FRAMI: 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.
FRAMI
Largest movements
- Current investments -€49,953
down €49,953 (-6.1%), from €818,590 to €768,637
- Tangible fixed assets -€48,324
down €48,324 (-4.0%), from €1.2m to €1.2m
of which Land and buildings: -€47,580
- Reserves -€110,000
down €110,000 (-2.8%), from €4.0m to €3.9m
of which Distributable reserves: -€110,000
- Purchases and services -€14,609
down €14,609 (-9.6%), from €151,583 to €136,974
- Gross operating margin +€8,410
up €8,410 (+39.7%), from -€21,186 to -€12,776
- Turnover -€6,199
down €6,199 (-4.8%), from €130,397 to €124,198
- Financial income +€2,881
up €2,881 (+23.4%), from €12,316 to €15,197
- Other operating charges -€2,569
down €2,569 (-18.2%), from €14,083 to €11,514
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 | €4,258,823 | €4,138,713 | -€120,110 | -2.8% |
| Fixed assets | 21/28 | €1,215,322 | €1,166,998 | -€48,324 | -4.0% |
| Tangible fixed assets | 22/27 | €1,215,154 | €1,166,830 | -€48,324 | -4.0% |
| Land and buildings | 22 | €1,211,195 | €1,163,615 | -€47,580 | -3.9% |
| Plant, machinery and equipment | 23 | €3,959 | €3,215 | -€744 | -18.8% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €3,043,501 | €2,971,715 | -€71,786 | -2.4% |
| Amounts receivable within one year | 40/41 | - | €143 | +€143 | |
| Trade receivables | 40 | - | €143 | +€143 | |
| Current investments | 50/53 | €818,590 | €768,637 | -€49,953 | -6.1% |
| Cash at bank and in hand | 54/58 | €2,224,911 | €2,202,935 | -€21,976 | -1.0% |
| Total equity and liabilities | 10/49 | €4,258,823 | €4,138,713 | -€120,110 | -2.8% |
| Equity | 10/15 | €4,134,221 | €4,011,783 | -€122,438 | -3.0% |
| Contributions | 10/11 | €133,863 | €133,863 | = | 0.0% |
| Capital | 10 | €133,863 | €133,863 | = | 0.0% |
| Issued capital | 100 | €133,863 | €133,863 | = | 0.0% |
| Reserves | 13 | €3,982,710 | €3,872,710 | -€110,000 | -2.8% |
| Non-distributable reserves | 130/1 | €13,386 | €13,386 | = | 0.0% |
| Legal reserve | 130 | €13,386 | €13,386 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,324 | €49,324 | = | 0.0% |
| Distributable reserves | 133 | €3,920,000 | €3,810,000 | -€110,000 | -2.8% |
| Profit (loss) carried forward | 14 | €17,648 | €5,210 | -€12,438 | -70.5% |
| Provisions and deferred taxes | 16 | €115,922 | €115,922 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €99,157 | €99,157 | = | 0.0% |
| Pensions and similar obligations | 160 | €99,157 | €99,157 | = | 0.0% |
| Deferred taxes | 168 | €16,765 | €16,765 | = | 0.0% |
| Amounts payable | 17/49 | €8,680 | €11,008 | +€2,328 | +26.8% |
| Amounts payable within one year | 42/48 | €8,680 | €11,008 | +€2,328 | +26.8% |
| Trade debts | 44 | €1,423 | €5,238 | +€3,815 | +268.1% |
| Suppliers | 440/4 | €1,423 | €5,238 | +€3,815 | +268.1% |
| Taxes, remuneration and social security | 45 | €1,144 | - | -€1,144 | |
| Taxes | 450/3 | €1,144 | - | -€1,144 | |
| Other amounts payable | 47/48 | €6,113 | €5,770 | -€343 | -5.6% |
| Turnover | 70 | €130,397 | €124,198 | -€6,199 | -4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,583 | €136,974 | -€14,609 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,323 | €48,324 | +€1 | 0.0% |
| Other operating charges | 640/8 | €14,083 | €11,514 | -€2,569 | -18.2% |
| Gross operating margin | 9900 | -€21,186 | -€12,776 | +€8,410 | +39.7% |
| Operating profit (loss) | 9901 | -€83,592 | -€72,614 | +€10,978 | +13.1% |
| Financial income | 75/76B | €12,316 | €15,197 | +€2,881 | +23.4% |
| Recurring financial income | 75 | €12,316 | €15,197 | +€2,881 | +23.4% |
| Financial charges | 65/66B | €203 | €734 | +€531 | +261.6% |
| Recurring financial charges | 65 | €203 | €734 | +€531 | +261.6% |
| Profit (loss) for the period before taxes | 9903 | -€71,479 | -€58,151 | +€13,328 | +18.6% |
| Income taxes | 67/77 | €146 | - | -€146 | |
| Profit (loss) for the period | 9904 | -€71,625 | -€58,151 | +€13,474 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,625 | -€58,151 | +€13,474 | +18.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.