FLOMAJO: 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.
FLOMAJO
Largest movements
- Stocks and contracts +€577,354
up €577,354 (+188.5%), from €306,215 to €883,568
- Current investments -€374,433
down €374,433 (-36.0%), from €1.0m to €665,303
- Cash +€148,708
up €148,708 (+677.9%), from €21,937 to €170,646
mainly Current investments (+€374,433) and Debts after one year (+€255,949)
- Tangible fixed assets -€36,801
down €36,801 (-19.7%), from €187,222 to €150,420
of which Land and buildings: -€23,233
- Debts after one year +€255,949
up €255,949 (+47.3%), from €540,942 to €796,891
- Reserves -€247,500
down €247,500 (-39.8%), from €622,222 to €374,722
of which Distributable reserves: -€247,500
- Other debts +€209,038
up €209,038 (+87.5%), from €238,915 to €447,954
- Tax, wage and social debts +€98,531
up €98,531 (+959.5%), from €10,269 to €108,800
- Financial income +€23,755
up €23,755 (+39.4%), from €60,347 to €84,102
- Gross operating margin -€11,985
down €11,985 (-8.4%), from €142,277 to €130,292
- Financial charges -€11,622
down €11,622 (-53.0%), from €21,943 to €10,321
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 | €2,454,842 | €2,766,756 | +€311,914 | +12.7% |
| Fixed assets | 21/28 | €1,064,511 | €1,027,710 | -€36,801 | -3.5% |
| Tangible fixed assets | 22/27 | €187,222 | €150,420 | -€36,801 | -19.7% |
| Land and buildings | 22 | €139,400 | €116,167 | -€23,233 | -16.7% |
| Furniture and vehicles | 24 | €42,936 | €29,911 | -€13,025 | -30.3% |
| Other tangible fixed assets | 26 | €4,886 | €4,343 | -€543 | -11.1% |
| Financial fixed assets | 28 | €877,290 | €877,290 | = | 0.0% |
| Current assets | 29/58 | €1,390,331 | €1,739,046 | +€348,715 | +25.1% |
| Stocks and contracts in progress | 3 | €306,215 | €883,568 | +€577,354 | +188.5% |
| Stocks | 30/36 | €306,215 | €883,568 | +€577,354 | +188.5% |
| Amounts receivable within one year | 40/41 | €22,443 | €17,464 | -€4,979 | -22.2% |
| Trade receivables | 40 | €16,207 | €16,142 | -€65 | -0.4% |
| Other amounts receivable | 41 | €6,235 | €1,322 | -€4,914 | -78.8% |
| Current investments | 50/53 | €1,039,736 | €665,303 | -€374,433 | -36.0% |
| Cash at bank and in hand | 54/58 | €21,937 | €170,646 | +€148,708 | +677.9% |
| Deferred charges and accrued income | 490/1 | - | €2,064 | +€2,064 | |
| Total equity and liabilities | 10/49 | €2,454,842 | €2,766,756 | +€311,914 | +12.7% |
| Equity | 10/15 | €1,611,963 | €1,365,381 | -€246,582 | -15.3% |
| Contributions | 10/11 | €987,266 | €987,266 | = | 0.0% |
| Reserves | 13 | €622,222 | €374,722 | -€247,500 | -39.8% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,000 | €28,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,222 | €21,222 | = | 0.0% |
| Distributable reserves | 133 | €573,000 | €325,500 | -€247,500 | -43.2% |
| Profit (loss) carried forward | 14 | €2,474 | €3,392 | +€918 | +37.1% |
| Amounts payable | 17/49 | €842,879 | €1,401,375 | +€558,496 | +66.3% |
| Amounts payable after more than one year | 17 | €540,942 | €796,891 | +€255,949 | +47.3% |
| Financial debts | 170/4 | €540,942 | €796,891 | +€255,949 | +47.3% |
| Amounts payable within one year | 42/48 | €301,938 | €604,484 | +€302,547 | +100.2% |
| Current portion of amounts payable after more than one year | 42 | €40,052 | €41,650 | +€1,598 | +4.0% |
| Trade debts | 44 | €12,702 | €6,081 | -€6,622 | -52.1% |
| Suppliers | 440/4 | €12,702 | €6,081 | -€6,622 | -52.1% |
| Taxes, remuneration and social security | 45 | €10,269 | €108,800 | +€98,531 | +959.5% |
| Taxes | 450/3 | €10,269 | €108,800 | +€98,531 | +959.5% |
| Other amounts payable | 47/48 | €238,915 | €447,954 | +€209,038 | +87.5% |
| Non-recurring operating income | 76A | - | €229 | +€229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,801 | €36,801 | = | 0.0% |
| Other operating charges | 640/8 | €1,152 | €1,191 | +€39 | +3.4% |
| Gross operating margin | 9900 | €142,277 | €130,292 | -€11,985 | -8.4% |
| Operating profit (loss) | 9901 | €104,323 | €92,299 | -€12,024 | -11.5% |
| Financial income | 75/76B | €60,347 | €84,102 | +€23,755 | +39.4% |
| Recurring financial income | 75 | €60,347 | €84,102 | +€23,755 | +39.4% |
| Financial charges | 65/66B | €21,943 | €10,321 | -€11,622 | -53.0% |
| Recurring financial charges | 65 | €21,943 | €10,321 | -€11,622 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €142,727 | €166,080 | +€23,353 | +16.4% |
| Income taxes | 67/77 | €34,000 | €34,162 | +€162 | +0.5% |
| Profit (loss) for the period | 9904 | €108,727 | €131,918 | +€23,191 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,727 | €131,918 | +€23,191 | +21.3% |
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 4 October 2026 via checked.be.