FLEBO: 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.
FLEBO
Largest movements
- Cash +€230,095
up €230,095 (+75.3%), from €305,529 to €535,624
mainly Trade debts (+€253,463) and Tax, wage and social debts (+€58,394)
- Receivables within one year +€80,368
up €80,368 (+1682.0%), from €4,778 to €85,146
of which Other amounts receivable: +€68,269
- Tangible fixed assets +€31,814
up €31,814 (+47.2%), from €67,448 to €99,262
of which Plant, machinery and equipment: +€33,508
- Deferred charges and accrued income +€12,618
up €12,618 (+18.4%), from €68,663 to €81,281
- Trade debts +€253,463
up €253,463 (+81.4%), from €311,357 to €564,821
- Tax, wage and social debts +€58,394
up €58,394 (+216.9%), from €26,918 to €85,311
of which Taxes: +€30,314
- Reserves +€21,735
up €21,735 (+37.8%), from €57,473 to €79,207
of which Distributable reserves: +€21,435
- Current portion of long-term debt +€14,837
up €14,837 (+104.4%), from €14,216 to €29,053
- Gross operating margin +€82,885
up €82,885 (+54.3%), from €152,709 to €235,594
- Taxes +€46,425
new in 2024: €46,425
- Staff costs +€39,448
up €39,448 (+44.5%), from €88,574 to €128,022
- Depreciation +€9,511
up €9,511 (+40.2%), from €23,664 to €33,175
- Other operating charges -€7,409
down €7,409 (-88.8%), from €8,343 to €934
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 | €470,618 | €820,813 | +€350,195 | +74.4% |
| Fixed assets | 21/28 | €91,648 | €118,762 | +€27,114 | +29.6% |
| Intangible fixed assets | 21 | €18,800 | €14,100 | -€4,700 | -25.0% |
| Tangible fixed assets | 22/27 | €67,448 | €99,262 | +€31,814 | +47.2% |
| Plant, machinery and equipment | 23 | €26,563 | €60,071 | +€33,508 | +126.1% |
| Furniture and vehicles | 24 | €33,531 | €34,125 | +€594 | +1.8% |
| Other tangible fixed assets | 26 | €7,353 | €5,066 | -€2,288 | -31.1% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €378,971 | €702,051 | +€323,080 | +85.3% |
| Amounts receivable within one year | 40/41 | €4,778 | €85,146 | +€80,368 | +1682.0% |
| Trade receivables | 40 | - | €12,099 | +€12,099 | |
| Other amounts receivable | 41 | €4,778 | €73,047 | +€68,269 | +1428.8% |
| Cash at bank and in hand | 54/58 | €305,529 | €535,624 | +€230,095 | +75.3% |
| Deferred charges and accrued income | 490/1 | €68,663 | €81,281 | +€12,618 | +18.4% |
| Total equity and liabilities | 10/49 | €470,618 | €820,813 | +€350,195 | +74.4% |
| Equity | 10/15 | €62,688 | €84,422 | +€21,735 | +34.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,473 | €79,207 | +€21,735 | +37.8% |
| Non-distributable reserves | 130/1 | - | €300 | +€300 | |
| Reserves not available under the articles | 1311 | - | €300 | +€300 | |
| Distributable reserves | 133 | €57,473 | €78,907 | +€21,435 | +37.3% |
| Profit (loss) carried forward | 14 | €2,215 | €2,215 | = | 0.0% |
| Amounts payable | 17/49 | €407,931 | €736,391 | +€328,460 | +80.5% |
| Amounts payable after more than one year | 17 | €27,110 | €21,144 | -€5,966 | -22.0% |
| Financial debts | 170/4 | €27,110 | €21,144 | -€5,966 | -22.0% |
| Amounts payable within one year | 42/48 | €380,820 | €715,246 | +€334,426 | +87.8% |
| Current portion of amounts payable after more than one year | 42 | €14,216 | €29,053 | +€14,837 | +104.4% |
| Trade debts | 44 | €311,357 | €564,821 | +€253,463 | +81.4% |
| Suppliers | 440/4 | €311,357 | €564,821 | +€253,463 | +81.4% |
| Taxes, remuneration and social security | 45 | €26,918 | €85,311 | +€58,394 | +216.9% |
| Taxes | 450/3 | €15,801 | €46,114 | +€30,314 | +191.8% |
| Remuneration and social security | 454/9 | €11,117 | €39,197 | +€28,080 | +252.6% |
| Other amounts payable | 47/48 | €28,330 | €36,061 | +€7,731 | +27.3% |
| Remuneration, social security and pensions | 62 | €88,574 | €128,022 | +€39,448 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,664 | €33,175 | +€9,511 | +40.2% |
| Other operating charges | 640/8 | €8,343 | €934 | -€7,409 | -88.8% |
| Gross operating margin | 9900 | €152,709 | €235,594 | +€82,885 | +54.3% |
| Operating profit (loss) | 9901 | €32,129 | €73,463 | +€41,335 | +128.7% |
| Financial income | 75/76B | €889 | - | -€889 | |
| Recurring financial income | 75 | €889 | - | -€889 | |
| Financial charges | 65/66B | €4,532 | €5,303 | +€771 | +17.0% |
| Recurring financial charges | 65 | €4,532 | €5,303 | +€771 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €28,486 | €68,160 | +€39,674 | +139.3% |
| Income taxes | 67/77 | - | €46,425 | +€46,425 | |
| Profit (loss) for the period | 9904 | €28,486 | €21,735 | -€6,751 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,486 | €21,735 | -€6,751 | -23.7% |
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 6 October 2026 via checked.be.