FLIVO: 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.
FLIVO
Largest movements
- Current investments +€41,365
new in 2025: €41,365
- Cash +€16,727
up €16,727 (+24.2%), from €69,185 to €85,912
mainly Net result for the year (+€71,808) and Trade debts (+€499)
- Receivables within one year +€11,420
up €11,420 (+29.0%), from €39,317 to €50,738
of which Trade receivables: +€7,938
- Reserves +€71,808
up €71,808 (+85.4%), from €84,067 to €155,876
- Gross operating margin -€16,496
down €16,496 (-15.2%), from €108,876 to €92,379
- Taxes -€5,015
down €5,015 (-21.1%), from €23,750 to €18,735
- Financial charges +€2,208
up €2,208 (+2700.4%), from €82 to €2,289
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 | €108,634 | €179,337 | +€70,703 | +65.1% |
| Current assets | 29/58 | €108,634 | €179,337 | +€70,703 | +65.1% |
| Amounts receivable within one year | 40/41 | €39,317 | €50,738 | +€11,420 | +29.0% |
| Trade receivables | 40 | €36,576 | €44,514 | +€7,938 | +21.7% |
| Other amounts receivable | 41 | €2,741 | €6,224 | +€3,483 | +127.1% |
| Current investments | 50/53 | - | €41,365 | +€41,365 | |
| Cash at bank and in hand | 54/58 | €69,185 | €85,912 | +€16,727 | +24.2% |
| Deferred charges and accrued income | 490/1 | €133 | €1,323 | +€1,190 | +897.3% |
| Total equity and liabilities | 10/49 | €108,634 | €179,337 | +€70,703 | +65.1% |
| Equity | 10/15 | €86,567 | €158,376 | +€71,808 | +83.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €84,067 | €155,876 | +€71,808 | +85.4% |
| Distributable reserves | 133 | €84,067 | €155,876 | +€71,808 | +85.4% |
| Amounts payable | 17/49 | €22,067 | €20,962 | -€1,106 | -5.0% |
| Amounts payable within one year | 42/48 | €22,067 | €20,962 | -€1,106 | -5.0% |
| Trade debts | 44 | €590 | €1,089 | +€499 | +84.5% |
| Suppliers | 440/4 | €590 | €1,089 | +€499 | +84.5% |
| Taxes, remuneration and social security | 45 | €21,477 | €19,873 | -€1,604 | -7.5% |
| Taxes | 450/3 | €21,477 | €19,873 | -€1,604 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €892 | - | -€892 | |
| Other operating charges | 640/8 | €168 | €450 | +€282 | +167.6% |
| Gross operating margin | 9900 | €108,876 | €92,379 | -€16,496 | -15.2% |
| Operating profit (loss) | 9901 | €107,816 | €91,930 | -€15,886 | -14.7% |
| Financial income | 75/76B | €83 | €903 | +€820 | +987.0% |
| Recurring financial income | 75 | €83 | €903 | +€820 | +987.0% |
| Financial charges | 65/66B | €82 | €2,289 | +€2,208 | +2700.4% |
| Recurring financial charges | 65 | €82 | €2,289 | +€2,208 | +2700.4% |
| Profit (loss) for the period before taxes | 9903 | €107,817 | €90,543 | -€17,274 | -16.0% |
| Income taxes | 67/77 | €23,750 | €18,735 | -€5,015 | -21.1% |
| Profit (loss) for the period | 9904 | €84,067 | €71,808 | -€12,259 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,067 | €71,808 | -€12,259 | -14.6% |
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 9 October 2026 via checked.be.