FLUMAT: 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.
FLUMAT
Largest movements
- Cash +€92,203
up €92,203 (+680.8%), from €13,544 to €105,746
mainly Current investments (+€84,706) and Depreciation (+€63,682)
- Current investments -€84,706
no longer reported in 2025 (was €84,706)
- Tangible fixed assets -€52,638
down €52,638 (-4.9%), from €1.1m to €1.0m
of which Land and buildings: -€1.1m
- Debts after one year -€40,000
down €40,000 (-6.0%), from €668,381 to €628,381
of which Financial debts: -€40,000
- Gross operating margin -€23,789
down €23,789 (-13.6%), from €174,712 to €150,923
- Depreciation -€23,409
down €23,409 (-26.9%), from €87,092 to €63,682
- Other operating charges -€5,514
down €5,514 (-9.9%), from €55,571 to €50,056
- Financial charges -€3,652
down €3,652 (-10.7%), from €34,260 to €30,608
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 | €1,178,497 | €1,145,089 | -€33,408 | -2.8% |
| Fixed assets | 21/28 | €1,080,248 | €1,027,609 | -€52,638 | -4.9% |
| Tangible fixed assets | 22/27 | €1,080,248 | €1,027,609 | -€52,638 | -4.9% |
| Land and buildings | 22 | €1,065,478 | - | -€1.1m | |
| Plant, machinery and equipment | 23 | - | €1,011,798 | +€1.0m | |
| Furniture and vehicles | 24 | €14,770 | €15,811 | +€1,041 | +7.0% |
| Current assets | 29/58 | €98,249 | €117,480 | +€19,231 | +19.6% |
| Current investments | 50/53 | €84,706 | - | -€84,706 | |
| Cash at bank and in hand | 54/58 | €13,544 | €105,746 | +€92,203 | +680.8% |
| Deferred charges and accrued income | 490/1 | - | €11,734 | +€11,734 | |
| Total equity and liabilities | 10/49 | €1,178,497 | €1,145,089 | -€33,408 | -2.8% |
| Equity | 10/15 | €502,288 | €509,132 | +€6,845 | +1.4% |
| Contributions | 10/11 | €388,525 | €388,525 | = | 0.0% |
| Capital | 10 | €388,525 | €388,525 | = | 0.0% |
| Issued capital | 100 | €388,525 | €388,525 | = | 0.0% |
| Reserves | 13 | €2 | €2 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2 | €2 | = | 0.0% |
| Legal reserve | 130 | €2 | €2 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,761 | €120,605 | +€6,845 | +6.0% |
| Amounts payable | 17/49 | €676,209 | €635,957 | -€40,253 | -6.0% |
| Amounts payable after more than one year | 17 | €668,381 | €628,381 | -€40,000 | -6.0% |
| Financial debts | 170/4 | €666,636 | €626,636 | -€40,000 | -6.0% |
| Other amounts payable | 178/9 | €1,745 | €1,745 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,828 | €7,575 | -€253 | -3.2% |
| Trade debts | 44 | €7,828 | €7,575 | -€253 | -3.2% |
| Suppliers | 440/4 | €7,828 | €7,575 | -€253 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,092 | €63,682 | -€23,409 | -26.9% |
| Other operating charges | 640/8 | €55,571 | €50,056 | -€5,514 | -9.9% |
| Gross operating margin | 9900 | €174,712 | €150,923 | -€23,789 | -13.6% |
| Operating profit (loss) | 9901 | €32,050 | €37,185 | +€5,135 | +16.0% |
| Financial income | 75/76B | €286 | €267 | -€19 | -6.6% |
| Recurring financial income | 75 | €286 | €267 | -€19 | -6.6% |
| Financial charges | 65/66B | €34,260 | €30,608 | -€3,652 | -10.7% |
| Recurring financial charges | 65 | €34,260 | €30,608 | -€3,652 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,923 | €6,845 | +€8,768 | |
| Profit (loss) for the period | 9904 | -€1,923 | €6,845 | +€8,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,923 | €6,845 | +€8,768 |
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 6 October 2026 via checked.be.