FLAVOR VAPERS: what changed
FLAVOR VAPERS
Largest movements
- Tangible fixed assets +€299,334
up €299,334 (+92.5%), from €323,716 to €623,049
of which Land and buildings: +€312,939
- Receivables within one year -€29,298
down €29,298 (-66.1%), from €44,350 to €15,052
of which Other amounts receivable: -€31,071
- Cash -€26,487
down €26,487 (-20.8%), from €127,426 to €100,939
mainly Investment in fixed assets (net) (-€316,078) and Stocks and contracts (-€15,053)
- Stocks and contracts +€15,053
up €15,053 (+25.7%), from €58,590 to €73,644
- Debts after one year +€230,750
new in 2025: €230,750
of which Financial debts: +€230,000
- Reserves +€38,753
up €38,753 (+18.7%), from €207,052 to €245,805
- Tax, wage and social debts -€12,396
down €12,396 (-43.5%), from €28,467 to €16,071
- Gross operating margin -€25,863
down €25,863 (-10.1%), from €255,026 to €229,163
- Taxes -€9,164
down €9,164 (-45.7%), from €20,043 to €10,879
- Other operating charges +€8,370
up €8,370 (+5.5%), from €151,210 to €159,580
- Financial charges +€3,285
up €3,285 (+264%), from €1,245 to €4,530
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,215 | €817,374 | +€259,159 | +46.4% |
| Fixed assets | 21/28 | €323,716 | €623,049 | +€299,334 | +92.5% |
| Tangible fixed assets | 22/27 | €323,716 | €623,049 | +€299,334 | +92.5% |
| Land and buildings | 22 | €300,744 | €613,683 | +€312,939 | +104% |
| Plant, machinery and equipment | 23 | €10,075 | €7,442 | -€2,633 | -26.1% |
| Furniture and vehicles | 24 | €12,897 | €1,925 | -€10,972 | -85.1% |
| Current assets | 29/58 | €234,500 | €194,325 | -€40,175 | -17.1% |
| Stocks and contracts in progress | 3 | €58,590 | €73,644 | +€15,053 | +25.7% |
| Stocks | 30/36 | €58,590 | €73,644 | +€15,053 | +25.7% |
| Amounts receivable within one year | 40/41 | €44,350 | €15,052 | -€29,298 | -66.1% |
| Trade receivables | 40 | €3,181 | €4,954 | +€1,773 | +55.7% |
| Other amounts receivable | 41 | €41,169 | €10,098 | -€31,071 | -75.5% |
| Cash at bank and in hand | 54/58 | €127,426 | €100,939 | -€26,487 | -20.8% |
| Deferred charges and accrued income | 490/1 | €4,133 | €4,690 | +€557 | +13.5% |
| Total equity and liabilities | 10/49 | €558,215 | €817,374 | +€259,159 | +46.4% |
| Equity | 10/15 | €527,512 | €566,265 | +€38,753 | +7.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €207,052 | €245,805 | +€38,753 | +18.7% |
| Distributable reserves | 133 | €207,052 | €245,805 | +€38,753 | +18.7% |
| Amounts payable | 17/49 | €30,703 | €251,109 | +€220,406 | +718% |
| Amounts payable after more than one year | 17 | - | €230,750 | +€230,750 | |
| Financial debts | 170/4 | - | €230,000 | +€230,000 | |
| Other amounts payable | 178/9 | - | €750 | +€750 | |
| Amounts payable within one year | 42/48 | €30,703 | €20,359 | -€10,344 | -33.7% |
| Trade debts | 44 | €2,236 | €4,288 | +€2,052 | +91.8% |
| Suppliers | 440/4 | €2,236 | €4,288 | +€2,052 | +91.8% |
| Taxes, remuneration and social security | 45 | €28,467 | €16,071 | -€12,396 | -43.5% |
| Taxes | 450/3 | €28,467 | €16,071 | -€12,396 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,950 | €16,744 | +€1,794 | +12.0% |
| Other operating charges | 640/8 | €151,210 | €159,580 | +€8,370 | +5.5% |
| Gross operating margin | 9900 | €255,026 | €229,163 | -€25,863 | -10.1% |
| Operating profit (loss) | 9901 | €88,865 | €52,839 | -€36,027 | -40.5% |
| Financial income | 75/76B | €2,207 | €1,323 | -€884 | -40.0% |
| Recurring financial income | 75 | €2,207 | €1,323 | -€884 | -40.0% |
| Financial charges | 65/66B | €1,245 | €4,530 | +€3,285 | +264% |
| Recurring financial charges | 65 | €1,245 | €4,530 | +€3,285 | +264% |
| Profit (loss) for the period before taxes | 9903 | €89,827 | €49,632 | -€40,195 | -44.7% |
| Income taxes | 67/77 | €20,043 | €10,879 | -€9,164 | -45.7% |
| Profit (loss) for the period | 9904 | €69,784 | €38,753 | -€31,032 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,784 | €38,753 | -€31,032 | -44.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.