FLAMENT: what changed
FLAMENT
Largest movements
- Stocks and contracts +€98,935
up €98,935 (+21.7%), from €455,089 to €554,024
- Cash -€43,696
down €43,696 (-51.7%), from €84,483 to €40,787
mainly Investment in fixed assets (net) (-€278,709) and Trade debts (-€141,659)
- Tangible fixed assets +€30,360
up €30,360 (+3.0%), from €1.0m to €1.1m
of which Plant, machinery and equipment: +€122,480
- Receivables within one year -€20,403
down €20,403 (-25.8%), from €79,126 to €58,723
of which Other amounts receivable: -€25,838
- Trade debts -€141,659
down €141,659 (-74.9%), from €189,008 to €47,349
- Short-term financial debts +€100,000
new in 2025: €100,000
- Reserves +€62,144
up €62,144 (+5.1%), from €1.2m to €1.3m
of which Distributable reserves: +€62,144
- Tax, wage and social debts +€31,382
up €31,382 (+117%), from €26,848 to €58,230
of which Taxes: +€29,569
- Other debts +€19,579
up €19,579 (+14.4%), from €136,210 to €155,789
- Gross operating margin +€175,024
up €175,024 (+41.4%), from €423,179 to €598,203
- Depreciation +€55,093
up €55,093 (+28.5%), from €193,256 to €248,349
- Taxes +€34,410
up €34,410 (+105%), from €32,725 to €67,135
- Staff costs +€23,963
up €23,963 (+39.7%), from €60,378 to €84,341
- Other operating charges -€9,494
down €9,494 (-25.4%), from €37,385 to €27,891
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,645,128 | €1,710,324 | +€65,196 | +4.0% |
| Fixed assets | 21/28 | €1,026,430 | €1,056,790 | +€30,360 | +3.0% |
| Tangible fixed assets | 22/27 | €1,026,430 | €1,056,790 | +€30,360 | +3.0% |
| Land and buildings | 22 | €352,019 | €391,439 | +€39,420 | +11.2% |
| Plant, machinery and equipment | 23 | €194,815 | €317,295 | +€122,480 | +62.9% |
| Furniture and vehicles | 24 | €479,596 | €348,056 | -€131,540 | -27.4% |
| Current assets | 29/58 | €618,698 | €653,534 | +€34,836 | +5.6% |
| Stocks and contracts in progress | 3 | €455,089 | €554,024 | +€98,935 | +21.7% |
| Stocks | 30/36 | €455,089 | €554,024 | +€98,935 | +21.7% |
| Amounts receivable within one year | 40/41 | €79,126 | €58,723 | -€20,403 | -25.8% |
| Trade receivables | 40 | €4,335 | €9,770 | +€5,435 | +125% |
| Other amounts receivable | 41 | €74,791 | €48,953 | -€25,838 | -34.5% |
| Cash at bank and in hand | 54/58 | €84,483 | €40,787 | -€43,696 | -51.7% |
| Total equity and liabilities | 10/49 | €1,645,128 | €1,710,324 | +€65,196 | +4.0% |
| Equity | 10/15 | €1,286,812 | €1,348,956 | +€62,144 | +4.8% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Capital | 10 | €69,410 | €69,410 | = | 0.0% |
| Issued capital | 100 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €1,217,402 | €1,279,546 | +€62,144 | +5.1% |
| Non-distributable reserves | 130/1 | €6,941 | €6,941 | = | 0.0% |
| Legal reserve | 130 | €6,941 | €6,941 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,199 | €53,199 | = | 0.0% |
| Distributable reserves | 133 | €1,157,262 | €1,219,406 | +€62,144 | +5.4% |
| Amounts payable | 17/49 | €358,316 | €361,368 | +€3,052 | +0.9% |
| Amounts payable within one year | 42/48 | €358,316 | €361,368 | +€3,052 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | - | -€6,250 | |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €189,008 | €47,349 | -€141,659 | -74.9% |
| Suppliers | 440/4 | €189,008 | €47,349 | -€141,659 | -74.9% |
| Taxes, remuneration and social security | 45 | €26,848 | €58,230 | +€31,382 | +117% |
| Taxes | 450/3 | €24,404 | €53,973 | +€29,569 | +121% |
| Remuneration and social security | 454/9 | €2,444 | €4,257 | +€1,813 | +74.2% |
| Other amounts payable | 47/48 | €136,210 | €155,789 | +€19,579 | +14.4% |
| Remuneration, social security and pensions | 62 | €60,378 | €84,341 | +€23,963 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,256 | €248,349 | +€55,093 | +28.5% |
| Other operating charges | 640/8 | €37,385 | €27,891 | -€9,494 | -25.4% |
| Gross operating margin | 9900 | €423,179 | €598,203 | +€175,024 | +41.4% |
| Operating profit (loss) | 9901 | €132,160 | €237,622 | +€105,462 | +79.8% |
| Financial income | 75/76B | €6,420 | €8,332 | +€1,912 | +29.8% |
| Recurring financial income | 75 | €6,420 | €8,332 | +€1,912 | +29.8% |
| Financial charges | 65/66B | €1,676 | €1,674 | -€2 | -0.1% |
| Recurring financial charges | 65 | €1,676 | €1,674 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €136,904 | €244,280 | +€107,376 | +78.4% |
| Income taxes | 67/77 | €32,725 | €67,135 | +€34,410 | +105% |
| Profit (loss) for the period | 9904 | €104,179 | €177,145 | +€72,966 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,179 | €177,145 | +€72,966 | +70.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.