FLOGELEC: 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.
FLOGELEC
Largest movements
- Receivables within one year +€34,080
up €34,080 (+5.6%), from €611,359 to €645,439
of which Other amounts receivable: +€40,000
- Cash +€27,096
up €27,096 (+118%), from €23,004 to €50,100
mainly Net result for the year (+€39,217) and Tax, wage and social debts (+€10,072)
- Stocks and contracts -€9,195
down €9,195 (-8.5%), from €108,596 to €99,401
- Profit (loss) carried forward +€39,217
up €39,217 (+8.5%), from €459,496 to €498,713
- Tax, wage and social debts +€10,072
up €10,072 (+68.2%), from €14,775 to €24,847
of which Taxes: +€10,666
- Staff costs +€1,421
up €1,421 (+3.2%), from €44,848 to €46,269
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 | €750,680 | €800,609 | +€49,929 | +6.7% |
| Fixed assets | 21/28 | €6,751 | €4,708 | -€2,043 | -30.3% |
| Tangible fixed assets | 22/27 | €6,751 | €4,708 | -€2,043 | -30.3% |
| Plant, machinery and equipment | 23 | €2,640 | €1,760 | -€880 | -33.3% |
| Furniture and vehicles | 24 | €63 | - | -€63 | |
| Other tangible fixed assets | 26 | €4,048 | €2,948 | -€1,101 | -27.2% |
| Current assets | 29/58 | €743,929 | €795,901 | +€51,973 | +7.0% |
| Stocks and contracts in progress | 3 | €108,596 | €99,401 | -€9,195 | -8.5% |
| Stocks | 30/36 | €108,596 | €99,401 | -€9,195 | -8.5% |
| Amounts receivable within one year | 40/41 | €611,359 | €645,439 | +€34,080 | +5.6% |
| Trade receivables | 40 | €11,909 | €5,989 | -€5,920 | -49.7% |
| Other amounts receivable | 41 | €599,450 | €639,450 | +€40,000 | +6.7% |
| Cash at bank and in hand | 54/58 | €23,004 | €50,100 | +€27,096 | +118% |
| Deferred charges and accrued income | 490/1 | €970 | €962 | -€8 | -0.8% |
| Total equity and liabilities | 10/49 | €750,680 | €800,609 | +€49,929 | +6.7% |
| Equity | 10/15 | €707,005 | €746,222 | +€39,217 | +5.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €147,509 | €147,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €137,509 | €137,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €459,496 | €498,713 | +€39,217 | +8.5% |
| Amounts payable | 17/49 | €43,675 | €54,387 | +€10,712 | +24.5% |
| Amounts payable within one year | 42/48 | €43,133 | €54,022 | +€10,889 | +25.2% |
| Trade debts | 44 | €25,273 | €21,979 | -€3,294 | -13.0% |
| Suppliers | 440/4 | €25,273 | €21,979 | -€3,294 | -13.0% |
| Taxes, remuneration and social security | 45 | €14,775 | €24,847 | +€10,072 | +68.2% |
| Taxes | 450/3 | €7,163 | €17,829 | +€10,666 | +149% |
| Remuneration and social security | 454/9 | €7,612 | €7,018 | -€594 | -7.8% |
| Other amounts payable | 47/48 | €3,086 | €7,196 | +€4,110 | +133% |
| Accrued charges and deferred income | 492/3 | €541 | €365 | -€176 | -32.6% |
| Remuneration, social security and pensions | 62 | €44,848 | €46,269 | +€1,421 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €2,043 | -€238 | -10.4% |
| Other operating charges | 640/8 | €2,152 | €1,732 | -€420 | -19.5% |
| Gross operating margin | 9900 | €105,848 | €105,996 | +€148 | +0.1% |
| Operating profit (loss) | 9901 | €56,567 | €55,952 | -€615 | -1.1% |
| Financial income | 75/76B | €794 | €106 | -€688 | -86.6% |
| Recurring financial income | 75 | €794 | €106 | -€688 | -86.6% |
| Financial charges | 65/66B | €2,059 | €2,164 | +€105 | +5.1% |
| Recurring financial charges | 65 | €2,059 | €2,164 | +€105 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €55,303 | €53,894 | -€1,408 | -2.5% |
| Income taxes | 67/77 | €14,185 | €14,677 | +€492 | +3.5% |
| Profit (loss) for the period | 9904 | €41,117 | €39,217 | -€1,900 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,117 | €39,217 | -€1,900 | -4.6% |
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 30 October 2026 via checked.be.