Flagro: 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.
Flagro
Largest movements
- Cash +€116,239
up €116,239 (+141.4%), from €82,199 to €198,438
mainly Net result for the year (+€139,639) and Depreciation (+€43,957)
- Tangible fixed assets -€39,972
down €39,972 (-7.0%), from €572,038 to €532,065
- Reserves +€99,600
up €99,600 (+8.5%), from €1.2m to €1.3m
of which Distributable reserves: +€99,600
- Tax, wage and social debts +€18,470
up €18,470 (+456.2%), from €4,049 to €22,519
- Financial income +€66,722
up €66,722 (+367.7%), from €18,145 to €84,867
- Taxes +€28,565
up €28,565 (+75.4%), from €37,902 to €66,467
- Depreciation -€14,170
down €14,170 (-24.4%), from €58,126 to €43,957
- Gross operating margin +€8,637
up €8,637 (+4.0%), from €213,867 to €222,504
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 | €1,563,695 | €1,656,777 | +€93,081 | +6.0% |
| Fixed assets | 21/28 | €572,234 | €532,261 | -€39,972 | -7.0% |
| Tangible fixed assets | 22/27 | €572,038 | €532,065 | -€39,972 | -7.0% |
| Land and buildings | 22 | €572,038 | €532,065 | -€39,972 | -7.0% |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €991,462 | €1,124,515 | +€133,054 | +13.4% |
| Amounts receivable within one year | 40/41 | €4,084 | €6,271 | +€2,187 | +53.6% |
| Trade receivables | 40 | - | €815 | +€815 | |
| Other amounts receivable | 41 | €4,084 | €5,456 | +€1,372 | +33.6% |
| Current investments | 50/53 | €900,823 | €915,777 | +€14,954 | +1.7% |
| Cash at bank and in hand | 54/58 | €82,199 | €198,438 | +€116,239 | +141.4% |
| Deferred charges and accrued income | 490/1 | €4,356 | €4,029 | -€327 | -7.5% |
| Total equity and liabilities | 10/49 | €1,563,695 | €1,656,777 | +€93,081 | +6.0% |
| Equity | 10/15 | €1,514,434 | €1,614,074 | +€99,639 | +6.6% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €1,165,687 | €1,265,287 | +€99,600 | +8.5% |
| Non-distributable reserves | 130/1 | €45,113 | €45,113 | = | 0.0% |
| Legal reserve | 130 | €44,738 | €44,738 | = | 0.0% |
| Reserves not available under the articles | 1311 | €374 | €374 | = | 0.0% |
| Distributable reserves | 133 | €1,120,575 | €1,220,175 | +€99,600 | +8.9% |
| Profit (loss) carried forward | 14 | €261,747 | €261,786 | +€39 | 0.0% |
| Amounts payable | 17/49 | €49,261 | €42,703 | -€6,558 | -13.3% |
| Amounts payable after more than one year | 17 | €2,303 | €2,303 | = | 0.0% |
| Other amounts payable | 178/9 | €2,303 | €2,303 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,984 | €24,114 | +€5,129 | +27.0% |
| Trade debts | 44 | €14,935 | €1,595 | -€13,341 | -89.3% |
| Suppliers | 440/4 | €14,935 | €1,595 | -€13,341 | -89.3% |
| Taxes, remuneration and social security | 45 | €4,049 | €22,519 | +€18,470 | +456.2% |
| Taxes | 450/3 | €4,049 | €22,519 | +€18,470 | +456.2% |
| Accrued charges and deferred income | 492/3 | €27,973 | €16,286 | -€11,687 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,126 | €43,957 | -€14,170 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2 | -€2 | |
| Other operating charges | 640/8 | €50,559 | €52,587 | +€2,027 | +4.0% |
| Non-recurring operating charges | 66A | €4,906 | - | -€4,906 | |
| Gross operating margin | 9900 | €213,867 | €222,504 | +€8,637 | +4.0% |
| Operating profit (loss) | 9901 | €100,275 | €125,963 | +€25,688 | +25.6% |
| Financial income | 75/76B | €18,145 | €84,867 | +€66,722 | +367.7% |
| Recurring financial income | 75 | €18,145 | €84,867 | +€66,722 | +367.7% |
| Financial charges | 65/66B | €3,121 | €4,724 | +€1,602 | +51.3% |
| Recurring financial charges | 65 | €3,121 | €4,724 | +€1,602 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €115,298 | €206,106 | +€90,808 | +78.8% |
| Income taxes | 67/77 | €37,902 | €66,467 | +€28,565 | +75.4% |
| Profit (loss) for the period | 9904 | €77,396 | €139,639 | +€62,243 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,396 | €139,639 | +€62,243 | +80.4% |
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 3 October 2026 via checked.be.