FLAMAND PROJECTS: 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.
FLAMAND PROJECTS
Largest movements
- Receivables within one year -€274,860
down €274,860 (-33.2%), from €827,652 to €552,791
of which Trade receivables: -€280,388
- Cash +€194,434
up €194,434 (+174.2%), from €111,631 to €306,065
mainly Net result for the year (+€293,955) and Receivables within one year (+€274,860)
- Stocks and contracts +€101,922
up €101,922 (+37.3%), from €273,204 to €375,126
of which Contracts in progress: +€77,503
- Tangible fixed assets -€99,499
down €99,499 (-11.2%), from €888,965 to €789,466
of which Plant, machinery and equipment: -€54,973
- Debts after one year -€246,143
down €246,143 (-30.7%), from €802,359 to €556,216
of which Other amounts payable: -€150,000
- Reserves +€200,000
up €200,000 (+173.2%), from €115,500 to €315,500
of which Distributable reserves: +€200,000
- Short-term financial debts -€108,787
down €108,787 (-38.3%), from €283,787 to €175,000
- Profit (loss) carried forward +€92,289
up €92,289, from -€73,411 to €18,878
- Advances received -€58,381
no longer reported in 2026 (was €58,381)
- Gross operating margin +€933,211
up €933,211 (+149.9%), from €622,655 to €1.6m
- Staff costs +€288,577
up €288,577 (+46.1%), from €625,615 to €914,192
- Taxes +€87,239
up €87,239 (+11148.1%), from €783 to €88,022
- Write-downs +€66,613
new in 2026: €66,613
- Financial income -€28,635
down €28,635 (-70.8%), from €40,473 to €11,838
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,113,795 | €2,035,791 | -€78,004 | -3.7% |
| Fixed assets | 21/28 | €900,731 | €801,232 | -€99,499 | -11.0% |
| Tangible fixed assets | 22/27 | €888,965 | €789,466 | -€99,499 | -11.2% |
| Land and buildings | 22 | €315,156 | €301,544 | -€13,612 | -4.3% |
| Plant, machinery and equipment | 23 | €401,387 | €346,414 | -€54,973 | -13.7% |
| Furniture and vehicles | 24 | €81,176 | €97,429 | +€16,253 | +20.0% |
| Leasing and similar rights | 25 | €91,246 | €44,079 | -€47,167 | -51.7% |
| Financial fixed assets | 28 | €11,766 | €11,766 | = | 0.0% |
| Current assets | 29/58 | €1,213,064 | €1,234,559 | +€21,496 | +1.8% |
| Stocks and contracts in progress | 3 | €273,204 | €375,126 | +€101,922 | +37.3% |
| Stocks | 30/36 | €153,204 | €177,623 | +€24,419 | +15.9% |
| Contracts in progress | 37 | €120,000 | €197,503 | +€77,503 | +64.6% |
| Amounts receivable within one year | 40/41 | €827,652 | €552,791 | -€274,860 | -33.2% |
| Trade receivables | 40 | €754,440 | €474,052 | -€280,388 | -37.2% |
| Other amounts receivable | 41 | €73,212 | €78,739 | +€5,527 | +7.5% |
| Cash at bank and in hand | 54/58 | €111,631 | €306,065 | +€194,434 | +174.2% |
| Deferred charges and accrued income | 490/1 | €577 | €577 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €2,113,795 | €2,035,791 | -€78,004 | -3.7% |
| Equity | 10/15 | €43,089 | €335,378 | +€292,289 | +678.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €115,500 | €315,500 | +€200,000 | +173.2% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €99,000 | €299,000 | +€200,000 | +202.0% |
| Profit (loss) carried forward | 14 | -€73,411 | €18,878 | +€92,289 | |
| Amounts payable | 17/49 | €2,070,706 | €1,700,413 | -€370,292 | -17.9% |
| Amounts payable after more than one year | 17 | €802,359 | €556,216 | -€246,143 | -30.7% |
| Financial debts | 170/4 | €652,359 | €556,216 | -€96,143 | -14.7% |
| Other amounts payable | 178/9 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €1,268,347 | €1,144,197 | -€124,149 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €136,074 | €109,341 | -€26,733 | -19.6% |
| Financial debts | 43 | €283,787 | €175,000 | -€108,787 | -38.3% |
| Credit institutions | 430/8 | €283,787 | €175,000 | -€108,787 | -38.3% |
| Trade debts | 44 | €657,774 | €696,070 | +€38,296 | +5.8% |
| Suppliers | 440/4 | €657,774 | €696,070 | +€38,296 | +5.8% |
| Advances received on contracts in progress | 46 | €58,381 | - | -€58,381 | |
| Taxes, remuneration and social security | 45 | €61,316 | €105,492 | +€44,176 | +72.0% |
| Taxes | 450/3 | €13,471 | €65,000 | +€51,529 | +382.5% |
| Remuneration and social security | 454/9 | €47,845 | €40,492 | -€7,353 | -15.4% |
| Other amounts payable | 47/48 | €71,015 | €58,294 | -€12,720 | -17.9% |
| Non-recurring operating income | 76A | - | €74,747 | +€74,747 | |
| Remuneration, social security and pensions | 62 | €625,615 | €914,192 | +€288,577 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,898 | €132,866 | +€2,968 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €66,613 | +€66,613 | |
| Other operating charges | 640/8 | €16,380 | €14,186 | -€2,193 | -13.4% |
| Gross operating margin | 9900 | €622,655 | €1,555,866 | +€933,211 | +149.9% |
| Operating profit (loss) | 9901 | -€149,238 | €428,008 | +€577,246 | |
| Financial income | 75/76B | €40,473 | €11,838 | -€28,635 | -70.8% |
| Recurring financial income | 75 | €40,473 | €11,838 | -€28,635 | -70.8% |
| Financial charges | 65/66B | €40,550 | €57,869 | +€17,320 | +42.7% |
| Recurring financial charges | 65 | €40,550 | €57,869 | +€17,320 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | -€149,314 | €381,977 | +€531,291 | |
| Income taxes | 67/77 | €783 | €88,022 | +€87,239 | +11148.1% |
| Profit (loss) for the period | 9904 | -€150,097 | €293,955 | +€444,052 | |
| Profit (loss) for the period to be appropriated | 9905 | -€150,097 | €293,955 | +€444,052 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.