FRAMPAL: what changed
Two financial 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
FRAMPAL
NACE 16.240, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,710
2024 · €63,278-€60,568
Equity
€263,331
2024 · €260,620+€2,711
Cash
€32,731
2024 · €38,726-€5,995
Balance sheet total
€1.2m
2024 · €1.0m+€201,209
Largest movements
Assets
- Receivables within one year +€131,610
up €131,610 (+84.0%), from €156,637 to €288,247
of which Trade receivables: +€134,234
- Stocks and contracts +€88,649
up €88,649 (+47.8%), from €185,379 to €274,028
Equity and liabilities
- Trade debts +€130,175
up €130,175 (+109.6%), from €118,809 to €248,984
- Short-term financial debts +€123,617
up €123,617 (+68.7%), from €180,000 to €303,617
- Debts after one year -€45,348
down €45,348 (-13.4%), from €338,269 to €292,921
- Other debts -€41,755
down €41,755 (-41.3%), from €101,120 to €59,365
- Current portion of long-term debt +€31,796
up €31,796 (+122.7%), from €25,914 to €57,710
Income statement
- Turnover +€1.6m
new in 2025: €1.6m
- Purchases and services +€1.3m
new in 2025: €1.3m
- Gross operating margin -€19,932
down €19,932 (-5.7%), from €348,871 to €328,939
- Depreciation +€17,720
up €17,720 (+30.6%), from €57,918 to €75,638
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.
Result 2024
€63,278
Gross operating margin
-€19,932
Staff costs
+€4,594
Depreciation
-€17,720
Write-downs
-€3,063
Other operating charges
+€573
Other operating items
-€743
Financial income
+€700
Financial charges
-€14,988
Taxes
-€9,989
Result 2025
€2,710
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.
From operations
-€55,097
Investment
-€60,965
Financing
+€110,066
Cash 2024
€38,726
From operations (derived)
-€55,097
Net result for the year
+€2,710
Depreciation
+€75,638
Stocks and contracts
-€88,649
Receivables within one year
-€131,610
Deferred charges and accrued income
-€1,619
Trade debts
+€130,175
Tax, wage and social debts
-€1,855
Other debts
-€41,755
Accrued charges and deferred income
+€1,867
Investment (derived)
-€60,965
Investment in fixed assets (net)
-€60,965
Financing
+€110,066
Debts after one year
-€45,348
Current portion of long-term debt
+€31,796
Short-term financial debts
+€123,617
Contributions, distributions and other
+€1
Cash 2025
€32,731
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,952 | €1,248,161 | +€201,209 | +19.2% |
| Formation expenses | 20 | €3,728 | - | -€3,728 | |
| Fixed assets | 21/28 | €662,482 | €651,537 | -€10,946 | -1.7% |
| Intangible fixed assets | 21 | €61,973 | €61,973 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €600,509 | €589,563 | -€10,946 | -1.8% |
| Land and buildings | 22 | €439,313 | €415,154 | -€24,159 | -5.5% |
| Plant, machinery and equipment | 23 | €108,045 | €109,489 | +€1,444 | +1.3% |
| Furniture and vehicles | 24 | €53,151 | €41,311 | -€11,840 | -22.3% |
| Leasing and similar rights | 25 | - | €23,609 | +€23,609 | |
| Current assets | 29/58 | €380,742 | €596,625 | +€215,883 | +56.7% |
| Stocks and contracts in progress | 3 | €185,379 | €274,028 | +€88,649 | +47.8% |
| Stocks | 30/36 | €185,379 | €274,028 | +€88,649 | +47.8% |
| Amounts receivable within one year | 40/41 | €156,637 | €288,247 | +€131,610 | +84.0% |
| Trade receivables | 40 | €150,078 | €284,312 | +€134,234 | +89.4% |
| Other amounts receivable | 41 | €6,559 | €3,935 | -€2,624 | -40.0% |
| Cash at bank and in hand | 54/58 | €38,726 | €32,731 | -€5,995 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €1,619 | +€1,619 | |
| Total equity and liabilities | 10/49 | €1,046,952 | €1,248,161 | +€201,209 | +19.2% |
| Equity | 10/15 | €260,620 | €263,331 | +€2,711 | +1.0% |
| Contributions | 10/11 | €148,592 | €148,592 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €112,028 | €114,739 | +€2,711 | +2.4% |
| Amounts payable | 17/49 | €786,332 | €984,831 | +€198,499 | +25.2% |
| Amounts payable after more than one year | 17 | €338,269 | €292,921 | -€45,348 | -13.4% |
| Financial debts | 170/4 | €338,269 | €292,921 | -€45,348 | -13.4% |
| Amounts payable within one year | 42/48 | €448,063 | €690,042 | +€241,979 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €25,914 | €57,710 | +€31,796 | +122.7% |
| Financial debts | 43 | €180,000 | €303,617 | +€123,617 | +68.7% |
| Credit institutions | 430/8 | €180,000 | €303,617 | +€123,617 | +68.7% |
| Trade debts | 44 | €118,809 | €248,984 | +€130,175 | +109.6% |
| Suppliers | 440/4 | €118,809 | €248,984 | +€130,175 | +109.6% |
| Taxes, remuneration and social security | 45 | €22,220 | €20,365 | -€1,855 | -8.3% |
| Taxes | 450/3 | €1,119 | €10,629 | +€9,510 | +849.9% |
| Remuneration and social security | 454/9 | €21,101 | €9,736 | -€11,365 | -53.9% |
| Other amounts payable | 47/48 | €101,120 | €59,365 | -€41,755 | -41.3% |
| Accrued charges and deferred income | 492/3 | - | €1,867 | +€1,867 | |
| Turnover | 70 | - | €1,646,926 | +€1.6m | |
| Non-recurring operating income | 76A | €1 | €9,355 | +€9,354 | +935366.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,342,669 | +€1.3m | |
| Remuneration, social security and pensions | 62 | €195,959 | €191,365 | -€4,594 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,918 | €75,638 | +€17,720 | +30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,063 | +€3,063 | |
| Other operating charges | 640/8 | €9,601 | €9,028 | -€573 | -6.0% |
| Non-recurring operating charges | 66A | - | €743 | +€743 | |
| Gross operating margin | 9900 | €348,871 | €328,939 | -€19,932 | -5.7% |
| Operating profit (loss) | 9901 | €85,393 | €49,102 | -€36,291 | -42.5% |
| Financial income | 75/76B | €1,080 | €1,780 | +€700 | +64.9% |
| Recurring financial income | 75 | €1,080 | €1,780 | +€700 | +64.9% |
| Financial charges | 65/66B | €20,302 | €35,290 | +€14,988 | +73.8% |
| Recurring financial charges | 65 | €20,302 | €35,290 | +€14,988 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €66,171 | €15,592 | -€50,579 | -76.4% |
| Income taxes | 67/77 | €2,893 | €12,882 | +€9,989 | +345.3% |
| Profit (loss) for the period | 9904 | €63,278 | €2,710 | -€60,568 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,278 | €2,710 | -€60,568 | -95.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.