FLF GROUP: 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.
FLF GROUP
Largest movements
- Receivables within one year +€116,414
up €116,414 (+106.4%), from €109,451 to €225,865
of which Other amounts receivable: +€135,774
- Cash -€20,647
down €20,647 (-96.1%), from €21,489 to €842
mainly Receivables within one year (-€116,414) and Deferred charges and accrued income (-€10,002)
- Deferred charges and accrued income +€10,002
up €10,002 (+6327.3%), from €158 to €10,160
- Reserves +€96,228
up €96,228 (+96.7%), from €99,474 to €195,702
- Tax, wage and social debts +€10,276
up €10,276 (+58.3%), from €17,618 to €27,894
of which Taxes: +€10,276
- Trade debts -€4,703
down €4,703 (-53.5%), from €8,797 to €4,094
- Advances received +€4,000
new in 2025: €4,000
- Gross operating margin +€21,571
up €21,571 (+22.4%), from €96,399 to €117,969
- Taxes +€6,412
up €6,412 (+31.0%), from €20,669 to €27,081
- Financial income +€5,385
up €5,385 (+180.4%), from €2,985 to €8,370
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 | €134,282 | €238,363 | +€104,081 | +77.5% |
| Fixed assets | 21/28 | €3,183 | €1,495 | -€1,688 | -53.0% |
| Tangible fixed assets | 22/27 | €3,183 | €1,495 | -€1,688 | -53.0% |
| Leasing and similar rights | 25 | €3,183 | €1,495 | -€1,688 | -53.0% |
| Current assets | 29/58 | €131,099 | €236,868 | +€105,769 | +80.7% |
| Amounts receivable within one year | 40/41 | €109,451 | €225,865 | +€116,414 | +106.4% |
| Trade receivables | 40 | €19,360 | €0 | -€19,360 | -100.0% |
| Other amounts receivable | 41 | €90,091 | €225,865 | +€135,774 | +150.7% |
| Cash at bank and in hand | 54/58 | €21,489 | €842 | -€20,647 | -96.1% |
| Deferred charges and accrued income | 490/1 | €158 | €10,160 | +€10,002 | +6327.3% |
| Total equity and liabilities | 10/49 | €134,282 | €238,363 | +€104,081 | +77.5% |
| Equity | 10/15 | €104,474 | €200,702 | +€96,228 | +92.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,474 | €195,702 | +€96,228 | +96.7% |
| Distributable reserves | 133 | €99,474 | €195,702 | +€96,228 | +96.7% |
| Amounts payable | 17/49 | €29,808 | €37,661 | +€7,853 | +26.3% |
| Amounts payable after more than one year | 17 | €1,673 | €0 | -€1,673 | -100.0% |
| Financial debts | 170/4 | €1,673 | €0 | -€1,673 | -100.0% |
| Amounts payable within one year | 42/48 | €28,135 | €37,661 | +€9,526 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €1,720 | €1,673 | -€47 | -2.7% |
| Trade debts | 44 | €8,797 | €4,094 | -€4,703 | -53.5% |
| Suppliers | 440/4 | €8,797 | €4,094 | -€4,703 | -53.5% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €17,618 | €27,894 | +€10,276 | +58.3% |
| Taxes | 450/3 | €15,419 | €25,695 | +€10,276 | +66.6% |
| Remuneration and social security | 454/9 | €2,199 | €2,199 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €1,688 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €756 | +€368 | +95.1% |
| Gross operating margin | 9900 | €96,399 | €117,969 | +€21,571 | +22.4% |
| Operating profit (loss) | 9901 | €94,323 | €115,525 | +€21,202 | +22.5% |
| Financial income | 75/76B | €2,985 | €8,370 | +€5,385 | +180.4% |
| Recurring financial income | 75 | €2,985 | €8,370 | +€5,385 | +180.4% |
| Financial charges | 65/66B | €786 | €586 | -€200 | -25.4% |
| Recurring financial charges | 65 | €786 | €586 | -€200 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €96,522 | €123,309 | +€26,787 | +27.8% |
| Income taxes | 67/77 | €20,669 | €27,081 | +€6,412 | +31.0% |
| Profit (loss) for the period | 9904 | €75,853 | €96,228 | +€20,375 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,853 | €96,228 | +€20,375 | +26.9% |
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 5 October 2026 via checked.be.