FLINIC: 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.
FLINIC
Largest movements
- Financial fixed assets +€700,000
up €700,000 (+54.6%), from €1.3m to €2.0m
- Receivables within one year -€141,041
down €141,041 (-62.9%), from €224,290 to €83,249
of which Other amounts receivable: -€109,385
- Cash -€131,008
down €131,008 (-19.7%), from €663,484 to €532,476
mainly Investment in fixed assets (net) (-€705,512) and Debts after one year (-€39,928)
- Tangible fixed assets -€75,181
down €75,181 (-20.2%), from €371,316 to €296,135
of which Land and buildings: -€41,037
- Reserves +€394,476
up €394,476 (+40.7%), from €968,495 to €1.4m
of which Distributable reserves: +€394,476
- Debts after one year -€39,928
down €39,928 (-15.2%), from €262,858 to €222,930
- Financial income -€120,805
down €120,805 (-25.6%), from €472,102 to €351,297
- Gross operating margin +€63,354
up €63,354 (+27.4%), from €231,415 to €294,768
- Taxes +€14,729
up €14,729 (+22.4%), from €65,840 to €80,569
- Staff costs +€3,578
up €3,578 (+4.6%), from €78,341 to €81,918
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 | €2,541,502 | €2,894,272 | +€352,771 | +13.9% |
| Fixed assets | 21/28 | €1,653,728 | €2,278,547 | +€624,819 | +37.8% |
| Tangible fixed assets | 22/27 | €371,316 | €296,135 | -€75,181 | -20.2% |
| Land and buildings | 22 | €290,015 | €248,978 | -€41,037 | -14.1% |
| Furniture and vehicles | 24 | €81,300 | €47,157 | -€34,144 | -42.0% |
| Financial fixed assets | 28 | €1,282,412 | €1,982,412 | +€700,000 | +54.6% |
| Current assets | 29/58 | €887,774 | €615,725 | -€272,049 | -30.6% |
| Amounts receivable within one year | 40/41 | €224,290 | €83,249 | -€141,041 | -62.9% |
| Trade receivables | 40 | €103,152 | €71,496 | -€31,656 | -30.7% |
| Other amounts receivable | 41 | €121,138 | €11,753 | -€109,385 | -90.3% |
| Cash at bank and in hand | 54/58 | €663,484 | €532,476 | -€131,008 | -19.7% |
| Total equity and liabilities | 10/49 | €2,541,502 | €2,894,272 | +€352,771 | +13.9% |
| Equity | 10/15 | €2,125,926 | €2,520,402 | +€394,476 | +18.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €968,495 | €1,362,971 | +€394,476 | +40.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €962,295 | €1,356,771 | +€394,476 | +41.0% |
| Profit (loss) carried forward | 14 | €1,095,431 | €1,095,431 | = | 0.0% |
| Amounts payable | 17/49 | €415,575 | €373,871 | -€41,705 | -10.0% |
| Amounts payable after more than one year | 17 | €262,858 | €222,930 | -€39,928 | -15.2% |
| Financial debts | 170/4 | €262,858 | €222,930 | -€39,928 | -15.2% |
| Amounts payable within one year | 42/48 | €152,718 | €150,940 | -€1,777 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €39,928 | €39,928 | = | 0.0% |
| Trade debts | 44 | €634 | €434 | -€200 | -31.5% |
| Suppliers | 440/4 | €634 | €434 | -€200 | -31.5% |
| Taxes, remuneration and social security | 45 | €112,155 | €110,578 | -€1,577 | -1.4% |
| Taxes | 450/3 | €102,361 | €99,889 | -€2,472 | -2.4% |
| Remuneration and social security | 454/9 | €9,794 | €10,689 | +€895 | +9.1% |
| Remuneration, social security and pensions | 62 | €78,341 | €81,918 | +€3,578 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,511 | €80,693 | +€2,181 | +2.8% |
| Other operating charges | 640/8 | €4,109 | €4,239 | +€130 | +3.2% |
| Non-recurring operating charges | 66A | €2,751 | €0 | -€2,751 | -100.0% |
| Gross operating margin | 9900 | €231,415 | €294,768 | +€63,354 | +27.4% |
| Operating profit (loss) | 9901 | €67,702 | €127,919 | +€60,216 | +88.9% |
| Financial income | 75/76B | €472,102 | €351,297 | -€120,805 | -25.6% |
| Recurring financial income | 75 | €472,102 | €351,297 | -€120,805 | -25.6% |
| Financial charges | 65/66B | €4,507 | €4,171 | -€336 | -7.5% |
| Recurring financial charges | 65 | €4,507 | €4,171 | -€336 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €535,298 | €475,045 | -€60,253 | -11.3% |
| Income taxes | 67/77 | €65,840 | €80,569 | +€14,729 | +22.4% |
| Profit (loss) for the period | 9904 | €469,458 | €394,476 | -€74,982 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €469,458 | €394,476 | -€74,982 | -16.0% |
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.