FL-MANAGEMENT: what changed
FL-MANAGEMENT
Largest movements
- Cash +€8,930
up €8,930 (+20.8%), from €43,018 to €51,948
mainly Depreciation (+€15,318) and Net result for the year (+€11,665)
- Receivables within one year +€4,536
up €4,536 (+9,577%), from €47 to €4,584
of which Trade receivables: +€4,580
- Tangible fixed assets -€3,690
down €3,690 (-7.9%), from €46,680 to €42,990
of which Furniture and vehicles: -€7,332
- Debts after one year -€11,602
down €11,602 (-40.2%), from €28,828 to €17,225
- Reserves +€10,832
up €10,832 (+79.3%), from €13,653 to €24,484
- Trade debts +€9,021
up €9,021 (+923%), from €978 to €9,998
- Other debts +€3,841
up €3,841 (+22.3%), from €17,216 to €21,056
- Tax, wage and social debts -€2,152
down €2,152 (-19.5%), from €11,017 to €8,865
of which Remuneration and social security: -€2,250
- Gross operating margin +€7,683
up €7,683 (+19.8%), from €38,741 to €46,424
- Taxes +€1,415
up €1,415 (+36.9%), from €3,837 to €5,253
- Depreciation +€1,087
up €1,087 (+7.6%), from €14,231 to €15,318
- Financial charges -€491
down €491 (-15.2%), from €3,234 to €2,743
- Staff costs +€478
up €478 (+4.5%), from €10,680 to €11,158
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 | €89,756 | €99,527 | +€9,771 | +10.9% |
| Fixed assets | 21/28 | €46,690 | €42,995 | -€3,695 | -7.9% |
| Tangible fixed assets | 22/27 | €46,680 | €42,990 | -€3,690 | -7.9% |
| Land and buildings | 22 | - | €3,642 | +€3,642 | |
| Furniture and vehicles | 24 | €46,680 | €39,348 | -€7,332 | -15.7% |
| Financial fixed assets | 28 | €10 | €5 | -€5 | -50.0% |
| Current assets | 29/58 | €43,066 | €56,532 | +€13,466 | +31.3% |
| Amounts receivable within one year | 40/41 | €47 | €4,584 | +€4,536 | +9,577% |
| Trade receivables | 40 | - | €4,580 | +€4,580 | |
| Other amounts receivable | 41 | €47 | €3 | -€44 | -93.0% |
| Cash at bank and in hand | 54/58 | €43,018 | €51,948 | +€8,930 | +20.8% |
| Total equity and liabilities | 10/49 | €89,756 | €99,527 | +€9,771 | +10.9% |
| Equity | 10/15 | €18,653 | €29,484 | +€10,832 | +58.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,653 | €24,484 | +€10,832 | +79.3% |
| Distributable reserves | 133 | €13,653 | €24,484 | +€10,832 | +79.3% |
| Amounts payable | 17/49 | €71,103 | €70,042 | -€1,061 | -1.5% |
| Amounts payable after more than one year | 17 | €28,828 | €17,225 | -€11,602 | -40.2% |
| Financial debts | 170/4 | €28,828 | €17,225 | -€11,602 | -40.2% |
| Amounts payable within one year | 42/48 | €40,372 | €51,522 | +€11,150 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €11,161 | €11,602 | +€441 | +4.0% |
| Trade debts | 44 | €978 | €9,998 | +€9,021 | +923% |
| Suppliers | 440/4 | €978 | €9,998 | +€9,021 | +923% |
| Taxes, remuneration and social security | 45 | €11,017 | €8,865 | -€2,152 | -19.5% |
| Taxes | 450/3 | €8,767 | €8,865 | +€98 | +1.1% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €17,216 | €21,056 | +€3,841 | +22.3% |
| Accrued charges and deferred income | 492/3 | €1,904 | €1,295 | -€609 | -32.0% |
| Remuneration, social security and pensions | 62 | €10,680 | €11,158 | +€478 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,231 | €15,318 | +€1,087 | +7.6% |
| Other operating charges | 640/8 | €305 | €288 | -€17 | -5.5% |
| Gross operating margin | 9900 | €38,741 | €46,424 | +€7,683 | +19.8% |
| Operating profit (loss) | 9901 | €13,524 | €19,660 | +€6,136 | +45.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,800% |
| Financial charges | 65/66B | €3,234 | €2,743 | -€491 | -15.2% |
| Recurring financial charges | 65 | €3,234 | €2,743 | -€491 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €10,290 | €16,917 | +€6,627 | +64.4% |
| Income taxes | 67/77 | €3,837 | €5,253 | +€1,415 | +36.9% |
| Profit (loss) for the period | 9904 | €6,453 | €11,665 | +€5,212 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,453 | €11,665 | +€5,212 | +80.8% |
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 6 November 2026 via checked.be.