FLUITEN BELGIUM: 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.
FLUITEN BELGIUM
Largest movements
- Receivables within one year -€92,519
down €92,519 (-51.3%), from €180,430 to €87,911
of which Trade receivables: -€87,135
- Cash +€39,740
up €39,740 (+334%), from €11,884 to €51,624
mainly Receivables within one year (+€92,519) and Stocks and contracts (+€32,834)
- Stocks and contracts -€32,834
down €32,834 (-52.7%), from €62,316 to €29,482
- Tangible fixed assets +€3,080
up €3,080 (+244%), from €1,261 to €4,342
of which Plant, machinery and equipment: +€3,003
- Trade debts -€100,646
down €100,646 (-54.1%), from €186,012 to €85,367
of which Suppliers: -€68,611
- Profit (loss) carried forward +€13,573
up €13,573 (+3.9%), from -€351,468 to -€337,895
- Tax, wage and social debts +€5,611
up €5,611 (+7,415%), from €76 to €5,687
- Gross operating margin +€6,563
up €6,563 (+55.4%), from €11,855 to €18,418
- Other operating charges -€5,655
down €5,655 (-70.4%), from €8,032 to €2,376
- Taxes +€990
new in 2025: €990
- Financial charges +€224
up €224 (+37.9%), from €590 to €814
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 | €258,670 | €176,093 | -€82,577 | -31.9% |
| Fixed assets | 21/28 | €3,351 | €6,432 | +€3,080 | +91.9% |
| Tangible fixed assets | 22/27 | €1,261 | €4,342 | +€3,080 | +244% |
| Plant, machinery and equipment | 23 | €436 | €3,440 | +€3,003 | +688% |
| Furniture and vehicles | 24 | €825 | €902 | +€77 | +9.3% |
| Financial fixed assets | 28 | €2,090 | €2,090 | = | 0.0% |
| Current assets | 29/58 | €255,319 | €169,661 | -€85,657 | -33.5% |
| Stocks and contracts in progress | 3 | €62,316 | €29,482 | -€32,834 | -52.7% |
| Stocks | 30/36 | €62,316 | €29,482 | -€32,834 | -52.7% |
| Amounts receivable within one year | 40/41 | €180,430 | €87,911 | -€92,519 | -51.3% |
| Trade receivables | 40 | €175,046 | €87,911 | -€87,135 | -49.8% |
| Other amounts receivable | 41 | €5,384 | - | -€5,384 | |
| Cash at bank and in hand | 54/58 | €11,884 | €51,624 | +€39,740 | +334% |
| Deferred charges and accrued income | 490/1 | €689 | €644 | -€45 | -6.5% |
| Total equity and liabilities | 10/49 | €258,670 | €176,093 | -€82,577 | -31.9% |
| Equity | 10/15 | €71,466 | €85,039 | +€13,573 | +19.0% |
| Contributions | 10/11 | €117,500 | €117,500 | = | 0.0% |
| Capital | 10 | €117,500 | €117,500 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Uncalled capital | 101 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €305,434 | €305,434 | = | 0.0% |
| Tax-exempt reserves | 132 | €305,434 | €305,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,468 | -€337,895 | +€13,573 | +3.9% |
| Amounts payable | 17/49 | €187,204 | €91,054 | -€96,150 | -51.4% |
| Amounts payable within one year | 42/48 | €187,204 | €91,054 | -€96,150 | -51.4% |
| Trade debts | 44 | €186,012 | €85,367 | -€100,646 | -54.1% |
| Suppliers | 440/4 | €153,977 | €85,367 | -€68,611 | -44.6% |
| Bills of exchange payable | 441 | €32,035 | - | -€32,035 | |
| Taxes, remuneration and social security | 45 | €76 | €5,687 | +€5,611 | +7,415% |
| Taxes | 450/3 | €76 | €5,687 | +€5,611 | +7,415% |
| Other amounts payable | 47/48 | €1,116 | - | -€1,116 | |
| Remuneration, social security and pensions | 62 | €37 | €6 | -€31 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €660 | +€17 | +2.7% |
| Other operating charges | 640/8 | €8,032 | €2,376 | -€5,655 | -70.4% |
| Gross operating margin | 9900 | €11,855 | €18,418 | +€6,563 | +55.4% |
| Operating profit (loss) | 9901 | €3,144 | €15,376 | +€12,232 | +389% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €590 | €814 | +€224 | +37.9% |
| Recurring financial charges | 65 | €590 | €814 | +€224 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €2,554 | €14,563 | +€12,009 | +470% |
| Income taxes | 67/77 | - | €990 | +€990 | |
| Profit (loss) for the period | 9904 | €2,554 | €13,573 | +€11,019 | +431% |
| Profit (loss) for the period to be appropriated | 9905 | €2,554 | €13,573 | +€11,019 | +431% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.