FLEEM: 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.
FLEEM
Largest movements
- Cash +€12,769
up €12,769 (+123.3%), from €10,358 to €23,127
mainly Net result for the year (+€19,372) and Depreciation (+€1,482)
- Receivables within one year +€6,512
up €6,512 (+415.8%), from €1,566 to €8,078
of which Trade receivables: +€6,511
- Tangible fixed assets +€1,895
up €1,895 (+96.1%), from €1,971 to €3,866
of which Plant, machinery and equipment: +€2,145
- Reserves +€19,372
up €19,372 (+218.3%), from €8,873 to €28,245
- Tax, wage and social debts +€1,358
up €1,358 (+147.3%), from €922 to €2,280
- Gross operating margin +€16,826
up €16,826 (+116.3%), from €14,462 to €31,288
- Taxes +€4,592
up €4,592 (+137.5%), from €3,339 to €7,931
- Other operating charges +€1,403
up €1,403 (+150.4%), from €933 to €2,335
- Financial charges +€476
up €476 (+32574.7%), from €1 to €477
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.
Cash bridge derived
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 | €14,551 | €35,520 | +€20,969 | +144.1% |
| Formation expenses | 20 | €214 | - | -€214 | |
| Fixed assets | 21/28 | €1,971 | €3,866 | +€1,895 | +96.1% |
| Tangible fixed assets | 22/27 | €1,971 | €3,866 | +€1,895 | +96.1% |
| Plant, machinery and equipment | 23 | €1,411 | €3,556 | +€2,145 | +152.0% |
| Furniture and vehicles | 24 | €560 | €310 | -€250 | -44.6% |
| Current assets | 29/58 | €12,366 | €31,654 | +€19,289 | +156.0% |
| Amounts receivable within one year | 40/41 | €1,566 | €8,078 | +€6,512 | +415.8% |
| Trade receivables | 40 | €1,566 | €8,077 | +€6,511 | +415.8% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €10,358 | €23,127 | +€12,769 | +123.3% |
| Deferred charges and accrued income | 490/1 | €441 | €449 | +€8 | +1.8% |
| Total equity and liabilities | 10/49 | €14,551 | €35,520 | +€20,969 | +144.1% |
| Equity | 10/15 | €10,873 | €30,245 | +€19,372 | +178.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €8,873 | €28,245 | +€19,372 | +218.3% |
| Distributable reserves | 133 | €8,873 | €28,245 | +€19,372 | +218.3% |
| Amounts payable | 17/49 | €3,678 | €5,275 | +€1,597 | +43.4% |
| Amounts payable within one year | 42/48 | €3,160 | €4,498 | +€1,338 | +42.3% |
| Trade debts | 44 | €272 | - | -€272 | |
| Suppliers | 440/4 | €272 | - | -€272 | |
| Taxes, remuneration and social security | 45 | €922 | €2,280 | +€1,358 | +147.3% |
| Taxes | 450/3 | €922 | €2,280 | +€1,358 | +147.3% |
| Other amounts payable | 47/48 | €1,966 | €2,218 | +€252 | +12.8% |
| Accrued charges and deferred income | 492/3 | €518 | €777 | +€259 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,328 | €1,482 | +€154 | +11.6% |
| Other operating charges | 640/8 | €933 | €2,335 | +€1,403 | +150.4% |
| Gross operating margin | 9900 | €14,462 | €31,288 | +€16,826 | +116.3% |
| Operating profit (loss) | 9901 | €12,201 | €27,471 | +€15,270 | +125.1% |
| Financial income | 75/76B | €13 | €310 | +€297 | +2366.6% |
| Recurring financial income | 75 | €13 | €310 | +€297 | +2366.6% |
| Financial charges | 65/66B | €1 | €477 | +€476 | +32574.7% |
| Recurring financial charges | 65 | €1 | €477 | +€476 | +32574.7% |
| Profit (loss) for the period before taxes | 9903 | €12,212 | €27,303 | +€15,091 | +123.6% |
| Income taxes | 67/77 | €3,339 | €7,931 | +€4,592 | +137.5% |
| Profit (loss) for the period | 9904 | €8,873 | €19,372 | +€10,499 | +118.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,873 | €19,372 | +€10,499 | +118.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.