THE FLAMINGO: what changed
THE FLAMINGO
Largest movements
- Receivables within one year +€55,990
up €55,990 (+682%), from €8,205 to €64,195
of which Other amounts receivable: +€56,532
- Cash -€23,174
down €23,174 (-17.9%), from €129,300 to €106,126
mainly Trade debts (-€92,733) and Receivables within one year (-€55,990)
- Tangible fixed assets -€16,275
down €16,275 (-4.0%), from €409,334 to €393,059
of which Plant, machinery and equipment: -€15,594
- Other debts +€157,402
up €157,402 (+26.1%), from €603,992 to €761,394
- Trade debts -€92,733
down €92,733 (-87.8%), from €105,583 to €12,850
- Profit (loss) carried forward -€31,341
down €31,341 (-20.7%), from -€151,221 to -€182,562
- Purchases and services +€1.4m
up €1.4m (+1,143%), from €124,441 to €1.5m
- Turnover +€1.4m
up €1.4m (+298%), from €461,983 to €1.8m
- Gross operating margin -€46,463
down €46,463 (-13.8%), from €337,542 to €291,079
- Depreciation -€35,965
down €35,965 (-68.8%), from €52,240 to €16,275
- Financial charges +€22,641
up €22,641 (+163%), from €13,858 to €36,499
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 | €643,536 | €672,021 | +€28,485 | +4.4% |
| Fixed assets | 21/28 | €488,335 | €472,060 | -€16,275 | -3.3% |
| Tangible fixed assets | 22/27 | €409,334 | €393,059 | -€16,275 | -4.0% |
| Plant, machinery and equipment | 23 | €406,609 | €391,015 | -€15,594 | -3.8% |
| Furniture and vehicles | 24 | €2,725 | €2,044 | -€681 | -25.0% |
| Financial fixed assets | 28 | €79,001 | €79,001 | = | 0.0% |
| Current assets | 29/58 | €155,201 | €199,961 | +€44,760 | +28.8% |
| Stocks and contracts in progress | 3 | €2,232 | €4,730 | +€2,498 | +112% |
| Stocks | 30/36 | €2,232 | €4,730 | +€2,498 | +112% |
| Amounts receivable within one year | 40/41 | €8,205 | €64,195 | +€55,990 | +682% |
| Trade receivables | 40 | €1,035 | €493 | -€542 | -52.4% |
| Other amounts receivable | 41 | €7,170 | €63,702 | +€56,532 | +788% |
| Current investments | 50/53 | €3,859 | €8,482 | +€4,623 | +120% |
| Cash at bank and in hand | 54/58 | €129,300 | €106,126 | -€23,174 | -17.9% |
| Deferred charges and accrued income | 490/1 | €11,605 | €16,428 | +€4,823 | +41.6% |
| Total equity and liabilities | 10/49 | €643,536 | €672,021 | +€28,485 | +4.4% |
| Equity | 10/15 | -€76,221 | -€107,562 | -€31,341 | -41.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,221 | -€182,562 | -€31,341 | -20.7% |
| Amounts payable | 17/49 | €719,757 | €779,583 | +€59,826 | +8.3% |
| Amounts payable within one year | 42/48 | €719,757 | €779,583 | +€59,826 | +8.3% |
| Trade debts | 44 | €105,583 | €12,850 | -€92,733 | -87.8% |
| Suppliers | 440/4 | €105,583 | €12,850 | -€92,733 | -87.8% |
| Taxes, remuneration and social security | 45 | €10,182 | €5,339 | -€4,843 | -47.6% |
| Taxes | 450/3 | €367 | - | -€367 | |
| Remuneration and social security | 454/9 | €9,815 | €5,339 | -€4,476 | -45.6% |
| Other amounts payable | 47/48 | €603,992 | €761,394 | +€157,402 | +26.1% |
| Turnover | 70 | €461,983 | €1,836,534 | +€1.4m | +298% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,441 | €1,546,704 | +€1.4m | +1,143% |
| Remuneration, social security and pensions | 62 | €267,051 | €247,958 | -€19,093 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,240 | €16,275 | -€35,965 | -68.8% |
| Other operating charges | 640/8 | €24,847 | €26,544 | +€1,697 | +6.8% |
| Gross operating margin | 9900 | €337,542 | €291,079 | -€46,463 | -13.8% |
| Operating profit (loss) | 9901 | -€6,596 | €302 | +€6,898 | |
| Financial income | 75/76B | €48 | €4,856 | +€4,808 | +10,017% |
| Recurring financial income | 75 | €48 | €4,856 | +€4,808 | +10,017% |
| Financial charges | 65/66B | €13,858 | €36,499 | +€22,641 | +163% |
| Recurring financial charges | 65 | €13,858 | €36,499 | +€22,641 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€20,406 | -€31,341 | -€10,935 | -53.6% |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | -€20,413 | -€31,341 | -€10,928 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,413 | -€31,341 | -€10,928 | -53.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.