Flaks: 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.
Flaks
Largest movements
- Cash +€15,359
up €15,359 (+9.6%), from €160,452 to €175,810
mainly Other debts (+€115,498) and Net result for the year (+€24,095)
- Receivables within one year -€3,548
down €3,548 (-54.4%), from €6,521 to €2,973
of which Trade receivables: -€3,548
- Tangible fixed assets -€2,710
down €2,710 (-59.4%), from €4,564 to €1,854
- Other debts +€115,498
up €115,498 (+721.6%), from €16,005 to €131,504
- Profit (loss) carried forward -€105,905
down €105,905 (-96.8%), from €109,428 to €3,523
- Financial charges -€21,444
down €21,444 (-97.9%), from €21,893 to €449
- Gross operating margin +€9,593
up €9,593 (+53.8%), from €17,834 to €27,427
- Financial income -€5,829
down €5,829 (-75.4%), from €7,727 to €1,897
- Taxes +€1,362
up €1,362 (+1064.2%), from €128 to €1,490
- Depreciation +€970
up €970 (+55.8%), from €1,739 to €2,710
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 | €172,265 | €181,420 | +€9,155 | +5.3% |
| Fixed assets | 21/28 | €4,564 | €1,854 | -€2,710 | -59.4% |
| Tangible fixed assets | 22/27 | €4,564 | €1,854 | -€2,710 | -59.4% |
| Furniture and vehicles | 24 | €4,564 | €1,854 | -€2,710 | -59.4% |
| Current assets | 29/58 | €167,701 | €179,566 | +€11,865 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,521 | €2,973 | -€3,548 | -54.4% |
| Trade receivables | 40 | €4,649 | €1,101 | -€3,548 | -76.3% |
| Other amounts receivable | 41 | €1,872 | €1,872 | = | 0.0% |
| Current investments | 50/53 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,452 | €175,810 | +€15,359 | +9.6% |
| Deferred charges and accrued income | 490/1 | €528 | €582 | +€54 | +10.2% |
| Total equity and liabilities | 10/49 | €172,265 | €181,420 | +€9,155 | +5.3% |
| Equity | 10/15 | €147,126 | €41,221 | -€105,905 | -72.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €19,148 | €19,148 | = | 0.0% |
| Distributable reserves | 133 | €19,148 | €19,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,428 | €3,523 | -€105,905 | -96.8% |
| Amounts payable | 17/49 | €25,139 | €140,199 | +€115,061 | +457.7% |
| Amounts payable within one year | 42/48 | €18,059 | €133,194 | +€115,135 | +637.6% |
| Trade debts | 44 | €61 | €658 | +€597 | +984.2% |
| Suppliers | 440/4 | €61 | €658 | +€597 | +984.2% |
| Taxes, remuneration and social security | 45 | €1,993 | €1,033 | -€960 | -48.2% |
| Taxes | 450/3 | €1,993 | €1,033 | -€960 | -48.2% |
| Other amounts payable | 47/48 | €16,005 | €131,504 | +€115,498 | +721.6% |
| Accrued charges and deferred income | 492/3 | €7,080 | €7,005 | -€75 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €2,710 | +€970 | +55.8% |
| Other operating charges | 640/8 | €519 | €581 | +€63 | +12.1% |
| Gross operating margin | 9900 | €17,834 | €27,427 | +€9,593 | +53.8% |
| Operating profit (loss) | 9901 | €15,576 | €24,136 | +€8,560 | +55.0% |
| Financial income | 75/76B | €7,727 | €1,897 | -€5,829 | -75.4% |
| Recurring financial income | 75 | €7,727 | €1,897 | -€5,829 | -75.4% |
| Financial charges | 65/66B | €21,893 | €449 | -€21,444 | -97.9% |
| Recurring financial charges | 65 | €21,893 | €449 | -€21,444 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €1,410 | €25,585 | +€24,175 | +1714.5% |
| Income taxes | 67/77 | €128 | €1,490 | +€1,362 | +1064.2% |
| Profit (loss) for the period | 9904 | €1,282 | €24,095 | +€22,813 | +1779.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,282 | €24,095 | +€22,813 | +1779.4% |
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 10 October 2026 via checked.be.