NICE TO FRAME: 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.
NICE TO FRAME
Largest movements
- Cash +€79,735
up €79,735 (+28.7%), from €277,519 to €357,254
mainly Net result for the year (+€86,191) and Depreciation (+€19,299)
- Tangible fixed assets -€10,246
down €10,246 (-13.4%), from €76,459 to €66,213
of which Furniture and vehicles: -€9,640
- Reserves +€86,190
up €86,190 (+29.0%), from €297,000 to €383,190
- Current portion of long-term debt -€8,846
down €8,846 (-91.7%), from €9,650 to €804
- Tax, wage and social debts -€7,898
down €7,898 (-38.8%), from €20,379 to €12,481
- Gross operating margin +€8,994
up €8,994 (+6.5%), from €138,854 to €147,848
- Write-downs -€6,669
down €6,669 (-89.8%), from €7,430 to €761
- Depreciation +€6,600
up €6,600 (+52.0%), from €12,699 to €19,299
- Financial income -€2,156
down €2,156 (-56.7%), from €3,804 to €1,648
- Taxes +€1,903
up €1,903 (+4.9%), from €38,445 to €40,348
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 | €365,089 | €434,266 | +€69,177 | +18.9% |
| Fixed assets | 21/28 | €76,459 | €66,213 | -€10,246 | -13.4% |
| Tangible fixed assets | 22/27 | €76,459 | €66,213 | -€10,246 | -13.4% |
| Land and buildings | 22 | €27,615 | €29,493 | +€1,878 | +6.8% |
| Plant, machinery and equipment | 23 | €4,502 | €2,019 | -€2,484 | -55.2% |
| Furniture and vehicles | 24 | €44,342 | €34,702 | -€9,640 | -21.7% |
| Current assets | 29/58 | €288,630 | €368,053 | +€79,423 | +27.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €10,468 | €9,866 | -€601 | -5.7% |
| Stocks | 30/36 | €10,468 | €9,866 | -€601 | -5.7% |
| Amounts receivable within one year | 40/41 | €642 | €932 | +€290 | +45.1% |
| Trade receivables | 40 | €642 | €932 | +€290 | +45.1% |
| Cash at bank and in hand | 54/58 | €277,519 | €357,254 | +€79,735 | +28.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €365,089 | €434,266 | +€69,177 | +18.9% |
| Equity | 10/15 | €316,809 | €403,000 | +€86,191 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €297,000 | €383,190 | +€86,190 | +29.0% |
| Distributable reserves | 133 | €297,000 | €383,190 | +€86,190 | +29.0% |
| Profit (loss) carried forward | 14 | €1,209 | €1,210 | +€1 | +0.1% |
| Amounts payable | 17/49 | €48,279 | €31,266 | -€17,014 | -35.2% |
| Amounts payable after more than one year | 17 | €804 | €0 | -€804 | -100% |
| Financial debts | 170/4 | €804 | €0 | -€804 | -100% |
| Amounts payable within one year | 42/48 | €47,476 | €31,266 | -€16,210 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €9,650 | €804 | -€8,846 | -91.7% |
| Trade debts | 44 | €13,691 | €13,015 | -€676 | -4.9% |
| Suppliers | 440/4 | €13,691 | €13,015 | -€676 | -4.9% |
| Taxes, remuneration and social security | 45 | €20,379 | €12,481 | -€7,898 | -38.8% |
| Taxes | 450/3 | €20,379 | €12,481 | -€7,898 | -38.8% |
| Other amounts payable | 47/48 | €3,756 | €4,966 | +€1,210 | +32.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,699 | €19,299 | +€6,600 | +52.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,430 | €761 | -€6,669 | -89.8% |
| Other operating charges | 640/8 | €2,592 | €2,652 | +€60 | +2.3% |
| Gross operating margin | 9900 | €138,854 | €147,848 | +€8,994 | +6.5% |
| Operating profit (loss) | 9901 | €116,134 | €125,137 | +€9,003 | +7.8% |
| Financial income | 75/76B | €3,804 | €1,648 | -€2,156 | -56.7% |
| Recurring financial income | 75 | €3,804 | €1,648 | -€2,156 | -56.7% |
| Financial charges | 65/66B | €500 | €247 | -€254 | -50.7% |
| Recurring financial charges | 65 | €500 | €247 | -€254 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €119,438 | €126,539 | +€7,101 | +5.9% |
| Income taxes | 67/77 | €38,445 | €40,348 | +€1,903 | +4.9% |
| Profit (loss) for the period | 9904 | €80,993 | €86,191 | +€5,198 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,993 | €86,191 | +€5,198 | +6.4% |
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 14 October 2026 via checked.be.