FLAMEXCO: 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.
FLAMEXCO
Largest movements
- Cash +€1.3m
up €1.3m (+142.0%), from €939,416 to €2.3m
mainly Receivables within one year (+€1.3m) and Net result for the year (+€915,603)
- Receivables within one year -€1.3m
down €1.3m (-17.8%), from €7.4m to €6.1m
of which Other amounts receivable: -€1.3m
- Current investments +€312,500
new in 2025: €312,500
- Tangible fixed assets -€176,123
down €176,123 (-13.7%), from €1.3m to €1.1m
- Profit (loss) carried forward +€705,103
up €705,103 (+26.5%), from €2.7m to €3.4m
- Trade debts -€518,899
down €518,899 (-9.1%), from €5.7m to €5.2m
- Reserves +€210,500
up €210,500 (+3087.8%), from €6,817 to €217,317
of which Tax-exempt reserves: +€210,500
- Tax, wage and social debts -€132,147
down €132,147 (-49.1%), from €269,048 to €136,901
of which Taxes: -€130,332
- Debts after one year -€108,597
down €108,597 (-19.7%), from €552,461 to €443,864
- Gross operating margin +€346,427
up €346,427 (+27.8%), from €1.2m to €1.6m
- Taxes +€62,479
up €62,479 (+24.4%), from €255,846 to €318,325
- Financial income -€43,042
down €43,042 (-82.1%), from €52,428 to €9,386
- Staff costs +€33,009
up €33,009 (+42.5%), from €77,622 to €110,632
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 | €9,602,572 | €9,761,922 | +€159,350 | +1.7% |
| Fixed assets | 21/28 | €1,284,479 | €1,108,355 | -€176,123 | -13.7% |
| Tangible fixed assets | 22/27 | €1,284,479 | €1,108,355 | -€176,123 | -13.7% |
| Land and buildings | 22 | €599,278 | €523,464 | -€75,813 | -12.7% |
| Plant, machinery and equipment | 23 | €464,198 | €416,888 | -€47,310 | -10.2% |
| Leasing and similar rights | 25 | €221,003 | €168,003 | -€53,000 | -24.0% |
| Current assets | 29/58 | €8,318,093 | €8,653,567 | +€335,473 | +4.0% |
| Amounts receivable within one year | 40/41 | €7,376,250 | €6,065,625 | -€1.3m | -17.8% |
| Trade receivables | 40 | €5,894,859 | €5,848,779 | -€46,080 | -0.8% |
| Other amounts receivable | 41 | €1,481,391 | €216,846 | -€1.3m | -85.4% |
| Current investments | 50/53 | - | €312,500 | +€312,500 | |
| Cash at bank and in hand | 54/58 | €939,416 | €2,273,697 | +€1.3m | +142.0% |
| Deferred charges and accrued income | 490/1 | €2,428 | €1,745 | -€683 | -28.1% |
| Total equity and liabilities | 10/49 | €9,602,572 | €9,761,922 | +€159,350 | +1.7% |
| Equity | 10/15 | €2,689,897 | €3,605,501 | +€915,603 | +34.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,817 | €217,317 | +€210,500 | +3087.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,664,488 | €3,369,592 | +€705,103 | +26.5% |
| Amounts payable | 17/49 | €6,912,674 | €6,156,421 | -€756,253 | -10.9% |
| Amounts payable after more than one year | 17 | €552,461 | €443,864 | -€108,597 | -19.7% |
| Financial debts | 170/4 | €552,461 | €443,864 | -€108,597 | -19.7% |
| Amounts payable within one year | 42/48 | €6,360,213 | €5,712,557 | -€647,656 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €136,530 | €113,473 | -€23,057 | -16.9% |
| Trade debts | 44 | €5,697,665 | €5,178,765 | -€518,899 | -9.1% |
| Suppliers | 440/4 | €5,697,665 | €5,178,765 | -€518,899 | -9.1% |
| Taxes, remuneration and social security | 45 | €269,048 | €136,901 | -€132,147 | -49.1% |
| Taxes | 450/3 | €256,730 | €126,398 | -€130,332 | -50.8% |
| Remuneration and social security | 454/9 | €12,318 | €10,503 | -€1,815 | -14.7% |
| Other amounts payable | 47/48 | €256,971 | €283,418 | +€26,447 | +10.3% |
| Remuneration, social security and pensions | 62 | €77,622 | €110,632 | +€33,009 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,825 | €203,064 | -€1,761 | -0.9% |
| Other operating charges | 640/8 | €24,502 | €25,035 | +€533 | +2.2% |
| Gross operating margin | 9900 | €1,247,542 | €1,593,968 | +€346,427 | +27.8% |
| Operating profit (loss) | 9901 | €940,593 | €1,255,237 | +€314,645 | +33.5% |
| Financial income | 75/76B | €52,428 | €9,386 | -€43,042 | -82.1% |
| Recurring financial income | 75 | €52,428 | €9,386 | -€43,042 | -82.1% |
| Financial charges | 65/66B | €35,819 | €30,695 | -€5,124 | -14.3% |
| Recurring financial charges | 65 | €35,819 | €30,695 | -€5,124 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €957,201 | €1,233,929 | +€276,727 | +28.9% |
| Income taxes | 67/77 | €255,846 | €318,325 | +€62,479 | +24.4% |
| Profit (loss) for the period | 9904 | €701,355 | €915,603 | +€214,248 | +30.5% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €701,355 | €705,103 | +€3,748 | +0.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.