Fleming Invest: 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.
Fleming Invest
Largest movements
- Receivables within one year +€111,329
up €111,329 (+8.8%), from €1.3m to €1.4m
of which Other amounts receivable: +€135,834
- Cash -€86,792
down €86,792 (-99.2%), from €87,515 to €723
mainly Investment in fixed assets (net) (-€132,721) and Receivables within one year (-€111,329)
- Profit (loss) carried forward -€88,754
down €88,754 (-328%), from -€27,047 to -€115,801
- Other debts +€73,334
up €73,334, from €0 to €73,334
- Staff costs -€89,531
down €89,531, from €87,844 to -€1,687
- Gross operating margin -€85,611
down €85,611 (-79.3%), from €108,003 to €22,393
- Depreciation +€18,368
up €18,368 (+16.8%), from €109,240 to €127,608
- Financial income +€12,178
up €12,178 (+88.1%), from €13,820 to €25,998
- Financial charges -€1,521
down €1,521 (-85.6%), from €1,777 to €256
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 | €2,652,345 | €2,682,934 | +€30,590 | +1.2% |
| Fixed assets | 21/28 | €1,298,043 | €1,303,156 | +€5,113 | +0.4% |
| Intangible fixed assets | 21 | €12,000 | €0 | -€12,000 | -100% |
| Tangible fixed assets | 22/27 | €1,286,043 | €1,303,156 | +€17,113 | +1.3% |
| Land and buildings | 22 | €1,187,200 | €1,189,752 | +€2,552 | +0.2% |
| Plant, machinery and equipment | 23 | €3,461 | €2,389 | -€1,072 | -31.0% |
| Furniture and vehicles | 24 | €92,795 | €109,003 | +€16,208 | +17.5% |
| Other tangible fixed assets | 26 | €2,587 | €2,012 | -€575 | -22.2% |
| Current assets | 29/58 | €1,354,302 | €1,379,778 | +€25,476 | +1.9% |
| Amounts receivable within one year | 40/41 | €1,265,874 | €1,377,203 | +€111,329 | +8.8% |
| Trade receivables | 40 | €32,321 | €7,816 | -€24,505 | -75.8% |
| Other amounts receivable | 41 | €1,233,553 | €1,369,387 | +€135,834 | +11.0% |
| Cash at bank and in hand | 54/58 | €87,515 | €723 | -€86,792 | -99.2% |
| Deferred charges and accrued income | 490/1 | €912 | €1,852 | +€940 | +103% |
| Total equity and liabilities | 10/49 | €2,652,345 | €2,682,934 | +€30,590 | +1.2% |
| Equity | 10/15 | €2,640,142 | €2,551,388 | -€88,754 | -3.4% |
| Contributions | 10/11 | €2,375,393 | €2,375,393 | = | 0.0% |
| Reserves | 13 | €291,796 | €291,796 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95,467 | €95,467 | = | 0.0% |
| Reserves not available under the articles | 1311 | €95,467 | €95,467 | = | 0.0% |
| Distributable reserves | 133 | €196,329 | €196,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,047 | -€115,801 | -€88,754 | -328% |
| Amounts payable | 17/49 | €12,203 | €131,547 | +€119,344 | +978% |
| Amounts payable after more than one year | 17 | - | €23,761 | +€23,761 | |
| Financial debts | 170/4 | - | €23,761 | +€23,761 | |
| Amounts payable within one year | 42/48 | €10,580 | €98,947 | +€88,368 | +835% |
| Current portion of amounts payable after more than one year | 42 | - | €17,554 | +€17,554 | |
| Trade debts | 44 | €9,456 | €3,702 | -€5,754 | -60.9% |
| Suppliers | 440/4 | €9,456 | €3,702 | -€5,754 | -60.9% |
| Taxes, remuneration and social security | 45 | €1,124 | €4,358 | +€3,234 | +288% |
| Taxes | 450/3 | €1,124 | €4,358 | +€3,234 | +288% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €73,334 | +€73,334 | |
| Accrued charges and deferred income | 492/3 | €1,623 | €8,838 | +€7,215 | +445% |
| Non-recurring operating income | 76A | €8,780 | €0 | -€8,780 | -100% |
| Remuneration, social security and pensions | 62 | €87,844 | -€1,687 | -€89,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,240 | €127,608 | +€18,368 | +16.8% |
| Other operating charges | 640/8 | €11,027 | €10,968 | -€59 | -0.5% |
| Non-recurring operating charges | 66A | €13,425 | €0 | -€13,425 | -100% |
| Gross operating margin | 9900 | €108,003 | €22,393 | -€85,611 | -79.3% |
| Operating profit (loss) | 9901 | -€113,533 | -€114,496 | -€964 | -0.8% |
| Financial income | 75/76B | €13,820 | €25,998 | +€12,178 | +88.1% |
| Recurring financial income | 75 | €13,820 | €25,998 | +€12,178 | +88.1% |
| Financial charges | 65/66B | €1,777 | €256 | -€1,521 | -85.6% |
| Recurring financial charges | 65 | €1,777 | €256 | -€1,521 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€101,490 | -€88,754 | +€12,736 | +12.5% |
| Income taxes | 67/77 | €586 | €0 | -€586 | -100% |
| Profit (loss) for the period | 9904 | -€102,076 | -€88,754 | +€13,321 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,076 | -€88,754 | +€13,321 | +13.1% |
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 29 October 2026 via checked.be.