FLINSOL: 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.
FLINSOL
Largest movements
- Cash -€625,260
down €625,260 (-82.4%), from €758,578 to €133,318
mainly Receivables after one year (-€360,000) and Receivables within one year (-€289,893)
- Receivables after one year +€360,000
new in 2025: €360,000
- Receivables within one year +€289,893
up €289,893 (+2,995%), from €9,680 to €299,573
of which Trade receivables: +€235,094
- Reserves +€66,874
up €66,874 (+9.5%), from €700,409 to €767,283
- Tax, wage and social debts -€51,007
down €51,007 (-79.4%), from €64,238 to €13,232
of which Taxes: -€59,448
- Other debts +€29,786
up €29,786 (+197%), from €15,109 to €44,895
- Trade debts -€13,133
down €13,133 (-53.7%), from €24,464 to €11,331
- Gross operating margin -€452,194
down €452,194 (-62.9%), from €719,480 to €267,286
- Taxes -€155,223
down €155,223 (-77.4%), from €200,439 to €45,216
- Staff costs +€45,757
up €45,757 (+1,732%), from €2,641 to €48,398
- Other operating charges -€11,173
down €11,173 (-56.2%), from €19,892 to €8,719
- Depreciation +€11,144
up €11,144 (+20.3%), from €54,918 to €66,061
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 | €1,017,967 | €1,031,961 | +€13,994 | +1.4% |
| Fixed assets | 21/28 | €242,885 | €233,859 | -€9,026 | -3.7% |
| Tangible fixed assets | 22/27 | €242,885 | €233,859 | -€9,026 | -3.7% |
| Plant, machinery and equipment | 23 | €56,349 | €68,756 | +€12,407 | +22.0% |
| Furniture and vehicles | 24 | €171,643 | €148,835 | -€22,807 | -13.3% |
| Other tangible fixed assets | 26 | €14,893 | €16,267 | +€1,374 | +9.2% |
| Current assets | 29/58 | €775,082 | €798,102 | +€23,020 | +3.0% |
| Amounts receivable after more than one year | 29 | - | €360,000 | +€360,000 | |
| Trade receivables | 290 | - | €360,000 | +€360,000 | |
| Stocks and contracts in progress | 3 | €3,250 | €3,250 | = | 0.0% |
| Stocks | 30/36 | €3,250 | €3,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,680 | €299,573 | +€289,893 | +2,995% |
| Trade receivables | 40 | €9,570 | €244,664 | +€235,094 | +2,457% |
| Other amounts receivable | 41 | €110 | €54,909 | +€54,799 | +49,790% |
| Cash at bank and in hand | 54/58 | €758,578 | €133,318 | -€625,260 | -82.4% |
| Deferred charges and accrued income | 490/1 | €3,574 | €1,961 | -€1,613 | -45.1% |
| Total equity and liabilities | 10/49 | €1,017,967 | €1,031,961 | +€13,994 | +1.4% |
| Equity | 10/15 | €719,009 | €785,883 | +€66,874 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €700,409 | €767,283 | +€66,874 | +9.5% |
| Distributable reserves | 133 | €700,409 | €767,283 | +€66,874 | +9.5% |
| Amounts payable | 17/49 | €298,958 | €246,078 | -€52,880 | -17.7% |
| Amounts payable after more than one year | 17 | €4,261 | - | -€4,261 | |
| Financial debts | 170/4 | €4,261 | - | -€4,261 | |
| Amounts payable within one year | 42/48 | €294,697 | €246,078 | -€48,619 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €8,343 | €4,261 | -€4,081 | -48.9% |
| Financial debts | 43 | €70,184 | €60,000 | -€10,184 | -14.5% |
| Credit institutions | 430/8 | €70,184 | €60,000 | -€10,184 | -14.5% |
| Trade debts | 44 | €24,464 | €11,331 | -€13,133 | -53.7% |
| Suppliers | 440/4 | €24,464 | €11,331 | -€13,133 | -53.7% |
| Advances received on contracts in progress | 46 | €112,360 | €112,360 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,238 | €13,232 | -€51,007 | -79.4% |
| Taxes | 450/3 | €62,042 | €2,594 | -€59,448 | -95.8% |
| Remuneration and social security | 454/9 | €2,196 | €10,638 | +€8,441 | +384% |
| Other amounts payable | 47/48 | €15,109 | €44,895 | +€29,786 | +197% |
| Remuneration, social security and pensions | 62 | €2,641 | €48,398 | +€45,757 | +1,732% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,918 | €66,061 | +€11,144 | +20.3% |
| Other operating charges | 640/8 | €19,892 | €8,719 | -€11,173 | -56.2% |
| Gross operating margin | 9900 | €719,480 | €267,286 | -€452,194 | -62.9% |
| Operating profit (loss) | 9901 | €642,029 | €144,107 | -€497,922 | -77.6% |
| Financial income | 75/76B | €270 | €11,201 | +€10,931 | +4,056% |
| Recurring financial income | 75 | €270 | €11,201 | +€10,931 | +4,056% |
| Financial charges | 65/66B | €1,624 | €1,690 | +€66 | +4.1% |
| Recurring financial charges | 65 | €1,624 | €1,690 | +€66 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €640,675 | €153,618 | -€487,057 | -76.0% |
| Income taxes | 67/77 | €200,439 | €45,216 | -€155,223 | -77.4% |
| Profit (loss) for the period | 9904 | €440,235 | €108,402 | -€331,834 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €440,235 | €108,402 | -€331,834 | -75.4% |
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 21 October 2026 via checked.be.