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 -€40,414
down €40,414 (-22.7%), from €178,349 to €137,935
of which Land and buildings: -€39,547
- Deferred charges and accrued income -€15,600
no longer reported in 2025 (was €15,600)
- Cash -€4,647
down €4,647 (-65.7%), from €7,072 to €2,426
mainly Other debts (-€36,215) and Net result for the year (-€22,862)
- Stocks and contracts -€2,366
no longer reported in 2025 (was €2,366)
- Other debts -€36,215
down €36,215 (-14.1%), from €257,668 to €221,453
- Profit (loss) carried forward -€22,862
down €22,862 (-12.8%), from -€179,217 to -€202,079
- Trade debts -€3,649
down €3,649 (-48.7%), from €7,488 to €3,839
- Gross operating margin -€7,711
down €7,711 (-26.9%), from €28,716 to €21,006
- Other operating charges +€935
up €935 (+39.8%), from €2,348 to €3,283
- Depreciation -€513
down €513 (-1.2%), from €41,144 to €40,630
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 | €206,935 | €145,374 | -€61,560 | -29.7% |
| Fixed assets | 21/28 | €178,999 | €138,369 | -€40,630 | -22.7% |
| Intangible fixed assets | 21 | €650 | €433 | -€217 | -33.3% |
| Tangible fixed assets | 22/27 | €178,349 | €137,935 | -€40,414 | -22.7% |
| Land and buildings | 22 | €176,897 | €137,350 | -€39,547 | -22.4% |
| Plant, machinery and equipment | 23 | €1,186 | €585 | -€601 | -50.6% |
| Furniture and vehicles | 24 | €266 | - | -€266 | |
| Current assets | 29/58 | €27,936 | €7,006 | -€20,930 | -74.9% |
| Stocks and contracts in progress | 3 | €2,366 | - | -€2,366 | |
| Stocks | 30/36 | €2,366 | - | -€2,366 | |
| Amounts receivable within one year | 40/41 | €2,897 | €4,580 | +€1,683 | +58.1% |
| Trade receivables | 40 | €2,270 | €4,580 | +€2,310 | +101.7% |
| Other amounts receivable | 41 | €627 | - | -€627 | |
| Cash at bank and in hand | 54/58 | €7,072 | €2,426 | -€4,647 | -65.7% |
| Deferred charges and accrued income | 490/1 | €15,600 | - | -€15,600 | |
| Total equity and liabilities | 10/49 | €206,935 | €145,374 | -€61,560 | -29.7% |
| Equity | 10/15 | -€58,472 | -€81,334 | -€22,862 | -39.1% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €52,146 | €52,146 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,146 | €52,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,217 | -€202,079 | -€22,862 | -12.8% |
| Amounts payable | 17/49 | €265,406 | €226,708 | -€38,698 | -14.6% |
| Amounts payable within one year | 42/48 | €265,406 | €226,708 | -€38,698 | -14.6% |
| Trade debts | 44 | €7,488 | €3,839 | -€3,649 | -48.7% |
| Suppliers | 440/4 | €7,488 | €3,839 | -€3,649 | -48.7% |
| Taxes, remuneration and social security | 45 | €250 | €1,415 | +€1,165 | +466.5% |
| Taxes | 450/3 | €250 | €1,415 | +€1,165 | +466.5% |
| Other amounts payable | 47/48 | €257,668 | €221,453 | -€36,215 | -14.1% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,144 | €40,630 | -€513 | -1.2% |
| Other operating charges | 640/8 | €2,348 | €3,283 | +€935 | +39.8% |
| Gross operating margin | 9900 | €28,716 | €21,006 | -€7,711 | -26.9% |
| Operating profit (loss) | 9901 | -€14,775 | -€22,907 | -€8,132 | -55.0% |
| Financial income | 75/76B | €93 | €164 | +€71 | +76.7% |
| Recurring financial income | 75 | €93 | €164 | +€71 | +76.7% |
| Financial charges | 65/66B | €117 | €119 | +€2 | +1.5% |
| Recurring financial charges | 65 | €117 | €119 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,799 | -€22,862 | -€8,063 | -54.5% |
| Profit (loss) for the period | 9904 | -€14,799 | -€22,862 | -€8,063 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,799 | -€22,862 | -€8,063 | -54.5% |
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.