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
- Cash -€186,291
down €186,291 (-62.6%), from €297,625 to €111,334
mainly Receivables within one year (-€126,748) and Tax, wage and social debts (-€31,934)
- Receivables within one year +€126,748
up €126,748 (+75.3%), from €168,273 to €295,022
- Tangible fixed assets -€13,616
down €13,616 (-6.0%), from €228,300 to €214,684
of which Land and buildings: -€13,264
- Tax, wage and social debts -€31,934
no longer reported in 2024 (was €31,934)
- Debts after one year -€25,134
down €25,134 (-19.5%), from €128,704 to €103,570
- Profit (loss) carried forward -€9,988
down €9,988 (-50.9%), from -€19,637 to -€29,626
- Gross operating margin +€9,740
up €9,740 (+95.5%), from -€10,201 to -€461
- Taxes +€866
up €866, from -€516 to €350
- Financial income +€827
up €827 (+35.3%), from €2,345 to €3,172
- Depreciation +€818
up €818 (+6.4%), from €12,798 to €13,616
- Other operating charges -€536
down €536 (-22.8%), from €2,352 to €1,816
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,542 | €621,040 | -€75,503 | -10.8% |
| Fixed assets | 21/28 | €228,300 | €214,684 | -€13,616 | -6.0% |
| Tangible fixed assets | 22/27 | €228,300 | €214,684 | -€13,616 | -6.0% |
| Land and buildings | 22 | €227,902 | €214,638 | -€13,264 | -5.8% |
| Furniture and vehicles | 24 | €398 | €46 | -€352 | -88.4% |
| Current assets | 29/58 | €468,243 | €406,356 | -€61,887 | -13.2% |
| Amounts receivable within one year | 40/41 | €168,273 | €295,022 | +€126,748 | +75.3% |
| Other amounts receivable | 41 | €168,273 | €295,022 | +€126,748 | +75.3% |
| Cash at bank and in hand | 54/58 | €297,625 | €111,334 | -€186,291 | -62.6% |
| Deferred charges and accrued income | 490/1 | €2,344 | - | -€2,344 | |
| Total equity and liabilities | 10/49 | €696,542 | €621,040 | -€75,503 | -10.8% |
| Equity | 10/15 | €436,553 | €422,736 | -€13,817 | -3.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €436,191 | €432,362 | -€3,829 | -0.9% |
| Tax-exempt reserves | 132 | €57,434 | €53,605 | -€3,829 | -6.7% |
| Distributable reserves | 133 | €378,757 | €378,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,637 | -€29,626 | -€9,988 | -50.9% |
| Provisions and deferred taxes | 16 | €19,145 | €17,868 | -€1,276 | -6.7% |
| Deferred taxes | 168 | €19,145 | €17,868 | -€1,276 | -6.7% |
| Amounts payable | 17/49 | €240,844 | €180,435 | -€60,409 | -25.1% |
| Amounts payable after more than one year | 17 | €128,704 | €103,570 | -€25,134 | -19.5% |
| Financial debts | 170/4 | €128,704 | €103,570 | -€25,134 | -19.5% |
| Amounts payable within one year | 42/48 | €112,140 | €76,478 | -€35,663 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €24,838 | €25,134 | +€296 | +1.2% |
| Trade debts | 44 | €296 | €726 | +€430 | +145.5% |
| Suppliers | 440/4 | €296 | €726 | +€430 | +145.5% |
| Taxes, remuneration and social security | 45 | €31,934 | - | -€31,934 | |
| Taxes | 450/3 | €31,934 | - | -€31,934 | |
| Other amounts payable | 47/48 | €55,073 | €50,618 | -€4,455 | -8.1% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,798 | €13,616 | +€818 | +6.4% |
| Other operating charges | 640/8 | €2,352 | €1,816 | -€536 | -22.8% |
| Gross operating margin | 9900 | -€10,201 | -€461 | +€9,740 | +95.5% |
| Operating profit (loss) | 9901 | -€25,351 | -€15,893 | +€9,458 | +37.3% |
| Financial income | 75/76B | €2,345 | €3,172 | +€827 | +35.3% |
| Recurring financial income | 75 | €2,345 | €3,172 | +€827 | +35.3% |
| Financial charges | 65/66B | €2,253 | €2,022 | -€230 | -10.2% |
| Recurring financial charges | 65 | €2,253 | €2,022 | -€230 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,259 | -€14,743 | +€10,516 | +41.6% |
| Transfer from deferred taxes | 780 | €1,276 | €1,276 | = | 0.0% |
| Income taxes | 67/77 | -€516 | €350 | +€866 | |
| Profit (loss) for the period | 9904 | -€23,466 | -€13,817 | +€9,649 | +41.1% |
| Transfer from tax-exempt reserves | 789 | €3,829 | €3,829 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,637 | -€9,988 | +€9,649 | +49.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.