FLUVIANT: 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.
What changed
FLUVIANT
NACE 50.200, Water transport
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€109,372
2024 · -€148,904+€39,532
Equity
€890,731
2024 · €1.0m-€109,372
Cash
€15,686
2024 · €38,052-€22,366
Balance sheet total
€11.0m
2024 · €7.6m+€3.4m
Largest movements
Assets
- Tangible fixed assets +€3.1m
up €3.1m (+43.4%), from €7.2m to €10.4m
of which Plant, machinery and equipment: +€4.0m
- Receivables within one year +€363,212
up €363,212 (+195.4%), from €185,910 to €549,122
of which Trade receivables: +€371,906
Equity and liabilities
- Debts after one year +€3.7m
up €3.7m (+126.6%), from €2.9m to €6.6m
- Other debts -€1.4m
down €1.4m (-56.9%), from €2.5m to €1.1m
- Short-term financial debts +€634,167
new in 2025: €634,167
- Trade debts +€391,693
up €391,693 (+111.1%), from €352,630 to €744,323
- Accrued charges and deferred income +€113,487
up €113,487 (+114.2%), from €99,394 to €212,882
Income statement
- Other operating income +€249,717
up €249,717 (+225.7%), from €110,629 to €360,346
- Depreciation -€115,372
down €115,372 (-16.9%), from €683,032 to €567,660
- Other operating charges +€115,074
up €115,074 (+804.4%), from €14,306 to €129,380
- Services and other goods +€83,429
up €83,429 (+5.2%), from €1.6m to €1.7m
- Turnover -€82,301
down €82,301 (-2.9%), from €2.8m to €2.7m
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.
Result 2024
-€148,904
Turnover
-€82,301
Other operating income
+€249,717
Goods and materials
+€31,108
Services and other goods
-€83,429
Staff costs
-€2,278
Depreciation
+€115,372
Other operating charges
-€115,074
Other operating items
+€24,664
Financial income
-€36,977
Financial charges
-€58,441
Taxes
-€2,828
Result 2025
-€109,372
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.
From operations
-€771,270
Investment
-€3.7m
Financing
+€4.4m
Cash 2024
€38,052
From operations (derived)
-€771,270
Net result for the year
-€109,372
Depreciation
+€567,660
Stocks and contracts
+€376
Receivables within one year
-€363,212
Deferred charges and accrued income
+€19,837
Trade debts
+€391,693
Tax, wage and social debts
+€36,146
Other debts
-€1.4m
Accrued charges and deferred income
+€113,487
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€3.7m
Financing
+€4.4m
Debts after one year
+€3.7m
Current portion of long-term debt
+€100,391
Short-term financial debts
+€634,167
Cash 2025
€15,686
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,563,531 | €11,012,081 | +€3.4m | +45.6% |
| Formation expenses | 20 | €1,459 | - | -€1,459 | |
| Fixed assets | 21/28 | €7,237,451 | €10,366,827 | +€3.1m | +43.2% |
| Intangible fixed assets | 21 | €14,300 | €11,400 | -€2,900 | -20.3% |
| Tangible fixed assets | 22/27 | €7,221,651 | €10,353,927 | +€3.1m | +43.4% |
| Plant, machinery and equipment | 23 | €6,128,093 | €10,144,460 | +€4.0m | +65.5% |
| Furniture and vehicles | 24 | €22,240 | €13,546 | -€8,694 | -39.1% |
| Assets under construction and advance payments | 27 | €1,071,318 | €195,921 | -€875,397 | -81.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €324,622 | €645,254 | +€320,633 | +98.8% |
| Stocks and contracts in progress | 3 | €20,097 | €19,720 | -€376 | -1.9% |
| Stocks | 30/36 | €20,097 | €19,720 | -€376 | -1.9% |
| Raw materials and consumables | 30/31 | €20,097 | €19,720 | -€376 | -1.9% |
| Amounts receivable within one year | 40/41 | €185,910 | €549,122 | +€363,212 | +195.4% |
| Trade receivables | 40 | €168,057 | €539,963 | +€371,906 | +221.3% |
| Other amounts receivable | 41 | €17,853 | €9,159 | -€8,694 | -48.7% |
| Cash at bank and in hand | 54/58 | €38,052 | €15,686 | -€22,366 | -58.8% |
| Deferred charges and accrued income | 490/1 | €80,563 | €60,726 | -€19,837 | -24.6% |
| Total equity and liabilities | 10/49 | €7,563,531 | €11,012,081 | +€3.4m | +45.6% |
