FLACHET HOLDINGS: 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.
FLACHET HOLDINGS
Largest movements
- Financial fixed assets -€26,565
down €26,565 (-5.8%), from €458,195 to €431,630
- Cash -€15,192
down €15,192 (-47.6%), from €31,908 to €16,716
mainly Debts after one year (-€86,843) and Current portion of long-term debt (-€13,068)
- Debts after one year -€86,843
down €86,843 (-48.5%), from €179,083 to €92,240
- Reserves +€68,766
up €68,766 (+139%), from €49,320 to €118,086
of which Distributable reserves: +€66,032
- Current portion of long-term debt -€13,068
down €13,068 (-23.1%), from €56,624 to €43,557
- Tax, wage and social debts -€9,552
down €9,552 (-48.9%), from €19,532 to €9,979
- Provisions +€85,938
up €85,938, from -€85,938 to €0
- Gross operating margin +€32,811
up €32,811 (+44.5%), from €73,762 to €106,573
- Other operating charges +€30,148
up €30,148 (+7,783%), from €387 to €30,535
- Taxes +€12,635
up €12,635 (+621%), from €2,034 to €14,669
- Financial income -€11,508
down €11,508 (-33.2%), from €34,715 to €23,207
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 | €549,642 | €506,613 | -€43,029 | -7.8% |
| Fixed assets | 21/28 | €461,561 | €433,675 | -€27,886 | -6.0% |
| Tangible fixed assets | 22/27 | €3,366 | €2,045 | -€1,321 | -39.2% |
| Furniture and vehicles | 24 | €3,366 | €2,045 | -€1,321 | -39.2% |
| Financial fixed assets | 28 | €458,195 | €431,630 | -€26,565 | -5.8% |
| Current assets | 29/58 | €88,081 | €72,938 | -€15,143 | -17.2% |
| Amounts receivable within one year | 40/41 | €56,173 | €56,222 | +€48 | +0.1% |
| Trade receivables | 40 | €2,900 | €3,209 | +€309 | +10.6% |
| Other amounts receivable | 41 | €53,273 | €53,013 | -€260 | -0.5% |
| Cash at bank and in hand | 54/58 | €31,908 | €16,716 | -€15,192 | -47.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €549,642 | €506,613 | -€43,029 | -7.8% |
| Equity | 10/15 | €289,970 | €358,736 | +€68,766 | +23.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €179,150 | €179,150 | = | 0.0% |
| Reserves | 13 | €49,320 | €118,086 | +€68,766 | +139% |
| Non-distributable reserves | 130/1 | €3,416 | €6,150 | +€2,734 | +80.0% |
| Legal reserve | 130 | €3,416 | €6,150 | +€2,734 | +80.0% |
| Distributable reserves | 133 | €45,904 | €111,936 | +€66,032 | +144% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €259,672 | €147,877 | -€111,795 | -43.1% |
| Amounts payable after more than one year | 17 | €179,083 | €92,240 | -€86,843 | -48.5% |
| Financial debts | 170/4 | €179,083 | €92,240 | -€86,843 | -48.5% |
| Amounts payable within one year | 42/48 | €80,589 | €55,637 | -€24,952 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €56,624 | €43,557 | -€13,068 | -23.1% |
| Trade debts | 44 | €4,316 | €1,984 | -€2,332 | -54.0% |
| Suppliers | 440/4 | €4,316 | €1,984 | -€2,332 | -54.0% |
| Taxes, remuneration and social security | 45 | €19,532 | €9,979 | -€9,552 | -48.9% |
| Taxes | 450/3 | €19,532 | €9,979 | -€9,552 | -48.9% |
| Other amounts payable | 47/48 | €117 | €117 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,332 | €1,321 | -€10 | -0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€85,938 | €0 | +€85,938 | |
| Other operating charges | 640/8 | €387 | €30,535 | +€30,148 | +7,783% |
| Non-recurring operating charges | 66A | €143,231 | €0 | -€143,231 | -100% |
| Gross operating margin | 9900 | €73,762 | €106,573 | +€32,811 | +44.5% |
| Operating profit (loss) | 9901 | €14,751 | €74,717 | +€59,967 | +407% |
| Financial income | 75/76B | €34,715 | €23,207 | -€11,508 | -33.2% |
| Recurring financial income | 75 | €34,715 | €23,207 | -€11,508 | -33.2% |
| Financial charges | 65/66B | €13,132 | €14,489 | +€1,357 | +10.3% |
| Recurring financial charges | 65 | €13,132 | €14,489 | +€1,357 | +10.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €36,333 | €83,435 | +€47,101 | +130% |
| Income taxes | 67/77 | €2,034 | €14,669 | +€12,635 | +621% |
| Profit (loss) for the period | 9904 | €34,300 | €68,766 | +€34,466 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €34,300 | €68,766 | +€34,466 | +100% |
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 26 October 2026 via checked.be.