FLEKO: 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.
FLEKO
Largest movements
- Cash +€67,443
up €67,443 (+60.7%), from €111,106 to €178,549
mainly Net result for the year (+€75,356) and Depreciation (+€60,342)
- Tangible fixed assets -€50,749
down €50,749 (-33.7%), from €150,563 to €99,814
of which Furniture and vehicles: -€41,347
- Reserves +€75,356
up €75,356 (+60.8%), from €123,845 to €199,201
of which Distributable reserves: +€78,858
- Debts after one year -€71,415
down €71,415 (-51.7%), from €138,163 to €66,748
- Tax, wage and social debts +€7,473
up €7,473 (+224.2%), from €3,332 to €10,805
- Taxes +€13,078
up €13,078 (+51.6%), from €25,350 to €38,428
- Gross operating margin +€9,984
up €9,984 (+5.6%), from €178,675 to €188,660
- Staff costs -€6,000
down €6,000 (-100.0%), from €6,000 to €0
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 | €384,155 | €396,057 | +€11,902 | +3.1% |
| Fixed assets | 21/28 | €150,833 | €100,084 | -€50,749 | -33.6% |
| Tangible fixed assets | 22/27 | €150,563 | €99,814 | -€50,749 | -33.7% |
| Land and buildings | 22 | €21,321 | €16,134 | -€5,187 | -24.3% |
| Plant, machinery and equipment | 23 | €91 | €7,776 | +€7,685 | +8426.6% |
| Furniture and vehicles | 24 | €93,391 | €52,044 | -€41,347 | -44.3% |
| Leasing and similar rights | 25 | €35,760 | €23,860 | -€11,900 | -33.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €233,323 | €295,973 | +€62,651 | +26.9% |
| Amounts receivable within one year | 40/41 | €119,725 | €116,808 | -€2,918 | -2.4% |
| Trade receivables | 40 | €82,090 | €80,205 | -€1,885 | -2.3% |
| Other amounts receivable | 41 | €37,636 | €36,603 | -€1,033 | -2.7% |
| Cash at bank and in hand | 54/58 | €111,106 | €178,549 | +€67,443 | +60.7% |
| Deferred charges and accrued income | 490/1 | €2,491 | €617 | -€1,874 | -75.2% |
| Total equity and liabilities | 10/49 | €384,155 | €396,057 | +€11,902 | +3.1% |
| Equity | 10/15 | €143,845 | €219,201 | +€75,356 | +52.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €123,845 | €199,201 | +€75,356 | +60.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,324 | €11,822 | -€3,502 | -22.9% |
| Distributable reserves | 133 | €108,521 | €187,378 | +€78,858 | +72.7% |
| Provisions and deferred taxes | 16 | €4,775 | €3,607 | -€1,167 | -24.4% |
| Deferred taxes | 168 | €4,775 | €3,607 | -€1,167 | -24.4% |
| Amounts payable | 17/49 | €235,536 | €173,249 | -€62,287 | -26.4% |
| Amounts payable after more than one year | 17 | €138,163 | €66,748 | -€71,415 | -51.7% |
| Financial debts | 170/4 | €138,163 | €66,748 | -€71,415 | -51.7% |
| Amounts payable within one year | 42/48 | €97,373 | €106,501 | +€9,129 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €64,577 | €66,643 | +€2,066 | +3.2% |
| Trade debts | 44 | €21,362 | €19,527 | -€1,835 | -8.6% |
| Suppliers | 440/4 | €21,362 | €19,527 | -€1,835 | -8.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,332 | €10,805 | +€7,473 | +224.2% |
| Taxes | 450/3 | €3,332 | €10,805 | +€7,473 | +224.2% |
| Other amounts payable | 47/48 | €8,101 | €9,526 | +€1,426 | +17.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,000 | €0 | -€6,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,620 | €60,342 | +€1,722 | +2.9% |
| Other operating charges | 640/8 | €6,657 | €5,909 | -€748 | -11.2% |
| Gross operating margin | 9900 | €178,675 | €188,660 | +€9,984 | +5.6% |
| Operating profit (loss) | 9901 | €107,398 | €122,409 | +€15,011 | +14.0% |
| Financial income | 75/76B | €331 | €723 | +€391 | +118.1% |
| Recurring financial income | 75 | €331 | €723 | +€391 | +118.1% |
| Financial charges | 65/66B | €10,482 | €10,515 | +€33 | +0.3% |
| Recurring financial charges | 65 | €10,482 | €10,515 | +€33 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €97,248 | €112,616 | +€15,369 | +15.8% |
| Transfer from deferred taxes | 780 | €576 | €1,167 | +€591 | +102.5% |
| Transfer to deferred taxes | 680 | €4,545 | €0 | -€4,545 | -100.0% |
| Income taxes | 67/77 | €25,350 | €38,428 | +€13,078 | +51.6% |
| Profit (loss) for the period | 9904 | €67,928 | €75,356 | +€7,428 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €1,729 | €3,502 | +€1,773 | +102.5% |
| Transfer to tax-exempt reserves | 689 | €13,636 | €0 | -€13,636 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,021 | €78,858 | +€22,837 | +40.8% |
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 5 October 2026 via checked.be.