EL FLETILO: 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.
EL FLETILO
Largest movements
- Intangible fixed assets -€63,465
down €63,465 (-31.6%), from €200,845 to €137,380
- Stocks and contracts +€62,437
up €62,437 (+2.7%), from €2.3m to €2.3m
- Tangible fixed assets -€51,772
down €51,772 (-30.8%), from €168,001 to €116,229
of which Other tangible fixed assets: -€45,353
- Cash +€47,088
up €47,088 (+185%), from €25,410 to €72,497
mainly Net result for the year (+€201,039) and Depreciation (+€129,197)
- Other debts -€249,722
down €249,722 (-16.7%), from €1.5m to €1.2m
- Reserves +€201,039
up €201,039 (+34.4%), from €584,473 to €785,511
- Tax, wage and social debts +€42,806
up €42,806 (+104%), from €41,015 to €83,821
of which Taxes: +€33,492
- Trade debts +€36,439
up €36,439 (+13.0%), from €279,376 to €315,815
- Current portion of long-term debt -€33,424
down €33,424 (-45.5%), from €73,424 to €40,000
- Gross operating margin +€124,648
up €124,648 (+24.5%), from €509,124 to €633,772
- Taxes +€39,646
up €39,646 (+100.0%), from €39,651 to €79,296
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 | €2,691,891 | €2,688,695 | -€3,196 | -0.1% |
| Fixed assets | 21/28 | €369,446 | €254,209 | -€115,237 | -31.2% |
| Intangible fixed assets | 21 | €200,845 | €137,380 | -€63,465 | -31.6% |
| Tangible fixed assets | 22/27 | €168,001 | €116,229 | -€51,772 | -30.8% |
| Plant, machinery and equipment | 23 | €8,277 | €3,901 | -€4,375 | -52.9% |
| Furniture and vehicles | 24 | €2,709 | €666 | -€2,043 | -75.4% |
| Other tangible fixed assets | 26 | €157,015 | €111,662 | -€45,353 | -28.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €2,322,444 | €2,434,486 | +€112,042 | +4.8% |
| Stocks and contracts in progress | 3 | €2,281,880 | €2,344,317 | +€62,437 | +2.7% |
| Stocks | 30/36 | €2,281,880 | €2,344,317 | +€62,437 | +2.7% |
| Amounts receivable within one year | 40/41 | €10,678 | €13,869 | +€3,191 | +29.9% |
| Trade receivables | 40 | €8,273 | €2,400 | -€5,873 | -71.0% |
| Other amounts receivable | 41 | €2,404 | €11,469 | +€9,064 | +377% |
| Cash at bank and in hand | 54/58 | €25,410 | €72,497 | +€47,088 | +185% |
| Deferred charges and accrued income | 490/1 | €4,477 | €3,803 | -€674 | -15.1% |
| Total equity and liabilities | 10/49 | €2,691,891 | €2,688,695 | -€3,196 | -0.1% |
| Equity | 10/15 | €603,073 | €804,111 | +€201,039 | +33.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €584,473 | €785,511 | +€201,039 | +34.4% |
| Distributable reserves | 133 | €584,473 | €785,511 | +€201,039 | +34.4% |
| Amounts payable | 17/49 | €2,088,818 | €1,884,584 | -€204,234 | -9.8% |
| Amounts payable within one year | 42/48 | €2,088,818 | €1,884,494 | -€204,323 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €73,424 | €40,000 | -€33,424 | -45.5% |
| Financial debts | 43 | €200,731 | €200,308 | -€423 | -0.2% |
| Credit institutions | 430/8 | €200,731 | €200,308 | -€423 | -0.2% |
| Trade debts | 44 | €279,376 | €315,815 | +€36,439 | +13.0% |
| Suppliers | 440/4 | €279,376 | €315,815 | +€36,439 | +13.0% |
| Taxes, remuneration and social security | 45 | €41,015 | €83,821 | +€42,806 | +104% |
| Taxes | 450/3 | €19,129 | €52,621 | +€33,492 | +175% |
| Remuneration and social security | 454/9 | €21,886 | €31,200 | +€9,314 | +42.6% |
| Other amounts payable | 47/48 | €1,494,272 | €1,244,550 | -€249,722 | -16.7% |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Remuneration, social security and pensions | 62 | €203,735 | €198,547 | -€5,188 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,701 | €129,197 | +€1,496 | +1.2% |
| Other operating charges | 640/8 | €3,477 | €3,649 | +€172 | +4.9% |
| Gross operating margin | 9900 | €509,124 | €633,772 | +€124,648 | +24.5% |
| Operating profit (loss) | 9901 | €174,211 | €302,380 | +€128,168 | +73.6% |
| Financial income | 75/76B | €549 | €831 | +€282 | +51.3% |
| Recurring financial income | 75 | €549 | €831 | +€282 | +51.3% |
| Financial charges | 65/66B | €19,267 | €22,876 | +€3,609 | +18.7% |
| Recurring financial charges | 65 | €19,267 | €22,876 | +€3,609 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €155,494 | €280,335 | +€124,841 | +80.3% |
| Income taxes | 67/77 | €39,651 | €79,296 | +€39,646 | +100.0% |
| Profit (loss) for the period | 9904 | €115,843 | €201,039 | +€85,196 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,843 | €201,039 | +€85,196 | +73.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.