Flanders Maritime Consultancy: 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 Maritime Consultancy
Largest movements
- Cash +€9,369
up €9,369 (+37.1%), from €25,281 to €34,649
mainly Depreciation (+€29,471) and Net result for the year (+€18,367)
- Receivables within one year +€4,085
up €4,085 (+5.6%), from €73,323 to €77,408
of which Trade receivables: +€13,475
- Deferred charges and accrued income -€3,382
down €3,382 (-70.2%), from €4,818 to €1,436
- Reserves +€18,367
up €18,367 (+55.4%), from €33,168 to €51,535
- Trade debts -€10,863
down €10,863 (-22.5%), from €48,374 to €37,512
- Short-term financial debts +€3,708
up €3,708 (+1,736%), from €214 to €3,922
of which Other loans: +€2,525
- Current portion of long-term debt -€3,380
down €3,380 (-21.1%), from €16,015 to €12,635
- Gross operating margin +€21,228
up €21,228 (+45.9%), from €46,217 to €67,445
- Financial income +€12,841
up €12,841 (+268%), from €4,800 to €17,641
of which Non-recurring financial income: +€12,841
- Taxes +€9,902
new in 2025: €9,902
- Other operating charges -€2,122
down €2,122 (-82.1%), from €2,586 to €464
- Staff costs +€1,954
up €1,954 (+8.3%), from €23,647 to €25,601
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 | €228,803 | €237,959 | +€9,156 | +4.0% |
| Fixed assets | 21/28 | €65,382 | €64,467 | -€915 | -1.4% |
| Tangible fixed assets | 22/27 | €65,382 | €64,467 | -€915 | -1.4% |
| Land and buildings | 22 | €30,637 | €24,871 | -€5,766 | -18.8% |
| Plant, machinery and equipment | 23 | €2,720 | €5,633 | +€2,912 | +107% |
| Furniture and vehicles | 24 | €13,750 | €33,936 | +€20,186 | +147% |
| Leasing and similar rights | 25 | €7,820 | - | -€7,820 | |
| Other tangible fixed assets | 26 | €10,454 | €28 | -€10,426 | -99.7% |
| Current assets | 29/58 | €163,421 | €173,492 | +€10,071 | +6.2% |
| Amounts receivable within one year | 40/41 | €73,323 | €77,408 | +€4,085 | +5.6% |
| Trade receivables | 40 | €49,806 | €63,281 | +€13,475 | +27.1% |
| Other amounts receivable | 41 | €23,517 | €14,127 | -€9,390 | -39.9% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,281 | €34,649 | +€9,369 | +37.1% |
| Deferred charges and accrued income | 490/1 | €4,818 | €1,436 | -€3,382 | -70.2% |
| Total equity and liabilities | 10/49 | €228,803 | €237,959 | +€9,156 | +4.0% |
| Equity | 10/15 | €51,768 | €70,135 | +€18,367 | +35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,168 | €51,535 | +€18,367 | +55.4% |
| Distributable reserves | 133 | €33,168 | €51,535 | +€18,367 | +55.4% |
| Amounts payable | 17/49 | €177,035 | €167,825 | -€9,210 | -5.2% |
| Amounts payable after more than one year | 17 | €3,584 | €3,086 | -€498 | -13.9% |
| Financial debts | 170/4 | €3,584 | €3,086 | -€498 | -13.9% |
| Amounts payable within one year | 42/48 | €173,451 | €164,738 | -€8,713 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €16,015 | €12,635 | -€3,380 | -21.1% |
| Financial debts | 43 | €214 | €3,922 | +€3,708 | +1,736% |
| Credit institutions | 430/8 | €214 | €1,397 | +€1,183 | +554% |
| Other loans | 439 | - | €2,525 | +€2,525 | |
| Trade debts | 44 | €48,374 | €37,512 | -€10,863 | -22.5% |
| Suppliers | 440/4 | €48,374 | €37,512 | -€10,863 | -22.5% |
| Taxes, remuneration and social security | 45 | €7,344 | €7,201 | -€143 | -2.0% |
| Taxes | 450/3 | €1,575 | €2,402 | +€826 | +52.5% |
| Remuneration and social security | 454/9 | €5,769 | €4,799 | -€970 | -16.8% |
| Other amounts payable | 47/48 | €101,504 | €103,469 | +€1,965 | +1.9% |
| Remuneration, social security and pensions | 62 | €23,647 | €25,601 | +€1,954 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,701 | €29,471 | -€1,230 | -4.0% |
| Other operating charges | 640/8 | €2,586 | €464 | -€2,122 | -82.1% |
| Gross operating margin | 9900 | €46,217 | €67,445 | +€21,228 | +45.9% |
| Operating profit (loss) | 9901 | -€10,716 | €11,910 | +€22,626 | |
| Financial income | 75/76B | €4,800 | €17,641 | +€12,841 | +268% |
| Recurring financial income | 75 | €4,800 | €4,800 | = | 0.0% |
| Non-recurring financial income | 76B | - | €12,841 | +€12,841 | |
| Financial charges | 65/66B | €2,053 | €1,282 | -€771 | -37.5% |
| Recurring financial charges | 65 | €2,053 | €1,282 | -€771 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,969 | €28,269 | +€36,237 | |
| Income taxes | 67/77 | - | €9,902 | +€9,902 | |
| Profit (loss) for the period | 9904 | -€7,969 | €18,367 | +€26,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,969 | €18,367 | +€26,336 |
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 1 November 2026 via checked.be.