Flinders: 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.
Flinders
Largest movements
- Deferred charges and accrued income -€45,107
down €45,107 (-94.6%), from €47,674 to €2,567
- Receivables within one year -€40,360
down €40,360 (-69.0%), from €58,512 to €18,151
of which Other amounts receivable: -€44,860
- Cash -€14,926
down €14,926 (-56.6%), from €26,387 to €11,461
mainly Other debts (-€81,521) and Net result for the year (-€15,456)
- Tangible fixed assets -€14,563
down €14,563 (-31.0%), from €46,913 to €32,350
of which Leasing and similar rights: -€12,424
- Other debts -€81,521
down €81,521 (-66.0%), from €123,561 to €42,040
- Profit (loss) carried forward -€15,456
new in 2025: -€15,456
- Debts after one year -€12,319
no longer reported in 2025 (was €12,319)
- Current portion of long-term debt -€3,612
down €3,612 (-22.7%), from €15,931 to €12,319
- Gross operating margin -€176,489
down €176,489 (-96.9%), from €182,064 to €5,574
- Taxes -€36,163
down €36,163 (-99.5%), from €36,349 to €186
- Financial charges -€1,893
down €1,893 (-62.7%), from €3,017 to €1,124
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 | €179,487 | €64,530 | -€114,956 | -64.0% |
| Fixed assets | 21/28 | €46,913 | €32,350 | -€14,563 | -31.0% |
| Tangible fixed assets | 22/27 | €46,913 | €32,350 | -€14,563 | -31.0% |
| Plant, machinery and equipment | 23 | €29 | - | -€29 | |
| Furniture and vehicles | 24 | €3,026 | €2,256 | -€769 | -25.4% |
| Leasing and similar rights | 25 | €34,312 | €21,887 | -€12,424 | -36.2% |
| Other tangible fixed assets | 26 | €9,546 | €8,207 | -€1,340 | -14.0% |
| Current assets | 29/58 | €132,573 | €32,180 | -€100,393 | -75.7% |
| Amounts receivable within one year | 40/41 | €58,512 | €18,151 | -€40,360 | -69.0% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €58,512 | €13,651 | -€44,860 | -76.7% |
| Cash at bank and in hand | 54/58 | €26,387 | €11,461 | -€14,926 | -56.6% |
| Deferred charges and accrued income | 490/1 | €47,674 | €2,567 | -€45,107 | -94.6% |
| Total equity and liabilities | 10/49 | €179,487 | €64,530 | -€114,956 | -64.0% |
| Equity | 10/15 | €18,600 | €3,144 | -€15,456 | -83.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,456 | -€15,456 | |
| Amounts payable | 17/49 | €160,887 | €61,386 | -€99,500 | -61.8% |
| Amounts payable after more than one year | 17 | €12,319 | - | -€12,319 | |
| Financial debts | 170/4 | €12,319 | - | -€12,319 | |
| Amounts payable within one year | 42/48 | €144,657 | €57,773 | -€86,884 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €15,931 | €12,319 | -€3,612 | -22.7% |
| Financial debts | 43 | €110 | €17 | -€93 | -84.3% |
| Credit institutions | 430/8 | €110 | €17 | -€93 | -84.3% |
| Trade debts | 44 | €1,781 | €1,506 | -€275 | -15.5% |
| Suppliers | 440/4 | €1,781 | €1,506 | -€275 | -15.5% |
| Taxes, remuneration and social security | 45 | €3,274 | €1,891 | -€1,383 | -42.2% |
| Taxes | 450/3 | €3,274 | €186 | -€3,088 | -94.3% |
| Remuneration and social security | 454/9 | - | €1,705 | +€1,705 | |
| Other amounts payable | 47/48 | €123,561 | €42,040 | -€81,521 | -66.0% |
| Accrued charges and deferred income | 492/3 | €3,910 | €3,614 | -€297 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,268 | €15,352 | +€84 | +0.5% |
| Other operating charges | 640/8 | €4,324 | €4,369 | +€45 | +1.0% |
| Gross operating margin | 9900 | €182,064 | €5,574 | -€176,489 | -96.9% |
| Operating profit (loss) | 9901 | €162,472 | -€14,146 | -€176,618 | |
| Financial income | 75/76B | €455 | €0 | -€455 | -100.0% |
| Recurring financial income | 75 | €455 | €0 | -€455 | -100.0% |
| Financial charges | 65/66B | €3,017 | €1,124 | -€1,893 | -62.7% |
| Recurring financial charges | 65 | €3,017 | €1,124 | -€1,893 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €159,910 | -€15,270 | -€175,180 | |
| Income taxes | 67/77 | €36,349 | €186 | -€36,163 | -99.5% |
| Profit (loss) for the period | 9904 | €123,561 | -€15,456 | -€139,017 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,561 | -€15,456 | -€139,017 |
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 9 October 2026 via checked.be.