FRAMES PRODUCT: 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.
FRAMES PRODUCT
Largest movements
- Receivables within one year +€3,786
up €3,786 (+13.5%), from €27,945 to €31,731
of which Trade receivables: +€4,465
- Tangible fixed assets -€909
down €909 (-10.3%), from €8,811 to €7,902
- Profit (loss) carried forward +€3,970
up €3,970 (+6.6%), from -€60,494 to -€56,524
- Other debts +€2,898
new in 2025: €2,898
- Short-term financial debts -€2,160
down €2,160 (-70.6%), from €3,061 to €901
- Trade debts -€1,441
down €1,441 (-61.0%), from €2,360 to €920
- Turnover -€18,755
no longer reported in 2025 (was €18,755)
- Purchases and services -€15,223
no longer reported in 2025 (was €15,223)
- Gross operating margin +€3,678
up €3,678 (+104.1%), from €3,532 to €7,210
- Depreciation -€1,450
down €1,450 (-61.5%), from €2,359 to €909
- Taxes +€1,385
up €1,385 (+2322.3%), from €60 to €1,445
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,022 | €39,898 | +€2,877 | +7.8% |
| Fixed assets | 21/28 | €9,076 | €8,167 | -€909 | -10.0% |
| Tangible fixed assets | 22/27 | €8,811 | €7,902 | -€909 | -10.3% |
| Land and buildings | 22 | €8,811 | €7,902 | -€909 | -10.3% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €27,945 | €31,731 | +€3,786 | +13.5% |
| Amounts receivable within one year | 40/41 | €27,945 | €31,731 | +€3,786 | +13.5% |
| Trade receivables | 40 | €25,025 | €29,490 | +€4,465 | +17.8% |
| Other amounts receivable | 41 | €2,921 | €2,241 | -€679 | -23.3% |
| Total equity and liabilities | 10/49 | €37,022 | €39,898 | +€2,877 | +7.8% |
| Equity | 10/15 | €27,180 | €31,150 | +€3,970 | +14.6% |
| Contributions | 10/11 | €79,704 | €79,704 | = | 0.0% |
| Capital | 10 | €79,704 | €79,704 | = | 0.0% |
| Issued capital | 100 | €79,704 | €79,704 | = | 0.0% |
| Reserves | 13 | €7,970 | €7,970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,970 | €7,970 | = | 0.0% |
| Legal reserve | 130 | €7,970 | €7,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,494 | -€56,524 | +€3,970 | +6.6% |
| Amounts payable | 17/49 | €9,841 | €8,748 | -€1,093 | -11.1% |
| Amounts payable within one year | 42/48 | €9,841 | €8,748 | -€1,093 | -11.1% |
| Financial debts | 43 | €3,061 | €901 | -€2,160 | -70.6% |
| Credit institutions | 430/8 | €3,061 | €901 | -€2,160 | -70.6% |
| Trade debts | 44 | €2,360 | €920 | -€1,441 | -61.0% |
| Suppliers | 440/4 | €2,360 | €920 | -€1,441 | -61.0% |
| Taxes, remuneration and social security | 45 | €4,420 | €4,030 | -€390 | -8.8% |
| Taxes | 450/3 | €4,420 | €4,030 | -€390 | -8.8% |
| Other amounts payable | 47/48 | - | €2,898 | +€2,898 | |
| Turnover | 70 | €18,755 | - | -€18,755 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,223 | - | -€15,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €909 | -€1,450 | -61.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €3,532 | €7,210 | +€3,678 | +104.1% |
| Operating profit (loss) | 9901 | €786 | €5,901 | +€5,116 | +651.0% |
| Financial income | 75/76B | €1 | €3 | +€1 | +96.6% |
| Recurring financial income | 75 | €1 | €3 | +€1 | +96.6% |
| Financial charges | 65/66B | €568 | €489 | -€79 | -13.9% |
| Recurring financial charges | 65 | €568 | €489 | -€79 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €219 | €5,415 | +€5,196 | +2373.6% |
| Income taxes | 67/77 | €60 | €1,445 | +€1,385 | +2322.3% |
| Profit (loss) for the period | 9904 | €159 | €3,970 | +€3,811 | +2392.9% |
| Profit (loss) for the period to be appropriated | 9905 | €159 | €3,970 | +€3,811 | +2392.9% |
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.