FLAPIMMO: what changed
Two fiscal 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.
FLAPIMMO
Largest movements
- Tangible fixed assets +€50,685
up €50,685 (+6.4%), from €788,922 to €839,607
of which Land and buildings: +€36,461
- Other debts +€104,500
up €104,500 (+47.5%), from €220,068 to €324,568
- Profit (loss) carried forward -€42,370
down €42,370 (-105.5%), from -€40,179 to -€82,549
- Debts after one year -€19,058
down €19,058 (-5.0%), from €378,588 to €359,530
- Gross operating margin +€4,704
up €4,704, from -€2,248 to €2,456
- Depreciation +€2,611
up €2,611 (+7.4%), from €35,440 to €38,052
- Financial charges -€277
down €277 (-4.2%), from €6,658 to €6,381
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €802,898 | €847,127 | +€44,229 | +5.5% |
| Fixed assets | 21/28 | €788,922 | €839,607 | +€50,685 | +6.4% |
| Tangible fixed assets | 22/27 | €788,922 | €839,607 | +€50,685 | +6.4% |
| Land and buildings | 22 | €704,024 | €740,485 | +€36,461 | +5.2% |
| Plant, machinery and equipment | 23 | €84,898 | €99,122 | +€14,225 | +16.8% |
| Current assets | 29/58 | €13,977 | €7,520 | -€6,456 | -46.2% |
| Cash at bank and in hand | 54/58 | €10,740 | €3,036 | -€7,704 | -71.7% |
| Deferred charges and accrued income | 490/1 | €3,237 | €4,485 | +€1,248 | +38.5% |
| Total equity and liabilities | 10/49 | €802,898 | €847,127 | +€44,229 | +5.5% |
| Equity | 10/15 | €183,272 | €140,902 | -€42,370 | -23.1% |
| Contributions | 10/11 | €219,210 | €219,210 | = | 0.0% |
| Capital | 10 | €219,210 | €219,210 | = | 0.0% |
| Issued capital | 100 | €219,210 | €219,210 | = | 0.0% |
| Reserves | 13 | €4,240 | €4,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,240 | €4,240 | = | 0.0% |
| Legal reserve | 130 | €4,240 | €4,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,179 | -€82,549 | -€42,370 | -105.5% |
| Amounts payable | 17/49 | €619,627 | €706,226 | +€86,599 | +14.0% |
| Amounts payable after more than one year | 17 | €378,588 | €359,530 | -€19,058 | -5.0% |
| Financial debts | 170/4 | €378,588 | €359,530 | -€19,058 | -5.0% |
| Amounts payable within one year | 42/48 | €239,339 | €346,695 | +€107,357 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €18,774 | €19,058 | +€284 | +1.5% |
| Trade debts | 44 | €497 | €3,069 | +€2,572 | +518.0% |
| Suppliers | 440/4 | €497 | €3,069 | +€2,572 | +518.0% |
| Other amounts payable | 47/48 | €220,068 | €324,568 | +€104,500 | +47.5% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1 | -€1,699 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,440 | €38,052 | +€2,611 | +7.4% |
| Other operating charges | 640/8 | €390 | €400 | +€9 | +2.4% |
| Gross operating margin | 9900 | -€2,248 | €2,456 | +€4,704 | |
| Operating profit (loss) | 9901 | -€38,078 | -€35,995 | +€2,083 | +5.5% |
| Financial income | 75/76B | €1 | €9 | +€8 | +799.0% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +799.0% |
| Financial charges | 65/66B | €6,658 | €6,381 | -€277 | -4.2% |
| Recurring financial charges | 65 | €6,658 | €6,381 | -€277 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,736 | -€42,367 | +€2,368 | +5.3% |
| Income taxes | 67/77 | €1 | €3 | +€2 | +138.2% |
| Profit (loss) for the period | 9904 | -€44,737 | -€42,370 | +€2,367 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,737 | -€42,370 | +€2,367 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.