Flyteam: 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
Flyteam
NACE 85.510, Sports and recreation education
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,259
2024 · €10,364+€13,895
Equity
€374,039
2024 · €349,780+€24,259
Cash
€12,418
2024 · €11,426+€992
Balance sheet total
€729,111
2024 · €726,747+€2,364
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€28,276
down €28,276 (-24.4%), from €116,058 to €87,782
- Profit (loss) carried forward +€24,259
up €24,259 (+7.3%), from €331,862 to €356,121
Income statement
- Gross operating margin +€11,900
up €11,900 (+16.4%), from €72,429 to €84,329
- Taxes -€4,060
down €4,060 (-33.6%), from €12,098 to €8,038
- Staff costs +€2,426
up €2,426 (+5.1%), from €47,202 to €49,628
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.
Result 2024
€10,364
Gross operating margin
+€11,900
Staff costs
-€2,426
Depreciation
+€408
Other operating charges
+€5
Financial income
+€1
Financial charges
-€53
Taxes
+€4,060
Result 2025
€24,259
Cash bridge derived
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
+€2,395
Investment
-€1,403
Financing
€0
Cash 2024
€11,426
From operations (derived)
+€2,395
Net result for the year
+€24,259
Depreciation
+€1,241
Receivables within one year
-€1,210
Trade debts
+€1,279
Tax, wage and social debts
+€6,297
Advances received
-€104
Other debts
-€28,276
Accrued charges and deferred income
-€1,091
Investment (derived)
-€1,403
Investment in fixed assets (net)
-€1,403
Cash 2025
€12,418
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,747 | €729,111 | +€2,364 | +0.3% |
| Fixed assets | 21/28 | €715,321 | €715,483 | +€162 | 0.0% |
| Tangible fixed assets | 22/27 | €2,706 | €2,868 | +€162 | +6.0% |
| Furniture and vehicles | 24 | €2,706 | €2,868 | +€162 | +6.0% |
| Financial fixed assets | 28 | €712,615 | €712,615 | = | 0.0% |
| Current assets | 29/58 | €11,426 | €13,628 | +€2,202 | +19.3% |
| Amounts receivable within one year | 40/41 | - | €1,210 | +€1,210 | |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Cash at bank and in hand | 54/58 | €11,426 | €12,418 | +€992 | +8.7% |
| Total equity and liabilities | 10/49 | €726,747 | €729,111 | +€2,364 | +0.3% |
| Equity | 10/15 | €349,780 | €374,039 | +€24,259 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,718 | €11,718 | = | 0.0% |
| 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 | €9,858 | €9,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,862 | €356,121 | +€24,259 | +7.3% |
| Amounts payable | 17/49 | €376,967 | €355,072 | -€21,895 | -5.8% |
| Amounts payable after more than one year | 17 | €171,013 | €171,013 | = | 0.0% |
| Financial debts | 170/4 | €171,013 | €171,013 | = | 0.0% |
| Amounts payable within one year | 42/48 | €204,862 | €184,058 | -€20,804 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €38,141 | €38,141 | = | 0.0% |
| Trade debts | 44 | €11,665 | €12,944 | +€1,279 | +11.0% |
| Suppliers | 440/4 | €11,665 | €12,944 | +€1,279 | +11.0% |
| Advances received on contracts in progress | 46 | €3,131 | €3,027 | -€104 | -3.3% |
| Taxes, remuneration and social security | 45 | €35,867 | €42,164 | +€6,297 | +17.6% |
| Taxes | 450/3 | €33,538 | €39,764 | +€6,226 | +18.6% |
| Remuneration and social security | 454/9 | €2,329 | €2,400 | +€71 | +3.0% |
| Other amounts payable | 47/48 | €116,058 | €87,782 | -€28,276 | -24.4% |
| Accrued charges and deferred income | 492/3 | €1,092 | €1 | -€1,091 | -99.9% |
| Remuneration, social security and pensions | 62 | €47,202 | €49,628 | +€2,426 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,649 | €1,241 | -€408 | -24.7% |
| Other operating charges | 640/8 | €950 | €945 | -€5 | -0.5% |
| Gross operating margin | 9900 | €72,429 | €84,329 | +€11,900 | +16.4% |
| Operating profit (loss) | 9901 | €22,628 | €32,515 | +€9,887 | +43.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €166 | €219 | +€53 | +31.9% |
| Recurring financial charges | 65 | €166 | €219 | +€53 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €22,462 | €32,297 | +€9,835 | +43.8% |
| Income taxes | 67/77 | €12,098 | €8,038 | -€4,060 | -33.6% |
| Profit (loss) for the period | 9904 | €10,364 | €24,259 | +€13,895 | +134.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,364 | €24,259 | +€13,895 | +134.1% |
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 1 October 2026 via checked.be.