Flemings: 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.
Flemings
Largest movements
- Cash +€20,074
up €20,074 (+121.2%), from €16,556 to €36,629
mainly Receivables within one year (+€18,334) and Net result for the year (+€12,311)
- Receivables within one year -€18,334
down €18,334 (-25.4%), from €72,072 to €53,738
of which Trade receivables: -€21,948
- Tangible fixed assets -€4,204
down €4,204 (-20.7%), from €20,263 to €16,059
of which Plant, machinery and equipment: -€3,732
- Deferred charges and accrued income +€2,663
up €2,663 (+915.9%), from €291 to €2,954
- Trade debts -€13,816
down €13,816 (-40.2%), from €34,402 to €20,586
- Other debts +€11,619
up €11,619, from €0 to €11,619
- Tax, wage and social debts +€7,161
up €7,161 (+92.7%), from €7,728 to €14,889
- Debts after one year -€4,157
down €4,157 (-30.0%), from €13,842 to €9,685
- Taxes -€2,284
down €2,284 (-32.4%), from €7,043 to €4,759
- Other operating charges +€1,982
up €1,982 (+64.6%), from €3,069 to €5,050
- Gross operating margin -€1,846
down €1,846 (-6.6%), from €28,096 to €26,250
- Financial income +€508
up €508 (+93.4%), from €544 to €1,051
- Depreciation -€449
down €449 (-9.7%), from €4,653 to €4,204
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 | €112,901 | €113,100 | +€199 | +0.2% |
| Fixed assets | 21/28 | €23,983 | €19,779 | -€4,204 | -17.5% |
| Tangible fixed assets | 22/27 | €20,263 | €16,059 | -€4,204 | -20.7% |
| Plant, machinery and equipment | 23 | €18,967 | €15,236 | -€3,732 | -19.7% |
| Furniture and vehicles | 24 | €1,295 | €823 | -€472 | -36.5% |
| Financial fixed assets | 28 | €3,720 | €3,720 | = | 0.0% |
| Current assets | 29/58 | €88,918 | €93,321 | +€4,403 | +5.0% |
| Amounts receivable within one year | 40/41 | €72,072 | €53,738 | -€18,334 | -25.4% |
| Trade receivables | 40 | €52,677 | €30,728 | -€21,948 | -41.7% |
| Other amounts receivable | 41 | €19,395 | €23,010 | +€3,615 | +18.6% |
| Cash at bank and in hand | 54/58 | €16,556 | €36,629 | +€20,074 | +121.2% |
| Deferred charges and accrued income | 490/1 | €291 | €2,954 | +€2,663 | +915.9% |
| Total equity and liabilities | 10/49 | €112,901 | €113,100 | +€199 | +0.2% |
| Equity | 10/15 | €52,536 | €52,164 | -€373 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,936 | €33,564 | -€373 | -1.1% |
| Distributable reserves | 133 | €33,936 | €33,564 | -€373 | -1.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €60,365 | €60,936 | +€572 | +0.9% |
| Amounts payable after more than one year | 17 | €13,842 | €9,685 | -€4,157 | -30.0% |
| Financial debts | 170/4 | €13,842 | €9,685 | -€4,157 | -30.0% |
| Amounts payable within one year | 42/48 | €46,355 | €51,251 | +€4,896 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €4,225 | €4,157 | -€68 | -1.6% |
| Trade debts | 44 | €34,402 | €20,586 | -€13,816 | -40.2% |
| Suppliers | 440/4 | €34,402 | €20,586 | -€13,816 | -40.2% |
| Taxes, remuneration and social security | 45 | €7,728 | €14,889 | +€7,161 | +92.7% |
| Taxes | 450/3 | €7,728 | €14,889 | +€7,161 | +92.7% |
| Other amounts payable | 47/48 | €0 | €11,619 | +€11,619 | |
| Accrued charges and deferred income | 492/3 | €168 | €0 | -€168 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,653 | €4,204 | -€449 | -9.7% |
| Other operating charges | 640/8 | €3,069 | €5,050 | +€1,982 | +64.6% |
| Gross operating margin | 9900 | €28,096 | €26,250 | -€1,846 | -6.6% |
| Operating profit (loss) | 9901 | €20,375 | €16,996 | -€3,379 | -16.6% |
| Financial income | 75/76B | €544 | €1,051 | +€508 | +93.4% |
| Recurring financial income | 75 | €544 | €1,051 | +€508 | +93.4% |
| Financial charges | 65/66B | €1,318 | €978 | -€340 | -25.8% |
| Recurring financial charges | 65 | €1,318 | €978 | -€340 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €19,600 | €17,070 | -€2,531 | -12.9% |
| Income taxes | 67/77 | €7,043 | €4,759 | -€2,284 | -32.4% |
| Profit (loss) for the period | 9904 | €12,557 | €12,311 | -€247 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,557 | €12,311 | -€247 | -2.0% |
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 12 October 2026 via checked.be.