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FLYDEK: 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

FLYDEK

BE 0755.384.332
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€491,542
2024 · €428,912+€62,630
Equity
€795,893
2024 · €733,263+€62,630
Cash
€554,050
2024 · €244,724+€309,326
Balance sheet total
€1.2m
2024 · €787,849+€424,874

Largest movements

2024 to 2025
Assets
  • Cash +€309,326

    up €309,326 (+126.4%), from €244,724 to €554,050

    mainly Net result for the year (+€491,542) and Other debts (+€300,048)

  • Current investments +€61,945

    up €61,945 (+33.2%), from €186,321 to €248,266

  • Deferred charges and accrued income +€59,081

    up €59,081 (+30.4%), from €194,118 to €253,200

  • Receivables within one year -€54,645

    down €54,645 (-67.6%), from €80,849 to €26,204

    of which Other amounts receivable: -€54,645

  • Tangible fixed assets +€49,166

    up €49,166 (+60.1%), from €81,836 to €131,003

    of which Furniture and vehicles: +€58,381

Equity and liabilities
  • Other debts +€300,048

    new in 2025: €300,048

  • Reserves +€62,630

    up €62,630 (+8.6%), from €728,263 to €790,893

  • Debts after one year +€47,570

    up €47,570, from €0 to €47,570

  • Tax, wage and social debts +€43,491

    up €43,491, from €0 to €43,491

  • Trade debts -€39,161

    down €39,161 (-90.8%), from €43,150 to €3,989

Income statement
  • Gross operating margin +€107,392

    up €107,392 (+18.0%), from €597,570 to €704,962

  • Taxes +€22,958

    up €22,958 (+16.4%), from €139,717 to €162,675

  • Depreciation +€13,596

    up €13,596 (+46.6%), from €29,158 to €42,753

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 €428,912
Gross operating margin +€107,392
Depreciation -€13,596
Other operating charges +€1,625
Other operating items -€7,591
Financial income +€206
Financial charges -€2,449
Taxes -€22,958
Result 2025 €491,542

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 +€834,237
Investment -€153,865
Financing -€371,046
Cash 2024 €244,724
Net result for the year +€491,542
Depreciation +€42,753
Receivables within one year +€54,645
Deferred charges and accrued income -€59,081
Trade debts -€39,161
Tax, wage and social debts +€43,491
Other debts +€300,048
Investment in fixed assets (net) -€91,919
Current investments -€61,945
Debts after one year +€47,570
Current portion of long-term debt +€10,296
Contributions, distributions and other -€428,912
Cash 2025 €554,050
Every line side by side 44 lines
Line Code 2024 2025 Change %
Total assets 20/58 €787,849 €1,212,723 +€424,874 +53.9%
Fixed assets 21/28 €81,836 €131,003 +€49,166 +60.1%
Tangible fixed assets 22/27 €81,836 €131,003 +€49,166 +60.1%
Land and buildings 22 €7,592 €6,780 -€812 -10.7%
Plant, machinery and equipment 23 €37,864 €29,462 -€8,402 -22.2%
Furniture and vehicles 24 €36,381 €94,761 +€58,381 +160.5%
Current assets 29/58 €706,012 €1,081,720 +€375,708 +53.2%
Amounts receivable after more than one year 29 €0 - =
Other amounts receivable 291 €0 - =
Amounts receivable within one year 40/41 €80,849 €26,204 -€54,645 -67.6%
Trade receivables 40 €0 - =
Other amounts receivable 41 €80,849 €26,204 -€54,645 -67.6%
Current investments 50/53 €186,321 €248,266 +€61,945 +33.2%
Cash at bank and in hand 54/58 €244,724 €554,050 +€309,326 +126.4%
Deferred charges and accrued income 490/1 €194,118 €253,200 +€59,081 +30.4%
Total equity and liabilities 10/49 €787,849 €1,212,723 +€424,874 +53.9%
Equity 10/15 €733,263 €795,893 +€62,630 +8.5%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €728,263 €790,893 +€62,630 +8.6%
Distributable reserves 133 €728,263 €790,893 +€62,630 +8.6%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €54,586 €416,829 +€362,244 +663.6%
Amounts payable after more than one year 17 €0 €47,570 +€47,570
Financial debts 170/4 €0 €47,570 +€47,570
Amounts payable within one year 42/48 €54,586 €369,260 +€314,674 +576.5%
Current portion of amounts payable after more than one year 42 €11,436 €21,732 +€10,296 +90.0%
Trade debts 44 €43,150 €3,989 -€39,161 -90.8%
Suppliers 440/4 €43,150 €3,989 -€39,161 -90.8%
Taxes, remuneration and social security 45 €0 €43,491 +€43,491
Taxes 450/3 €0 €43,491 +€43,491
Other amounts payable 47/48 - €300,048 +€300,048
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €29,158 €42,753 +€13,596 +46.6%
Other operating charges 640/8 €3,749 €2,124 -€1,625 -43.3%
Non-recurring operating charges 66A - €7,591 +€7,591
Gross operating margin 9900 €597,570 €704,962 +€107,392 +18.0%
Operating profit (loss) 9901 €564,663 €652,493 +€87,831 +15.6%
Financial income 75/76B €4,270 €4,476 +€206 +4.8%
Recurring financial income 75 €4,270 €4,476 +€206 +4.8%
Financial charges 65/66B €303 €2,752 +€2,449 +807.6%
Recurring financial charges 65 €303 €2,752 +€2,449 +807.6%
Profit (loss) for the period before taxes 9903 €568,629 €654,217 +€85,588 +15.1%
Income taxes 67/77 €139,717 €162,675 +€22,958 +16.4%
Profit (loss) for the period 9904 €428,912 €491,542 +€62,630 +14.6%
Profit (loss) for the period to be appropriated 9905 €428,912 €491,542 +€62,630 +14.6%

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 29 September 2026 via checked.be.