FL DEVELOPMENT: 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.
FL DEVELOPMENT
Largest movements
- Receivables within one year +€28,967
up €28,967 (+143%), from €20,235 to €49,202
of which Trade receivables: +€30,967
- Tangible fixed assets -€24,446
down €24,446 (-25.8%), from €94,901 to €70,455
of which Furniture and vehicles: -€12,452
- Cash +€9,895
up €9,895 (+227%), from €4,364 to €14,259
mainly Trade debts (+€30,740) and Depreciation (+€24,446)
- Stocks and contracts +€7,811
up €7,811 (+30.2%), from €25,905 to €33,716
of which Contracts in progress: +€6,464
- Trade debts +€30,740
up €30,740 (+81.6%), from €37,669 to €68,409
- Advances received +€9,705
up €9,705 (+43.1%), from €22,498 to €32,203
- Debts after one year -€7,957
down €7,957 (-30.3%), from €26,295 to €18,339
of which Financial debts: -€7,957
- Tax, wage and social debts -€5,621
down €5,621 (-20.0%), from €28,096 to €22,475
of which Taxes: -€4,771
- Short-term financial debts -€2,383
down €2,383 (-10.2%), from €23,339 to €20,957
- Taxes -€12,343
down €12,343, from €9,899 to -€2,445
- Staff costs +€8,112
up €8,112 (+9.3%), from €87,432 to €95,544
- Gross operating margin +€6,178
up €6,178 (+5.3%), from €116,270 to €122,448
- Depreciation -€4,928
down €4,928 (-16.8%), from €29,374 to €24,446
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 | €145,405 | €167,632 | +€22,227 | +15.3% |
| Fixed assets | 21/28 | €94,901 | €70,455 | -€24,446 | -25.8% |
| Tangible fixed assets | 22/27 | €94,901 | €70,455 | -€24,446 | -25.8% |
| Plant, machinery and equipment | 23 | €69,878 | €57,884 | -€11,994 | -17.2% |
| Furniture and vehicles | 24 | €25,023 | €12,571 | -€12,452 | -49.8% |
| Current assets | 29/58 | €50,504 | €97,177 | +€46,673 | +92.4% |
| Stocks and contracts in progress | 3 | €25,905 | €33,716 | +€7,811 | +30.2% |
| Stocks | 30/36 | €9,459 | €10,806 | +€1,347 | +14.2% |
| Contracts in progress | 37 | €16,446 | €22,910 | +€6,464 | +39.3% |
| Amounts receivable within one year | 40/41 | €20,235 | €49,202 | +€28,967 | +143% |
| Trade receivables | 40 | €18,235 | €49,202 | +€30,967 | +170% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €4,364 | €14,259 | +€9,895 | +227% |
| Total equity and liabilities | 10/49 | €145,405 | €167,632 | +€22,227 | +15.3% |
| Equity | 10/15 | €7,507 | €5,249 | -€2,258 | -30.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,493 | -€6,751 | -€2,258 | -50.3% |
| Amounts payable | 17/49 | €137,898 | €162,383 | +€24,485 | +17.8% |
| Amounts payable after more than one year | 17 | €26,295 | €18,339 | -€7,957 | -30.3% |
| Financial debts | 170/4 | €11,295 | €3,339 | -€7,957 | -70.4% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,602 | €144,044 | +€32,441 | +29.1% |
| Financial debts | 43 | €23,339 | €20,957 | -€2,383 | -10.2% |
| Credit institutions | 430/8 | €23,339 | €20,957 | -€2,383 | -10.2% |
| Trade debts | 44 | €37,669 | €68,409 | +€30,740 | +81.6% |
| Suppliers | 440/4 | €37,669 | €68,409 | +€30,740 | +81.6% |
| Advances received on contracts in progress | 46 | €22,498 | €32,203 | +€9,705 | +43.1% |
| Taxes, remuneration and social security | 45 | €28,096 | €22,475 | -€5,621 | -20.0% |
| Taxes | 450/3 | €11,378 | €6,607 | -€4,771 | -41.9% |
| Remuneration and social security | 454/9 | €16,718 | €15,868 | -€850 | -5.1% |
| Remuneration, social security and pensions | 62 | €87,432 | €95,544 | +€8,112 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,374 | €24,446 | -€4,928 | -16.8% |
| Other operating charges | 640/8 | €3,915 | €4,225 | +€309 | +7.9% |
| Non-recurring operating charges | 66A | - | €784 | +€784 | |
| Gross operating margin | 9900 | €116,270 | €122,448 | +€6,178 | +5.3% |
| Operating profit (loss) | 9901 | -€4,452 | -€2,550 | +€1,902 | +42.7% |
| Financial income | 75/76B | €17 | €14 | -€2 | -14.8% |
| Recurring financial income | 75 | €17 | €14 | -€2 | -14.8% |
| Financial charges | 65/66B | €1,404 | €2,167 | +€763 | +54.4% |
| Recurring financial charges | 65 | €1,404 | €2,167 | +€763 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,839 | -€4,703 | +€1,136 | +19.5% |
| Income taxes | 67/77 | €9,899 | -€2,445 | -€12,343 | |
| Profit (loss) for the period | 9904 | -€15,738 | -€2,258 | +€13,479 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,738 | -€2,258 | +€13,479 | +85.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.