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.
FRAME
Largest movements
- Tangible fixed assets +€37,338
up €37,338 (+376%), from €9,941 to €47,280
of which Furniture and vehicles: +€38,387
- Cash +€16,153
up €16,153 (+296%), from €5,451 to €21,604
mainly Net result for the year (+€28,170) and Tax, wage and social debts (+€18,159)
- Receivables within one year +€771
up €771 (+38.4%), from €2,009 to €2,780
of which Trade receivables: +€932
- Tax, wage and social debts +€18,159
up €18,159 (+633%), from €2,869 to €21,028
of which Taxes: +€19,159
- Reserves +€16,793
up €16,793 (+903%), from €1,859 to €18,652
- Profit (loss) carried forward +€11,377
no longer reported in 2025 (was -€11,377)
- Other debts +€9,281
up €9,281 (+3,839%), from €242 to €9,522
- Current portion of long-term debt -€3,935
no longer reported in 2025 (was €3,935)
- Gross operating margin +€34,326
up €34,326 (+257%), from €13,358 to €47,685
- Taxes +€12,782
up €12,782 (+658%), from €1,942 to €14,724
- Depreciation -€5,170
down €5,170 (-58.6%), from €8,829 to €3,659
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 | €20,944 | €75,947 | +€55,003 | +263% |
| Fixed assets | 21/28 | €9,941 | €47,280 | +€37,338 | +376% |
| Tangible fixed assets | 22/27 | €9,941 | €47,280 | +€37,338 | +376% |
| Plant, machinery and equipment | 23 | €2,097 | €1,049 | -€1,048 | -50.0% |
| Furniture and vehicles | 24 | €7,844 | €46,231 | +€38,387 | +489% |
| Current assets | 29/58 | €11,003 | €28,668 | +€17,665 | +161% |
| Amounts receivable within one year | 40/41 | €2,009 | €2,780 | +€771 | +38.4% |
| Trade receivables | 40 | €290 | €1,222 | +€932 | +321% |
| Other amounts receivable | 41 | €1,718 | €1,558 | -€161 | -9.4% |
| Cash at bank and in hand | 54/58 | €5,451 | €21,604 | +€16,153 | +296% |
| Deferred charges and accrued income | 490/1 | €3,543 | €4,284 | +€741 | +20.9% |
| Total equity and liabilities | 10/49 | €20,944 | €75,947 | +€55,003 | +263% |
| Equity | 10/15 | €9,074 | €37,244 | +€28,170 | +310% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €18,652 | +€16,793 | +903% |
| Distributable reserves | 133 | €1,859 | €18,652 | +€16,793 | +903% |
| Profit (loss) carried forward | 14 | -€11,377 | - | +€11,377 | |
| Amounts payable | 17/49 | €11,870 | €38,703 | +€26,833 | +226% |
| Amounts payable within one year | 42/48 | €11,870 | €38,661 | +€26,791 | +226% |
| Current portion of amounts payable after more than one year | 42 | €3,935 | - | -€3,935 | |
| Trade debts | 44 | €4,825 | €8,111 | +€3,286 | +68.1% |
| Suppliers | 440/4 | €4,825 | €8,111 | +€3,286 | +68.1% |
| Taxes, remuneration and social security | 45 | €2,869 | €21,028 | +€18,159 | +633% |
| Taxes | 450/3 | €1,869 | €21,028 | +€19,159 | +1,025% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €242 | €9,522 | +€9,281 | +3,839% |
| Accrued charges and deferred income | 492/3 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,829 | €3,659 | -€5,170 | -58.6% |
| Other operating charges | 640/8 | €1,226 | €793 | -€433 | -35.3% |
| Gross operating margin | 9900 | €13,358 | €47,685 | +€34,326 | +257% |
| Operating profit (loss) | 9901 | €3,303 | €43,232 | +€39,929 | +1,209% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €418 | €338 | -€80 | -19.1% |
| Recurring financial charges | 65 | €418 | €338 | -€80 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €2,885 | €42,894 | +€40,009 | +1,387% |
| Income taxes | 67/77 | €1,942 | €14,724 | +€12,782 | +658% |
| Profit (loss) for the period | 9904 | €943 | €28,170 | +€27,227 | +2,888% |
| Profit (loss) for the period to be appropriated | 9905 | €943 | €28,170 | +€27,227 | +2,888% |
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.