Flandrien: 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.
What changed
Flandrien
NACE 46.331, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €410,772+€849,600
Equity
€4.3m
2024 · €3.4m+€806,697
Cash
€166,317
2024 · €356,647-€190,330
Balance sheet total
€13.7m
2024 · €12.2m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+29.7%), from €4.1m to €5.3m
of which Plant, machinery and equipment: +€634,909
- Receivables within one year +€450,317
up €450,317 (+17.9%), from €2.5m to €3.0m
of which Trade receivables: +€581,877
- Cash -€190,330
down €190,330 (-53.4%), from €356,647 to €166,317
mainly Investment in fixed assets (net) (-€1.7m) and Debts after one year (-€578,400)
Equity and liabilities
- Trade debts +€1.7m
up €1.7m (+38.3%), from €4.4m to €6.0m
- Reserves +€785,372
up €785,372 (+27.6%), from €2.8m to €3.6m
of which Distributable reserves: +€805,666
- Debts after one year -€578,400
down €578,400 (-23.1%), from €2.5m to €1.9m
- Other debts -€430,100
down €430,100 (-40.5%), from €1.1m to €631,354
- Tax, wage and social debts +€142,751
up €142,751 (+86.1%), from €165,807 to €308,558
of which Taxes: +€73,809
Income statement
- Turnover +€6.4m
up €6.4m (+27.8%), from €23.2m to €29.7m
- Goods and materials +€4.9m
up €4.9m (+26.7%), from €18.4m to €23.3m
of which Purchases: +€4.6m
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.
Result 2024
€410,772
Turnover
+€6.4m
Other operating income
-€11,927
Goods and materials
-€4.9m
Services and other goods
-€271,914
Staff costs
-€102,853
Depreciation
-€132,880
Other operating charges
+€3,070
Financial income
-€8,213
Financial charges
-€47,452
Taxes
-€116,142
Result 2025
€1.3m
Cash bridge derived
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.
From operations
+€2.6m
Investment
-€1.7m
Financing
-€1.1m
Cash 2024
€356,647
From operations (derived)
+€2.6m
Net result for the year
+€1.3m
Depreciation
+€497,959
Stocks and contracts
-€93,493
Receivables within one year
-€450,317
Deferred charges and accrued income
-€2,040
Provisions
-€6,765
Trade debts
+€1.7m
Tax, wage and social debts
+€142,751
Other debts
-€430,100
Accrued charges and deferred income
-€4,344
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€1.1m
Debts after one year
-€578,400
Current portion of long-term debt
-€39,253
Contributions, distributions and other
-€453,674
Cash 2025
€166,317
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,176,762 | €13,737,344 | +€1.6m | +12.8% |
| Fixed assets | 21/28 | €4,054,887 | €5,259,950 | +€1.2m | +29.7% |
| Intangible fixed assets | 21 | €480 | €0 | -€480 | -100.0% |
| Tangible fixed assets | 22/27 | €4,053,907 | €5,259,450 | +€1.2m | +29.7% |
| Land and buildings | 22 | €2,911,286 | €3,426,653 | +€515,367 | +17.7% |
| Plant, machinery and equipment | 23 | €1,055,655 | €1,690,564 | +€634,909 | +60.1% |
| Furniture and vehicles | 24 | €86,966 | €142,232 | +€55,266 | +63.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €8,121,875 | €8,477,394 | +€355,519 | +4.4% |
| Stocks and contracts in progress | 3 | €4,742,793 | €4,836,286 | +€93,493 | +2.0% |
| Stocks | 30/36 | €4,742,793 | €4,836,286 | +€93,493 | +2.0% |
| Goods purchased for resale | 34 | €4,742,793 | €4,836,286 | +€93,493 | +2.0% |
| Amounts receivable within one year | 40/41 | €2,522,436 | €2,972,752 | +€450,317 | +17.9% |
| Trade receivables | 40 | €2,389,424 | €2,971,301 | +€581,877 | +24.4% |
| Other amounts receivable | 41 | €133,012 | €1,451 | -€131,560 | -98.9% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Other investments | 51/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €356,647 | €166,317 | -€190,330 | -53.4% |
| Deferred charges and accrued income | 490/1 | - | €2,040 | +€2,040 | |
| Total equity and liabilities | 10/49 | €12,176,762 | €13,737,344 | +€1.6m | +12.8% |
