FLYCO: 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.
FLYCO
Largest movements
- Current investments +€223,462
up €223,462 (+72.5%), from €308,032 to €531,494
- Cash -€203,937
down €203,937 (-66.0%), from €308,906 to €104,969
mainly Current investments (-€223,462) and Investment in fixed assets (net) (-€16,468)
- Financial fixed assets +€16,468
up €16,468 (+2.2%), from €742,076 to €758,543
- Profit (loss) carried forward +€47,527
up €47,527, from -€28,771 to €18,756
- Reserves -€28,771
down €28,771 (-4.4%), from €650,343 to €621,572
of which Distributable reserves: -€28,771
- Revaluation surpluses +€16,468
up €16,468 (+2.2%), from €742,076 to €758,543
- Gross operating margin +€26,405
up €26,405, from -€585 to €25,820
- Taxes +€11,298
up €11,298, from -€4,743 to €6,555
- Depreciation -€6,892
no longer reported in 2024 (was €6,892)
- Staff costs -€907
down €907 (-94.5%), from €960 to €53
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.
Cash bridge derived
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 | €1,371,960 | €1,405,655 | +€33,695 | +2.5% |
| Fixed assets | 21/28 | €744,577 | €761,045 | +€16,468 | +2.2% |
| Tangible fixed assets | 22/27 | €2,502 | €2,502 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,502 | €2,502 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €742,076 | €758,543 | +€16,468 | +2.2% |
| Current assets | 29/58 | €627,383 | €644,610 | +€17,228 | +2.7% |
| Amounts receivable within one year | 40/41 | €10,445 | €8,030 | -€2,415 | -23.1% |
| Trade receivables | 40 | €2,287 | €2,663 | +€376 | +16.5% |
| Other amounts receivable | 41 | €8,158 | €5,366 | -€2,791 | -34.2% |
| Current investments | 50/53 | €308,032 | €531,494 | +€223,462 | +72.5% |
| Cash at bank and in hand | 54/58 | €308,906 | €104,969 | -€203,937 | -66.0% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €1,371,960 | €1,405,655 | +€33,695 | +2.5% |
| Equity | 10/15 | €1,369,847 | €1,405,071 | +€35,224 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €742,076 | €758,543 | +€16,468 | +2.2% |
| Reserves | 13 | €650,343 | €621,572 | -€28,771 | -4.4% |
| 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 | €21,716 | €21,716 | = | 0.0% |
| Distributable reserves | 133 | €626,766 | €597,995 | -€28,771 | -4.6% |
| Profit (loss) carried forward | 14 | -€28,771 | €18,756 | +€47,527 | |
| Amounts payable | 17/49 | €2,113 | €584 | -€1,529 | -72.4% |
| Amounts payable within one year | 42/48 | €2,113 | €584 | -€1,529 | -72.4% |
| Trade debts | 44 | €1,567 | - | -€1,567 | |
| Suppliers | 440/4 | €1,567 | - | -€1,567 | |
| Taxes, remuneration and social security | 45 | €546 | €584 | +€38 | +7.0% |
| Taxes | 450/3 | €546 | €584 | +€38 | +7.0% |
| Non-recurring operating income | 76A | - | €17,474 | +€17,474 | |
| Remuneration, social security and pensions | 62 | €960 | €53 | -€907 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,892 | - | -€6,892 | |
| Other operating charges | 640/8 | €256 | €207 | -€48 | -18.8% |
| Gross operating margin | 9900 | -€585 | €25,820 | +€26,405 | |
| Operating profit (loss) | 9901 | -€8,693 | €25,560 | +€34,253 | |
| Financial income | 75/76B | - | €118 | +€118 | |
| Recurring financial income | 75 | - | €118 | +€118 | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €319 | €367 | +€47 | +14.8% |
| Recurring financial charges | 65 | €319 | €367 | +€47 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,012 | €25,311 | +€34,323 | |
| Income taxes | 67/77 | -€4,743 | €6,555 | +€11,298 | |
| Profit (loss) for the period | 9904 | -€4,269 | €18,756 | +€23,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,269 | €18,756 | +€23,026 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.