FLAMEND & PARTNERS: 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.
FLAMEND & PARTNERS
Largest movements
- Cash +€23,491
up €23,491 (+287%), from €8,178 to €31,669
mainly Tax, wage and social debts (+€13,209) and Net result for the year (+€12,706)
- Receivables within one year +€10,075
up €10,075 (+19.9%), from €50,732 to €60,807
of which Trade receivables: +€6,602
- Tangible fixed assets -€3,876
down €3,876 (-8.9%), from €43,771 to €39,895
of which Other tangible fixed assets: -€3,220
- Tax, wage and social debts +€13,209
up €13,209 (+80.0%), from €16,506 to €29,714
of which Remuneration and social security: +€9,073
- Reserves +€12,706
up €12,706 (+60.1%), from €21,129 to €33,835
of which Distributable reserves: +€12,706
- Trade debts +€8,093
up €8,093 (+76.7%), from €10,551 to €18,644
- Debts after one year -€7,581
down €7,581 (-66.1%), from €11,476 to €3,895
- Other debts +€3,212
up €3,212 (+73.9%), from €4,345 to €7,557
- Gross operating margin +€62,720
up €62,720 (+118%), from €53,147 to €115,867
- Staff costs +€22,925
up €22,925 (+47.9%), from €47,882 to €70,807
- Write-downs +€8,113
new in 2025: €8,113
- Other operating charges +€3,052
up €3,052 (+51.1%), from €5,970 to €9,022
- Taxes +€2,399
up €2,399 (+1,874%), from €128 to €2,527
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 | €109,038 | €138,847 | +€29,808 | +27.3% |
| Fixed assets | 21/28 | €44,131 | €40,255 | -€3,876 | -8.8% |
| Tangible fixed assets | 22/27 | €43,771 | €39,895 | -€3,876 | -8.9% |
| Plant, machinery and equipment | 23 | €1,990 | €1,374 | -€616 | -30.9% |
| Furniture and vehicles | 24 | €24,632 | €24,591 | -€40 | -0.2% |
| Other tangible fixed assets | 26 | €17,150 | €13,930 | -€3,220 | -18.8% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €64,907 | €98,591 | +€33,684 | +51.9% |
| Amounts receivable within one year | 40/41 | €50,732 | €60,807 | +€10,075 | +19.9% |
| Trade receivables | 40 | €41,860 | €48,463 | +€6,602 | +15.8% |
| Other amounts receivable | 41 | €8,872 | €12,345 | +€3,473 | +39.1% |
| Cash at bank and in hand | 54/58 | €8,178 | €31,669 | +€23,491 | +287% |
| Deferred charges and accrued income | 490/1 | €5,997 | €6,114 | +€118 | +2.0% |
| Total equity and liabilities | 10/49 | €109,038 | €138,847 | +€29,808 | +27.3% |
| Equity | 10/15 | €58,724 | €71,430 | +€12,706 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,129 | €33,835 | +€12,706 | +60.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,269 | €31,975 | +€12,706 | +65.9% |
| Profit (loss) carried forward | 14 | €25,195 | €25,195 | = | 0.0% |
| Amounts payable | 17/49 | €50,314 | €67,416 | +€17,102 | +34.0% |
| Amounts payable after more than one year | 17 | €11,476 | €3,895 | -€7,581 | -66.1% |
| Financial debts | 170/4 | €11,476 | €3,895 | -€7,581 | -66.1% |
| Amounts payable within one year | 42/48 | €38,714 | €63,497 | +€24,783 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €7,312 | €7,581 | +€269 | +3.7% |
| Trade debts | 44 | €10,551 | €18,644 | +€8,093 | +76.7% |
| Suppliers | 440/4 | €10,551 | €18,644 | +€8,093 | +76.7% |
| Taxes, remuneration and social security | 45 | €16,506 | €29,714 | +€13,209 | +80.0% |
| Taxes | 450/3 | €11,870 | €16,006 | +€4,136 | +34.8% |
| Remuneration and social security | 454/9 | €4,635 | €13,708 | +€9,073 | +196% |
| Other amounts payable | 47/48 | €4,345 | €7,557 | +€3,212 | +73.9% |
| Accrued charges and deferred income | 492/3 | €123 | €24 | -€99 | -80.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,882 | €70,807 | +€22,925 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,131 | €11,532 | -€599 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,113 | +€8,113 | |
| Other operating charges | 640/8 | €5,970 | €9,022 | +€3,052 | +51.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,147 | €115,867 | +€62,720 | +118% |
| Operating profit (loss) | 9901 | -€12,836 | €16,393 | +€29,229 | |
| Financial income | 75/76B | €953 | €505 | -€449 | -47.1% |
| Recurring financial income | 75 | €953 | €505 | -€449 | -47.1% |
| Financial charges | 65/66B | €2,219 | €1,664 | -€554 | -25.0% |
| Recurring financial charges | 65 | €2,219 | €1,664 | -€554 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,101 | €15,233 | +€29,335 | |
| Income taxes | 67/77 | €128 | €2,527 | +€2,399 | +1,874% |
| Profit (loss) for the period | 9904 | -€14,229 | €12,706 | +€26,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,229 | €12,706 | +€26,935 |
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 20 October 2026 via checked.be.