Fluo Management Service: 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.
Fluo Management Service
Largest movements
- Current investments +€63,317
up €63,317 (+13.9%), from €455,499 to €518,817
- Cash -€24,845
down €24,845 (-10.2%), from €243,950 to €219,106
mainly Contributions, distributions and other (-€94,269) and Current investments (-€63,317)
- Tangible fixed assets -€13,136
down €13,136 (-35.0%), from €37,498 to €24,362
of which Furniture and vehicles: -€13,258
- Reserves +€43,410
up €43,410 (+5.8%), from €742,175 to €785,585
- Tax, wage and social debts -€15,921
down €15,921 (-41.7%), from €38,210 to €22,289
- Gross operating margin -€39,326
down €39,326 (-16.5%), from €239,033 to €199,707
- Taxes -€11,401
down €11,401 (-17.0%), from €67,189 to €55,787
- Financial income +€10,646
up €10,646 (+2,194%), from €485 to €11,131
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 | €794,880 | €822,841 | +€27,961 | +3.5% |
| Fixed assets | 21/28 | €37,498 | €24,362 | -€13,136 | -35.0% |
| Tangible fixed assets | 22/27 | €37,498 | €24,362 | -€13,136 | -35.0% |
| Land and buildings | 22 | €7,137 | €6,088 | -€1,049 | -14.7% |
| Plant, machinery and equipment | 23 | €1,925 | €3,096 | +€1,170 | +60.8% |
| Furniture and vehicles | 24 | €28,436 | €15,178 | -€13,258 | -46.6% |
| Current assets | 29/58 | €757,382 | €798,479 | +€41,097 | +5.4% |
| Amounts receivable within one year | 40/41 | €50,094 | €53,390 | +€3,296 | +6.6% |
| Trade receivables | 40 | €50,094 | €53,390 | +€3,296 | +6.6% |
| Current investments | 50/53 | €455,499 | €518,817 | +€63,317 | +13.9% |
| Cash at bank and in hand | 54/58 | €243,950 | €219,106 | -€24,845 | -10.2% |
| Deferred charges and accrued income | 490/1 | €7,839 | €7,167 | -€672 | -8.6% |
| Total equity and liabilities | 10/49 | €794,880 | €822,841 | +€27,961 | +3.5% |
| Equity | 10/15 | €754,575 | €797,985 | +€43,410 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €742,175 | €785,585 | +€43,410 | +5.8% |
| Distributable reserves | 133 | €742,175 | €785,585 | +€43,410 | +5.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,306 | €24,856 | -€15,449 | -38.3% |
| Amounts payable within one year | 42/48 | €40,306 | €24,856 | -€15,449 | -38.3% |
| Trade debts | 44 | €853 | €1,118 | +€265 | +31.1% |
| Suppliers | 440/4 | €853 | €1,118 | +€265 | +31.1% |
| Taxes, remuneration and social security | 45 | €38,210 | €22,289 | -€15,921 | -41.7% |
| Taxes | 450/3 | €38,210 | €22,289 | -€15,921 | -41.7% |
| Other amounts payable | 47/48 | €1,243 | €1,449 | +€206 | +16.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,748 | €15,801 | +€53 | +0.3% |
| Other operating charges | 640/8 | €1,185 | €1,245 | +€60 | +5.0% |
| Gross operating margin | 9900 | €239,033 | €199,707 | -€39,326 | -16.5% |
| Operating profit (loss) | 9901 | €222,100 | €182,662 | -€39,438 | -17.8% |
| Financial income | 75/76B | €485 | €11,131 | +€10,646 | +2,194% |
| Recurring financial income | 75 | €485 | €11,131 | +€10,646 | +2,194% |
| Financial charges | 65/66B | €276 | €327 | +€51 | +18.5% |
| Recurring financial charges | 65 | €276 | €327 | +€51 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €222,309 | €193,466 | -€28,843 | -13.0% |
| Income taxes | 67/77 | €67,189 | €55,787 | -€11,401 | -17.0% |
| Profit (loss) for the period | 9904 | €155,121 | €137,679 | -€17,442 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €155,121 | €137,679 | -€17,442 | -11.2% |
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 28 October 2026 via checked.be.