FLYWEL: 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.
FLYWEL
Largest movements
- Cash +€24,652
up €24,652 (+15.7%), from €156,992 to €181,644
mainly Net result for the year (+€57,356) and Tax, wage and social debts (+€9,347)
- Tangible fixed assets -€5,060
down €5,060 (-24.6%), from €20,583 to €15,522
of which Plant, machinery and equipment: -€6,828
- Reserves +€112,085
up €112,085 (+56042.7%), from €200 to €112,285
of which Distributable reserves: +€112,285
- Profit (loss) carried forward -€86,229
no longer reported in 2025 (was €86,229)
- Tax, wage and social debts +€9,347
up €9,347 (+24.2%), from €38,635 to €47,982
- Trade debts -€8,953
down €8,953 (-20.7%), from €43,194 to €34,241
- Other debts -€5,366
down €5,366 (-14.3%), from €37,588 to €32,223
- Taxes -€4,370
down €4,370 (-17.2%), from €25,350 to €20,980
- Gross operating margin -€2,649
down €2,649 (-3.0%), from €88,840 to €86,191
- Depreciation +€971
up €971 (+15.3%), from €6,328 to €7,299
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,846 | €228,731 | +€20,884 | +10.0% |
| Fixed assets | 21/28 | €20,583 | €15,522 | -€5,060 | -24.6% |
| Tangible fixed assets | 22/27 | €20,583 | €15,522 | -€5,060 | -24.6% |
| Plant, machinery and equipment | 23 | €20,317 | €13,489 | -€6,828 | -33.6% |
| Furniture and vehicles | 24 | €266 | €2,034 | +€1,768 | +665.3% |
| Current assets | 29/58 | €187,264 | €213,208 | +€25,945 | +13.9% |
| Amounts receivable within one year | 40/41 | €29,457 | €30,275 | +€818 | +2.8% |
| Trade receivables | 40 | €28,980 | €30,275 | +€1,296 | +4.5% |
| Other amounts receivable | 41 | €477 | - | -€477 | |
| Cash at bank and in hand | 54/58 | €156,992 | €181,644 | +€24,652 | +15.7% |
| Deferred charges and accrued income | 490/1 | €815 | €1,289 | +€474 | +58.2% |
| Total equity and liabilities | 10/49 | €207,846 | €228,731 | +€20,884 | +10.0% |
| Equity | 10/15 | €88,429 | €114,285 | +€25,856 | +29.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €112,285 | +€112,085 | +56042.7% |
| Non-distributable reserves | 130/1 | €200 | - | -€200 | |
| Reserves not available under the articles | 1311 | €200 | - | -€200 | |
| Distributable reserves | 133 | - | €112,285 | +€112,285 | |
| Profit (loss) carried forward | 14 | €86,229 | - | -€86,229 | |
| Amounts payable | 17/49 | €119,417 | €114,445 | -€4,972 | -4.2% |
| Amounts payable within one year | 42/48 | €119,417 | €114,445 | -€4,972 | -4.2% |
| Trade debts | 44 | €43,194 | €34,241 | -€8,953 | -20.7% |
| Suppliers | 440/4 | €43,194 | €34,241 | -€8,953 | -20.7% |
| Taxes, remuneration and social security | 45 | €38,635 | €47,982 | +€9,347 | +24.2% |
| Taxes | 450/3 | €38,635 | €47,982 | +€9,347 | +24.2% |
| Other amounts payable | 47/48 | €37,588 | €32,223 | -€5,366 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,328 | €7,299 | +€971 | +15.3% |
| Other operating charges | 640/8 | €760 | €639 | -€121 | -15.9% |
| Gross operating margin | 9900 | €88,840 | €86,191 | -€2,649 | -3.0% |
| Operating profit (loss) | 9901 | €81,751 | €78,252 | -€3,498 | -4.3% |
| Financial income | 75/76B | €2 | €174 | +€172 | +10695.0% |
| Recurring financial income | 75 | €2 | €174 | +€172 | +10695.0% |
| Financial charges | 65/66B | €64 | €90 | +€26 | +40.9% |
| Recurring financial charges | 65 | €64 | €90 | +€26 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €81,688 | €78,336 | -€3,352 | -4.1% |
| Income taxes | 67/77 | €25,350 | €20,980 | -€4,370 | -17.2% |
| Profit (loss) for the period | 9904 | €56,339 | €57,356 | +€1,017 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,339 | €57,356 | +€1,017 | +1.8% |
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 6 October 2026 via checked.be.