FLY Management: 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.
FLY Management
Largest movements
- Cash +€20,145
up €20,145 (+33.6%), from €59,957 to €80,102
mainly Net result for the year (+€122,656) and Other debts (+€13,043)
- Tangible fixed assets -€8,519
down €8,519 (-24.6%), from €34,652 to €26,133
of which Furniture and vehicles: -€7,976
- Receivables within one year +€5,316
up €5,316 (+20.3%), from €26,150 to €31,467
of which Trade receivables: +€3,044
- Deferred charges and accrued income -€4,649
down €4,649 (-54.9%), from €8,469 to €3,821
- Other debts +€13,043
up €13,043 (+11.9%), from €109,613 to €122,656
- Trade debts -€4,078
down €4,078 (-59.7%), from €6,827 to €2,749
- Tax, wage and social debts +€3,329
up €3,329 (+17.8%), from €18,679 to €22,008
- Gross operating margin +€16,246
up €16,246 (+10.6%), from €153,359 to €169,605
- Taxes +€4,160
up €4,160 (+12.5%), from €33,370 to €37,530
- Other operating charges -€2,452
down €2,452 (-75.0%), from €3,269 to €817
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 | €140,119 | €152,413 | +€12,294 | +8.8% |
| Fixed assets | 21/28 | €34,652 | €26,133 | -€8,519 | -24.6% |
| Tangible fixed assets | 22/27 | €34,652 | €26,133 | -€8,519 | -24.6% |
| Plant, machinery and equipment | 23 | €2,246 | €1,703 | -€543 | -24.2% |
| Furniture and vehicles | 24 | €32,406 | €24,430 | -€7,976 | -24.6% |
| Current assets | 29/58 | €105,467 | €126,280 | +€20,813 | +19.7% |
| Amounts receivable within one year | 40/41 | €26,150 | €31,467 | +€5,316 | +20.3% |
| Trade receivables | 40 | €26,150 | €29,195 | +€3,044 | +11.6% |
| Other amounts receivable | 41 | €0 | €2,272 | +€2,272 | |
| Current investments | 50/53 | €10,890 | €10,890 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,957 | €80,102 | +€20,145 | +33.6% |
| Deferred charges and accrued income | 490/1 | €8,469 | €3,821 | -€4,649 | -54.9% |
| Total equity and liabilities | 10/49 | €140,119 | €152,413 | +€12,294 | +8.8% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,119 | €147,413 | +€12,294 | +9.1% |
| Amounts payable within one year | 42/48 | €135,119 | €147,413 | +€12,294 | +9.1% |
| Trade debts | 44 | €6,827 | €2,749 | -€4,078 | -59.7% |
| Suppliers | 440/4 | €6,827 | €2,749 | -€4,078 | -59.7% |
| Taxes, remuneration and social security | 45 | €18,679 | €22,008 | +€3,329 | +17.8% |
| Taxes | 450/3 | €18,679 | €22,008 | +€3,329 | +17.8% |
| Other amounts payable | 47/48 | €109,613 | €122,656 | +€13,043 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,945 | €8,519 | +€575 | +7.2% |
| Other operating charges | 640/8 | €3,269 | €817 | -€2,452 | -75.0% |
| Gross operating margin | 9900 | €153,359 | €169,605 | +€16,246 | +10.6% |
| Operating profit (loss) | 9901 | €142,145 | €160,268 | +€18,124 | +12.8% |
| Financial income | 75/76B | €311 | €0 | -€311 | -100.0% |
| Recurring financial income | 75 | €311 | €0 | -€311 | -100.0% |
| Financial charges | 65/66B | €78 | €82 | +€4 | +5.0% |
| Recurring financial charges | 65 | €78 | €82 | +€4 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €142,377 | €160,186 | +€17,809 | +12.5% |
| Income taxes | 67/77 | €33,370 | €37,530 | +€4,160 | +12.5% |
| Profit (loss) for the period | 9904 | €109,007 | €122,656 | +€13,649 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,007 | €122,656 | +€13,649 | +12.5% |
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.