FLANDERS ESTATE: 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.
FLANDERS ESTATE
Largest movements
- Tangible fixed assets -€83,047
down €83,047 (-7.8%), from €1.1m to €975,162
- Receivables within one year -€72,856
down €72,856 (-31.0%), from €235,309 to €162,452
of which Trade receivables: -€66,686
- Current investments +€62,940
up €62,940 (+29.7%), from €212,060 to €275,000
- Debts after one year -€88,175
down €88,175 (-22.1%), from €399,248 to €311,073
- Financial income -€32,220
down €32,220 (-88.7%), from €36,335 to €4,115
- Gross operating margin -€16,804
down €16,804 (-14.2%), from €118,235 to €101,431
- Financial charges -€3,479
down €3,479 (-16.2%), from €21,498 to €18,018
- Depreciation +€1,446
up €1,446 (+1.7%), from €85,805 to €87,251
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.
Derived cash bridge
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 | €1,544,554 | €1,463,922 | -€80,633 | -5.2% |
| Fixed assets | 21/28 | €1,058,209 | €975,162 | -€83,047 | -7.8% |
| Tangible fixed assets | 22/27 | €1,058,209 | €975,162 | -€83,047 | -7.8% |
| Plant, machinery and equipment | 23 | €1,058,209 | €975,162 | -€83,047 | -7.8% |
| Current assets | 29/58 | €486,345 | €488,760 | +€2,415 | +0.5% |
| Amounts receivable within one year | 40/41 | €235,309 | €162,452 | -€72,856 | -31.0% |
| Trade receivables | 40 | €225,898 | €159,211 | -€66,686 | -29.5% |
| Other amounts receivable | 41 | €9,411 | €3,241 | -€6,170 | -65.6% |
| Current investments | 50/53 | €212,060 | €275,000 | +€62,940 | +29.7% |
| Cash at bank and in hand | 54/58 | €38,958 | €51,308 | +€12,350 | +31.7% |
| Deferred charges and accrued income | 490/1 | €18 | €0 | -€18 | -100% |
| Total equity and liabilities | 10/49 | €1,544,554 | €1,463,922 | -€80,633 | -5.2% |
| Equity | 10/15 | €1,044,998 | €1,044,148 | -€850 | -0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €983,498 | €982,648 | -€850 | -0.1% |
| Non-distributable reserves | 130/1 | €48,160 | €48,160 | = | 0.0% |
| Legal reserve | 130 | €48,160 | €48,160 | = | 0.0% |
| Distributable reserves | 133 | €935,338 | €934,488 | -€850 | -0.1% |
| Amounts payable | 17/49 | €499,556 | €419,773 | -€79,783 | -16.0% |
| Amounts payable after more than one year | 17 | €399,248 | €311,073 | -€88,175 | -22.1% |
| Financial debts | 170/4 | €399,248 | €311,073 | -€88,175 | -22.1% |
| Amounts payable within one year | 42/48 | €98,665 | €107,399 | +€8,734 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €91,784 | €95,371 | +€3,587 | +3.9% |
| Trade debts | 44 | €682 | €683 | +€1 | +0.2% |
| Suppliers | 440/4 | €682 | €683 | +€1 | +0.2% |
| Taxes, remuneration and social security | 45 | €6,118 | €11,345 | +€5,226 | +85.4% |
| Taxes | 450/3 | €6,118 | €11,345 | +€5,226 | +85.4% |
| Other amounts payable | 47/48 | €81 | €0 | -€81 | -100% |
| Accrued charges and deferred income | 492/3 | €1,643 | €1,301 | -€342 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,805 | €87,251 | +€1,446 | +1.7% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €118,235 | €101,431 | -€16,804 | -14.2% |
| Operating profit (loss) | 9901 | €31,336 | €13,054 | -€18,282 | -58.3% |
| Financial income | 75/76B | €36,335 | €4,115 | -€32,220 | -88.7% |
| Recurring financial income | 75 | €36,335 | €4,115 | -€32,220 | -88.7% |
| Financial charges | 65/66B | €21,498 | €18,018 | -€3,479 | -16.2% |
| Recurring financial charges | 65 | €21,498 | €18,018 | -€3,479 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €46,174 | -€850 | -€47,023 | |
| Profit (loss) for the period | 9904 | €46,174 | -€850 | -€47,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,174 | -€850 | -€47,023 |
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 17 October 2026 via checked.be.