FLEOS: 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.
FLEOS
Largest movements
- Intangible fixed assets +€127,934
new in 2025: €127,934
- Debts after one year +€80,832
up €80,832 (+76.8%), from €105,199 to €186,032
- Reserves +€12,898
up €12,898 (+3.6%), from €360,375 to €373,274
- Other debts +€12,707
up €12,707 (+26.2%), from €48,489 to €61,196
- Tax, wage and social debts +€8,062
up €8,062 (+2415.2%), from €334 to €8,396
of which Taxes: +€5,174
- Financial income -€79,063
no longer reported in 2025 (was €79,063)
- Gross operating margin -€18,026
down €18,026 (-23.7%), from €76,030 to €58,004
- Other operating charges +€5,460
up €5,460 (+382.2%), from €1,428 to €6,888
- Depreciation +€5,429
up €5,429 (+86.4%), from €6,281 to €11,710
- Taxes +€5,084
up €5,084 (+80.3%), from €6,334 to €11,417
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 | €589,209 | €714,296 | +€125,087 | +21.2% |
| Fixed assets | 21/28 | €557,497 | €679,963 | +€122,466 | +22.0% |
| Intangible fixed assets | 21 | - | €127,934 | +€127,934 | |
| Tangible fixed assets | 22/27 | €6,247 | €779 | -€5,467 | -87.5% |
| Furniture and vehicles | 24 | - | €779 | +€779 | |
| Leasing and similar rights | 25 | €6,247 | - | -€6,247 | |
| Financial fixed assets | 28 | €551,250 | €551,250 | = | 0.0% |
| Current assets | 29/58 | €31,712 | €34,334 | +€2,621 | +8.3% |
| Amounts receivable within one year | 40/41 | €29,623 | €29,081 | -€543 | -1.8% |
| Other amounts receivable | 41 | €29,623 | €29,081 | -€543 | -1.8% |
| Cash at bank and in hand | 54/58 | €1,267 | €5,042 | +€3,775 | +297.8% |
| Deferred charges and accrued income | 490/1 | €822 | €211 | -€611 | -74.3% |
| Total equity and liabilities | 10/49 | €589,209 | €714,296 | +€125,087 | +21.2% |
| Equity | 10/15 | €378,975 | €391,874 | +€12,898 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €360,375 | €373,274 | +€12,898 | +3.6% |
| Distributable reserves | 133 | €360,375 | €373,274 | +€12,898 | +3.6% |
| Amounts payable | 17/49 | €210,234 | €322,423 | +€112,189 | +53.4% |
| Amounts payable after more than one year | 17 | €105,199 | €186,032 | +€80,832 | +76.8% |
| Financial debts | 170/4 | €105,199 | €186,032 | +€80,832 | +76.8% |
| Amounts payable within one year | 42/48 | €105,034 | €136,391 | +€31,357 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €53,403 | €58,882 | +€5,479 | +10.3% |
| Trade debts | 44 | €2,808 | €7,917 | +€5,109 | +181.9% |
| Suppliers | 440/4 | €2,808 | €7,917 | +€5,109 | +181.9% |
| Taxes, remuneration and social security | 45 | €334 | €8,396 | +€8,062 | +2415.2% |
| Taxes | 450/3 | €334 | €5,507 | +€5,174 | +1549.9% |
| Remuneration and social security | 454/9 | - | €2,889 | +€2,889 | |
| Other amounts payable | 47/48 | €48,489 | €61,196 | +€12,707 | +26.2% |
| Non-recurring operating income | 76A | €257 | - | -€257 | |
| Remuneration, social security and pensions | 62 | €2,417 | €4,419 | +€2,003 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,281 | €11,710 | +€5,429 | +86.4% |
| Other operating charges | 640/8 | €1,428 | €6,888 | +€5,460 | +382.2% |
| Gross operating margin | 9900 | €76,030 | €58,004 | -€18,026 | -23.7% |
| Operating profit (loss) | 9901 | €65,904 | €34,987 | -€30,917 | -46.9% |
| Financial income | 75/76B | €79,063 | - | -€79,063 | |
| Recurring financial income | 75 | €79,063 | - | -€79,063 | |
| Financial charges | 65/66B | €4,119 | €5,934 | +€1,815 | +44.1% |
| Recurring financial charges | 65 | €4,119 | €5,934 | +€1,815 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €140,848 | €29,053 | -€111,795 | -79.4% |
| Income taxes | 67/77 | €6,334 | €11,417 | +€5,084 | +80.3% |
| Profit (loss) for the period | 9904 | €134,514 | €17,635 | -€116,879 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,514 | €17,635 | -€116,879 | -86.9% |
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 28 September 2026 via checked.be.