FLAGEY: 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.
What changed
FLAGEY
NACE 90.393, Specialised image, lighting and sound technical services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€448
2024 · €5,413-€4,966
Equity
€4,319
2024 · €24,094-€19,776
Cash
€1.9m
2024 · €1.8m+€104,222
Balance sheet total
€3.6m
2024 · €3.5m+€127,964
Largest movements
Assets
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Receivables within one year +€170,050
up €170,050 (+14.1%), from €1.2m to €1.4m
of which Other amounts receivable: +€114,399
- Cash +€104,222
up €104,222 (+5.8%), from €1.8m to €1.9m
mainly Current investments (+€175,000) and Provisions (+€105,000)
- Deferred charges and accrued income +€56,219
up €56,219 (+35.0%), from €160,583 to €216,802
Equity and liabilities
- Provisions +€105,000
up €105,000 (+7.1%), from €1.5m to €1.6m
- Debts within one year +€81,212
up €81,212 (+5.6%), from €1.4m to €1.5m
of which Trade debts: +€164,972
- Accrued charges and deferred income -€38,473
down €38,473 (-7.1%), from €542,651 to €504,178
Income statement
- Services and other goods +€392,747
up €392,747 (+8.2%), from €4.8m to €5.2m
- Turnover +€253,904
up €253,904 (+7.5%), from €3.4m to €3.6m
- Staff costs +€72,406
up €72,406 (+3.0%), from €2.4m to €2.5m
- Other operating income +€37,307
up €37,307 (+4.9%), from €756,728 to €794,035
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.
Result 2024
€5,413
Turnover
+€253,904
Other operating income
+€37,307
Goods and materials
-€6,357
Services and other goods
-€392,747
Staff costs
-€72,406
Depreciation
+€8,360
Write-downs
-€2,081
Other operating charges
+€26,070
Other operating items
+€142,079
Financial income
+€1,390
Financial charges
-€486
Result 2025
€448
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.
From operations
-€50,555
Investment
+€175,000
Financing
-€20,223
Cash 2024
€1.8m
From operations (derived)
-€50,555
Net result for the year
+€448
Depreciation
+€27,197
Stocks and contracts
+€330
Receivables within one year
-€170,050
Deferred charges and accrued income
-€56,219
Provisions
+€105,000
Debts within one year
+€81,212
Accrued charges and deferred income
-€38,473
Investment (derived)
+€175,000
Current investments
+€175,000
Financing
-€20,223
Contributions, distributions and other
-€20,223
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,499,346 | €3,627,309 | +€127,964 | +3.7% |
| Fixed assets | 21/28 | €166,007 | €138,810 | -€27,197 | -16.4% |
| Tangible fixed assets | 22/27 | €166,007 | €138,810 | -€27,197 | -16.4% |
| Plant, machinery and equipment | 23 | €166,007 | €138,810 | -€27,197 | -16.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €3,333,338 | €3,488,499 | +€155,161 | +4.7% |
| Stocks and contracts in progress | 3 | €8,155 | €7,825 | -€330 | -4.0% |
| Stocks | 30/36 | €8,155 | €7,825 | -€330 | -4.0% |
| Goods purchased for resale | 34 | €8,155 | €7,825 | -€330 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,202,852 | €1,372,902 | +€170,050 | +14.1% |
| Trade receivables | 40 | €494,735 | €550,387 | +€55,651 | +11.2% |
| Other amounts receivable | 41 | €708,116 | €822,515 | +€114,399 | +16.2% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €1,786,749 | €1,890,971 | +€104,222 | +5.8% |
| Deferred charges and accrued income | 490/1 | €160,583 | €216,802 | +€56,219 | +35.0% |
| Total equity and liabilities | 10/49 | €3,499,346 | €3,627,309 | +€127,964 | +3.7% |
| Equity | 10/15 | €24,094 | €4,319 | -€19,776 | -82.1% |
| Profit (loss) carried forward | 14 | -€134,939 | -€134,491 | +€448 | +0.3% |
| Investment grants | 15 | €159,033 | €138,810 | -€20,223 | -12.7% |
| Provisions and deferred taxes | 16 | €1,487,650 | €1,592,650 | +€105,000 | +7.1% |
| Provisions for liabilities and charges | 160/5 | €1,487,650 | €1,592,650 | +€105,000 | +7.1% |
| Major repairs and maintenance | 162 | €182,000 | €182,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,305,650 | €1,410,650 | +€105,000 | +8.0% |
| Amounts payable | 17/49 | €1,987,601 | €2,030,340 | +€42,739 | +2.2% |
| Amounts payable within one year | 42/48 | €1,444,950 | €1,526,162 | +€81,212 | +5.6% |
| Trade debts | 44 | €643,267 | €808,239 | +€164,972 | +25.6% |
| Suppliers | 440/4 | €643,267 | €808,239 | +€164,972 | +25.6% |
| Advances received on contracts in progress | 46 | €110,650 | €51,462 | -€59,188 | -53.5% |
| Taxes, remuneration and social security | 45 | €318,785 | €348,061 | +€29,276 | +9.2% |
| Taxes | 450/3 | - | €11,119 | +€11,119 | |
| Remuneration and social security | 454/9 | €318,785 | €336,942 | +€18,157 | +5.7% |
| Accrued charges and deferred income | 492/3 | €542,651 | €504,178 | -€38,473 | -7.1% |
| Operating income | 70/76A | €7,466,889 | €7,870,179 | +€403,290 | +5.4% |
| Turnover | 70 | €3,367,013 | €3,620,917 | +€253,904 | +7.5% |
| Membership fees, donations, legacies and grants | 73 | €3,343,148 | €3,455,228 | +€112,079 | +3.4% |
| Other operating income | 74 | €756,728 | €794,035 | +€37,307 | +4.9% |
| Operating charges | 60/66A | €7,501,112 | €7,910,272 | +€409,161 | +5.5% |
| Goods for resale, raw materials and consumables | 60 | €83,128 | €89,485 | +€6,357 | +7.6% |
| Purchases | 600/8 | €82,408 | €89,156 | +€6,747 | +8.2% |
| Change in stocks: decrease (increase) | 609 | €720 | €330 | -€390 | -54.2% |
| Services and other goods | 61 | €4,797,107 | €5,189,854 | +€392,747 | +8.2% |
| Remuneration, social security and pensions | 62 | €2,416,059 | €2,488,465 | +€72,406 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,558 | €27,197 | -€8,360 | -23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,081 | - | +€2,081 | |
| Other operating charges | 640/8 | €36,341 | €10,271 | -€26,070 | -71.7% |
| Operating profit (loss) | 9901 | -€34,223 | -€40,093 | -€5,870 | -17.2% |
| Financial income | 75/76B | €60,198 | €61,588 | +€1,390 | +2.3% |
| Recurring financial income | 75 | €60,198 | €61,588 | +€1,390 | +2.3% |
| Income from current assets | 751 | €16,987 | €23,511 | +€6,524 | +38.4% |
| Other financial income | 752/9 | €43,211 | €38,077 | -€5,134 | -11.9% |
| Financial charges | 65/66B | €20,562 | €21,047 | +€486 | +2.4% |
| Recurring financial charges | 65 | €20,562 | €21,047 | +€486 | +2.4% |
| Debt charges | 650 | €0 | - | -€0 | |
| Other financial charges | 652/9 | €20,562 | €21,047 | +€486 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €5,413 | €448 | -€4,966 | -91.7% |
| Profit (loss) for the period | 9904 | €5,413 | €448 | -€4,966 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,413 | €448 | -€4,966 | -91.7% |
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 11 October 2026 via checked.be.