Flandria: 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.
Flandria
Largest movements
- Cash +€513,367
up €513,367 (+2,712%), from €18,931 to €532,298
mainly Investment in fixed assets (net) (+€316,402) and Current investments (+€112,715)
- Tangible fixed assets -€326,709
no longer reported in 2025 (was €326,709)
- Current investments -€112,715
down €112,715 (-89.7%), from €125,653 to €12,937
- Profit (loss) carried forward +€75,631
up €75,631 (+8,793%), from €860 to €76,491
- Gross operating margin +€130,406
up €130,406, from -€41,689 to €88,716
- Financial income -€20,408
down €20,408 (-97.3%), from €20,976 to €568
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 | €482,012 | €555,955 | +€73,943 | +15.3% |
| Fixed assets | 21/28 | €337,429 | €10,720 | -€326,709 | -96.8% |
| Tangible fixed assets | 22/27 | €326,709 | - | -€326,709 | |
| Land and buildings | 22 | €326,709 | - | -€326,709 | |
| Financial fixed assets | 28 | €10,720 | €10,720 | = | 0.0% |
| Current assets | 29/58 | €144,584 | €545,235 | +€400,651 | +277% |
| Current investments | 50/53 | €125,653 | €12,937 | -€112,715 | -89.7% |
| Cash at bank and in hand | 54/58 | €18,931 | €532,298 | +€513,367 | +2,712% |
| Total equity and liabilities | 10/49 | €482,012 | €555,955 | +€73,943 | +15.3% |
| Equity | 10/15 | €477,717 | €553,348 | +€75,631 | +15.8% |
| Reserves | 13 | €476,857 | €476,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | €860 | €76,491 | +€75,631 | +8,793% |
| Amounts payable | 17/49 | €4,295 | €2,607 | -€1,688 | -39.3% |
| Amounts payable within one year | 42/48 | €2,247 | €2,607 | +€361 | +16.1% |
| Taxes, remuneration and social security | 45 | €2,247 | €2,607 | +€361 | +16.1% |
| Taxes | 450/3 | €2,247 | €2,607 | +€361 | +16.1% |
| Accrued charges and deferred income | 492/3 | €2,049 | - | -€2,049 | |
| Non-recurring operating income | 76A | - | €122,634 | +€122,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,306 | €10,306 | = | 0.0% |
| Other operating charges | 640/8 | €1,240 | €1,114 | -€126 | -10.2% |
| Gross operating margin | 9900 | -€41,689 | €88,716 | +€130,406 | |
| Operating profit (loss) | 9901 | -€53,236 | €77,296 | +€130,532 | |
| Financial income | 75/76B | €20,976 | €568 | -€20,408 | -97.3% |
| Recurring financial income | 75 | €20,976 | €568 | -€20,408 | -97.3% |
| Financial charges | 65/66B | €143 | €391 | +€248 | +173% |
| Recurring financial charges | 65 | €143 | €391 | +€248 | +173% |
| Profit (loss) for the period before taxes | 9903 | -€32,403 | €77,473 | +€109,876 | |
| Income taxes | 67/77 | €1,772 | €1,842 | +€71 | +4.0% |
| Profit (loss) for the period | 9904 | -€34,175 | €75,631 | +€109,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,175 | €75,631 | +€109,806 |
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 20 October 2026 via checked.be.