OLD FLANDERS: what changed
OLD FLANDERS
Largest movements
- Receivables after one year +€125,118
up €125,118 (+1,884%), from €6,643 to €131,760
- Receivables within one year -€122,543
down €122,543 (-62.6%), from €195,646 to €73,103
of which Trade receivables: -€122,168
- Tangible fixed assets +€30,249
up €30,249 (+160%), from €18,914 to €49,163
of which Furniture and vehicles: +€18,610
- Cash -€12,738
down €12,738 (-21.4%), from €59,436 to €46,698
mainly Receivables after one year (-€125,118) and Advances received (-€51,408)
- Debts after one year +€71,307
up €71,307 (+811%), from €8,790 to €80,097
of which Other amounts payable: +€74,592
- Advances received -€51,408
down €51,408 (-100%), from €51,408 to €0
- Profit (loss) carried forward +€25,981
up €25,981 (+51.0%), from -€50,932 to -€24,951
- Tax, wage and social debts -€12,389
down €12,389 (-35.8%), from €34,606 to €22,218
of which Taxes: -€8,121
- Other debts -€5,558
down €5,558 (-58.1%), from €9,558 to €4,000
- Staff costs -€32,295
down €32,295 (-24.5%), from €131,976 to €99,681
- Gross operating margin -€23,629
down €23,629 (-13.4%), from €175,748 to €152,119
- Depreciation +€6,469
up €6,469 (+90.1%), from €7,176 to €13,646
- Other operating charges +€5,804
up €5,804 (+142%), from €4,078 to €9,881
- Financial charges -€1,905
down €1,905 (-40.3%), from €4,731 to €2,827
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,736 | €303,553 | +€21,817 | +7.7% |
| Fixed assets | 21/28 | €18,914 | €49,163 | +€30,249 | +160% |
| Tangible fixed assets | 22/27 | €18,914 | €49,163 | +€30,249 | +160% |
| Plant, machinery and equipment | 23 | €0 | €3,005 | +€3,005 | |
| Furniture and vehicles | 24 | €16,032 | €34,642 | +€18,610 | +116% |
| Other tangible fixed assets | 26 | €2,882 | €11,516 | +€8,634 | +300% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €262,822 | €254,390 | -€8,432 | -3.2% |
| Amounts receivable after more than one year | 29 | €6,643 | €131,760 | +€125,118 | +1,884% |
| Other amounts receivable | 291 | €6,643 | €131,760 | +€125,118 | +1,884% |
| Amounts receivable within one year | 40/41 | €195,646 | €73,103 | -€122,543 | -62.6% |
| Trade receivables | 40 | €191,674 | €69,506 | -€122,168 | -63.7% |
| Other amounts receivable | 41 | €3,972 | €3,597 | -€375 | -9.4% |
| Cash at bank and in hand | 54/58 | €59,436 | €46,698 | -€12,738 | -21.4% |
| Deferred charges and accrued income | 490/1 | €1,097 | €2,829 | +€1,731 | +158% |
| Total equity and liabilities | 10/49 | €281,736 | €303,553 | +€21,817 | +7.7% |
| Equity | 10/15 | €139,668 | €165,649 | +€25,981 | +18.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €128,600 | €128,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €122,400 | €122,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,932 | -€24,951 | +€25,981 | +51.0% |
| Amounts payable | 17/49 | €142,068 | €137,904 | -€4,164 | -2.9% |
| Amounts payable after more than one year | 17 | €8,790 | €80,097 | +€71,307 | +811% |
| Financial debts | 170/4 | €3,286 | €0 | -€3,286 | -100% |
| Other amounts payable | 178/9 | €5,504 | €80,097 | +€74,592 | +1,355% |
| Amounts payable within one year | 42/48 | €133,278 | €57,808 | -€75,471 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €6,527 | €3,286 | -€3,241 | -49.7% |
| Financial debts | 43 | €22,870 | €20,278 | -€2,591 | -11.3% |
| Credit institutions | 430/8 | €22,870 | €20,278 | -€2,591 | -11.3% |
| Trade debts | 44 | €8,310 | €8,026 | -€284 | -3.4% |
| Suppliers | 440/4 | €8,310 | €8,026 | -€284 | -3.4% |
| Advances received on contracts in progress | 46 | €51,408 | €0 | -€51,408 | -100% |
| Taxes, remuneration and social security | 45 | €34,606 | €22,218 | -€12,389 | -35.8% |
| Taxes | 450/3 | €21,557 | €13,436 | -€8,121 | -37.7% |
| Remuneration and social security | 454/9 | €13,050 | €8,782 | -€4,268 | -32.7% |
| Other amounts payable | 47/48 | €9,558 | €4,000 | -€5,558 | -58.1% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €131,976 | €99,681 | -€32,295 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,176 | €13,646 | +€6,469 | +90.1% |
| Other operating charges | 640/8 | €4,078 | €9,881 | +€5,804 | +142% |
| Gross operating margin | 9900 | €175,748 | €152,119 | -€23,629 | -13.4% |
| Operating profit (loss) | 9901 | €32,518 | €28,910 | -€3,607 | -11.1% |
| Financial income | 75/76B | €2 | €186 | +€185 | +10,982% |
| Recurring financial income | 75 | €2 | €186 | +€185 | +10,982% |
| Financial charges | 65/66B | €4,731 | €2,827 | -€1,905 | -40.3% |
| Recurring financial charges | 65 | €4,731 | €2,827 | -€1,905 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €27,788 | €26,270 | -€1,518 | -5.5% |
| Income taxes | 67/77 | €194 | €289 | +€96 | +49.4% |
| Profit (loss) for the period | 9904 | €27,594 | €25,981 | -€1,614 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,594 | €25,981 | -€1,614 | -5.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.