FLOTUS: 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.
FLOTUS
Largest movements
- Cash +€16,069
up €16,069 (+25.4%), from €63,214 to €79,283
mainly Net result for the year (+€40,624) and Depreciation (+€23,061)
- Receivables within one year +€13,778
up €13,778 (+134%), from €10,296 to €24,074
of which Trade receivables: +€12,640
- Intangible fixed assets -€10,580
down €10,580 (-16.4%), from €64,379 to €53,799
- Tangible fixed assets -€5,292
down €5,292 (-12.1%), from €43,614 to €38,321
of which Land and buildings: -€3,650
- Reserves +€40,624
up €40,624 (+45.6%), from €89,039 to €129,663
- Other debts -€18,551
down €18,551 (-100%), from €18,551 to €0
- Debts after one year -€11,416
down €11,416 (-32.8%), from €34,835 to €23,419
- Tax, wage and social debts +€3,786
up €3,786 (+16.5%), from €22,935 to €26,721
- Gross operating margin +€24,229
up €24,229 (+43.0%), from €56,372 to €80,601
- Taxes +€6,996
up €6,996 (+83.2%), from €8,410 to €15,407
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 | €182,355 | €196,362 | +€14,007 | +7.7% |
| Fixed assets | 21/28 | €107,992 | €92,120 | -€15,872 | -14.7% |
| Intangible fixed assets | 21 | €64,379 | €53,799 | -€10,580 | -16.4% |
| Tangible fixed assets | 22/27 | €43,614 | €38,321 | -€5,292 | -12.1% |
| Land and buildings | 22 | €22,210 | €18,560 | -€3,650 | -16.4% |
| Plant, machinery and equipment | 23 | €505 | €219 | -€285 | -56.6% |
| Furniture and vehicles | 24 | €20,899 | €19,542 | -€1,357 | -6.5% |
| Current assets | 29/58 | €74,363 | €104,242 | +€29,880 | +40.2% |
| Amounts receivable within one year | 40/41 | €10,296 | €24,074 | +€13,778 | +134% |
| Trade receivables | 40 | €10,183 | €22,823 | +€12,640 | +124% |
| Other amounts receivable | 41 | €113 | €1,251 | +€1,138 | +1,009% |
| Cash at bank and in hand | 54/58 | €63,214 | €79,283 | +€16,069 | +25.4% |
| Deferred charges and accrued income | 490/1 | €853 | €886 | +€32 | +3.8% |
| Total equity and liabilities | 10/49 | €182,355 | €196,362 | +€14,007 | +7.7% |
| Equity | 10/15 | €94,039 | €134,663 | +€40,624 | +43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,039 | €129,663 | +€40,624 | +45.6% |
| Distributable reserves | 133 | €89,039 | €129,663 | +€40,624 | +45.6% |
| Amounts payable | 17/49 | €88,316 | €61,699 | -€26,617 | -30.1% |
| Amounts payable after more than one year | 17 | €34,835 | €23,419 | -€11,416 | -32.8% |
| Financial debts | 170/4 | €34,835 | €23,419 | -€11,416 | -32.8% |
| Amounts payable within one year | 42/48 | €53,481 | €38,281 | -€15,200 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €11,285 | €11,416 | +€131 | +1.2% |
| Trade debts | 44 | €709 | €144 | -€566 | -79.8% |
| Suppliers | 440/4 | €709 | €144 | -€566 | -79.8% |
| Taxes, remuneration and social security | 45 | €22,935 | €26,721 | +€3,786 | +16.5% |
| Taxes | 450/3 | €22,935 | €26,721 | +€3,786 | +16.5% |
| Other amounts payable | 47/48 | €18,551 | €0 | -€18,551 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,006 | €23,061 | +€55 | +0.2% |
| Other operating charges | 640/8 | €1,575 | €938 | -€638 | -40.5% |
| Gross operating margin | 9900 | €56,372 | €80,601 | +€24,229 | +43.0% |
| Operating profit (loss) | 9901 | €31,791 | €56,603 | +€24,812 | +78.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €811 | €572 | -€239 | -29.5% |
| Recurring financial charges | 65 | €811 | €572 | -€239 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €30,980 | €56,030 | +€25,051 | +80.9% |
| Income taxes | 67/77 | €8,410 | €15,407 | +€6,996 | +83.2% |
| Profit (loss) for the period | 9904 | €22,569 | €40,624 | +€18,055 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,569 | €40,624 | +€18,055 | +80.0% |
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 27 October 2026 via checked.be.