Flinova: what changed
Flinova
Largest movements
- Receivables within one year +€14,761
up €14,761 (+204%), from €7,238 to €21,998
of which Other amounts receivable: +€13,695
- Tangible fixed assets +€11,645
up €11,645 (+273%), from €4,264 to €15,908
of which Furniture and vehicles: +€7,307
- Cash +€4,077
up €4,077 (+5.8%), from €70,569 to €74,645
mainly Net result for the year (+€36,129) and Depreciation (+€5,771)
- Deferred charges and accrued income -€2,366
down €2,366 (-15.6%), from €15,164 to €12,798
- Reserves +€36,129
up €36,129 (+44.8%), from €80,567 to €116,696
- Other debts -€7,790
down €7,790 (-100%), from €7,790 to €0
- Tax, wage and social debts -€1,346
down €1,346 (-23.2%), from €5,791 to €4,445
- Gross operating margin -€8,152
down €8,152 (-13.7%), from €59,568 to €51,416
- Depreciation +€4,390
up €4,390 (+318%), from €1,381 to €5,771
- Taxes -€2,675
down €2,675 (-22.6%), from €11,844 to €9,169
- Other operating charges +€813
up €813 (+823%), from €99 to €912
- Financial income +€613
new in 2025: €613
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,234 | €125,350 | +€28,116 | +28.9% |
| Fixed assets | 21/28 | €4,264 | €15,908 | +€11,645 | +273% |
| Tangible fixed assets | 22/27 | €4,264 | €15,908 | +€11,645 | +273% |
| Plant, machinery and equipment | 23 | €4,264 | €8,601 | +€4,338 | +102% |
| Furniture and vehicles | 24 | - | €7,307 | +€7,307 | |
| Current assets | 29/58 | €92,970 | €109,441 | +€16,471 | +17.7% |
| Amounts receivable within one year | 40/41 | €7,238 | €21,998 | +€14,761 | +204% |
| Trade receivables | 40 | €7,238 | €8,304 | +€1,066 | +14.7% |
| Other amounts receivable | 41 | - | €13,695 | +€13,695 | |
| Cash at bank and in hand | 54/58 | €70,569 | €74,645 | +€4,077 | +5.8% |
| Deferred charges and accrued income | 490/1 | €15,164 | €12,798 | -€2,366 | -15.6% |
| Total equity and liabilities | 10/49 | €97,234 | €125,350 | +€28,116 | +28.9% |
| Equity | 10/15 | €82,567 | €118,696 | +€36,129 | +43.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €80,567 | €116,696 | +€36,129 | +44.8% |
| Distributable reserves | 133 | €80,567 | €116,696 | +€36,129 | +44.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,667 | €6,654 | -€8,013 | -54.6% |
| Amounts payable within one year | 42/48 | €14,667 | €6,654 | -€8,013 | -54.6% |
| Trade debts | 44 | €1,085 | €2,208 | +€1,123 | +103% |
| Suppliers | 440/4 | €1,085 | €2,208 | +€1,123 | +103% |
| Taxes, remuneration and social security | 45 | €5,791 | €4,445 | -€1,346 | -23.2% |
| Taxes | 450/3 | €5,791 | €4,445 | -€1,346 | -23.2% |
| Other amounts payable | 47/48 | €7,790 | €0 | -€7,790 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,381 | €5,771 | +€4,390 | +318% |
| Other operating charges | 640/8 | €99 | €912 | +€813 | +823% |
| Gross operating margin | 9900 | €59,568 | €51,416 | -€8,152 | -13.7% |
| Operating profit (loss) | 9901 | €58,088 | €44,733 | -€13,354 | -23.0% |
| Financial income | 75/76B | - | €613 | +€613 | |
| Recurring financial income | 75 | - | €613 | +€613 | |
| Financial charges | 65/66B | €43 | €48 | +€4 | +10.0% |
| Recurring financial charges | 65 | €43 | €48 | +€4 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €58,044 | €45,298 | -€12,746 | -22.0% |
| Income taxes | 67/77 | €11,844 | €9,169 | -€2,675 | -22.6% |
| Profit (loss) for the period | 9904 | €46,200 | €36,129 | -€10,071 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,200 | €36,129 | -€10,071 | -21.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.