Fags with Flags: what changed
Fags with Flags
Largest movements
- Cash +€18,565
up €18,565 (+21.4%), from €86,637 to €105,202
mainly Net result for the year (+€22,692) and Depreciation (+€7,139)
- Receivables within one year +€5,213
up €5,213 (+21.6%), from €24,132 to €29,345
of which Trade receivables: +€4,897
- Reserves +€22,692
up €22,692 (+21.6%), from €105,108 to €127,800
- Tax, wage and social debts +€4,548
up €4,548 (+48.3%), from €9,414 to €13,962
- Trade debts -€2,957
down €2,957 (-31.0%), from €9,550 to €6,593
- Other debts +€1,957
up €1,957 (+524%), from €373 to €2,330
- Debts after one year -€1,822
down €1,822 (-27.0%), from €6,740 to €4,918
- Gross operating margin -€5,662
down €5,662 (-11.8%), from €47,899 to €42,237
- Depreciation +€1,464
up €1,464 (+25.8%), from €5,675 to €7,139
- Taxes +€816
up €816 (+8.0%), from €10,241 to €11,057
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,068 | €160,426 | +€24,358 | +17.9% |
| Fixed assets | 21/28 | €25,299 | €25,860 | +€561 | +2.2% |
| Tangible fixed assets | 22/27 | €25,299 | €25,860 | +€561 | +2.2% |
| Plant, machinery and equipment | 23 | €3,959 | €1,922 | -€2,037 | -51.5% |
| Furniture and vehicles | 24 | €10,681 | €7,422 | -€3,259 | -30.5% |
| Other tangible fixed assets | 26 | €10,659 | €16,516 | +€5,857 | +54.9% |
| Current assets | 29/58 | €110,769 | €134,566 | +€23,797 | +21.5% |
| Amounts receivable within one year | 40/41 | €24,132 | €29,345 | +€5,213 | +21.6% |
| Trade receivables | 40 | €147 | €5,044 | +€4,897 | +3,336% |
| Other amounts receivable | 41 | €23,985 | €24,301 | +€316 | +1.3% |
| Cash at bank and in hand | 54/58 | €86,637 | €105,202 | +€18,565 | +21.4% |
| Deferred charges and accrued income | 490/1 | - | €19 | +€19 | |
| Total equity and liabilities | 10/49 | €136,068 | €160,426 | +€24,358 | +17.9% |
| Equity | 10/15 | €108,108 | €130,800 | +€22,692 | +21.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,108 | €127,800 | +€22,692 | +21.6% |
| Distributable reserves | 133 | €105,108 | €127,800 | +€22,692 | +21.6% |
| Amounts payable | 17/49 | €27,960 | €29,626 | +€1,666 | +6.0% |
| Amounts payable after more than one year | 17 | €6,740 | €4,918 | -€1,822 | -27.0% |
| Financial debts | 170/4 | €6,740 | €4,918 | -€1,822 | -27.0% |
| Amounts payable within one year | 42/48 | €21,220 | €24,708 | +€3,487 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €1,883 | €1,822 | -€61 | -3.2% |
| Trade debts | 44 | €9,550 | €6,593 | -€2,957 | -31.0% |
| Suppliers | 440/4 | €9,550 | €6,593 | -€2,957 | -31.0% |
| Taxes, remuneration and social security | 45 | €9,414 | €13,962 | +€4,548 | +48.3% |
| Taxes | 450/3 | €9,414 | €13,962 | +€4,548 | +48.3% |
| Other amounts payable | 47/48 | €373 | €2,330 | +€1,957 | +524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,675 | €7,139 | +€1,464 | +25.8% |
| Other operating charges | 640/8 | €720 | €820 | +€100 | +13.8% |
| Gross operating margin | 9900 | €47,899 | €42,237 | -€5,662 | -11.8% |
| Operating profit (loss) | 9901 | €41,504 | €34,278 | -€7,226 | -17.4% |
| Financial income | 75/76B | €27 | €19 | -€8 | -30.9% |
| Recurring financial income | 75 | €27 | €19 | -€8 | -30.9% |
| Financial charges | 65/66B | €355 | €547 | +€192 | +54.0% |
| Recurring financial charges | 65 | €355 | €547 | +€192 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €41,176 | €33,750 | -€7,426 | -18.0% |
| Income taxes | 67/77 | €10,241 | €11,057 | +€816 | +8.0% |
| Profit (loss) for the period | 9904 | €30,935 | €22,692 | -€8,243 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,935 | €22,692 | -€8,243 | -26.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.