FLAMENT HANS: 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.
FLAMENT HANS
Largest movements
- Cash +€579,524
new in 2025: €579,524
mainly Investment in fixed assets (net) (+€448,168) and Current investments (+€134,280)
- Tangible fixed assets -€464,949
down €464,949 (-46.3%), from €1.0m to €540,032
of which Land and buildings: -€463,633
- Current investments -€134,280
no longer reported in 2025 (was €134,280)
- Receivables within one year -€17,741
down €17,741 (-58.6%), from €30,262 to €12,521
of which Other amounts receivable: -€18,266
- Debts after one year -€82,280
down €82,280 (-88.1%), from €93,391 to €11,111
- Reserves +€68,344
up €68,344 (+63.5%), from €107,613 to €175,957
- Current portion of long-term debt -€15,480
down €15,480 (-69.9%), from €22,147 to €6,667
- Tax, wage and social debts -€13,372
down €13,372 (-55.0%), from €24,313 to €10,941
- Gross operating margin +€73,749
up €73,749 (+110%), from €66,757 to €140,507
- Taxes +€18,283
up €18,283, from -€4,519 to €13,765
- Depreciation -€13,130
down €13,130 (-43.9%), from €29,911 to €16,781
- Financial charges -€2,409
down €2,409 (-5.7%), from €42,082 to €39,673
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 | €1,172,355 | €1,134,037 | -€38,317 | -3.3% |
| Fixed assets | 21/28 | €1,004,981 | €540,032 | -€464,949 | -46.3% |
| Tangible fixed assets | 22/27 | €1,004,981 | €540,032 | -€464,949 | -46.3% |
| Land and buildings | 22 | €999,043 | €535,409 | -€463,633 | -46.4% |
| Furniture and vehicles | 24 | €5,939 | €4,623 | -€1,316 | -22.2% |
| Current assets | 29/58 | €167,373 | €594,005 | +€426,632 | +255% |
| Amounts receivable within one year | 40/41 | €30,262 | €12,521 | -€17,741 | -58.6% |
| Trade receivables | 40 | €10,262 | €10,787 | +€525 | +5.1% |
| Other amounts receivable | 41 | €20,000 | €1,734 | -€18,266 | -91.3% |
| Current investments | 50/53 | €134,280 | - | -€134,280 | |
| Cash at bank and in hand | 54/58 | - | €579,524 | +€579,524 | |
| Deferred charges and accrued income | 490/1 | €2,832 | €1,961 | -€871 | -30.8% |
| Total equity and liabilities | 10/49 | €1,172,355 | €1,134,037 | -€38,317 | -3.3% |
| Equity | 10/15 | €486,518 | €554,862 | +€68,344 | +14.0% |
| Contributions | 10/11 | €437,500 | €437,500 | = | 0.0% |
| Reserves | 13 | €107,613 | €175,957 | +€68,344 | +63.5% |
| Distributable reserves | 133 | €107,613 | €175,957 | +€68,344 | +63.5% |
| Profit (loss) carried forward | 14 | -€58,595 | -€58,595 | = | 0.0% |
| Amounts payable | 17/49 | €685,837 | €579,176 | -€106,661 | -15.6% |
| Amounts payable after more than one year | 17 | €93,391 | €11,111 | -€82,280 | -88.1% |
| Financial debts | 170/4 | €93,391 | €11,111 | -€82,280 | -88.1% |
| Amounts payable within one year | 42/48 | €592,446 | €568,064 | -€24,381 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €22,147 | €6,667 | -€15,480 | -69.9% |
| Trade debts | 44 | - | €1,543 | +€1,543 | |
| Suppliers | 440/4 | - | €1,543 | +€1,543 | |
| Taxes, remuneration and social security | 45 | €24,313 | €10,941 | -€13,372 | -55.0% |
| Taxes | 450/3 | €24,313 | €10,941 | -€13,372 | -55.0% |
| Other amounts payable | 47/48 | €545,986 | €548,913 | +€2,927 | +0.5% |
| Non-recurring operating income | 76A | - | €147,580 | +€147,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,911 | €16,781 | -€13,130 | -43.9% |
| Non-recurring operating charges | 66A | €10,602 | €1,944 | -€8,658 | -81.7% |
| Gross operating margin | 9900 | €66,757 | €140,507 | +€73,749 | +110% |
| Operating profit (loss) | 9901 | €26,245 | €121,782 | +€95,537 | +364% |
| Financial charges | 65/66B | €42,082 | €39,673 | -€2,409 | -5.7% |
| Recurring financial charges | 65 | €42,082 | €39,673 | -€2,409 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,837 | €82,108 | +€97,945 | |
| Income taxes | 67/77 | -€4,519 | €13,765 | +€18,283 | |
| Profit (loss) for the period | 9904 | -€11,318 | €68,344 | +€79,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,318 | €68,344 | +€79,662 |
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 29 October 2026 via checked.be.