FLANDERIJN: 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.
FLANDERIJN
Largest movements
- Cash +€846,128
up €846,128 (+96.9%), from €873,352 to €1.7m
mainly Other debts (+€799,325) and Net result for the year (+€218,683)
- Receivables within one year +€190,260
up €190,260 (+9.1%), from €2.1m to €2.3m
of which Trade receivables: +€468,267
- Deferred charges and accrued income +€56,156
up €56,156 (+313.6%), from €17,904 to €74,060
- Other debts +€799,325
up €799,325 (+42.6%), from €1.9m to €2.7m
- Profit (loss) carried forward +€218,683
up €218,683 (+70.4%), from €310,640 to €529,323
- Accrued charges and deferred income +€96,926
up €96,926 (+85.3%), from €113,659 to €210,586
- Tax, wage and social debts -€67,343
down €67,343 (-25.8%), from €261,012 to €193,669
of which Taxes: -€74,187
- Staff costs +€153,676
up €153,676 (+11.7%), from €1.3m to €1.5m
- Gross operating margin +€135,390
up €135,390 (+8.2%), from €1.7m to €1.8m
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 | €3,055,572 | €4,148,578 | +€1.1m | +35.8% |
| Fixed assets | 21/28 | €76,221 | €76,684 | +€463 | +0.6% |
| Tangible fixed assets | 22/27 | €29,133 | €29,596 | +€463 | +1.6% |
| Furniture and vehicles | 24 | €2,357 | €6,167 | +€3,810 | +161.6% |
| Other tangible fixed assets | 26 | €26,776 | €23,429 | -€3,347 | -12.5% |
| Financial fixed assets | 28 | €47,088 | €47,088 | = | 0.0% |
| Current assets | 29/58 | €2,979,351 | €4,071,894 | +€1.1m | +36.7% |
| Amounts receivable within one year | 40/41 | €2,088,095 | €2,278,355 | +€190,260 | +9.1% |
| Trade receivables | 40 | €745,666 | €1,213,933 | +€468,267 | +62.8% |
| Other amounts receivable | 41 | €1,342,429 | €1,064,422 | -€278,007 | -20.7% |
| Cash at bank and in hand | 54/58 | €873,352 | €1,719,480 | +€846,128 | +96.9% |
| Deferred charges and accrued income | 490/1 | €17,904 | €74,060 | +€56,156 | +313.6% |
| Total equity and liabilities | 10/49 | €3,055,572 | €4,148,578 | +€1.1m | +35.8% |
| Equity | 10/15 | €558,360 | €777,043 | +€218,683 | +39.2% |
| Contributions | 10/11 | €225,200 | €225,200 | = | 0.0% |
| Capital | 10 | €225,200 | €225,200 | = | 0.0% |
| Issued capital | 100 | €225,200 | €225,200 | = | 0.0% |
| Reserves | 13 | €22,520 | €22,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,520 | €22,520 | = | 0.0% |
| Legal reserve | 130 | €22,520 | €22,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,640 | €529,323 | +€218,683 | +70.4% |
| Amounts payable | 17/49 | €2,497,212 | €3,371,535 | +€874,323 | +35.0% |
| Amounts payable within one year | 42/48 | €2,383,553 | €3,160,949 | +€777,397 | +32.6% |
| Trade debts | 44 | €110,087 | €120,028 | +€9,942 | +9.0% |
| Suppliers | 440/4 | €110,087 | €120,028 | +€9,942 | +9.0% |
| Advances received on contracts in progress | 46 | €134,037 | €169,511 | +€35,473 | +26.5% |
| Taxes, remuneration and social security | 45 | €261,012 | €193,669 | -€67,343 | -25.8% |
| Taxes | 450/3 | €127,383 | €53,196 | -€74,187 | -58.2% |
| Remuneration and social security | 454/9 | €133,628 | €140,472 | +€6,844 | +5.1% |
| Other amounts payable | 47/48 | €1,878,417 | €2,677,742 | +€799,325 | +42.6% |
| Accrued charges and deferred income | 492/3 | €113,659 | €210,586 | +€96,926 | +85.3% |
| Remuneration, social security and pensions | 62 | €1,312,445 | €1,466,121 | +€153,676 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €4,414 | -€409 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €294 | -€438 | -€732 | |
| Gross operating margin | 9900 | €1,653,177 | €1,788,567 | +€135,390 | +8.2% |
| Operating profit (loss) | 9901 | €335,614 | €318,469 | -€17,144 | -5.1% |
| Financial income | 75/76B | €178 | €0 | -€178 | -100.0% |
| Recurring financial income | 75 | €178 | €0 | -€178 | -100.0% |
| Financial charges | 65/66B | €5,497 | €16,984 | +€11,487 | +209.0% |
| Recurring financial charges | 65 | €5,497 | €16,984 | +€11,487 | +209.0% |
| Profit (loss) for the period before taxes | 9903 | €330,294 | €301,486 | -€28,809 | -8.7% |
| Income taxes | 67/77 | €88,950 | €82,802 | -€6,148 | -6.9% |
| Profit (loss) for the period | 9904 | €241,344 | €218,683 | -€22,661 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €241,344 | €218,683 | -€22,661 | -9.4% |
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 30 September 2026 via checked.be.