FLOMIG: 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.
What changed
FLOMIG
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20.1m
2024 · €9.8m+€10.3m
Equity
€62.0m
2024 · €41.9m+€20.1m
Cash
€1.6m
2024 · €1.7m-€154,959
Balance sheet total
€62.7m
2024 · €42.4m+€20.3m
Largest movements
Assets
- Current investments +€10.8m
up €10.8m (+49.8%), from €21.6m to €32.4m
- Receivables within one year +€6.7m
up €6.7m (+81.3%), from €8.2m to €14.9m
of which Other amounts receivable: +€5.2m
- Receivables after one year +€1.9m
new in 2025: €1.9m
- Tangible fixed assets +€1.2m
up €1.2m (+52.8%), from €2.3m to €3.6m
of which Assets under construction and advance payments: +€693,875
Equity and liabilities
- Reserves +€20.1m
up €20.1m (+50.2%), from €39.9m to €60.0m
of which Distributable reserves: +€20.1m
Income statement
- Financial income +€10.5m
up €10.5m (+123.7%), from €8.5m to €18.9m
- Turnover -€287,300
down €287,300 (-12.3%), from €2.3m to €2.0m
- Taxes -€64,714
down €64,714 (-9.1%), from €714,966 to €650,252
- Financial charges -€61,814
down €61,814 (-94.1%), from €65,681 to €3,866
- Services and other goods +€49,896
up €49,896 (+44.1%), from €113,216 to €163,112
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.
Result 2024
€9.8m
Turnover
-€287,300
Other operating income
+€17,278
Services and other goods
-€49,896
Staff costs
+€15,981
Depreciation
-€23,705
Other operating charges
-€382
Financial income
+€10.5m
Financial charges
+€61,814
Taxes
+€64,714
Result 2025
€20.1m
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.
From operations
+€11.9m
Investment
-€12.0m
Financing
€0
Cash 2024
€1.7m
From operations (derived)
+€11.9m
Net result for the year
+€20.1m
Depreciation
+€43,577
Receivables after one year
-€1.9m
Receivables within one year
-€6.7m
Deferred charges and accrued income
+€138,293
Smaller working-capital items
+€3,745
Tax, wage and social debts
+€253,717
Investment (derived)
-€12.0m
Investment in fixed assets (net)
-€1.3m
Current investments
-€10.8m
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,383,495 | €62,700,444 | +€20.3m | +47.9% |
| Fixed assets | 21/28 | €10,621,025 | €11,849,547 | +€1.2m | +11.6% |
| Tangible fixed assets | 22/27 | €2,325,193 | €3,553,716 | +€1.2m | +52.8% |
| Land and buildings | 22 | €365,373 | €908,923 | +€543,550 | +148.8% |
| Plant, machinery and equipment | 23 | €226 | €0 | -€226 | -100.0% |
| Furniture and vehicles | 24 | €32,096 | €23,420 | -€8,676 | -27.0% |
| Assets under construction and advance payments | 27 | €1,927,498 | €2,621,372 | +€693,875 | +36.0% |
| Financial fixed assets | 28 | €8,295,832 | €8,295,832 | = | 0.0% |
| Affiliated companies | 280/1 | €8,295,832 | €8,295,832 | = | 0.0% |
| Participating interests | 280 | €8,295,832 | €8,295,832 | = | 0.0% |
| Current assets | 29/58 | €31,762,470 | €50,850,897 | +€19.1m | +60.1% |
| Amounts receivable after more than one year | 29 | - | €1,910,000 | +€1.9m | |
| Other amounts receivable | 291 | - | €1,910,000 | +€1.9m | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,241,339 | €14,944,638 | +€6.7m | +81.3% |
| Trade receivables | 40 | €427,569 | €1,947,247 | +€1.5m | +355.4% |
| Other amounts receivable | 41 | €7,813,770 | €12,997,390 | +€5.2m | +66.3% |
| Current investments | 50/53 | €21,632,698 | €32,401,077 | +€10.8m | +49.8% |
| Other investments | 51/53 | €21,632,698 | €32,401,077 | +€10.8m | +49.8% |
| Cash at bank and in hand | 54/58 | €1,706,442 | €1,551,484 | -€154,959 | -9.1% |
| Deferred charges and accrued income | 490/1 | €181,992 | €43,698 | -€138,293 | -76.0% |
| Total equity and liabilities | 10/49 | €42,383,495 | €62,700,444 | +€20.3m | +47.9% |
| Equity | 10/15 | €41,947,676 | €62,007,164 | +€20.1m | +47.8% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €39,947,676 | €60,007,164 | +€20.1m | +50.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €39,947,676 | €60,007,164 | +€20.1m | +50.2% |
| Amounts payable | 17/49 | €435,819 | €693,280 | +€257,461 | +59.1% |
| Amounts payable within one year | 42/48 | €432,944 | €691,575 | +€258,630 | +59.7% |
| Trade debts | 44 | €3,081 | €7,995 | +€4,914 | +159.5% |
| Suppliers | 440/4 | €3,081 | €7,995 | +€4,914 | +159.5% |
| Taxes, remuneration and social security | 45 | €429,486 | €683,203 | +€253,717 | +59.1% |
| Taxes | 450/3 | €407,294 | €675,949 | +€268,655 | +66.0% |
| Remuneration and social security | 454/9 | €22,192 | €7,254 | -€14,939 | -67.3% |
| Other amounts payable | 47/48 | €377 | €377 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,874 | €1,705 | -€1,169 | -40.7% |
| Operating income | 70/76A | €2,367,725 | €2,097,702 | -€270,023 | -11.4% |
| Turnover | 70 | €2,337,145 | €2,049,845 | -€287,300 | -12.3% |
| Other operating income | 74 | €30,579 | €47,857 | +€17,278 | +56.5% |
| Operating charges | 60/66A | €243,371 | €301,373 | +€58,002 | +23.8% |
| Services and other goods | 61 | €113,216 | €163,112 | +€49,896 | +44.1% |
| Remuneration, social security and pensions | 62 | €105,475 | €89,493 | -€15,981 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,872 | €43,577 | +€23,705 | +119.3% |
| Other operating charges | 640/8 | €4,808 | €5,191 | +€382 | +8.0% |
| Operating profit (loss) | 9901 | €2,124,354 | €1,796,329 | -€328,025 | -15.4% |
| Financial income | 75/76B | €8,455,585 | €18,917,277 | +€10.5m | +123.7% |
| Recurring financial income | 75 | €8,455,585 | €18,917,277 | +€10.5m | +123.7% |
| Income from financial fixed assets | 750 | €7,738,471 | €18,213,208 | +€10.5m | +135.4% |
| Income from current assets | 751 | €717,113 | €704,056 | -€13,058 | -1.8% |
| Other financial income | 752/9 | - | €13 | +€13 | |
| Financial charges | 65/66B | €65,681 | €3,866 | -€61,814 | -94.1% |
| Recurring financial charges | 65 | €65,681 | €3,866 | -€61,814 | -94.1% |
| Debt charges | 650 | €19 | €1,250 | +€1,231 | +6432.8% |
| Other financial charges | 652/9 | €65,662 | €2,616 | -€63,046 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €10,514,258 | €20,709,739 | +€10.2m | +97.0% |
| Income taxes | 67/77 | €714,966 | €650,252 | -€64,714 | -9.1% |
| Taxes | 670/3 | €714,966 | €650,252 | -€64,714 | -9.1% |
| Profit (loss) for the period | 9904 | €9,799,292 | €20,059,488 | +€10.3m | +104.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,799,292 | €20,059,488 | +€10.3m | +104.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.