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Flybro's: 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.

What changed

Flybro's

BE 0738.447.340
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€132,122
2024 · €118,842+€13,280
Equity
€741,155
2024 · €609,033+€132,122
Cash
€62,652
2024 · €59,932+€2,719
Balance sheet total
€1.8m
2024 · €1.8m+€2,719

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Debts after one year -€142,950

      down €142,950 (-14.2%), from €1.0m to €860,767

    • Profit (loss) carried forward +€132,122

      up €132,122 (+22.4%), from €590,433 to €722,555

    • Other debts +€21,068

      up €21,068 (+15.7%), from €134,475 to €155,543

    Income statement
    • Gross operating margin +€24,017

      up €24,017 (+12.7%), from €189,076 to €213,093

    • Taxes +€11,093

      up €11,093 (+28.0%), from €39,614 to €50,707

    From the 2024 result to the 2025 result

    effect on the 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.

    Result 2024 €118,842
    Gross operating margin +€24,017
    Other operating charges +€82
    Financial income +€170
    Financial charges +€104
    Taxes -€11,093
    Result 2025 €132,122

    Cash bridge derived

    cash 2024 to 2025

    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.

    From operations +€148,033
    Investment €0
    Financing -€145,314
    Cash 2024 €59,932
    Net result for the year +€132,122
    Trade debts -€11,987
    Tax, wage and social debts +€6,830
    Other debts +€21,068
    Debts after one year -€142,950
    Short-term financial debts -€2,364
    Cash 2025 €62,652
    Every line side by side 31 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €1,779,932 €1,782,652 +€2,719 +0.2%
    Fixed assets 21/28 €1,720,000 €1,720,000 = 0.0%
    Financial fixed assets 28 €1,720,000 €1,720,000 = 0.0%
    Current assets 29/58 €59,932 €62,652 +€2,719 +4.5%
    Cash at bank and in hand 54/58 €59,932 €62,652 +€2,719 +4.5%
    Total equity and liabilities 10/49 €1,779,932 €1,782,652 +€2,719 +0.2%
    Equity 10/15 €609,033 €741,155 +€132,122 +21.7%
    Contributions 10/11 €18,600 €18,600 = 0.0%
    Profit (loss) carried forward 14 €590,433 €722,555 +€132,122 +22.4%
    Amounts payable 17/49 €1,170,900 €1,041,497 -€129,403 -11.1%
    Amounts payable after more than one year 17 €1,003,717 €860,767 -€142,950 -14.2%
    Financial debts 170/4 €1,003,717 €860,767 -€142,950 -14.2%
    Amounts payable within one year 42/48 €167,183 €180,730 +€13,547 +8.1%
    Financial debts 43 €11,829 €9,465 -€2,364 -20.0%
    Credit institutions 430/8 €11,829 €9,465 -€2,364 -20.0%
    Trade debts 44 €12,530 €543 -€11,987 -95.7%
    Suppliers 440/4 €12,530 €543 -€11,987 -95.7%
    Taxes, remuneration and social security 45 €8,349 €15,179 +€6,830 +81.8%
    Taxes 450/3 €8,349 €15,179 +€6,830 +81.8%
    Other amounts payable 47/48 €134,475 €155,543 +€21,068 +15.7%
    Other operating charges 640/8 €317 €235 -€82 -26.0%
    Gross operating margin 9900 €189,076 €213,093 +€24,017 +12.7%
    Operating profit (loss) 9901 €188,759 €212,858 +€24,099 +12.8%
    Financial income 75/76B €93 €263 +€170 +183.8%
    Recurring financial income 75 €93 €263 +€170 +183.8%
    Financial charges 65/66B €30,395 €30,292 -€104 -0.3%
    Recurring financial charges 65 €30,395 €30,292 -€104 -0.3%
    Profit (loss) for the period before taxes 9903 €158,457 €182,830 +€24,373 +15.4%
    Income taxes 67/77 €39,614 €50,707 +€11,093 +28.0%
    Profit (loss) for the period 9904 €118,842 €132,122 +€13,280 +11.2%
    Profit (loss) for the period to be appropriated 9905 €118,842 €132,122 +€13,280 +11.2%

    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 5 October 2026 via checked.be.