FLOTHO: 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.
FLOTHO
Largest movements
- Cash +€468,320
up €468,320 (+77.2%), from €606,630 to €1.1m
mainly Depreciation (+€339,537) and Net result for the year (+€314,599)
- Tangible fixed assets -€333,134
down €333,134 (-23.1%), from €1.4m to €1.1m
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Stocks and contracts +€83,978
up €83,978 (+18.0%), from €465,592 to €549,570
- Profit (loss) carried forward +€314,599
up €314,599 (+78.7%), from -€399,567 to -€84,968
- Debts after one year -€189,626
down €189,626 (-23.4%), from €810,778 to €621,152
- Trade debts -€70,916
down €70,916 (-5.8%), from €1.2m to €1.1m
- Other debts -€64,414
down €64,414 (-15.9%), from €404,866 to €340,452
- Gross operating margin +€188,406
up €188,406 (+12.5%), from €1.5m to €1.7m
- Staff costs +€153,445
up €153,445 (+19.0%), from €808,080 to €961,525
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 | €2,784,026 | €2,786,783 | +€2,757 | +0.1% |
| Fixed assets | 21/28 | €1,446,292 | €1,113,363 | -€332,929 | -23.0% |
| Tangible fixed assets | 22/27 | €1,439,971 | €1,106,837 | -€333,134 | -23.1% |
| Land and buildings | 22 | €856,975 | €739,223 | -€117,752 | -13.7% |
| Furniture and vehicles | 24 | €91,271 | €25,045 | -€66,226 | -72.6% |
| Leasing and similar rights | 25 | €491,726 | €342,569 | -€149,156 | -30.3% |
| Financial fixed assets | 28 | €6,321 | €6,526 | +€205 | +3.2% |
| Current assets | 29/58 | €1,337,734 | €1,673,420 | +€335,686 | +25.1% |
| Stocks and contracts in progress | 3 | €465,592 | €549,570 | +€83,978 | +18.0% |
| Stocks | 30/36 | €465,592 | €549,570 | +€83,978 | +18.0% |
| Amounts receivable within one year | 40/41 | €61,718 | €45,032 | -€16,686 | -27.0% |
| Trade receivables | 40 | €61,393 | €43,026 | -€18,367 | -29.9% |
| Other amounts receivable | 41 | €325 | €2,006 | +€1,681 | +516.8% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €606,630 | €1,074,950 | +€468,320 | +77.2% |
| Deferred charges and accrued income | 490/1 | €3,795 | €3,868 | +€73 | +1.9% |
| Total equity and liabilities | 10/49 | €2,784,026 | €2,786,783 | +€2,757 | +0.1% |
| Equity | 10/15 | €433 | €315,032 | +€314,599 | +72632.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€399,567 | -€84,968 | +€314,599 | +78.7% |
| Amounts payable | 17/49 | €2,783,593 | €2,471,751 | -€311,842 | -11.2% |
| Amounts payable after more than one year | 17 | €810,778 | €621,152 | -€189,626 | -23.4% |
| Financial debts | 170/4 | €810,778 | €621,152 | -€189,626 | -23.4% |
| Amounts payable within one year | 42/48 | €1,965,380 | €1,850,599 | -€114,781 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €226,768 | €227,398 | +€630 | +0.3% |
| Trade debts | 44 | €1,216,935 | €1,146,019 | -€70,916 | -5.8% |
| Suppliers | 440/4 | €1,216,935 | €1,146,019 | -€70,916 | -5.8% |
| Taxes, remuneration and social security | 45 | €116,812 | €136,730 | +€19,919 | +17.1% |
| Taxes | 450/3 | €33,177 | €13,692 | -€19,486 | -58.7% |
| Remuneration and social security | 454/9 | €83,634 | €123,039 | +€39,405 | +47.1% |
| Other amounts payable | 47/48 | €404,866 | €340,452 | -€64,414 | -15.9% |
| Accrued charges and deferred income | 492/3 | €7,435 | - | -€7,435 | |
| Remuneration, social security and pensions | 62 | €808,080 | €961,525 | +€153,445 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,172 | €339,537 | +€12,364 | +3.8% |
| Other operating charges | 640/8 | €31,624 | €29,367 | -€2,257 | -7.1% |
| Non-recurring operating charges | 66A | €5,524 | - | -€5,524 | |
| Gross operating margin | 9900 | €1,501,537 | €1,689,943 | +€188,406 | +12.5% |
| Operating profit (loss) | 9901 | €329,137 | €359,514 | +€30,377 | +9.2% |
| Financial income | 75/76B | €1,074 | €5,860 | +€4,786 | +445.7% |
| Recurring financial income | 75 | €1,074 | €5,860 | +€4,786 | +445.7% |
| Financial charges | 65/66B | €46,236 | €50,775 | +€4,539 | +9.8% |
| Recurring financial charges | 65 | €46,236 | €50,775 | +€4,539 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €283,974 | €314,599 | +€30,625 | +10.8% |
| Profit (loss) for the period | 9904 | €283,974 | €314,599 | +€30,625 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €283,974 | €314,599 | +€30,625 | +10.8% |
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 30 September 2026 via checked.be.