FLOTLAND: 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.
FLOTLAND
Largest movements
- Cash -€118,230
down €118,230 (-56.4%), from €209,492 to €91,262
mainly Contributions, distributions and other (-€89,842) and Tax, wage and social debts (-€38,199)
- Tangible fixed assets -€7,727
down €7,727 (-26.2%), from €29,440 to €21,713
of which Furniture and vehicles: -€9,777
- Receivables within one year +€7,422
up €7,422 (+21.0%), from €35,302 to €42,723
of which Trade receivables: +€16,176
- Reserves -€81,059
down €81,059 (-31.8%), from €255,129 to €174,070
- Tax, wage and social debts -€38,199
down €38,199 (-86.5%), from €44,183 to €5,984
of which Taxes: -€35,344
- Other debts +€8,427
up €8,427 (+243%), from €3,466 to €11,892
- Current portion of long-term debt -€6,856
no longer reported in 2025 (was €6,856)
- Gross operating margin -€89,773
down €89,773 (-79.0%), from €113,633 to €23,860
- Taxes -€18,355
down €18,355 (-87.5%), from €20,985 to €2,629
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 | €316,003 | €195,897 | -€120,107 | -38.0% |
| Fixed assets | 21/28 | €29,440 | €21,713 | -€7,727 | -26.2% |
| Tangible fixed assets | 22/27 | €29,440 | €21,713 | -€7,727 | -26.2% |
| Furniture and vehicles | 24 | €29,440 | €19,663 | -€9,777 | -33.2% |
| Other tangible fixed assets | 26 | - | €2,050 | +€2,050 | |
| Current assets | 29/58 | €286,563 | €174,184 | -€112,379 | -39.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,302 | €42,723 | +€7,422 | +21.0% |
| Trade receivables | 40 | €15,730 | €31,906 | +€16,176 | +103% |
| Other amounts receivable | 41 | €19,572 | €10,817 | -€8,755 | -44.7% |
| Cash at bank and in hand | 54/58 | €209,492 | €91,262 | -€118,230 | -56.4% |
| Deferred charges and accrued income | 490/1 | €1,769 | €198 | -€1,571 | -88.8% |
| Total equity and liabilities | 10/49 | €316,003 | €195,897 | -€120,107 | -38.0% |
| Equity | 10/15 | €258,129 | €177,070 | -€81,059 | -31.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €255,129 | €174,070 | -€81,059 | -31.8% |
| Distributable reserves | 133 | €255,129 | €174,070 | -€81,059 | -31.8% |
| Amounts payable | 17/49 | €57,874 | €18,826 | -€39,048 | -67.5% |
| Amounts payable within one year | 42/48 | €57,874 | €18,471 | -€39,403 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €6,856 | - | -€6,856 | |
| Trade debts | 44 | €3,369 | €595 | -€2,774 | -82.3% |
| Suppliers | 440/4 | €3,369 | €595 | -€2,774 | -82.3% |
| Taxes, remuneration and social security | 45 | €44,183 | €5,984 | -€38,199 | -86.5% |
| Taxes | 450/3 | €41,328 | €5,984 | -€35,344 | -85.5% |
| Remuneration and social security | 454/9 | €2,855 | - | -€2,855 | |
| Other amounts payable | 47/48 | €3,466 | €11,892 | +€8,427 | +243% |
| Accrued charges and deferred income | 492/3 | - | €355 | +€355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,795 | €12,085 | +€291 | +2.5% |
| Other operating charges | 640/8 | €354 | €694 | +€340 | +96.2% |
| Non-recurring operating charges | 66A | - | €161 | +€161 | |
| Gross operating margin | 9900 | €113,633 | €23,860 | -€89,773 | -79.0% |
| Operating profit (loss) | 9901 | €101,485 | €10,920 | -€90,565 | -89.2% |
| Financial income | 75/76B | €1,045 | €1,067 | +€22 | +2.1% |
| Recurring financial income | 75 | €1,045 | €1,067 | +€22 | +2.1% |
| Financial charges | 65/66B | €486 | €574 | +€88 | +18.1% |
| Recurring financial charges | 65 | €486 | €574 | +€88 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €102,044 | €11,413 | -€90,631 | -88.8% |
| Income taxes | 67/77 | €20,985 | €2,629 | -€18,355 | -87.5% |
| Profit (loss) for the period | 9904 | €81,059 | €8,783 | -€72,275 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,059 | €8,783 | -€72,275 | -89.2% |
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 21 October 2026 via checked.be.