| Equity | 10/15 | €1,000,104 | €890,731 | -€109,372 | -10.9% |
| Contributions | 10/11 | €186,677 | €186,677 | = | 0.0% |
| Capital | 10 | €186,677 | €186,677 | = | 0.0% |
| Issued capital | 100 | €186,677 | €186,677 | = | 0.0% |
| Reserves | 13 | €851,126 | €785,305 | -€65,821 | -7.7% |
| Non-distributable reserves | 130/1 | €18,668 | €18,668 | = | 0.0% |
| Legal reserve | 130 | €18,668 | €18,668 | = | 0.0% |
| Tax-exempt reserves | 132 | €832,458 | €766,637 | -€65,821 | -7.9% |
| Profit (loss) carried forward | 14 | -€37,699 | -€81,250 | -€43,551 | -115.5% |
| Amounts payable | 17/49 | €6,563,428 | €10,121,350 | +€3.6m | +54.2% |
| Amounts payable after more than one year | 17 | €2,931,403 | €6,641,325 | +€3.7m | +126.6% |
| Financial debts | 170/4 | €2,931,403 | €6,641,325 | +€3.7m | +126.6% |
| Credit institutions | 173 | €1,697,145 | €3,541,325 | +€1.8m | +108.7% |
| Other loans | 174 | €1,234,257 | €3,100,000 | +€1.9m | +151.2% |
| Amounts payable within one year | 42/48 | €3,532,631 | €3,267,143 | -€265,488 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €643,391 | €743,783 | +€100,391 | +15.6% |
| Financial debts | 43 | - | €634,167 | +€634,167 | |
| Credit institutions | 430/8 | - | €634,167 | +€634,167 | |
| Trade debts | 44 | €352,630 | €744,323 | +€391,693 | +111.1% |
| Suppliers | 440/4 | €352,630 | €744,323 | +€391,693 | +111.1% |
| Taxes, remuneration and social security | 45 | €25,290 | €61,436 | +€36,146 | +142.9% |
| Taxes | 450/3 | €25,290 | €61,436 | +€36,146 | +142.9% |
| Other amounts payable | 47/48 | €2,511,320 | €1,083,435 | -€1.4m | -56.9% |
| Accrued charges and deferred income | 492/3 | €99,394 | €212,882 | +€113,487 | +114.2% |
| Operating income | 70/76A | €2,911,598 | €3,079,013 | +€167,415 | +5.7% |
| Turnover | 70 | €2,800,969 | €2,718,667 | -€82,301 | -2.9% |
| Other operating income | 74 | €110,629 | €360,346 | +€249,717 | +225.7% |
| Operating charges | 60/66A | €2,902,530 | €2,932,167 | +€29,637 | +1.0% |
| Goods for resale, raw materials and consumables | 60 | €547,171 | €516,063 | -€31,108 | -5.7% |
| Purchases | 600/8 | €546,159 | €515,687 | -€30,472 | -5.6% |
| Change in stocks: decrease (increase) | 609 | €1,011 | €376 | -€635 | -62.8% |
| Services and other goods | 61 | €1,614,091 | €1,697,520 | +€83,429 | +5.2% |
| Remuneration, social security and pensions | 62 | €13,131 | €15,409 | +€2,278 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683,032 | €567,660 | -€115,372 | -16.9% |
| Other operating charges | 640/8 | €14,306 | €129,380 | +€115,074 | +804.4% |
| Non-recurring operating charges | 66A | €30,800 | €6,136 | -€24,664 | -80.1% |
| Operating profit (loss) | 9901 | €9,067 | €146,846 | +€137,778 | +1519.5% |
| Financial income | 75/76B | €37,707 | €729 | -€36,977 | -98.1% |
| Recurring financial income | 75 | €37,707 | €729 | -€36,977 | -98.1% |
| Other financial income | 752/9 | €37,707 | €729 | -€36,977 | -98.1% |
| Financial charges | 65/66B | €189,405 | €247,846 | +€58,441 | +30.9% |
| Recurring financial charges | 65 | €189,405 | €247,846 | +€58,441 | +30.9% |
| Debt charges | 650 | €182,989 | €230,779 | +€47,790 | +26.1% |
| Other financial charges | 652/9 | €6,416 | €17,067 | +€10,651 | +166.0% |
| Profit (loss) for the period before taxes | 9903 | -€142,631 | -€100,271 | +€42,360 | +29.7% |
| Income taxes | 67/77 | €6,273 | €9,101 | +€2,828 | +45.1% |
| Taxes | 670/3 | €6,273 | €9,101 | +€2,828 | +45.1% |
| Profit (loss) for the period | 9904 | -€148,904 | -€109,372 | +€39,532 | +26.5% |
| Transfer from tax-exempt reserves | 789 | - | €65,821 | +€65,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148,904 | -€43,551 | +€105,353 | +70.8% |
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 11 October 2026 via checked.be.