FRAMACA: 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.
FRAMACA
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+17,299%), from €10,622 to €1.8m
- Cash +€696,438
up €696,438 (+105,603%), from €659 to €697,098
mainly Debts after one year (+€1.4m) and Other debts (+€716,825)
- Receivables within one year -€266,030
down €266,030 (-14.0%), from €1.9m to €1.6m
of which Other amounts receivable: -€166,030
- Debts after one year +€1.4m
up €1.4m (+46.8%), from €3.0m to €4.4m
- Other debts +€716,825
up €716,825 (+44.0%), from €1.6m to €2.3m
- Short-term financial debts +€180,000
new in 2024: €180,000
- Other operating charges +€235,656
up €235,656 (+24,541%), from €960 to €236,616
- Gross operating margin +€183,118
up €183,118 (+231%), from €79,272 to €262,390
- Financial charges +€6,014
up €6,014 (+4.6%), from €132,060 to €138,074
of which Financial charges: +€6,014
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,993,520 | €14,268,027 | +€2.3m | +19.0% |
| Fixed assets | 21/28 | €10,024,855 | €11,867,265 | +€1.8m | +18.4% |
| Tangible fixed assets | 22/27 | €10,622 | €1,848,190 | +€1.8m | +17,299% |
| Land and buildings | 22 | €10,622 | €1,848,190 | +€1.8m | +17,299% |
| Financial fixed assets | 28 | €10,014,233 | €10,019,075 | +€4,842 | 0.0% |
| Current assets | 29/58 | €1,968,665 | €2,400,762 | +€432,097 | +21.9% |
| Amounts receivable within one year | 40/41 | €1,897,845 | €1,631,814 | -€266,030 | -14.0% |
| Trade receivables | 40 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 41 | €1,797,845 | €1,631,814 | -€166,030 | -9.2% |
| Current investments | 50/53 | €70,161 | €71,850 | +€1,689 | +2.4% |
| Cash at bank and in hand | 54/58 | €659 | €697,098 | +€696,438 | +105,603% |
| Total equity and liabilities | 10/49 | €11,993,520 | €14,268,027 | +€2.3m | +19.0% |
| Equity | 10/15 | €7,366,143 | €7,308,100 | -€58,043 | -0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,076,150 | €2,076,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,070,000 | €2,070,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,228,493 | €5,170,450 | -€58,043 | -1.1% |
| Amounts payable | 17/49 | €4,627,377 | €6,959,927 | +€2.3m | +50.4% |
| Amounts payable after more than one year | 17 | €2,977,111 | €4,370,771 | +€1.4m | +46.8% |
| Financial debts | 170/4 | €2,977,111 | €4,370,771 | +€1.4m | +46.8% |
| Amounts payable within one year | 42/48 | €1,650,266 | €2,589,156 | +€938,890 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | - | €64,007 | +€64,007 | |
| Financial debts | 43 | - | €180,000 | +€180,000 | |
| Credit institutions | 430/8 | - | €180,000 | +€180,000 | |
| Trade debts | 44 | €114 | €64 | -€51 | -44.2% |
| Suppliers | 440/4 | €114 | €64 | -€51 | -44.2% |
| Taxes, remuneration and social security | 45 | €22,792 | €900 | -€21,892 | -96.1% |
| Taxes | 450/3 | €22,792 | €900 | -€21,892 | -96.1% |
| Other amounts payable | 47/48 | €1,627,360 | €2,344,185 | +€716,825 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €2,544 | +€2,268 | +822% |
| Other operating charges | 640/8 | €960 | €236,616 | +€235,656 | +24,541% |
| Gross operating margin | 9900 | €79,272 | €262,390 | +€183,118 | +231% |
| Operating profit (loss) | 9901 | €78,036 | €23,229 | -€54,807 | -70.2% |
| Financial income | 75/76B | €55,086 | €56,802 | +€1,716 | +3.1% |
| Recurring financial income | 75 | €55,086 | €56,802 | +€1,716 | +3.1% |
| Financial charges | 65/66B | €132,060 | €138,074 | +€6,014 | +4.6% |
| Recurring financial charges | 65 | €132,060 | €138,074 | +€6,014 | +4.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,062 | -€58,043 | -€59,105 | |
| Income taxes | 67/77 | €360 | €0 | -€360 | -100% |
| Profit (loss) for the period | 9904 | €702 | -€58,043 | -€58,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €702 | -€58,043 | -€58,745 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.