FROMM: 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
FROMM
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,154
2024 · €29,821-€35,975
Equity
€1.2m
2024 · €1.2m-€6,154
Cash
€135,975
2024 · €139,291-€3,316
Balance sheet total
€1.7m
2024 · €2.0m-€259,155
Largest movements
Assets
- Stocks and contracts -€144,889
down €144,889 (-13.7%), from €1.1m to €915,306
- Receivables within one year -€70,849
down €70,849 (-11.4%), from €619,506 to €548,658
of which Trade receivables: -€63,435
- Intangible fixed assets -€50,660
down €50,660 (-48.2%), from €105,000 to €54,340
Equity and liabilities
- Advances received -€114,140
no longer reported in 2025 (was €114,140)
- Trade debts -€91,939
down €91,939 (-19.1%), from €481,283 to €389,344
of which Suppliers: -€83,891
- Tax, wage and social debts -€26,277
down €26,277 (-17.6%), from €149,129 to €122,852
of which Taxes: -€14,053
Income statement
- Gross operating margin -€48,354
down €48,354 (-5.4%), from €889,072 to €840,717
- Taxes -€13,315
down €13,315 (-64.4%), from €20,661 to €7,346
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
€29,821
Gross operating margin
-€48,354
Staff costs
-€3,190
Depreciation
+€822
Write-downs
+€950
Other operating charges
-€5,487
Financial income
+€5,626
Financial charges
+€342
Taxes
+€13,315
Result 2025
-€6,154
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
+€19,239
Investment
-€2,284
Financing
-€20,270
Cash 2024
€139,291
From operations (derived)
+€19,239
Net result for the year
-€6,154
Depreciation
+€56,881
Stocks and contracts
+€144,889
Receivables within one year
+€70,849
Deferred charges and accrued income
-€14,496
Trade debts
-€91,939
Tax, wage and social debts
-€26,277
Advances received
-€114,140
Accrued charges and deferred income
-€375
Investment (derived)
-€2,284
Investment in fixed assets (net)
-€2,284
Financing
-€20,270
Debts after one year
-€15,350
Current portion of long-term debt
-€4,920
Cash 2025
€135,975
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,960,600 | €1,701,445 | -€259,155 | -13.2% |
| Fixed assets | 21/28 | €136,876 | €82,279 | -€54,597 | -39.9% |
| Intangible fixed assets | 21 | €105,000 | €54,340 | -€50,660 | -48.2% |
| Tangible fixed assets | 22/27 | €31,875 | €27,939 | -€3,937 | -12.4% |
| Land and buildings | 22 | €29,308 | €25,282 | -€4,026 | -13.7% |
| Furniture and vehicles | 24 | €2,567 | €2,656 | +€89 | +3.5% |
| Current assets | 29/58 | €1,823,724 | €1,619,167 | -€204,558 | -11.2% |
| Stocks and contracts in progress | 3 | €1,060,195 | €915,306 | -€144,889 | -13.7% |
| Stocks | 30/36 | €1,060,195 | €915,306 | -€144,889 | -13.7% |
| Amounts receivable within one year | 40/41 | €619,506 | €548,658 | -€70,849 | -11.4% |
| Trade receivables | 40 | €599,204 | €535,770 | -€63,435 | -10.6% |
| Other amounts receivable | 41 | €20,302 | €12,888 | -€7,414 | -36.5% |
| Cash at bank and in hand | 54/58 | €139,291 | €135,975 | -€3,316 | -2.4% |
| Deferred charges and accrued income | 490/1 | €4,732 | €19,227 | +€14,496 | +306.3% |
| Total equity and liabilities | 10/49 | €1,960,600 | €1,701,445 | -€259,155 | -13.2% |
| Equity | 10/15 | €1,179,678 | €1,173,524 | -€6,154 | -0.5% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €906,785 | €900,631 | -€6,154 | -0.7% |
| Amounts payable | 17/49 | €780,922 | €527,922 | -€253,000 | -32.4% |
| Amounts payable after more than one year | 17 | €15,350 | - | -€15,350 | |
| Financial debts | 170/4 | €15,350 | - | -€15,350 | |
| Amounts payable within one year | 42/48 | €764,821 | €527,546 | -€237,275 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €20,270 | €15,350 | -€4,920 | -24.3% |
| Trade debts | 44 | €481,283 | €389,344 | -€91,939 | -19.1% |
| Suppliers | 440/4 | €473,235 | €389,344 | -€83,891 | -17.7% |
| Bills of exchange payable | 441 | €8,048 | - | -€8,048 | |
| Advances received on contracts in progress | 46 | €114,140 | - | -€114,140 | |
| Taxes, remuneration and social security | 45 | €149,129 | €122,852 | -€26,277 | -17.6% |
| Taxes | 450/3 | €44,693 | €30,639 | -€14,053 | -31.4% |
| Remuneration and social security | 454/9 | €104,436 | €92,213 | -€12,223 | -11.7% |
| Accrued charges and deferred income | 492/3 | €750 | €376 | -€375 | -49.9% |
| Remuneration, social security and pensions | 62 | €761,674 | €764,864 | +€3,190 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,704 | €56,881 | -€822 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,884 | -€3,834 | -€950 | -33.0% |
| Other operating charges | 640/8 | €10,722 | €16,209 | +€5,487 | +51.2% |
| Gross operating margin | 9900 | €889,072 | €840,717 | -€48,354 | -5.4% |
| Operating profit (loss) | 9901 | €61,856 | €6,597 | -€55,258 | -89.3% |
| Financial income | 75/76B | €275 | €5,901 | +€5,626 | +2045.4% |
| Recurring financial income | 75 | €275 | €5,901 | +€5,626 | +2045.4% |
| Financial charges | 65/66B | €11,649 | €11,307 | -€342 | -2.9% |
| Recurring financial charges | 65 | €11,649 | €11,307 | -€342 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €50,482 | €1,191 | -€49,291 | -97.6% |
| Income taxes | 67/77 | €20,661 | €7,346 | -€13,315 | -64.4% |
| Profit (loss) for the period | 9904 | €29,821 | -€6,154 | -€35,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,821 | -€6,154 | -€35,975 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.