FLV: 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.
FLV
Largest movements
- Cash -€35,672
down €35,672 (-38.4%), from €92,969 to €57,297
mainly Contributions, distributions and other (-€99,000) and Receivables within one year (-€26,072)
- Receivables within one year +€26,072
up €26,072 (+2101.9%), from €1,240 to €27,313
of which Trade receivables: +€26,063
- Tangible fixed assets -€4,531
down €4,531 (-19.7%), from €22,958 to €18,427
of which Furniture and vehicles: -€2,546
- Reserves -€21,000
down €21,000 (-7.0%), from €302,000 to €281,000
of which Distributable reserves: -€21,000
- Gross operating margin +€7,135
up €7,135 (+5.2%), from €137,523 to €144,658
- Taxes +€5,749
up €5,749 (+21.5%), from €26,706 to €32,454
- Staff costs +€1,682
up €1,682 (+4.9%), from €34,482 to €36,164
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 | €430,992 | €414,397 | -€16,594 | -3.9% |
| Fixed assets | 21/28 | €23,118 | €18,587 | -€4,531 | -19.6% |
| Tangible fixed assets | 22/27 | €22,958 | €18,427 | -€4,531 | -19.7% |
| Furniture and vehicles | 24 | €12,467 | €9,921 | -€2,546 | -20.4% |
| Other tangible fixed assets | 26 | €10,492 | €8,507 | -€1,985 | -18.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €407,873 | €395,810 | -€12,063 | -3.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,240 | €27,313 | +€26,072 | +2101.9% |
| Trade receivables | 40 | €243 | €26,306 | +€26,063 | +10725.4% |
| Other amounts receivable | 41 | €997 | €1,007 | +€10 | +1.0% |
| Current investments | 50/53 | €240,000 | €240,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,969 | €57,297 | -€35,672 | -38.4% |
| Deferred charges and accrued income | 490/1 | €13,664 | €11,200 | -€2,463 | -18.0% |
| Total equity and liabilities | 10/49 | €430,992 | €414,397 | -€16,594 | -3.9% |
| Equity | 10/15 | €308,431 | €287,724 | -€20,707 | -6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,000 | €281,000 | -€21,000 | -7.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €302,000 | €281,000 | -€21,000 | -7.0% |
| Profit (loss) carried forward | 14 | €231 | €524 | +€293 | +127.1% |
| Amounts payable | 17/49 | €122,561 | €126,674 | +€4,112 | +3.4% |
| Amounts payable within one year | 42/48 | €122,287 | €126,482 | +€4,194 | +3.4% |
| Financial debts | 43 | €8,464 | €8,462 | -€2 | 0.0% |
| Credit institutions | 430/8 | €8,464 | €8,462 | -€2 | 0.0% |
| Trade debts | 44 | €1,149 | €645 | -€504 | -43.9% |
| Suppliers | 440/4 | €1,149 | €645 | -€504 | -43.9% |
| Taxes, remuneration and social security | 45 | €16,400 | €18,100 | +€1,700 | +10.4% |
| Taxes | 450/3 | €8,703 | €10,100 | +€1,397 | +16.1% |
| Remuneration and social security | 454/9 | €7,697 | €8,000 | +€303 | +3.9% |
| Other amounts payable | 47/48 | €96,274 | €99,274 | +€3,000 | +3.1% |
| Accrued charges and deferred income | 492/3 | €274 | €192 | -€82 | -29.9% |
| Remuneration, social security and pensions | 62 | €34,482 | €36,164 | +€1,682 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,972 | €5,010 | +€38 | +0.8% |
| Other operating charges | 640/8 | €1,173 | €1,465 | +€292 | +24.9% |
| Gross operating margin | 9900 | €137,523 | €144,658 | +€7,135 | +5.2% |
| Operating profit (loss) | 9901 | €96,895 | €102,019 | +€5,123 | +5.3% |
| Financial income | 75/76B | €11,393 | €10,089 | -€1,303 | -11.4% |
| Recurring financial income | 75 | €11,393 | €10,089 | -€1,303 | -11.4% |
| Financial charges | 65/66B | €1,529 | €1,360 | -€169 | -11.0% |
| Recurring financial charges | 65 | €1,529 | €1,360 | -€169 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €106,759 | €110,748 | +€3,989 | +3.7% |
| Income taxes | 67/77 | €26,706 | €32,454 | +€5,749 | +21.5% |
| Profit (loss) for the period | 9904 | €80,053 | €78,293 | -€1,760 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,053 | €78,293 | -€1,760 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.