FLODECON: 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.
FLODECON
Largest movements
- Current investments -€195,000
no longer reported in 2025 (was €195,000)
- Receivables within one year -€21,718
down €21,718 (-37.7%), from €57,628 to €35,910
of which Trade receivables: -€23,718
- Cash -€20,951
down €20,951 (-49.5%), from €42,284 to €21,333
mainly Contributions, distributions and other (-€346,983) and Tax, wage and social debts (-€26,060)
- Tangible fixed assets -€13,578
down €13,578 (-28.5%), from €47,620 to €34,042
of which Furniture and vehicles: -€8,930
- Reserves -€288,750
no longer reported in 2025 (was €288,750)
- Other debts +€68,256
up €68,256 (+745%), from €9,162 to €77,419
- Tax, wage and social debts -€26,060
down €26,060 (-73.1%), from €35,654 to €9,594
- Current portion of long-term debt -€6,970
down €6,970 (-91.6%), from €7,608 to €638
- Gross operating margin -€30,321
down €30,321 (-26.2%), from €115,677 to €85,356
- Taxes -€6,711
down €6,711 (-31.0%), from €21,643 to €14,932
- Financial income -€1,647
down €1,647 (-34.6%), from €4,753 to €3,106
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 | €346,085 | €92,908 | -€253,177 | -73.2% |
| Fixed assets | 21/28 | €47,620 | €34,042 | -€13,578 | -28.5% |
| Tangible fixed assets | 22/27 | €47,620 | €34,042 | -€13,578 | -28.5% |
| Plant, machinery and equipment | 23 | €1,343 | €861 | -€483 | -35.9% |
| Furniture and vehicles | 24 | €8,930 | - | -€8,930 | |
| Other tangible fixed assets | 26 | €37,347 | €33,181 | -€4,166 | -11.2% |
| Current assets | 29/58 | €298,465 | €58,866 | -€239,599 | -80.3% |
| Amounts receivable within one year | 40/41 | €57,628 | €35,910 | -€21,718 | -37.7% |
| Trade receivables | 40 | €57,628 | €33,910 | -€23,718 | -41.2% |
| Other amounts receivable | 41 | - | €1,999 | +€1,999 | |
| Current investments | 50/53 | €195,000 | - | -€195,000 | |
| Cash at bank and in hand | 54/58 | €42,284 | €21,333 | -€20,951 | -49.5% |
| Deferred charges and accrued income | 490/1 | €3,553 | €1,623 | -€1,930 | -54.3% |
| Total equity and liabilities | 10/49 | €346,085 | €92,908 | -€253,177 | -73.2% |
| Equity | 10/15 | €291,777 | €3,028 | -€288,749 | -99.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €288,750 | - | -€288,750 | |
| Distributable reserves | 133 | €288,750 | - | -€288,750 | |
| Profit (loss) carried forward | 14 | €27 | €28 | +€1 | +3.2% |
| Amounts payable | 17/49 | €54,308 | €89,880 | +€35,572 | +65.5% |
| Amounts payable after more than one year | 17 | €638 | - | -€638 | |
| Financial debts | 170/4 | €638 | - | -€638 | |
| Amounts payable within one year | 42/48 | €53,121 | €89,279 | +€36,157 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €7,608 | €638 | -€6,970 | -91.6% |
| Trade debts | 44 | €697 | €1,628 | +€931 | +134% |
| Suppliers | 440/4 | €697 | €1,628 | +€931 | +134% |
| Taxes, remuneration and social security | 45 | €35,654 | €9,594 | -€26,060 | -73.1% |
| Taxes | 450/3 | €35,654 | €9,594 | -€26,060 | -73.1% |
| Other amounts payable | 47/48 | €9,162 | €77,419 | +€68,256 | +745% |
| Accrued charges and deferred income | 492/3 | €549 | €601 | +€52 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,929 | €13,578 | +€648 | +5.0% |
| Other operating charges | 640/8 | €698 | €979 | +€280 | +40.1% |
| Gross operating margin | 9900 | €115,677 | €85,356 | -€30,321 | -26.2% |
| Operating profit (loss) | 9901 | €102,049 | €70,800 | -€31,250 | -30.6% |
| Financial income | 75/76B | €4,753 | €3,106 | -€1,647 | -34.6% |
| Recurring financial income | 75 | €4,753 | €3,106 | -€1,647 | -34.6% |
| Financial charges | 65/66B | €772 | €739 | -€33 | -4.3% |
| Recurring financial charges | 65 | €772 | €739 | -€33 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €106,030 | €73,166 | -€32,863 | -31.0% |
| Income taxes | 67/77 | €21,643 | €14,932 | -€6,711 | -31.0% |
| Profit (loss) for the period | 9904 | €84,386 | €58,234 | -€26,152 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,386 | €58,234 | -€26,152 | -31.0% |
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 13 October 2026 via checked.be.