Flavory: what changed
Two fiscal 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.
Flavory
Largest movements
- Cash +€29,268
up €29,268 (+107.9%), from €27,129 to €56,397
mainly Other debts (+€62,449) and Trade debts (+€45,102)
- Receivables within one year +€26,669
up €26,669 (+72.1%), from €37,002 to €63,671
of which Trade receivables: +€31,173
- Stocks and contracts -€24,961
down €24,961 (-28.6%), from €87,203 to €62,242
- Intangible fixed assets -€10,321
down €10,321 (-47.9%), from €21,556 to €11,235
- Profit (loss) carried forward -€91,334
down €91,334 (-59.8%), from -€152,713 to -€244,047
- Other debts +€62,449
up €62,449 (+34.9%), from €178,852 to €241,301
- Trade debts +€45,102
up €45,102 (+120.6%), from €37,404 to €82,506
- Debts after one year -€10,025
down €10,025 (-19.9%), from €50,466 to €40,441
- Current portion of long-term debt +€10,025
up €10,025 (+102.4%), from €9,795 to €19,820
- Gross operating margin +€7,515
up €7,515 (+8.8%), from -€85,183 to -€77,668
- Financial charges +€890
up €890 (+128.2%), from €694 to €1,583
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 | €174,377 | €194,383 | +€20,006 | +11.5% |
| Fixed assets | 21/28 | €22,546 | €11,565 | -€10,981 | -48.7% |
| Intangible fixed assets | 21 | €21,556 | €11,235 | -€10,321 | -47.9% |
| Tangible fixed assets | 22/27 | €660 | - | -€660 | |
| Furniture and vehicles | 24 | €660 | - | -€660 | |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €151,831 | €182,818 | +€30,987 | +20.4% |
| Stocks and contracts in progress | 3 | €87,203 | €62,242 | -€24,961 | -28.6% |
| Stocks | 30/36 | €87,203 | €62,242 | -€24,961 | -28.6% |
| Amounts receivable within one year | 40/41 | €37,002 | €63,671 | +€26,669 | +72.1% |
| Trade receivables | 40 | €26,169 | €57,342 | +€31,173 | +119.1% |
| Other amounts receivable | 41 | €10,833 | €6,330 | -€4,503 | -41.6% |
| Cash at bank and in hand | 54/58 | €27,129 | €56,397 | +€29,268 | +107.9% |
| Deferred charges and accrued income | 490/1 | €497 | €507 | +€10 | +2.0% |
| Total equity and liabilities | 10/49 | €174,377 | €194,383 | +€20,006 | +11.5% |
| Equity | 10/15 | -€111,537 | -€202,871 | -€91,334 | -81.9% |
| Contributions | 10/11 | €41,176 | €41,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,713 | -€244,047 | -€91,334 | -59.8% |
| Amounts payable | 17/49 | €285,914 | €397,254 | +€111,340 | +38.9% |
| Amounts payable after more than one year | 17 | €50,466 | €40,441 | -€10,025 | -19.9% |
| Other amounts payable | 178/9 | €50,466 | €40,441 | -€10,025 | -19.9% |
| Amounts payable within one year | 42/48 | €235,448 | €355,884 | +€120,436 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €9,795 | €19,820 | +€10,025 | +102.4% |
| Trade debts | 44 | €37,404 | €82,506 | +€45,102 | +120.6% |
| Suppliers | 440/4 | €37,404 | €82,506 | +€45,102 | +120.6% |
| Advances received on contracts in progress | 46 | €7,211 | €5,638 | -€1,574 | -21.8% |
| Taxes, remuneration and social security | 45 | €2,186 | €6,619 | +€4,433 | +202.8% |
| Taxes | 450/3 | €2,186 | €6,619 | +€4,433 | +202.8% |
| Other amounts payable | 47/48 | €178,852 | €241,301 | +€62,449 | +34.9% |
| Accrued charges and deferred income | 492/3 | - | €930 | +€930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,724 | €10,981 | +€257 | +2.4% |
| Other operating charges | 640/8 | €1,425 | €1,059 | -€366 | -25.7% |
| Gross operating margin | 9900 | -€85,183 | -€77,668 | +€7,515 | +8.8% |
| Operating profit (loss) | 9901 | -€97,332 | -€89,708 | +€7,624 | +7.8% |
| Financial income | 75/76B | €6 | €168 | +€162 | +2542.9% |
| Recurring financial income | 75 | €6 | €168 | +€162 | +2542.9% |
| Financial charges | 65/66B | €694 | €1,583 | +€890 | +128.2% |
| Recurring financial charges | 65 | €694 | €1,583 | +€890 | +128.2% |
| Profit (loss) for the period before taxes | 9903 | -€98,020 | -€91,124 | +€6,896 | +7.0% |
| Income taxes | 67/77 | €160 | €211 | +€50 | +31.3% |
| Profit (loss) for the period | 9904 | -€98,180 | -€91,334 | +€6,846 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,180 | -€91,334 | +€6,846 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.