FLECHE: 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.
FLECHE
Largest movements
- Receivables within one year -€58,336
down €58,336 (-92.0%), from €63,395 to €5,059
of which Trade receivables: -€52,261
- Tangible fixed assets +€46,569
up €46,569 (+22.8%), from €204,182 to €250,751
of which Furniture and vehicles: +€39,764
- Cash +€43,202
up €43,202 (+25.6%), from €168,821 to €212,023
mainly Receivables within one year (+€58,336) and Net result for the year (+€39,306)
- Intangible fixed assets -€9,000
down €9,000 (-33.3%), from €27,000 to €18,000
- Reserves +€39,306
up €39,306 (+39.5%), from €99,400 to €138,706
of which Distributable reserves: +€39,306
- Trade debts -€38,880
down €38,880 (-26.1%), from €148,744 to €109,864
- Tax, wage and social debts +€23,101
up €23,101 (+27.8%), from €83,141 to €106,242
of which Remuneration and social security: +€20,099
- Debts after one year +€19,982
up €19,982 (+613%), from €3,262 to €23,245
- Other debts -€19,958
down €19,958 (-25.9%), from €77,137 to €57,179
- Staff costs -€10,402
down €10,402 (-17.6%), from €59,224 to €48,821
- Other operating charges -€9,154
down €9,154 (-37.0%), from €24,723 to €15,568
- Financial income +€5,561
up €5,561 (+386%), from €1,442 to €7,003
- Taxes +€5,054
up €5,054 (+30.8%), from €16,421 to €21,475
- Gross operating margin -€4,775
down €4,775 (-2.9%), from €167,038 to €162,263
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 | €645,467 | €673,137 | +€27,670 | +4.3% |
| Fixed assets | 21/28 | €233,320 | €270,889 | +€37,569 | +16.1% |
| Intangible fixed assets | 21 | €27,000 | €18,000 | -€9,000 | -33.3% |
| Tangible fixed assets | 22/27 | €204,182 | €250,751 | +€46,569 | +22.8% |
| Land and buildings | 22 | €169,027 | €161,225 | -€7,801 | -4.6% |
| Plant, machinery and equipment | 23 | €966 | €644 | -€322 | -33.3% |
| Furniture and vehicles | 24 | €25,140 | €64,905 | +€39,764 | +158% |
| Other tangible fixed assets | 26 | €9,049 | €23,976 | +€14,927 | +165% |
| Financial fixed assets | 28 | €2,138 | €2,138 | = | 0.0% |
| Current assets | 29/58 | €412,147 | €402,248 | -€9,898 | -2.4% |
| Stocks and contracts in progress | 3 | €176,916 | €180,016 | +€3,100 | +1.8% |
| Stocks | 30/36 | €176,916 | €180,016 | +€3,100 | +1.8% |
| Amounts receivable within one year | 40/41 | €63,395 | €5,059 | -€58,336 | -92.0% |
| Trade receivables | 40 | €56,306 | €4,045 | -€52,261 | -92.8% |
| Other amounts receivable | 41 | €7,089 | €1,014 | -€6,075 | -85.7% |
| Cash at bank and in hand | 54/58 | €168,821 | €212,023 | +€43,202 | +25.6% |
| Deferred charges and accrued income | 490/1 | €3,015 | €5,151 | +€2,136 | +70.8% |
| Total equity and liabilities | 10/49 | €645,467 | €673,137 | +€27,670 | +4.3% |
| Equity | 10/15 | €258,834 | €298,140 | +€39,306 | +15.2% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €99,400 | €138,706 | +€39,306 | +39.5% |
| Non-distributable reserves | 130/1 | €4,400 | €4,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,400 | €4,400 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €134,306 | +€39,306 | +41.4% |
| Profit (loss) carried forward | 14 | €115,434 | €115,434 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €60,626 | €60,626 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,626 | €60,626 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,626 | €60,626 | = | 0.0% |
| Amounts payable | 17/49 | €326,006 | €314,371 | -€11,636 | -3.6% |
| Amounts payable after more than one year | 17 | €3,262 | €23,245 | +€19,982 | +613% |
| Financial debts | 170/4 | €3,262 | €23,245 | +€19,982 | +613% |
| Amounts payable within one year | 42/48 | €322,744 | €291,126 | -€31,618 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €13,722 | €17,841 | +€4,119 | +30.0% |
| Trade debts | 44 | €148,744 | €109,864 | -€38,880 | -26.1% |
| Suppliers | 440/4 | €148,744 | €109,864 | -€38,880 | -26.1% |
| Taxes, remuneration and social security | 45 | €83,141 | €106,242 | +€23,101 | +27.8% |
| Taxes | 450/3 | €21,267 | €24,268 | +€3,002 | +14.1% |
| Remuneration and social security | 454/9 | €61,874 | €81,973 | +€20,099 | +32.5% |
| Other amounts payable | 47/48 | €77,137 | €57,179 | -€19,958 | -25.9% |
| Non-recurring operating income | 76A | - | €4,752 | +€4,752 | |
| Remuneration, social security and pensions | 62 | €59,224 | €48,821 | -€10,402 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,864 | €29,179 | +€4,315 | +17.4% |
| Other operating charges | 640/8 | €24,723 | €15,568 | -€9,154 | -37.0% |
| Gross operating margin | 9900 | €167,038 | €162,263 | -€4,775 | -2.9% |
| Operating profit (loss) | 9901 | €58,228 | €68,695 | +€10,467 | +18.0% |
| Financial income | 75/76B | €1,442 | €7,003 | +€5,561 | +386% |
| Recurring financial income | 75 | €1,442 | €7,003 | +€5,561 | +386% |
| Financial charges | 65/66B | €12,929 | €14,917 | +€1,988 | +15.4% |
| Recurring financial charges | 65 | €12,929 | €14,917 | +€1,988 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €46,740 | €60,781 | +€14,041 | +30.0% |
| Income taxes | 67/77 | €16,421 | €21,475 | +€5,054 | +30.8% |
| Profit (loss) for the period | 9904 | €30,319 | €39,306 | +€8,987 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,319 | €39,306 | +€8,987 | +29.6% |
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 26 October 2026 via checked.be.