Flender: what changed
What changed
Flender
NACE 33.200, Installation of industrial machinery and equipment
filed annual accounts (NBB)
Net result for the year
€46,822
2024 · €222,005-€175,183
Equity
€640,822
2024 · €594,000+€46,822
Cash
€0
2024 · €35,684-€35,684
Balance sheet total
€2.1m
2024 · €2.9m-€839,391
Largest movements
Assets
- Receivables within one year -€545,104
down €545,104 (-26.2%), from €2.1m to €1.5m
of which Trade receivables: -€593,720
- Stocks and contracts -€149,288
down €149,288 (-74.6%), from €200,090 to €50,801
- Intangible fixed assets -€107,353
down €107,353 (-19.3%), from €555,050 to €447,697
- Cash -€35,684
down €35,684 (-100%), from €35,684 to €0
mainly Other debts (-€608,851) and Advances received (-€352,211)
Equity and liabilities
- Other debts -€608,851
down €608,851 (-53.7%), from €1.1m to €524,954
- Advances received -€352,211
down €352,211 (-50.9%), from €691,565 to €339,355
- Tax, wage and social debts +€108,505
up €108,505 (+38.5%), from €281,956 to €390,460
of which Taxes: +€92,318
- Profit (loss) carried forward +€46,822
up €46,822, from €0 to €46,822
Income statement
- Staff costs +€206,257
up €206,257 (+24.6%), from €837,653 to €1.0m
- Taxes -€61,481
down €61,481 (-62.6%), from €98,272 to €36,791
- Gross operating margin -€15,413
down €15,413 (-1.2%), from €1.3m to €1.3m
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.
Result 2024
€222,005
Gross operating margin
-€15,413
Staff costs
-€206,257
Depreciation
-€792
Write-downs
-€6,262
Provisions
-€4,815
Other operating charges
-€4,190
Financial charges
+€1,067
Taxes
+€61,481
Result 2025
€46,822
raises the resultlowers the result
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.
From operations
-€29,789
Investment
-€5,896
Financing
€0
Cash 2024
€35,684
From operations (derived)
-€29,789
Net result for the year
+€46,822
Depreciation
+€114,972
Stocks and contracts
+€149,288
Receivables within one year
+€545,104
Deferred charges and accrued income
+€237
Provisions
-€7,268
Trade debts
-€26,388
Tax, wage and social debts
+€108,505
Advances received
-€352,211
Other debts
-€608,851
Investment (derived)
-€5,896
Investment in fixed assets (net)
-€5,896
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,899,566 | €2,060,175 | -€839,391 | -28.9% |
| Fixed assets | 21/28 | €566,756 | €457,679 | -€109,077 | -19.2% |
| Intangible fixed assets | 21 | €555,050 | €447,697 | -€107,353 | -19.3% |
| Tangible fixed assets | 22/27 | €11,705 | €9,982 | -€1,724 | -14.7% |
| Plant, machinery and equipment | 23 | €4,700 | €7,647 | +€2,946 | +62.7% |
| Other tangible fixed assets | 26 | €7,005 | €2,335 | -€4,670 | -66.7% |
| Current assets | 29/58 | €2,332,810 | €1,602,496 | -€730,314 | -31.3% |
| Stocks and contracts in progress | 3 | €200,090 | €50,801 | -€149,288 | -74.6% |
| Stocks | 30/36 | €200,090 | €50,801 | -€149,288 | -74.6% |
| Amounts receivable within one year | 40/41 | €2,079,879 | €1,534,775 | -€545,104 | -26.2% |
| Trade receivables | 40 | €1,963,001 | €1,369,281 | -€593,720 | -30.2% |
| Other amounts receivable | 41 | €116,878 | €165,494 | +€48,616 | +41.6% |
| Cash at bank and in hand | 54/58 | €35,684 | €0 | -€35,684 | -100% |
| Deferred charges and accrued income | 490/1 | €17,157 | €16,920 | -€237 | -1.4% |
| Total equity and liabilities | 10/49 | €2,899,566 | €2,060,175 | -€839,391 | -28.9% |
| Equity | 10/15 | €594,000 | €640,822 | +€46,822 | +7.9% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,000 | €54,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €46,822 | +€46,822 | |
| Provisions and deferred taxes | 16 | €136,668 | €129,400 | -€7,268 | -5.3% |
| Provisions for liabilities and charges | 160/5 | €136,668 | €129,400 | -€7,268 | -5.3% |
| Other liabilities and charges | 164/5 | €136,668 | €129,400 | -€7,268 | -5.3% |
| Amounts payable | 17/49 | €2,168,897 | €1,289,953 | -€878,945 | -40.5% |
| Amounts payable within one year | 42/48 | €2,168,897 | €1,289,953 | -€878,945 | -40.5% |
| Trade debts | 44 | €61,572 | €35,184 | -€26,388 | -42.9% |
| Suppliers | 440/4 | €61,572 | €35,184 | -€26,388 | -42.9% |
| Advances received on contracts in progress | 46 | €691,565 | €339,355 | -€352,211 | -50.9% |
| Taxes, remuneration and social security | 45 | €281,956 | €390,460 | +€108,505 | +38.5% |
| Taxes | 450/3 | €71,564 | €163,882 | +€92,318 | +129% |
| Remuneration and social security | 454/9 | €210,392 | €226,579 | +€16,187 | +7.7% |
| Other amounts payable | 47/48 | €1,133,805 | €524,954 | -€608,851 | -53.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €837,653 | €1,043,910 | +€206,257 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,180 | €114,972 | +€792 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€537 | €5,725 | +€6,262 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,084 | -€7,268 | +€4,815 | +39.8% |
| Other operating charges | 640/8 | €1,636 | €5,826 | +€4,190 | +256% |
| Gross operating margin | 9900 | €1,286,810 | €1,271,397 | -€15,413 | -1.2% |
| Operating profit (loss) | 9901 | €345,962 | €108,232 | -€237,730 | -68.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €25,684 | €24,618 | -€1,067 | -4.2% |
| Recurring financial charges | 65 | €25,684 | €24,618 | -€1,067 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €320,277 | €83,614 | -€236,664 | -73.9% |
| Income taxes | 67/77 | €98,272 | €36,791 | -€61,481 | -62.6% |
| Profit (loss) for the period | 9904 | €222,005 | €46,822 | -€175,183 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €222,005 | €46,822 | -€175,183 | -78.9% |
Next steps
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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 3 November 2026 via checked.be.