FLYING CIRCUS: 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.
FLYING CIRCUS
Largest movements
- Cash +€12,283
up €12,283 (+12.9%), from €95,217 to €107,500
mainly Net result for the year (+€41,414) and Depreciation (+€7,629)
- Tangible fixed assets -€2,855
down €2,855 (-2.5%), from €112,076 to €109,221
of which Land and buildings: -€5,616
- Reserves +€22,169
up €22,169 (+11.6%), from €191,616 to €213,785
- Debts after one year -€11,990
down €11,990 (-32.0%), from €37,426 to €25,436
- Gross operating margin +€7,295
up €7,295 (+12.1%), from €60,520 to €67,814
- Taxes +€2,127
up €2,127 (+15.2%), from €14,016 to €16,143
- Depreciation +€720
up €720 (+10.4%), from €6,909 to €7,629
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.
Derived cash bridge
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 | €267,652 | €276,943 | +€9,291 | +3.5% |
| Fixed assets | 21/28 | €112,076 | €109,221 | -€2,855 | -2.5% |
| Tangible fixed assets | 22/27 | €112,076 | €109,221 | -€2,855 | -2.5% |
| Land and buildings | 22 | €108,108 | €102,492 | -€5,616 | -5.2% |
| Plant, machinery and equipment | 23 | €1,867 | €5,921 | +€4,054 | +217% |
| Furniture and vehicles | 24 | €2,101 | €808 | -€1,293 | -61.6% |
| Current assets | 29/58 | €155,575 | €167,721 | +€12,146 | +7.8% |
| Amounts receivable within one year | 40/41 | €1,150 | €594 | -€557 | -48.4% |
| Other amounts receivable | 41 | €1,150 | €594 | -€557 | -48.4% |
| Current investments | 50/53 | €56,951 | €57,722 | +€772 | +1.4% |
| Cash at bank and in hand | 54/58 | €95,217 | €107,500 | +€12,283 | +12.9% |
| Deferred charges and accrued income | 490/1 | €2,258 | €1,905 | -€353 | -15.6% |
| Total equity and liabilities | 10/49 | €267,652 | €276,943 | +€9,291 | +3.5% |
| Equity | 10/15 | €204,016 | €226,185 | +€22,169 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €191,616 | €213,785 | +€22,169 | +11.6% |
| Distributable reserves | 133 | €191,616 | €213,785 | +€22,169 | +11.6% |
| Amounts payable | 17/49 | €63,636 | €50,758 | -€12,878 | -20.2% |
| Amounts payable after more than one year | 17 | €37,426 | €25,436 | -€11,990 | -32.0% |
| Financial debts | 170/4 | €37,426 | €25,436 | -€11,990 | -32.0% |
| Amounts payable within one year | 42/48 | €22,804 | €22,437 | -€368 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €11,530 | €11,990 | +€460 | +4.0% |
| Trade debts | 44 | €834 | €629 | -€206 | -24.7% |
| Suppliers | 440/4 | €834 | €629 | -€206 | -24.7% |
| Taxes, remuneration and social security | 45 | €10,440 | €8,933 | -€1,507 | -14.4% |
| Taxes | 450/3 | €10,440 | €8,933 | -€1,507 | -14.4% |
| Other amounts payable | 47/48 | - | €885 | +€885 | |
| Accrued charges and deferred income | 492/3 | €3,406 | €2,885 | -€520 | -15.3% |
| Non-recurring operating income | 76A | - | €213 | +€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,909 | €7,629 | +€720 | +10.4% |
| Other operating charges | 640/8 | €1,464 | €1,510 | +€46 | +3.1% |
| Non-recurring operating charges | 66A | - | €28 | +€28 | |
| Gross operating margin | 9900 | €60,520 | €67,814 | +€7,295 | +12.1% |
| Operating profit (loss) | 9901 | €52,146 | €58,647 | +€6,501 | +12.5% |
| Financial income | 75/76B | €315 | €856 | +€541 | +172% |
| Recurring financial income | 75 | €315 | €856 | +€541 | +172% |
| Financial charges | 65/66B | €2,407 | €1,946 | -€462 | -19.2% |
| Recurring financial charges | 65 | €2,407 | €1,946 | -€462 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €50,054 | €57,557 | +€7,503 | +15.0% |
| Income taxes | 67/77 | €14,016 | €16,143 | +€2,127 | +15.2% |
| Profit (loss) for the period | 9904 | €36,038 | €41,414 | +€5,376 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,038 | €41,414 | +€5,376 | +14.9% |
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 15 October 2026 via checked.be.