What changed?
Two fiscal 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.
Flaco
Largest movements
- Receivables within one year -€13,690
down €13,690 (-95.8%), from €14,289 to €598
of which Trade receivables: -€13,450
- Cash -€12,760
down €12,760 (-70.5%), from €18,087 to €5,327
mainly Other debts (-€27,415) and Tax, wage and social debts (-€1,820)
- Tangible fixed assets -€456
down €456 (-14.7%), from €3,108 to €2,652
of which Furniture and vehicles: -€288
- Other debts -€27,415
down €27,415 (-59.0%), from €46,483 to €19,069
- Tax, wage and social debts -€1,820
down €1,820 (-26.2%), from €6,947 to €5,126
of which Remuneration and social security: -€2,527
- Trade debts +€956
up €956 (+62.4%), from €1,532 to €2,488
- Profit (loss) carried forward +€781
up €781 (+1.6%), from -€47,429 to -€46,648
- Accrued charges and deferred income +€747
up €747 (+9.8%), from €7,608 to €8,355
- Gross operating margin -€6,141
down €6,141 (-60.9%), from €10,089 to €3,948
- Financial charges -€2,155
down €2,155 (-73.0%), from €2,952 to €797
- Depreciation -€1,039
down €1,039 (-44.9%), from €2,314 to €1,275
- Taxes +€240
up €240 (+149.2%), from €161 to €402
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.
Cash bridge derived
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 | €36,226 | €9,475 | -€26,751 | -73.8% |
| Fixed assets | 21/28 | €3,108 | €2,652 | -€456 | -14.7% |
| Tangible fixed assets | 22/27 | €3,108 | €2,652 | -€456 | -14.7% |
| Plant, machinery and equipment | 23 | €505 | €337 | -€168 | -33.2% |
| Furniture and vehicles | 24 | €2,603 | €2,315 | -€288 | -11.1% |
| Current assets | 29/58 | €33,118 | €6,823 | -€26,295 | -79.4% |
| Amounts receivable within one year | 40/41 | €14,289 | €598 | -€13,690 | -95.8% |
| Trade receivables | 40 | €13,450 | - | -€13,450 | |
| Other amounts receivable | 41 | €839 | €598 | -€240 | -28.7% |
| Cash at bank and in hand | 54/58 | €18,087 | €5,327 | -€12,760 | -70.5% |
| Deferred charges and accrued income | 490/1 | €742 | €897 | +€155 | +20.9% |
| Total equity and liabilities | 10/49 | €36,226 | €9,475 | -€26,751 | -73.8% |
| Equity | 10/15 | -€26,344 | -€25,563 | +€781 | +3.0% |
| Contributions | 10/11 | €21,085 | €21,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,429 | -€46,648 | +€781 | +1.6% |
| Amounts payable | 17/49 | €62,570 | €35,038 | -€27,532 | -44.0% |
| Amounts payable within one year | 42/48 | €54,962 | €26,683 | -€28,279 | -51.5% |
| Trade debts | 44 | €1,532 | €2,488 | +€956 | +62.4% |
| Suppliers | 440/4 | €1,532 | €2,488 | +€956 | +62.4% |
| Taxes, remuneration and social security | 45 | €6,947 | €5,126 | -€1,820 | -26.2% |
| Taxes | 450/3 | €3,508 | €4,214 | +€706 | +20.1% |
| Remuneration and social security | 454/9 | €3,439 | €912 | -€2,527 | -73.5% |
| Other amounts payable | 47/48 | €46,483 | €19,069 | -€27,415 | -59.0% |
| Accrued charges and deferred income | 492/3 | €7,608 | €8,355 | +€747 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,314 | €1,275 | -€1,039 | -44.9% |
| Other operating charges | 640/8 | €681 | €693 | +€12 | +1.7% |
| Gross operating margin | 9900 | €10,089 | €3,948 | -€6,141 | -60.9% |
| Operating profit (loss) | 9901 | €7,094 | €1,980 | -€5,114 | -72.1% |
| Financial charges | 65/66B | €2,952 | €797 | -€2,155 | -73.0% |
| Recurring financial charges | 65 | €2,952 | €797 | -€2,155 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €4,142 | €1,183 | -€2,959 | -71.4% |
| Income taxes | 67/77 | €161 | €402 | +€240 | +149.2% |
| Profit (loss) for the period | 9904 | €3,981 | €781 | -€3,200 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,981 | €781 | -€3,200 | -80.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.