ERIC FLAMENT: 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.
ERIC FLAMENT
Largest movements
- Receivables within one year +€31,846
up €31,846 (+18.2%), from €174,950 to €206,796
of which Other amounts receivable: +€26,582
- Receivables after one year -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Cash +€14,229
up €14,229 (+61.4%), from €23,168 to €37,398
mainly Other debts (+€56,380) and Net result for the year (+€54,005)
- Tangible fixed assets -€11,763
down €11,763 (-23.1%), from €51,006 to €39,242
of which Leasing and similar rights: -€10,442
- Other debts +€56,380
up €56,380 (+198%), from €28,477 to €84,857
- Reserves -€36,370
down €36,370 (-16.9%), from €215,043 to €178,673
of which Distributable reserves: -€36,370
- Debts after one year -€15,603
down €15,603 (-59.1%), from €26,411 to €10,808
- Tax, wage and social debts +€12,945
up €12,945 (+73.6%), from €17,576 to €30,521
- Short-term financial debts -€5,739
down €5,739 (-81.3%), from €7,059 to €1,320
- Gross operating margin +€21,362
up €21,362 (+25.0%), from €85,381 to €106,742
- Taxes +€5,053
up €5,053 (+31.8%), from €15,910 to €20,963
- Depreciation +€3,206
up €3,206 (+14.4%), from €22,281 to €25,487
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 | €324,224 | €333,537 | +€9,313 | +2.9% |
| Fixed assets | 21/28 | €51,106 | €39,343 | -€11,763 | -23.0% |
| Tangible fixed assets | 22/27 | €51,006 | €39,242 | -€11,763 | -23.1% |
| Land and buildings | 22 | €23,985 | €16,492 | -€7,492 | -31.2% |
| Plant, machinery and equipment | 23 | €6,916 | €3,127 | -€3,789 | -54.8% |
| Furniture and vehicles | 24 | €2,826 | €12,786 | +€9,960 | +352% |
| Leasing and similar rights | 25 | €17,279 | €6,837 | -€10,442 | -60.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €273,118 | €294,194 | +€21,076 | +7.7% |
| Amounts receivable after more than one year | 29 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Other amounts receivable | 291 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €174,950 | €206,796 | +€31,846 | +18.2% |
| Trade receivables | 40 | - | €5,265 | +€5,265 | |
| Other amounts receivable | 41 | €174,950 | €201,532 | +€26,582 | +15.2% |
| Cash at bank and in hand | 54/58 | €23,168 | €37,398 | +€14,229 | +61.4% |
| Total equity and liabilities | 10/49 | €324,224 | €333,537 | +€9,313 | +2.9% |
| Equity | 10/15 | €221,243 | €184,873 | -€36,370 | -16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €215,043 | €178,673 | -€36,370 | -16.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €213,183 | €176,813 | -€36,370 | -17.1% |
| Amounts payable | 17/49 | €102,981 | €148,664 | +€45,682 | +44.4% |
| Amounts payable after more than one year | 17 | €26,411 | €10,808 | -€15,603 | -59.1% |
| Financial debts | 170/4 | €26,411 | €10,808 | -€15,603 | -59.1% |
| Amounts payable within one year | 42/48 | €76,570 | €137,855 | +€61,285 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €23,457 | €20,638 | -€2,819 | -12.0% |
| Financial debts | 43 | €7,059 | €1,320 | -€5,739 | -81.3% |
| Credit institutions | 430/8 | €7,059 | €1,320 | -€5,739 | -81.3% |
| Trade debts | 44 | - | €518 | +€518 | |
| Suppliers | 440/4 | - | €518 | +€518 | |
| Taxes, remuneration and social security | 45 | €17,576 | €30,521 | +€12,945 | +73.6% |
| Taxes | 450/3 | €17,576 | €30,521 | +€12,945 | +73.6% |
| Other amounts payable | 47/48 | €28,477 | €84,857 | +€56,380 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,281 | €25,487 | +€3,206 | +14.4% |
| Other operating charges | 640/8 | €4,766 | €4,747 | -€19 | -0.4% |
| Gross operating margin | 9900 | €85,381 | €106,742 | +€21,362 | +25.0% |
| Operating profit (loss) | 9901 | €58,334 | €76,508 | +€18,174 | +31.2% |
| Financial income | 75/76B | €2,106 | €1,475 | -€631 | -30.0% |
| Recurring financial income | 75 | €2,106 | €1,475 | -€631 | -30.0% |
| Financial charges | 65/66B | €3,754 | €3,015 | -€738 | -19.7% |
| Recurring financial charges | 65 | €3,754 | €3,015 | -€738 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €56,687 | €74,968 | +€18,281 | +32.3% |
| Income taxes | 67/77 | €15,910 | €20,963 | +€5,053 | +31.8% |
| Profit (loss) for the period | 9904 | €40,777 | €54,005 | +€13,229 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,777 | €54,005 | +€13,229 | +32.4% |
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 16 October 2026 via checked.be.