Flatiron: 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.
Flatiron
Largest movements
- Cash -€25,908
down €25,908 (-79.6%), from €32,530 to €6,622
mainly Other debts (-€25,502) and Receivables within one year (-€11,348)
- Tangible fixed assets -€17,858
down €17,858 (-15.5%), from €115,015 to €97,157
of which Land and buildings: -€10,644
- Receivables within one year +€11,348
up €11,348 (+48.4%), from €23,461 to €34,809
of which Trade receivables: +€15,333
- Stocks and contracts -€4,380
down €4,380 (-18.9%), from €23,140 to €18,759
- Deferred charges and accrued income +€2,760
up €2,760 (+169.9%), from €1,624 to €4,384
- Other debts -€25,502
down €25,502 (-27.4%), from €92,957 to €67,455
- Debts after one year -€10,149
down €10,149 (-16.1%), from €63,080 to €52,931
- Trade debts -€2,847
down €2,847 (-59.9%), from €4,756 to €1,910
- Tax, wage and social debts +€2,430
up €2,430 (+73.1%), from €3,325 to €5,755
- Gross operating margin +€19,779
up €19,779 (+273.3%), from €7,238 to €27,017
- Depreciation +€982
up €982 (+5.0%), from €19,587 to €20,569
- Other operating charges -€725
down €725 (-28.8%), from €2,515 to €1,790
- Financial charges -€491
down €491 (-11.1%), from €4,407 to €3,916
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 | €196,215 | €162,216 | -€33,998 | -17.3% |
| Fixed assets | 21/28 | €115,460 | €97,643 | -€17,818 | -15.4% |
| Tangible fixed assets | 22/27 | €115,015 | €97,157 | -€17,858 | -15.5% |
| Land and buildings | 22 | €63,937 | €53,293 | -€10,644 | -16.6% |
| Plant, machinery and equipment | 23 | €17,261 | €14,118 | -€3,142 | -18.2% |
| Furniture and vehicles | 24 | €382 | €232 | -€150 | -39.2% |
| Other tangible fixed assets | 26 | €33,435 | €29,514 | -€3,922 | -11.7% |
| Financial fixed assets | 28 | €446 | €486 | +€40 | +9.0% |
| Current assets | 29/58 | €80,754 | €64,574 | -€16,181 | -20.0% |
| Stocks and contracts in progress | 3 | €23,140 | €18,759 | -€4,380 | -18.9% |
| Stocks | 30/36 | €23,140 | €18,759 | -€4,380 | -18.9% |
| Amounts receivable within one year | 40/41 | €23,461 | €34,809 | +€11,348 | +48.4% |
| Trade receivables | 40 | €19,387 | €34,720 | +€15,333 | +79.1% |
| Other amounts receivable | 41 | €4,073 | €89 | -€3,984 | -97.8% |
| Cash at bank and in hand | 54/58 | €32,530 | €6,622 | -€25,908 | -79.6% |
| Deferred charges and accrued income | 490/1 | €1,624 | €4,384 | +€2,760 | +169.9% |
| Total equity and liabilities | 10/49 | €196,215 | €162,216 | -€33,998 | -17.3% |
| Equity | 10/15 | €16,152 | €16,918 | +€766 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,983 | €44,983 | = | 0.0% |
| Distributable reserves | 133 | €44,983 | €44,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,432 | -€46,665 | +€766 | +1.6% |
| Amounts payable | 17/49 | €180,063 | €145,298 | -€34,765 | -19.3% |
| Amounts payable after more than one year | 17 | €63,080 | €52,931 | -€10,149 | -16.1% |
| Financial debts | 170/4 | €63,080 | €52,931 | -€10,149 | -16.1% |
| Amounts payable within one year | 42/48 | €111,380 | €85,812 | -€25,568 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €10,008 | €10,149 | +€141 | +1.4% |
| Financial debts | 43 | €333 | €543 | +€210 | +63.1% |
| Credit institutions | 430/8 | €333 | €543 | +€210 | +63.1% |
| Trade debts | 44 | €4,756 | €1,910 | -€2,847 | -59.9% |
| Suppliers | 440/4 | €4,756 | €1,910 | -€2,847 | -59.9% |
| Taxes, remuneration and social security | 45 | €3,325 | €5,755 | +€2,430 | +73.1% |
| Taxes | 450/3 | €3,325 | €5,755 | +€2,430 | +73.1% |
| Other amounts payable | 47/48 | €92,957 | €67,455 | -€25,502 | -27.4% |
| Accrued charges and deferred income | 492/3 | €5,603 | €6,556 | +€953 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,587 | €20,569 | +€982 | +5.0% |
| Other operating charges | 640/8 | €2,515 | €1,790 | -€725 | -28.8% |
| Gross operating margin | 9900 | €7,238 | €27,017 | +€19,779 | +273.3% |
| Operating profit (loss) | 9901 | -€14,864 | €4,659 | +€19,523 | |
| Financial income | 75/76B | - | €187 | +€187 | |
| Recurring financial income | 75 | - | €187 | +€187 | |
| Financial charges | 65/66B | €4,407 | €3,916 | -€491 | -11.1% |
| Recurring financial charges | 65 | €4,407 | €3,916 | -€491 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,271 | €929 | +€20,200 | |
| Income taxes | 67/77 | €105 | €162 | +€58 | +55.1% |
| Profit (loss) for the period | 9904 | -€19,376 | €766 | +€20,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,376 | €766 | +€20,142 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.