F.L.A.C.E.: 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.
F.L.A.C.E.
Largest movements
- Cash +€587,532
up €587,532 (+298.0%), from €197,188 to €784,720
mainly Net result for the year (+€482,274) and Investment in fixed assets (net) (+€49,148)
- Financial fixed assets -€89,861
down €89,861 (-99.5%), from €90,357 to €496
- Receivables within one year +€65,339
up €65,339 (+438.4%), from €14,903 to €80,242
of which Other amounts receivable: +€33,194
- Reserves +€482,274
up €482,274 (+707.3%), from €68,182 to €550,455
of which Distributable reserves: +€482,274
- Tax, wage and social debts +€43,872
new in 2025: €43,872
- Trade debts +€21,444
up €21,444 (+283.8%), from €7,556 to €29,000
- Other debts +€18,521
up €18,521 (+24.9%), from €74,458 to €92,979
- Financial income +€290,697
up €290,697 (+7228.7%), from €4,021 to €294,719
- Gross operating margin +€254,107
up €254,107 (+515.1%), from €49,329 to €303,435
- Taxes +€50,379
up €50,379 (+2145.5%), from €2,348 to €52,727
- Depreciation +€10,119
up €10,119 (+37.6%), from €26,885 to €37,004
- Financial charges +€7,081
up €7,081 (+6289.7%), from €113 to €7,194
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 | €592,335 | €1,158,445 | +€566,110 | +95.6% |
| Fixed assets | 21/28 | €378,689 | €292,537 | -€86,152 | -22.8% |
| Tangible fixed assets | 22/27 | €288,332 | €292,041 | +€3,710 | +1.3% |
| Land and buildings | 22 | €243,307 | €233,765 | -€9,543 | -3.9% |
| Plant, machinery and equipment | 23 | €15,208 | €9,391 | -€5,817 | -38.2% |
| Furniture and vehicles | 24 | €29,816 | €48,885 | +€19,069 | +64.0% |
| Financial fixed assets | 28 | €90,357 | €496 | -€89,861 | -99.5% |
| Current assets | 29/58 | €213,646 | €865,908 | +€652,262 | +305.3% |
| Amounts receivable within one year | 40/41 | €14,903 | €80,242 | +€65,339 | +438.4% |
| Trade receivables | 40 | €6,045 | €38,190 | +€32,145 | +531.7% |
| Other amounts receivable | 41 | €8,858 | €42,052 | +€33,194 | +374.7% |
| Cash at bank and in hand | 54/58 | €197,188 | €784,720 | +€587,532 | +298.0% |
| Deferred charges and accrued income | 490/1 | €1,555 | €946 | -€609 | -39.1% |
| Total equity and liabilities | 10/49 | €592,335 | €1,158,445 | +€566,110 | +95.6% |
| Equity | 10/15 | €510,321 | €992,595 | +€482,274 | +94.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €68,182 | €550,455 | +€482,274 | +707.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €61,982 | €544,255 | +€482,274 | +778.1% |
| Profit (loss) carried forward | 14 | €380,139 | €380,139 | = | 0.0% |
| Amounts payable | 17/49 | €82,014 | €165,851 | +€83,836 | +102.2% |
| Amounts payable within one year | 42/48 | €82,014 | €165,851 | +€83,836 | +102.2% |
| Trade debts | 44 | €7,556 | €29,000 | +€21,444 | +283.8% |
| Suppliers | 440/4 | €7,556 | €29,000 | +€21,444 | +283.8% |
| Taxes, remuneration and social security | 45 | - | €43,872 | +€43,872 | |
| Taxes | 450/3 | - | €43,872 | +€43,872 | |
| Other amounts payable | 47/48 | €74,458 | €92,979 | +€18,521 | +24.9% |
| Non-recurring operating income | 76A | - | €230,139 | +€230,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,885 | €37,004 | +€10,119 | +37.6% |
| Other operating charges | 640/8 | €19,580 | €18,956 | -€624 | -3.2% |
| Gross operating margin | 9900 | €49,329 | €303,435 | +€254,107 | +515.1% |
| Operating profit (loss) | 9901 | €2,863 | €247,476 | +€244,612 | +8543.0% |
| Financial income | 75/76B | €4,021 | €294,719 | +€290,697 | +7228.7% |
| Recurring financial income | 75 | €4,021 | €294,719 | +€290,697 | +7228.7% |
| Financial charges | 65/66B | €113 | €7,194 | +€7,081 | +6289.7% |
| Recurring financial charges | 65 | €113 | €7,194 | +€7,081 | +6289.7% |
| Profit (loss) for the period before taxes | 9903 | €6,772 | €535,001 | +€528,229 | +7800.0% |
| Income taxes | 67/77 | €2,348 | €52,727 | +€50,379 | +2145.5% |
| Profit (loss) for the period | 9904 | €4,424 | €482,274 | +€477,850 | +10801.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,424 | €482,274 | +€477,850 | +10801.3% |
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.