Unframed: 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.
Unframed
Largest movements
- Deferred charges and accrued income +€6,489
up €6,489 (+264.9%), from €2,449 to €8,938
- Cash -€2,731
down €2,731 (-12.1%), from €22,607 to €19,877
mainly Deferred charges and accrued income (-€6,489) and Investment in fixed assets (net) (-€1,894)
- Tangible fixed assets +€764
up €764 (+24.6%), from €3,108 to €3,872
of which Plant, machinery and equipment: +€989
- Reserves +€2,829
up €2,829 (+21.6%), from €13,107 to €15,936
- Accrued charges and deferred income +€1,980
up €1,980 (+197.1%), from €1,005 to €2,985
- Other debts -€833
no longer reported in 2025 (was €833)
- Trade debts +€496
up €496 (+66.5%), from €745 to €1,241
- Gross operating margin -€2,914
down €2,914 (-27.7%), from €10,505 to €7,591
- Taxes -€511
down €511 (-29.3%), from €1,747 to €1,236
- Financial charges +€472
up €472 (+40.7%), from €1,160 to €1,632
- Other operating charges -€352
down €352 (-36.2%), from €971 to €619
- Financial income -€154
down €154 (-96.9%), from €159 to €5
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 | €33,704 | €38,092 | +€4,388 | +13.0% |
| Fixed assets | 21/28 | €3,258 | €3,872 | +€614 | +18.8% |
| Tangible fixed assets | 22/27 | €3,108 | €3,872 | +€764 | +24.6% |
| Plant, machinery and equipment | 23 | €2,657 | €3,646 | +€989 | +37.2% |
| Furniture and vehicles | 24 | €451 | €225 | -€225 | -50.0% |
| Financial fixed assets | 28 | €150 | - | -€150 | |
| Current assets | 29/58 | €30,446 | €34,220 | +€3,774 | +12.4% |
| Stocks and contracts in progress | 3 | €100 | €100 | = | 0.0% |
| Stocks | 30/36 | €100 | €100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,290 | €5,306 | +€16 | +0.3% |
| Trade receivables | 40 | €1,105 | €2,340 | +€1,235 | +111.7% |
| Other amounts receivable | 41 | €4,185 | €2,966 | -€1,219 | -29.1% |
| Cash at bank and in hand | 54/58 | €22,607 | €19,877 | -€2,731 | -12.1% |
| Deferred charges and accrued income | 490/1 | €2,449 | €8,938 | +€6,489 | +264.9% |
| Total equity and liabilities | 10/49 | €33,704 | €38,092 | +€4,388 | +13.0% |
| Equity | 10/15 | €28,107 | €30,936 | +€2,829 | +10.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €13,107 | €15,936 | +€2,829 | +21.6% |
| Distributable reserves | 133 | €13,107 | €15,936 | +€2,829 | +21.6% |
| Amounts payable | 17/49 | €5,597 | €7,155 | +€1,559 | +27.8% |
| Amounts payable within one year | 42/48 | €4,592 | €4,171 | -€422 | -9.2% |
| Trade debts | 44 | €745 | €1,241 | +€496 | +66.5% |
| Suppliers | 440/4 | €745 | €1,241 | +€496 | +66.5% |
| Taxes, remuneration and social security | 45 | €3,014 | €2,930 | -€84 | -2.8% |
| Taxes | 450/3 | €3,014 | €2,930 | -€84 | -2.8% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | €1,005 | €2,985 | +€1,980 | +197.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €1,280 | +€146 | +12.9% |
| Other operating charges | 640/8 | €971 | €619 | -€352 | -36.2% |
| Gross operating margin | 9900 | €10,505 | €7,591 | -€2,914 | -27.7% |
| Operating profit (loss) | 9901 | €8,400 | €5,692 | -€2,708 | -32.2% |
| Financial income | 75/76B | €159 | €5 | -€154 | -96.9% |
| Recurring financial income | 75 | €159 | €5 | -€154 | -96.9% |
| Financial charges | 65/66B | €1,160 | €1,632 | +€472 | +40.7% |
| Recurring financial charges | 65 | €1,160 | €1,632 | +€472 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €7,400 | €4,065 | -€3,335 | -45.1% |
| Income taxes | 67/77 | €1,747 | €1,236 | -€511 | -29.3% |
| Profit (loss) for the period | 9904 | €5,653 | €2,829 | -€2,824 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,653 | €2,829 | -€2,824 | -50.0% |
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 7 October 2026 via checked.be.