Flarno: 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.
Flarno
Largest movements
- Financial fixed assets +€4.7m
up €4.7m (+315.5%), from €1.5m to €6.2m
- Intangible fixed assets +€992,471
new in 2025: €992,471
- Receivables within one year +€234,538
up €234,538 (+3359.3%), from €6,982 to €241,519
of which Other amounts receivable: +€215,998
- Debts after one year +€6.0m
new in 2025: €6.0m
- Depreciation +€76,434
up €76,434 (+4479.7%), from €1,706 to €78,140
- Gross operating margin -€5,848
down €5,848 (-14.6%), from €40,183 to €34,335
- Financial income +€4,701
new in 2025: €4,701
- Financial charges +€2,250
up €2,250 (+10.6%), from €21,282 to €23,531
- Other operating charges +€687
up €687 (+63.3%), from €1,086 to €1,773
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 | €1,523,117 | €7,453,512 | +€5.9m | +389.4% |
| Fixed assets | 21/28 | €1,496,125 | €7,194,890 | +€5.7m | +380.9% |
| Intangible fixed assets | 21 | - | €992,471 | +€992,471 | |
| Tangible fixed assets | 22/27 | €4,125 | €2,419 | -€1,706 | -41.4% |
| Furniture and vehicles | 24 | €4,125 | €2,419 | -€1,706 | -41.4% |
| Financial fixed assets | 28 | €1,492,000 | €6,200,000 | +€4.7m | +315.5% |
| Current assets | 29/58 | €26,991 | €258,622 | +€231,631 | +858.2% |
| Amounts receivable within one year | 40/41 | €6,982 | €241,519 | +€234,538 | +3359.3% |
| Trade receivables | 40 | €0 | €18,539 | +€18,539 | |
| Other amounts receivable | 41 | €6,982 | €222,980 | +€215,998 | +3093.8% |
| Cash at bank and in hand | 54/58 | €20,010 | €11,576 | -€8,433 | -42.1% |
| Deferred charges and accrued income | 490/1 | - | €5,526 | +€5,526 | |
| Total equity and liabilities | 10/49 | €1,523,117 | €7,453,512 | +€5.9m | +389.4% |
| Equity | 10/15 | €762,784 | €693,652 | -€69,132 | -9.1% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,784 | -€6,348 | -€69,132 | |
| Amounts payable | 17/49 | €760,333 | €6,759,860 | +€6.0m | +789.1% |
| Amounts payable after more than one year | 17 | - | €6,000,000 | +€6.0m | |
| Financial debts | 170/4 | - | €6,000,000 | +€6.0m | |
| Amounts payable within one year | 42/48 | €745,468 | €744,635 | -€833 | -0.1% |
| Trade debts | 44 | €975 | €2,051 | +€1,075 | +110.3% |
| Suppliers | 440/4 | €975 | €2,051 | +€1,075 | +110.3% |
| Taxes, remuneration and social security | 45 | €11,493 | €12,884 | +€1,391 | +12.1% |
| Taxes | 450/3 | €11,493 | €12,884 | +€1,391 | +12.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €733,000 | €729,700 | -€3,300 | -0.5% |
| Accrued charges and deferred income | 492/3 | €14,865 | €15,225 | +€360 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,706 | €78,140 | +€76,434 | +4479.7% |
| Other operating charges | 640/8 | €1,086 | €1,773 | +€687 | +63.3% |
| Gross operating margin | 9900 | €40,183 | €34,335 | -€5,848 | -14.6% |
| Operating profit (loss) | 9901 | €37,391 | -€45,578 | -€82,969 | |
| Financial income | 75/76B | - | €4,701 | +€4,701 | |
| Recurring financial income | 75 | - | €4,701 | +€4,701 | |
| Financial charges | 65/66B | €21,282 | €23,531 | +€2,250 | +10.6% |
| Recurring financial charges | 65 | €21,282 | €23,531 | +€2,250 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €16,110 | -€64,408 | -€80,518 | |
| Income taxes | 67/77 | €4,296 | €4,724 | +€428 | +10.0% |
| Profit (loss) for the period | 9904 | €11,814 | -€69,132 | -€80,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,814 | -€69,132 | -€80,945 |
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 11 October 2026 via checked.be.