FLAMEREST: 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.
FLAMEREST
Largest movements
- Tangible fixed assets -€163,488
down €163,488 (-27.8%), from €587,570 to €424,081
of which Other tangible fixed assets: -€141,902
- Receivables within one year -€100,125
down €100,125 (-42.5%), from €235,519 to €135,394
of which Other amounts receivable: -€100,000
- Intangible fixed assets -€56,944
down €56,944 (-28.6%), from €199,306 to €142,361
- Current portion of long-term debt -€295,908
down €295,908 (-99.3%), from €298,129 to €2,220
- Other debts -€72,309
down €72,309 (-61.8%), from €116,983 to €44,674
- Reserves +€49,622
up €49,622 (+16.6%), from €298,540 to €348,162
- Gross operating margin -€107,971
down €107,971 (-5.8%), from €1.9m to €1.8m
- Staff costs -€77,999
down €77,999 (-5.1%), from €1.5m to €1.4m
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.
Cash bridge derived
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 | €1,408,537 | €1,074,159 | -€334,377 | -23.7% |
| Fixed assets | 21/28 | €842,730 | €622,468 | -€220,262 | -26.1% |
| Intangible fixed assets | 21 | €199,306 | €142,361 | -€56,944 | -28.6% |
| Tangible fixed assets | 22/27 | €587,570 | €424,081 | -€163,488 | -27.8% |
| Plant, machinery and equipment | 23 | €52,227 | €40,140 | -€12,087 | -23.1% |
| Furniture and vehicles | 24 | €13,892 | €4,392 | -€9,500 | -68.4% |
| Other tangible fixed assets | 26 | €521,451 | €379,549 | -€141,902 | -27.2% |
| Financial fixed assets | 28 | €55,854 | €56,025 | +€171 | +0.3% |
| Current assets | 29/58 | €565,807 | €451,691 | -€114,115 | -20.2% |
| Stocks and contracts in progress | 3 | €27,606 | €30,937 | +€3,331 | +12.1% |
| Stocks | 30/36 | €27,606 | €30,937 | +€3,331 | +12.1% |
| Amounts receivable within one year | 40/41 | €235,519 | €135,394 | -€100,125 | -42.5% |
| Trade receivables | 40 | €519 | €394 | -€125 | -24.1% |
| Other amounts receivable | 41 | €235,000 | €135,000 | -€100,000 | -42.6% |
| Cash at bank and in hand | 54/58 | €295,610 | €283,165 | -€12,445 | -4.2% |
| Deferred charges and accrued income | 490/1 | €7,072 | €2,196 | -€4,876 | -68.9% |
| Total equity and liabilities | 10/49 | €1,408,537 | €1,074,159 | -€334,377 | -23.7% |
| Equity | 10/15 | €398,540 | €448,162 | +€49,622 | +12.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €298,540 | €348,162 | +€49,622 | +16.6% |
| Distributable reserves | 133 | €298,540 | €348,162 | +€49,622 | +16.6% |
| Amounts payable | 17/49 | €1,009,997 | €625,998 | -€383,999 | -38.0% |
| Amounts payable after more than one year | 17 | €2,220 | - | -€2,220 | |
| Financial debts | 170/4 | €2,220 | - | -€2,220 | |
| Amounts payable within one year | 42/48 | €1,007,777 | €625,998 | -€381,779 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €298,129 | €2,220 | -€295,908 | -99.3% |
| Trade debts | 44 | €392,486 | €388,366 | -€4,120 | -1.0% |
| Suppliers | 440/4 | €392,486 | €388,366 | -€4,120 | -1.0% |
| Taxes, remuneration and social security | 45 | €200,180 | €190,738 | -€9,442 | -4.7% |
| Taxes | 450/3 | €35,298 | €30,298 | -€4,999 | -14.2% |
| Remuneration and social security | 454/9 | €164,882 | €160,440 | -€4,442 | -2.7% |
| Other amounts payable | 47/48 | €116,983 | €44,674 | -€72,309 | -61.8% |
| Non-recurring operating income | 76A | €3,507 | €2,053 | -€1,455 | -41.5% |
| Remuneration, social security and pensions | 62 | €1,520,640 | €1,442,642 | -€77,999 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,715 | €215,055 | -€3,660 | -1.7% |
| Other operating charges | 640/8 | €288 | €6,778 | +€6,490 | +2255.8% |
| Gross operating margin | 9900 | €1,861,671 | €1,753,700 | -€107,971 | -5.8% |
| Operating profit (loss) | 9901 | €122,028 | €89,225 | -€32,803 | -26.9% |
| Financial income | 75/76B | €4,089 | €3,799 | -€289 | -7.1% |
| Recurring financial income | 75 | €4,089 | €3,799 | -€289 | -7.1% |
| Financial charges | 65/66B | €12,537 | €12,768 | +€231 | +1.8% |
| Recurring financial charges | 65 | €12,537 | €12,768 | +€231 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €113,580 | €80,257 | -€33,323 | -29.3% |
| Income taxes | 67/77 | €35,266 | €30,635 | -€4,631 | -13.1% |
| Profit (loss) for the period | 9904 | €78,314 | €49,622 | -€28,692 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,314 | €49,622 | -€28,692 | -36.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.