FLY W: 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 W
Largest movements
- Cash +€5,176
up €5,176 (+1551.3%), from €334 to €5,510
mainly Receivables within one year (+€3,609) and Tax, wage and social debts (+€2,107)
- Receivables within one year -€3,609
down €3,609 (-34.1%), from €10,591 to €6,982
of which Trade receivables: -€9,700
- Stocks and contracts +€1,541
up €1,541 (+14.0%), from €10,985 to €12,526
- Tax, wage and social debts +€2,107
new in 2025: €2,107
- Trade debts +€973
up €973 (+148.3%), from €656 to €1,628
- Profit (loss) carried forward -€515
down €515 (-4.0%), from €12,771 to €12,256
- Other debts +€406
up €406 (+13.2%), from €3,070 to €3,477
- Taxes +€2,513
new in 2025: €2,513
- Gross operating margin -€1,102
down €1,102 (-27.1%), from €4,064 to €2,962
- Other operating charges +€400
new in 2025: €400
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 | €22,757 | €25,728 | +€2,971 | +13.1% |
| Fixed assets | 21/28 | €847 | €710 | -€137 | -16.2% |
| Tangible fixed assets | 22/27 | €847 | €710 | -€137 | -16.2% |
| Plant, machinery and equipment | 23 | €847 | €710 | -€137 | -16.2% |
| Current assets | 29/58 | €21,910 | €25,018 | +€3,108 | +14.2% |
| Stocks and contracts in progress | 3 | €10,985 | €12,526 | +€1,541 | +14.0% |
| Stocks | 30/36 | €10,985 | €12,526 | +€1,541 | +14.0% |
| Amounts receivable within one year | 40/41 | €10,591 | €6,982 | -€3,609 | -34.1% |
| Trade receivables | 40 | €9,700 | - | -€9,700 | |
| Other amounts receivable | 41 | €892 | €6,982 | +€6,090 | +683.0% |
| Cash at bank and in hand | 54/58 | €334 | €5,510 | +€5,176 | +1551.3% |
| Total equity and liabilities | 10/49 | €22,757 | €25,728 | +€2,971 | +13.1% |
| Equity | 10/15 | €19,031 | €18,516 | -€515 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €59 | €59 | = | 0.0% |
| Non-distributable reserves | 130/1 | €59 | €59 | = | 0.0% |
| Other | 1319 | €59 | €59 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,771 | €12,256 | -€515 | -4.0% |
| Amounts payable | 17/49 | €3,726 | €7,212 | +€3,486 | +93.6% |
| Amounts payable within one year | 42/48 | €3,726 | €7,212 | +€3,486 | +93.6% |
| Trade debts | 44 | €656 | €1,628 | +€973 | +148.3% |
| Suppliers | 440/4 | €656 | €1,628 | +€973 | +148.3% |
| Taxes, remuneration and social security | 45 | - | €2,107 | +€2,107 | |
| Taxes | 450/3 | - | €2,107 | +€2,107 | |
| Other amounts payable | 47/48 | €3,070 | €3,477 | +€406 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137 | €137 | = | 0.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €4,064 | €2,962 | -€1,102 | -27.1% |
| Operating profit (loss) | 9901 | €3,927 | €2,425 | -€1,501 | -38.2% |
| Financial charges | 65/66B | €460 | €428 | -€32 | -7.0% |
| Recurring financial charges | 65 | €460 | €428 | -€32 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €3,467 | €1,998 | -€1,469 | -42.4% |
| Income taxes | 67/77 | - | €2,513 | +€2,513 | |
| Profit (loss) for the period | 9904 | €3,467 | -€515 | -€3,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,467 | -€515 | -€3,982 |
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.