FLEUMACO: 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.
FLEUMACO
Largest movements
- Tangible fixed assets -€17,811
down €17,811 (-1.9%), from €953,287 to €935,475
of which Land and buildings: -€12,406
- Debts after one year -€45,861
down €45,861 (-9.1%), from €502,977 to €457,116
- Other debts +€13,573
up €13,573 (+12.4%), from €109,648 to €123,221
- Depreciation -€1,295
down €1,295 (-4.8%), from €26,756 to €25,461
- Other operating charges -€851
down €851 (-26.3%), from €3,239 to €2,388
- Financial charges +€698
up €698 (+6.8%), from €10,242 to €10,939
- Taxes +€587
up €587 (+16.2%), from €3,615 to €4,203
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 | €1,011,683 | €988,299 | -€23,384 | -2.3% |
| Fixed assets | 21/28 | €953,651 | €935,840 | -€17,811 | -1.9% |
| Tangible fixed assets | 22/27 | €953,287 | €935,475 | -€17,811 | -1.9% |
| Land and buildings | 22 | €942,152 | €929,745 | -€12,406 | -1.3% |
| Plant, machinery and equipment | 23 | €9,801 | €5,730 | -€4,071 | -41.5% |
| Furniture and vehicles | 24 | €1,334 | €0 | -€1,334 | -100% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €58,032 | €52,460 | -€5,572 | -9.6% |
| Amounts receivable within one year | 40/41 | €51,170 | €42,352 | -€8,818 | -17.2% |
| Trade receivables | 40 | €0 | €258 | +€258 | |
| Other amounts receivable | 41 | €51,170 | €42,093 | -€9,077 | -17.7% |
| Cash at bank and in hand | 54/58 | €6,862 | €10,108 | +€3,246 | +47.3% |
| Total equity and liabilities | 10/49 | €1,011,683 | €988,299 | -€23,384 | -2.3% |
| Equity | 10/15 | €348,611 | €358,052 | +€9,441 | +2.7% |
| Contributions | 10/11 | €24,044 | €24,044 | = | 0.0% |
| Reserves | 13 | €324,568 | €334,009 | +€9,441 | +2.9% |
| Non-distributable reserves | 130/1 | €2,404 | €2,404 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,404 | €2,404 | = | 0.0% |
| Distributable reserves | 133 | €322,163 | €331,604 | +€9,441 | +2.9% |
| Amounts payable | 17/49 | €663,072 | €630,247 | -€32,825 | -5.0% |
| Amounts payable after more than one year | 17 | €502,977 | €457,116 | -€45,861 | -9.1% |
| Financial debts | 170/4 | €502,977 | €457,116 | -€45,861 | -9.1% |
| Amounts payable within one year | 42/48 | €158,337 | €171,373 | +€13,036 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €45,407 | €45,861 | +€453 | +1.0% |
| Trade debts | 44 | €2,005 | €0 | -€2,005 | -100% |
| Suppliers | 440/4 | €2,005 | €0 | -€2,005 | -100% |
| Taxes, remuneration and social security | 45 | €1,277 | €2,292 | +€1,015 | +79.4% |
| Taxes | 450/3 | €1,277 | €2,292 | +€1,015 | +79.4% |
| Other amounts payable | 47/48 | €109,648 | €123,221 | +€13,573 | +12.4% |
| Accrued charges and deferred income | 492/3 | €1,758 | €1,758 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,756 | €25,461 | -€1,295 | -4.8% |
| Other operating charges | 640/8 | €3,239 | €2,388 | -€851 | -26.3% |
| Gross operating margin | 9900 | €51,428 | €51,509 | +€81 | +0.2% |
| Operating profit (loss) | 9901 | €21,433 | €23,660 | +€2,226 | +10.4% |
| Financial income | 75/76B | €1,003 | €923 | -€80 | -8.0% |
| Recurring financial income | 75 | €1,003 | €923 | -€80 | -8.0% |
| Financial charges | 65/66B | €10,242 | €10,939 | +€698 | +6.8% |
| Recurring financial charges | 65 | €10,242 | €10,939 | +€698 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €12,195 | €13,644 | +€1,449 | +11.9% |
| Income taxes | 67/77 | €3,615 | €4,203 | +€587 | +16.2% |
| Profit (loss) for the period | 9904 | €8,579 | €9,441 | +€861 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,579 | €9,441 | +€861 | +10.0% |
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 18 October 2026 via checked.be.