Flavo: 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.
Flavo
Largest movements
- Receivables after one year -€17,546
down €17,546 (-96.0%), from €18,281 to €735
- Receivables within one year +€11,201
up €11,201 (+30.0%), from €37,290 to €48,491
of which Trade receivables: +€14,836
- Cash -€7,672
down €7,672 (-24.8%), from €30,999 to €23,326
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€11,201)
- Tangible fixed assets +€4,249
up €4,249 (+44.5%), from €9,542 to €13,792
of which Other tangible fixed assets: +€5,776
- Deferred charges and accrued income -€1,310
down €1,310 (-18.0%), from €7,269 to €5,958
- Reserves -€27,841
down €27,841 (-76.1%), from €36,596 to €8,755
- Other debts +€10,613
up €10,613 (+23.6%), from €45,000 to €55,613
- Tax, wage and social debts +€4,566
up €4,566 (+41.1%), from €11,104 to €15,670
of which Taxes: +€2,569
- Trade debts +€2,388
up €2,388 (+144.6%), from €1,652 to €4,039
- Gross operating margin +€19,631
up €19,631 (+27.4%), from €71,703 to €91,334
- Taxes +€5,277
up €5,277 (+37.6%), from €14,047 to €19,324
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 | €103,531 | €92,452 | -€11,079 | -10.7% |
| Fixed assets | 21/28 | €9,692 | €13,942 | +€4,249 | +43.8% |
| Tangible fixed assets | 22/27 | €9,542 | €13,792 | +€4,249 | +44.5% |
| Plant, machinery and equipment | 23 | €3,316 | €3,384 | +€68 | +2.0% |
| Furniture and vehicles | 24 | €5,353 | €3,758 | -€1,595 | -29.8% |
| Other tangible fixed assets | 26 | €873 | €6,649 | +€5,776 | +661.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €93,839 | €78,510 | -€15,328 | -16.3% |
| Amounts receivable after more than one year | 29 | €18,281 | €735 | -€17,546 | -96.0% |
| Other amounts receivable | 291 | €18,281 | €735 | -€17,546 | -96.0% |
| Amounts receivable within one year | 40/41 | €37,290 | €48,491 | +€11,201 | +30.0% |
| Trade receivables | 40 | €33,655 | €48,491 | +€14,836 | +44.1% |
| Other amounts receivable | 41 | €3,635 | - | -€3,635 | |
| Cash at bank and in hand | 54/58 | €30,999 | €23,326 | -€7,672 | -24.8% |
| Deferred charges and accrued income | 490/1 | €7,269 | €5,958 | -€1,310 | -18.0% |
| Total equity and liabilities | 10/49 | €103,531 | €92,452 | -€11,079 | -10.7% |
| Equity | 10/15 | €41,596 | €13,755 | -€27,841 | -66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,596 | €8,755 | -€27,841 | -76.1% |
| Distributable reserves | 133 | €36,596 | €8,755 | -€27,841 | -76.1% |
| Amounts payable | 17/49 | €61,935 | €78,697 | +€16,762 | +27.1% |
| Amounts payable within one year | 42/48 | €61,935 | €78,697 | +€16,762 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €4,179 | €3,374 | -€805 | -19.3% |
| Trade debts | 44 | €1,652 | €4,039 | +€2,388 | +144.6% |
| Suppliers | 440/4 | €1,652 | €4,039 | +€2,388 | +144.6% |
| Taxes, remuneration and social security | 45 | €11,104 | €15,670 | +€4,566 | +41.1% |
| Taxes | 450/3 | €10,240 | €12,809 | +€2,569 | +25.1% |
| Remuneration and social security | 454/9 | €864 | €2,861 | +€1,997 | +231.0% |
| Other amounts payable | 47/48 | €45,000 | €55,613 | +€10,613 | +23.6% |
| Non-recurring operating income | 76A | €6,622 | - | -€6,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,634 | €5,414 | +€780 | +16.8% |
| Other operating charges | 640/8 | €1,116 | €988 | -€127 | -11.4% |
| Gross operating margin | 9900 | €71,703 | €91,334 | +€19,631 | +27.4% |
| Operating profit (loss) | 9901 | €65,953 | €84,932 | +€18,979 | +28.8% |
| Financial income | 75/76B | €377 | €404 | +€27 | +7.2% |
| Recurring financial income | 75 | €377 | €404 | +€27 | +7.2% |
| Financial charges | 65/66B | €3,492 | €3,853 | +€361 | +10.3% |
| Recurring financial charges | 65 | €3,492 | €3,853 | +€361 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €62,837 | €81,483 | +€18,645 | +29.7% |
| Income taxes | 67/77 | €14,047 | €19,324 | +€5,277 | +37.6% |
| Profit (loss) for the period | 9904 | €48,791 | €62,159 | +€13,368 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,791 | €62,159 | +€13,368 | +27.4% |
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 9 October 2026 via checked.be.