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FRAMON: 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.

What changed

FRAMON

BE 0441.877.560
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€6,075
2025 · -€1,148-€4,927
Equity
€226,318
2025 · €232,393-€6,075
Cash
€7,778
2025 · €12,099-€4,321
Balance sheet total
€239,864
2025 · €246,588-€6,724

Largest movements

2025 to 2026
Assets
  • Cash -€4,321

    down €4,321 (-35.7%), from €12,099 to €7,778

    mainly Net result for the year (-€6,075) and Trade debts (-€1,332)

Equity and liabilities
  • Profit (loss) carried forward -€6,075

    down €6,075 (-6.8%), from -€89,123 to -€95,198

Income statement
  • Gross operating margin -€4,935

    down €4,935, from €4,441 to -€494

From the 2025 result to the 2026 result

effect on the 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.

Result 2025 -€1,148
Gross operating margin -€4,935
Other operating charges +€20
Financial charges -€12
Result 2026 -€6,075

Cash bridge derived

cash 2025 to 2026

Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations -€4,321
Investment €0
Financing €0
Cash 2025 €12,099
Net result for the year -€6,075
Depreciation +€1,822
Deferred charges and accrued income +€581
Trade debts -€1,332
Other debts +€682
Cash 2026 €7,778
Every line side by side 31 lines
Line Code 2025 2026 Change %
Total assets 20/58 €246,588 €239,864 -€6,724 -2.7%
Fixed assets 21/28 €233,908 €232,086 -€1,822 -0.8%
Tangible fixed assets 22/27 €233,908 €232,086 -€1,822 -0.8%
Land and buildings 22 €233,908 €232,086 -€1,822 -0.8%
Current assets 29/58 €12,680 €7,778 -€4,902 -38.7%
Cash at bank and in hand 54/58 €12,099 €7,778 -€4,321 -35.7%
Deferred charges and accrued income 490/1 €581 - -€581
Total equity and liabilities 10/49 €246,588 €239,864 -€6,724 -2.7%
Equity 10/15 €232,393 €226,318 -€6,075 -2.6%
Contributions 10/11 €150,000 €150,000 = 0.0%
Capital 10 €150,000 €150,000 = 0.0%
Issued capital 100 €150,000 €150,000 = 0.0%
Revaluation surpluses 12 €159,431 €159,431 = 0.0%
Reserves 13 €12,085 €12,085 = 0.0%
Non-distributable reserves 130/1 €12,085 €12,085 = 0.0%
Legal reserve 130 €12,085 €12,085 = 0.0%
Profit (loss) carried forward 14 -€89,123 -€95,198 -€6,075 -6.8%
Amounts payable 17/49 €14,195 €13,545 -€649 -4.6%
Amounts payable within one year 42/48 €14,195 €13,545 -€649 -4.6%
Trade debts 44 €1,332 - -€1,332
Suppliers 440/4 €1,332 - -€1,332
Other amounts payable 47/48 €12,863 €13,545 +€682 +5.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,822 €1,822 = 0.0%
Other operating charges 640/8 €3,634 €3,614 -€20 -0.6%
Gross operating margin 9900 €4,441 -€494 -€4,935
Operating profit (loss) 9901 -€1,015 -€5,930 -€4,915 -484.1%
Financial charges 65/66B €132 €145 +€12 +9.4%
Recurring financial charges 65 €132 €145 +€12 +9.4%
Profit (loss) for the period before taxes 9903 -€1,148 -€6,075 -€4,927 -429.3%
Profit (loss) for the period 9904 -€1,148 -€6,075 -€4,927 -429.3%
Profit (loss) for the period to be appropriated 9905 -€1,148 -€6,075 -€4,927 -429.3%

Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.