FLINVEST: 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.
FLINVEST
Largest movements
- Tangible fixed assets -€28,166
down €28,166 (-2.7%), from €1.1m to €1.0m
- Debts after one year -€20,350
down €20,350 (-13.4%), from €152,214 to €131,864
- Reserves -€10,939
down €10,939 (-3.8%), from €285,142 to €274,203
of which Tax-exempt reserves: -€10,939
- Profit (loss) carried forward +€10,856
up €10,856 (+1.5%), from -€736,259 to -€725,403
- Gross operating margin -€17,491
down €17,491 (-26.2%), from €66,671 to €49,180
- Financial charges -€11,476
down €11,476 (-74.8%), from €15,333 to €3,858
- Financial income -€11,015
down €11,015 (-100%), from €11,015 to €0
- Taxes -€2,267
down €2,267 (-18.0%), from €12,623 to €10,356
- Depreciation -€2,234
down €2,234 (-7.3%), from €30,400 to €28,166
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 | €1,075,707 | €1,051,912 | -€23,795 | -2.2% |
| Fixed assets | 21/28 | €1,058,310 | €1,030,144 | -€28,166 | -2.7% |
| Tangible fixed assets | 22/27 | €1,058,310 | €1,030,144 | -€28,166 | -2.7% |
| Land and buildings | 22 | €1,058,310 | €1,030,144 | -€28,166 | -2.7% |
| Current assets | 29/58 | €17,397 | €21,768 | +€4,371 | +25.1% |
| Cash at bank and in hand | 54/58 | €2,494 | €5,981 | +€3,487 | +140% |
| Deferred charges and accrued income | 490/1 | €14,903 | €15,788 | +€884 | +5.9% |
| Total equity and liabilities | 10/49 | €1,075,707 | €1,051,912 | -€23,795 | -2.2% |
| Equity | 10/15 | €334,172 | €334,089 | -€83 | 0.0% |
| Contributions | 10/11 | €785,290 | €785,290 | = | 0.0% |
| Capital | 10 | €785,290 | €785,290 | = | 0.0% |
| Issued capital | 100 | €785,290 | €785,290 | = | 0.0% |
| Reserves | 13 | €285,142 | €274,203 | -€10,939 | -3.8% |
| Non-distributable reserves | 130/1 | €22,384 | €22,384 | = | 0.0% |
| Legal reserve | 130 | €22,384 | €22,384 | = | 0.0% |
| Tax-exempt reserves | 132 | €262,758 | €251,819 | -€10,939 | -4.2% |
| Profit (loss) carried forward | 14 | -€736,259 | -€725,403 | +€10,856 | +1.5% |
| Provisions and deferred taxes | 16 | €87,586 | €83,940 | -€3,646 | -4.2% |
| Deferred taxes | 168 | €87,586 | €83,940 | -€3,646 | -4.2% |
| Amounts payable | 17/49 | €653,949 | €633,883 | -€20,065 | -3.1% |
| Amounts payable after more than one year | 17 | €152,214 | €131,864 | -€20,350 | -13.4% |
| Financial debts | 170/4 | €152,214 | €131,864 | -€20,350 | -13.4% |
| Amounts payable within one year | 42/48 | €483,351 | €484,295 | +€944 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €19,912 | €20,350 | +€438 | +2.2% |
| Trade debts | 44 | - | €6,538 | +€6,538 | |
| Suppliers | 440/4 | - | €6,538 | +€6,538 | |
| Taxes, remuneration and social security | 45 | €33,040 | €28,534 | -€4,506 | -13.6% |
| Taxes | 450/3 | €33,040 | €28,534 | -€4,506 | -13.6% |
| Other amounts payable | 47/48 | €430,399 | €428,873 | -€1,526 | -0.4% |
| Accrued charges and deferred income | 492/3 | €18,384 | €17,725 | -€659 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,400 | €28,166 | -€2,234 | -7.3% |
| Other operating charges | 640/8 | €10,828 | €10,529 | -€299 | -2.8% |
| Gross operating margin | 9900 | €66,671 | €49,180 | -€17,491 | -26.2% |
| Operating profit (loss) | 9901 | €25,443 | €10,485 | -€14,959 | -58.8% |
| Financial income | 75/76B | €11,015 | €0 | -€11,015 | -100% |
| Recurring financial income | 75 | €11,015 | €0 | -€11,015 | -100% |
| Financial charges | 65/66B | €15,333 | €3,858 | -€11,476 | -74.8% |
| Recurring financial charges | 65 | €15,333 | €3,858 | -€11,476 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €21,125 | €6,627 | -€14,498 | -68.6% |
| Transfer from deferred taxes | 780 | €3,646 | €3,646 | +€0 | 0.0% |
| Income taxes | 67/77 | €12,623 | €10,356 | -€2,267 | -18.0% |
| Profit (loss) for the period | 9904 | €12,148 | -€83 | -€12,231 | |
| Transfer from tax-exempt reserves | 789 | €10,939 | €10,939 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,087 | €10,856 | -€12,231 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.