FLOVISION: 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.
FLOVISION
Largest movements
- Tangible fixed assets +€339,576
up €339,576 (+51.5%), from €658,836 to €998,412
of which Land and buildings: +€354,548
- Current investments +€140,997
up €140,997 (+17.9%), from €789,318 to €930,316
- Cash -€42,588
down €42,588 (-37.3%), from €114,223 to €71,635
mainly Investment in fixed assets (net) (-€379,287) and Current investments (-€140,997)
- Revaluation surpluses +€376,109
new in 2025: €376,109
- Profit (loss) carried forward +€195,701
up €195,701 (+66.2%), from €295,801 to €491,502
- Reserves -€150,000
down €150,000 (-11.9%), from €1.3m to €1.1m
of which Distributable reserves: -€150,000
- Financial charges -€143,369
down €143,369, from €44,314 to -€99,055
- Financial income +€71,734
up €71,734 (+105.1%), from €68,234 to €139,968
- Gross operating margin -€23,331
down €23,331 (-10.4%), from €223,435 to €200,103
- Staff costs -€10,273
down €10,273 (-22.4%), from €45,841 to €35,568
- Taxes +€7,891
up €7,891 (+13.5%), from €58,289 to €66,181
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 | €1,602,608 | €2,028,873 | +€426,265 | +26.6% |
| Fixed assets | 21/28 | €658,836 | €998,412 | +€339,576 | +51.5% |
| Tangible fixed assets | 22/27 | €658,836 | €998,412 | +€339,576 | +51.5% |
| Land and buildings | 22 | €612,882 | €967,430 | +€354,548 | +57.8% |
| Plant, machinery and equipment | 23 | €207 | €302 | +€95 | +46.1% |
| Furniture and vehicles | 24 | €42,401 | €27,674 | -€14,728 | -34.7% |
| Other tangible fixed assets | 26 | €3,347 | €3,007 | -€339 | -10.1% |
| Current assets | 29/58 | €943,772 | €1,030,460 | +€86,689 | +9.2% |
| Amounts receivable within one year | 40/41 | €37,691 | €26,484 | -€11,207 | -29.7% |
| Trade receivables | 40 | €27,474 | €14,279 | -€13,196 | -48.0% |
| Other amounts receivable | 41 | €10,217 | €12,206 | +€1,989 | +19.5% |
| Current investments | 50/53 | €789,318 | €930,316 | +€140,997 | +17.9% |
| Cash at bank and in hand | 54/58 | €114,223 | €71,635 | -€42,588 | -37.3% |
| Deferred charges and accrued income | 490/1 | €2,539 | €2,025 | -€514 | -20.2% |
| Total equity and liabilities | 10/49 | €1,602,608 | €2,028,873 | +€426,265 | +26.6% |
| Equity | 10/15 | €1,572,568 | €1,994,378 | +€421,811 | +26.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | - | €376,109 | +€376,109 | |
| Reserves | 13 | €1,264,367 | €1,114,367 | -€150,000 | -11.9% |
| Tax-exempt reserves | 132 | €245 | €245 | = | 0.0% |
| Distributable reserves | 133 | €1,264,122 | €1,114,122 | -€150,000 | -11.9% |
| Profit (loss) carried forward | 14 | €295,801 | €491,502 | +€195,701 | +66.2% |
| Amounts payable | 17/49 | €30,040 | €34,494 | +€4,454 | +14.8% |
| Amounts payable within one year | 42/48 | €30,040 | €34,494 | +€4,454 | +14.8% |
| Trade debts | 44 | €3,016 | €7,867 | +€4,851 | +160.8% |
| Suppliers | 440/4 | €3,016 | €7,867 | +€4,851 | +160.8% |
| Taxes, remuneration and social security | 45 | €27,024 | €26,627 | -€397 | -1.5% |
| Taxes | 450/3 | €20,649 | €17,506 | -€3,143 | -15.2% |
| Remuneration and social security | 454/9 | €6,375 | €9,121 | +€2,746 | +43.1% |
| Remuneration, social security and pensions | 62 | €45,841 | €35,568 | -€10,273 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,588 | €39,711 | +€123 | +0.3% |
| Other operating charges | 640/8 | €2,039 | €1,965 | -€73 | -3.6% |
| Gross operating margin | 9900 | €223,435 | €200,103 | -€23,331 | -10.4% |
| Operating profit (loss) | 9901 | €135,966 | €122,859 | -€13,107 | -9.6% |
| Financial income | 75/76B | €68,234 | €139,968 | +€71,734 | +105.1% |
| Recurring financial income | 75 | €68,234 | €139,968 | +€71,734 | +105.1% |
| Financial charges | 65/66B | €44,314 | -€99,055 | -€143,369 | |
| Recurring financial charges | 65 | €44,314 | -€99,055 | -€143,369 | |
| Profit (loss) for the period before taxes | 9903 | €159,887 | €361,882 | +€201,995 | +126.3% |
| Income taxes | 67/77 | €58,289 | €66,181 | +€7,891 | +13.5% |
| Profit (loss) for the period | 9904 | €101,597 | €295,701 | +€194,104 | +191.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,597 | €295,701 | +€194,104 | +191.1% |
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 4 October 2026 via checked.be.