FLANDRIENS: what changed
FLANDRIENS
Largest movements
- Stocks and contracts +€23,880
up €23,880 (+102%), from €23,492 to €47,372
- Cash -€8,718
down €8,718 (-43.3%), from €20,133 to €11,415
mainly Stocks and contracts (-€23,880) and Trade debts (-€10,503)
- Receivables within one year +€2,036
up €2,036 (+13.5%), from €15,132 to €17,168
of which Other amounts receivable: +€4,623
- Deferred charges and accrued income +€821
up €821 (+39,455%), from €2 to €823
- Reserves +€13,473
new in 2025: €13,473
- Other debts +€11,067
up €11,067 (+73.8%), from €15,000 to €26,067
- Trade debts -€10,503
down €10,503 (-77.7%), from €13,519 to €3,016
- Tax, wage and social debts +€3,773
up €3,773 (+5,552%), from €68 to €3,841
- Gross operating margin +€16,504
up €16,504 (+539%), from €3,065 to €19,568
- Taxes +€3,809
up €3,809 (+11,778%), from €32 to €3,841
- Depreciation -€719
down €719 (-76.6%), from €938 to €219
- Other operating charges -€372
down €372 (-45.0%), from €827 to €455
- Financial charges -€355
down €355 (-22.1%), from €1,606 to €1,251
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,776 | €77,576 | +€17,799 | +29.8% |
| Fixed assets | 21/28 | €1,017 | €798 | -€219 | -21.5% |
| Tangible fixed assets | 22/27 | €1,017 | €798 | -€219 | -21.5% |
| Furniture and vehicles | 24 | €1,017 | €798 | -€219 | -21.5% |
| Current assets | 29/58 | €58,759 | €76,778 | +€18,018 | +30.7% |
| Stocks and contracts in progress | 3 | €23,492 | €47,372 | +€23,880 | +102% |
| Stocks | 30/36 | €23,492 | €47,372 | +€23,880 | +102% |
| Amounts receivable within one year | 40/41 | €15,132 | €17,168 | +€2,036 | +13.5% |
| Trade receivables | 40 | €15,132 | €12,545 | -€2,587 | -17.1% |
| Other amounts receivable | 41 | - | €4,623 | +€4,623 | |
| Cash at bank and in hand | 54/58 | €20,133 | €11,415 | -€8,718 | -43.3% |
| Deferred charges and accrued income | 490/1 | €2 | €823 | +€821 | +39,455% |
| Total equity and liabilities | 10/49 | €59,776 | €77,576 | +€17,799 | +29.8% |
| Equity | 10/15 | €29,662 | €43,473 | +€13,811 | +46.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €13,473 | +€13,473 | |
| Distributable reserves | 133 | - | €13,473 | +€13,473 | |
| Profit (loss) carried forward | 14 | -€338 | €0 | +€338 | |
| Amounts payable | 17/49 | €30,115 | €34,103 | +€3,988 | +13.2% |
| Amounts payable within one year | 42/48 | €28,587 | €32,924 | +€4,337 | +15.2% |
| Trade debts | 44 | €13,519 | €3,016 | -€10,503 | -77.7% |
| Suppliers | 440/4 | €13,519 | €3,016 | -€10,503 | -77.7% |
| Taxes, remuneration and social security | 45 | €68 | €3,841 | +€3,773 | +5,552% |
| Taxes | 450/3 | €68 | €3,841 | +€3,773 | +5,552% |
| Other amounts payable | 47/48 | €15,000 | €26,067 | +€11,067 | +73.8% |
| Accrued charges and deferred income | 492/3 | €1,528 | €1,179 | -€349 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €938 | €219 | -€719 | -76.6% |
| Other operating charges | 640/8 | €827 | €455 | -€372 | -45.0% |
| Gross operating margin | 9900 | €3,065 | €19,568 | +€16,504 | +539% |
| Operating profit (loss) | 9901 | €1,300 | €18,895 | +€17,595 | +1,353% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €1,606 | €1,251 | -€355 | -22.1% |
| Recurring financial charges | 65 | €1,606 | €1,251 | -€355 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€306 | €17,653 | +€17,959 | |
| Income taxes | 67/77 | €32 | €3,841 | +€3,809 | +11,778% |
| Profit (loss) for the period | 9904 | -€338 | €13,811 | +€14,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€338 | €13,811 | +€14,150 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.