2FLY: 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.
2FLY
Largest movements
- Tangible fixed assets -€1.0m
down €1.0m (-5.5%), from €18.4m to €17.4m
- Deferred charges and accrued income +€210,958
up €210,958 (+268,907%), from €78 to €211,036
- Profit (loss) carried forward -€2.4m
down €2.4m (-62.0%), from -€3.8m to -€6.2m
- Debts after one year +€1.2m
up €1.2m (+4.8%), from €24.3m to €25.5m
- Gross operating margin +€1.1m
up €1.1m (+49.7%), from -€2.3m to -€1.2m
- Depreciation -€586,928
down €586,928 (-35.9%), from €1.6m to €1.0m
- Financial income -€141,306
down €141,306 (-66.1%), from €213,716 to €72,410
- Financial charges +€139,255
up €139,255 (+208%), from €66,952 to €206,208
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 | €20,815,147 | €19,788,382 | -€1.0m | -4.9% |
| Fixed assets | 21/28 | €18,567,439 | €17,519,242 | -€1.0m | -5.6% |
| Intangible fixed assets | 21 | €215,814 | €167,814 | -€48,000 | -22.2% |
| Tangible fixed assets | 22/27 | €18,351,625 | €17,351,429 | -€1.0m | -5.5% |
| Furniture and vehicles | 24 | €18,351,625 | €17,351,429 | -€1.0m | -5.5% |
| Current assets | 29/58 | €2,247,708 | €2,269,140 | +€21,432 | +1.0% |
| Amounts receivable within one year | 40/41 | €470,302 | €407,442 | -€62,860 | -13.4% |
| Trade receivables | 40 | €141,303 | €100,081 | -€41,222 | -29.2% |
| Other amounts receivable | 41 | €328,999 | €307,361 | -€21,638 | -6.6% |
| Cash at bank and in hand | 54/58 | €1,777,328 | €1,650,662 | -€126,666 | -7.1% |
| Deferred charges and accrued income | 490/1 | €78 | €211,036 | +€210,958 | +268,907% |
| Total equity and liabilities | 10/49 | €20,815,147 | €19,788,382 | -€1.0m | -4.9% |
| Equity | 10/15 | -€3,678,599 | -€6,033,316 | -€2.4m | -64.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,798,599 | -€6,153,316 | -€2.4m | -62.0% |
| Amounts payable | 17/49 | €24,493,746 | €25,821,699 | +€1.3m | +5.4% |
| Amounts payable after more than one year | 17 | €24,343,108 | €25,513,108 | +€1.2m | +4.8% |
| Financial debts | 170/4 | €24,343,108 | €25,513,108 | +€1.2m | +4.8% |
| Amounts payable within one year | 42/48 | €150,638 | €296,297 | +€145,659 | +96.7% |
| Trade debts | 44 | €150,638 | €296,297 | +€145,659 | +96.7% |
| Suppliers | 440/4 | €150,638 | €296,297 | +€145,659 | +96.7% |
| Accrued charges and deferred income | 492/3 | - | €12,294 | +€12,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,635,124 | €1,048,196 | -€586,928 | -35.9% |
| Other operating charges | 640/8 | €1,319 | €528 | -€791 | -60.0% |
| Non-recurring operating charges | 66A | - | €11,160 | +€11,160 | |
| Gross operating margin | 9900 | -€2,308,920 | -€1,161,036 | +€1.1m | +49.7% |
| Operating profit (loss) | 9901 | -€3,945,363 | -€2,220,920 | +€1.7m | +43.7% |
| Financial income | 75/76B | €213,716 | €72,410 | -€141,306 | -66.1% |
| Recurring financial income | 75 | €213,716 | €72,410 | -€141,306 | -66.1% |
| Financial charges | 65/66B | €66,952 | €206,208 | +€139,255 | +208% |
| Recurring financial charges | 65 | €66,952 | €206,208 | +€139,255 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€3,798,599 | -€2,354,717 | +€1.4m | +38.0% |
| Profit (loss) for the period | 9904 | -€3,798,599 | -€2,354,717 | +€1.4m | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,798,599 | -€2,354,717 | +€1.4m | +38.0% |
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 13 October 2026 via checked.be.