FLEGGS: 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.
FLEGGS
Largest movements
- Receivables within one year -€22,300
down €22,300 (-16.7%), from €133,611 to €111,311
of which Other amounts receivable: -€12,232
- Cash +€18,901
up €18,901 (+125.7%), from €15,037 to €33,938
mainly Receivables within one year (+€22,300) and Accrued charges and deferred income (+€13,936)
- Trade debts -€17,237
down €17,237 (-20.8%), from €82,865 to €65,628
- Accrued charges and deferred income +€13,936
up €13,936 (+16.1%), from €86,765 to €100,701
- Other debts -€5,501
down €5,501 (-91.7%), from €6,001 to €500
- Profit (loss) carried forward +€5,207
up €5,207 (+0.8%), from -€671,452 to -€666,245
- Gross operating margin +€141,696
up €141,696, from -€110,659 to €31,037
- Financial charges +€6,743
up €6,743 (+37.5%), from €17,963 to €24,706
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 | €235,705 | €231,365 | -€4,339 | -1.8% |
| Fixed assets | 21/28 | €1,472 | €1,083 | -€389 | -26.4% |
| Tangible fixed assets | 22/27 | €1,287 | €898 | -€389 | -30.2% |
| Furniture and vehicles | 24 | €1,287 | €898 | -€389 | -30.2% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €234,232 | €230,282 | -€3,950 | -1.7% |
| Stocks and contracts in progress | 3 | €83,510 | €83,510 | = | 0.0% |
| Contracts in progress | 37 | €83,510 | €83,510 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,611 | €111,311 | -€22,300 | -16.7% |
| Trade receivables | 40 | €30,963 | €20,895 | -€10,068 | -32.5% |
| Other amounts receivable | 41 | €102,647 | €90,416 | -€12,232 | -11.9% |
| Cash at bank and in hand | 54/58 | €15,037 | €33,938 | +€18,901 | +125.7% |
| Deferred charges and accrued income | 490/1 | €2,075 | €1,524 | -€551 | -26.6% |
| Total equity and liabilities | 10/49 | €235,705 | €231,365 | -€4,339 | -1.8% |
| Equity | 10/15 | -€506,452 | -€501,245 | +€5,207 | +1.0% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€671,452 | -€666,245 | +€5,207 | +0.8% |
| Amounts payable | 17/49 | €742,157 | €732,610 | -€9,547 | -1.3% |
| Amounts payable after more than one year | 17 | €564,600 | €564,600 | = | 0.0% |
| Financial debts | 170/4 | €564,600 | €564,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,792 | €67,309 | -€23,482 | -25.9% |
| Trade debts | 44 | €82,865 | €65,628 | -€17,237 | -20.8% |
| Suppliers | 440/4 | €82,865 | €65,628 | -€17,237 | -20.8% |
| Taxes, remuneration and social security | 45 | €1,926 | €1,181 | -€745 | -38.7% |
| Taxes | 450/3 | €976 | €1,181 | +€205 | +21.0% |
| Remuneration and social security | 454/9 | €949 | - | -€949 | |
| Other amounts payable | 47/48 | €6,001 | €500 | -€5,501 | -91.7% |
| Accrued charges and deferred income | 492/3 | €86,765 | €100,701 | +€13,936 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €389 | -€15 | -3.7% |
| Other operating charges | 640/8 | €730 | €745 | +€14 | +2.0% |
| Gross operating margin | 9900 | -€110,659 | €31,037 | +€141,696 | |
| Operating profit (loss) | 9901 | -€111,793 | €29,903 | +€141,696 | |
| Financial income | 75/76B | €3 | €11 | +€8 | +253.5% |
| Recurring financial income | 75 | €3 | €11 | +€8 | +253.5% |
| Financial charges | 65/66B | €17,963 | €24,706 | +€6,743 | +37.5% |
| Recurring financial charges | 65 | €17,963 | €24,706 | +€6,743 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | -€129,753 | €5,207 | +€134,961 | |
| Profit (loss) for the period | 9904 | -€129,753 | €5,207 | +€134,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,753 | €5,207 | +€134,961 |
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 10 October 2026 via checked.be.