FLEVAN: 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.
FLEVAN
Largest movements
- Tangible fixed assets +€99,176
up €99,176 (+13.0%), from €761,504 to €860,680
of which Land and buildings: +€99,176
- Other debts +€148,645
up €148,645 (+58.4%), from €254,559 to €403,205
- Reserves -€44,506
down €44,506 (-12.2%), from €364,115 to €319,609
of which Tax-exempt reserves: -€22,984
- Depreciation -€25,982
down €25,982 (-34.3%), from €75,750 to €49,768
- Financial income -€4,924
down €4,924 (-97.8%), from €5,033 to €110
- Gross operating margin -€1,763
down €1,763 (-23.5%), from €7,509 to €5,747
- Other operating charges +€1,516
up €1,516 (+27.9%), from €5,427 to €6,943
- Financial charges -€1,330
down €1,330 (-57.6%), from €2,307 to €977
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 | €776,358 | €878,698 | +€102,340 | +13.2% |
| Fixed assets | 21/28 | €761,504 | €860,680 | +€99,176 | +13.0% |
| Tangible fixed assets | 22/27 | €761,504 | €860,680 | +€99,176 | +13.0% |
| Land and buildings | 22 | €761,504 | €860,680 | +€99,176 | +13.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €14,854 | €18,018 | +€3,164 | +21.3% |
| Amounts receivable within one year | 40/41 | €1,963 | €1,209 | -€753 | -38.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,963 | €1,209 | -€753 | -38.4% |
| Cash at bank and in hand | 54/58 | €12,891 | €16,808 | +€3,917 | +30.4% |
| Total equity and liabilities | 10/49 | €776,358 | €878,698 | +€102,340 | +13.2% |
| Equity | 10/15 | €426,115 | €381,609 | -€44,506 | -10.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €364,115 | €319,609 | -€44,506 | -12.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €286,780 | €263,796 | -€22,984 | -8.0% |
| Distributable reserves | 133 | €71,135 | €49,613 | -€21,522 | -30.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €95,683 | €88,022 | -€7,661 | -8.0% |
| Deferred taxes | 168 | €95,683 | €88,022 | -€7,661 | -8.0% |
| Amounts payable | 17/49 | €254,559 | €409,066 | +€154,507 | +60.7% |
| Amounts payable within one year | 42/48 | €254,559 | €409,066 | +€154,507 | +60.7% |
| Trade debts | 44 | - | €5,548 | +€5,548 | |
| Suppliers | 440/4 | - | €5,548 | +€5,548 | |
| Taxes, remuneration and social security | 45 | - | €313 | +€313 | |
| Taxes | 450/3 | - | €313 | +€313 | |
| Other amounts payable | 47/48 | €254,559 | €403,205 | +€148,645 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,750 | €49,768 | -€25,982 | -34.3% |
| Other operating charges | 640/8 | €5,427 | €6,943 | +€1,516 | +27.9% |
| Gross operating margin | 9900 | €7,509 | €5,747 | -€1,763 | -23.5% |
| Operating profit (loss) | 9901 | -€73,668 | -€50,964 | +€22,704 | +30.8% |
| Financial income | 75/76B | €5,033 | €110 | -€4,924 | -97.8% |
| Recurring financial income | 75 | €5,033 | €110 | -€4,924 | -97.8% |
| Financial charges | 65/66B | €2,307 | €977 | -€1,330 | -57.6% |
| Recurring financial charges | 65 | €2,307 | €977 | -€1,330 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | -€70,941 | -€51,831 | +€19,110 | +26.9% |
| Transfer from deferred taxes | 780 | €9,964 | €7,661 | -€2,303 | -23.1% |
| Income taxes | 67/77 | €301 | €336 | +€35 | +11.6% |
| Profit (loss) for the period | 9904 | -€61,278 | -€44,506 | +€16,772 | +27.4% |
| Transfer from tax-exempt reserves | 789 | €29,892 | €22,984 | -€6,908 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,386 | -€21,522 | +€9,864 | +31.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.