FLUESCO: 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.
FLUESCO
Largest movements
- Tangible fixed assets +€54,338
up €54,338 (+100,163%), from €54 to €54,392
- Cash +€36,767
up €36,767 (+129%), from €28,479 to €65,246
mainly Net result for the year (+€100,684) and Other debts (+€36,592)
- Receivables within one year -€15,664
down €15,664 (-27.3%), from €57,419 to €41,755
- Current investments +€12,066
up €12,066 (+9.3%), from €130,000 to €142,066
- Deferred charges and accrued income +€3,658
up €3,658 (+491%), from €745 to €4,403
- Other debts +€36,592
up €36,592 (+31.7%), from €115,545 to €152,138
- Debts after one year +€32,301
new in 2025: €32,301
- Current portion of long-term debt +€19,610
new in 2025: €19,610
- Tax, wage and social debts +€7,076
up €7,076 (+52.9%), from €13,368 to €20,444
of which Taxes: +€7,076
- Trade debts -€4,214
down €4,214 (-37.8%), from €11,161 to €6,947
- Financial income +€34,674
up €34,674 (+35,332%), from €98 to €34,773
- Gross operating margin +€19,754
up €19,754 (+23.7%), from €83,484 to €103,238
- Taxes +€11,169
up €11,169 (+60.6%), from €18,444 to €29,612
- Depreciation +€2,350
up €2,350 (+74.3%), from €3,164 to €5,515
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 | €218,222 | €309,588 | +€91,365 | +41.9% |
| Fixed assets | 21/28 | €79 | €54,417 | +€54,338 | +68,566% |
| Tangible fixed assets | 22/27 | €54 | €54,392 | +€54,338 | +100,163% |
| Furniture and vehicles | 24 | €54 | €54,392 | +€54,338 | +100,163% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €218,143 | €255,170 | +€37,027 | +17.0% |
| Stocks and contracts in progress | 3 | €1,500 | €1,700 | +€200 | +13.3% |
| Stocks | 30/36 | €1,500 | €1,700 | +€200 | +13.3% |
| Amounts receivable within one year | 40/41 | €57,419 | €41,755 | -€15,664 | -27.3% |
| Trade receivables | 40 | €57,419 | €41,755 | -€15,664 | -27.3% |
| Current investments | 50/53 | €130,000 | €142,066 | +€12,066 | +9.3% |
| Cash at bank and in hand | 54/58 | €28,479 | €65,246 | +€36,767 | +129% |
| Deferred charges and accrued income | 490/1 | €745 | €4,403 | +€3,658 | +491% |
| Total equity and liabilities | 10/49 | €218,222 | €309,588 | +€91,365 | +41.9% |
| Equity | 10/15 | €78,147 | €78,147 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,547 | €59,547 | = | 0.0% |
| Distributable reserves | 133 | €59,547 | €59,547 | = | 0.0% |
| Amounts payable | 17/49 | €140,075 | €231,440 | +€91,365 | +65.2% |
| Amounts payable after more than one year | 17 | - | €32,301 | +€32,301 | |
| Financial debts | 170/4 | - | €32,301 | +€32,301 | |
| Amounts payable within one year | 42/48 | €140,075 | €199,139 | +€59,064 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | - | €19,610 | +€19,610 | |
| Trade debts | 44 | €11,161 | €6,947 | -€4,214 | -37.8% |
| Suppliers | 440/4 | €11,161 | €6,947 | -€4,214 | -37.8% |
| Taxes, remuneration and social security | 45 | €13,368 | €20,444 | +€7,076 | +52.9% |
| Taxes | 450/3 | €13,368 | €20,444 | +€7,076 | +52.9% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €115,545 | €152,138 | +€36,592 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,164 | €5,515 | +€2,350 | +74.3% |
| Other operating charges | 640/8 | - | €966 | +€966 | |
| Gross operating margin | 9900 | €83,484 | €103,238 | +€19,754 | +23.7% |
| Operating profit (loss) | 9901 | €80,319 | €96,757 | +€16,438 | +20.5% |
| Financial income | 75/76B | €98 | €34,773 | +€34,674 | +35,332% |
| Recurring financial income | 75 | €98 | €34,773 | +€34,674 | +35,332% |
| Financial charges | 65/66B | €448 | €1,234 | +€786 | +175% |
| Recurring financial charges | 65 | €448 | €1,234 | +€786 | +175% |
| Profit (loss) for the period before taxes | 9903 | €79,969 | €130,296 | +€50,327 | +62.9% |
| Income taxes | 67/77 | €18,444 | €29,612 | +€11,169 | +60.6% |
| Profit (loss) for the period | 9904 | €61,526 | €100,684 | +€39,158 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,526 | €100,684 | +€39,158 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.