Flotille: 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.
Flotille
Largest movements
- Tangible fixed assets +€334,030
up €334,030 (+166%), from €201,367 to €535,397
of which Land and buildings: +€373,470
- Cash -€32,907
down €32,907 (-77.0%), from €42,710 to €9,803
mainly Investment in fixed assets (net) (-€377,837) and Provisions (-€30,000)
- Receivables within one year -€7,591
down €7,591 (-91.6%), from €8,285 to €694
of which Trade receivables: -€6,720
- Debts after one year +€296,800
up €296,800 (+304%), from €97,588 to €394,387
- Provisions -€30,000
down €30,000 (-100%), from €30,000 to €0
- Current portion of long-term debt +€12,591
up €12,591 (+38.6%), from €32,609 to €45,200
- Trade debts +€12,502
up €12,502 (+1,430%), from €874 to €13,377
- Provisions -€60,000
down €60,000, from €30,000 to -€30,000
- Gross operating margin -€43,392
down €43,392 (-47.3%), from €91,643 to €48,250
- Other operating charges +€16,428
up €16,428 (+725%), from €2,264 to €18,692
- Financial charges +€2,683
up €2,683 (+48.2%), from €5,562 to €8,245
- Depreciation +€2,318
up €2,318 (+5.6%), from €41,489 to €43,807
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 | €254,464 | €548,361 | +€293,897 | +115% |
| Fixed assets | 21/28 | €201,521 | €535,551 | +€334,030 | +166% |
| Tangible fixed assets | 22/27 | €201,367 | €535,397 | +€334,030 | +166% |
| Land and buildings | 22 | - | €373,470 | +€373,470 | |
| Plant, machinery and equipment | 23 | €14,828 | €5,772 | -€9,056 | -61.1% |
| Furniture and vehicles | 24 | €186,539 | €156,155 | -€30,384 | -16.3% |
| Financial fixed assets | 28 | €154 | €154 | = | 0.0% |
| Current assets | 29/58 | €52,944 | €12,811 | -€40,133 | -75.8% |
| Amounts receivable within one year | 40/41 | €8,285 | €694 | -€7,591 | -91.6% |
| Trade receivables | 40 | €6,720 | €0 | -€6,720 | -100% |
| Other amounts receivable | 41 | €1,565 | €694 | -€871 | -55.6% |
| Cash at bank and in hand | 54/58 | €42,710 | €9,803 | -€32,907 | -77.0% |
| Deferred charges and accrued income | 490/1 | €1,949 | €2,314 | +€365 | +18.7% |
| Total equity and liabilities | 10/49 | €254,464 | €548,361 | +€293,897 | +115% |
| Equity | 10/15 | €84,970 | €85,269 | +€299 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,370 | €66,669 | +€299 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,510 | €64,809 | +€299 | +0.5% |
| Provisions and deferred taxes | 16 | €30,000 | €0 | -€30,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €0 | -€30,000 | -100% |
| Major repairs and maintenance | 162 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable | 17/49 | €139,494 | €463,092 | +€323,598 | +232% |
| Amounts payable after more than one year | 17 | €97,588 | €394,387 | +€296,800 | +304% |
| Financial debts | 170/4 | €97,588 | €394,387 | +€296,800 | +304% |
| Amounts payable within one year | 42/48 | €41,906 | €68,705 | +€26,798 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €32,609 | €45,200 | +€12,591 | +38.6% |
| Financial debts | 43 | €4 | €4 | = | 0.0% |
| Credit institutions | 430/8 | €4 | €4 | = | 0.0% |
| Trade debts | 44 | €874 | €13,377 | +€12,502 | +1,430% |
| Suppliers | 440/4 | €874 | €13,377 | +€12,502 | +1,430% |
| Taxes, remuneration and social security | 45 | €8,419 | €10,124 | +€1,705 | +20.3% |
| Taxes | 450/3 | €8,419 | €10,124 | +€1,705 | +20.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €185 | €0 | -€185 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,489 | €43,807 | +€2,318 | +5.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,000 | -€30,000 | -€60,000 | |
| Other operating charges | 640/8 | €2,264 | €18,692 | +€16,428 | +725% |
| Gross operating margin | 9900 | €91,643 | €48,250 | -€43,392 | -47.3% |
| Operating profit (loss) | 9901 | €17,705 | €15,752 | -€1,953 | -11.0% |
| Financial income | 75/76B | €9 | €66 | +€58 | +649% |
| Recurring financial income | 75 | €9 | €66 | +€58 | +649% |
| Financial charges | 65/66B | €5,562 | €8,245 | +€2,683 | +48.2% |
| Recurring financial charges | 65 | €5,562 | €8,245 | +€2,683 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €12,151 | €7,573 | -€4,578 | -37.7% |
| Income taxes | 67/77 | €8,420 | €7,274 | -€1,146 | -13.6% |
| Profit (loss) for the period | 9904 | €3,731 | €299 | -€3,432 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,731 | €299 | -€3,432 | -92.0% |
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 17 October 2026 via checked.be.