Flynn: 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.
Flynn
Largest movements
- Cash -€61,878
down €61,878 (-81.4%), from €75,977 to €14,099
mainly Receivables within one year (-€53,299) and Tax, wage and social debts (-€14,320)
- Receivables within one year +€53,299
up €53,299 (+134.6%), from €39,597 to €92,897
of which Other amounts receivable: +€52,473
- Tangible fixed assets -€3,500
down €3,500 (-1.6%), from €215,303 to €211,803
of which Land and buildings: -€3,252
- Tax, wage and social debts -€14,320
down €14,320 (-44.6%), from €32,131 to €17,810
- Debts after one year -€14,220
down €14,220 (-9.2%), from €154,463 to €140,242
- Reserves +€14,000
up €14,000 (+12.8%), from €109,000 to €123,000
- Other debts +€4,068
new in 2024: €4,068
- Gross operating margin -€20,986
down €20,986 (-39.6%), from €52,997 to €32,011
- Taxes -€6,068
down €6,068 (-50.8%), from €11,942 to €5,874
- Financial income +€1,098
up €1,098 (+132.3%), from €830 to €1,928
- Depreciation -€632
down €632 (-7.9%), from €8,038 to €7,406
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 | €332,077 | €321,848 | -€10,228 | -3.1% |
| Fixed assets | 21/28 | €215,303 | €211,803 | -€3,500 | -1.6% |
| Tangible fixed assets | 22/27 | €215,303 | €211,803 | -€3,500 | -1.6% |
| Land and buildings | 22 | €214,478 | €211,225 | -€3,252 | -1.5% |
| Furniture and vehicles | 24 | €825 | €578 | -€247 | -30.0% |
| Current assets | 29/58 | €116,774 | €110,045 | -€6,729 | -5.8% |
| Amounts receivable within one year | 40/41 | €39,597 | €92,897 | +€53,299 | +134.6% |
| Trade receivables | 40 | €11,570 | €12,397 | +€826 | +7.1% |
| Other amounts receivable | 41 | €28,027 | €80,500 | +€52,473 | +187.2% |
| Cash at bank and in hand | 54/58 | €75,977 | €14,099 | -€61,878 | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,200 | €3,050 | +€1,850 | +154.2% |
| Total equity and liabilities | 10/49 | €332,077 | €321,848 | -€10,228 | -3.1% |
| Equity | 10/15 | €123,471 | €139,467 | +€15,996 | +13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €109,000 | €123,000 | +€14,000 | +12.8% |
| Distributable reserves | 133 | €109,000 | €123,000 | +€14,000 | +12.8% |
| Profit (loss) carried forward | 14 | €2,071 | €4,067 | +€1,996 | +96.4% |
| Amounts payable | 17/49 | €208,606 | €182,382 | -€26,224 | -12.6% |
| Amounts payable after more than one year | 17 | €154,463 | €140,242 | -€14,220 | -9.2% |
| Financial debts | 170/4 | €154,463 | €140,242 | -€14,220 | -9.2% |
| Amounts payable within one year | 42/48 | €51,743 | €42,139 | -€9,604 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €18,938 | €19,220 | +€282 | +1.5% |
| Trade debts | 44 | €674 | €1,041 | +€367 | +54.4% |
| Suppliers | 440/4 | €674 | €1,041 | +€367 | +54.4% |
| Taxes, remuneration and social security | 45 | €32,131 | €17,810 | -€14,320 | -44.6% |
| Taxes | 450/3 | €32,131 | €17,810 | -€14,320 | -44.6% |
| Other amounts payable | 47/48 | - | €4,068 | +€4,068 | |
| Accrued charges and deferred income | 492/3 | €2,400 | - | -€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,038 | €7,406 | -€632 | -7.9% |
| Other operating charges | 640/8 | €1,027 | €1,039 | +€12 | +1.2% |
| Gross operating margin | 9900 | €52,997 | €32,011 | -€20,986 | -39.6% |
| Operating profit (loss) | 9901 | €43,932 | €23,566 | -€20,366 | -46.4% |
| Financial income | 75/76B | €830 | €1,928 | +€1,098 | +132.3% |
| Recurring financial income | 75 | €830 | €1,928 | +€1,098 | +132.3% |
| Financial charges | 65/66B | €3,882 | €3,625 | -€258 | -6.6% |
| Recurring financial charges | 65 | €3,882 | €3,625 | -€258 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €40,880 | €21,870 | -€19,010 | -46.5% |
| Income taxes | 67/77 | €11,942 | €5,874 | -€6,068 | -50.8% |
| Profit (loss) for the period | 9904 | €28,938 | €15,996 | -€12,942 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,938 | €15,996 | -€12,942 | -44.7% |
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 1 October 2026 via checked.be.