FLAWIND: 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.
FLAWIND
Largest movements
- Tangible fixed assets -€484,809
down €484,809 (-11.0%), from €4.4m to €3.9m
of which Plant, machinery and equipment: -€484,809
- Cash +€294,804
up €294,804 (+45.0%), from €654,753 to €949,557
mainly Depreciation (+€577,671) and Net result for the year (+€494,956)
- Intangible fixed assets -€86,400
down €86,400 (-50.8%), from €169,959 to €83,559
- Receivables within one year -€82,757
down €82,757 (-11.4%), from €726,047 to €643,291
of which Trade receivables: -€118,477
- Debts after one year -€302,500
down €302,500 (-8.9%), from €3.4m to €3.1m
- Profit (loss) carried forward -€105,044
down €105,044 (-6.5%), from €1.6m to €1.5m
- Gross operating margin -€303,187
down €303,187 (-18.7%), from €1.6m to €1.3m
- Taxes -€75,798
down €75,798 (-31.5%), from €240,784 to €164,985
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 | €6,225,491 | €5,862,726 | -€362,764 | -5.8% |
| Fixed assets | 21/28 | €4,579,733 | €4,008,524 | -€571,209 | -12.5% |
| Intangible fixed assets | 21 | €169,959 | €83,559 | -€86,400 | -50.8% |
| Tangible fixed assets | 22/27 | €4,409,773 | €3,924,965 | -€484,809 | -11.0% |
| Land and buildings | 22 | €12,584 | €12,584 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,397,189 | €3,912,381 | -€484,809 | -11.0% |
| Current assets | 29/58 | €1,645,758 | €1,854,202 | +€208,445 | +12.7% |
| Amounts receivable within one year | 40/41 | €726,047 | €643,291 | -€82,757 | -11.4% |
| Trade receivables | 40 | €726,047 | €607,571 | -€118,477 | -16.3% |
| Other amounts receivable | 41 | - | €35,720 | +€35,720 | |
| Current investments | 50/53 | €242,410 | €245,204 | +€2,794 | +1.2% |
| Cash at bank and in hand | 54/58 | €654,753 | €949,557 | +€294,804 | +45.0% |
| Deferred charges and accrued income | 490/1 | €22,547 | €16,151 | -€6,396 | -28.4% |
| Total equity and liabilities | 10/49 | €6,225,491 | €5,862,726 | -€362,764 | -5.8% |
| Equity | 10/15 | €1,638,364 | €1,533,320 | -€105,044 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,617,904 | €1,512,860 | -€105,044 | -6.5% |
| Provisions and deferred taxes | 16 | €71,000 | €83,000 | +€12,000 | +16.9% |
| Provisions for liabilities and charges | 160/5 | €71,000 | €83,000 | +€12,000 | +16.9% |
| Major repairs and maintenance | 162 | €71,000 | €83,000 | +€12,000 | +16.9% |
| Amounts payable | 17/49 | €4,516,127 | €4,246,407 | -€269,720 | -6.0% |
| Amounts payable after more than one year | 17 | €3,397,143 | €3,094,643 | -€302,500 | -8.9% |
| Financial debts | 170/4 | €3,397,143 | €3,094,643 | -€302,500 | -8.9% |
| Amounts payable within one year | 42/48 | €1,086,807 | €1,106,692 | +€19,885 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €302,500 | €326,429 | +€23,929 | +7.9% |
| Trade debts | 44 | €112,779 | €119,894 | +€7,115 | +6.3% |
| Suppliers | 440/4 | €112,779 | €119,894 | +€7,115 | +6.3% |
| Taxes, remuneration and social security | 45 | €71,528 | €60,369 | -€11,159 | -15.6% |
| Taxes | 450/3 | €71,528 | €60,369 | -€11,159 | -15.6% |
| Other amounts payable | 47/48 | €600,000 | €600,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32,178 | €45,072 | +€12,894 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577,654 | €577,671 | +€17 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,000 | €12,000 | = | 0.0% |
| Other operating charges | 640/8 | €29,195 | €29,619 | +€424 | +1.5% |
| Gross operating margin | 9900 | €1,620,573 | €1,317,386 | -€303,187 | -18.7% |
| Operating profit (loss) | 9901 | €1,001,724 | €698,097 | -€303,627 | -30.3% |
| Financial income | 75/76B | €7,097 | €3,517 | -€3,580 | -50.4% |
| Recurring financial income | 75 | €7,097 | €3,517 | -€3,580 | -50.4% |
| Financial charges | 65/66B | €45,686 | €41,673 | -€4,014 | -8.8% |
| Recurring financial charges | 65 | €45,686 | €41,673 | -€4,014 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €963,135 | €659,942 | -€303,193 | -31.5% |
| Income taxes | 67/77 | €240,784 | €164,985 | -€75,798 | -31.5% |
| Profit (loss) for the period | 9904 | €722,351 | €494,956 | -€227,395 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €722,351 | €494,956 | -€227,395 | -31.5% |
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.