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.
Flandrien
Largest movements
- Tangible fixed assets -€4,642
down €4,642 (-14.7%), from €31,674 to €27,032
of which Other tangible fixed assets: -€2,655
- Receivables within one year +€4,011
up €4,011 (+193%), from €2,074 to €6,085
of which Other amounts receivable: +€2,994
- Intangible fixed assets -€700
down €700 (-18.0%), from €3,890 to €3,190
- Profit (loss) carried forward +€43,549
up €43,549 (+91.2%), from -€47,752 to -€4,202
- Other debts -€19,842
down €19,842 (-72.8%), from €27,252 to €7,410
- Trade debts -€16,740
down €16,740 (-97.1%), from €17,233 to €493
- Debts after one year -€4,976
down €4,976 (-37.4%), from €13,310 to €8,334
- Current portion of long-term debt -€3,911
down €3,911 (-44.0%), from €8,888 to €4,976
- Gross operating margin +€21,375
up €21,375 (+25.4%), from €84,030 to €105,405
- Staff costs -€12,184
down €12,184 (-24.9%), from €48,957 to €36,773
- Taxes +€4,765
up €4,765 (+1,874%), from €254 to €5,019
- Financial charges -€3,942
down €3,942 (-61.0%), from €6,463 to €2,521
- Depreciation +€1,449
up €1,449 (+22.7%), from €6,392 to €7,842
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 | €52,869 | €51,456 | -€1,413 | -2.7% |
| Fixed assets | 21/28 | €35,564 | €30,222 | -€5,342 | -15.0% |
| Intangible fixed assets | 21 | €3,890 | €3,190 | -€700 | -18.0% |
| Tangible fixed assets | 22/27 | €31,674 | €27,032 | -€4,642 | -14.7% |
| Plant, machinery and equipment | 23 | €9,839 | €9,863 | +€24 | +0.2% |
| Furniture and vehicles | 24 | €8,405 | €6,395 | -€2,010 | -23.9% |
| Other tangible fixed assets | 26 | €13,430 | €10,775 | -€2,655 | -19.8% |
| Current assets | 29/58 | €17,305 | €21,234 | +€3,929 | +22.7% |
| Stocks and contracts in progress | 3 | €11,433 | €11,433 | = | 0.0% |
| Stocks | 30/36 | €11,433 | €11,433 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,074 | €6,085 | +€4,011 | +193% |
| Trade receivables | 40 | €2,064 | €3,081 | +€1,017 | +49.3% |
| Other amounts receivable | 41 | €10 | €3,004 | +€2,994 | +29,940% |
| Cash at bank and in hand | 54/58 | €2,762 | €3,046 | +€284 | +10.3% |
| Deferred charges and accrued income | 490/1 | €1,035 | €669 | -€366 | -35.4% |
| Total equity and liabilities | 10/49 | €52,869 | €51,456 | -€1,413 | -2.7% |
| Equity | 10/15 | -€29,152 | €14,398 | +€43,549 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,752 | -€4,202 | +€43,549 | +91.2% |
| Amounts payable | 17/49 | €82,020 | €37,058 | -€44,962 | -54.8% |
| Amounts payable after more than one year | 17 | €13,310 | €8,334 | -€4,976 | -37.4% |
| Financial debts | 170/4 | €13,310 | €8,334 | -€4,976 | -37.4% |
| Amounts payable within one year | 42/48 | €68,710 | €25,204 | -€43,506 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | €8,888 | €4,976 | -€3,911 | -44.0% |
| Financial debts | 43 | €1,942 | €0 | -€1,942 | -100% |
| Credit institutions | 430/8 | €1,942 | €0 | -€1,942 | -100% |
| Trade debts | 44 | €17,233 | €493 | -€16,740 | -97.1% |
| Suppliers | 440/4 | €17,233 | €493 | -€16,740 | -97.1% |
| Taxes, remuneration and social security | 45 | €13,396 | €12,325 | -€1,071 | -8.0% |
| Taxes | 450/3 | €9,558 | €11,253 | +€1,694 | +17.7% |
| Remuneration and social security | 454/9 | €3,837 | €1,072 | -€2,765 | -72.1% |
| Other amounts payable | 47/48 | €27,252 | €7,410 | -€19,842 | -72.8% |
| Accrued charges and deferred income | 492/3 | - | €3,520 | +€3,520 | |
| Remuneration, social security and pensions | 62 | €48,957 | €36,773 | -€12,184 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,392 | €7,842 | +€1,449 | +22.7% |
| Other operating charges | 640/8 | €922 | €2,319 | +€1,397 | +152% |
| Gross operating margin | 9900 | €84,030 | €105,405 | +€21,375 | +25.4% |
| Operating profit (loss) | 9901 | €27,759 | €58,472 | +€30,713 | +111% |
| Financial income | 75/76B | €35 | €27 | -€8 | -23.9% |
| Recurring financial income | 75 | €35 | €27 | -€8 | -23.9% |
| Financial charges | 65/66B | €6,463 | €2,521 | -€3,942 | -61.0% |
| Recurring financial charges | 65 | €6,463 | €2,521 | -€3,942 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €21,331 | €55,978 | +€34,647 | +162% |
| Income taxes | 67/77 | €254 | €5,019 | +€4,765 | +1,874% |
| Profit (loss) for the period | 9904 | €21,077 | €50,959 | +€29,882 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €21,077 | €50,959 | +€29,882 | +142% |
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.