FLG-management: 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-management
Largest movements
- Receivables within one year -€22,254
down €22,254 (-60.4%), from €36,857 to €14,603
of which Trade receivables: -€12,705
- Cash -€13,428
down €13,428 (-26.1%), from €51,394 to €37,965
mainly Other debts (-€44,154) and Tax, wage and social debts (-€1,731)
- Other debts -€44,154
down €44,154 (-99.5%), from €44,379 to €225
- Reserves +€9,630
new in 2025: €9,630
- Tax, wage and social debts -€1,731
down €1,731 (-21.9%), from €7,905 to €6,174
- Gross operating margin -€39,433
down €39,433 (-67.7%), from €58,280 to €18,847
- Taxes -€6,734
down €6,734 (-61.5%), from €10,957 to €4,223
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 | €92,772 | €56,586 | -€36,186 | -39.0% |
| Fixed assets | 21/28 | €3,721 | €3,111 | -€610 | -16.4% |
| Tangible fixed assets | 22/27 | €3,721 | €3,111 | -€610 | -16.4% |
| Furniture and vehicles | 24 | €3,721 | €3,111 | -€610 | -16.4% |
| Current assets | 29/58 | €89,051 | €53,476 | -€35,576 | -39.9% |
| Amounts receivable within one year | 40/41 | €36,857 | €14,603 | -€22,254 | -60.4% |
| Trade receivables | 40 | €12,705 | - | -€12,705 | |
| Other amounts receivable | 41 | €24,152 | €14,603 | -€9,549 | -39.5% |
| Cash at bank and in hand | 54/58 | €51,394 | €37,965 | -€13,428 | -26.1% |
| Deferred charges and accrued income | 490/1 | €801 | €907 | +€106 | +13.3% |
| Total equity and liabilities | 10/49 | €92,772 | €56,586 | -€36,186 | -39.0% |
| Equity | 10/15 | €40,260 | €49,895 | +€9,635 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €9,630 | +€9,630 | |
| Distributable reserves | 133 | - | €9,630 | +€9,630 | |
| Profit (loss) carried forward | 14 | €21,660 | €21,665 | +€5 | 0.0% |
| Amounts payable | 17/49 | €52,513 | €6,692 | -€45,821 | -87.3% |
| Amounts payable within one year | 42/48 | €52,513 | €6,692 | -€45,821 | -87.3% |
| Trade debts | 44 | €229 | €293 | +€64 | +28.0% |
| Suppliers | 440/4 | €229 | €293 | +€64 | +28.0% |
| Taxes, remuneration and social security | 45 | €7,905 | €6,174 | -€1,731 | -21.9% |
| Taxes | 450/3 | €7,905 | €6,174 | -€1,731 | -21.9% |
| Other amounts payable | 47/48 | €44,379 | €225 | -€44,154 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €610 | -€96 | -13.6% |
| Other operating charges | 640/8 | €2,027 | €1,843 | -€184 | -9.1% |
| Gross operating margin | 9900 | €58,280 | €18,847 | -€39,433 | -67.7% |
| Operating profit (loss) | 9901 | €55,548 | €16,394 | -€39,154 | -70.5% |
| Financial charges | 65/66B | €3,021 | €2,536 | -€485 | -16.0% |
| Recurring financial charges | 65 | €3,021 | €2,536 | -€485 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €52,527 | €13,858 | -€38,669 | -73.6% |
| Income taxes | 67/77 | €10,957 | €4,223 | -€6,734 | -61.5% |
| Profit (loss) for the period | 9904 | €41,570 | €9,635 | -€31,935 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,570 | €9,635 | -€31,935 | -76.8% |
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 16 October 2026 via checked.be.