FLEGO: 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
FLEGO
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€4,652
2023 · -€128,087+€123,435
Equity
€3.1m
2023 · €3.2m-€4,652
Cash
€747
2023 · €1,011-€264
Balance sheet total
€6.4m
2023 · €6.7m-€244,671
Largest movements
Assets
- Receivables within one year -€346,727
down €346,727 (-47.1%), from €736,337 to €389,610
of which Trade receivables: -€348,227
- Receivables after one year +€117,829
up €117,829 (+72.8%), from €161,805 to €279,634
Equity and liabilities
- Trade debts -€179,152
down €179,152 (-59.2%), from €302,373 to €123,221
- Debts after one year -€69,822
down €69,822 (-2.2%), from €3.2m to €3.1m
Income statement
- Gross operating margin +€101,566
up €101,566 (+158%), from €64,222 to €165,788
- Staff costs -€31,977
down €31,977 (-20.3%), from €157,175 to €125,199
- Financial charges +€6,510
up €6,510 (+39.8%), from €16,360 to €22,870
of which Financial charges: +€6,510
- Depreciation +€2,984
up €2,984 (+15.9%), from €18,762 to €21,746
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.
Result 2023
-€128,087
Gross operating margin
+€101,566
Staff costs
+€31,977
Depreciation
-€2,984
Other operating charges
+€627
Financial income
-€1,240
Financial charges
-€6,510
Result 2024
-€4,652
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€75,734
Investment
-€6,177
Financing
-€69,822
Cash 2023
€1,011
From operations (derived)
+€75,734
Net result for the year
-€4,652
Depreciation
+€21,746
Receivables after one year
-€117,829
Receivables within one year
+€346,727
Deferred charges and accrued income
-€61
Trade debts
-€179,152
Tax, wage and social debts
+€7,858
Accrued charges and deferred income
+€1,097
Investment (derived)
-€6,177
Investment in fixed assets (net)
-€6,177
Financing
-€69,822
Debts after one year
-€69,822
Cash 2024
€747
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,674,656 | €6,429,985 | -€244,671 | -3.7% |
| Fixed assets | 21/28 | €5,774,652 | €5,759,083 | -€15,569 | -0.3% |
| Intangible fixed assets | 21 | €44,431 | €31,091 | -€13,340 | -30.0% |
| Tangible fixed assets | 22/27 | €32,736 | €30,507 | -€2,230 | -6.8% |
| Plant, machinery and equipment | 23 | €2,729 | €2,371 | -€358 | -13.1% |
| Furniture and vehicles | 24 | €30,007 | €28,136 | -€1,871 | -6.2% |
| Financial fixed assets | 28 | €5,697,485 | €5,697,485 | = | 0.0% |
| Current assets | 29/58 | €900,004 | €670,902 | -€229,101 | -25.5% |
| Amounts receivable after more than one year | 29 | €161,805 | €279,634 | +€117,829 | +72.8% |
| Other amounts receivable | 291 | €161,805 | €279,634 | +€117,829 | +72.8% |
| Amounts receivable within one year | 40/41 | €736,337 | €389,610 | -€346,727 | -47.1% |
| Trade receivables | 40 | €735,964 | €387,738 | -€348,227 | -47.3% |
| Other amounts receivable | 41 | €372 | €1,872 | +€1,500 | +403% |
| Cash at bank and in hand | 54/58 | €1,011 | €747 | -€264 | -26.1% |
| Deferred charges and accrued income | 490/1 | €851 | €912 | +€61 | +7.2% |
| Total equity and liabilities | 10/49 | €6,674,656 | €6,429,985 | -€244,671 | -3.7% |
| Equity | 10/15 | €3,150,692 | €3,146,040 | -€4,652 | -0.1% |
| Contributions | 10/11 | €3,282,631 | €3,282,631 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,939 | -€138,591 | -€4,652 | -3.5% |
| Amounts payable | 17/49 | €3,523,964 | €3,283,945 | -€240,019 | -6.8% |
| Amounts payable after more than one year | 17 | €3,201,232 | €3,131,411 | -€69,822 | -2.2% |
| Financial debts | 170/4 | €3,201,232 | €3,131,411 | -€69,822 | -2.2% |
| Amounts payable within one year | 42/48 | €322,732 | €151,438 | -€171,294 | -53.1% |
| Trade debts | 44 | €302,373 | €123,221 | -€179,152 | -59.2% |
| Suppliers | 440/4 | €302,373 | €123,221 | -€179,152 | -59.2% |
| Taxes, remuneration and social security | 45 | €20,359 | €28,216 | +€7,858 | +38.6% |
| Taxes | 450/3 | €1,374 | €14,842 | +€13,468 | +980% |
| Remuneration and social security | 454/9 | €18,985 | €13,375 | -€5,610 | -29.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,097 | +€1,097 | |
| Remuneration, social security and pensions | 62 | €157,175 | €125,199 | -€31,977 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,762 | €21,746 | +€2,984 | +15.9% |
| Other operating charges | 640/8 | €2,851 | €2,224 | -€627 | -22.0% |
| Gross operating margin | 9900 | €64,222 | €165,788 | +€101,566 | +158% |
| Operating profit (loss) | 9901 | -€114,566 | €16,619 | +€131,185 | |
| Financial income | 75/76B | €2,839 | €1,599 | -€1,240 | -43.7% |
| Recurring financial income | 75 | €2,839 | €1,599 | -€1,240 | -43.7% |
| Financial charges | 65/66B | €16,360 | €22,870 | +€6,510 | +39.8% |
| Recurring financial charges | 65 | €16,360 | €22,870 | +€6,510 | +39.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€128,087 | -€4,652 | +€123,435 | +96.4% |
| Profit (loss) for the period | 9904 | -€128,087 | -€4,652 | +€123,435 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,087 | -€4,652 | +€123,435 | +96.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.