FLARUS: 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.
FLARUS
Largest movements
- Current investments -€1.1m
down €1.1m (-49.9%), from €2.2m to €1.1m
- Reserves -€544,610
down €544,610 (-29.1%), from €1.9m to €1.3m
of which Distributable reserves: -€544,610
- Other debts -€376,902
down €376,902 (-100.0%), from €376,902 to €0
- Trade debts -€172,259
down €172,259 (-35.5%), from €484,940 to €312,681
- Gross operating margin -€174,352
down €174,352, from €144,604 to -€29,747
- Taxes -€35,792
down €35,792 (-97.5%), from €36,712 to €920
- Financial income +€19,425
up €19,425 (+36.9%), from €52,662 to €72,087
of which Financial income: +€19,425
- Staff costs -€13,529
down €13,529 (-20.1%), from €67,162 to €53,633
- Financial charges +€12,567
up €12,567, from -€4,565 to €8,002
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 | €2,815,603 | €1,703,320 | -€1.1m | -39.5% |
| Fixed assets | 21/28 | €375,845 | €373,191 | -€2,654 | -0.7% |
| Tangible fixed assets | 22/27 | €23,130 | €20,477 | -€2,654 | -11.5% |
| Land and buildings | 22 | €19,946 | €18,198 | -€1,749 | -8.8% |
| Plant, machinery and equipment | 23 | €2,283 | €1,691 | -€592 | -25.9% |
| Furniture and vehicles | 24 | €901 | €588 | -€313 | -34.8% |
| Financial fixed assets | 28 | €352,714 | €352,714 | = | 0.0% |
| Current assets | 29/58 | €2,439,758 | €1,330,129 | -€1.1m | -45.5% |
| Amounts receivable within one year | 40/41 | €99,447 | €99,859 | +€413 | +0.4% |
| Trade receivables | 40 | €96,717 | €29,694 | -€67,023 | -69.3% |
| Other amounts receivable | 41 | €2,729 | €70,165 | +€67,436 | +2470.8% |
| Current investments | 50/53 | €2,208,736 | €1,105,486 | -€1.1m | -49.9% |
| Cash at bank and in hand | 54/58 | €126,568 | €124,784 | -€1,784 | -1.4% |
| Deferred charges and accrued income | 490/1 | €5,007 | €0 | -€5,007 | -100.0% |
| Total equity and liabilities | 10/49 | €2,815,603 | €1,703,320 | -€1.1m | -39.5% |
| Equity | 10/15 | €1,950,010 | €1,380,228 | -€569,782 | -29.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,873,498 | €1,328,888 | -€544,610 | -29.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,865,998 | €1,321,388 | -€544,610 | -29.2% |
| Profit (loss) carried forward | 14 | €1,512 | -€23,660 | -€25,172 | |
| Amounts payable | 17/49 | €865,593 | €323,093 | -€542,500 | -62.7% |
| Amounts payable within one year | 42/48 | €865,593 | €322,094 | -€543,499 | -62.8% |
| Trade debts | 44 | €484,940 | €312,681 | -€172,259 | -35.5% |
| Suppliers | 440/4 | €484,940 | €312,681 | -€172,259 | -35.5% |
| Taxes, remuneration and social security | 45 | €3,751 | €9,413 | +€5,662 | +150.9% |
| Taxes | 450/3 | €236 | €3,136 | +€2,900 | +1226.2% |
| Remuneration and social security | 454/9 | €3,515 | €6,277 | +€2,762 | +78.6% |
| Other amounts payable | 47/48 | €376,902 | €0 | -€376,902 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | €67,162 | €53,633 | -€13,529 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,727 | €2,654 | -€1,073 | -28.8% |
| Other operating charges | 640/8 | €2,161 | €2,302 | +€141 | +6.5% |
| Gross operating margin | 9900 | €144,604 | -€29,747 | -€174,352 | |
| Operating profit (loss) | 9901 | €71,554 | -€88,337 | -€159,891 | |
| Financial income | 75/76B | €52,662 | €72,087 | +€19,425 | +36.9% |
| Recurring financial income | 75 | €52,662 | €72,087 | +€19,425 | +36.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | -€4,565 | €8,002 | +€12,567 | |
| Recurring financial charges | 65 | -€4,565 | €8,002 | +€12,567 | |
| Profit (loss) for the period before taxes | 9903 | €128,780 | -€24,252 | -€153,032 | |
| Income taxes | 67/77 | €36,712 | €920 | -€35,792 | -97.5% |
| Profit (loss) for the period | 9904 | €92,068 | -€25,172 | -€117,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,068 | -€25,172 | -€117,240 |
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 3 October 2026 via checked.be.