FLV PROJECT: 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 PROJECT
Largest movements
- Receivables within one year -€14,622
down €14,622 (-85.9%), from €17,025 to €2,403
of which Trade receivables: -€14,343
- Stocks and contracts +€8,355
up €8,355 (+478.8%), from €1,745 to €10,100
- Tangible fixed assets -€5,426
down €5,426 (-41.1%), from €13,189 to €7,763
of which Furniture and vehicles: -€5,620
- Financial fixed assets -€2,700
down €2,700 (-100.0%), from €2,700 to €0
- Cash +€2,298
up €2,298 (+31703.2%), from €7 to €2,306
mainly Receivables within one year (+€14,622) and Depreciation (+€6,415)
- Other debts -€5,647
down €5,647 (-53.3%), from €10,594 to €4,947
- Tax, wage and social debts -€5,240
down €5,240 (-47.3%), from €11,091 to €5,850
of which Remuneration and social security: -€6,140
- Trade debts -€2,039
down €2,039 (-42.5%), from €4,792 to €2,753
- Profit (loss) carried forward +€904
up €904, from -€852 to €52
- Gross operating margin +€5,319
up €5,319 (+93.5%), from €5,687 to €11,006
- Financial income -€1,868
down €1,868 (-99.0%), from €1,888 to €20
- Other operating charges +€721
up €721 (+86.3%), from €836 to €1,558
- Taxes +€412
up €412 (+35.1%), from €1,173 to €1,585
- Depreciation +€139
up €139 (+2.2%), from €6,277 to €6,415
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 | €34,666 | €22,644 | -€12,022 | -34.7% |
| Fixed assets | 21/28 | €15,889 | €7,763 | -€8,126 | -51.1% |
| Tangible fixed assets | 22/27 | €13,189 | €7,763 | -€5,426 | -41.1% |
| Plant, machinery and equipment | 23 | €5,218 | €5,412 | +€194 | +3.7% |
| Furniture and vehicles | 24 | €7,972 | €2,352 | -€5,620 | -70.5% |
| Financial fixed assets | 28 | €2,700 | €0 | -€2,700 | -100.0% |
| Current assets | 29/58 | €18,777 | €14,881 | -€3,896 | -20.7% |
| Stocks and contracts in progress | 3 | €1,745 | €10,100 | +€8,355 | +478.8% |
| Stocks | 30/36 | €1,745 | €10,100 | +€8,355 | +478.8% |
| Amounts receivable within one year | 40/41 | €17,025 | €2,403 | -€14,622 | -85.9% |
| Trade receivables | 40 | €16,746 | €2,403 | -€14,343 | -85.7% |
| Other amounts receivable | 41 | €278 | €0 | -€278 | -100.0% |
| Cash at bank and in hand | 54/58 | €7 | €2,306 | +€2,298 | +31703.2% |
| Deferred charges and accrued income | 490/1 | €0 | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €34,666 | €22,644 | -€12,022 | -34.7% |
| Equity | 10/15 | €8,190 | €9,093 | +€904 | +11.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,041 | €6,041 | = | 0.0% |
| Distributable reserves | 133 | €6,041 | €6,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€852 | €52 | +€904 | |
| Amounts payable | 17/49 | €26,477 | €13,551 | -€12,926 | -48.8% |
| Amounts payable within one year | 42/48 | €26,477 | €13,551 | -€12,926 | -48.8% |
| Trade debts | 44 | €4,792 | €2,753 | -€2,039 | -42.5% |
| Suppliers | 440/4 | €4,792 | €2,753 | -€2,039 | -42.5% |
| Taxes, remuneration and social security | 45 | €11,091 | €5,850 | -€5,240 | -47.3% |
| Taxes | 450/3 | €4,951 | €5,850 | +€900 | +18.2% |
| Remuneration and social security | 454/9 | €6,140 | €0 | -€6,140 | -100.0% |
| Other amounts payable | 47/48 | €10,594 | €4,947 | -€5,647 | -53.3% |
| Non-recurring operating income | 76A | €496 | €6,671 | +€6,175 | +1243.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,277 | €6,415 | +€139 | +2.2% |
| Other operating charges | 640/8 | €836 | €1,558 | +€721 | +86.3% |
| Non-recurring operating charges | 66A | - | €376 | +€376 | |
| Gross operating margin | 9900 | €5,687 | €11,006 | +€5,319 | +93.5% |
| Operating profit (loss) | 9901 | -€1,426 | €2,657 | +€4,083 | |
| Financial income | 75/76B | €1,888 | €20 | -€1,868 | -99.0% |
| Recurring financial income | 75 | €1,888 | €20 | -€1,868 | -99.0% |
| Financial charges | 65/66B | €140 | €188 | +€47 | +33.8% |
| Recurring financial charges | 65 | €140 | €188 | +€47 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €322 | €2,489 | +€2,167 | +673.7% |
| Income taxes | 67/77 | €1,173 | €1,585 | +€412 | +35.1% |
| Profit (loss) for the period | 9904 | -€852 | €904 | +€1,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€852 | €904 | +€1,756 |
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 7 October 2026 via checked.be.