| Equity | 10/15 | €3,447,576 | €4,254,273 | +€806,697 | +23.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €2,842,005 | €3,627,376 | +€785,372 | +27.6% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,106 | €33,811 | -€20,295 | -37.5% |
| Distributable reserves | 133 | €2,727,899 | €3,533,565 | +€805,666 | +29.5% |
| Investment grants | 15 | €5,571 | €26,896 | +€21,326 | +382.8% |
| Provisions and deferred taxes | 16 | €9,865 | €3,100 | -€6,765 | -68.6% |
| Deferred taxes | 168 | €9,865 | €3,100 | -€6,765 | -68.6% |
| Amounts payable | 17/49 | €8,719,321 | €9,479,971 | +€760,649 | +8.7% |
| Amounts payable after more than one year | 17 | €2,504,811 | €1,926,411 | -€578,400 | -23.1% |
| Financial debts | 170/4 | €2,504,811 | €1,926,411 | -€578,400 | -23.1% |
| Credit institutions | 173 | €2,504,811 | €1,926,411 | -€578,400 | -23.1% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,209,554 | €7,552,948 | +€1.3m | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €617,654 | €578,400 | -€39,253 | -6.4% |
| Trade debts | 44 | €4,364,640 | €6,034,636 | +€1.7m | +38.3% |
| Suppliers | 440/4 | €4,364,640 | €6,034,636 | +€1.7m | +38.3% |
| Taxes, remuneration and social security | 45 | €165,807 | €308,558 | +€142,751 | +86.1% |
| Taxes | 450/3 | €28,587 | €102,396 | +€73,809 | +258.2% |
| Remuneration and social security | 454/9 | €137,220 | €206,161 | +€68,941 | +50.2% |
| Other amounts payable | 47/48 | €1,061,455 | €631,354 | -€430,100 | -40.5% |
| Accrued charges and deferred income | 492/3 | €4,956 | €612 | -€4,344 | -87.7% |
| Operating income | 70/76A | €23,536,653 | €29,973,550 | +€6.4m | +27.3% |
| Turnover | 70 | €23,212,368 | €29,661,192 | +€6.4m | +27.8% |
| Other operating income | 74 | €324,285 | €312,358 | -€11,927 | -3.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €22,836,146 | €28,251,637 | +€5.4m | +23.7% |
| Goods for resale, raw materials and consumables | 60 | €18,414,457 | €23,325,371 | +€4.9m | +26.7% |
| Purchases | 600/8 | €18,787,638 | €23,418,863 | +€4.6m | +24.7% |
| Change in stocks: decrease (increase) | 609 | -€373,181 | -€93,493 | +€279,688 | +74.9% |
| Services and other goods | 61 | €2,963,921 | €3,235,835 | +€271,914 | +9.2% |
| Remuneration, social security and pensions | 62 | €1,067,047 | €1,169,900 | +€102,853 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365,079 | €497,959 | +€132,880 | +36.4% |
| Other operating charges | 640/8 | €25,642 | €22,572 | -€3,070 | -12.0% |
| Operating profit (loss) | 9901 | €700,507 | €1,721,913 | +€1.0m | +145.8% |
| Financial income | 75/76B | €30,946 | €22,733 | -€8,213 | -26.5% |
| Recurring financial income | 75 | €30,946 | €22,733 | -€8,213 | -26.5% |
| Income from financial fixed assets | 750 | €26,191 | €9,360 | -€16,831 | -64.3% |
| Other financial income | 752/9 | €4,754 | €13,373 | +€8,619 | +181.3% |
| Financial charges | 65/66B | €173,164 | €220,615 | +€47,452 | +27.4% |
| Recurring financial charges | 65 | €173,164 | €220,615 | +€47,452 | +27.4% |
| Debt charges | 650 | €80,093 | €108,568 | +€28,475 | +35.6% |
| Other financial charges | 652/9 | €93,071 | €112,047 | +€18,976 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €558,289 | €1,524,031 | +€965,742 | +173.0% |
| Transfer from deferred taxes | 780 | €6,765 | €6,765 | = | 0.0% |
| Income taxes | 67/77 | €154,282 | €270,424 | +€116,142 | +75.3% |
| Taxes | 670/3 | €154,282 | €278,300 | +€124,018 | +80.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €7,876 | +€7,876 | |
| Profit (loss) for the period | 9904 | €410,772 | €1,260,372 | +€849,600 | +206.8% |
| Transfer from tax-exempt reserves | 789 | €20,295 | €20,295 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €431,067 | €1,280,666 | +€849,600 | +197.1% |
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 12 October 2026 via checked.be.