FLUYT: what changed
FLUYT
Largest movements
- Receivables within one year -€178,539
down €178,539 (-33.2%), from €537,802 to €359,262
of which Trade receivables: -€106,519
- Tangible fixed assets -€39,826
down €39,826 (-8.1%), from €493,547 to €453,721
of which Leasing and similar rights: -€46,282
- Current investments +€24,000
up €24,000 (+120%), from €20,000 to €44,000
- Cash -€16,749
down €16,749 (-15.2%), from €109,968 to €93,219
mainly Trade debts (-€364,161) and Investment in fixed assets (net) (-€114,319)
- Trade debts -€364,161
down €364,161 (-82.6%), from €441,060 to €76,899
- Reserves +€121,622
up €121,622 (+35.0%), from €347,874 to €469,496
of which Distributable reserves: +€121,622
- Short-term financial debts +€94,937
up €94,937 (+42,609%), from €223 to €95,160
- Debts after one year -€66,229
down €66,229 (-31.5%), from €210,014 to €143,785
- Tax, wage and social debts +€27,309
up €27,309 (+183%), from €14,923 to €42,232
of which Taxes: +€23,449
- Gross operating margin +€53,635
up €53,635 (+12.2%), from €440,954 to €494,589
- Staff costs -€44,650
down €44,650 (-23.7%), from €188,699 to €144,049
- Depreciation +€37,165
up €37,165 (+31.0%), from €119,980 to €157,145
- Taxes +€23,957
up €23,957 (+83.1%), from €28,837 to €52,794
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,171,229 | €956,143 | -€215,087 | -18.4% |
| Fixed assets | 21/28 | €501,857 | €459,031 | -€42,826 | -8.5% |
| Tangible fixed assets | 22/27 | €493,547 | €453,721 | -€39,826 | -8.1% |
| Plant, machinery and equipment | 23 | €220,399 | €261,938 | +€41,539 | +18.8% |
| Furniture and vehicles | 24 | €111,062 | €75,979 | -€35,083 | -31.6% |
| Leasing and similar rights | 25 | €162,087 | €115,804 | -€46,282 | -28.6% |
| Financial fixed assets | 28 | €8,310 | €5,310 | -€3,000 | -36.1% |
| Current assets | 29/58 | €669,372 | €497,111 | -€172,261 | -25.7% |
| Amounts receivable within one year | 40/41 | €537,802 | €359,262 | -€178,539 | -33.2% |
| Trade receivables | 40 | €428,875 | €322,357 | -€106,519 | -24.8% |
| Other amounts receivable | 41 | €108,927 | €36,906 | -€72,021 | -66.1% |
| Current investments | 50/53 | €20,000 | €44,000 | +€24,000 | +120% |
| Cash at bank and in hand | 54/58 | €109,968 | €93,219 | -€16,749 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,602 | €630 | -€972 | -60.7% |
| Total equity and liabilities | 10/49 | €1,171,229 | €956,143 | -€215,087 | -18.4% |
| Equity | 10/15 | €367,874 | €489,496 | +€121,622 | +33.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €347,874 | €469,496 | +€121,622 | +35.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €347,874 | €469,496 | +€121,622 | +35.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €803,356 | €466,647 | -€336,709 | -41.9% |
| Amounts payable after more than one year | 17 | €210,014 | €143,785 | -€66,229 | -31.5% |
| Financial debts | 170/4 | €210,014 | €143,785 | -€66,229 | -31.5% |
| Amounts payable within one year | 42/48 | €592,970 | €322,183 | -€270,787 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €114,965 | €88,013 | -€26,952 | -23.4% |
| Financial debts | 43 | €223 | €95,160 | +€94,937 | +42,609% |
| Credit institutions | 430/8 | €223 | €95,160 | +€94,937 | +42,609% |
| Trade debts | 44 | €441,060 | €76,899 | -€364,161 | -82.6% |
| Suppliers | 440/4 | €441,060 | €76,899 | -€364,161 | -82.6% |
| Taxes, remuneration and social security | 45 | €14,923 | €42,232 | +€27,309 | +183% |
| Taxes | 450/3 | €3,160 | €26,609 | +€23,449 | +742% |
| Remuneration and social security | 454/9 | €11,764 | €15,623 | +€3,859 | +32.8% |
| Other amounts payable | 47/48 | €21,799 | €19,880 | -€1,919 | -8.8% |
| Accrued charges and deferred income | 492/3 | €372 | €678 | +€306 | +82.4% |
| Non-recurring operating income | 76A | €29,912 | €0 | -€29,912 | -100% |
| Remuneration, social security and pensions | 62 | €188,699 | €144,049 | -€44,650 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,980 | €157,145 | +€37,165 | +31.0% |
| Other operating charges | 640/8 | €8,709 | €5,565 | -€3,144 | -36.1% |
| Gross operating margin | 9900 | €440,954 | €494,589 | +€53,635 | +12.2% |
| Operating profit (loss) | 9901 | €123,566 | €187,830 | +€64,264 | +52.0% |
| Financial income | 75/76B | €74 | €1,603 | +€1,529 | +2,060% |
| Recurring financial income | 75 | €74 | €1,603 | +€1,529 | +2,060% |
| Financial charges | 65/66B | €15,682 | €14,017 | -€1,665 | -10.6% |
| Recurring financial charges | 65 | €15,682 | €14,017 | -€1,665 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €107,958 | €175,416 | +€67,458 | +62.5% |
| Income taxes | 67/77 | €28,837 | €52,794 | +€23,957 | +83.1% |
| Profit (loss) for the period | 9904 | €79,121 | €122,622 | +€43,501 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,121 | €122,622 | +€43,501 | +55.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.