FLEMI: 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.
FLEMI
Largest movements
- Tangible fixed assets +€24,385
up €24,385 (+111%), from €21,894 to €46,279
of which Land and buildings: +€33,900
- Cash +€6,146
up €6,146 (+42.5%), from €14,454 to €20,599
mainly Other debts (+€65,028) and Net result for the year (+€53,243)
- Debts after one year -€68,134
down €68,134 (-28.8%), from €236,239 to €168,105
- Other debts +€65,028
up €65,028 (+1,801%), from €3,610 to €68,638
- Reserves +€53,243
up €53,243 (+32.1%), from €165,741 to €218,984
- Advances received -€9,407
down €9,407 (-100%), from €9,407 to €0
- Short-term financial debts -€6,250
down €6,250 (-41.7%), from €15,000 to €8,750
- Gross operating margin -€1,731
down €1,731 (-2.0%), from €88,640 to €86,908
- Financial charges -€1,154
down €1,154 (-27.9%), from €4,143 to €2,989
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.
Derived cash bridge
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 | €512,135 | €546,397 | +€34,262 | +6.7% |
| Formation expenses | 20 | €338 | €122 | -€217 | -64.0% |
| Fixed assets | 21/28 | €495,894 | €520,279 | +€24,385 | +4.9% |
| Tangible fixed assets | 22/27 | €21,894 | €46,279 | +€24,385 | +111% |
| Land and buildings | 22 | - | €33,900 | +€33,900 | |
| Plant, machinery and equipment | 23 | - | €1,477 | +€1,477 | |
| Leasing and similar rights | 25 | €21,894 | €10,902 | -€10,992 | -50.2% |
| Financial fixed assets | 28 | €474,000 | €474,000 | = | 0.0% |
| Current assets | 29/58 | €15,903 | €25,996 | +€10,094 | +63.5% |
| Amounts receivable within one year | 40/41 | €0 | €5,290 | +€5,290 | |
| Trade receivables | 40 | €0 | €1,038 | +€1,038 | |
| Other amounts receivable | 41 | - | €4,253 | +€4,253 | |
| Cash at bank and in hand | 54/58 | €14,454 | €20,599 | +€6,146 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,449 | €107 | -€1,342 | -92.6% |
| Total equity and liabilities | 10/49 | €512,135 | €546,397 | +€34,262 | +6.7% |
| Equity | 10/15 | €168,741 | €221,984 | +€53,243 | +31.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €165,741 | €218,984 | +€53,243 | +32.1% |
| Distributable reserves | 133 | €165,741 | €218,984 | +€53,243 | +32.1% |
| Amounts payable | 17/49 | €343,393 | €324,413 | -€18,981 | -5.5% |
| Amounts payable after more than one year | 17 | €236,239 | €168,105 | -€68,134 | -28.8% |
| Financial debts | 170/4 | €236,239 | €168,105 | -€68,134 | -28.8% |
| Amounts payable within one year | 42/48 | €107,154 | €156,308 | +€49,154 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €67,344 | €68,134 | +€790 | +1.2% |
| Financial debts | 43 | €15,000 | €8,750 | -€6,250 | -41.7% |
| Credit institutions | 430/8 | €15,000 | €8,750 | -€6,250 | -41.7% |
| Trade debts | 44 | €2,663 | €2,082 | -€581 | -21.8% |
| Suppliers | 440/4 | €2,663 | €2,082 | -€581 | -21.8% |
| Advances received on contracts in progress | 46 | €9,407 | €0 | -€9,407 | -100% |
| Taxes, remuneration and social security | 45 | €9,130 | €8,703 | -€427 | -4.7% |
| Taxes | 450/3 | €9,130 | €8,703 | -€427 | -4.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,610 | €68,638 | +€65,028 | +1,801% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,209 | €11,699 | +€491 | +4.4% |
| Other operating charges | 640/8 | €775 | €1,230 | +€455 | +58.7% |
| Gross operating margin | 9900 | €88,640 | €86,908 | -€1,731 | -2.0% |
| Operating profit (loss) | 9901 | €76,657 | €73,979 | -€2,677 | -3.5% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100.0% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100.0% |
| Financial charges | 65/66B | €4,143 | €2,989 | -€1,154 | -27.9% |
| Recurring financial charges | 65 | €4,143 | €2,989 | -€1,154 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €72,552 | €70,990 | -€1,562 | -2.2% |
| Income taxes | 67/77 | €18,138 | €17,748 | -€390 | -2.2% |
| Profit (loss) for the period | 9904 | €54,414 | €53,243 | -€1,171 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,414 | €53,243 | -€1,171 | -2.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.