Ad Flumine: 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.
Ad Flumine
Largest movements
- Cash -€47,744
down €47,744 (-67.7%), from €70,572 to €22,828
mainly Net result for the year (-€26,687) and Receivables within one year (-€12,288)
- Receivables within one year +€12,288
up €12,288 (+50.3%), from €24,419 to €36,707
of which Other amounts receivable: +€20,822
- Tangible fixed assets +€1,282
up €1,282 (+564%), from €227 to €1,510
- Profit (loss) carried forward -€26,687
down €26,687 (-33.8%), from €79,064 to €52,377
- Tax, wage and social debts -€8,839
down €8,839 (-76.0%), from €11,623 to €2,784
of which Taxes: -€8,839
- Trade debts +€1,521
up €1,521 (+104%), from €1,466 to €2,987
- Gross operating margin -€71,100
down €71,100, from €47,922 to -€23,178
- Taxes -€9,623
down €9,623 (-99.9%), from €9,634 to €11
- Other operating charges -€2,423
down €2,423 (-69.4%), from €3,491 to €1,068
- Financial charges +€1,889
up €1,889 (+211%), from €894 to €2,783
- Financial income +€711
up €711 (+159%), from €448 to €1,159
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.
Derived cash bridge
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 | €95,382 | €61,148 | -€34,234 | -35.9% |
| Fixed assets | 21/28 | €227 | €1,510 | +€1,282 | +564% |
| Tangible fixed assets | 22/27 | €227 | €1,510 | +€1,282 | +564% |
| Plant, machinery and equipment | 23 | €227 | €1,510 | +€1,282 | +564% |
| Current assets | 29/58 | €95,155 | €59,638 | -€35,516 | -37.3% |
| Amounts receivable within one year | 40/41 | €24,419 | €36,707 | +€12,288 | +50.3% |
| Trade receivables | 40 | €8,534 | €0 | -€8,534 | -100% |
| Other amounts receivable | 41 | €15,885 | €36,707 | +€20,822 | +131% |
| Cash at bank and in hand | 54/58 | €70,572 | €22,828 | -€47,744 | -67.7% |
| Deferred charges and accrued income | 490/1 | €164 | €103 | -€61 | -37.2% |
| Total equity and liabilities | 10/49 | €95,382 | €61,148 | -€34,234 | -35.9% |
| Equity | 10/15 | €82,064 | €55,377 | -€26,687 | -32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,064 | €52,377 | -€26,687 | -33.8% |
| Amounts payable | 17/49 | €13,318 | €5,771 | -€7,547 | -56.7% |
| Amounts payable within one year | 42/48 | €13,318 | €5,771 | -€7,547 | -56.7% |
| Financial debts | 43 | €229 | €0 | -€229 | -100% |
| Credit institutions | 430/8 | €229 | €0 | -€229 | -100% |
| Trade debts | 44 | €1,466 | €2,987 | +€1,521 | +104% |
| Suppliers | 440/4 | €1,466 | €2,987 | +€1,521 | +104% |
| Taxes, remuneration and social security | 45 | €11,623 | €2,784 | -€8,839 | -76.0% |
| Taxes | 450/3 | €11,623 | €2,784 | -€8,839 | -76.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €805 | +€522 | +184% |
| Other operating charges | 640/8 | €3,491 | €1,068 | -€2,423 | -69.4% |
| Gross operating margin | 9900 | €47,922 | -€23,178 | -€71,100 | |
| Operating profit (loss) | 9901 | €44,147 | -€25,052 | -€69,200 | |
| Financial income | 75/76B | €448 | €1,159 | +€711 | +159% |
| Recurring financial income | 75 | €448 | €1,159 | +€711 | +159% |
| Financial charges | 65/66B | €894 | €2,783 | +€1,889 | +211% |
| Recurring financial charges | 65 | €894 | €2,783 | +€1,889 | +211% |
| Profit (loss) for the period before taxes | 9903 | €43,702 | -€26,676 | -€70,378 | |
| Income taxes | 67/77 | €9,634 | €11 | -€9,623 | -99.9% |
| Profit (loss) for the period | 9904 | €34,068 | -€26,687 | -€60,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,068 | -€26,687 | -€60,755 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.