FLAG MANAGEMENT: 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.
FLAG MANAGEMENT
Largest movements
- Cash +€37,308
up €37,308 (+29.1%), from €128,029 to €165,338
mainly Net result for the year (+€78,946) and Other debts (+€22,466)
- Receivables within one year -€5,216
down €5,216 (-22.2%), from €23,486 to €18,271
of which Other amounts receivable: -€3,903
- Tangible fixed assets -€3,775
down €3,775 (-89.9%), from €4,200 to €425
of which Furniture and vehicles: -€3,457
- Other debts +€22,466
up €22,466 (+57.6%), from €38,995 to €61,461
- Tax, wage and social debts +€9,201
up €9,201 (+118.9%), from €7,738 to €16,939
- Reserves -€5,232
down €5,232 (-5.2%), from €101,032 to €95,800
of which Distributable reserves: -€3,372
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Gross operating margin -€8,466
down €8,466 (-7.0%), from €121,161 to €112,695
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 | €155,716 | €184,034 | +€28,318 | +18.2% |
| Fixed assets | 21/28 | €4,200 | €425 | -€3,775 | -89.9% |
| Tangible fixed assets | 22/27 | €4,200 | €425 | -€3,775 | -89.9% |
| Furniture and vehicles | 24 | €3,883 | €425 | -€3,457 | -89.1% |
| Other tangible fixed assets | 26 | €318 | - | -€318 | |
| Current assets | 29/58 | €151,516 | €183,608 | +€32,093 | +21.2% |
| Amounts receivable within one year | 40/41 | €23,486 | €18,271 | -€5,216 | -22.2% |
| Trade receivables | 40 | €19,583 | €18,271 | -€1,312 | -6.7% |
| Other amounts receivable | 41 | €3,903 | - | -€3,903 | |
| Cash at bank and in hand | 54/58 | €128,029 | €165,338 | +€37,308 | +29.1% |
| Total equity and liabilities | 10/49 | €155,716 | €184,034 | +€28,318 | +18.2% |
| Equity | 10/15 | €107,594 | €103,868 | -€3,726 | -3.5% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €101,032 | €95,800 | -€5,232 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €99,172 | €95,800 | -€3,372 | -3.4% |
| Profit (loss) carried forward | 14 | €362 | €8 | -€354 | -97.8% |
| Amounts payable | 17/49 | €48,122 | €80,166 | +€32,044 | +66.6% |
| Amounts payable within one year | 42/48 | €48,122 | €80,166 | +€32,044 | +66.6% |
| Trade debts | 44 | €1,388 | €1,765 | +€377 | +27.1% |
| Suppliers | 440/4 | €1,388 | €1,765 | +€377 | +27.1% |
| Taxes, remuneration and social security | 45 | €7,738 | €16,939 | +€9,201 | +118.9% |
| Taxes | 450/3 | €7,738 | €16,939 | +€9,201 | +118.9% |
| Other amounts payable | 47/48 | €38,995 | €61,461 | +€22,466 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,068 | €3,775 | -€293 | -7.2% |
| Other operating charges | 640/8 | €1,055 | €926 | -€129 | -12.3% |
| Gross operating margin | 9900 | €121,161 | €112,695 | -€8,466 | -7.0% |
| Operating profit (loss) | 9901 | €116,037 | €107,994 | -€8,043 | -6.9% |
| Financial income | 75/76B | €1 | €0 | -€0 | -20.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -20.0% |
| Financial charges | 65/66B | €197 | €265 | +€68 | +34.2% |
| Recurring financial charges | 65 | €197 | €265 | +€68 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €115,840 | €107,730 | -€8,111 | -7.0% |
| Income taxes | 67/77 | €28,697 | €28,784 | +€87 | +0.3% |
| Profit (loss) for the period | 9904 | €87,144 | €78,946 | -€8,198 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,144 | €78,946 | -€8,198 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.