FinFlag: 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.
FinFlag
Largest movements
- Receivables within one year +€53,511
up €53,511 (+93.2%), from €57,423 to €110,934
of which Trade receivables: +€63,591
- Deferred charges and accrued income -€38,235
down €38,235 (-81.4%), from €46,958 to €8,723
- Cash +€32,600
up €32,600 (+74.2%), from €43,948 to €76,547
mainly Trade debts (+€39,284) and Deferred charges and accrued income (+€38,235)
- Intangible fixed assets -€3,341
down €3,341 (-33.6%), from €9,953 to €6,612
- Tangible fixed assets -€2,221
down €2,221 (-86.0%), from €2,584 to €363
- Trade debts +€39,284
up €39,284 (+50.2%), from €78,267 to €117,551
- Profit (loss) carried forward +€11,847
up €11,847 (+22.7%), from €52,110 to €63,957
- Tax, wage and social debts -€7,884
down €7,884 (-47.4%), from €16,617 to €8,733
of which Taxes: -€6,136
- Staff costs -€145,705
down €145,705 (-71.0%), from €205,168 to €59,462
- Gross operating margin -€7,504
down €7,504 (-8.8%), from €84,923 to €77,419
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 | €160,991 | €203,304 | +€42,314 | +26.3% |
| Fixed assets | 21/28 | €12,662 | €7,099 | -€5,562 | -43.9% |
| Intangible fixed assets | 21 | €9,953 | €6,612 | -€3,341 | -33.6% |
| Tangible fixed assets | 22/27 | €2,584 | €363 | -€2,221 | -86.0% |
| Furniture and vehicles | 24 | €2,584 | €363 | -€2,221 | -86.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €148,329 | €196,205 | +€47,876 | +32.3% |
| Amounts receivable within one year | 40/41 | €57,423 | €110,934 | +€53,511 | +93.2% |
| Trade receivables | 40 | €38,882 | €102,473 | +€63,591 | +164% |
| Other amounts receivable | 41 | €18,541 | €8,462 | -€10,079 | -54.4% |
| Cash at bank and in hand | 54/58 | €43,948 | €76,547 | +€32,600 | +74.2% |
| Deferred charges and accrued income | 490/1 | €46,958 | €8,723 | -€38,235 | -81.4% |
| Total equity and liabilities | 10/49 | €160,991 | €203,304 | +€42,314 | +26.3% |
| Equity | 10/15 | €60,170 | €72,017 | +€11,847 | +19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,110 | €63,957 | +€11,847 | +22.7% |
| Amounts payable | 17/49 | €100,821 | €131,288 | +€30,467 | +30.2% |
| Amounts payable within one year | 42/48 | €95,994 | €127,886 | +€31,892 | +33.2% |
| Financial debts | 43 | €57 | €548 | +€491 | +867% |
| Credit institutions | 430/8 | €57 | €548 | +€491 | +867% |
| Trade debts | 44 | €78,267 | €117,551 | +€39,284 | +50.2% |
| Suppliers | 440/4 | €78,267 | €117,551 | +€39,284 | +50.2% |
| Taxes, remuneration and social security | 45 | €16,617 | €8,733 | -€7,884 | -47.4% |
| Taxes | 450/3 | €7,868 | €1,732 | -€6,136 | -78.0% |
| Remuneration and social security | 454/9 | €8,749 | €7,002 | -€1,747 | -20.0% |
| Other amounts payable | 47/48 | €1,054 | €1,054 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,827 | €3,402 | -€1,425 | -29.5% |
| Remuneration, social security and pensions | 62 | €205,168 | €59,462 | -€145,705 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,329 | €5,562 | -€767 | -12.1% |
| Other operating charges | 640/8 | €389 | €400 | +€11 | +2.9% |
| Non-recurring operating charges | 66A | €418 | €0 | -€418 | -100% |
| Gross operating margin | 9900 | €84,923 | €77,419 | -€7,504 | -8.8% |
| Operating profit (loss) | 9901 | -€127,382 | €11,994 | +€139,376 | |
| Financial income | 75/76B | €484 | €35 | -€449 | -92.7% |
| Recurring financial income | 75 | €484 | €35 | -€449 | -92.7% |
| Financial charges | 65/66B | €147 | €182 | +€35 | +23.6% |
| Recurring financial charges | 65 | €147 | €182 | +€35 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | -€127,045 | €11,847 | +€138,892 | |
| Income taxes | 67/77 | €70 | €0 | -€70 | -100% |
| Profit (loss) for the period | 9904 | -€127,114 | €11,847 | +€138,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€127,114 | €11,847 | +€138,962 |
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.