IFLAG BELGIUM: 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.
IFLAG BELGIUM
Largest movements
- Cash +€16,800
up €16,800 (+30.6%), from €54,854 to €71,654
mainly Net result for the year (+€42,830) and Receivables within one year (+€15,669)
- Receivables within one year -€15,669
down €15,669 (-55.2%), from €28,374 to €12,705
- Tangible fixed assets -€5,661
down €5,661 (-24.9%), from €22,769 to €17,108
of which Leasing and similar rights: -€6,635
- Deferred charges and accrued income -€1,190
down €1,190 (-81.3%), from €1,464 to €274
- Reserves -€11,877
down €11,877 (-97.1%), from €12,227 to €350
of which Distributable reserves: -€11,877
- Tax, wage and social debts +€5,830
up €5,830 (+59.1%), from €9,861 to €15,691
- Debts after one year -€4,799
down €4,799 (-45.6%), from €10,525 to €5,726
- Other debts +€4,704
up €4,704 (+9.4%), from €50,004 to €54,708
- Gross operating margin +€13,461
up €13,461 (+25.4%), from €52,990 to €66,451
- Taxes +€2,760
up €2,760 (+25.1%), from €10,981 to €13,741
- Depreciation +€782
up €782 (+11.1%), from €7,052 to €7,834
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 | €107,461 | €101,741 | -€5,720 | -5.3% |
| Fixed assets | 21/28 | €22,769 | €17,108 | -€5,661 | -24.9% |
| Tangible fixed assets | 22/27 | €22,769 | €17,108 | -€5,661 | -24.9% |
| Furniture and vehicles | 24 | €1,317 | €2,291 | +€974 | +74.0% |
| Leasing and similar rights | 25 | €21,452 | €14,817 | -€6,635 | -30.9% |
| Current assets | 29/58 | €84,692 | €84,633 | -€59 | -0.1% |
| Amounts receivable within one year | 40/41 | €28,374 | €12,705 | -€15,669 | -55.2% |
| Trade receivables | 40 | €28,374 | €12,705 | -€15,669 | -55.2% |
| Cash at bank and in hand | 54/58 | €54,854 | €71,654 | +€16,800 | +30.6% |
| Deferred charges and accrued income | 490/1 | €1,464 | €274 | -€1,190 | -81.3% |
| Total equity and liabilities | 10/49 | €107,461 | €101,741 | -€5,720 | -5.3% |
| Equity | 10/15 | €30,777 | €18,900 | -€11,877 | -38.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €12,227 | €350 | -€11,877 | -97.1% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €11,877 | - | -€11,877 | |
| Amounts payable | 17/49 | €76,684 | €82,841 | +€6,157 | +8.0% |
| Amounts payable after more than one year | 17 | €10,525 | €5,726 | -€4,799 | -45.6% |
| Financial debts | 170/4 | €10,525 | €5,726 | -€4,799 | -45.6% |
| Amounts payable within one year | 42/48 | €66,159 | €77,115 | +€10,956 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €4,701 | €4,799 | +€98 | +2.1% |
| Trade debts | 44 | €1,593 | €1,917 | +€324 | +20.3% |
| Suppliers | 440/4 | €1,593 | €1,917 | +€324 | +20.3% |
| Taxes, remuneration and social security | 45 | €9,861 | €15,691 | +€5,830 | +59.1% |
| Taxes | 450/3 | €9,861 | €15,691 | +€5,830 | +59.1% |
| Other amounts payable | 47/48 | €50,004 | €54,708 | +€4,704 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,052 | €7,834 | +€782 | +11.1% |
| Other operating charges | 640/8 | €2,025 | €1,582 | -€443 | -21.9% |
| Gross operating margin | 9900 | €52,990 | €66,451 | +€13,461 | +25.4% |
| Operating profit (loss) | 9901 | €43,913 | €57,035 | +€13,122 | +29.9% |
| Financial income | 75/76B | €54 | - | -€54 | |
| Recurring financial income | 75 | €54 | - | -€54 | |
| Financial charges | 65/66B | €640 | €464 | -€176 | -27.5% |
| Recurring financial charges | 65 | €640 | €464 | -€176 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €43,327 | €56,571 | +€13,244 | +30.6% |
| Income taxes | 67/77 | €10,981 | €13,741 | +€2,760 | +25.1% |
| Profit (loss) for the period | 9904 | €32,346 | €42,830 | +€10,484 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,346 | €42,830 | +€10,484 | +32.4% |
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 1 November 2026 via checked.be.