FLG Management: 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.
FLG Management
Largest movements
- Cash +€130,035
up €130,035 (+186.2%), from €69,840 to €199,874
mainly Net result for the year (+€139,140) and Tax, wage and social debts (+€49,921)
- Receivables within one year +€60,041
up €60,041 (+607.1%), from €9,889 to €69,930
- Profit (loss) carried forward +€139,140
up €139,140 (+252.6%), from €55,083 to €194,223
- Tax, wage and social debts +€49,921
up €49,921 (+283.4%), from €17,615 to €67,536
- Gross operating margin +€114,952
up €114,952 (+155.5%), from €73,921 to €188,874
- Taxes +€34,300
up €34,300 (+219.5%), from €15,626 to €49,926
- Financial income +€2,181
up €2,181 (+995.2%), from €219 to €2,401
- Depreciation -€2,023
down €2,023 (-86.2%), from €2,348 to €325
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 | €81,190 | €271,579 | +€190,388 | +234.5% |
| Formation expenses | 20 | €212 | €0 | -€212 | -100.0% |
| Fixed assets | 21/28 | €1,250 | €1,561 | +€311 | +24.9% |
| Tangible fixed assets | 22/27 | - | €311 | +€311 | |
| Furniture and vehicles | 24 | - | €311 | +€311 | |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €79,729 | €270,018 | +€190,289 | +238.7% |
| Amounts receivable within one year | 40/41 | €9,889 | €69,930 | +€60,041 | +607.1% |
| Other amounts receivable | 41 | €9,889 | €69,930 | +€60,041 | +607.1% |
| Cash at bank and in hand | 54/58 | €69,840 | €199,874 | +€130,035 | +186.2% |
| Deferred charges and accrued income | 490/1 | - | €214 | +€214 | |
| Total equity and liabilities | 10/49 | €81,190 | €271,579 | +€190,388 | +234.5% |
| Equity | 10/15 | €60,083 | €199,223 | +€139,140 | +231.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,083 | €194,223 | +€139,140 | +252.6% |
| Amounts payable | 17/49 | €21,107 | €72,355 | +€51,248 | +242.8% |
| Amounts payable within one year | 42/48 | €18,469 | €68,946 | +€50,477 | +273.3% |
| Trade debts | 44 | €854 | €1,410 | +€556 | +65.2% |
| Suppliers | 440/4 | €854 | €1,410 | +€556 | +65.2% |
| Taxes, remuneration and social security | 45 | €17,615 | €67,536 | +€49,921 | +283.4% |
| Taxes | 450/3 | €17,615 | €67,536 | +€49,921 | +283.4% |
| Accrued charges and deferred income | 492/3 | €2,639 | €3,410 | +€771 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,348 | €325 | -€2,023 | -86.2% |
| Other operating charges | 640/8 | €300 | €0 | -€300 | -100.0% |
| Gross operating margin | 9900 | €73,921 | €188,874 | +€114,952 | +155.5% |
| Operating profit (loss) | 9901 | €71,274 | €188,549 | +€117,275 | +164.5% |
| Financial income | 75/76B | €219 | €2,401 | +€2,181 | +995.2% |
| Recurring financial income | 75 | €219 | €2,401 | +€2,181 | +995.2% |
| Financial charges | 65/66B | €784 | €1,884 | +€1,100 | +140.4% |
| Recurring financial charges | 65 | €784 | €1,884 | +€1,100 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €70,709 | €189,066 | +€118,357 | +167.4% |
| Income taxes | 67/77 | €15,626 | €49,926 | +€34,300 | +219.5% |
| Profit (loss) for the period | 9904 | €55,083 | €139,140 | +€84,057 | +152.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,083 | €139,140 | +€84,057 | +152.6% |
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.