FLASHLETTERS: 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.
FLASHLETTERS
Largest movements
- Intangible fixed assets -€7,145
down €7,145 (-21.4%), from €33,328 to €26,183
- Tangible fixed assets -€4,682
down €4,682 (-29.2%), from €16,051 to €11,369
of which Plant, machinery and equipment: -€4,036
- Cash -€1,507
down €1,507 (-11.1%), from €13,611 to €12,103
mainly Debts after one year (-€28,333) and Trade debts (-€17,563)
- Debts after one year -€28,333
no longer reported in 2025 (was €28,333)
- Trade debts -€17,563
down €17,563 (-25.1%), from €70,105 to €52,542
- Current portion of long-term debt +€17,500
new in 2025: €17,500
- Other debts +€14,282
up €14,282 (+40.3%), from €35,414 to €49,696
- Profit (loss) carried forward +€7,973
up €7,973 (+20.8%), from -€38,282 to -€30,310
- Gross operating margin +€37,634
up €37,634 (+178%), from €21,099 to €58,733
- Staff costs -€21,913
down €21,913 (-36.3%), from €60,298 to €38,385
- Other operating charges -€1,005
down €1,005 (-77.0%), from €1,304 to €300
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 | €126,722 | €113,443 | -€13,279 | -10.5% |
| Fixed assets | 21/28 | €49,379 | €37,553 | -€11,827 | -24.0% |
| Intangible fixed assets | 21 | €33,328 | €26,183 | -€7,145 | -21.4% |
| Tangible fixed assets | 22/27 | €16,051 | €11,369 | -€4,682 | -29.2% |
| Land and buildings | 22 | €4,671 | €4,081 | -€590 | -12.6% |
| Plant, machinery and equipment | 23 | €11,325 | €7,288 | -€4,036 | -35.6% |
| Furniture and vehicles | 24 | €56 | €0 | -€56 | -100% |
| Current assets | 29/58 | €77,342 | €75,891 | -€1,452 | -1.9% |
| Amounts receivable within one year | 40/41 | €63,732 | €63,649 | -€83 | -0.1% |
| Trade receivables | 40 | €57,744 | €58,649 | +€905 | +1.6% |
| Other amounts receivable | 41 | €5,988 | €5,000 | -€988 | -16.5% |
| Cash at bank and in hand | 54/58 | €13,611 | €12,103 | -€1,507 | -11.1% |
| Deferred charges and accrued income | 490/1 | - | €138 | +€138 | |
| Total equity and liabilities | 10/49 | €126,722 | €113,443 | -€13,279 | -10.5% |
| Equity | 10/15 | -€19,442 | -€11,469 | +€7,973 | +41.0% |
| Contributions | 10/11 | €18,841 | €18,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,282 | -€30,310 | +€7,973 | +20.8% |
| Amounts payable | 17/49 | €146,163 | €124,912 | -€21,251 | -14.5% |
| Amounts payable after more than one year | 17 | €28,333 | - | -€28,333 | |
| Financial debts | 170/4 | €28,333 | - | -€28,333 | |
| Amounts payable within one year | 42/48 | €116,196 | €124,912 | +€8,716 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,500 | +€17,500 | |
| Financial debts | 43 | €1,556 | €463 | -€1,093 | -70.2% |
| Other loans | 439 | €1,556 | €463 | -€1,093 | -70.2% |
| Trade debts | 44 | €70,105 | €52,542 | -€17,563 | -25.1% |
| Suppliers | 440/4 | €70,105 | €52,542 | -€17,563 | -25.1% |
| Taxes, remuneration and social security | 45 | €9,122 | €4,711 | -€4,411 | -48.4% |
| Taxes | 450/3 | €1,408 | €4,711 | +€3,303 | +235% |
| Remuneration and social security | 454/9 | €7,714 | - | -€7,714 | |
| Other amounts payable | 47/48 | €35,414 | €49,696 | +€14,282 | +40.3% |
| Accrued charges and deferred income | 492/3 | €1,634 | - | -€1,634 | |
| Remuneration, social security and pensions | 62 | €60,298 | €38,385 | -€21,913 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,105 | €11,827 | -€278 | -2.3% |
| Other operating charges | 640/8 | €1,304 | €300 | -€1,005 | -77.0% |
| Gross operating margin | 9900 | €21,099 | €58,733 | +€37,634 | +178% |
| Operating profit (loss) | 9901 | -€52,608 | €8,221 | +€60,829 | |
| Financial income | 75/76B | €2 | €7 | +€4 | +181% |
| Recurring financial income | 75 | €2 | €7 | +€4 | +181% |
| Financial charges | 65/66B | €270 | €255 | -€15 | -5.5% |
| Recurring financial charges | 65 | €270 | €255 | -€15 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,875 | €7,973 | +€60,848 | |
| Profit (loss) for the period | 9904 | -€52,875 | €7,973 | +€60,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,875 | €7,973 | +€60,848 |
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 17 October 2026 via checked.be.