FLANDERS TRADING GROUP: 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 TRADING GROUP
Largest movements
- Tangible fixed assets +€142,562
up €142,562 (+9.6%), from €1.5m to €1.6m
of which Land and buildings: +€140,409
- Stocks and contracts -€133,532
down €133,532 (-38.8%), from €343,752 to €210,220
- Receivables within one year -€50,737
down €50,737 (-39.7%), from €127,850 to €77,113
of which Trade receivables: -€36,461
- Cash +€33,171
up €33,171 (+23.0%), from €144,402 to €177,573
mainly Stocks and contracts (+€133,532) and Depreciation (+€116,081)
- Reserves -€68,613
down €68,613 (-11.5%), from €595,996 to €527,383
of which Distributable reserves: -€68,613
- Trade debts +€43,884
up €43,884 (+175%), from €25,089 to €68,973
- Gross operating margin -€235,844
down €235,844 (-70.0%), from €337,126 to €101,282
- Depreciation -€55,848
down €55,848 (-32.5%), from €171,929 to €116,081
- Financial charges -€50,526
down €50,526 (-59.4%), from €85,107 to €34,581
- Taxes -€16,100
down €16,100 (-97.9%), from €16,437 to €337
- Other operating charges -€10,830
down €10,830 (-36.2%), from €29,956 to €19,127
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 | €2,108,442 | €2,101,863 | -€6,579 | -0.3% |
| Fixed assets | 21/28 | €1,489,689 | €1,632,252 | +€142,562 | +9.6% |
| Tangible fixed assets | 22/27 | €1,489,689 | €1,632,252 | +€142,562 | +9.6% |
| Land and buildings | 22 | €1,488,890 | €1,629,299 | +€140,409 | +9.4% |
| Plant, machinery and equipment | 23 | €799 | €257 | -€542 | -67.8% |
| Furniture and vehicles | 24 | €0 | €2,695 | +€2,695 | |
| Current assets | 29/58 | €618,753 | €469,611 | -€149,142 | -24.1% |
| Stocks and contracts in progress | 3 | €343,752 | €210,220 | -€133,532 | -38.8% |
| Stocks | 30/36 | €343,752 | €210,220 | -€133,532 | -38.8% |
| Amounts receivable within one year | 40/41 | €127,850 | €77,113 | -€50,737 | -39.7% |
| Trade receivables | 40 | €104,339 | €67,879 | -€36,461 | -34.9% |
| Other amounts receivable | 41 | €23,510 | €9,234 | -€14,276 | -60.7% |
| Cash at bank and in hand | 54/58 | €144,402 | €177,573 | +€33,171 | +23.0% |
| Deferred charges and accrued income | 490/1 | €2,749 | €4,706 | +€1,956 | +71.2% |
| Total equity and liabilities | 10/49 | €2,108,442 | €2,101,863 | -€6,579 | -0.3% |
| Equity | 10/15 | €695,996 | €627,383 | -€68,613 | -9.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €595,996 | €527,383 | -€68,613 | -11.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €595,996 | €527,383 | -€68,613 | -11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Environmental obligations | 163 | €10,000 | - | -€10,000 | |
| Other liabilities and charges | 164/5 | €0 | €10,000 | +€10,000 | |
| Amounts payable | 17/49 | €1,402,446 | €1,464,480 | +€62,034 | +4.4% |
| Amounts payable after more than one year | 17 | €1,086,317 | €1,081,774 | -€4,544 | -0.4% |
| Financial debts | 170/4 | €1,086,317 | €1,081,774 | -€4,544 | -0.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €294,554 | €367,956 | +€73,402 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €121,736 | €136,808 | +€15,071 | +12.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €25,089 | €68,973 | +€43,884 | +175% |
| Suppliers | 440/4 | €25,089 | €68,973 | +€43,884 | +175% |
| Advances received on contracts in progress | 46 | - | €8,766 | +€8,766 | |
| Taxes, remuneration and social security | 45 | €6,435 | €10,612 | +€4,177 | +64.9% |
| Taxes | 450/3 | €6,435 | €10,612 | +€4,177 | +64.9% |
| Other amounts payable | 47/48 | €141,294 | €142,798 | +€1,503 | +1.1% |
| Accrued charges and deferred income | 492/3 | €21,574 | €14,750 | -€6,824 | -31.6% |
| Non-recurring operating income | 76A | €562,797 | €0 | -€562,797 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,929 | €116,081 | -€55,848 | -32.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €29,956 | €19,127 | -€10,830 | -36.2% |
| Gross operating margin | 9900 | €337,126 | €101,282 | -€235,844 | -70.0% |
| Operating profit (loss) | 9901 | €135,241 | -€33,926 | -€169,167 | |
| Financial income | 75/76B | €114 | €231 | +€117 | +103% |
| Recurring financial income | 75 | €114 | €231 | +€117 | +103% |
| Financial charges | 65/66B | €85,107 | €34,581 | -€50,526 | -59.4% |
| Recurring financial charges | 65 | €85,107 | €34,581 | -€50,526 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €50,247 | -€68,276 | -€118,524 | |
| Income taxes | 67/77 | €16,437 | €337 | -€16,100 | -97.9% |
| Profit (loss) for the period | 9904 | €33,810 | -€68,613 | -€102,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,810 | -€68,613 | -€102,424 |
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 29 October 2026 via checked.be.