Flat World Business: 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.
Flat World Business
Largest movements
- Stocks and contracts -€5,648
down €5,648 (-95.8%), from €5,893 to €245
- Receivables within one year -€1,529
down €1,529 (-36.7%), from €4,165 to €2,637
of which Other amounts receivable: -€949
- Cash +€909
up €909 (+9.3%), from €9,789 to €10,698
mainly Stocks and contracts (+€5,648) and Contributions, distributions and other (+€3,000)
- Reserves -€6,185
down €6,185 (-59.4%), from €10,417 to €4,232
- Contributions +€3,000
up €3,000 (+48.4%), from €6,200 to €9,200
- Trade debts -€1,263
down €1,263 (-26.7%), from €4,736 to €3,473
- Debts after one year -€1,141
no longer reported in 2025 (was €1,141)
- Current portion of long-term debt -€496
down €496 (-30.3%), from €1,636 to €1,141
- Gross operating margin -€7,160
down €7,160, from €4,063 to -€3,097
- Other operating charges -€1,114
down €1,114 (-66.0%), from €1,687 to €573
- Taxes -€394
down €394 (-76.1%), from €517 to €124
- Financial charges +€149
up €149 (+14.2%), from €1,047 to €1,196
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 | €24,247 | €18,170 | -€6,078 | -25.1% |
| Fixed assets | 21/28 | €4,400 | €4,590 | +€190 | +4.3% |
| Tangible fixed assets | 22/27 | €4,400 | €4,590 | +€190 | +4.3% |
| Plant, machinery and equipment | 23 | €908 | €2,063 | +€1,155 | +127% |
| Furniture and vehicles | 24 | €3,492 | €2,526 | -€966 | -27.7% |
| Current assets | 29/58 | €19,847 | €13,580 | -€6,267 | -31.6% |
| Stocks and contracts in progress | 3 | €5,893 | €245 | -€5,648 | -95.8% |
| Stocks | 30/36 | €5,893 | €245 | -€5,648 | -95.8% |
| Amounts receivable within one year | 40/41 | €4,165 | €2,637 | -€1,529 | -36.7% |
| Trade receivables | 40 | €2,773 | €2,193 | -€580 | -20.9% |
| Other amounts receivable | 41 | €1,392 | €444 | -€949 | -68.1% |
| Cash at bank and in hand | 54/58 | €9,789 | €10,698 | +€909 | +9.3% |
| Total equity and liabilities | 10/49 | €24,247 | €18,170 | -€6,078 | -25.1% |
| Equity | 10/15 | €16,617 | €13,432 | -€3,185 | -19.2% |
| Contributions | 10/11 | €6,200 | €9,200 | +€3,000 | +48.4% |
| Reserves | 13 | €10,417 | €4,232 | -€6,185 | -59.4% |
| Distributable reserves | 133 | €10,417 | €4,232 | -€6,185 | -59.4% |
| Amounts payable | 17/49 | €7,630 | €4,737 | -€2,893 | -37.9% |
| Amounts payable after more than one year | 17 | €1,141 | - | -€1,141 | |
| Financial debts | 170/4 | €1,141 | - | -€1,141 | |
| Amounts payable within one year | 42/48 | €6,490 | €4,737 | -€1,752 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €1,636 | €1,141 | -€496 | -30.3% |
| Trade debts | 44 | €4,736 | €3,473 | -€1,263 | -26.7% |
| Suppliers | 440/4 | €4,736 | €3,473 | -€1,263 | -26.7% |
| Taxes, remuneration and social security | 45 | €117 | €124 | +€6 | +5.1% |
| Taxes | 450/3 | €117 | €124 | +€6 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,181 | €1,196 | +€15 | +1.3% |
| Other operating charges | 640/8 | €1,687 | €573 | -€1,114 | -66.0% |
| Gross operating margin | 9900 | €4,063 | -€3,097 | -€7,160 | |
| Operating profit (loss) | 9901 | €1,195 | -€4,865 | -€6,061 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,047 | €1,196 | +€149 | +14.2% |
| Recurring financial charges | 65 | €1,047 | €1,196 | +€149 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €149 | -€6,061 | -€6,210 | |
| Income taxes | 67/77 | €517 | €124 | -€394 | -76.1% |
| Profit (loss) for the period | 9904 | -€369 | -€6,185 | -€5,816 | -1,577% |
| Profit (loss) for the period to be appropriated | 9905 | -€369 | -€6,185 | -€5,816 | -1,577% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.