FLANDERS FLAX IMMO: 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.
What changed
FLANDERS FLAX IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€109,908
2024 · €118,752-€8,844
Equity
€1.9m
2024 · €1.8m+€109,908
Cash
€65,097
2024 · €55,581+€9,516
Balance sheet total
€2.8m
2024 · €2.8m-€799
Largest movements
Assets
- Tangible fixed assets -€48,590
down €48,590 (-1.8%), from €2.7m to €2.6m
- Receivables within one year +€38,275
up €38,275 (+103%), from €37,250 to €75,525
of which Trade receivables: +€39,275
Equity and liabilities
- Debts after one year -€122,702
down €122,702 (-14.3%), from €858,091 to €735,389
- Reserves +€109,908
up €109,908 (+6.1%), from €1.8m to €1.9m
Income statement
- Turnover -€269,694
no longer reported in 2025 (was €269,694)
- Gross operating margin +€267,747
new in 2025: €267,747
- Taxes +€12,745
up €12,745 (+32.5%), from €39,194 to €51,939
- Services and other goods -€9,549
no longer reported in 2025 (was €9,549)
- Other operating income -€5,602
no longer reported in 2025 (was €5,602)
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
€118,752
Turnover
-€269,694
Other operating income
-€5,602
Services and other goods
+€9,549
Depreciation
+€765
Other operating charges
-€840
Other operating items
+€267,747
Financial income
-€0
Financial charges
+€1,977
Taxes
-€12,745
Result 2025
€109,908
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€131,603
Investment
€0
Financing
-€122,088
Cash 2024
€55,581
From operations (derived)
+€131,603
Net result for the year
+€109,908
Depreciation
+€48,590
Receivables within one year
-€38,275
Smaller working-capital items
-€59
Tax, wage and social debts
+€11,440
Financing
-€122,088
Debts after one year
-€122,702
Current portion of long-term debt
+€614
Cash 2025
€65,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,779,214 | €2,778,415 | -€799 | 0.0% |
| Fixed assets | 21/28 | €2,686,382 | €2,637,793 | -€48,590 | -1.8% |
| Tangible fixed assets | 22/27 | €2,686,382 | €2,637,793 | -€48,590 | -1.8% |
| Land and buildings | 22 | €2,686,382 | €2,637,793 | -€48,590 | -1.8% |
| Current assets | 29/58 | €92,831 | €140,622 | +€47,791 | +51.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €37,250 | €75,525 | +€38,275 | +103% |
| Trade receivables | 40 | €36,250 | €75,525 | +€39,275 | +108% |
| Other amounts receivable | 41 | €1,000 | €0 | -€1,000 | -100% |
| Cash at bank and in hand | 54/58 | €55,581 | €65,097 | +€9,516 | +17.1% |
| Total equity and liabilities | 10/49 | €2,779,214 | €2,778,415 | -€799 | 0.0% |
| Equity | 10/15 | €1,797,220 | €1,907,127 | +€109,908 | +6.1% |
| Contributions | 10/11 | €3,551 | €3,551 | = | 0.0% |
| Reserves | 13 | €1,793,669 | €1,903,576 | +€109,908 | +6.1% |
| Distributable reserves | 133 | €1,793,669 | €1,903,576 | +€109,908 | +6.1% |
| Amounts payable | 17/49 | €981,994 | €871,287 | -€110,707 | -11.3% |
| Amounts payable after more than one year | 17 | €858,091 | €735,389 | -€122,702 | -14.3% |
| Financial debts | 170/4 | €858,091 | €735,389 | -€122,702 | -14.3% |
| Credit institutions | 173 | €858,091 | - | -€858,091 | |
| Amounts payable within one year | 42/48 | €123,903 | €135,898 | +€11,995 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €122,088 | €122,702 | +€614 | +0.5% |
| Trade debts | 44 | €0 | €128 | +€128 | |
| Suppliers | 440/4 | €0 | €128 | +€128 | |
| Taxes, remuneration and social security | 45 | €1,629 | €13,068 | +€11,440 | +702% |
| Taxes | 450/3 | €1,629 | €13,068 | +€11,440 | +702% |
| Other amounts payable | 47/48 | €187 | €0 | -€187 | -100% |
| Operating income | 70/76A | €275,296 | - | -€275,296 | |
| Turnover | 70 | €269,694 | - | -€269,694 | |
| Other operating income | 74 | €5,602 | - | -€5,602 | |
| Operating charges | 60/66A | €102,191 | - | -€102,191 | |
| Services and other goods | 61 | €9,549 | - | -€9,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,354 | €48,590 | -€765 | -1.5% |
| Other operating charges | 640/8 | €43,288 | €44,128 | +€840 | +1.9% |
| Gross operating margin | 9900 | - | €267,747 | +€267,747 | |
| Operating profit (loss) | 9901 | €173,105 | €175,029 | +€1,924 | +1.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,160 | €13,183 | -€1,977 | -13.0% |
| Recurring financial charges | 65 | €15,160 | €13,183 | -€1,977 | -13.0% |
| Debt charges | 650 | €14,601 | - | -€14,601 | |
| Other financial charges | 652/9 | €560 | - | -€560 | |
| Profit (loss) for the period before taxes | 9903 | €157,945 | €161,846 | +€3,901 | +2.5% |
| Income taxes | 67/77 | €39,194 | €51,939 | +€12,745 | +32.5% |
| Taxes | 670/3 | €39,194 | - | -€39,194 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €118,752 | €109,908 | -€8,844 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,752 | €109,908 | -€8,844 | -7.4% |
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 25 October 2026 via checked.be.