FLG Belgium: 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.
FLG Belgium
Largest movements
- Cash -€794,650
down €794,650 (-87.7%), from €906,345 to €111,695
mainly Other debts (-€726,042) and Current investments (-€149,637)
- Current investments +€149,637
new in 2025: €149,637
- Tangible fixed assets -€10,883
down €10,883 (-20.6%), from €52,812 to €41,930
of which Furniture and vehicles: -€10,883
- Receivables within one year -€10,060
down €10,060 (-25.8%), from €39,003 to €28,944
of which Other amounts receivable: -€25,876
- Other debts -€726,042
down €726,042 (-99.9%), from €726,826 to €785
- Reserves +€62,697
up €62,697 (+25.7%), from €244,158 to €306,855
- Gross operating margin -€287,050
down €287,050 (-73.1%), from €392,704 to €105,654
- Taxes -€90,062
down €90,062 (-73.0%), from €123,369 to €33,307
- Depreciation +€10,272
up €10,272 (+1,681%), from €611 to €10,883
- Financial income -€9,395
down €9,395 (-66.4%), from €14,138 to €4,744
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 | €999,960 | €337,631 | -€662,329 | -66.2% |
| Fixed assets | 21/28 | €54,012 | €43,130 | -€10,883 | -20.1% |
| Tangible fixed assets | 22/27 | €52,812 | €41,930 | -€10,883 | -20.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €52,812 | €41,930 | -€10,883 | -20.6% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €945,948 | €294,501 | -€651,447 | -68.9% |
| Amounts receivable within one year | 40/41 | €39,003 | €28,944 | -€10,060 | -25.8% |
| Trade receivables | 40 | €12,242 | €28,058 | +€15,816 | +129% |
| Other amounts receivable | 41 | €26,761 | €885 | -€25,876 | -96.7% |
| Current investments | 50/53 | - | €149,637 | +€149,637 | |
| Cash at bank and in hand | 54/58 | €906,345 | €111,695 | -€794,650 | -87.7% |
| Deferred charges and accrued income | 490/1 | €600 | €4,226 | +€3,626 | +605% |
| Total equity and liabilities | 10/49 | €999,960 | €337,631 | -€662,329 | -66.2% |
| Equity | 10/15 | €247,758 | €310,455 | +€62,697 | +25.3% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €244,158 | €306,855 | +€62,697 | +25.7% |
| Distributable reserves | 133 | €244,158 | €306,855 | +€62,697 | +25.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €752,202 | €27,176 | -€725,026 | -96.4% |
| Amounts payable within one year | 42/48 | €751,590 | €27,176 | -€724,414 | -96.4% |
| Trade debts | 44 | €1,164 | €561 | -€603 | -51.8% |
| Suppliers | 440/4 | €1,164 | €561 | -€603 | -51.8% |
| Taxes, remuneration and social security | 45 | €23,599 | €25,830 | +€2,231 | +9.5% |
| Taxes | 450/3 | €23,599 | €25,830 | +€2,231 | +9.5% |
| Other amounts payable | 47/48 | €726,826 | €785 | -€726,042 | -99.9% |
| Accrued charges and deferred income | 492/3 | €612 | €0 | -€612 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €10,883 | +€10,272 | +1,681% |
| Other operating charges | 640/8 | €894 | €2,880 | +€1,986 | +222% |
| Gross operating margin | 9900 | €392,704 | €105,654 | -€287,050 | -73.1% |
| Operating profit (loss) | 9901 | €391,198 | €91,891 | -€299,307 | -76.5% |
| Financial income | 75/76B | €14,138 | €4,744 | -€9,395 | -66.4% |
| Recurring financial income | 75 | €14,138 | €4,744 | -€9,395 | -66.4% |
| Financial charges | 65/66B | €235 | €630 | +€396 | +169% |
| Recurring financial charges | 65 | €235 | €630 | +€396 | +169% |
| Profit (loss) for the period before taxes | 9903 | €405,102 | €96,004 | -€309,098 | -76.3% |
| Income taxes | 67/77 | €123,369 | €33,307 | -€90,062 | -73.0% |
| Profit (loss) for the period | 9904 | €281,733 | €62,697 | -€219,036 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €281,733 | €62,697 | -€219,036 | -77.7% |
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 27 October 2026 via checked.be.