FROMAZARD: 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.
FROMAZARD
Largest movements
- Tangible fixed assets +€218,320
up €218,320 (+137.0%), from €159,381 to €377,702
of which Land and buildings: +€168,303
- Receivables within one year +€10,644
up €10,644 (+10.3%), from €103,335 to €113,980
of which Other amounts receivable: +€15,624
- Stocks and contracts -€7,785
down €7,785 (-9.1%), from €85,452 to €77,667
- Debts after one year +€204,585
up €204,585 (+202.4%), from €101,087 to €305,671
- Tax, wage and social debts -€19,923
down €19,923 (-27.6%), from €72,245 to €52,322
of which Remuneration and social security: -€10,458
- Reserves +€13,800
up €13,800 (+36.5%), from €37,859 to €51,659
of which Distributable reserves: +€13,800
- Trade debts +€13,737
up €13,737 (+8.8%), from €156,054 to €169,790
- Current portion of long-term debt +€11,320
up €11,320 (+30.5%), from €37,088 to €48,408
- Gross operating margin -€19,874
down €19,874 (-5.0%), from €398,651 to €378,776
- Staff costs -€18,401
down €18,401 (-5.8%), from €316,460 to €298,059
- Taxes -€6,916
down €6,916 (-50.3%), from €13,763 to €6,847
- Financial charges +€4,036
up €4,036 (+43.4%), from €9,295 to €13,332
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 | €421,234 | €641,706 | +€220,472 | +52.3% |
| Fixed assets | 21/28 | €161,245 | €378,802 | +€217,556 | +134.9% |
| Intangible fixed assets | 21 | €574 | €0 | -€574 | -100.0% |
| Tangible fixed assets | 22/27 | €159,381 | €377,702 | +€218,320 | +137.0% |
| Land and buildings | 22 | €117,721 | €286,023 | +€168,303 | +143.0% |
| Plant, machinery and equipment | 23 | €34,860 | €84,447 | +€49,587 | +142.2% |
| Furniture and vehicles | 24 | €6,801 | €7,232 | +€431 | +6.3% |
| Financial fixed assets | 28 | €1,290 | €1,100 | -€190 | -14.7% |
| Current assets | 29/58 | €259,989 | €262,905 | +€2,915 | +1.1% |
| Stocks and contracts in progress | 3 | €85,452 | €77,667 | -€7,785 | -9.1% |
| Stocks | 30/36 | €85,452 | €77,667 | -€7,785 | -9.1% |
| Amounts receivable within one year | 40/41 | €103,335 | €113,980 | +€10,644 | +10.3% |
| Trade receivables | 40 | €91,359 | €86,379 | -€4,980 | -5.5% |
| Other amounts receivable | 41 | €11,977 | €27,601 | +€15,624 | +130.5% |
| Cash at bank and in hand | 54/58 | €64,490 | €65,692 | +€1,202 | +1.9% |
| Deferred charges and accrued income | 490/1 | €6,712 | €5,566 | -€1,146 | -17.1% |
| Total equity and liabilities | 10/49 | €421,234 | €641,706 | +€220,472 | +52.3% |
| Equity | 10/15 | €51,650 | €65,515 | +€13,864 | +26.8% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Reserves | 13 | €37,859 | €51,659 | +€13,800 | +36.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €37,859 | €51,659 | +€13,800 | +36.5% |
| Profit (loss) carried forward | 14 | €157 | €221 | +€64 | +40.9% |
| Amounts payable | 17/49 | €369,584 | €576,192 | +€206,607 | +55.9% |
| Amounts payable after more than one year | 17 | €101,087 | €305,671 | +€204,585 | +202.4% |
| Financial debts | 170/4 | €101,087 | €305,671 | +€204,585 | +202.4% |
| Amounts payable within one year | 42/48 | €268,497 | €270,520 | +€2,023 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €37,088 | €48,408 | +€11,320 | +30.5% |
| Trade debts | 44 | €156,054 | €169,790 | +€13,737 | +8.8% |
| Suppliers | 440/4 | €156,054 | €169,790 | +€13,737 | +8.8% |
| Taxes, remuneration and social security | 45 | €72,245 | €52,322 | -€19,923 | -27.6% |
| Taxes | 450/3 | €29,115 | €19,650 | -€9,465 | -32.5% |
| Remuneration and social security | 454/9 | €43,130 | €32,672 | -€10,458 | -24.2% |
| Other amounts payable | 47/48 | €3,111 | €0 | -€3,111 | -100.0% |
| Remuneration, social security and pensions | 62 | €316,460 | €298,059 | -€18,401 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,929 | €30,524 | +€2,596 | +9.3% |
| Other operating charges | 640/8 | €926 | €729 | -€197 | -21.3% |
| Non-recurring operating charges | 66A | €2,333 | €15,420 | +€13,088 | +561.1% |
| Gross operating margin | 9900 | €398,651 | €378,776 | -€19,874 | -5.0% |
| Operating profit (loss) | 9901 | €51,004 | €34,043 | -€16,960 | -33.3% |
| Financial charges | 65/66B | €9,295 | €13,332 | +€4,036 | +43.4% |
| Recurring financial charges | 65 | €9,295 | €13,332 | +€4,036 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €41,708 | €20,711 | -€20,997 | -50.3% |
| Income taxes | 67/77 | €13,763 | €6,847 | -€6,916 | -50.3% |
| Profit (loss) for the period | 9904 | €27,945 | €13,864 | -€14,080 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,945 | €13,864 | -€14,080 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.