FLANDERS DRYDOCK: 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 DRYDOCK
Largest movements
- Tangible fixed assets -€2.4m
no longer reported in 2025 (was €2.4m)
- Receivables within one year +€1.7m
up €1.7m (+78.0%), from €2.2m to €3.8m
of which Other amounts receivable: +€1.8m
- Financial fixed assets -€92,500
no longer reported in 2025 (was €92,500)
- Profit (loss) carried forward -€688,326
down €688,326, from €67,061 to -€621,265
- Debts after one year -€158,307
down €158,307 (-3.8%), from €4.2m to €4.0m
of which Financial debts: -€138,383
- Trade debts +€67,984
up €67,984 (+333.5%), from €20,385 to €88,369
- Gross operating margin +€1.5m
up €1.5m (+935.3%), from €165,419 to €1.7m
- Turnover -€230,700
no longer reported in 2025 (was €230,700)
- Depreciation -€185,294
no longer reported in 2025 (was €185,294)
- Purchases and services +€41,651
up €41,651 (+26.1%), from €159,281 to €200,932
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 | €4,639,979 | €3,860,581 | -€779,398 | -16.8% |
| Fixed assets | 21/28 | €2,469,841 | - | -€2.5m | |
| Tangible fixed assets | 22/27 | €2,377,341 | - | -€2.4m | |
| Plant, machinery and equipment | 23 | €2,377,341 | - | -€2.4m | |
| Financial fixed assets | 28 | €92,500 | - | -€92,500 | |
| Current assets | 29/58 | €2,170,138 | €3,860,581 | +€1.7m | +77.9% |
| Amounts receivable within one year | 40/41 | €2,154,127 | €3,833,948 | +€1.7m | +78.0% |
| Trade receivables | 40 | €94,000 | €3,507 | -€90,493 | -96.3% |
| Other amounts receivable | 41 | €2,060,127 | €3,830,441 | +€1.8m | +85.9% |
| Cash at bank and in hand | 54/58 | €16,011 | €26,633 | +€10,622 | +66.3% |
| Total equity and liabilities | 10/49 | €4,639,979 | €3,860,581 | -€779,398 | -16.8% |
| Equity | 10/15 | €320,061 | -€368,265 | -€688,326 | |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,061 | -€621,265 | -€688,326 | |
| Amounts payable | 17/49 | €4,319,918 | €4,228,846 | -€91,072 | -2.1% |
| Amounts payable after more than one year | 17 | €4,160,402 | €4,002,095 | -€158,307 | -3.8% |
| Financial debts | 170/4 | €310,170 | €171,788 | -€138,383 | -44.6% |
| Trade debts | 175 | €580,307 | €580,307 | = | 0.0% |
| Other amounts payable | 178/9 | €3,269,925 | €3,250,000 | -€19,925 | -0.6% |
| Amounts payable within one year | 42/48 | €159,516 | €226,751 | +€67,236 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €130,679 | €138,383 | +€7,704 | +5.9% |
| Financial debts | 43 | €8,452 | - | -€8,452 | |
| Credit institutions | 430/8 | €8,452 | - | -€8,452 | |
| Trade debts | 44 | €20,385 | €88,369 | +€67,984 | +333.5% |
| Suppliers | 440/4 | €20,385 | €88,369 | +€67,984 | +333.5% |
| Turnover | 70 | €230,700 | - | -€230,700 | |
| Goods, raw materials, services and sundry goods | 60/61 | €159,281 | €200,932 | +€41,651 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,294 | - | -€185,294 | |
| Other operating charges | 640/8 | €1,374 | €1,126 | -€247 | -18.0% |
| Non-recurring operating charges | 66A | - | €2,377,341 | +€2.4m | |
| Gross operating margin | 9900 | €165,419 | €1,712,581 | +€1.5m | +935.3% |
| Operating profit (loss) | 9901 | -€21,249 | -€665,887 | -€644,638 | -3033.8% |
| Financial income | 75/76B | €112 | - | -€112 | |
| Recurring financial income | 75 | €112 | - | -€112 | |
| Financial charges | 65/66B | €29,964 | €22,439 | -€7,525 | -25.1% |
| Recurring financial charges | 65 | €29,964 | €22,439 | -€7,525 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,101 | -€688,326 | -€637,225 | -1247.0% |
| Profit (loss) for the period | 9904 | -€51,101 | -€688,326 | -€637,225 | -1247.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,101 | -€688,326 | -€637,225 | -1247.0% |
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 2 October 2026 via checked.be.