FLC ADVISORY: 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.
FLC ADVISORY
Largest movements
- Intangible fixed assets +€131,080
new in 2025: €131,080
- Tangible fixed assets -€15,733
down €15,733 (-4.1%), from €383,410 to €367,677
of which Land and buildings: -€13,401
- Cash +€6,313
up €6,313 (+477%), from €1,325 to €7,637
mainly Other debts (+€125,475) and Depreciation (+€26,455)
- Other debts +€125,475
up €125,475 (+101%), from €124,553 to €250,028
- Profit (loss) carried forward +€23,716
up €23,716 (+49.0%), from -€48,393 to -€24,677
- Reserves -€18,974
down €18,974 (-44.6%), from €42,551 to €23,577
- Debts after one year -€8,928
down €8,928 (-3.6%), from €244,983 to €236,055
- Gross operating margin +€22,394
up €22,394 (+91.2%), from €24,542 to €46,936
- Depreciation +€10,469
up €10,469 (+65.5%), from €15,986 to €26,455
- Financial charges -€582
down €582 (-4.2%), from €13,791 to €13,210
- Taxes +€515
up €515 (+313%), from €165 to €680
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.
Derived cash bridge
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 | €386,652 | €509,718 | +€123,066 | +31.8% |
| Fixed assets | 21/28 | €384,410 | €498,757 | +€114,348 | +29.7% |
| Intangible fixed assets | 21 | - | €131,080 | +€131,080 | |
| Tangible fixed assets | 22/27 | €383,410 | €367,677 | -€15,733 | -4.1% |
| Land and buildings | 22 | €379,228 | €365,828 | -€13,401 | -3.5% |
| Plant, machinery and equipment | 23 | €2,126 | €709 | -€1,417 | -66.6% |
| Furniture and vehicles | 24 | €2,056 | €1,140 | -€915 | -44.5% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €2,243 | €10,961 | +€8,718 | +389% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €287 | €3,255 | +€2,968 | +1,036% |
| Trade receivables | 40 | €0 | €3,159 | +€3,159 | |
| Other amounts receivable | 41 | €287 | €96 | -€190 | -66.4% |
| Cash at bank and in hand | 54/58 | €1,325 | €7,637 | +€6,313 | +477% |
| Deferred charges and accrued income | 490/1 | €632 | €68 | -€563 | -89.2% |
| Total equity and liabilities | 10/49 | €386,652 | €509,718 | +€123,066 | +31.8% |
| Equity | 10/15 | €358 | €5,099 | +€4,741 | +1,325% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,551 | €23,577 | -€18,974 | -44.6% |
| Distributable reserves | 133 | €42,551 | €23,577 | -€18,974 | -44.6% |
| Profit (loss) carried forward | 14 | -€48,393 | -€24,677 | +€23,716 | +49.0% |
| Amounts payable | 17/49 | €386,295 | €504,619 | +€118,324 | +30.6% |
| Amounts payable after more than one year | 17 | €244,983 | €236,055 | -€8,928 | -3.6% |
| Financial debts | 170/4 | €244,983 | €236,055 | -€8,928 | -3.6% |
| Amounts payable within one year | 42/48 | €141,311 | €268,563 | +€127,252 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €13,767 | €12,304 | -€1,464 | -10.6% |
| Financial debts | 43 | €112 | €0 | -€112 | -100% |
| Other loans | 439 | €112 | €0 | -€112 | -100% |
| Trade debts | 44 | €2,486 | €2,223 | -€263 | -10.6% |
| Suppliers | 440/4 | €2,486 | €2,223 | -€263 | -10.6% |
| Taxes, remuneration and social security | 45 | €393 | €4,009 | +€3,616 | +919% |
| Taxes | 450/3 | €393 | €4,009 | +€3,616 | +919% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €124,553 | €250,028 | +€125,475 | +101% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,986 | €26,455 | +€10,469 | +65.5% |
| Other operating charges | 640/8 | €1,666 | €1,850 | +€185 | +11.1% |
| Gross operating margin | 9900 | €24,542 | €46,936 | +€22,394 | +91.2% |
| Operating profit (loss) | 9901 | €6,891 | €18,631 | +€11,740 | +170% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €13,791 | €13,210 | -€582 | -4.2% |
| Recurring financial charges | 65 | €13,791 | €13,210 | -€582 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,898 | €5,421 | +€12,319 | |
| Income taxes | 67/77 | €165 | €680 | +€515 | +313% |
| Profit (loss) for the period | 9904 | -€7,063 | €4,741 | +€11,804 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,063 | €4,741 | +€11,804 |
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 14 October 2026 via checked.be.