FLIES & CO: 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.
FLIES & CO
Largest movements
- Stocks and contracts +€153,777
up €153,777 (+28.9%), from €531,690 to €685,467
- Receivables within one year +€46,543
up €46,543 (+19.1%), from €244,060 to €290,603
of which Trade receivables: +€46,503
- Cash +€18,041
up €18,041 (+11.4%), from €158,724 to €176,765
mainly Trade debts (+€254,371) and Net result for the year (+€43,943)
- Trade debts +€254,371
up €254,371 (+48.9%), from €520,636 to €775,007
- Reserves +€43,943
up €43,943 (+14.3%), from €308,206 to €352,149
of which Distributable reserves: +€43,943
- Other debts -€41,913
down €41,913 (-94.5%), from €44,363 to €2,450
- Current portion of long-term debt -€32,362
down €32,362 (-93.5%), from €34,612 to €2,250
- Gross operating margin -€54,083
down €54,083 (-16.8%), from €322,124 to €268,042
- Staff costs +€33,387
up €33,387 (+29.0%), from €115,021 to €148,408
- Taxes -€12,347
down €12,347 (-38.9%), from €31,701 to €19,354
- Depreciation +€6,047
up €6,047 (+35.4%), from €17,087 to €23,133
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 | €1,025,915 | €1,234,681 | +€208,766 | +20.3% |
| Fixed assets | 21/28 | €81,625 | €72,156 | -€9,469 | -11.6% |
| Tangible fixed assets | 22/27 | €80,470 | €71,000 | -€9,469 | -11.8% |
| Plant, machinery and equipment | 23 | €6,762 | €12,860 | +€6,098 | +90.2% |
| Furniture and vehicles | 24 | €62,106 | €51,514 | -€10,592 | -17.1% |
| Other tangible fixed assets | 26 | €11,602 | €6,627 | -€4,975 | -42.9% |
| Financial fixed assets | 28 | €1,155 | €1,155 | = | 0.0% |
| Current assets | 29/58 | €944,290 | €1,162,525 | +€218,235 | +23.1% |
| Stocks and contracts in progress | 3 | €531,690 | €685,467 | +€153,777 | +28.9% |
| Stocks | 30/36 | €531,690 | €685,467 | +€153,777 | +28.9% |
| Amounts receivable within one year | 40/41 | €244,060 | €290,603 | +€46,543 | +19.1% |
| Trade receivables | 40 | €243,705 | €290,207 | +€46,503 | +19.1% |
| Other amounts receivable | 41 | €356 | €396 | +€41 | +11.4% |
| Cash at bank and in hand | 54/58 | €158,724 | €176,765 | +€18,041 | +11.4% |
| Deferred charges and accrued income | 490/1 | €9,817 | €9,690 | -€126 | -1.3% |
| Total equity and liabilities | 10/49 | €1,025,915 | €1,234,681 | +€208,766 | +20.3% |
| Equity | 10/15 | €326,170 | €370,113 | +€43,943 | +13.5% |
| Contributions | 10/11 | €17,964 | €17,964 | = | 0.0% |
| Reserves | 13 | €308,206 | €352,149 | +€43,943 | +14.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €306,347 | €350,290 | +€43,943 | +14.3% |
| Amounts payable | 17/49 | €699,745 | €864,568 | +€164,823 | +23.6% |
| Amounts payable after more than one year | 17 | €2,250 | - | -€2,250 | |
| Financial debts | 170/4 | €2,250 | - | -€2,250 | |
| Amounts payable within one year | 42/48 | €697,459 | €862,912 | +€165,453 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €34,612 | €2,250 | -€32,362 | -93.5% |
| Trade debts | 44 | €520,636 | €775,007 | +€254,371 | +48.9% |
| Suppliers | 440/4 | €520,636 | €775,007 | +€254,371 | +48.9% |
| Advances received on contracts in progress | 46 | €2,310 | - | -€2,310 | |
| Taxes, remuneration and social security | 45 | €95,538 | €83,205 | -€12,333 | -12.9% |
| Taxes | 450/3 | €68,416 | €54,511 | -€13,905 | -20.3% |
| Remuneration and social security | 454/9 | €27,122 | €28,694 | +€1,572 | +5.8% |
| Other amounts payable | 47/48 | €44,363 | €2,450 | -€41,913 | -94.5% |
| Accrued charges and deferred income | 492/3 | €36 | €1,655 | +€1,619 | +4,529% |
| Non-recurring operating income | 76A | €480 | €2,024 | +€1,544 | +322% |
| Remuneration, social security and pensions | 62 | €115,021 | €148,408 | +€33,387 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,087 | €23,133 | +€6,047 | +35.4% |
| Other operating charges | 640/8 | €12,027 | €12,400 | +€373 | +3.1% |
| Non-recurring operating charges | 66A | €544 | €5,292 | +€4,748 | +873% |
| Gross operating margin | 9900 | €322,124 | €268,042 | -€54,083 | -16.8% |
| Operating profit (loss) | 9901 | €177,446 | €78,808 | -€98,637 | -55.6% |
| Financial income | 75/76B | €5 | €1 | -€4 | -75.9% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -75.9% |
| Financial charges | 65/66B | €17,054 | €15,513 | -€1,542 | -9.0% |
| Recurring financial charges | 65 | €17,054 | €15,513 | -€1,542 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €160,396 | €63,297 | -€97,099 | -60.5% |
| Income taxes | 67/77 | €31,701 | €19,354 | -€12,347 | -38.9% |
| Profit (loss) for the period | 9904 | €128,695 | €43,943 | -€84,752 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €128,695 | €43,943 | -€84,752 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.