FLPV: 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.
What changed
FLPV
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€4.5m
2023 · €3.1m+€1.4m
Equity
€309.5m
2023 · €303.0m+€6.5m
Cash
€1.6m
2023 · €1.4m+€173,147
Balance sheet total
€310.1m
2023 · €303.3m+€6.8m
Largest movements
Assets
- Financial fixed assets +€3.8m
up €3.8m (+1.3%), from €297.8m to €301.5m
Equity and liabilities
- Reserves +€4.0m
up €4.0m (+47.7%), from €8.4m to €12.3m
Income statement
- Financial income +€2.5m
up €2.5m (+66.2%), from €3.8m to €6.2m
of which Financial income: +€2.5m
- Financial charges +€850,095
up €850,095, from -€66,773 to €783,322
of which Non-recurring financial charges: +€775,636
- Taxes +€139,365
up €139,365 (+44.9%), from €310,485 to €449,850
- Gross operating margin -€109,980
down €109,980 (-31.3%), from -€351,282 to -€461,263
- Staff costs -€16,323
down €16,323 (-56.0%), from €29,171 to €12,848
From the 2023 result to the 2024 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.
Result 2023
€3.1m
Gross operating margin
-€109,980
Staff costs
+€16,323
Depreciation
-€9,974
Other operating charges
+€1,525
Financial income
+€2.5m
Financial charges
-€850,095
Taxes
-€139,365
Result 2024
€4.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.9m
Investment
-€5.7m
Financing
+€2.0m
Cash 2023
€1.4m
From operations (derived)
+€3.9m
Net result for the year
+€4.5m
Depreciation
+€37,040
Receivables within one year
-€902,464
Deferred charges and accrued income
-€13,349
Smaller working-capital items
-€1,740
Other debts
+€250,000
Investment (derived)
-€5.7m
Investment in fixed assets (net)
-€3.8m
Current investments
-€2.0m
Financing
+€2.0m
Debts after one year
+€4,710
Contributions, distributions and other
+€2.0m
Cash 2024
€1.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,264,924 | €310,051,680 | +€6.8m | +2.2% |
| Fixed assets | 21/28 | €298,250,706 | €301,984,655 | +€3.7m | +1.3% |
| Tangible fixed assets | 22/27 | €488,254 | €452,421 | -€35,833 | -7.3% |
| Land and buildings | 22 | €429,386 | €416,742 | -€12,644 | -2.9% |
| Furniture and vehicles | 24 | €58,868 | €35,679 | -€23,189 | -39.4% |
| Financial fixed assets | 28 | €297,762,452 | €301,532,234 | +€3.8m | +1.3% |
| Current assets | 29/58 | €5,014,217 | €8,067,026 | +€3.1m | +60.9% |
| Amounts receivable within one year | 40/41 | €1,496,419 | €2,398,882 | +€902,464 | +60.3% |
| Trade receivables | 40 | €12,394 | €9,233 | -€3,161 | -25.5% |
| Other amounts receivable | 41 | €1,484,025 | €2,389,649 | +€905,625 | +61.0% |
| Current investments | 50/53 | €2,104,409 | €4,068,258 | +€2.0m | +93.3% |
| Cash at bank and in hand | 54/58 | €1,396,308 | €1,569,455 | +€173,147 | +12.4% |
| Deferred charges and accrued income | 490/1 | €17,081 | €30,430 | +€13,349 | +78.1% |
| Total equity and liabilities | 10/49 | €303,264,924 | €310,051,680 | +€6.8m | +2.2% |
| Equity | 10/15 | €302,989,303 | €309,523,090 | +€6.5m | +2.2% |
| Contributions | 10/11 | €292,082,838 | €294,627,895 | +€2.5m | +0.9% |
| Reserves | 13 | €8,355,072 | €12,343,802 | +€4.0m | +47.7% |
| Distributable reserves | 133 | €8,355,072 | €12,343,802 | +€4.0m | +47.7% |
| Profit (loss) carried forward | 14 | €2,551,393 | €2,551,393 | = | 0.0% |
| Amounts payable | 17/49 | €275,621 | €528,591 | +€252,970 | +91.8% |
| Amounts payable after more than one year | 17 | - | €4,710 | +€4,710 | |
| Other amounts payable | 178/9 | - | €4,710 | +€4,710 | |
| Amounts payable within one year | 42/48 | €271,986 | €515,367 | +€243,381 | +89.5% |
| Trade debts | 44 | €17,902 | €15,367 | -€2,535 | -14.2% |
| Suppliers | 440/4 | €17,902 | €15,367 | -€2,535 | -14.2% |
| Taxes, remuneration and social security | 45 | €4,085 | - | -€4,085 | |
| Remuneration and social security | 454/9 | €4,085 | - | -€4,085 | |
| Other amounts payable | 47/48 | €250,000 | €500,000 | +€250,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | €3,635 | €8,514 | +€4,879 | +134.2% |
| Remuneration, social security and pensions | 62 | €29,171 | €12,848 | -€16,323 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,066 | €37,040 | +€9,974 | +36.8% |
| Other operating charges | 640/8 | €7,088 | €5,563 | -€1,525 | -21.5% |
| Gross operating margin | 9900 | -€351,282 | -€461,263 | -€109,980 | -31.3% |
| Operating profit (loss) | 9901 | -€414,607 | -€516,713 | -€102,106 | -24.6% |
| Financial income | 75/76B | €3,754,448 | €6,238,616 | +€2.5m | +66.2% |
| Recurring financial income | 75 | €3,754,448 | €6,220,603 | +€2.5m | +65.7% |
| Non-recurring financial income | 76B | - | €18,012 | +€18,012 | |
| Financial charges | 65/66B | -€66,773 | €783,322 | +€850,095 | |
| Recurring financial charges | 65 | -€66,773 | €7,686 | +€74,460 | |
| Non-recurring financial charges | 66B | - | €775,636 | +€775,636 | |
| Profit (loss) for the period before taxes | 9903 | €3,406,614 | €4,938,581 | +€1.5m | +45.0% |
| Income taxes | 67/77 | €310,485 | €449,850 | +€139,365 | +44.9% |
| Profit (loss) for the period | 9904 | €3,096,129 | €4,488,730 | +€1.4m | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,096,129 | €4,488,730 | +€1.4m | +45.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.