FLANDERS COLD CENTER: 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.
FLANDERS COLD CENTER
Largest movements
- Cash +€1.2m
up €1.2m (+25.6%), from €4.6m to €5.8m
mainly Net result for the year (+€1.3m) and Depreciation (+€468,664)
- Tangible fixed assets -€330,664
down €330,664 (-12.2%), from €2.7m to €2.4m
of which Land and buildings: -€421,823
- Receivables within one year -€165,473
down €165,473 (-15.3%), from €1.1m to €918,204
of which Trade receivables: -€163,728
- Profit (loss) carried forward +€684,036
up €684,036 (+15.7%), from €4.4m to €5.0m
- Trade debts -€322,026
down €322,026 (-20.4%), from €1.6m to €1.3m
- Tax, wage and social debts +€151,522
up €151,522 (+189.1%), from €80,138 to €231,660
of which Taxes: +€159,452
- Other debts +€149,975
up €149,975 (+30.0%), from €500,060 to €650,035
- Services and other goods -€4.4m
no longer reported in 2024 (was €4.4m)
- Turnover -€3.6m
no longer reported in 2024 (was €3.6m)
- Other operating income -€3.0m
no longer reported in 2024 (was €3.0m)
- Gross operating margin +€2.6m
new in 2024: €2.6m
- Taxes +€114,152
up €114,152 (+34.4%), from €331,958 to €446,110
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,458,925 | €9,133,962 | +€675,037 | +8.0% |
| Fixed assets | 21/28 | €2,706,860 | €2,376,196 | -€330,664 | -12.2% |
| Tangible fixed assets | 22/27 | €2,705,860 | €2,375,196 | -€330,664 | -12.2% |
| Land and buildings | 22 | €2,451,459 | €2,029,636 | -€421,823 | -17.2% |
| Plant, machinery and equipment | 23 | €248,857 | €343,726 | +€94,869 | +38.1% |
| Furniture and vehicles | 24 | €5,545 | €1,835 | -€3,710 | -66.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,000 | - | -€1,000 | |
| Amounts receivable and cash guarantees | 285/8 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €5,752,065 | €6,757,766 | +€1.0m | +17.5% |
| Amounts receivable within one year | 40/41 | €1,083,677 | €918,204 | -€165,473 | -15.3% |
| Trade receivables | 40 | €1,077,107 | €913,379 | -€163,728 | -15.2% |
| Other amounts receivable | 41 | €6,570 | €4,825 | -€1,745 | -26.6% |
| Cash at bank and in hand | 54/58 | €4,622,066 | €5,806,555 | +€1.2m | +25.6% |
| Deferred charges and accrued income | 490/1 | €46,322 | €33,007 | -€13,316 | -28.7% |
| Total equity and liabilities | 10/49 | €8,458,925 | €9,133,962 | +€675,037 | +8.0% |
| Equity | 10/15 | €6,246,345 | €6,916,481 | +€670,136 | +10.7% |
| Contributions | 10/11 | €1,550,000 | €1,550,000 | = | 0.0% |
| Capital | 10 | €1,550,000 | €1,550,000 | = | 0.0% |
| Issued capital | 100 | €1,550,000 | €1,550,000 | = | 0.0% |
| Reserves | 13 | €156,236 | €156,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €155,000 | €155,000 | = | 0.0% |
| Legal reserve | 130 | €155,000 | €155,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,236 | €1,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,356,745 | €5,040,780 | +€684,036 | +15.7% |
| Investment grants | 15 | €183,364 | €169,464 | -€13,900 | -7.6% |
| Amounts payable | 17/49 | €2,212,580 | €2,217,482 | +€4,901 | +0.2% |
| Amounts payable within one year | 42/48 | €2,156,710 | €2,136,181 | -€20,529 | -1.0% |
| Trade debts | 44 | €1,576,512 | €1,254,485 | -€322,026 | -20.4% |
| Suppliers | 440/4 | €1,576,512 | €1,254,485 | -€322,026 | -20.4% |
| Taxes, remuneration and social security | 45 | €80,138 | €231,660 | +€151,522 | +189.1% |
| Taxes | 450/3 | €26,451 | €185,903 | +€159,452 | +602.8% |
| Remuneration and social security | 454/9 | €53,687 | €45,757 | -€7,930 | -14.8% |
| Other amounts payable | 47/48 | €500,060 | €650,035 | +€149,975 | +30.0% |
| Accrued charges and deferred income | 492/3 | €55,871 | €81,301 | +€25,431 | +45.5% |
| Operating income | 70/76A | €6,657,314 | - | -€6.7m | |
| Turnover | 70 | €3,643,114 | - | -€3.6m | |
| Other operating income | 74 | €3,014,200 | - | -€3.0m | |
| Operating charges | 60/66A | €5,405,317 | - | -€5.4m | |
| Services and other goods | 61 | €4,352,782 | - | -€4.4m | |
| Remuneration, social security and pensions | 62 | €405,338 | €369,759 | -€35,579 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462,726 | €468,664 | +€5,938 | +1.3% |
| Other operating charges | 640/8 | €184,471 | €199,178 | +€14,707 | +8.0% |
| Gross operating margin | 9900 | - | €2,633,541 | +€2.6m | |
| Operating profit (loss) | 9901 | €1,251,997 | €1,595,940 | +€343,944 | +27.5% |
| Financial income | 75/76B | €166,588 | €184,526 | +€17,938 | +10.8% |
| Recurring financial income | 75 | €166,588 | €184,526 | +€17,938 | +10.8% |
| Income from current assets | 751 | €142,004 | - | -€142,004 | |
| Other financial income | 752/9 | €24,584 | - | -€24,584 | |
| Financial charges | 65/66B | €349 | €286 | -€63 | -18.1% |
| Recurring financial charges | 65 | €349 | €286 | -€63 | -18.1% |
| Debt charges | 650 | €100 | - | -€100 | |
| Other financial charges | 652/9 | €249 | - | -€249 | |
| Profit (loss) for the period before taxes | 9903 | €1,418,236 | €1,780,181 | +€361,945 | +25.5% |
| Income taxes | 67/77 | €331,958 | €446,110 | +€114,152 | +34.4% |
| Taxes | 670/3 | €355,000 | - | -€355,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €23,042 | - | -€23,042 | |
| Profit (loss) for the period | 9904 | €1,086,278 | €1,334,071 | +€247,793 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,086,278 | €1,334,071 | +€247,793 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.