FLUENTES: 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.
FLUENTES
Largest movements
- Tangible fixed assets +€346,392
up €346,392 (+390.3%), from €88,740 to €435,133
of which Land and buildings: +€346,849
- Receivables within one year -€123,358
down €123,358 (-49.6%), from €248,655 to €125,298
of which Trade receivables: -€96,965
- Cash +€63,317
up €63,317 (+15.3%), from €414,682 to €477,999
mainly Debts after one year (+€201,810) and Net result for the year (+€174,375)
- Intangible fixed assets +€43,702
new in 2025: €43,702
- Stocks and contracts +€20,996
up €20,996 (+36.9%), from €56,970 to €77,966
- Debts after one year +€201,810
new in 2025: €201,810
- Other debts +€138,778
up €138,778 (+383.1%), from €36,222 to €175,000
- Staff costs +€31,915
up €31,915 (+52.3%), from €61,025 to €92,939
- Taxes -€18,905
down €18,905 (-26.0%), from €72,832 to €53,928
- Depreciation +€14,101
up €14,101 (+125.7%), from €11,215 to €25,317
- Gross operating margin -€8,297
down €8,297 (-2.2%), from €371,213 to €362,916
- Financial charges +€3,756
up €3,756 (+45.3%), from €8,286 to €12,042
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 | €858,338 | €1,209,388 | +€351,050 | +40.9% |
| Fixed assets | 21/28 | €88,740 | €478,835 | +€390,094 | +439.6% |
| Intangible fixed assets | 21 | - | €43,702 | +€43,702 | |
| Tangible fixed assets | 22/27 | €88,740 | €435,133 | +€346,392 | +390.3% |
| Land and buildings | 22 | - | €346,849 | +€346,849 | |
| Plant, machinery and equipment | 23 | €86,773 | €84,454 | -€2,319 | -2.7% |
| Furniture and vehicles | 24 | €915 | €3,508 | +€2,593 | +283.3% |
| Other tangible fixed assets | 26 | €1,052 | €321 | -€731 | -69.5% |
| Current assets | 29/58 | €769,597 | €730,553 | -€39,044 | -5.1% |
| Stocks and contracts in progress | 3 | €56,970 | €77,966 | +€20,996 | +36.9% |
| Stocks | 30/36 | €56,970 | €77,966 | +€20,996 | +36.9% |
| Amounts receivable within one year | 40/41 | €248,655 | €125,298 | -€123,358 | -49.6% |
| Trade receivables | 40 | €210,467 | €113,502 | -€96,965 | -46.1% |
| Other amounts receivable | 41 | €38,188 | €11,795 | -€26,393 | -69.1% |
| Current investments | 50/53 | €49,290 | €49,290 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €414,682 | €477,999 | +€63,317 | +15.3% |
| Total equity and liabilities | 10/49 | €858,338 | €1,209,388 | +€351,050 | +40.9% |
| Equity | 10/15 | €708,899 | €708,275 | -€625 | -0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €658,899 | €658,275 | -€625 | -0.1% |
| Distributable reserves | 133 | €658,899 | €658,275 | -€625 | -0.1% |
| Amounts payable | 17/49 | €149,438 | €501,113 | +€351,675 | +235.3% |
| Amounts payable after more than one year | 17 | - | €201,810 | +€201,810 | |
| Financial debts | 170/4 | - | €201,810 | +€201,810 | |
| Amounts payable within one year | 42/48 | €149,169 | €299,181 | +€150,012 | +100.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,163 | +€9,163 | |
| Financial debts | 43 | €31,250 | €31,250 | = | 0.0% |
| Credit institutions | 430/8 | €31,250 | €31,250 | = | 0.0% |
| Trade debts | 44 | €71,784 | €66,687 | -€5,098 | -7.1% |
| Suppliers | 440/4 | €71,784 | €66,687 | -€5,098 | -7.1% |
| Taxes, remuneration and social security | 45 | €9,913 | €17,082 | +€7,169 | +72.3% |
| Taxes | 450/3 | €3,516 | €10,050 | +€6,534 | +185.9% |
| Remuneration and social security | 454/9 | €6,397 | €7,032 | +€635 | +9.9% |
| Other amounts payable | 47/48 | €36,222 | €175,000 | +€138,778 | +383.1% |
| Accrued charges and deferred income | 492/3 | €269 | €122 | -€147 | -54.7% |
| Remuneration, social security and pensions | 62 | €61,025 | €92,939 | +€31,915 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,215 | €25,317 | +€14,101 | +125.7% |
| Other operating charges | 640/8 | €8,394 | €4,707 | -€3,687 | -43.9% |
| Gross operating margin | 9900 | €371,213 | €362,916 | -€8,297 | -2.2% |
| Operating profit (loss) | 9901 | €290,579 | €239,953 | -€50,626 | -17.4% |
| Financial income | 75/76B | €2,896 | €392 | -€2,504 | -86.5% |
| Recurring financial income | 75 | €2,896 | €392 | -€2,504 | -86.5% |
| Financial charges | 65/66B | €8,286 | €12,042 | +€3,756 | +45.3% |
| Recurring financial charges | 65 | €8,286 | €12,042 | +€3,756 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €285,189 | €228,303 | -€56,886 | -19.9% |
| Income taxes | 67/77 | €72,832 | €53,928 | -€18,905 | -26.0% |
| Profit (loss) for the period | 9904 | €212,357 | €174,375 | -€37,982 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €212,357 | €174,375 | -€37,982 | -17.9% |
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 7 October 2026 via checked.be.