FLS INVEST: what changed
What changed
FLS INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€191,047
2024 · €10,911+€180,137
Equity
€261,958
2024 · €70,911+€191,047
Cash
€182,886
2024 · €73,832+€109,053
Balance sheet total
€1.8m
2024 · €1.6m+€140,632
Largest movements
Assets
- Cash +€109,053
up €109,053 (+148%), from €73,832 to €182,886
mainly Net result for the year (+€191,047) and Depreciation (+€16,005)
- Tangible fixed assets +€18,195
up €18,195 (+35.1%), from €51,876 to €70,071
Equity and liabilities
- Profit (loss) carried forward +€191,047
up €191,047 (+1,751%), from €10,911 to €201,958
- Debts after one year -€53,169
down €53,169 (-3.8%), from €1.4m to €1.3m
of which Financial debts: -€53,169
- Trade debts -€23,629
down €23,629 (-69.0%), from €34,225 to €10,595
Income statement
- Financial income +€190,000
new in 2025: €190,000
- Financial charges +€22,727
up €22,727 (+86.1%), from €26,393 to €49,120
- Gross operating margin +€22,375
up €22,375 (+48.4%), from €46,267 to €68,643
- Depreciation +€11,290
up €11,290 (+239%), from €4,715 to €16,005
- Taxes -€2,942
down €2,942 (-79.2%), from €3,715 to €773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,911
Gross operating margin
+€22,375
Depreciation
-€11,290
Other operating charges
-€1,164
Financial income
+€190,000
Financial charges
-€22,727
Taxes
+€2,942
Result 2025
€191,047
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€180,993
Investment
-€34,200
Financing
-€37,739
Cash 2024
€73,832
From operations (derived)
+€180,993
Net result for the year
+€191,047
Depreciation
+€16,005
Receivables within one year
-€13,445
Deferred charges and accrued income
+€62
Trade debts
-€23,629
Tax, wage and social debts
-€3,351
Other debts
+€3,603
Accrued charges and deferred income
+€10,700
Investment (derived)
-€34,200
Investment in fixed assets (net)
-€34,200
Financing
-€37,739
Debts after one year
-€53,169
Current portion of long-term debt
+€15,430
Cash 2025
€182,886
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,628,644 | €1,769,276 | +€140,632 | +8.6% |
| Fixed assets | 21/28 | €1,551,801 | €1,569,996 | +€18,195 | +1.2% |
| Tangible fixed assets | 22/27 | €51,876 | €70,071 | +€18,195 | +35.1% |
| Furniture and vehicles | 24 | €51,876 | €70,071 | +€18,195 | +35.1% |
| Financial fixed assets | 28 | €1,499,925 | €1,499,925 | = | 0.0% |
| Current assets | 29/58 | €76,843 | €199,279 | +€122,436 | +159% |
| Amounts receivable within one year | 40/41 | €3 | €13,448 | +€13,445 | +443,713% |
| Trade receivables | 40 | - | €12,721 | +€12,721 | |
| Other amounts receivable | 41 | €3 | €727 | +€724 | +23,879% |
| Cash at bank and in hand | 54/58 | €73,832 | €182,886 | +€109,053 | +148% |
| Deferred charges and accrued income | 490/1 | €3,008 | €2,946 | -€62 | -2.0% |
| Total equity and liabilities | 10/49 | €1,628,644 | €1,769,276 | +€140,632 | +8.6% |
| Equity | 10/15 | €70,911 | €261,958 | +€191,047 | +269% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,911 | €201,958 | +€191,047 | +1,751% |
| Amounts payable | 17/49 | €1,557,733 | €1,507,317 | -€50,416 | -3.2% |
| Amounts payable after more than one year | 17 | €1,395,855 | €1,342,687 | -€53,169 | -3.8% |
| Financial debts | 170/4 | €545,855 | €492,687 | -€53,169 | -9.7% |
| Other amounts payable | 178/9 | €850,000 | €850,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,713 | €127,766 | -€7,947 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €83,689 | €99,119 | +€15,430 | +18.4% |
| Trade debts | 44 | €34,225 | €10,595 | -€23,629 | -69.0% |
| Suppliers | 440/4 | €34,225 | €10,595 | -€23,629 | -69.0% |
| Taxes, remuneration and social security | 45 | €10,693 | €7,342 | -€3,351 | -31.3% |
| Taxes | 450/3 | €8,393 | €5,042 | -€3,351 | -39.9% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €7,106 | €10,709 | +€3,603 | +50.7% |
| Accrued charges and deferred income | 492/3 | €26,165 | €36,865 | +€10,700 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,715 | €16,005 | +€11,290 | +239% |
| Other operating charges | 640/8 | €533 | €1,697 | +€1,164 | +218% |
| Gross operating margin | 9900 | €46,267 | €68,643 | +€22,375 | +48.4% |
| Operating profit (loss) | 9901 | €41,019 | €50,941 | +€9,922 | +24.2% |
| Financial income | 75/76B | - | €190,000 | +€190,000 | |
| Recurring financial income | 75 | - | €190,000 | +€190,000 | |
| Financial charges | 65/66B | €26,393 | €49,120 | +€22,727 | +86.1% |
| Recurring financial charges | 65 | €26,393 | €49,120 | +€22,727 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €14,626 | €191,821 | +€177,195 | +1,211% |
| Income taxes | 67/77 | €3,715 | €773 | -€2,942 | -79.2% |
| Profit (loss) for the period | 9904 | €10,911 | €191,047 | +€180,137 | +1,651% |
| Profit (loss) for the period to be appropriated | 9905 | €10,911 | €191,047 | +€180,137 | +1,651% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.