Admin Flemax: 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.
Admin Flemax
Largest movements
- Tangible fixed assets -€25,507
down €25,507 (-4.7%), from €542,812 to €517,305
- Cash -€8,564
down €8,564 (-18.6%), from €45,921 to €37,357
mainly Debts after one year (-€61,448) and Other debts (-€29,167)
- Debts after one year -€61,448
down €61,448 (-32.2%), from €190,757 to €129,309
- Current portion of long-term debt +€30,379
up €30,379 (+971.3%), from €3,128 to €33,507
- Other debts -€29,167
down €29,167 (-15.5%), from €188,075 to €158,908
- Reserves +€28,745
up €28,745 (+17.0%), from €169,022 to €197,767
of which Distributable reserves: +€28,745
- Other operating charges +€992
up €992 (+75.1%), from €1,322 to €2,314
- Financial income +€883
new in 2025: €883
- Financial charges -€766
down €766 (-19.4%), from €3,953 to €3,187
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 | €605,177 | €573,837 | -€31,340 | -5.2% |
| Fixed assets | 21/28 | €542,812 | €517,305 | -€25,507 | -4.7% |
| Tangible fixed assets | 22/27 | €542,812 | €517,305 | -€25,507 | -4.7% |
| Land and buildings | 22 | €542,812 | €517,305 | -€25,507 | -4.7% |
| Current assets | 29/58 | €62,364 | €56,531 | -€5,833 | -9.4% |
| Amounts receivable within one year | 40/41 | €16,444 | €18,247 | +€1,803 | +11.0% |
| Trade receivables | 40 | €16,444 | €16,662 | +€218 | +1.3% |
| Other amounts receivable | 41 | €0 | €1,586 | +€1,586 | |
| Cash at bank and in hand | 54/58 | €45,921 | €37,357 | -€8,564 | -18.6% |
| Deferred charges and accrued income | 490/1 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €605,177 | €573,837 | -€31,340 | -5.2% |
| Equity | 10/15 | €219,366 | €248,112 | +€28,745 | +13.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €169,022 | €197,767 | +€28,745 | +17.0% |
| Non-distributable reserves | 130/1 | €318 | €318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €318 | €318 | = | 0.0% |
| Distributable reserves | 133 | €168,704 | €197,449 | +€28,745 | +17.0% |
| Profit (loss) carried forward | 14 | €344 | €344 | = | 0.0% |
| Amounts payable | 17/49 | €385,810 | €325,725 | -€60,085 | -15.6% |
| Amounts payable after more than one year | 17 | €190,757 | €129,309 | -€61,448 | -32.2% |
| Financial debts | 170/4 | €190,757 | €129,309 | -€61,448 | -32.2% |
| Amounts payable within one year | 42/48 | €195,053 | €196,416 | +€1,363 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €3,128 | €33,507 | +€30,379 | +971.3% |
| Trade debts | 44 | - | €150 | +€150 | |
| Suppliers | 440/4 | - | €150 | +€150 | |
| Taxes, remuneration and social security | 45 | €3,850 | €3,851 | +€0 | 0.0% |
| Taxes | 450/3 | €3,850 | €3,851 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €188,075 | €158,908 | -€29,167 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,507 | €25,507 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,322 | €2,314 | +€992 | +75.1% |
| Gross operating margin | 9900 | €71,821 | €72,284 | +€463 | +0.6% |
| Operating profit (loss) | 9901 | €44,992 | €44,463 | -€529 | -1.2% |
| Financial income | 75/76B | - | €883 | +€883 | |
| Recurring financial income | 75 | - | €883 | +€883 | |
| Financial charges | 65/66B | €3,953 | €3,187 | -€766 | -19.4% |
| Recurring financial charges | 65 | €3,953 | €3,187 | -€766 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €41,039 | €42,160 | +€1,120 | +2.7% |
| Income taxes | 67/77 | €13,058 | €13,414 | +€356 | +2.7% |
| Profit (loss) for the period | 9904 | €27,981 | €28,745 | +€764 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,981 | €28,745 | +€764 | +2.7% |
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 11 October 2026 via checked.be.