FLAKX: 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.
FLAKX
Largest movements
- Current investments +€652,889
up €652,889, from €0 to €652,889
- Tangible fixed assets -€217,163
down €217,163 (-10.7%), from €2.0m to €1.8m
of which Land and buildings: -€199,715
- Receivables after one year -€160,473
down €160,473 (-100.0%), from €160,473 to €0
- Stocks and contracts -€154,068
down €154,068 (-14.4%), from €1.1m to €913,305
- Receivables within one year +€150,033
up €150,033 (+14.3%), from €1.1m to €1.2m
of which Other amounts receivable: +€148,550
- Reserves +€379,474
up €379,474 (+29.7%), from €1.3m to €1.7m
of which Tax-exempt reserves: +€285,000
- Other debts -€182,113
down €182,113 (-68.7%), from €265,253 to €83,140
- Provisions +€95,000
new in 2025: €95,000
- Financial income +€307,057
up €307,057 (+417.3%), from €73,582 to €380,639
of which Non-recurring financial income: +€298,089
- Staff costs -€24,678
down €24,678 (-100.0%), from €24,678 to €0
- Financial charges -€17,361
down €17,361 (-12.7%), from €136,540 to €119,179
- Taxes -€14,922
down €14,922 (-38.6%), from €38,676 to €23,754
- Gross operating margin -€10,167
down €10,167 (-3.1%), from €332,411 to €322,244
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 | €4,488,293 | €4,788,885 | +€300,592 | +6.7% |
| Fixed assets | 21/28 | €2,041,268 | €1,817,949 | -€223,319 | -10.9% |
| Tangible fixed assets | 22/27 | €2,035,112 | €1,817,949 | -€217,163 | -10.7% |
| Land and buildings | 22 | €1,935,603 | €1,735,888 | -€199,715 | -10.3% |
| Plant, machinery and equipment | 23 | €3,958 | €2,858 | -€1,099 | -27.8% |
| Furniture and vehicles | 24 | €88,052 | €71,703 | -€16,349 | -18.6% |
| Other tangible fixed assets | 26 | €7,500 | €7,500 | = | 0.0% |
| Financial fixed assets | 28 | €6,156 | €0 | -€6,156 | -100.0% |
| Current assets | 29/58 | €2,447,025 | €2,970,936 | +€523,911 | +21.4% |
| Amounts receivable after more than one year | 29 | €160,473 | €0 | -€160,473 | -100.0% |
| Other amounts receivable | 291 | €160,473 | €0 | -€160,473 | -100.0% |
| Stocks and contracts in progress | 3 | €1,067,373 | €913,305 | -€154,068 | -14.4% |
| Stocks | 30/36 | €1,067,373 | €913,305 | -€154,068 | -14.4% |
| Amounts receivable within one year | 40/41 | €1,050,730 | €1,200,763 | +€150,033 | +14.3% |
| Trade receivables | 40 | €518 | €2,002 | +€1,483 | +286.2% |
| Other amounts receivable | 41 | €1,050,212 | €1,198,762 | +€148,550 | +14.1% |
| Current investments | 50/53 | €0 | €652,889 | +€652,889 | |
| Cash at bank and in hand | 54/58 | €162,168 | €128,615 | -€33,553 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,282 | €75,364 | +€69,083 | +1099.8% |
| Total equity and liabilities | 10/49 | €4,488,293 | €4,788,885 | +€300,592 | +6.7% |
| Equity | 10/15 | €2,476,868 | €2,856,342 | +€379,474 | +15.3% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €1,276,868 | €1,656,342 | +€379,474 | +29.7% |
| Tax-exempt reserves | 132 | €8,250 | €293,250 | +€285,000 | +3454.5% |
| Distributable reserves | 133 | €1,268,618 | €1,363,092 | +€94,474 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €95,000 | +€95,000 | |
| Deferred taxes | 168 | - | €95,000 | +€95,000 | |
| Amounts payable | 17/49 | €2,011,425 | €1,837,543 | -€173,882 | -8.6% |
| Amounts payable after more than one year | 17 | €1,679,283 | €1,682,057 | +€2,774 | +0.2% |
| Other amounts payable | 178/9 | €1,679,283 | €1,682,057 | +€2,774 | +0.2% |
| Amounts payable within one year | 42/48 | €331,853 | €154,397 | -€177,456 | -53.5% |
| Trade debts | 44 | €16,563 | €23,406 | +€6,842 | +41.3% |
| Suppliers | 440/4 | €16,563 | €23,406 | +€6,842 | +41.3% |
| Taxes, remuneration and social security | 45 | €50,036 | €47,851 | -€2,186 | -4.4% |
| Taxes | 450/3 | €49,936 | €47,851 | -€2,086 | -4.2% |
| Remuneration and social security | 454/9 | €100 | €0 | -€100 | -100.0% |
| Other amounts payable | 47/48 | €265,253 | €83,140 | -€182,113 | -68.7% |
| Accrued charges and deferred income | 492/3 | €290 | €1,090 | +€800 | +276.3% |
| Non-recurring operating income | 76A | €207 | €138,555 | +€138,348 | +66961.0% |
| Remuneration, social security and pensions | 62 | €24,678 | €0 | -€24,678 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,379 | €96,900 | -€8,479 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,069 | -€4,860 | -€2,791 | -134.9% |
| Other operating charges | 640/8 | €19,106 | €20,199 | +€1,093 | +5.7% |
| Non-recurring operating charges | 66A | €0 | €68,238 | +€68,238 | |
| Gross operating margin | 9900 | €332,411 | €322,244 | -€10,167 | -3.1% |
| Operating profit (loss) | 9901 | €185,317 | €141,768 | -€43,549 | -23.5% |
| Financial income | 75/76B | €73,582 | €380,639 | +€307,057 | +417.3% |
| Recurring financial income | 75 | €73,582 | €82,550 | +€8,968 | +12.2% |
| Non-recurring financial income | 76B | - | €298,089 | +€298,089 | |
| Financial charges | 65/66B | €136,540 | €119,179 | -€17,361 | -12.7% |
| Recurring financial charges | 65 | €136,540 | €119,179 | -€17,361 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €122,358 | €403,228 | +€280,869 | +229.5% |
| Income taxes | 67/77 | €38,676 | €23,754 | -€14,922 | -38.6% |
| Profit (loss) for the period | 9904 | €83,683 | €379,474 | +€295,791 | +353.5% |
| Transfer to tax-exempt reserves | 689 | - | €285,000 | +€285,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,683 | €94,474 | +€10,791 | +12.9% |
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 4 October 2026 via checked.be.