FLG GROUP: 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.
What changed
FLG GROUP
NACE 74.999, Other professional, scientific and technical activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€136,805
2024 · -€182,931+€46,127
Equity
-€258,339
2024 · -€121,535-€136,805
Cash
€5,021
2024 · €9,147-€4,126
Balance sheet total
€886,274
2024 · €1.1m-€195,155
Largest movements
Assets
- Receivables within one year -€183,581
down €183,581 (-63.1%), from €290,803 to €107,222
of which Trade receivables: -€156,426
Equity and liabilities
- Other debts +€165,556
up €165,556 (+881%), from €18,790 to €184,346
- Profit (loss) carried forward -€136,805
down €136,805 (-96.2%), from -€142,276 to -€279,081
- Debts after one year -€129,215
down €129,215 (-20.8%), from €621,112 to €491,897
- Tax, wage and social debts -€104,293
down €104,293 (-76.1%), from €137,087 to €32,794
of which Taxes: -€86,950
- Current portion of long-term debt +€45,059
up €45,059 (+34.5%), from €130,601 to €175,660
Income statement
- Staff costs -€37,303
down €37,303 (-23.8%), from €156,672 to €119,369
- Gross operating margin +€11,456
up €11,456 (+28.8%), from €39,722 to €51,178
- Other operating charges +€3,282
up €3,282 (+16.5%), from €19,906 to €23,188
- Depreciation -€1,016
down €1,016 (-8.4%), from €12,099 to €11,083
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.
Result 2024
-€182,931
Gross operating margin
+€11,456
Staff costs
+€37,303
Depreciation
+€1,016
Other operating charges
-€3,282
Financial income
-€447
Financial charges
+€26
Taxes
+€56
Result 2025
-€136,805
raises the resultlowers the result
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.
From operations
+€80,652
Investment
-€1,246
Financing
-€83,533
Cash 2024
€9,147
From operations (derived)
+€80,652
Net result for the year
-€136,805
Depreciation
+€11,083
Receivables within one year
+€183,581
Deferred charges and accrued income
-€2,389
Trade debts
-€37,467
Tax, wage and social debts
-€104,293
Advances received
-€2,111
Other debts
+€165,556
Accrued charges and deferred income
+€3,498
Investment (derived)
-€1,246
Investment in fixed assets (net)
-€1,246
Financing
-€83,533
Debts after one year
-€129,215
Current portion of long-term debt
+€45,059
Short-term financial debts
+€624
Cash 2025
€5,021
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,081,428 | €886,274 | -€195,155 | -18.0% |
| Fixed assets | 21/28 | €776,403 | €766,566 | -€9,837 | -1.3% |
| Tangible fixed assets | 22/27 | €351,403 | €341,566 | -€9,837 | -2.8% |
| Land and buildings | 22 | €344,548 | €337,951 | -€6,597 | -1.9% |
| Plant, machinery and equipment | 23 | €2,692 | €731 | -€1,961 | -72.8% |
| Furniture and vehicles | 24 | €4,164 | €2,885 | -€1,279 | -30.7% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €305,025 | €119,707 | -€185,318 | -60.8% |
| Amounts receivable within one year | 40/41 | €290,803 | €107,222 | -€183,581 | -63.1% |
| Trade receivables | 40 | €258,310 | €101,884 | -€156,426 | -60.6% |
| Other amounts receivable | 41 | €32,493 | €5,338 | -€27,155 | -83.6% |
| Cash at bank and in hand | 54/58 | €9,147 | €5,021 | -€4,126 | -45.1% |
| Deferred charges and accrued income | 490/1 | €5,075 | €7,464 | +€2,389 | +47.1% |
| Total equity and liabilities | 10/49 | €1,081,428 | €886,274 | -€195,155 | -18.0% |
| Equity | 10/15 | -€121,535 | -€258,339 | -€136,805 | -113% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €14,242 | €14,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,382 | €12,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,276 | -€279,081 | -€136,805 | -96.2% |
| Amounts payable | 17/49 | €1,202,963 | €1,144,613 | -€58,350 | -4.9% |
| Amounts payable after more than one year | 17 | €621,112 | €491,897 | -€129,215 | -20.8% |
| Financial debts | 170/4 | €621,112 | €491,897 | -€129,215 | -20.8% |
| Amounts payable within one year | 42/48 | €574,363 | €641,731 | +€67,367 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €130,601 | €175,660 | +€45,059 | +34.5% |
| Financial debts | 43 | €34,988 | €35,612 | +€624 | +1.8% |
| Credit institutions | 430/8 | €34,988 | €35,612 | +€624 | +1.8% |
| Trade debts | 44 | €250,786 | €213,318 | -€37,467 | -14.9% |
| Suppliers | 440/4 | €250,786 | €213,318 | -€37,467 | -14.9% |
| Advances received on contracts in progress | 46 | €2,111 | €0 | -€2,111 | -100% |
| Taxes, remuneration and social security | 45 | €137,087 | €32,794 | -€104,293 | -76.1% |
| Taxes | 450/3 | €112,374 | €25,423 | -€86,950 | -77.4% |
| Remuneration and social security | 454/9 | €24,713 | €7,371 | -€17,343 | -70.2% |
| Other amounts payable | 47/48 | €18,790 | €184,346 | +€165,556 | +881% |
| Accrued charges and deferred income | 492/3 | €7,487 | €10,985 | +€3,498 | +46.7% |
| Non-recurring operating income | 76A | €2,031 | €0 | -€2,031 | -100% |
| Remuneration, social security and pensions | 62 | €156,672 | €119,369 | -€37,303 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,099 | €11,083 | -€1,016 | -8.4% |
| Other operating charges | 640/8 | €19,906 | €23,188 | +€3,282 | +16.5% |
| Gross operating margin | 9900 | €39,722 | €51,178 | +€11,456 | +28.8% |
| Operating profit (loss) | 9901 | -€148,955 | -€102,463 | +€46,492 | +31.2% |
| Financial income | 75/76B | €552 | €105 | -€447 | -81.0% |
| Recurring financial income | 75 | €552 | €105 | -€447 | -81.0% |
| Financial charges | 65/66B | €34,473 | €34,447 | -€26 | -0.1% |
| Recurring financial charges | 65 | €34,473 | €34,447 | -€26 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€182,875 | -€136,805 | +€46,070 | +25.2% |
| Income taxes | 67/77 | €56 | €0 | -€56 | -100% |
| Profit (loss) for the period | 9904 | -€182,931 | -€136,805 | +€46,127 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€182,931 | -€136,805 | +€46,127 | +25.2% |
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 26 October 2026 via checked.be.