FLADIS: 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.
FLADIS
Largest movements
- Receivables within one year +€350,344
up €350,344 (+67.3%), from €520,603 to €870,947
of which Other amounts receivable: +€314,152
- Tangible fixed assets +€140,615
up €140,615 (+53.6%), from €262,302 to €402,917
of which Plant, machinery and equipment: +€102,424
- Stocks and contracts +€58,513
up €58,513 (+17.5%), from €334,158 to €392,671
- Cash -€35,764
down €35,764 (-15.6%), from €228,890 to €193,127
mainly Receivables within one year (-€350,344) and Investment in fixed assets (net) (-€238,714)
- Short-term financial debts +€175,000
new in 2024: €175,000
- Reserves +€164,800
up €164,800 (+34.3%), from €481,126 to €645,926
of which Distributable reserves: +€164,800
- Trade debts +€71,381
up €71,381 (+19.9%), from €359,065 to €430,445
- Debts after one year +€66,454
up €66,454 (+69.9%), from €95,011 to €161,465
- Current portion of long-term debt +€55,028
up €55,028 (+39.5%), from €139,228 to €194,256
- Staff costs +€209,695
up €209,695 (+27.5%), from €762,613 to €972,307
- Gross operating margin +€140,304
up €140,304 (+11.1%), from €1.3m to €1.4m
- Taxes -€30,538
down €30,538 (-26.6%), from €114,903 to €84,364
- Depreciation +€18,354
up €18,354 (+26.1%), from €70,245 to €88,599
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,371,942 | €1,896,109 | +€524,167 | +38.2% |
| Fixed assets | 21/28 | €276,192 | €426,306 | +€150,115 | +54.4% |
| Intangible fixed assets | 21 | €4,067 | €3,317 | -€750 | -18.4% |
| Tangible fixed assets | 22/27 | €262,302 | €402,917 | +€140,615 | +53.6% |
| Land and buildings | 22 | €20,864 | €17,767 | -€3,097 | -14.8% |
| Plant, machinery and equipment | 23 | €180,163 | €282,586 | +€102,424 | +56.9% |
| Furniture and vehicles | 24 | €61,275 | €102,563 | +€41,288 | +67.4% |
| Financial fixed assets | 28 | €9,823 | €20,073 | +€10,250 | +104.3% |
| Current assets | 29/58 | €1,095,750 | €1,469,802 | +€374,052 | +34.1% |
| Stocks and contracts in progress | 3 | €334,158 | €392,671 | +€58,513 | +17.5% |
| Stocks | 30/36 | €334,158 | €392,671 | +€58,513 | +17.5% |
| Amounts receivable within one year | 40/41 | €520,603 | €870,947 | +€350,344 | +67.3% |
| Trade receivables | 40 | €311,475 | €347,667 | +€36,192 | +11.6% |
| Other amounts receivable | 41 | €209,128 | €523,280 | +€314,152 | +150.2% |
| Cash at bank and in hand | 54/58 | €228,890 | €193,127 | -€35,764 | -15.6% |
| Deferred charges and accrued income | 490/1 | €12,099 | €13,057 | +€959 | +7.9% |
| Total equity and liabilities | 10/49 | €1,371,942 | €1,896,109 | +€524,167 | +38.2% |
| Equity | 10/15 | €622,118 | €787,000 | +€164,882 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,126 | €645,926 | +€164,800 | +34.3% |
| Non-distributable reserves | 130/1 | €1,626 | €1,626 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,626 | €1,626 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,300 | €4,300 | = | 0.0% |
| Distributable reserves | 133 | €475,200 | €640,000 | +€164,800 | +34.7% |
| Profit (loss) carried forward | 14 | €122,392 | €122,474 | +€82 | +0.1% |
| Amounts payable | 17/49 | €749,824 | €1,109,109 | +€359,285 | +47.9% |
| Amounts payable after more than one year | 17 | €95,011 | €161,465 | +€66,454 | +69.9% |
| Financial debts | 170/4 | €95,011 | €161,465 | +€66,454 | +69.9% |
| Amounts payable within one year | 42/48 | €652,628 | €946,775 | +€294,147 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €139,228 | €194,256 | +€55,028 | +39.5% |
| Financial debts | 43 | - | €175,000 | +€175,000 | |
| Credit institutions | 430/8 | - | €175,000 | +€175,000 | |
| Trade debts | 44 | €359,065 | €430,445 | +€71,381 | +19.9% |
| Suppliers | 440/4 | €359,065 | €430,445 | +€71,381 | +19.9% |
| Taxes, remuneration and social security | 45 | €154,276 | €135,709 | -€18,567 | -12.0% |
| Taxes | 450/3 | €98,018 | €37,371 | -€60,648 | -61.9% |
| Remuneration and social security | 454/9 | €56,258 | €98,338 | +€42,080 | +74.8% |
| Other amounts payable | 47/48 | €60 | €11,365 | +€11,305 | +18990.4% |
| Accrued charges and deferred income | 492/3 | €2,186 | €870 | -€1,316 | -60.2% |
| Non-recurring operating income | 76A | €9,318 | - | -€9,318 | |
| Remuneration, social security and pensions | 62 | €762,613 | €972,307 | +€209,695 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,245 | €88,599 | +€18,354 | +26.1% |
| Other operating charges | 640/8 | €13,289 | €24,286 | +€10,997 | +82.8% |
| Gross operating margin | 9900 | €1,269,398 | €1,409,702 | +€140,304 | +11.1% |
| Operating profit (loss) | 9901 | €423,251 | €324,510 | -€98,741 | -23.3% |
| Financial income | 75/76B | €5,643 | €6,012 | +€369 | +6.5% |
| Recurring financial income | 75 | €5,643 | €1,361 | -€4,282 | -75.9% |
| Non-recurring financial income | 76B | - | €4,651 | +€4,651 | |
| Financial charges | 65/66B | €75,912 | €69,376 | -€6,535 | -8.6% |
| Recurring financial charges | 65 | €75,912 | €63,237 | -€12,675 | -16.7% |
| Non-recurring financial charges | 66B | - | €6,139 | +€6,139 | |
| Profit (loss) for the period before taxes | 9903 | €352,983 | €261,146 | -€91,837 | -26.0% |
| Income taxes | 67/77 | €114,903 | €84,364 | -€30,538 | -26.6% |
| Profit (loss) for the period | 9904 | €238,080 | €176,782 | -€61,298 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €238,080 | €176,782 | -€61,298 | -25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.