FLUVA: 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.
FLUVA
Largest movements
- Cash -€74,976
down €74,976 (-96.0%), from €78,137 to €3,160
mainly Other debts (-€111,542) and Receivables within one year (-€64,704)
- Receivables within one year +€64,704
up €64,704 (+100.4%), from €64,430 to €129,134
of which Other amounts receivable: +€49,372
- Other debts -€111,542
down €111,542 (-17.6%), from €634,092 to €522,550
- Reserves +€101,681
up €101,681 (+3.2%), from €3.2m to €3.3m
of which Distributable reserves: +€101,681
- Financial income -€100,002
down €100,002 (-50.0%), from €200,029 to €100,027
- Staff costs -€10,959
down €10,959 (-20.3%), from €54,067 to €43,108
- Taxes -€7,842
down €7,842 (-43.5%), from €18,010 to €10,168
- Gross operating margin +€5,358
up €5,358 (+6.2%), from €87,057 to €92,414
- Other operating charges +€2,842
up €2,842 (+52.2%), from €5,448 to €8,290
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 | €5,584,508 | €5,564,022 | -€20,486 | -0.4% |
| Fixed assets | 21/28 | €5,324,938 | €5,309,621 | -€15,317 | -0.3% |
| Tangible fixed assets | 22/27 | €1,706,342 | €1,691,026 | -€15,317 | -0.9% |
| Land and buildings | 22 | €1,701,187 | €1,675,808 | -€25,379 | -1.5% |
| Plant, machinery and equipment | 23 | €4,550 | €15,069 | +€10,519 | +231.2% |
| Furniture and vehicles | 24 | €605 | €148 | -€457 | -75.5% |
| Financial fixed assets | 28 | €3,618,596 | €3,618,596 | = | 0.0% |
| Current assets | 29/58 | €259,571 | €254,401 | -€5,170 | -2.0% |
| Stocks and contracts in progress | 3 | €113,816 | €119,679 | +€5,862 | +5.2% |
| Stocks | 30/36 | €113,816 | €119,679 | +€5,862 | +5.2% |
| Amounts receivable within one year | 40/41 | €64,430 | €129,134 | +€64,704 | +100.4% |
| Trade receivables | 40 | €52,872 | €68,204 | +€15,332 | +29.0% |
| Other amounts receivable | 41 | €11,558 | €60,930 | +€49,372 | +427.2% |
| Cash at bank and in hand | 54/58 | €78,137 | €3,160 | -€74,976 | -96.0% |
| Deferred charges and accrued income | 490/1 | €3,188 | €2,428 | -€760 | -23.8% |
| Total equity and liabilities | 10/49 | €5,584,508 | €5,564,022 | -€20,486 | -0.4% |
| Equity | 10/15 | €4,896,711 | €4,998,391 | +€101,681 | +2.1% |
| Contributions | 10/11 | €395,453 | €395,453 | = | 0.0% |
| Reserves | 13 | €3,160,449 | €3,262,129 | +€101,681 | +3.2% |
| Non-distributable reserves | 130/1 | €37,449 | €37,449 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,449 | €37,449 | = | 0.0% |
| Distributable reserves | 133 | €3,123,000 | €3,224,680 | +€101,681 | +3.3% |
| Profit (loss) carried forward | 14 | €1,340,810 | €1,340,810 | = | 0.0% |
| Amounts payable | 17/49 | €687,798 | €565,631 | -€122,167 | -17.8% |
| Amounts payable within one year | 42/48 | €684,810 | €562,984 | -€121,826 | -17.8% |
| Trade debts | 44 | €4,895 | €2,997 | -€1,898 | -38.8% |
| Suppliers | 440/4 | €4,895 | €2,997 | -€1,898 | -38.8% |
| Taxes, remuneration and social security | 45 | €45,822 | €37,437 | -€8,386 | -18.3% |
| Taxes | 450/3 | €45,796 | €34,366 | -€11,430 | -25.0% |
| Remuneration and social security | 454/9 | €27 | €3,071 | +€3,044 | +11350.3% |
| Other amounts payable | 47/48 | €634,092 | €522,550 | -€111,542 | -17.6% |
| Accrued charges and deferred income | 492/3 | €2,988 | €2,647 | -€341 | -11.4% |
| Remuneration, social security and pensions | 62 | €54,067 | €43,108 | -€10,959 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,202 | €28,442 | -€760 | -2.6% |
| Other operating charges | 640/8 | €5,448 | €8,290 | +€2,842 | +52.2% |
| Gross operating margin | 9900 | €87,057 | €92,414 | +€5,358 | +6.2% |
| Operating profit (loss) | 9901 | -€1,661 | €12,575 | +€14,235 | |
| Financial income | 75/76B | €200,029 | €100,027 | -€100,002 | -50.0% |
| Recurring financial income | 75 | €200,029 | €100,027 | -€100,002 | -50.0% |
| Financial charges | 65/66B | €257 | €753 | +€495 | +192.4% |
| Recurring financial charges | 65 | €257 | €753 | +€495 | +192.4% |
| Profit (loss) for the period before taxes | 9903 | €198,111 | €111,849 | -€86,262 | -43.5% |
| Income taxes | 67/77 | €18,010 | €10,168 | -€7,842 | -43.5% |
| Profit (loss) for the period | 9904 | €180,101 | €101,681 | -€78,420 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €180,101 | €101,681 | -€78,420 | -43.5% |
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 3 October 2026 via checked.be.