FLIPAW: 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.
FLIPAW
Largest movements
- Intangible fixed assets -€85,614
down €85,614 (-40.8%), from €210,081 to €124,468
- Stocks and contracts +€54,520
new in 2025: €54,520
- Cash +€35,475
up €35,475 (+54.5%), from €65,058 to €100,533
mainly Depreciation (+€87,471) and Tax, wage and social debts (+€55,542)
- Receivables within one year -€3,385
down €3,385 (-93.2%), from €3,633 to €248
- Profit (loss) carried forward -€94,380
down €94,380 (-17.2%), from -€549,125 to -€643,504
- Tax, wage and social debts +€55,542
up €55,542 (+248.1%), from €22,386 to €77,928
of which Remuneration and social security: +€58,654
- Debts after one year +€52,917
up €52,917 (+12.6%), from €419,678 to €472,595
of which Financial debts: +€52,917
- Current portion of long-term debt -€42,142
down €42,142 (-100.0%), from €42,142 to €0
- Other debts +€40,000
up €40,000 (+80000.0%), from €50 to €40,050
- Gross operating margin +€44,054
up €44,054 (+265.9%), from €16,566 to €60,620
- Depreciation -€22,776
down €22,776 (-20.7%), from €110,247 to €87,471
- Staff costs -€22,428
down €22,428 (-38.4%), from €58,376 to €35,948
- Financial charges +€1,679
up €1,679 (+5.5%), from €30,286 to €31,965
- Financial income +€802
new in 2025: €802
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 | €284,053 | €283,787 | -€266 | -0.1% |
| Fixed assets | 21/28 | €214,137 | €127,870 | -€86,267 | -40.3% |
| Intangible fixed assets | 21 | €210,081 | €124,468 | -€85,614 | -40.8% |
| Tangible fixed assets | 22/27 | €3,405 | €2,752 | -€653 | -19.2% |
| Furniture and vehicles | 24 | €3,405 | €2,752 | -€653 | -19.2% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €69,916 | €155,917 | +€86,001 | +123.0% |
| Stocks and contracts in progress | 3 | - | €54,520 | +€54,520 | |
| Stocks | 30/36 | - | €54,520 | +€54,520 | |
| Amounts receivable within one year | 40/41 | €3,633 | €248 | -€3,385 | -93.2% |
| Trade receivables | 40 | €3,633 | €248 | -€3,385 | -93.2% |
| Cash at bank and in hand | 54/58 | €65,058 | €100,533 | +€35,475 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,226 | €616 | -€610 | -49.7% |
| Total equity and liabilities | 10/49 | €284,053 | €283,787 | -€266 | -0.1% |
| Equity | 10/15 | -€237,794 | -€332,174 | -€94,380 | -39.7% |
| Contributions | 10/11 | €311,330 | €311,330 | = | 0.0% |
| Capital | 10 | €311,330 | €311,330 | = | 0.0% |
| Issued capital | 100 | €311,330 | €311,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€549,125 | -€643,504 | -€94,380 | -17.2% |
| Amounts payable | 17/49 | €521,847 | €615,961 | +€94,114 | +18.0% |
| Amounts payable after more than one year | 17 | €419,678 | €472,595 | +€52,917 | +12.6% |
| Financial debts | 170/4 | €369,678 | €422,595 | +€52,917 | +14.3% |
| Trade debts | 175 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,471 | €123,031 | +€51,560 | +72.1% |
| Current portion of amounts payable after more than one year | 42 | €42,142 | €0 | -€42,142 | -100.0% |
| Financial debts | 43 | €6,813 | €4,453 | -€2,359 | -34.6% |
| Other loans | 439 | €6,813 | €4,453 | -€2,359 | -34.6% |
| Trade debts | 44 | €80 | €600 | +€520 | +645.8% |
| Suppliers | 440/4 | €80 | €600 | +€520 | +645.8% |
| Taxes, remuneration and social security | 45 | €22,386 | €77,928 | +€55,542 | +248.1% |
| Taxes | 450/3 | €11,597 | €8,485 | -€3,112 | -26.8% |
| Remuneration and social security | 454/9 | €10,788 | €69,443 | +€58,654 | +543.7% |
| Other amounts payable | 47/48 | €50 | €40,050 | +€40,000 | +80000.0% |
| Accrued charges and deferred income | 492/3 | €30,699 | €20,335 | -€10,364 | -33.8% |
| Non-recurring operating income | 76A | €7 | €1,992 | +€1,985 | +28600.3% |
| Remuneration, social security and pensions | 62 | €58,376 | €35,948 | -€22,428 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,247 | €87,471 | -€22,776 | -20.7% |
| Other operating charges | 640/8 | €386 | €417 | +€31 | +8.1% |
| Gross operating margin | 9900 | €16,566 | €60,620 | +€44,054 | +265.9% |
| Operating profit (loss) | 9901 | -€152,443 | -€63,217 | +€89,227 | +58.5% |
| Financial income | 75/76B | - | €802 | +€802 | |
| Recurring financial income | 75 | - | €802 | +€802 | |
| Financial charges | 65/66B | €30,286 | €31,965 | +€1,679 | +5.5% |
| Recurring financial charges | 65 | €30,286 | €31,965 | +€1,679 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€182,729 | -€94,380 | +€88,350 | +48.3% |
| Profit (loss) for the period | 9904 | -€182,729 | -€94,380 | +€88,350 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€182,729 | -€94,380 | +€88,350 | +48.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.