FRAMTID: 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.
FRAMTID
Largest movements
- Tangible fixed assets +€586,131
up €586,131 (+2147.2%), from €27,297 to €613,428
of which Land and buildings: +€595,738
- Cash -€151,245
down €151,245 (-98.1%), from €154,099 to €2,854
mainly Investment in fixed assets (net) (-€676,613) and Deferred charges and accrued income (-€84,479)
- Deferred charges and accrued income +€84,479
up €84,479 (+2636.7%), from €3,204 to €87,683
- Receivables within one year +€54,440
up €54,440 (+293.2%), from €18,569 to €73,009
of which Trade receivables: +€46,940
- Debts after one year +€501,364
new in 2025: €501,364
- Current portion of long-term debt +€64,731
new in 2025: €64,731
- Profit (loss) carried forward +€63,860
up €63,860 (+230.2%), from €27,737 to €91,597
- Other debts -€50,566
down €50,566 (-72.8%), from €69,414 to €18,848
- Depreciation +€74,542
up €74,542 (+467.6%), from €15,940 to €90,482
- Gross operating margin +€70,777
up €70,777 (+72.6%), from €97,422 to €168,199
- Taxes -€9,276
down €9,276 (-50.1%), from €18,500 to €9,224
- Financial charges +€2,226
up €2,226 (+1426.9%), from €156 to €2,382
- Other operating charges +€2,091
up €2,091 (+313.0%), from €668 to €2,759
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 | €203,274 | €777,079 | +€573,805 | +282.3% |
| Fixed assets | 21/28 | €27,402 | €613,533 | +€586,131 | +2139.0% |
| Tangible fixed assets | 22/27 | €27,297 | €613,428 | +€586,131 | +2147.2% |
| Land and buildings | 22 | - | €595,738 | +€595,738 | |
| Furniture and vehicles | 24 | €27,297 | €17,690 | -€9,607 | -35.2% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €175,872 | €163,546 | -€12,326 | -7.0% |
| Amounts receivable within one year | 40/41 | €18,569 | €73,009 | +€54,440 | +293.2% |
| Trade receivables | 40 | €17,069 | €64,009 | +€46,940 | +275.0% |
| Other amounts receivable | 41 | €1,500 | €9,000 | +€7,500 | +500.0% |
| Cash at bank and in hand | 54/58 | €154,099 | €2,854 | -€151,245 | -98.1% |
| Deferred charges and accrued income | 490/1 | €3,204 | €87,683 | +€84,479 | +2636.7% |
| Total equity and liabilities | 10/49 | €203,274 | €777,079 | +€573,805 | +282.3% |
| Equity | 10/15 | €106,550 | €170,410 | +€63,860 | +59.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €72,813 | €72,813 | = | 0.0% |
| Distributable reserves | 133 | €72,813 | €72,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,737 | €91,597 | +€63,860 | +230.2% |
| Amounts payable | 17/49 | €96,724 | €606,669 | +€509,945 | +527.2% |
| Amounts payable after more than one year | 17 | - | €501,364 | +€501,364 | |
| Financial debts | 170/4 | - | €501,364 | +€501,364 | |
| Amounts payable within one year | 42/48 | €96,724 | €105,305 | +€8,581 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | - | €64,731 | +€64,731 | |
| Trade debts | 44 | €5,575 | €3,699 | -€1,876 | -33.7% |
| Suppliers | 440/4 | €5,575 | €3,699 | -€1,876 | -33.7% |
| Taxes, remuneration and social security | 45 | €21,735 | €18,027 | -€3,708 | -17.1% |
| Taxes | 450/3 | €21,735 | €18,027 | -€3,708 | -17.1% |
| Other amounts payable | 47/48 | €69,414 | €18,848 | -€50,566 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,940 | €90,482 | +€74,542 | +467.6% |
| Other operating charges | 640/8 | €668 | €2,759 | +€2,091 | +313.0% |
| Gross operating margin | 9900 | €97,422 | €168,199 | +€70,777 | +72.6% |
| Operating profit (loss) | 9901 | €80,814 | €74,958 | -€5,856 | -7.2% |
| Financial income | 75/76B | €58 | €508 | +€450 | +775.9% |
| Recurring financial income | 75 | €58 | €508 | +€450 | +775.9% |
| Financial charges | 65/66B | €156 | €2,382 | +€2,226 | +1426.9% |
| Recurring financial charges | 65 | €156 | €2,382 | +€2,226 | +1426.9% |
| Profit (loss) for the period before taxes | 9903 | €80,716 | €73,084 | -€7,632 | -9.5% |
| Income taxes | 67/77 | €18,500 | €9,224 | -€9,276 | -50.1% |
| Profit (loss) for the period | 9904 | €62,216 | €63,860 | +€1,644 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,216 | €63,860 | +€1,644 | +2.6% |
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 10 October 2026 via checked.be.