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
- Receivables within one year -€139,641
down €139,641 (-100.0%), from €139,641 to €0
of which Other amounts receivable: -€84,450
- Cash -€2,430
down €2,430 (-27.2%), from €8,934 to €6,504
mainly Other debts (-€74,442) and Trade debts (-€60,305)
- Intangible fixed assets -€2,245
down €2,245 (-18.2%), from €12,338 to €10,093
- Other debts -€74,442
down €74,442 (-31.7%), from €234,599 to €160,157
- Trade debts -€60,305
down €60,305 (-100.0%), from €60,305 to €0
- Accrued charges and deferred income -€9,971
down €9,971 (-100.0%), from €9,971 to €0
- Tax, wage and social debts +€1,799
up €1,799 (+19.3%), from €9,344 to €11,143
of which Taxes: +€6,274
- Gross operating margin +€69,501
up €69,501, from -€52,015 to €17,486
- Financial charges +€7,012
up €7,012 (+86.1%), from €8,144 to €15,156
- Other operating charges -€574
down €574 (-28.3%), from €2,028 to €1,455
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 | €160,913 | €16,624 | -€144,289 | -89.7% |
| Fixed assets | 21/28 | €12,338 | €10,093 | -€2,245 | -18.2% |
| Intangible fixed assets | 21 | €12,338 | €10,093 | -€2,245 | -18.2% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €148,575 | €6,531 | -€142,044 | -95.6% |
| Amounts receivable within one year | 40/41 | €139,641 | €0 | -€139,641 | -100.0% |
| Trade receivables | 40 | €55,191 | €0 | -€55,191 | -100.0% |
| Other amounts receivable | 41 | €84,450 | €0 | -€84,450 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,934 | €6,504 | -€2,430 | -27.2% |
| Deferred charges and accrued income | 490/1 | €0 | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €160,913 | €16,624 | -€144,289 | -89.7% |
| Equity | 10/15 | -€153,306 | -€154,676 | -€1,370 | -0.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,306 | -€204,676 | -€1,370 | -0.7% |
| Amounts payable | 17/49 | €314,219 | €171,300 | -€142,919 | -45.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €304,248 | €171,300 | -€132,948 | -43.7% |
| Trade debts | 44 | €60,305 | €0 | -€60,305 | -100.0% |
| Suppliers | 440/4 | €60,305 | €0 | -€60,305 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,344 | €11,143 | +€1,799 | +19.3% |
| Taxes | 450/3 | €4,869 | €11,143 | +€6,274 | +128.9% |
| Remuneration and social security | 454/9 | €4,475 | €0 | -€4,475 | -100.0% |
| Other amounts payable | 47/48 | €234,599 | €160,157 | -€74,442 | -31.7% |
| Accrued charges and deferred income | 492/3 | €9,971 | €0 | -€9,971 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,245 | €2,245 | = | 0.0% |
| Other operating charges | 640/8 | €2,028 | €1,455 | -€574 | -28.3% |
| Non-recurring operating charges | 66A | €107,404 | €0 | -€107,404 | -100.0% |
| Gross operating margin | 9900 | -€52,015 | €17,486 | +€69,501 | |
| Operating profit (loss) | 9901 | -€163,693 | €13,786 | +€177,479 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.6% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.6% |
| Financial charges | 65/66B | €8,144 | €15,156 | +€7,012 | +86.1% |
| Recurring financial charges | 65 | €8,144 | €15,156 | +€7,012 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | -€171,829 | -€1,370 | +€170,459 | +99.2% |
| Income taxes | 67/77 | €113 | €0 | -€113 | -100.0% |
| Profit (loss) for the period | 9904 | -€171,942 | -€1,370 | +€170,572 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€171,942 | -€1,370 | +€170,572 | +99.2% |
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 11 October 2026 via checked.be.