FLY, MANAGE & SEE: what changed
FLY, MANAGE & SEE
Largest movements
- Receivables within one year +€11,139
up €11,139 (+30.8%), from €36,184 to €47,323
of which Other amounts receivable: +€6,395
- Cash +€9,095
up €9,095 (+25.2%), from €36,081 to €45,176
mainly Net result for the year (+€42,521) and Tax, wage and social debts (+€11,841)
- Deferred charges and accrued income -€2,422
down €2,422 (-43.0%), from €5,638 to €3,216
- Tax, wage and social debts +€11,841
up €11,841 (+127%), from €9,302 to €21,143
- Reserves +€11,042
up €11,042 (+25.2%), from €43,839 to €54,881
of which Distributable reserves: +€11,042
- Current portion of long-term debt -€4,643
no longer reported in 2025 (was €4,643)
- Trade debts -€2,704
down €2,704 (-68.1%), from €3,969 to €1,265
- Accrued charges and deferred income +€1,079
new in 2025: €1,079
- Gross operating margin +€13,838
up €13,838 (+30.9%), from €44,818 to €58,656
- Taxes +€9,339
up €9,339 (+244%), from €3,820 to €13,159
- Financial charges +€2,478
up €2,478 (+1,082%), from €229 to €2,707
- Other operating charges -€1,227
down €1,227 (-66.5%), from €1,846 to €619
- Financial income +€742
up €742 (+121%), from €611 to €1,353
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 | €80,676 | €98,156 | +€17,480 | +21.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,773 | €2,441 | -€332 | -12.0% |
| Tangible fixed assets | 22/27 | €2,773 | €2,441 | -€332 | -12.0% |
| Plant, machinery and equipment | 23 | - | €589 | +€589 | |
| Furniture and vehicles | 24 | €2,773 | €1,852 | -€921 | -33.2% |
| Current assets | 29/58 | €77,903 | €95,715 | +€17,812 | +22.9% |
| Amounts receivable within one year | 40/41 | €36,184 | €47,323 | +€11,139 | +30.8% |
| Trade receivables | 40 | €12,775 | €17,519 | +€4,744 | +37.1% |
| Other amounts receivable | 41 | €23,409 | €29,804 | +€6,395 | +27.3% |
| Cash at bank and in hand | 54/58 | €36,081 | €45,176 | +€9,095 | +25.2% |
| Deferred charges and accrued income | 490/1 | €5,638 | €3,216 | -€2,422 | -43.0% |
| Total equity and liabilities | 10/49 | €80,676 | €98,156 | +€17,480 | +21.7% |
| Equity | 10/15 | €62,439 | €73,481 | +€11,042 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,839 | €54,881 | +€11,042 | +25.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €31,479 | €42,521 | +€11,042 | +35.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,237 | €24,675 | +€6,438 | +35.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,237 | €23,596 | +€5,359 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €4,643 | - | -€4,643 | |
| Trade debts | 44 | €3,969 | €1,265 | -€2,704 | -68.1% |
| Suppliers | 440/4 | €3,969 | €1,265 | -€2,704 | -68.1% |
| Taxes, remuneration and social security | 45 | €9,302 | €21,143 | +€11,841 | +127% |
| Taxes | 450/3 | €9,302 | €21,143 | +€11,841 | +127% |
| Other amounts payable | 47/48 | €323 | €1,188 | +€865 | +268% |
| Accrued charges and deferred income | 492/3 | - | €1,079 | +€1,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €1,003 | +€712 | +245% |
| Other operating charges | 640/8 | €1,846 | €619 | -€1,227 | -66.5% |
| Gross operating margin | 9900 | €44,818 | €58,656 | +€13,838 | +30.9% |
| Operating profit (loss) | 9901 | €42,681 | €57,034 | +€14,353 | +33.6% |
| Financial income | 75/76B | €611 | €1,353 | +€742 | +121% |
| Recurring financial income | 75 | €611 | €1,353 | +€742 | +121% |
| Financial charges | 65/66B | €229 | €2,707 | +€2,478 | +1,082% |
| Recurring financial charges | 65 | €229 | €2,707 | +€2,478 | +1,082% |
| Profit (loss) for the period before taxes | 9903 | €43,063 | €55,680 | +€12,617 | +29.3% |
| Income taxes | 67/77 | €3,820 | €13,159 | +€9,339 | +244% |
| Profit (loss) for the period | 9904 | €39,243 | €42,521 | +€3,278 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,243 | €42,521 | +€3,278 | +8.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.