | -€5,103 | -27.8% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Non-recurring financial income | 76B | - | €9 | +€9 | |
| Financial charges | 65/66B | €4,454 | €2,957 | -€1,496 | -33.6% |
| Recurring financial charges | 65 | €175 | €224 | +€49 | +28.2% |
| Non-recurring financial charges | 66B | €4,279 | €2,734 | -€1,546 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,819 | -€26,391 | -€3,572 | -15.7% |
| Profit (loss) for the period | 9904 | -€22,819 | -€26,391 | -€3,572 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,819 | -€26,391 | -€3,572 | -15.7% |
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 17 October 2026 via checked.be.