FLAWAAL: 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.
FLAWAAL
Largest movements
- Current investments +€300,986
new in 2025: €300,986
- Cash -€51,453
down €51,453 (-59.5%), from €86,526 to €35,074
mainly Current investments (-€300,986) and Trade debts (-€2,068)
- Receivables within one year -€6,897
down €6,897 (-27.5%), from €25,070 to €18,173
- Reserves +€216,000
up €216,000 (+263.4%), from €82,000 to €298,000
- Tax, wage and social debts +€24,215
up €24,215 (+75.6%), from €32,039 to €56,254
- Gross operating margin +€244,905
up €244,905 (+300.8%), from €81,407 to €326,312
- Taxes +€75,990
up €75,990 (+257.0%), from €29,572 to €105,561
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 | €122,360 | €364,009 | +€241,649 | +197.5% |
| Fixed assets | 21/28 | €5,443 | €5,557 | +€114 | +2.1% |
| Tangible fixed assets | 22/27 | €5,443 | €5,557 | +€114 | +2.1% |
| Plant, machinery and equipment | 23 | €5,443 | €4,244 | -€1,199 | -22.0% |
| Furniture and vehicles | 24 | - | €1,313 | +€1,313 | |
| Current assets | 29/58 | €116,917 | €358,452 | +€241,535 | +206.6% |
| Stocks and contracts in progress | 3 | €2,704 | €888 | -€1,816 | -67.2% |
| Stocks | 30/36 | €2,704 | €888 | -€1,816 | -67.2% |
| Amounts receivable within one year | 40/41 | €25,070 | €18,173 | -€6,897 | -27.5% |
| Trade receivables | 40 | €25,070 | €18,173 | -€6,897 | -27.5% |
| Current investments | 50/53 | - | €300,986 | +€300,986 | |
| Cash at bank and in hand | 54/58 | €86,526 | €35,074 | -€51,453 | -59.5% |
| Deferred charges and accrued income | 490/1 | €2,617 | €3,332 | +€715 | +27.3% |
| Total equity and liabilities | 10/49 | €122,360 | €364,009 | +€241,649 | +197.5% |
| Equity | 10/15 | €83,806 | €300,763 | +€216,956 | +258.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €82,000 | €298,000 | +€216,000 | +263.4% |
| Distributable reserves | 133 | €82,000 | €298,000 | +€216,000 | +263.4% |
| Profit (loss) carried forward | 14 | €806 | €1,763 | +€956 | +118.6% |
| Amounts payable | 17/49 | €38,554 | €63,246 | +€24,692 | +64.0% |
| Amounts payable within one year | 42/48 | €38,554 | €62,570 | +€24,016 | +62.3% |
| Trade debts | 44 | €5,418 | €3,351 | -€2,068 | -38.2% |
| Suppliers | 440/4 | €5,418 | €3,351 | -€2,068 | -38.2% |
| Taxes, remuneration and social security | 45 | €32,039 | €56,254 | +€24,215 | +75.6% |
| Taxes | 450/3 | €32,039 | €56,254 | +€24,215 | +75.6% |
| Other amounts payable | 47/48 | €1,097 | €2,966 | +€1,869 | +170.5% |
| Accrued charges and deferred income | 492/3 | - | €676 | +€676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €1,249 | +€695 | +125.5% |
| Other operating charges | 640/8 | €30 | €30 | = | 0.0% |
| Gross operating margin | 9900 | €81,407 | €326,312 | +€244,905 | +300.8% |
| Operating profit (loss) | 9901 | €80,823 | €325,032 | +€244,210 | +302.2% |
| Financial income | 75/76B | €0 | €1,053 | +€1,052 | +526185.0% |
| Recurring financial income | 75 | €0 | €1,053 | +€1,052 | +526185.0% |
| Financial charges | 65/66B | €3,082 | €3,567 | +€486 | +15.8% |
| Recurring financial charges | 65 | €3,082 | €3,567 | +€486 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €77,742 | €322,518 | +€244,776 | +314.9% |
| Income taxes | 67/77 | €29,572 | €105,561 | +€75,990 | +257.0% |
| Profit (loss) for the period | 9904 | €48,170 | €216,956 | +€168,786 | +350.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,170 | €216,956 | +€168,786 | +350.4% |
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 12 October 2026 via checked.be.