FLEURMEULEN: 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.
FLEURMEULEN
Largest movements
- Cash -€103,570
down €103,570 (-29.6%), from €349,694 to €246,124
mainly Trade debts (-€97,140) and Other debts (-€71,429)
- Receivables within one year -€66,522
down €66,522 (-42.2%), from €157,676 to €91,155
of which Trade receivables: -€75,485
- Tangible fixed assets +€36,699
up €36,699 (+82.4%), from €44,516 to €81,215
of which Furniture and vehicles: +€42,183
- Stocks and contracts -€15,570
down €15,570 (-10.7%), from €145,184 to €129,614
- Trade debts -€97,140
down €97,140 (-75.0%), from €129,495 to €32,355
- Other debts -€71,429
down €71,429 (-100%), from €71,429 to €0
- Debts after one year +€37,714
up €37,714, from €0 to €37,714
- Reserves -€22,568
down €22,568 (-5.3%), from €422,305 to €399,737
- Current portion of long-term debt +€15,350
up €15,350 (+835%), from €1,838 to €17,188
- Gross operating margin -€102,234
down €102,234 (-27.5%), from €372,282 to €270,048
- Taxes -€38,763
down €38,763 (-98.8%), from €39,232 to €469
- Staff costs +€14,459
up €14,459 (+6.5%), from €221,578 to €236,037
- Depreciation +€11,275
up €11,275 (+50.8%), from €22,180 to €33,455
- Write-downs +€10,494
new in 2026: €10,494
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €708,170 | €563,956 | -€144,214 | -20.4% |
| Fixed assets | 21/28 | €44,701 | €81,400 | +€36,699 | +82.1% |
| Tangible fixed assets | 22/27 | €44,516 | €81,215 | +€36,699 | +82.4% |
| Plant, machinery and equipment | 23 | €19,705 | €14,221 | -€5,484 | -27.8% |
| Furniture and vehicles | 24 | €24,810 | €66,994 | +€42,183 | +170% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €663,470 | €482,557 | -€180,913 | -27.3% |
| Stocks and contracts in progress | 3 | €145,184 | €129,614 | -€15,570 | -10.7% |
| Stocks | 30/36 | €145,184 | €129,614 | -€15,570 | -10.7% |
| Amounts receivable within one year | 40/41 | €157,676 | €91,155 | -€66,522 | -42.2% |
| Trade receivables | 40 | €131,241 | €55,756 | -€75,485 | -57.5% |
| Other amounts receivable | 41 | €26,435 | €35,399 | +€8,963 | +33.9% |
| Cash at bank and in hand | 54/58 | €349,694 | €246,124 | -€103,570 | -29.6% |
| Deferred charges and accrued income | 490/1 | €10,916 | €15,665 | +€4,749 | +43.5% |
| Total equity and liabilities | 10/49 | €708,170 | €563,956 | -€144,214 | -20.4% |
| Equity | 10/15 | €472,305 | €449,737 | -€22,568 | -4.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €422,305 | €399,737 | -€22,568 | -5.3% |
| Distributable reserves | 133 | €422,305 | €399,737 | -€22,568 | -5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €235,865 | €114,220 | -€121,646 | -51.6% |
| Amounts payable after more than one year | 17 | €0 | €37,714 | +€37,714 | |
| Financial debts | 170/4 | €0 | €37,714 | +€37,714 | |
| Amounts payable within one year | 42/48 | €235,243 | €76,423 | -€158,820 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €1,838 | €17,188 | +€15,350 | +835% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €129,495 | €32,355 | -€97,140 | -75.0% |
| Suppliers | 440/4 | €129,495 | €32,355 | -€97,140 | -75.0% |
| Advances received on contracts in progress | 46 | €867 | €0 | -€867 | -100% |
| Taxes, remuneration and social security | 45 | €31,614 | €26,880 | -€4,734 | -15.0% |
| Taxes | 450/3 | €1,195 | €0 | -€1,195 | -100% |
| Remuneration and social security | 454/9 | €30,419 | €26,880 | -€3,539 | -11.6% |
| Other amounts payable | 47/48 | €71,429 | €0 | -€71,429 | -100% |
| Accrued charges and deferred income | 492/3 | €623 | €83 | -€540 | -86.7% |
| Non-recurring operating income | 76A | €0 | €7,624 | +€7,624 | |
| Remuneration, social security and pensions | 62 | €221,578 | €236,037 | +€14,459 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,180 | €33,455 | +€11,275 | +50.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,494 | +€10,494 | |
| Other operating charges | 640/8 | €5,127 | €4,647 | -€480 | -9.4% |
| Non-recurring operating charges | 66A | €651 | €0 | -€651 | -100% |
| Gross operating margin | 9900 | €372,282 | €270,048 | -€102,234 | -27.5% |
| Operating profit (loss) | 9901 | €122,747 | -€14,584 | -€137,331 | |
| Financial income | 75/76B | €2,368 | €2,334 | -€35 | -1.5% |
| Recurring financial income | 75 | €2,368 | €2,334 | -€35 | -1.5% |
| Financial charges | 65/66B | €10,772 | €9,848 | -€924 | -8.6% |
| Recurring financial charges | 65 | €10,772 | €9,848 | -€924 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €114,343 | -€22,099 | -€136,441 | |
| Income taxes | 67/77 | €39,232 | €469 | -€38,763 | -98.8% |
| Profit (loss) for the period | 9904 | €75,111 | -€22,568 | -€97,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,111 | -€22,568 | -€97,679 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.