FLYWELL: 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.
FLYWELL
Largest movements
- Cash -€27,921
down €27,921 (-82.6%), from €33,789 to €5,868
mainly Contributions, distributions and other (-€24,150) and Investment in fixed assets (net) (-€19,000)
- Receivables after one year -€17,209
down €17,209 (-100%), from €17,209 to €0
- Receivables within one year +€16,967
up €16,967 (+35.1%), from €48,396 to €65,362
of which Other amounts receivable: +€15,721
- Tangible fixed assets +€7,003
up €7,003 (+23.4%), from €29,938 to €36,941
of which Furniture and vehicles: +€10,671
- Profit (loss) carried forward -€16,875
down €16,875 (-22.0%), from €76,561 to €59,685
- Trade debts -€7,320
down €7,320 (-72.9%), from €10,041 to €2,721
- Debts after one year +€6,817
up €6,817 (+143%), from €4,771 to €11,588
- Other debts -€2,839
down €2,839 (-100%), from €2,839 to €0
- Tax, wage and social debts -€2,001
down €2,001 (-9.7%), from €20,629 to €18,628
of which Taxes: -€2,034
- Gross operating margin -€9,279
down €9,279 (-26.2%), from €35,461 to €26,181
- Taxes -€1,068
down €1,068 (-16.4%), from €6,497 to €5,429
- Depreciation -€629
down €629 (-4.9%), from €12,816 to €12,188
- Other operating charges +€439
up €439 (+39.1%), from €1,124 to €1,563
- Financial charges +€394
up €394 (+96.1%), from €410 to €804
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.
Derived cash bridge
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 | €131,158 | €110,346 | -€20,811 | -15.9% |
| Formation expenses | 20 | €320 | €130 | -€190 | -59.4% |
| Fixed assets | 21/28 | €29,938 | €36,941 | +€7,003 | +23.4% |
| Tangible fixed assets | 22/27 | €29,938 | €36,941 | +€7,003 | +23.4% |
| Land and buildings | 22 | €21,084 | €18,552 | -€2,532 | -12.0% |
| Plant, machinery and equipment | 23 | €2,352 | €1,216 | -€1,136 | -48.3% |
| Furniture and vehicles | 24 | €6,502 | €17,173 | +€10,671 | +164% |
| Current assets | 29/58 | €100,899 | €73,275 | -€27,624 | -27.4% |
| Amounts receivable after more than one year | 29 | €17,209 | €0 | -€17,209 | -100% |
| Other amounts receivable | 291 | €17,209 | €0 | -€17,209 | -100% |
| Amounts receivable within one year | 40/41 | €48,396 | €65,362 | +€16,967 | +35.1% |
| Trade receivables | 40 | €48,306 | €49,552 | +€1,245 | +2.6% |
| Other amounts receivable | 41 | €89 | €15,811 | +€15,721 | +17,589% |
| Cash at bank and in hand | 54/58 | €33,789 | €5,868 | -€27,921 | -82.6% |
| Deferred charges and accrued income | 490/1 | €1,506 | €2,045 | +€539 | +35.8% |
| Total equity and liabilities | 10/49 | €131,158 | €110,346 | -€20,811 | -15.9% |
| Equity | 10/15 | €86,561 | €69,685 | -€16,875 | -19.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,561 | €59,685 | -€16,875 | -22.0% |
| Amounts payable | 17/49 | €44,597 | €40,661 | -€3,936 | -8.8% |
| Amounts payable after more than one year | 17 | €4,771 | €11,588 | +€6,817 | +143% |
| Financial debts | 170/4 | €4,771 | €11,588 | +€6,817 | +143% |
| Amounts payable within one year | 42/48 | €39,803 | €29,050 | -€10,753 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €6,294 | €7,701 | +€1,407 | +22.3% |
| Trade debts | 44 | €10,041 | €2,721 | -€7,320 | -72.9% |
| Suppliers | 440/4 | €10,041 | €2,721 | -€7,320 | -72.9% |
| Taxes, remuneration and social security | 45 | €20,629 | €18,628 | -€2,001 | -9.7% |
| Taxes | 450/3 | €17,643 | €15,609 | -€2,034 | -11.5% |
| Remuneration and social security | 454/9 | €2,985 | €3,019 | +€34 | +1.1% |
| Other amounts payable | 47/48 | €2,839 | €0 | -€2,839 | -100% |
| Accrued charges and deferred income | 492/3 | €23 | €23 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,816 | €12,188 | -€629 | -4.9% |
| Other operating charges | 640/8 | €1,124 | €1,563 | +€439 | +39.1% |
| Gross operating margin | 9900 | €35,461 | €26,181 | -€9,279 | -26.2% |
| Operating profit (loss) | 9901 | €21,521 | €12,431 | -€9,089 | -42.2% |
| Financial income | 75/76B | €950 | €1,076 | +€126 | +13.3% |
| Recurring financial income | 75 | €950 | €1,076 | +€126 | +13.3% |
| Financial charges | 65/66B | €410 | €804 | +€394 | +96.1% |
| Recurring financial charges | 65 | €410 | €804 | +€394 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €22,060 | €12,703 | -€9,357 | -42.4% |
| Income taxes | 67/77 | €6,497 | €5,429 | -€1,068 | -16.4% |
| Profit (loss) for the period | 9904 | €15,564 | €7,275 | -€8,289 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,564 | €7,275 | -€8,289 | -53.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.