FLITS: 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.
FLITS
Largest movements
- Tangible fixed assets -€94,245
down €94,245 (-100.0%), from €94,245 to €0
of which Plant, machinery and equipment: -€60,851
- Receivables within one year -€33,671
down €33,671 (-52.1%), from €64,623 to €30,952
of which Trade receivables: -€34,123
- Intangible fixed assets -€24,690
down €24,690 (-100.0%), from €24,690 to €0
- Cash +€24,413
up €24,413 (+139.9%), from €17,447 to €41,860
mainly Investment in fixed assets (net) (+€118,935) and Receivables within one year (+€33,671)
- Advances received -€78,426
down €78,426 (-100.0%), from €78,426 to €0
- Debts after one year -€61,114
down €61,114 (-71.0%), from €86,114 to €25,000
of which Financial debts: -€61,114
- Profit (loss) carried forward -€55,229
down €55,229 (-124.6%), from -€44,335 to -€99,565
- Other debts +€29,638
up €29,638 (+546.2%), from €5,426 to €35,064
- Current portion of long-term debt +€24,894
up €24,894 (+279.6%), from €8,903 to €33,797
- Gross operating margin -€20,386
down €20,386 (-23.8%), from €85,614 to €65,228
- Staff costs -€14,333
down €14,333 (-13.6%), from €105,170 to €90,837
- Depreciation -€13,548
down €13,548 (-100.0%), from €13,548 to €0
- Other operating charges -€4,622
down €4,622 (-69.5%), from €6,647 to €2,025
- Financial charges -€2,073
down €2,073 (-46.7%), from €4,438 to €2,366
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 | €203,406 | €75,212 | -€128,193 | -63.0% |
| Fixed assets | 21/28 | €121,335 | €2,400 | -€118,935 | -98.0% |
| Intangible fixed assets | 21 | €24,690 | €0 | -€24,690 | -100.0% |
| Tangible fixed assets | 22/27 | €94,245 | €0 | -€94,245 | -100.0% |
| Land and buildings | 22 | €31,951 | €0 | -€31,951 | -100.0% |
| Plant, machinery and equipment | 23 | €60,851 | €0 | -€60,851 | -100.0% |
| Furniture and vehicles | 24 | €1,443 | €0 | -€1,443 | -100.0% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €82,071 | €72,812 | -€9,258 | -11.3% |
| Amounts receivable within one year | 40/41 | €64,623 | €30,952 | -€33,671 | -52.1% |
| Trade receivables | 40 | €64,623 | €30,500 | -€34,123 | -52.8% |
| Other amounts receivable | 41 | - | €452 | +€452 | |
| Cash at bank and in hand | 54/58 | €17,447 | €41,860 | +€24,413 | +139.9% |
| Total equity and liabilities | 10/49 | €203,406 | €75,212 | -€128,193 | -63.0% |
| Equity | 10/15 | -€44,035 | -€99,265 | -€55,229 | -125.4% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,335 | -€99,565 | -€55,229 | -124.6% |
| Amounts payable | 17/49 | €247,441 | €174,477 | -€72,964 | -29.5% |
| Amounts payable after more than one year | 17 | €86,114 | €25,000 | -€61,114 | -71.0% |
| Financial debts | 170/4 | €61,114 | €0 | -€61,114 | -100.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €160,227 | €149,477 | -€10,750 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €8,903 | €33,797 | +€24,894 | +279.6% |
| Financial debts | 43 | €12,487 | €2,845 | -€9,642 | -77.2% |
| Credit institutions | 430/8 | €12,487 | €2,845 | -€9,642 | -77.2% |
| Trade debts | 44 | €42,389 | €58,645 | +€16,256 | +38.3% |
| Suppliers | 440/4 | €42,389 | €58,645 | +€16,256 | +38.3% |
| Advances received on contracts in progress | 46 | €78,426 | €0 | -€78,426 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,596 | €19,125 | +€6,529 | +51.8% |
| Taxes | 450/3 | €10,710 | €14,922 | +€4,212 | +39.3% |
| Remuneration and social security | 454/9 | €1,886 | €4,203 | +€2,317 | +122.9% |
| Other amounts payable | 47/48 | €5,426 | €35,064 | +€29,638 | +546.2% |
| Accrued charges and deferred income | 492/3 | €1,100 | €0 | -€1,100 | -100.0% |
| Remuneration, social security and pensions | 62 | €105,170 | €90,837 | -€14,333 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,548 | €0 | -€13,548 | -100.0% |
| Other operating charges | 640/8 | €6,647 | €2,025 | -€4,622 | -69.5% |
| Non-recurring operating charges | 66A | - | €25,147 | +€25,147 | |
| Gross operating margin | 9900 | €85,614 | €65,228 | -€20,386 | -23.8% |
| Operating profit (loss) | 9901 | -€39,752 | -€52,782 | -€13,030 | -32.8% |
| Financial income | 75/76B | €6 | €10 | +€4 | +63.9% |
| Recurring financial income | 75 | €6 | €10 | +€4 | +63.9% |
| Financial charges | 65/66B | €4,438 | €2,366 | -€2,073 | -46.7% |
| Recurring financial charges | 65 | €4,438 | €2,366 | -€2,073 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,184 | -€55,138 | -€10,954 | -24.8% |
| Income taxes | 67/77 | €151 | €92 | -€60 | -39.3% |
| Profit (loss) for the period | 9904 | -€44,335 | -€55,229 | -€10,894 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,335 | -€55,229 | -€10,894 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.