FLANDERS FLAX HOLDING: 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.
What changed
FLANDERS FLAX HOLDING
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€350,184
2024 · €2.0m-€1.7m
Equity
€5.3m
2024 · €5.2m+€86,184
Cash
€67,561
2024 · €139,694-€72,133
Balance sheet total
€7.2m
2024 · €6.6m+€551,331
Largest movements
Assets
- Receivables within one year +€630,245
up €630,245 (+3992.3%), from €15,787 to €646,031
of which Other amounts receivable: +€558,701
- Cash -€72,133
down €72,133 (-51.6%), from €139,694 to €67,561
mainly Receivables within one year (-€630,245) and Contributions, distributions and other (-€264,000)
Equity and liabilities
- Other debts +€693,251
up €693,251 (+3073.3%), from €22,557 to €715,808
- Debts after one year -€221,871
down €221,871 (-29.8%), from €744,803 to €522,932
- Reserves +€86,184
up €86,184 (+1.7%), from €5.2m to €5.3m
Income statement
- Financial income -€1.4m
down €1.4m (-92.2%), from €1.6m to €122,209
- Turnover -€165,820
down €165,820 (-16.3%), from €1.0m to €849,543
- Taxes -€53,788
down €53,788 (-29.7%), from €181,002 to €127,214
of which Taxes: -€53,698
- Services and other goods +€45,738
up €45,738 (+16.6%), from €275,638 to €321,376
- Staff costs +€35,718
up €35,718 (+45.7%), from €78,085 to €113,803
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.
Result 2024
€2.0m
Turnover
-€165,820
Other operating income
-€8,509
Services and other goods
-€45,738
Staff costs
-€35,718
Depreciation
-€15,991
Other operating charges
-€584
Financial income
-€1.4m
Financial charges
+€1,926
Taxes
+€53,788
Result 2025
€350,184
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.
From operations
+€443,519
Investment
-€20,773
Financing
-€494,880
Cash 2024
€139,694
From operations (derived)
+€443,519
Net result for the year
+€350,184
Depreciation
+€28,234
Receivables within one year
-€630,245
Deferred charges and accrued income
-€681
Trade debts
-€7,221
Tax, wage and social debts
+€9,997
Other debts
+€693,251
Investment (derived)
-€20,773
Investment in fixed assets (net)
-€17,500
Current investments
-€3,273
Financing
-€494,880
Debts after one year
-€221,871
Current portion of long-term debt
-€9,009
Contributions, distributions and other
-€264,000
Cash 2025
€67,561
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,602,282 | €7,153,613 | +€551,331 | +8.4% |
| Fixed assets | 21/28 | €2,865,234 | €2,854,499 | -€10,734 | -0.4% |
| Tangible fixed assets | 22/27 | €236,711 | €208,476 | -€28,234 | -11.9% |
| Furniture and vehicles | 24 | €119,412 | €118,729 | -€682 | -0.6% |
| Leasing and similar rights | 25 | €117,299 | €89,747 | -€27,552 | -23.5% |
| Financial fixed assets | 28 | €2,628,523 | €2,646,023 | +€17,500 | +0.7% |
| Affiliated companies | 280/1 | €2,628,523 | €2,646,023 | +€17,500 | +0.7% |
| Participating interests | 280 | €2,628,523 | €2,646,023 | +€17,500 | +0.7% |
| Current assets | 29/58 | €3,737,048 | €4,299,113 | +€562,065 | +15.0% |
| Amounts receivable after more than one year | 29 | €3,325,000 | €3,325,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,325,000 | €3,325,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €15,787 | €646,031 | +€630,245 | +3992.3% |
| Trade receivables | 40 | €0 | €71,543 | +€71,543 | |
| Other amounts receivable | 41 | €15,787 | €574,488 | +€558,701 | +3539.1% |
| Current investments | 50/53 | €251,284 | €254,556 | +€3,273 | +1.3% |
| Other investments | 51/53 | €251,284 | €254,556 | +€3,273 | +1.3% |
| Cash at bank and in hand | 54/58 | €139,694 | €67,561 | -€72,133 | -51.6% |
