FLOFEOS: 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.
FLOFEOS
Largest movements
- Cash -€95,016
down €95,016 (-67.7%), from €140,424 to €45,408
mainly Current investments (-€74,726) and Contributions, distributions and other (-€58,000)
- Current investments +€74,726
new in 2025: €74,726
- Tangible fixed assets -€22,117
down €22,117 (-6.5%), from €342,542 to €320,424
of which Land and buildings: -€23,646
- Receivables within one year +€15,714
up €15,714 (+211.0%), from €7,448 to €23,162
- Reserves -€21,000
down €21,000 (-5.9%), from €358,000 to €337,000
- Other debts -€20,900
down €20,900 (-26.5%), from €78,900 to €58,000
- Tax, wage and social debts +€10,688
new in 2025: €10,688
of which Remuneration and social security: +€6,988
- Gross operating margin -€63,120
down €63,120 (-33.9%), from €185,994 to €122,874
- Taxes -€21,918
down €21,918 (-58.1%), from €37,727 to €15,809
- Financial income -€17,854
down €17,854 (-94.2%), from €18,959 to €1,105
of which Non-recurring financial income: -€18,365
- Depreciation -€5,580
down €5,580 (-12.3%), from €45,545 to €39,965
- Staff costs -€2,919
down €2,919 (-9.6%), from €30,372 to €27,452
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 | €491,578 | €464,920 | -€26,658 | -5.4% |
| Fixed assets | 21/28 | €342,662 | €320,544 | -€22,117 | -6.5% |
| Tangible fixed assets | 22/27 | €342,542 | €320,424 | -€22,117 | -6.5% |
| Land and buildings | 22 | €314,104 | €290,458 | -€23,646 | -7.5% |
| Plant, machinery and equipment | 23 | €18,434 | €27,758 | +€9,324 | +50.6% |
| Furniture and vehicles | 24 | €10,003 | €2,208 | -€7,795 | -77.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €148,916 | €144,376 | -€4,540 | -3.0% |
| Amounts receivable within one year | 40/41 | €7,448 | €23,162 | +€15,714 | +211.0% |
| Other amounts receivable | 41 | €7,448 | €23,162 | +€15,714 | +211.0% |
| Current investments | 50/53 | - | €74,726 | +€74,726 | |
| Cash at bank and in hand | 54/58 | €140,424 | €45,408 | -€95,016 | -67.7% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,080 | +€35 | +3.4% |
| Total equity and liabilities | 10/49 | €491,578 | €464,920 | -€26,658 | -5.4% |
| Equity | 10/15 | €407,995 | €387,011 | -€20,984 | -5.1% |
| Reserves | 13 | €358,000 | €337,000 | -€21,000 | -5.9% |
| Distributable reserves | 133 | €358,000 | €337,000 | -€21,000 | -5.9% |
| Profit (loss) carried forward | 14 | €49,995 | €50,011 | +€16 | 0.0% |
| Amounts payable | 17/49 | €83,583 | €77,909 | -€5,673 | -6.8% |
| Amounts payable within one year | 42/48 | €83,583 | €77,909 | -€5,673 | -6.8% |
| Trade debts | 44 | €4,683 | €9,221 | +€4,538 | +96.9% |
| Suppliers | 440/4 | €4,683 | €9,221 | +€4,538 | +96.9% |
| Taxes, remuneration and social security | 45 | - | €10,688 | +€10,688 | |
| Taxes | 450/3 | - | €3,700 | +€3,700 | |
| Remuneration and social security | 454/9 | - | €6,988 | +€6,988 | |
| Other amounts payable | 47/48 | €78,900 | €58,000 | -€20,900 | -26.5% |
| Remuneration, social security and pensions | 62 | €30,372 | €27,452 | -€2,919 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,545 | €39,965 | -€5,580 | -12.3% |
| Other operating charges | 640/8 | - | €2,732 | +€2,732 | |
| Gross operating margin | 9900 | €185,994 | €122,874 | -€63,120 | -33.9% |
| Operating profit (loss) | 9901 | €110,078 | €52,725 | -€57,353 | -52.1% |
| Financial income | 75/76B | €18,959 | €1,105 | -€17,854 | -94.2% |
| Recurring financial income | 75 | €594 | €1,105 | +€511 | +86.1% |
| Non-recurring financial income | 76B | €18,365 | - | -€18,365 | |
| Financial charges | 65/66B | €1,373 | €1,005 | -€368 | -26.8% |
| Recurring financial charges | 65 | €1,373 | €1,005 | -€368 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €127,663 | €52,825 | -€74,838 | -58.6% |
| Income taxes | 67/77 | €37,727 | €15,809 | -€21,918 | -58.1% |
| Profit (loss) for the period | 9904 | €89,936 | €37,016 | -€52,921 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,936 | €37,016 | -€52,921 | -58.8% |
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 29 September 2026 via checked.be.