FLAMAND VEERLE: 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.
FLAMAND VEERLE
Largest movements
- Receivables within one year +€1,740
up €1,740 (+3.2%), from €54,923 to €56,663
of which Trade receivables: +€891
- Tangible fixed assets -€1,274
down €1,274 (-15.3%), from €8,332 to €7,058
of which Land and buildings: -€1,115
- Cash -€1,235
down €1,235 (-2.7%), from €45,839 to €44,604
mainly Receivables within one year (-€1,740) and Other debts (-€893)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,075
up €2,075 (+91.9%), from €2,258 to €4,334
- Financial charges -€575
down €575 (-17.9%), from €3,215 to €2,640
- Taxes +€551
up €551 (+116%), from €475 to €1,026
- Depreciation -€272
down €272 (-17.6%), from €1,546 to €1,274
- Other operating charges -€137
down €137 (-48.6%), from €281 to €144
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.
Derived cash bridge
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 | €111,094 | €110,171 | -€923 | -0.8% |
| Fixed assets | 21/28 | €8,332 | €7,058 | -€1,274 | -15.3% |
| Tangible fixed assets | 22/27 | €8,332 | €7,058 | -€1,274 | -15.3% |
| Land and buildings | 22 | €7,040 | €5,924 | -€1,115 | -15.8% |
| Plant, machinery and equipment | 23 | €1,274 | €1,134 | -€140 | -11.0% |
| Furniture and vehicles | 24 | €18 | - | -€18 | |
| Current assets | 29/58 | €102,762 | €103,113 | +€351 | +0.3% |
| Amounts receivable within one year | 40/41 | €54,923 | €56,663 | +€1,740 | +3.2% |
| Trade receivables | 40 | €11,248 | €12,139 | +€891 | +7.9% |
| Other amounts receivable | 41 | €43,675 | €44,524 | +€849 | +1.9% |
| Cash at bank and in hand | 54/58 | €45,839 | €44,604 | -€1,235 | -2.7% |
| Deferred charges and accrued income | 490/1 | €2,000 | €1,846 | -€154 | -7.7% |
| Total equity and liabilities | 10/49 | €111,094 | €110,171 | -€923 | -0.8% |
| Equity | 10/15 | €93,838 | €94,501 | +€663 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,096 | €77,096 | = | 0.0% |
| Distributable reserves | 133 | €77,096 | €77,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,858 | -€1,195 | +€663 | +35.7% |
| Amounts payable | 17/49 | €17,256 | €15,670 | -€1,586 | -9.2% |
| Amounts payable within one year | 42/48 | €17,256 | €15,670 | -€1,586 | -9.2% |
| Trade debts | 44 | €8,454 | €8,310 | -€144 | -1.7% |
| Suppliers | 440/4 | €8,454 | €8,310 | -€144 | -1.7% |
| Taxes, remuneration and social security | 45 | €2,759 | €2,210 | -€549 | -19.9% |
| Taxes | 450/3 | €404 | - | -€404 | |
| Remuneration and social security | 454/9 | €2,356 | €2,210 | -€145 | -6.2% |
| Other amounts payable | 47/48 | €6,043 | €5,150 | -€893 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €1,274 | -€272 | -17.6% |
| Other operating charges | 640/8 | €281 | €144 | -€137 | -48.6% |
| Gross operating margin | 9900 | €2,258 | €4,334 | +€2,075 | +91.9% |
| Operating profit (loss) | 9901 | €432 | €2,916 | +€2,484 | +575% |
| Financial income | 75/76B | €1,400 | €1,413 | +€13 | +0.9% |
| Recurring financial income | 75 | €1,400 | €1,413 | +€13 | +0.9% |
| Financial charges | 65/66B | €3,215 | €2,640 | -€575 | -17.9% |
| Recurring financial charges | 65 | €3,215 | €2,640 | -€575 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,383 | €1,688 | +€3,072 | |
| Income taxes | 67/77 | €475 | €1,026 | +€551 | +116% |
| Profit (loss) for the period | 9904 | -€1,858 | €663 | +€2,521 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,858 | €663 | +€2,521 |
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 26 October 2026 via checked.be.