FLANDRA: 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.
FLANDRA
Largest movements
- Cash -€50,996
down €50,996 (-44.2%), from €115,333 to €64,337
mainly Trade debts (-€39,819) and Receivables within one year (-€25,070)
- Receivables within one year +€25,070
up €25,070 (+25.6%), from €97,909 to €122,979
of which Trade receivables: +€23,451
- Tangible fixed assets -€14,443
down €14,443 (-39.2%), from €36,827 to €22,384
of which Leasing and similar rights: -€8,063
- Trade debts -€39,819
down €39,819 (-43.0%), from €92,663 to €52,844
- Other debts -€15,028
no longer reported in 2024 (was €15,028)
- Profit (loss) carried forward +€12,386
up €12,386 (+15.2%), from €81,555 to €93,941
- Turnover -€471,439
no longer reported in 2024 (was €471,439)
- Purchases and services -€264,726
no longer reported in 2024 (was €264,726)
- Staff costs +€126,023
up €126,023 (+121%), from €103,848 to €229,871
- Gross operating margin +€53,419
up €53,419 (+25.8%), from €206,713 to €260,132
- Other operating charges -€7,976
down €7,976 (-80.0%), from €9,965 to €1,988
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,515 | €222,147 | -€40,368 | -15.4% |
| Fixed assets | 21/28 | €37,786 | €23,344 | -€14,443 | -38.2% |
| Tangible fixed assets | 22/27 | €36,827 | €22,384 | -€14,443 | -39.2% |
| Furniture and vehicles | 24 | €27,904 | €21,525 | -€6,380 | -22.9% |
| Leasing and similar rights | 25 | €8,923 | €859 | -€8,063 | -90.4% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €224,729 | €198,803 | -€25,925 | -11.5% |
| Stocks and contracts in progress | 3 | €11,487 | €11,487 | = | 0.0% |
| Stocks | 30/36 | €11,487 | €11,487 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,909 | €122,979 | +€25,070 | +25.6% |
| Trade receivables | 40 | €76,675 | €100,127 | +€23,451 | +30.6% |
| Other amounts receivable | 41 | €21,233 | €22,852 | +€1,619 | +7.6% |
| Cash at bank and in hand | 54/58 | €115,333 | €64,337 | -€50,996 | -44.2% |
| Total equity and liabilities | 10/49 | €262,515 | €222,147 | -€40,368 | -15.4% |
| Equity | 10/15 | €100,155 | €112,541 | +€12,386 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,555 | €93,941 | +€12,386 | +15.2% |
| Amounts payable | 17/49 | €162,360 | €109,606 | -€52,754 | -32.5% |
| Amounts payable after more than one year | 17 | €32,352 | €32,352 | = | 0.0% |
| Financial debts | 170/4 | €32,352 | €32,352 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,009 | €77,254 | -€52,754 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €9,600 | €9,600 | = | 0.0% |
| Trade debts | 44 | €92,663 | €52,844 | -€39,819 | -43.0% |
| Suppliers | 440/4 | €92,663 | €52,844 | -€39,819 | -43.0% |
| Taxes, remuneration and social security | 45 | €12,718 | €14,811 | +€2,093 | +16.5% |
| Taxes | 450/3 | €8,065 | €1,229 | -€6,835 | -84.8% |
| Remuneration and social security | 454/9 | €4,653 | €13,581 | +€8,928 | +192% |
| Other amounts payable | 47/48 | €15,028 | - | -€15,028 | |
| Turnover | 70 | €471,439 | - | -€471,439 | |
| Goods, raw materials, services and sundry goods | 60/61 | €264,726 | - | -€264,726 | |
| Remuneration, social security and pensions | 62 | €103,848 | €229,871 | +€126,023 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,711 | €14,443 | +€4,732 | +48.7% |
| Other operating charges | 640/8 | €9,965 | €1,988 | -€7,976 | -80.0% |
| Gross operating margin | 9900 | €206,713 | €260,132 | +€53,419 | +25.8% |
| Operating profit (loss) | 9901 | €83,189 | €13,830 | -€69,359 | -83.4% |
| Financial income | 75/76B | €2,211 | €28 | -€2,184 | -98.7% |
| Recurring financial income | 75 | €1 | €28 | +€27 | +3,280% |
| Non-recurring financial income | 76B | €2,211 | €28 | -€2,183 | -98.7% |
| Financial charges | 65/66B | €3,942 | €1,471 | -€2,470 | -62.7% |
| Recurring financial charges | 65 | €649 | €128 | -€521 | -80.3% |
| Non-recurring financial charges | 66B | €3,292 | €1,343 | -€1,949 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €81,459 | €12,386 | -€69,072 | -84.8% |
| Income taxes | 67/77 | €1,987 | - | -€1,987 | |
| Profit (loss) for the period | 9904 | €79,472 | €12,386 | -€67,085 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,472 | €12,386 | -€67,085 | -84.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.