FLK Consult: 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.
FLK Consult
Largest movements
- Tangible fixed assets +€648,411
up €648,411 (+4092.3%), from €15,845 to €664,255
of which Land and buildings: +€653,966
- Current investments -€63,458
down €63,458 (-14.8%), from €427,946 to €364,488
- Cash -€21,366
down €21,366 (-60.9%), from €35,087 to €13,720
mainly Investment in fixed assets (net) (-€654,391) and Contributions, distributions and other (-€22,087)
- Debts after one year +€439,088
up €439,088 (+474.7%), from €92,500 to €531,588
of which Financial debts: +€385,777
- Reserves +€119,292
up €119,292 (+50.7%), from €235,330 to €354,622
of which Distributable reserves: +€119,468
- Profit (loss) carried forward -€22,087
no longer reported in 2025 (was €22,087)
- Current portion of long-term debt +€14,223
new in 2025: €14,223
- Tax, wage and social debts +€12,627
up €12,627 (+19.0%), from €66,286 to €78,913
of which Taxes: +€8,372
- Financial income -€35,387
down €35,387 (-60.2%), from €58,793 to €23,406
- Other operating charges +€18,714
up €18,714 (+788.2%), from €2,374 to €21,088
- Taxes +€6,064
up €6,064 (+12.6%), from €48,309 to €54,372
- Depreciation +€5,158
up €5,158 (+362.8%), from €1,422 to €6,580
- Gross operating margin -€3,853
down €3,853 (-1.7%), from €231,845 to €227,993
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 | €577,091 | €1,133,210 | +€556,120 | +96.4% |
| Fixed assets | 21/28 | €20,495 | €668,305 | +€647,811 | +3160.9% |
| Intangible fixed assets | 21 | €4,650 | €4,050 | -€600 | -12.9% |
| Tangible fixed assets | 22/27 | €15,845 | €664,255 | +€648,411 | +4092.3% |
| Land and buildings | 22 | - | €653,966 | +€653,966 | |
| Furniture and vehicles | 24 | €15,845 | €10,290 | -€5,555 | -35.1% |
| Current assets | 29/58 | €556,596 | €464,905 | -€91,691 | -16.5% |
| Amounts receivable within one year | 40/41 | €90,115 | €83,873 | -€6,242 | -6.9% |
| Trade receivables | 40 | €39,366 | €36,581 | -€2,785 | -7.1% |
| Other amounts receivable | 41 | €50,750 | €47,292 | -€3,457 | -6.8% |
| Current investments | 50/53 | €427,946 | €364,488 | -€63,458 | -14.8% |
| Cash at bank and in hand | 54/58 | €35,087 | €13,720 | -€21,366 | -60.9% |
| Deferred charges and accrued income | 490/1 | €3,448 | €2,824 | -€624 | -18.1% |
| Total equity and liabilities | 10/49 | €577,091 | €1,133,210 | +€556,120 | +96.4% |
| Equity | 10/15 | €258,417 | €355,622 | +€97,205 | +37.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €235,330 | €354,622 | +€119,292 | +50.7% |
| Tax-exempt reserves | 132 | €212,421 | €212,245 | -€176 | -0.1% |
| Distributable reserves | 133 | €22,909 | €142,377 | +€119,468 | +521.5% |
| Profit (loss) carried forward | 14 | €22,087 | - | -€22,087 | |
| Provisions and deferred taxes | 16 | €70,807 | €70,748 | -€59 | -0.1% |
| Deferred taxes | 168 | €70,807 | €70,748 | -€59 | -0.1% |
| Amounts payable | 17/49 | €247,866 | €706,840 | +€458,973 | +185.2% |
| Amounts payable after more than one year | 17 | €92,500 | €531,588 | +€439,088 | +474.7% |
| Financial debts | 170/4 | - | €385,777 | +€385,777 | |
| Other amounts payable | 178/9 | €92,500 | €145,811 | +€53,311 | +57.6% |
| Amounts payable within one year | 42/48 | €155,366 | €174,475 | +€19,109 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,223 | +€14,223 | |
| Trade debts | 44 | €2,273 | €2,387 | +€113 | +5.0% |
| Suppliers | 440/4 | €2,273 | €2,387 | +€113 | +5.0% |
| Taxes, remuneration and social security | 45 | €66,286 | €78,913 | +€12,627 | +19.0% |
| Taxes | 450/3 | €61,806 | €70,177 | +€8,372 | +13.5% |
| Remuneration and social security | 454/9 | €4,480 | €8,736 | +€4,256 | +95.0% |
| Other amounts payable | 47/48 | €86,807 | €78,952 | -€7,855 | -9.0% |
| Accrued charges and deferred income | 492/3 | - | €777 | +€777 | |
| Remuneration, social security and pensions | 62 | €39,849 | €37,349 | -€2,499 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,422 | €6,580 | +€5,158 | +362.8% |
| Other operating charges | 640/8 | €2,374 | €21,088 | +€18,714 | +788.2% |
| Gross operating margin | 9900 | €231,845 | €227,993 | -€3,853 | -1.7% |
| Operating profit (loss) | 9901 | €188,201 | €162,975 | -€25,226 | -13.4% |
| Financial income | 75/76B | €58,793 | €23,406 | -€35,387 | -60.2% |
| Recurring financial income | 75 | €58,793 | €23,406 | -€35,387 | -60.2% |
| Financial charges | 65/66B | €9,345 | €12,775 | +€3,430 | +36.7% |
| Recurring financial charges | 65 | €9,345 | €12,775 | +€3,430 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €237,649 | €173,606 | -€64,043 | -26.9% |
| Transfer from deferred taxes | 780 | - | €59 | +€59 | |
| Income taxes | 67/77 | €48,309 | €54,372 | +€6,064 | +12.6% |
| Profit (loss) for the period | 9904 | €189,341 | €119,292 | -€70,049 | -37.0% |
| Transfer from tax-exempt reserves | 789 | - | €176 | +€176 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,341 | €119,468 | -€69,872 | -36.9% |
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.