FLIRSA: 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.
FLIRSA
Largest movements
- Cash +€98,203
up €98,203 (+85.0%), from €115,497 to €213,700
mainly Other debts (+€153,839) and Net result for the year (+€133,828)
- Current investments +€17,248
up €17,248 (+3.0%), from €580,146 to €597,395
- Other debts +€153,839
up €153,839 (+502%), from €30,622 to €184,461
- Reserves -€48,047
down €48,047 (-6.0%), from €800,029 to €751,982
- Financial income +€44,697
up €44,697 (+448%), from €9,980 to €54,676
of which Financial income: +€44,697
- Taxes +€22,082
up €22,082 (+52.0%), from €42,449 to €64,532
- Gross operating margin +€17,531
up €17,531 (+12.8%), from €137,200 to €154,731
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 | €868,719 | €973,318 | +€104,599 | +12.0% |
| Fixed assets | 21/28 | €118,136 | €110,666 | -€7,470 | -6.3% |
| Tangible fixed assets | 22/27 | €118,136 | €110,666 | -€7,470 | -6.3% |
| Other tangible fixed assets | 26 | €118,136 | €110,666 | -€7,470 | -6.3% |
| Current assets | 29/58 | €750,583 | €862,653 | +€112,069 | +14.9% |
| Amounts receivable within one year | 40/41 | €52,977 | €50,375 | -€2,603 | -4.9% |
| Trade receivables | 40 | €38,790 | €34,268 | -€4,522 | -11.7% |
| Other amounts receivable | 41 | €14,187 | €16,106 | +€1,919 | +13.5% |
| Current investments | 50/53 | €580,146 | €597,395 | +€17,248 | +3.0% |
| Cash at bank and in hand | 54/58 | €115,497 | €213,700 | +€98,203 | +85.0% |
| Deferred charges and accrued income | 490/1 | €1,963 | €1,183 | -€780 | -39.7% |
| Total equity and liabilities | 10/49 | €868,719 | €973,318 | +€104,599 | +12.0% |
| Equity | 10/15 | €812,429 | €764,382 | -€48,047 | -5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €800,029 | €751,982 | -€48,047 | -6.0% |
| Distributable reserves | 133 | €800,029 | €751,982 | -€48,047 | -6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,290 | €208,937 | +€152,647 | +271% |
| Amounts payable within one year | 42/48 | €56,290 | €208,887 | +€152,597 | +271% |
| Trade debts | 44 | €3,577 | €2,515 | -€1,063 | -29.7% |
| Suppliers | 440/4 | €3,577 | €2,515 | -€1,063 | -29.7% |
| Taxes, remuneration and social security | 45 | €22,091 | €21,911 | -€179 | -0.8% |
| Taxes | 450/3 | €22,091 | €20,061 | -€2,029 | -9.2% |
| Remuneration and social security | 454/9 | €0 | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €30,622 | €184,461 | +€153,839 | +502% |
| Accrued charges and deferred income | 492/3 | €0 | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,469 | €7,470 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,436 | €1,304 | -€132 | -9.2% |
| Gross operating margin | 9900 | €137,200 | €154,731 | +€17,531 | +12.8% |
| Operating profit (loss) | 9901 | €128,295 | €145,957 | +€17,663 | +13.8% |
| Financial income | 75/76B | €9,980 | €54,676 | +€44,697 | +448% |
| Recurring financial income | 75 | €9,980 | €54,676 | +€44,697 | +448% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,094 | €2,274 | -€820 | -26.5% |
| Recurring financial charges | 65 | €3,094 | €2,274 | -€820 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €135,180 | €198,360 | +€63,180 | +46.7% |
| Income taxes | 67/77 | €42,449 | €64,532 | +€22,082 | +52.0% |
| Profit (loss) for the period | 9904 | €92,731 | €133,828 | +€41,098 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,731 | €133,828 | +€41,098 | +44.3% |
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 23 October 2026 via checked.be.