FLC: 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.
FLC
Largest movements
- Receivables within one year +€200,000
up €200,000 (+40000.0%), from €500 to €200,500
- Tangible fixed assets +€43,953
up €43,953 (+9.0%), from €489,546 to €533,499
- Cash -€40,573
down €40,573 (-91.5%), from €44,352 to €3,779
mainly Receivables within one year (-€200,000) and Investment in fixed assets (net) (-€54,088)
- Reserves +€56,248
new in 2024: €56,248
- Profit (loss) carried forward +€55,396
no longer reported in 2024 (was -€55,396)
- Other debts +€54,199
up €54,199 (+19.2%), from €282,053 to €336,252
- Provisions +€18,749
new in 2024: €18,749
- Trade debts +€14,587
up €14,587 (+615.2%), from €2,371 to €16,958
- Gross operating margin +€147,208
up €147,208 (+2227.4%), from €6,609 to €153,817
- Depreciation -€4,379
down €4,379 (-30.2%), from €14,514 to €10,135
- Taxes -€2,814
no longer reported in 2024 (was €2,814)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,398 | €737,778 | +€203,380 | +38.1% |
| Fixed assets | 21/28 | €489,546 | €533,499 | +€43,953 | +9.0% |
| Tangible fixed assets | 22/27 | €489,546 | €533,499 | +€43,953 | +9.0% |
| Land and buildings | 22 | €489,546 | €533,499 | +€43,953 | +9.0% |
| Current assets | 29/58 | €44,852 | €204,279 | +€159,427 | +355.5% |
| Amounts receivable within one year | 40/41 | €500 | €200,500 | +€200,000 | +40000.0% |
| Other amounts receivable | 41 | €500 | €200,500 | +€200,000 | +40000.0% |
| Cash at bank and in hand | 54/58 | €44,352 | €3,779 | -€40,573 | -91.5% |
| Total equity and liabilities | 10/49 | €534,398 | €737,778 | +€203,380 | +38.1% |
| Equity | 10/15 | -€36,796 | €74,848 | +€111,644 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €56,248 | +€56,248 | |
| Tax-exempt reserves | 132 | - | €56,248 | +€56,248 | |
| Profit (loss) carried forward | 14 | -€55,396 | - | +€55,396 | |
| Provisions and deferred taxes | 16 | - | €18,749 | +€18,749 | |
| Deferred taxes | 168 | - | €18,749 | +€18,749 | |
| Amounts payable | 17/49 | €571,194 | €644,181 | +€72,987 | +12.8% |
| Amounts payable after more than one year | 17 | €281,471 | €271,440 | -€10,031 | -3.6% |
| Financial debts | 170/4 | €281,471 | €271,440 | -€10,031 | -3.6% |
| Amounts payable within one year | 42/48 | €289,723 | €372,741 | +€83,018 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €5,299 | €19,531 | +€14,232 | +268.6% |
| Trade debts | 44 | €2,371 | €16,958 | +€14,587 | +615.2% |
| Suppliers | 440/4 | €2,371 | €16,958 | +€14,587 | +615.2% |
| Other amounts payable | 47/48 | €282,053 | €336,252 | +€54,199 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,514 | €10,135 | -€4,379 | -30.2% |
| Other operating charges | 640/8 | €2,150 | €3,094 | +€944 | +43.9% |
| Gross operating margin | 9900 | €6,609 | €153,817 | +€147,208 | +2227.4% |
| Operating profit (loss) | 9901 | -€10,055 | €140,588 | +€150,643 | |
| Financial charges | 65/66B | €10,143 | €10,195 | +€52 | +0.5% |
| Recurring financial charges | 65 | €10,143 | €10,195 | +€52 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,198 | €130,393 | +€150,591 | |
| Transfer to deferred taxes | 680 | - | €37,372 | +€37,372 | |
| Income taxes | 67/77 | €2,814 | - | -€2,814 | |
| Profit (loss) for the period | 9904 | -€23,012 | €93,021 | +€116,033 | |
| Transfer to tax-exempt reserves | 689 | - | €112,117 | +€112,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,012 | -€19,096 | +€3,916 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.