FLOBETAIL: 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.
FLOBETAIL
Largest movements
- Tangible fixed assets -€100,815
down €100,815 (-7.6%), from €1.3m to €1.2m
- Cash +€40,925
up €40,925 (+5052.5%), from €810 to €41,735
mainly Debts after one year (+€142,997) and Net result for the year (+€106,169)
- Short-term financial debts -€280,000
no longer reported in 2025 (was €280,000)
- Debts after one year +€142,997
up €142,997 (+28.0%), from €510,178 to €653,175
- Reserves +€106,170
up €106,170 (+29.1%), from €364,934 to €471,104
of which Distributable reserves: +€114,929
- Other debts -€50,182
down €50,182 (-22.1%), from €227,271 to €177,089
- Current portion of long-term debt +€39,045
up €39,045 (+45.6%), from €85,707 to €124,752
- Gross operating margin +€86,781
up €86,781 (+47.0%), from €184,818 to €271,599
- Taxes +€30,025
up €30,025 (+1260.0%), from €2,383 to €32,408
- Financial charges -€14,214
down €14,214 (-42.2%), from €33,698 to €19,484
- Depreciation +€4,169
up €4,169 (+4.2%), from €100,046 to €104,215
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 | €1,862,794 | €1,799,981 | -€62,813 | -3.4% |
| Fixed assets | 21/28 | €1,331,797 | €1,230,982 | -€100,815 | -7.6% |
| Tangible fixed assets | 22/27 | €1,331,797 | €1,230,982 | -€100,815 | -7.6% |
| Land and buildings | 22 | €1,145,505 | €1,100,190 | -€45,315 | -4.0% |
| Plant, machinery and equipment | 23 | €62,279 | €48,743 | -€13,536 | -21.7% |
| Furniture and vehicles | 24 | €124,013 | €82,049 | -€41,964 | -33.8% |
| Current assets | 29/58 | €530,997 | €568,999 | +€38,002 | +7.2% |
| Stocks and contracts in progress | 3 | €472,300 | €463,350 | -€8,950 | -1.9% |
| Stocks | 30/36 | €472,300 | €463,350 | -€8,950 | -1.9% |
| Amounts receivable within one year | 40/41 | €56,051 | €62,103 | +€6,052 | +10.8% |
| Trade receivables | 40 | €50,052 | €61,422 | +€11,370 | +22.7% |
| Other amounts receivable | 41 | €5,999 | €681 | -€5,318 | -88.6% |
| Cash at bank and in hand | 54/58 | €810 | €41,735 | +€40,925 | +5052.5% |
| Deferred charges and accrued income | 490/1 | €1,836 | €1,811 | -€25 | -1.4% |
| Total equity and liabilities | 10/49 | €1,862,794 | €1,799,981 | -€62,813 | -3.4% |
| Equity | 10/15 | €619,365 | €718,098 | +€98,733 | +15.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €364,934 | €471,104 | +€106,170 | +29.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €138,077 | €129,318 | -€8,759 | -6.3% |
| Distributable reserves | 133 | €211,857 | €326,786 | +€114,929 | +54.2% |
| Investment grants | 15 | €104,431 | €96,994 | -€7,437 | -7.1% |
| Provisions and deferred taxes | 16 | €23,538 | €22,218 | -€1,320 | -5.6% |
| Deferred taxes | 168 | €23,538 | €22,218 | -€1,320 | -5.6% |
| Amounts payable | 17/49 | €1,219,891 | €1,059,665 | -€160,226 | -13.1% |
| Amounts payable after more than one year | 17 | €510,178 | €653,175 | +€142,997 | +28.0% |
| Financial debts | 170/4 | €510,178 | €653,175 | +€142,997 | +28.0% |
| Amounts payable within one year | 42/48 | €709,713 | €405,876 | -€303,837 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €85,707 | €124,752 | +€39,045 | +45.6% |
| Financial debts | 43 | €280,000 | - | -€280,000 | |
| Credit institutions | 430/8 | €280,000 | - | -€280,000 | |
| Trade debts | 44 | €114,352 | €88,319 | -€26,033 | -22.8% |
| Suppliers | 440/4 | €114,352 | €88,319 | -€26,033 | -22.8% |
| Taxes, remuneration and social security | 45 | €2,383 | €15,716 | +€13,333 | +559.5% |
| Taxes | 450/3 | €2,383 | €12,841 | +€10,458 | +438.9% |
| Remuneration and social security | 454/9 | - | €2,875 | +€2,875 | |
| Other amounts payable | 47/48 | €227,271 | €177,089 | -€50,182 | -22.1% |
| Accrued charges and deferred income | 492/3 | - | €614 | +€614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,046 | €104,215 | +€4,169 | +4.2% |
| Other operating charges | 640/8 | €17,602 | €18,172 | +€570 | +3.2% |
| Gross operating margin | 9900 | €184,818 | €271,599 | +€86,781 | +47.0% |
| Operating profit (loss) | 9901 | €67,170 | €149,212 | +€82,042 | +122.1% |
| Financial income | 75/76B | €7,638 | €7,529 | -€109 | -1.4% |
| Recurring financial income | 75 | €7,638 | €7,529 | -€109 | -1.4% |
| Financial charges | 65/66B | €33,698 | €19,484 | -€14,214 | -42.2% |
| Recurring financial charges | 65 | €33,698 | €19,484 | -€14,214 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €41,110 | €137,257 | +€96,147 | +233.9% |
| Transfer from deferred taxes | 780 | €1,319 | €1,320 | +€1 | +0.1% |
| Transfer to deferred taxes | 680 | €4,000 | - | -€4,000 | |
| Income taxes | 67/77 | €2,383 | €32,408 | +€30,025 | +1260.0% |
| Profit (loss) for the period | 9904 | €36,046 | €106,169 | +€70,123 | +194.5% |
| Transfer from tax-exempt reserves | 789 | €8,759 | €8,759 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €12,000 | - | -€12,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,805 | €114,928 | +€82,123 | +250.3% |
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 3 October 2026 via checked.be.