| Deferred charges and accrued income | 490/1 | €5,284 | €5,965 | +€681 | +12.9% |
| Total equity and liabilities | 10/49 | €6,602,282 | €7,153,613 | +€551,331 | +8.4% |
| Equity | 10/15 | €5,232,207 | €5,318,392 | +€86,184 | +1.6% |
| Contributions | 10/11 | €21,449 | €21,449 | = | 0.0% |
| Reserves | 13 | €5,210,758 | €5,296,943 | +€86,184 | +1.7% |
| Distributable reserves | 133 | €5,210,758 | €5,296,943 | +€86,184 | +1.7% |
| Provisions and deferred taxes | 16 | €301,065 | €301,065 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €301,065 | €301,065 | = | 0.0% |
| Other liabilities and charges | 164/5 | €301,065 | €301,065 | = | 0.0% |
| Amounts payable | 17/49 | €1,069,010 | €1,534,156 | +€465,146 | +43.5% |
| Amounts payable after more than one year | 17 | €744,803 | €522,932 | -€221,871 | -29.8% |
| Financial debts | 170/4 | €744,803 | €522,932 | -€221,871 | -29.8% |
| Leasing and similar obligations | 172 | €80,743 | €52,186 | -€28,557 | -35.4% |
| Credit institutions | 173 | €664,060 | €470,746 | -€193,314 | -29.1% |
| Amounts payable within one year | 42/48 | €324,206 | €1,011,224 | +€687,018 | +211.9% |
| Current portion of amounts payable after more than one year | 42 | €230,880 | €221,871 | -€9,009 | -3.9% |
| Trade debts | 44 | €8,125 | €904 | -€7,221 | -88.9% |
| Suppliers | 440/4 | €8,125 | €904 | -€7,221 | -88.9% |
| Taxes, remuneration and social security | 45 | €62,645 | €72,641 | +€9,997 | +16.0% |
| Taxes | 450/3 | €52,457 | €45,520 | -€6,937 | -13.2% |
| Remuneration and social security | 454/9 | €10,187 | €27,121 | +€16,934 | +166.2% |
| Other amounts payable | 47/48 | €22,557 | €715,808 | +€693,251 | +3073.3% |
| Operating income | 70/76A | €1,033,451 | €859,123 | -€174,328 | -16.9% |
| Turnover | 70 | €1,015,363 | €849,543 | -€165,820 | -16.3% |
| Other operating income | 74 | €18,088 | €9,579 | -€8,509 | -47.0% |
| Operating charges | 60/66A | €372,618 | €470,650 | +€98,032 | +26.3% |
| Services and other goods | 61 | €275,638 | €321,376 | +€45,738 | +16.6% |
| Remuneration, social security and pensions | 62 | €78,085 | €113,803 | +€35,718 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,243 | €28,234 | +€15,991 | +130.6% |
| Other operating charges | 640/8 | €6,652 | €7,236 | +€584 | +8.8% |
| Operating profit (loss) | 9901 | €660,833 | €388,472 | -€272,361 | -41.2% |
| Financial income | 75/76B | €1,570,937 | €122,209 | -€1.4m | -92.2% |
| Recurring financial income | 75 | €1,570,937 | €122,209 | -€1.4m | -92.2% |
| Income from financial fixed assets | 750 | €1,499,000 | €0 | -€1.5m | -100.0% |
| Income from current assets | 751 | €70,652 | €120,591 | +€49,939 | +70.7% |
| Other financial income | 752/9 | €1,286 | €1,618 | +€332 | +25.8% |
| Financial charges | 65/66B | €35,208 | €33,283 | -€1,926 | -5.5% |
| Recurring financial charges | 65 | €35,208 | €33,283 | -€1,926 | -5.5% |
| Debt charges | 650 | €33,182 | €31,202 | -€1,980 | -6.0% |
| Other financial charges | 652/9 | €2,026 | €2,081 | +€55 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €2,196,562 | €477,399 | -€1.7m | -78.3% |
| Income taxes | 67/77 | €181,002 | €127,214 | -€53,788 | -29.7% |
| Taxes | 670/3 | €182,036 | €128,338 | -€53,698 | -29.5% |
| Tax adjustments and reversals of tax provisions | 77 | €1,034 | €1,124 | +€90 | +8.7% |
| Profit (loss) for the period | 9904 | €2,015,560 | €350,184 | -€1.7m | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,015,560 | €350,184 | -€1.7m | -82.6% |
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 7 October 2026 via checked.be.