FLANDERS TREASURES: 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 TREASURES
Largest movements
- Tangible fixed assets -€20,558
down €20,558 (-22.7%), from €90,437 to €69,879
of which Leasing and similar rights: -€13,407
- Receivables within one year -€5,763
down €5,763 (-41.9%), from €13,764 to €8,001
of which Trade receivables: -€3,979
- Stocks and contracts +€1,283
up €1,283 (+31.1%), from €4,130 to €5,413
- Other debts +€32,185
up €32,185 (+78.7%), from €40,889 to €73,074
- Trade debts -€28,706
down €28,706 (-63.7%), from €45,033 to €16,327
- Current portion of long-term debt -€20,011
down €20,011 (-48.9%), from €40,899 to €20,888
- Short-term financial debts -€8,082
down €8,082 (-47.9%), from €16,888 to €8,806
- Gross operating margin +€30,691
up €30,691 (+1,046%), from €2,934 to €33,625
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,219 | €85,885 | -€25,334 | -22.8% |
| Fixed assets | 21/28 | €90,437 | €69,879 | -€20,558 | -22.7% |
| Tangible fixed assets | 22/27 | €90,437 | €69,879 | -€20,558 | -22.7% |
| Plant, machinery and equipment | 23 | €12,585 | €7,971 | -€4,614 | -36.7% |
| Furniture and vehicles | 24 | €28,523 | €25,986 | -€2,537 | -8.9% |
| Leasing and similar rights | 25 | €49,329 | €35,922 | -€13,407 | -27.2% |
| Current assets | 29/58 | €20,782 | €16,005 | -€4,777 | -23.0% |
| Stocks and contracts in progress | 3 | €4,130 | €5,413 | +€1,283 | +31.1% |
| Stocks | 30/36 | €4,130 | €5,413 | +€1,283 | +31.1% |
| Amounts receivable within one year | 40/41 | €13,764 | €8,001 | -€5,763 | -41.9% |
| Trade receivables | 40 | €8,802 | €4,823 | -€3,979 | -45.2% |
| Other amounts receivable | 41 | €4,963 | €3,179 | -€1,784 | -36.0% |
| Deferred charges and accrued income | 490/1 | €2,887 | €2,590 | -€297 | -10.3% |
| Total equity and liabilities | 10/49 | €111,219 | €85,885 | -€25,334 | -22.8% |
| Equity | 10/15 | -€67,199 | -€67,759 | -€560 | -0.8% |
| Contributions | 10/11 | €5,001 | €5,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,200 | -€72,760 | -€560 | -0.8% |
| Amounts payable | 17/49 | €178,418 | €153,644 | -€24,774 | -13.9% |
| Amounts payable after more than one year | 17 | €34,027 | €33,616 | -€410 | -1.2% |
| Financial debts | 170/4 | €34,027 | €33,616 | -€410 | -1.2% |
| Amounts payable within one year | 42/48 | €144,391 | €119,778 | -€24,614 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €40,899 | €20,888 | -€20,011 | -48.9% |
| Financial debts | 43 | €16,888 | €8,806 | -€8,082 | -47.9% |
| Credit institutions | 430/8 | €16,888 | €8,806 | -€8,082 | -47.9% |
| Trade debts | 44 | €45,033 | €16,327 | -€28,706 | -63.7% |
| Suppliers | 440/4 | €45,033 | €16,327 | -€28,706 | -63.7% |
| Taxes, remuneration and social security | 45 | €683 | €683 | = | 0.0% |
| Taxes | 450/3 | €683 | €683 | = | 0.0% |
| Other amounts payable | 47/48 | €40,889 | €73,074 | +€32,185 | +78.7% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,725 | €27,508 | -€217 | -0.8% |
| Other operating charges | 640/8 | €333 | €649 | +€316 | +94.7% |
| Gross operating margin | 9900 | €2,934 | €33,625 | +€30,691 | +1,046% |
| Operating profit (loss) | 9901 | -€25,124 | €5,469 | +€30,593 | |
| Financial income | 75/76B | €1 | €163 | +€163 | +26,695% |
| Recurring financial income | 75 | €1 | €163 | +€163 | +26,695% |
| Financial charges | 65/66B | €6,059 | €6,192 | +€133 | +2.2% |
| Recurring financial charges | 65 | €6,059 | €6,192 | +€133 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,183 | -€560 | +€30,623 | +98.2% |
| Profit (loss) for the period | 9904 | -€31,183 | -€560 | +€30,623 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,183 | -€560 | +€30,623 | +98.2% |
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 28 October 2026 via checked.be.