F&L SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€54,861
up €54,861 (+64.6%), from €84,901 to €139,762
mainly Net result for the year (+€50,675) and Deferred charges and accrued income (+€35,050)
- Current investments +€49,774
up €49,774 (+183.5%), from €27,129 to €76,904
- Deferred charges and accrued income -€35,050
down €35,050 (-97.2%), from €36,050 to €1,000
- Receivables within one year -€29,473
down €29,473 (-66.7%), from €44,173 to €14,700
of which Trade receivables: -€39,649
- Reserves +€50,675
up €50,675 (+31.6%), from €160,346 to €211,021
- Trade debts -€10,844
down €10,844 (-68.2%), from €15,894 to €5,050
- Other debts -€3,963
down €3,963 (-67.4%), from €5,881 to €1,918
- Tax, wage and social debts +€3,386
up €3,386 (+29.5%), from €11,461 to €14,846
- Gross operating margin -€29,238
down €29,238 (-28.1%), from €104,100 to €74,863
- Taxes -€8,353
down €8,353 (-29.6%), from €28,176 to €19,824
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 | €196,581 | €235,835 | +€39,254 | +20.0% |
| Formation expenses | 20 | €439 | €63 | -€377 | -85.7% |
| Fixed assets | 21/28 | €3,889 | €3,406 | -€482 | -12.4% |
| Tangible fixed assets | 22/27 | €3,889 | €3,406 | -€482 | -12.4% |
| Plant, machinery and equipment | 23 | €3,889 | €3,406 | -€482 | -12.4% |
| Current assets | 29/58 | €192,253 | €232,366 | +€40,113 | +20.9% |
| Amounts receivable within one year | 40/41 | €44,173 | €14,700 | -€29,473 | -66.7% |
| Trade receivables | 40 | €44,173 | €4,524 | -€39,649 | -89.8% |
| Other amounts receivable | 41 | - | €10,176 | +€10,176 | |
| Current investments | 50/53 | €27,129 | €76,904 | +€49,774 | +183.5% |
| Cash at bank and in hand | 54/58 | €84,901 | €139,762 | +€54,861 | +64.6% |
| Deferred charges and accrued income | 490/1 | €36,050 | €1,000 | -€35,050 | -97.2% |
| Total equity and liabilities | 10/49 | €196,581 | €235,835 | +€39,254 | +20.0% |
| Equity | 10/15 | €163,346 | €214,021 | +€50,675 | +31.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €160,346 | €211,021 | +€50,675 | +31.6% |
| Distributable reserves | 133 | €160,346 | €211,021 | +€50,675 | +31.6% |
| Amounts payable | 17/49 | €33,235 | €21,814 | -€11,421 | -34.4% |
| Amounts payable within one year | 42/48 | €33,235 | €21,814 | -€11,421 | -34.4% |
| Trade debts | 44 | €15,894 | €5,050 | -€10,844 | -68.2% |
| Suppliers | 440/4 | €15,894 | €5,050 | -€10,844 | -68.2% |
| Taxes, remuneration and social security | 45 | €11,461 | €14,846 | +€3,386 | +29.5% |
| Taxes | 450/3 | €11,461 | €14,846 | +€3,386 | +29.5% |
| Other amounts payable | 47/48 | €5,881 | €1,918 | -€3,963 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €1,709 | +€448 | +35.5% |
| Other operating charges | 640/8 | €626 | €462 | -€164 | -26.2% |
| Gross operating margin | 9900 | €104,100 | €74,863 | -€29,238 | -28.1% |
| Operating profit (loss) | 9901 | €102,213 | €72,692 | -€29,521 | -28.9% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,212 | €2,193 | +€981 | +80.9% |
| Recurring financial charges | 65 | €1,212 | €2,193 | +€981 | +80.9% |
| Profit (loss) for the period before taxes | 9903 | €101,008 | €70,498 | -€30,509 | -30.2% |
| Income taxes | 67/77 | €28,176 | €19,824 | -€8,353 | -29.6% |
| Profit (loss) for the period | 9904 | €72,831 | €50,675 | -€22,156 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,831 | €50,675 | -€22,156 | -30.4% |
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 12 October 2026 via checked.be.