FLY UP: 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 UP
Largest movements
- Receivables after one year +€40,814
up €40,814 (+15.0%), from €272,186 to €313,000
- Receivables within one year +€24,200
up €24,200 (+139%), from €17,382 to €41,582
of which Trade receivables: +€23,050
- Intangible fixed assets -€5,833
down €5,833 (-45.3%), from €12,885 to €7,052
- Tangible fixed assets -€4,034
down €4,034 (-45.1%), from €8,951 to €4,917
of which Furniture and vehicles: -€4,566
- Tax, wage and social debts +€43,317
up €43,317 (+41.7%), from €103,759 to €147,076
of which Taxes: +€43,853
- Reserves +€24,800
up €24,800 (+47.3%), from €52,437 to €77,237
of which Distributable reserves: +€24,800
- Trade debts -€16,324
down €16,324 (-18.3%), from €89,319 to €72,995
- Short-term financial debts +€9,592
up €9,592 (+624%), from €1,538 to €11,131
- Accrued charges and deferred income -€6,748
down €6,748 (-74.4%), from €9,065 to €2,318
- Gross operating margin +€58,392
up €58,392 (+14.6%), from €399,775 to €458,167
- Staff costs +€45,113
up €45,113 (+13.1%), from €343,093 to €388,206
- Other operating charges +€13,878
up €13,878 (+137%), from €10,134 to €24,012
- Taxes +€9,030
up €9,030 (+77.2%), from €11,690 to €20,720
- Financial income +€6,619
up €6,619 (+59.9%), from €11,053 to €17,672
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,108 | €385,772 | +€54,664 | +16.5% |
| Fixed assets | 21/28 | €22,310 | €12,443 | -€9,867 | -44.2% |
| Intangible fixed assets | 21 | €12,885 | €7,052 | -€5,833 | -45.3% |
| Tangible fixed assets | 22/27 | €8,951 | €4,917 | -€4,034 | -45.1% |
| Plant, machinery and equipment | 23 | €507 | €348 | -€159 | -31.4% |
| Furniture and vehicles | 24 | €8,444 | €3,878 | -€4,566 | -54.1% |
| Other tangible fixed assets | 26 | - | €692 | +€692 | |
| Financial fixed assets | 28 | €474 | €474 | = | 0.0% |
| Current assets | 29/58 | €308,798 | €373,329 | +€64,531 | +20.9% |
| Amounts receivable after more than one year | 29 | €272,186 | €313,000 | +€40,814 | +15.0% |
| Other amounts receivable | 291 | €272,186 | €313,000 | +€40,814 | +15.0% |
| Stocks and contracts in progress | 3 | €13,659 | €14,750 | +€1,091 | +8.0% |
| Stocks | 30/36 | €13,659 | €14,750 | +€1,091 | +8.0% |
| Amounts receivable within one year | 40/41 | €17,382 | €41,582 | +€24,200 | +139% |
| Trade receivables | 40 | €17,382 | €40,433 | +€23,050 | +133% |
| Other amounts receivable | 41 | - | €1,149 | +€1,149 | |
| Cash at bank and in hand | 54/58 | €3,552 | €1,856 | -€1,696 | -47.7% |
| Deferred charges and accrued income | 490/1 | €2,018 | €2,141 | +€123 | +6.1% |
| Total equity and liabilities | 10/49 | €331,108 | €385,772 | +€54,664 | +16.5% |
| Equity | 10/15 | €127,425 | €152,253 | +€24,827 | +19.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €52,437 | €77,237 | +€24,800 | +47.3% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €69,800 | +€24,800 | +55.1% |
| Profit (loss) carried forward | 14 | €621 | €648 | +€27 | +4.4% |
| Amounts payable | 17/49 | €203,682 | €233,519 | +€29,837 | +14.6% |
| Amounts payable within one year | 42/48 | €194,617 | €231,202 | +€36,585 | +18.8% |
| Financial debts | 43 | €1,538 | €11,131 | +€9,592 | +624% |
| Credit institutions | 430/8 | €1,538 | €11,131 | +€9,592 | +624% |
| Trade debts | 44 | €89,319 | €72,995 | -€16,324 | -18.3% |
| Suppliers | 440/4 | €89,319 | €72,995 | -€16,324 | -18.3% |
| Taxes, remuneration and social security | 45 | €103,759 | €147,076 | +€43,317 | +41.7% |
| Taxes | 450/3 | €71,980 | €115,833 | +€43,853 | +60.9% |
| Remuneration and social security | 454/9 | €31,779 | €31,243 | -€536 | -1.7% |
| Accrued charges and deferred income | 492/3 | €9,065 | €2,318 | -€6,748 | -74.4% |
| Remuneration, social security and pensions | 62 | €343,093 | €388,206 | +€45,113 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €10,622 | +€578 | +5.8% |
| Other operating charges | 640/8 | €10,134 | €24,012 | +€13,878 | +137% |
| Gross operating margin | 9900 | €399,775 | €458,167 | +€58,392 | +14.6% |
| Operating profit (loss) | 9901 | €36,504 | €35,327 | -€1,177 | -3.2% |
| Financial income | 75/76B | €11,053 | €17,672 | +€6,619 | +59.9% |
| Recurring financial income | 75 | €11,053 | €17,672 | +€6,619 | +59.9% |
| Financial charges | 65/66B | €1,603 | €7,451 | +€5,849 | +365% |
| Recurring financial charges | 65 | €1,603 | €7,451 | +€5,849 | +365% |
| Profit (loss) for the period before taxes | 9903 | €45,954 | €45,548 | -€406 | -0.9% |
| Income taxes | 67/77 | €11,690 | €20,720 | +€9,030 | +77.2% |
| Profit (loss) for the period | 9904 | €34,264 | €24,827 | -€9,437 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,264 | €24,827 | -€9,437 | -27.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.