FRAMO: 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.
FRAMO
Largest movements
- Tangible fixed assets +€9,619
up €9,619 (+71.1%), from €13,530 to €23,150
of which Plant, machinery and equipment: +€10,452
- Stocks and contracts -€4,394
down €4,394 (-30.0%), from €14,660 to €10,266
- Deferred charges and accrued income +€2,735
up €2,735 (+130.2%), from €2,100 to €4,835
- Receivables within one year -€2,469
down €2,469 (-40.9%), from €6,031 to €3,561
- Cash +€2,140
up €2,140 (+10.1%), from €21,098 to €23,238
mainly Other debts (+€6,429) and Accrued charges and deferred income (+€5,500)
- Other debts +€6,429
up €6,429 (+21.6%), from €29,765 to €36,193
- Accrued charges and deferred income +€5,500
up €5,500 (+52.4%), from €10,500 to €16,000
- Trade debts -€3,433
down €3,433 (-59.3%), from €5,793 to €2,361
- Tax, wage and social debts -€1,013
down €1,013 (-71.4%), from €1,419 to €406
- Gross operating margin -€16,701
down €16,701 (-81.9%), from €20,404 to €3,703
- Write-downs -€3,325
no longer reported in 2025 (was €3,325)
- Depreciation +€1,321
up €1,321 (+76.3%), from €1,732 to €3,053
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 | €67,419 | €75,050 | +€7,632 | +11.3% |
| Fixed assets | 21/28 | €13,530 | €23,150 | +€9,619 | +71.1% |
| Tangible fixed assets | 22/27 | €13,530 | €23,150 | +€9,619 | +71.1% |
| Plant, machinery and equipment | 23 | €11,156 | €21,608 | +€10,452 | +93.7% |
| Furniture and vehicles | 24 | €2,374 | €1,542 | -€833 | -35.1% |
| Current assets | 29/58 | €53,888 | €51,901 | -€1,988 | -3.7% |
| Stocks and contracts in progress | 3 | €14,660 | €10,266 | -€4,394 | -30.0% |
| Stocks | 30/36 | €14,660 | €10,266 | -€4,394 | -30.0% |
| Amounts receivable within one year | 40/41 | €6,031 | €3,561 | -€2,469 | -40.9% |
| Trade receivables | 40 | €6,031 | €3,561 | -€2,469 | -40.9% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,098 | €23,238 | +€2,140 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,100 | €4,835 | +€2,735 | +130.2% |
| Total equity and liabilities | 10/49 | €67,419 | €75,050 | +€7,632 | +11.3% |
| Equity | 10/15 | €19,941 | €20,090 | +€149 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,349 | €1,498 | +€149 | +11.0% |
| Distributable reserves | 133 | €1,349 | €1,498 | +€149 | +11.0% |
| Amounts payable | 17/49 | €47,477 | €54,960 | +€7,483 | +15.8% |
| Amounts payable within one year | 42/48 | €36,977 | €38,960 | +€1,983 | +5.4% |
| Trade debts | 44 | €5,793 | €2,361 | -€3,433 | -59.3% |
| Suppliers | 440/4 | €5,793 | €2,361 | -€3,433 | -59.3% |
| Taxes, remuneration and social security | 45 | €1,419 | €406 | -€1,013 | -71.4% |
| Taxes | 450/3 | €1,419 | €406 | -€1,013 | -71.4% |
| Other amounts payable | 47/48 | €29,765 | €36,193 | +€6,429 | +21.6% |
| Accrued charges and deferred income | 492/3 | €10,500 | €16,000 | +€5,500 | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,732 | €3,053 | +€1,321 | +76.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,325 | - | -€3,325 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €20,404 | €3,703 | -€16,701 | -81.9% |
| Operating profit (loss) | 9901 | €14,960 | €250 | -€14,709 | -98.3% |
| Financial charges | 65/66B | €74 | €87 | +€13 | +17.3% |
| Recurring financial charges | 65 | €74 | €87 | +€13 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €14,886 | €164 | -€14,722 | -98.9% |
| Income taxes | 67/77 | €135 | €15 | -€120 | -89.0% |
| Profit (loss) for the period | 9904 | €14,751 | €149 | -€14,602 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,751 | €149 | -€14,602 | -99.0% |
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 4 October 2026 via checked.be.