F.L.P: 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.P
Largest movements
- Current investments +€447,433
new in 2025: €447,433
- Cash +€276,086
up €276,086 (+84.4%), from €327,038 to €603,124
mainly Net result for the year (+€1.9m) and Receivables within one year (+€124,003)
- Tangible fixed assets +€160,182
up €160,182 (+9.9%), from €1.6m to €1.8m
of which Land and buildings: +€162,172
- Receivables within one year -€124,003
down €124,003 (-11.8%), from €1.1m to €928,156
of which Other amounts receivable: -€226,913
- Reserves +€1.9m
up €1.9m (+22.4%), from €8.5m to €10.4m
- Advances received -€613,470
no longer reported in 2025 (was €613,470)
- Tax, wage and social debts -€464,975
down €464,975 (-70.6%), from €658,814 to €193,839
of which Taxes: -€465,381
- Financial income +€2.1m
up €2.1m (+8,744%), from €24,325 to €2.2m
- Taxes +€190,250
up €190,250 (+257,756%), from €74 to €190,324
- Gross operating margin +€173,797
up €173,797 (+2,535%), from €6,856 to €180,653
- Depreciation +€16,236
up €16,236 (+25.3%), from €64,139 to €80,375
- Financial charges +€8,835
up €8,835 (+14.9%), from €59,487 to €68,322
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 | €11,165,255 | €11,941,388 | +€776,133 | +7.0% |
| Fixed assets | 21/28 | €9,753,426 | €9,913,608 | +€160,182 | +1.6% |
| Tangible fixed assets | 22/27 | €1,618,058 | €1,778,240 | +€160,182 | +9.9% |
| Land and buildings | 22 | €1,608,692 | €1,770,863 | +€162,172 | +10.1% |
| Plant, machinery and equipment | 23 | - | €3,307 | +€3,307 | |
| Furniture and vehicles | 24 | €9,367 | €4,069 | -€5,298 | -56.6% |
| Financial fixed assets | 28 | €8,135,368 | €8,135,368 | = | 0.0% |
| Current assets | 29/58 | €1,411,829 | €2,027,780 | +€615,951 | +43.6% |
| Amounts receivable within one year | 40/41 | €1,052,158 | €928,156 | -€124,003 | -11.8% |
| Trade receivables | 40 | €495 | €103,406 | +€102,911 | +20,790% |
| Other amounts receivable | 41 | €1,051,663 | €824,750 | -€226,913 | -21.6% |
| Current investments | 50/53 | - | €447,433 | +€447,433 | |
| Cash at bank and in hand | 54/58 | €327,038 | €603,124 | +€276,086 | +84.4% |
| Deferred charges and accrued income | 490/1 | €32,633 | €49,068 | +€16,435 | +50.4% |
| Total equity and liabilities | 10/49 | €11,165,255 | €11,941,388 | +€776,133 | +7.0% |
| Equity | 10/15 | €8,776,787 | €10,680,026 | +€1.9m | +21.7% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €8,496,787 | €10,400,026 | +€1.9m | +22.4% |
| Distributable reserves | 133 | €8,496,787 | €10,400,026 | +€1.9m | +22.4% |
| Amounts payable | 17/49 | €2,388,467 | €1,261,362 | -€1.1m | -47.2% |
| Amounts payable after more than one year | 17 | €722,836 | €675,387 | -€47,449 | -6.6% |
| Financial debts | 170/4 | €722,836 | €675,387 | -€47,449 | -6.6% |
| Amounts payable within one year | 42/48 | €1,630,000 | €558,065 | -€1.1m | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €46,744 | €49,086 | +€2,341 | +5.0% |
| Financial debts | 43 | - | €54,472 | +€54,472 | |
| Credit institutions | 430/8 | - | €54,472 | +€54,472 | |
| Trade debts | 44 | €26,023 | €8,986 | -€17,037 | -65.5% |
| Suppliers | 440/4 | €26,023 | €8,986 | -€17,037 | -65.5% |
| Advances received on contracts in progress | 46 | €613,470 | - | -€613,470 | |
| Taxes, remuneration and social security | 45 | €658,814 | €193,839 | -€464,975 | -70.6% |
| Taxes | 450/3 | €643,841 | €178,460 | -€465,381 | -72.3% |
| Remuneration and social security | 454/9 | €14,973 | €15,380 | +€406 | +2.7% |
| Other amounts payable | 47/48 | €284,948 | €251,682 | -€33,266 | -11.7% |
| Accrued charges and deferred income | 492/3 | €35,631 | €27,910 | -€7,721 | -21.7% |
| Remuneration, social security and pensions | 62 | €83,414 | €86,552 | +€3,138 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,139 | €80,375 | +€16,236 | +25.3% |
| Other operating charges | 640/8 | €3,131 | €3,174 | +€44 | +1.4% |
| Gross operating margin | 9900 | €6,856 | €180,653 | +€173,797 | +2,535% |
| Operating profit (loss) | 9901 | -€143,827 | €10,552 | +€154,379 | |
| Financial income | 75/76B | €24,325 | €2,151,332 | +€2.1m | +8,744% |
| Recurring financial income | 75 | €24,325 | €2,151,332 | +€2.1m | +8,744% |
| Financial charges | 65/66B | €59,487 | €68,322 | +€8,835 | +14.9% |
| Recurring financial charges | 65 | €59,487 | €68,322 | +€8,835 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€178,990 | €2,093,562 | +€2.3m | |
| Income taxes | 67/77 | €74 | €190,324 | +€190,250 | +257,756% |
| Profit (loss) for the period | 9904 | -€179,063 | €1,903,238 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€179,063 | €1,903,238 | +€2.1m |
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 26 October 2026 via checked.be.