FLECH'EURO: 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.
FLECH'EURO
Largest movements
- Receivables within one year -€48,471
down €48,471 (-18.1%), from €267,947 to €219,476
of which Other amounts receivable: -€75,000
- Cash +€16,907
up €16,907 (+9.7%), from €173,739 to €190,646
mainly Receivables within one year (+€48,471) and Net result for the year (+€35,577)
- Tangible fixed assets -€8,611
down €8,611 (-12.6%), from €68,481 to €59,870
of which Furniture and vehicles: -€7,151
- Tax, wage and social debts -€15,263
down €15,263 (-40.3%), from €37,900 to €22,636
of which Taxes: -€13,211
- Trade debts -€12,865
down €12,865 (-95.9%), from €13,419 to €554
- Debts after one year -€8,855
down €8,855 (-47.9%), from €18,503 to €9,649
- Advances received +€7,980
up €7,980 (+48.2%), from €16,550 to €24,530
- Gross operating margin -€62,365
down €62,365 (-30.0%), from €207,685 to €145,321
- Taxes -€24,839
down €24,839 (-61.8%), from €40,192 to €15,353
- Other operating charges +€21,489
up €21,489 (+333%), from €6,456 to €27,944
- Staff costs -€8,951
down €8,951 (-14.9%), from €60,109 to €51,157
- Depreciation +€6,299
up €6,299 (+64.9%), from €9,714 to €16,013
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 | €514,918 | €476,724 | -€38,194 | -7.4% |
| Fixed assets | 21/28 | €68,556 | €59,945 | -€8,611 | -12.6% |
| Tangible fixed assets | 22/27 | €68,481 | €59,870 | -€8,611 | -12.6% |
| Plant, machinery and equipment | 23 | €6,674 | €5,079 | -€1,595 | -23.9% |
| Furniture and vehicles | 24 | €48,002 | €40,851 | -€7,151 | -14.9% |
| Other tangible fixed assets | 26 | €13,805 | €13,940 | +€134 | +1.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €446,361 | €416,779 | -€29,583 | -6.6% |
| Amounts receivable within one year | 40/41 | €267,947 | €219,476 | -€48,471 | -18.1% |
| Trade receivables | 40 | €42,947 | €69,476 | +€26,529 | +61.8% |
| Other amounts receivable | 41 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €173,739 | €190,646 | +€16,907 | +9.7% |
| Deferred charges and accrued income | 490/1 | €4,675 | €6,657 | +€1,982 | +42.4% |
| Total equity and liabilities | 10/49 | €514,918 | €476,724 | -€38,194 | -7.4% |
| Equity | 10/15 | €374,169 | €374,745 | +€577 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,860 | €327,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €326,000 | €326,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,709 | €28,285 | +€577 | +2.1% |
| Amounts payable | 17/49 | €140,749 | €101,978 | -€38,770 | -27.5% |
| Amounts payable after more than one year | 17 | €18,503 | €9,649 | -€8,855 | -47.9% |
| Financial debts | 170/4 | €18,503 | €9,649 | -€8,855 | -47.9% |
| Amounts payable within one year | 42/48 | €122,246 | €92,330 | -€29,916 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €13,932 | €8,855 | -€5,077 | -36.4% |
| Trade debts | 44 | €13,419 | €554 | -€12,865 | -95.9% |
| Suppliers | 440/4 | €13,419 | €554 | -€12,865 | -95.9% |
| Advances received on contracts in progress | 46 | €16,550 | €24,530 | +€7,980 | +48.2% |
| Taxes, remuneration and social security | 45 | €37,900 | €22,636 | -€15,263 | -40.3% |
| Taxes | 450/3 | €30,564 | €17,354 | -€13,211 | -43.2% |
| Remuneration and social security | 454/9 | €7,336 | €5,283 | -€2,053 | -28.0% |
| Other amounts payable | 47/48 | €40,445 | €35,755 | -€4,691 | -11.6% |
| Remuneration, social security and pensions | 62 | €60,109 | €51,157 | -€8,951 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,714 | €16,013 | +€6,299 | +64.9% |
| Other operating charges | 640/8 | €6,456 | €27,944 | +€21,489 | +333% |
| Gross operating margin | 9900 | €207,685 | €145,321 | -€62,365 | -30.0% |
| Operating profit (loss) | 9901 | €131,407 | €50,206 | -€81,202 | -61.8% |
| Financial income | 75/76B | €543 | €1,348 | +€805 | +148% |
| Recurring financial income | 75 | €543 | €1,348 | +€805 | +148% |
| Financial charges | 65/66B | €711 | €624 | -€87 | -12.2% |
| Recurring financial charges | 65 | €711 | €624 | -€87 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €131,239 | €50,930 | -€80,310 | -61.2% |
| Income taxes | 67/77 | €40,192 | €15,353 | -€24,839 | -61.8% |
| Profit (loss) for the period | 9904 | €91,047 | €35,577 | -€55,471 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,047 | €35,577 | -€55,471 | -60.9% |
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 25 October 2026 via checked.be.