FLEMAR: 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.
FLEMAR
Largest movements
- Stocks and contracts -€3,353
down €3,353 (-5.3%), from €63,413 to €60,060
- Cash -€1,304
down €1,304 (-46.2%), from €2,826 to €1,522
mainly Net result for the year (-€16,714) and Current portion of long-term debt (-€6,082)
- Profit (loss) carried forward -€16,714
down €16,714 (-98.0%), from €17,047 to €333
- Trade debts +€12,948
up €12,948 (+603.6%), from €2,145 to €15,093
- Other debts +€7,000
up €7,000 (+140.9%), from €4,967 to €11,967
- Current portion of long-term debt -€6,082
down €6,082 (-19.6%), from €31,082 to €25,000
- Accrued charges and deferred income -€3,663
down €3,663 (-100.0%), from €3,664 to €0
- Gross operating margin -€26,388
down €26,388 (-61.9%), from €42,605 to €16,217
- Staff costs +€16,034
up €16,034 (+134.2%), from €11,950 to €27,985
- Taxes -€3,784
no longer reported in 2025 (was €3,784)
- Financial charges +€986
up €986 (+39.3%), from €2,507 to €3,493
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 | €81,742 | €76,958 | -€4,784 | -5.9% |
| Fixed assets | 21/28 | €3,034 | €2,454 | -€580 | -19.1% |
| Intangible fixed assets | 21 | €1,476 | €950 | -€526 | -35.6% |
| Tangible fixed assets | 22/27 | €1,378 | €824 | -€553 | -40.2% |
| Furniture and vehicles | 24 | €1,378 | €824 | -€553 | -40.2% |
| Financial fixed assets | 28 | €180 | €680 | +€500 | +277.8% |
| Current assets | 29/58 | €78,708 | €74,504 | -€4,204 | -5.3% |
| Stocks and contracts in progress | 3 | €63,413 | €60,060 | -€3,353 | -5.3% |
| Stocks | 30/36 | €63,413 | €60,060 | -€3,353 | -5.3% |
| Amounts receivable within one year | 40/41 | €12,056 | €11,762 | -€294 | -2.4% |
| Trade receivables | 40 | €11,346 | €11,762 | +€416 | +3.7% |
| Other amounts receivable | 41 | €710 | - | -€710 | |
| Cash at bank and in hand | 54/58 | €2,826 | €1,522 | -€1,304 | -46.2% |
| Deferred charges and accrued income | 490/1 | €413 | €1,160 | +€748 | +181.0% |
| Total equity and liabilities | 10/49 | €81,742 | €76,958 | -€4,784 | -5.9% |
| Equity | 10/15 | €35,647 | €18,933 | -€16,714 | -46.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,047 | €333 | -€16,714 | -98.0% |
| Amounts payable | 17/49 | €46,095 | €58,025 | +€11,930 | +25.9% |
| Amounts payable within one year | 42/48 | €42,432 | €58,025 | +€15,593 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €31,082 | €25,000 | -€6,082 | -19.6% |
| Trade debts | 44 | €2,145 | €15,093 | +€12,948 | +603.6% |
| Suppliers | 440/4 | €2,145 | €15,093 | +€12,948 | +603.6% |
| Taxes, remuneration and social security | 45 | €4,237 | €5,965 | +€1,727 | +40.8% |
| Taxes | 450/3 | €4,237 | €5,965 | +€1,727 | +40.8% |
| Other amounts payable | 47/48 | €4,967 | €11,967 | +€7,000 | +140.9% |
| Accrued charges and deferred income | 492/3 | €3,664 | €0 | -€3,663 | -100.0% |
| Remuneration, social security and pensions | 62 | €11,950 | €27,985 | +€16,034 | +134.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €1,080 | +€271 | +33.5% |
| Other operating charges | 640/8 | €384 | €485 | +€100 | +26.1% |
| Gross operating margin | 9900 | €42,605 | €16,217 | -€26,388 | -61.9% |
| Operating profit (loss) | 9901 | €29,461 | -€13,333 | -€42,794 | |
| Financial income | 75/76B | €85 | €112 | +€27 | +31.2% |
| Recurring financial income | 75 | €85 | €112 | +€27 | +31.2% |
| Financial charges | 65/66B | €2,507 | €3,493 | +€986 | +39.3% |
| Recurring financial charges | 65 | €2,507 | €3,493 | +€986 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €27,039 | -€16,714 | -€43,753 | |
| Income taxes | 67/77 | €3,784 | - | -€3,784 | |
| Profit (loss) for the period | 9904 | €23,255 | -€16,714 | -€39,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,255 | -€16,714 | -€39,968 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.