FLABELEC: what changed
Two fiscal 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.
FLABELEC
Largest movements
- Tangible fixed assets -€15,423
down €15,423 (-17.9%), from €86,006 to €70,583
of which Furniture and vehicles: -€11,137
- Cash -€15,155
down €15,155 (-25.0%), from €60,566 to €45,412
mainly Short-term financial debts (-€140,000) and Other debts (-€42,607)
- Deferred charges and accrued income +€11,656
up €11,656 (+6809.2%), from €171 to €11,827
- Receivables within one year +€9,821
up €9,821 (+1.4%), from €694,656 to €704,476
of which Other amounts receivable: +€158,501
- Short-term financial debts -€140,000
down €140,000 (-60.9%), from €230,000 to €90,000
- Trade debts +€139,418
up €139,418 (+94.0%), from €148,371 to €287,789
- Current portion of long-term debt +€45,834
up €45,834 (+149.5%), from €30,657 to €76,491
- Other debts -€42,607
no longer reported in 2025 (was €42,607)
- Tax, wage and social debts -€27,520
down €27,520 (-22.6%), from €121,682 to €94,162
of which Remuneration and social security: -€21,724
- Gross operating margin -€64,211
down €64,211 (-8.9%), from €722,114 to €657,903
- Financial income +€62,806
new in 2025: €62,806
- Financial charges -€35,879
down €35,879 (-60.1%), from €59,714 to €23,835
of which Financial charges: -€35,368
- Staff costs +€19,576
up €19,576 (+3.2%), from €610,230 to €629,806
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 | €919,629 | €901,825 | -€17,804 | -1.9% |
| Fixed assets | 21/28 | €104,233 | €80,110 | -€24,123 | -23.1% |
| Tangible fixed assets | 22/27 | €86,006 | €70,583 | -€15,423 | -17.9% |
| Land and buildings | 22 | €12,500 | €12,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,986 | €8,700 | -€4,286 | -33.0% |
| Furniture and vehicles | 24 | €60,520 | €49,383 | -€11,137 | -18.4% |
| Financial fixed assets | 28 | €18,227 | €9,527 | -€8,700 | -47.7% |
| Current assets | 29/58 | €815,396 | €821,715 | +€6,319 | +0.8% |
| Amounts receivable within one year | 40/41 | €694,656 | €704,476 | +€9,821 | +1.4% |
| Trade receivables | 40 | €470,951 | €322,270 | -€148,681 | -31.6% |
| Other amounts receivable | 41 | €223,705 | €382,206 | +€158,501 | +70.9% |
| Current investments | 50/53 | €60,003 | €60,000 | -€3 | 0.0% |
| Cash at bank and in hand | 54/58 | €60,566 | €45,412 | -€15,155 | -25.0% |
| Deferred charges and accrued income | 490/1 | €171 | €11,827 | +€11,656 | +6809.2% |
| Total equity and liabilities | 10/49 | €919,629 | €901,825 | -€17,804 | -1.9% |
| Equity | 10/15 | €309,247 | €330,003 | +€20,756 | +6.7% |
| Contributions | 10/11 | €77,000 | €77,000 | = | 0.0% |
| Capital | 10 | €77,000 | €77,000 | = | 0.0% |
| Issued capital | 100 | €77,000 | €77,000 | = | 0.0% |
| Reserves | 13 | €260,508 | €260,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €67,700 | €67,700 | = | 0.0% |
| Legal reserve | 130 | €7,700 | €7,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | - | -€60,000 | |
| Own shares acquired | 1312 | - | €60,000 | +€60,000 | |
| Tax-exempt reserves | 132 | €192,650 | €192,650 | = | 0.0% |
| Distributable reserves | 133 | €158 | €158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,262 | -€7,506 | +€20,756 | +73.4% |
| Amounts payable | 17/49 | €610,382 | €571,822 | -€38,560 | -6.3% |
| Amounts payable after more than one year | 17 | €37,065 | €23,380 | -€13,685 | -36.9% |
| Financial debts | 170/4 | €37,065 | €23,380 | -€13,685 | -36.9% |
| Amounts payable within one year | 42/48 | €573,317 | €548,442 | -€24,875 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €30,657 | €76,491 | +€45,834 | +149.5% |
| Financial debts | 43 | €230,000 | €90,000 | -€140,000 | -60.9% |
| Credit institutions | 430/8 | €230,000 | €90,000 | -€140,000 | -60.9% |
| Trade debts | 44 | €148,371 | €287,789 | +€139,418 | +94.0% |
| Suppliers | 440/4 | €148,371 | €287,789 | +€139,418 | +94.0% |
| Taxes, remuneration and social security | 45 | €121,682 | €94,162 | -€27,520 | -22.6% |
| Taxes | 450/3 | €9,702 | €3,906 | -€5,796 | -59.7% |
| Remuneration and social security | 454/9 | €111,980 | €90,256 | -€21,724 | -19.4% |
| Other amounts payable | 47/48 | €42,607 | - | -€42,607 | |
| Remuneration, social security and pensions | 62 | €610,230 | €629,806 | +€19,576 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,297 | €23,744 | -€3,554 | -13.0% |
| Other operating charges | 640/8 | €4,510 | €3,343 | -€1,167 | -25.9% |
| Non-recurring operating charges | 66A | €1,377 | €9,816 | +€8,438 | +612.6% |
| Gross operating margin | 9900 | €722,114 | €657,903 | -€64,211 | -8.9% |
| Operating profit (loss) | 9901 | €78,699 | -€8,805 | -€87,504 | |
| Financial income | 75/76B | - | €62,806 | +€62,806 | |
| Recurring financial income | 75 | - | €62,806 | +€62,806 | |
| Financial charges | 65/66B | €59,714 | €23,835 | -€35,879 | -60.1% |
| Recurring financial charges | 65 | €58,654 | €23,286 | -€35,368 | -60.3% |
| Non-recurring financial charges | 66B | €1,060 | €549 | -€511 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €18,985 | €30,165 | +€11,181 | +58.9% |
| Income taxes | 67/77 | €9,702 | €9,409 | -€292 | -3.0% |
| Profit (loss) for the period | 9904 | €9,283 | €20,756 | +€11,473 | +123.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,283 | €20,756 | +€11,473 | +123.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.