FROMES: 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.
FROMES
Largest movements
- Receivables within one year +€61,081
up €61,081 (+73.3%), from €83,337 to €144,418
of which Trade receivables: +€62,397
- Cash +€4,722
up €4,722 (+111%), from €4,244 to €8,966
mainly Net result for the year (+€48,577) and Other debts (+€13,437)
- Tangible fixed assets -€2,951
down €2,951 (-31.4%), from €9,385 to €6,434
of which Furniture and vehicles: -€3,436
- Profit (loss) carried forward +€48,577
up €48,577 (+21.2%), from -€229,472 to -€180,895
- Other debts +€13,437
up €13,437 (+22.4%), from €60,075 to €73,513
- Trade debts -€11,482
down €11,482 (-84.4%), from €13,612 to €2,129
- Advances received +€7,317
up €7,317 (+31.9%), from €22,933 to €30,250
- Tax, wage and social debts +€6,223
up €6,223 (+1,057%), from €589 to €6,812
- Gross operating margin +€116,733
up €116,733, from -€58,389 to €58,344
- Depreciation -€2,478
down €2,478 (-30.2%), from €8,217 to €5,739
- Financial charges +€1,242
up €1,242 (+194%), from €642 to €1,884
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.
Derived cash bridge
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 | €116,939 | €181,010 | +€64,072 | +54.8% |
| Fixed assets | 21/28 | €9,385 | €6,434 | -€2,951 | -31.4% |
| Tangible fixed assets | 22/27 | €9,385 | €6,434 | -€2,951 | -31.4% |
| Plant, machinery and equipment | 23 | €4,413 | €4,898 | +€485 | +11.0% |
| Furniture and vehicles | 24 | €4,972 | €1,536 | -€3,436 | -69.1% |
| Current assets | 29/58 | €107,554 | €174,576 | +€67,022 | +62.3% |
| Stocks and contracts in progress | 3 | €18,967 | €19,568 | +€601 | +3.2% |
| Stocks | 30/36 | €18,967 | €19,568 | +€601 | +3.2% |
| Amounts receivable within one year | 40/41 | €83,337 | €144,418 | +€61,081 | +73.3% |
| Trade receivables | 40 | €82,009 | €144,406 | +€62,397 | +76.1% |
| Other amounts receivable | 41 | €1,328 | €12 | -€1,316 | -99.1% |
| Cash at bank and in hand | 54/58 | €4,244 | €8,966 | +€4,722 | +111% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,624 | +€619 | +61.6% |
| Total equity and liabilities | 10/49 | €116,939 | €181,010 | +€64,072 | +54.8% |
| Equity | 10/15 | €19,730 | €68,306 | +€48,577 | +246% |
| Contributions | 10/11 | €238,416 | €238,416 | = | 0.0% |
| Reserves | 13 | €10,785 | €10,785 | = | 0.0% |
| Distributable reserves | 133 | €10,785 | €10,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,472 | -€180,895 | +€48,577 | +21.2% |
| Amounts payable | 17/49 | €97,209 | €112,704 | +€15,495 | +15.9% |
| Amounts payable within one year | 42/48 | €97,209 | €112,704 | +€15,495 | +15.9% |
| Trade debts | 44 | €13,612 | €2,129 | -€11,482 | -84.4% |
| Suppliers | 440/4 | €13,612 | €2,129 | -€11,482 | -84.4% |
| Advances received on contracts in progress | 46 | €22,933 | €30,250 | +€7,317 | +31.9% |
| Taxes, remuneration and social security | 45 | €589 | €6,812 | +€6,223 | +1,057% |
| Taxes | 450/3 | €589 | €6,812 | +€6,223 | +1,057% |
| Other amounts payable | 47/48 | €60,075 | €73,513 | +€13,437 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,217 | €5,739 | -€2,478 | -30.2% |
| Other operating charges | 640/8 | €1,920 | €2,161 | +€241 | +12.6% |
| Gross operating margin | 9900 | -€58,389 | €58,344 | +€116,733 | |
| Operating profit (loss) | 9901 | -€68,526 | €50,444 | +€118,970 | |
| Financial income | 75/76B | €9 | €325 | +€316 | +3,564% |
| Recurring financial income | 75 | €9 | €325 | +€316 | +3,564% |
| Financial charges | 65/66B | €642 | €1,884 | +€1,242 | +194% |
| Recurring financial charges | 65 | €642 | €1,884 | +€1,242 | +194% |
| Profit (loss) for the period before taxes | 9903 | -€69,159 | €48,885 | +€118,044 | |
| Income taxes | 67/77 | €300 | €308 | +€8 | +2.8% |
| Profit (loss) for the period | 9904 | -€69,459 | €48,577 | +€118,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,459 | €48,577 | +€118,035 |
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 13 October 2026 via checked.be.