FLANDERS INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year +€54,884
up €54,884 (+75.5%), from €72,664 to €127,547
of which Trade receivables: +€54,867
- Tangible fixed assets -€13,150
down €13,150 (-23.3%), from €56,443 to €43,293
- Other debts -€97,780
down €97,780 (-19.4%), from €505,113 to €407,333
- Reserves +€84,000
up €84,000 (+25.2%), from €332,819 to €416,819
of which Distributable reserves: +€84,000
- Trade debts +€50,487
up €50,487 (+568%), from €8,895 to €59,382
- Other operating charges -€55,121
down €55,121 (-99.4%), from €55,433 to €312
- Write-downs +€54,900
no longer reported in 2025 (was -€54,900)
- Gross operating margin -€30,616
down €30,616 (-86.7%), from €35,333 to €4,717
- Depreciation +€3,844
up €3,844 (+41.3%), from €9,305 to €13,150
- Financial charges -€1,082
down €1,082 (-17.9%), from €6,036 to €4,954
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 | €1,000,748 | €1,042,079 | +€41,331 | +4.1% |
| Fixed assets | 21/28 | €826,443 | €813,293 | -€13,150 | -1.6% |
| Tangible fixed assets | 22/27 | €56,443 | €43,293 | -€13,150 | -23.3% |
| Furniture and vehicles | 24 | €56,443 | €43,293 | -€13,150 | -23.3% |
| Financial fixed assets | 28 | €770,000 | €770,000 | = | 0.0% |
| Current assets | 29/58 | €174,305 | €228,786 | +€54,481 | +31.3% |
| Amounts receivable within one year | 40/41 | €72,664 | €127,547 | +€54,884 | +75.5% |
| Trade receivables | 40 | €72,664 | €127,531 | +€54,867 | +75.5% |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €101,641 | €101,238 | -€403 | -0.4% |
| Total equity and liabilities | 10/49 | €1,000,748 | €1,042,079 | +€41,331 | +4.1% |
| Equity | 10/15 | €485,753 | €569,562 | +€83,809 | +17.3% |
| Contributions | 10/11 | €152,455 | €152,455 | = | 0.0% |
| Reserves | 13 | €332,819 | €416,819 | +€84,000 | +25.2% |
| Non-distributable reserves | 130/1 | €68,819 | €68,819 | = | 0.0% |
| Other | 1319 | €68,819 | €68,819 | = | 0.0% |
| Distributable reserves | 133 | €264,000 | €348,000 | +€84,000 | +31.8% |
| Profit (loss) carried forward | 14 | €480 | €288 | -€191 | -39.9% |
| Amounts payable | 17/49 | €514,994 | €472,517 | -€42,477 | -8.2% |
| Amounts payable within one year | 42/48 | €514,211 | €467,009 | -€47,202 | -9.2% |
| Trade debts | 44 | €8,895 | €59,382 | +€50,487 | +568% |
| Suppliers | 440/4 | €8,895 | €59,382 | +€50,487 | +568% |
| Taxes, remuneration and social security | 45 | €203 | €295 | +€91 | +45.1% |
| Taxes | 450/3 | €203 | €295 | +€91 | +45.1% |
| Other amounts payable | 47/48 | €505,113 | €407,333 | -€97,780 | -19.4% |
| Accrued charges and deferred income | 492/3 | €784 | €5,508 | +€4,724 | +603% |
| Non-recurring operating income | 76A | €25,750 | - | -€25,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,305 | €13,150 | +€3,844 | +41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€54,900 | - | +€54,900 | |
| Other operating charges | 640/8 | €55,433 | €312 | -€55,121 | -99.4% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €35,333 | €4,717 | -€30,616 | -86.7% |
| Operating profit (loss) | 9901 | €25,494 | -€8,808 | -€34,303 | |
| Financial income | 75/76B | €97,784 | €97,870 | +€86 | +0.1% |
| Recurring financial income | 75 | €97,784 | €97,870 | +€86 | +0.1% |
| Financial charges | 65/66B | €6,036 | €4,954 | -€1,082 | -17.9% |
| Recurring financial charges | 65 | €6,036 | €4,954 | -€1,082 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €117,242 | €84,108 | -€33,134 | -28.3% |
| Income taxes | 67/77 | €205 | €299 | +€94 | +46.0% |
| Profit (loss) for the period | 9904 | €117,037 | €83,809 | -€33,229 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,037 | €83,809 | -€33,229 | -28.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.