FLOMAXAD: 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.
FLOMAXAD
Largest movements
- Stocks and contracts -€385,132
no longer reported in 2025 (was €385,132)
- Cash -€289,968
down €289,968 (-58.2%), from €497,872 to €207,903
mainly Net result for the year (-€1.9m) and Current portion of long-term debt (-€270,782)
- Tangible fixed assets -€168,111
no longer reported in 2025 (was €168,111)
of which Plant, machinery and equipment: -€155,603
- Receivables within one year -€109,759
down €109,759 (-15.3%), from €715,271 to €605,512
of which Trade receivables: -€72,701
- Intangible fixed assets -€105,563
no longer reported in 2025 (was €105,563)
- Profit (loss) carried forward -€1.9m
down €1.9m (-547%), from -€339,285 to -€2.2m
- Provisions +€749,039
new in 2025: €749,039
- Trade debts +€367,160
up €367,160 (+23.8%), from €1.5m to €1.9m
- Current portion of long-term debt -€270,782
down €270,782 (-82.6%), from €327,882 to €57,100
- Debts after one year -€98,125
down €98,125 (-96.3%), from €101,925 to €3,800
of which Financial debts: -€98,125
- Provisions +€749,039
new in 2025: €749,039
- Gross operating margin -€709,565
down €709,565 (-69.0%), from €1.0m to €318,076
- Financial charges +€618,309
up €618,309 (+772%), from €80,116 to €698,425
of which Non-recurring financial charges: +€522,992
- Staff costs -€437,680
down €437,680 (-36.4%), from €1.2m to €763,334
- Financial income +€99,240
up €99,240 (+3,777%), from €2,628 to €101,867
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 | €1,909,025 | €827,097 | -€1.1m | -56.7% |
| Formation expenses | 20 | - | €1,613 | +€1,613 | |
| Fixed assets | 21/28 | €282,657 | €8,983 | -€273,674 | -96.8% |
| Intangible fixed assets | 21 | €105,563 | - | -€105,563 | |
| Tangible fixed assets | 22/27 | €168,111 | - | -€168,111 | |
| Plant, machinery and equipment | 23 | €155,603 | - | -€155,603 | |
| Furniture and vehicles | 24 | €12,508 | - | -€12,508 | |
| Financial fixed assets | 28 | €8,983 | €8,983 | = | 0.0% |
| Current assets | 29/58 | €1,626,367 | €816,501 | -€809,867 | -49.8% |
| Stocks and contracts in progress | 3 | €385,132 | - | -€385,132 | |
| Stocks | 30/36 | €385,132 | - | -€385,132 | |
| Amounts receivable within one year | 40/41 | €715,271 | €605,512 | -€109,759 | -15.3% |
| Trade receivables | 40 | €587,116 | €514,415 | -€72,701 | -12.4% |
| Other amounts receivable | 41 | €128,155 | €91,097 | -€37,058 | -28.9% |
| Cash at bank and in hand | 54/58 | €497,872 | €207,903 | -€289,968 | -58.2% |
| Deferred charges and accrued income | 490/1 | €28,093 | €3,086 | -€25,007 | -89.0% |
| Total equity and liabilities | 10/49 | €1,909,025 | €827,097 | -€1.1m | -56.7% |
| Equity | 10/15 | -€239,285 | -€2,093,646 | -€1.9m | -775% |
| 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% |
| Profit (loss) carried forward | 14 | -€339,285 | -€2,193,646 | -€1.9m | -547% |
| Provisions and deferred taxes | 16 | - | €749,039 | +€749,039 | |
| Provisions for liabilities and charges | 160/5 | - | €749,039 | +€749,039 | |
| Environmental obligations | 163 | - | €749,039 | +€749,039 | |
| Amounts payable | 17/49 | €2,148,310 | €2,171,704 | +€23,395 | +1.1% |
| Amounts payable after more than one year | 17 | €101,925 | €3,800 | -€98,125 | -96.3% |
| Financial debts | 170/4 | €98,125 | - | -€98,125 | |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,042,006 | €2,167,904 | +€125,899 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €327,882 | €57,100 | -€270,782 | -82.6% |
| Trade debts | 44 | €1,539,496 | €1,906,656 | +€367,160 | +23.8% |
| Suppliers | 440/4 | €1,539,496 | €1,906,656 | +€367,160 | +23.8% |
| Taxes, remuneration and social security | 45 | €113,786 | €132,352 | +€18,566 | +16.3% |
| Taxes | 450/3 | €358 | €25,811 | +€25,453 | +7,108% |
| Remuneration and social security | 454/9 | €113,428 | €106,540 | -€6,888 | -6.1% |
| Other amounts payable | 47/48 | €60,842 | €71,797 | +€10,954 | +18.0% |
| Accrued charges and deferred income | 492/3 | €4,378 | - | -€4,378 | |
| Non-recurring operating income | 76A | €490,193 | €330,382 | -€159,811 | -32.6% |
| Remuneration, social security and pensions | 62 | €1,201,014 | €763,334 | -€437,680 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,005 | €387 | -€44,618 | -99.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €749,039 | +€749,039 | |
| Other operating charges | 640/8 | €36,079 | €59,661 | +€23,583 | +65.4% |
| Non-recurring operating charges | 66A | €6,982 | €3,300 | -€3,682 | -52.7% |
| Gross operating margin | 9900 | €1,027,641 | €318,076 | -€709,565 | -69.0% |
| Operating profit (loss) | 9901 | -€261,438 | -€1,257,644 | -€996,206 | -381% |
| Financial income | 75/76B | €2,628 | €101,867 | +€99,240 | +3,777% |
| Recurring financial income | 75 | €2,628 | €101,867 | +€99,240 | +3,777% |
| Financial charges | 65/66B | €80,116 | €698,425 | +€618,309 | +772% |
| Recurring financial charges | 65 | €80,116 | €175,434 | +€95,317 | +119% |
| Non-recurring financial charges | 66B | - | €522,992 | +€522,992 | |
| Profit (loss) for the period before taxes | 9903 | -€338,927 | -€1,854,202 | -€1.5m | -447% |
| Income taxes | 67/77 | €358 | €159 | -€199 | -55.5% |
| Profit (loss) for the period | 9904 | -€339,285 | -€1,854,361 | -€1.5m | -447% |
| Profit (loss) for the period to be appropriated | 9905 | -€339,285 | -€1,854,361 | -€1.5m | -447% |
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.