FLAMGI: 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.
FLAMGI
Largest movements
- Cash +€75,365
up €75,365 (+546.4%), from €13,792 to €89,156
mainly Receivables within one year (+€67,089) and Net result for the year (+€57,288)
- Receivables within one year -€67,089
down €67,089 (-44.1%), from €152,216 to €85,127
of which Trade receivables: -€63,962
- Tangible fixed assets -€35,018
down €35,018 (-6.6%), from €533,400 to €498,382
of which Furniture and vehicles: -€24,891
- Trade debts -€60,725
down €60,725 (-95.9%), from €63,336 to €2,610
- Reserves +€57,288
up €57,288 (+22.2%), from €258,585 to €315,873
- Debts after one year -€31,500
down €31,500 (-11.5%), from €273,000 to €241,500
- Short-term financial debts +€7,412
up €7,412 (+144.9%), from €5,116 to €12,527
- Other operating charges -€47,651
down €47,651 (-96.4%), from €49,413 to €1,762
- Taxes +€10,261
up €10,261 (+87.5%), from €11,722 to €21,983
- Gross operating margin -€6,582
down €6,582 (-4.6%), from €142,443 to €135,861
- Financial charges +€1,619
up €1,619 (+13.8%), from €11,714 to €13,333
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 | €701,673 | €675,385 | -€26,288 | -3.7% |
| Fixed assets | 21/28 | €533,400 | €498,382 | -€35,018 | -6.6% |
| Tangible fixed assets | 22/27 | €533,400 | €498,382 | -€35,018 | -6.6% |
| Land and buildings | 22 | €396,787 | €388,387 | -€8,400 | -2.1% |
| Plant, machinery and equipment | 23 | €4,722 | €2,996 | -€1,726 | -36.6% |
| Furniture and vehicles | 24 | €131,890 | €106,999 | -€24,891 | -18.9% |
| Current assets | 29/58 | €168,273 | €177,003 | +€8,730 | +5.2% |
| Amounts receivable within one year | 40/41 | €152,216 | €85,127 | -€67,089 | -44.1% |
| Trade receivables | 40 | €148,938 | €84,977 | -€63,962 | -42.9% |
| Other amounts receivable | 41 | €3,278 | €150 | -€3,128 | -95.4% |
| Cash at bank and in hand | 54/58 | €13,792 | €89,156 | +€75,365 | +546.4% |
| Deferred charges and accrued income | 490/1 | €2,265 | €2,720 | +€455 | +20.1% |
| Total equity and liabilities | 10/49 | €701,673 | €675,385 | -€26,288 | -3.7% |
| Equity | 10/15 | €263,585 | €320,873 | +€57,288 | +21.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €258,585 | €315,873 | +€57,288 | +22.2% |
| Distributable reserves | 133 | €258,585 | €315,873 | +€57,288 | +22.2% |
| Amounts payable | 17/49 | €438,088 | €354,512 | -€83,576 | -19.1% |
| Amounts payable after more than one year | 17 | €273,000 | €241,500 | -€31,500 | -11.5% |
| Financial debts | 170/4 | €273,000 | €241,500 | -€31,500 | -11.5% |
| Amounts payable within one year | 42/48 | €165,088 | €113,012 | -€52,076 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €31,500 | €31,500 | = | 0.0% |
| Financial debts | 43 | €5,116 | €12,527 | +€7,412 | +144.9% |
| Credit institutions | 430/8 | €5,116 | €12,527 | +€7,412 | +144.9% |
| Trade debts | 44 | €63,336 | €2,610 | -€60,725 | -95.9% |
| Suppliers | 440/4 | €63,336 | €2,610 | -€60,725 | -95.9% |
| Taxes, remuneration and social security | 45 | €19,334 | €24,855 | +€5,521 | +28.6% |
| Taxes | 450/3 | €17,108 | €20,816 | +€3,708 | +21.7% |
| Remuneration and social security | 454/9 | €2,226 | €4,039 | +€1,813 | +81.4% |
| Other amounts payable | 47/48 | €45,802 | €41,520 | -€4,283 | -9.4% |
| Remuneration, social security and pensions | 62 | €1,271 | €1,273 | +€2 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,287 | €40,221 | +€934 | +2.4% |
| Other operating charges | 640/8 | €49,413 | €1,762 | -€47,651 | -96.4% |
| Gross operating margin | 9900 | €142,443 | €135,861 | -€6,582 | -4.6% |
| Operating profit (loss) | 9901 | €52,472 | €92,604 | +€40,132 | +76.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,714 | €13,333 | +€1,619 | +13.8% |
| Recurring financial charges | 65 | €11,714 | €13,333 | +€1,619 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €40,758 | €79,272 | +€38,514 | +94.5% |
| Income taxes | 67/77 | €11,722 | €21,983 | +€10,261 | +87.5% |
| Profit (loss) for the period | 9904 | €29,036 | €57,288 | +€28,252 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,036 | €57,288 | +€28,252 | +97.3% |
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 9 October 2026 via checked.be.