FLGT: 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.
FLGT
Largest movements
- Cash -€148,283
down €148,283 (-78.6%), from €188,750 to €40,466
mainly Other debts (-€70,852) and Tax, wage and social debts (-€38,590)
- Receivables within one year +€16,927
up €16,927 (+74.5%), from €22,732 to €39,659
of which Trade receivables: +€17,925
- Intangible fixed assets +€15,094
new in 2025: €15,094
- Tangible fixed assets -€3,009
down €3,009 (-28.6%), from €10,525 to €7,515
of which Land and buildings: -€1,793
- Other debts -€70,852
down €70,852 (-59.5%), from €119,098 to €48,246
- Tax, wage and social debts -€38,590
down €38,590 (-79.3%), from €48,653 to €10,063
- Trade debts -€17,493
down €17,493 (-86.2%), from €20,295 to €2,801
- Profit (loss) carried forward +€9,154
up €9,154 (+61.9%), from €14,797 to €23,952
- Gross operating margin -€110,257
down €110,257 (-64.3%), from €171,473 to €61,216
- Taxes -€26,972
down €26,972 (-72.1%), from €37,432 to €10,459
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 | €223,302 | €105,697 | -€117,606 | -52.7% |
| Fixed assets | 21/28 | €10,850 | €22,934 | +€12,084 | +111% |
| Intangible fixed assets | 21 | - | €15,094 | +€15,094 | |
| Tangible fixed assets | 22/27 | €10,525 | €7,515 | -€3,009 | -28.6% |
| Land and buildings | 22 | €7,289 | €5,497 | -€1,793 | -24.6% |
| Furniture and vehicles | 24 | €3,235 | €2,019 | -€1,217 | -37.6% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €212,453 | €82,763 | -€129,690 | -61.0% |
| Amounts receivable within one year | 40/41 | €22,732 | €39,659 | +€16,927 | +74.5% |
| Trade receivables | 40 | €21,734 | €39,659 | +€17,925 | +82.5% |
| Other amounts receivable | 41 | €998 | - | -€998 | |
| Cash at bank and in hand | 54/58 | €188,750 | €40,466 | -€148,283 | -78.6% |
| Deferred charges and accrued income | 490/1 | €971 | €2,638 | +€1,666 | +172% |
| Total equity and liabilities | 10/49 | €223,302 | €105,697 | -€117,606 | -52.7% |
| Equity | 10/15 | €35,257 | €44,412 | +€9,154 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,797 | €23,952 | +€9,154 | +61.9% |
| Amounts payable | 17/49 | €188,045 | €61,285 | -€126,760 | -67.4% |
| Amounts payable within one year | 42/48 | €188,045 | €61,110 | -€126,935 | -67.5% |
| Trade debts | 44 | €20,295 | €2,801 | -€17,493 | -86.2% |
| Suppliers | 440/4 | €20,295 | €2,801 | -€17,493 | -86.2% |
| Taxes, remuneration and social security | 45 | €48,653 | €10,063 | -€38,590 | -79.3% |
| Taxes | 450/3 | €48,653 | €10,063 | -€38,590 | -79.3% |
| Other amounts payable | 47/48 | €119,098 | €48,246 | -€70,852 | -59.5% |
| Accrued charges and deferred income | 492/3 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,534 | €3,540 | +€1,006 | +39.7% |
| Other operating charges | 640/8 | €985 | €454 | -€531 | -53.9% |
| Gross operating margin | 9900 | €171,473 | €61,216 | -€110,257 | -64.3% |
| Operating profit (loss) | 9901 | €167,955 | €57,222 | -€110,732 | -65.9% |
| Financial income | 75/76B | €78 | €43 | -€35 | -45.2% |
| Recurring financial income | 75 | €78 | €43 | -€35 | -45.2% |
| Financial charges | 65/66B | €2,832 | €2,357 | -€475 | -16.8% |
| Recurring financial charges | 65 | €2,832 | €2,357 | -€475 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €165,201 | €54,908 | -€110,293 | -66.8% |
| Income taxes | 67/77 | €37,432 | €10,459 | -€26,972 | -72.1% |
| Profit (loss) for the period | 9904 | €127,769 | €44,449 | -€83,321 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,769 | €44,449 | -€83,321 | -65.2% |
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 14 October 2026 via checked.be.