FLAMHARD: 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.
FLAMHARD
Largest movements
- Receivables within one year -€5,099
down €5,099 (-55.0%), from €9,272 to €4,174
of which Trade receivables: -€5,148
- Cash -€2,060
down €2,060 (-43.8%), from €4,700 to €2,640
mainly Net result for the year (-€20,743) and Accrued charges and deferred income (-€792)
- Stocks and contracts -€1,521
down €1,521 (-58.8%), from €2,589 to €1,068
- Tangible fixed assets -€1,471
down €1,471 (-25.6%), from €5,740 to €4,270
of which Plant, machinery and equipment: -€1,331
- Intangible fixed assets -€1,317
down €1,317 (-36.3%), from €3,634 to €2,316
- Profit (loss) carried forward -€20,743
down €20,743 (-145.4%), from -€14,263 to -€35,006
- Tax, wage and social debts +€3,623
up €3,623 (+177.9%), from €2,037 to €5,660
of which Remuneration and social security: +€4,341
- Trade debts +€3,096
up €3,096 (+40.9%), from €7,570 to €10,666
- Other debts +€3,030
up €3,030 (+26.4%), from €11,470 to €14,500
- Accrued charges and deferred income -€792
no longer reported in 2025 (was €792)
- Staff costs +€18,739
up €18,739 (+97.7%), from €19,187 to €37,927
- Gross operating margin +€18,496
up €18,496 (+563.8%), from €3,280 to €21,776
- Depreciation +€1,015
up €1,015 (+57.2%), from €1,773 to €2,788
- Other operating charges -€493
down €493 (-29.8%), from €1,654 to €1,161
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 | €26,403 | €14,617 | -€11,786 | -44.6% |
| Fixed assets | 21/28 | €9,524 | €6,736 | -€2,788 | -29.3% |
| Intangible fixed assets | 21 | €3,634 | €2,316 | -€1,317 | -36.3% |
| Tangible fixed assets | 22/27 | €5,740 | €4,270 | -€1,471 | -25.6% |
| Plant, machinery and equipment | 23 | €5,225 | €3,895 | -€1,331 | -25.5% |
| Other tangible fixed assets | 26 | €515 | €375 | -€140 | -27.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €16,879 | €7,881 | -€8,998 | -53.3% |
| Stocks and contracts in progress | 3 | €2,589 | €1,068 | -€1,521 | -58.8% |
| Stocks | 30/36 | €2,589 | €1,068 | -€1,521 | -58.8% |
| Amounts receivable within one year | 40/41 | €9,272 | €4,174 | -€5,099 | -55.0% |
| Trade receivables | 40 | €8,851 | €3,703 | -€5,148 | -58.2% |
| Other amounts receivable | 41 | €421 | €470 | +€49 | +11.7% |
| Cash at bank and in hand | 54/58 | €4,700 | €2,640 | -€2,060 | -43.8% |
| Deferred charges and accrued income | 490/1 | €317 | - | -€317 | |
| Total equity and liabilities | 10/49 | €26,403 | €14,617 | -€11,786 | -44.6% |
| Equity | 10/15 | €4,534 | -€16,209 | -€20,743 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €204 | €204 | = | 0.0% |
| Distributable reserves | 133 | €204 | €204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,263 | -€35,006 | -€20,743 | -145.4% |
| Amounts payable | 17/49 | €21,869 | €30,827 | +€8,957 | +41.0% |
| Amounts payable within one year | 42/48 | €21,077 | €30,827 | +€9,749 | +46.3% |
| Trade debts | 44 | €7,570 | €10,666 | +€3,096 | +40.9% |
| Suppliers | 440/4 | €7,570 | €10,666 | +€3,096 | +40.9% |
| Taxes, remuneration and social security | 45 | €2,037 | €5,660 | +€3,623 | +177.9% |
| Taxes | 450/3 | €1,291 | €573 | -€718 | -55.6% |
| Remuneration and social security | 454/9 | €746 | €5,087 | +€4,341 | +582.0% |
| Other amounts payable | 47/48 | €11,470 | €14,500 | +€3,030 | +26.4% |
| Accrued charges and deferred income | 492/3 | €792 | - | -€792 | |
| Remuneration, social security and pensions | 62 | €19,187 | €37,927 | +€18,739 | +97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,773 | €2,788 | +€1,015 | +57.2% |
| Other operating charges | 640/8 | €1,654 | €1,161 | -€493 | -29.8% |
| Gross operating margin | 9900 | €3,280 | €21,776 | +€18,496 | +563.8% |
| Operating profit (loss) | 9901 | -€19,334 | -€20,099 | -€765 | -4.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €453 | €644 | +€191 | +42.0% |
| Recurring financial charges | 65 | €453 | €644 | +€191 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,787 | -€20,743 | -€956 | -4.8% |
| Profit (loss) for the period | 9904 | -€19,787 | -€20,743 | -€956 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,787 | -€20,743 | -€956 | -4.8% |
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.