FLCT: 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.
What changed
FLCT
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,441
2024 · €17,847-€9,406
Equity
€358,430
2024 · €351,489+€6,941
Cash
€112,711
2024 · €112,788-€77
Balance sheet total
€915,249
2024 · €1.2m-€277,119
Largest movements
Assets
- Receivables within one year -€208,351
down €208,351 (-70.8%), from €294,150 to €85,800
of which Other amounts receivable: -€198,424
- Tangible fixed assets -€73,091
down €73,091 (-10.4%), from €701,228 to €628,137
Equity and liabilities
- Other debts -€238,444
down €238,444 (-98.0%), from €243,200 to €4,756
- Debts after one year -€48,796
down €48,796 (-9.8%), from €499,779 to €450,983
Income statement
- Staff costs +€15,575
up €15,575 (+31.9%), from €48,850 to €64,425
- Gross operating margin +€4,032
up €4,032 (+2.5%), from €162,387 to €166,419
- Other operating charges +€3,773
up €3,773 (+80.9%), from €4,662 to €8,435
- Taxes -€3,079
down €3,079 (-52.7%), from €5,839 to €2,761
- Depreciation -€1,761
down €1,761 (-2.6%), from €66,816 to €65,055
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.
Result 2024
€17,847
Gross operating margin
+€4,032
Staff costs
-€15,575
Depreciation
+€1,761
Other operating charges
-€3,773
Financial income
-€281
Financial charges
+€1,351
Taxes
+€3,079
Result 2025
€8,441
raises the resultlowers the result
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.
From operations
+€40,691
Investment
+€8,035
Financing
-€48,803
Cash 2024
€112,788
From operations (derived)
+€40,691
Net result for the year
+€8,441
Depreciation
+€65,055
Stocks and contracts
-€7,445
Receivables within one year
+€208,351
Deferred charges and accrued income
+€3,046
Provisions
-€809
Trade debts
+€1,520
Tax, wage and social debts
+€976
Other debts
-€238,444
Investment (derived)
+€8,035
Investment in fixed assets (net)
+€8,035
Financing
-€48,803
Debts after one year
-€48,796
Current portion of long-term debt
+€1,493
Contributions, distributions and other
-€1,500
Cash 2025
€112,711
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,192,367 | €915,249 | -€277,119 | -23.2% |
| Fixed assets | 21/28 | €701,228 | €628,137 | -€73,091 | -10.4% |
| Tangible fixed assets | 22/27 | €701,228 | €628,137 | -€73,091 | -10.4% |
| Land and buildings | 22 | €612,661 | €580,245 | -€32,416 | -5.3% |
| Plant, machinery and equipment | 23 | €15,300 | €10,847 | -€4,453 | -29.1% |
| Furniture and vehicles | 24 | €24,018 | €3,482 | -€20,536 | -85.5% |
| Leasing and similar rights | 25 | €49,250 | €33,564 | -€15,686 | -31.8% |
| Current assets | 29/58 | €491,139 | €287,111 | -€204,028 | -41.5% |
| Stocks and contracts in progress | 3 | €79,420 | €86,865 | +€7,445 | +9.4% |
| Stocks | 30/36 | €34,200 | €40,085 | +€5,885 | +17.2% |
| Contracts in progress | 37 | €45,220 | €46,780 | +€1,560 | +3.4% |
| Amounts receivable within one year | 40/41 | €294,150 | €85,800 | -€208,351 | -70.8% |
| Trade receivables | 40 | €44,238 | €34,311 | -€9,926 | -22.4% |
| Other amounts receivable | 41 | €249,913 | €51,488 | -€198,424 | -79.4% |
| Cash at bank and in hand | 54/58 | €112,788 | €112,711 | -€77 | -0.1% |
| Deferred charges and accrued income | 490/1 | €4,781 | €1,735 | -€3,046 | -63.7% |
| Total equity and liabilities | 10/49 | €1,192,367 | €915,249 | -€277,119 | -23.2% |
| Equity | 10/15 | €351,489 | €358,430 | +€6,941 | +2.0% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €321,648 | €318,414 | -€3,234 | -1.0% |
| Tax-exempt reserves | 132 | €117,758 | €114,524 | -€3,234 | -2.7% |
| Distributable reserves | 133 | €203,890 | €203,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,465 | €19,140 | +€11,675 | +156% |
| Investment grants | 15 | €7,502 | €6,002 | -€1,500 | -20.0% |
| Provisions and deferred taxes | 16 | €29,439 | €28,631 | -€809 | -2.7% |
| Deferred taxes | 168 | €29,439 | €28,631 | -€809 | -2.7% |
| Amounts payable | 17/49 | €811,439 | €528,188 | -€283,251 | -34.9% |
| Amounts payable after more than one year | 17 | €499,779 | €450,983 | -€48,796 | -9.8% |
| Financial debts | 170/4 | €499,779 | €450,983 | -€48,796 | -9.8% |
| Amounts payable within one year | 42/48 | €311,660 | €77,205 | -€234,455 | -75.2% |
| Current portion of amounts payable after more than one year | 42 | €47,303 | €48,796 | +€1,493 | +3.2% |
| Trade debts | 44 | €20,670 | €22,190 | +€1,520 | +7.4% |
| Suppliers | 440/4 | €20,670 | €22,190 | +€1,520 | +7.4% |
| Taxes, remuneration and social security | 45 | €487 | €1,463 | +€976 | +200% |
| Remuneration and social security | 454/9 | €487 | €1,463 | +€976 | +200% |
| Other amounts payable | 47/48 | €243,200 | €4,756 | -€238,444 | -98.0% |
| Remuneration, social security and pensions | 62 | €48,850 | €64,425 | +€15,575 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,816 | €65,055 | -€1,761 | -2.6% |
| Other operating charges | 640/8 | €4,662 | €8,435 | +€3,773 | +80.9% |
| Gross operating margin | 9900 | €162,387 | €166,419 | +€4,032 | +2.5% |
| Operating profit (loss) | 9901 | €42,058 | €28,504 | -€13,554 | -32.2% |
| Financial income | 75/76B | €3,548 | €3,267 | -€281 | -7.9% |
| Recurring financial income | 75 | €3,548 | €3,267 | -€281 | -7.9% |
| Financial charges | 65/66B | €22,729 | €21,377 | -€1,351 | -5.9% |
| Recurring financial charges | 65 | €22,729 | €21,377 | -€1,351 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €22,878 | €10,393 | -€12,484 | -54.6% |
| Transfer from deferred taxes | 780 | €809 | €809 | = | 0.0% |
| Income taxes | 67/77 | €5,839 | €2,761 | -€3,079 | -52.7% |
| Profit (loss) for the period | 9904 | €17,847 | €8,441 | -€9,406 | -52.7% |
| Transfer from tax-exempt reserves | 789 | €3,234 | €3,234 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,081 | €11,675 | -€9,406 | -44.6% |
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 15 October 2026 via checked.be.