B-Flow: 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.
B-Flow
Largest movements
- Cash +€118,939
up €118,939 (+1,327%), from €8,964 to €127,903
mainly Net result for the year (+€203,926) and Accrued charges and deferred income (+€111,393)
- Receivables within one year -€48,784
down €48,784 (-4.6%), from €1.1m to €1.0m
of which Other amounts receivable: -€385,046
- Accrued charges and deferred income +€111,393
up €111,393 (+830%), from €13,423 to €124,815
- Advances received -€80,170
no longer reported in 2025 (was €80,170)
- Tax, wage and social debts -€40,355
down €40,355 (-19.5%), from €207,304 to €166,949
of which Remuneration and social security: -€21,029
- Other debts +€30,813
new in 2025: €30,813
- Trade debts +€26,321
up €26,321 (+8.5%), from €310,696 to €337,017
- Gross operating margin +€150,507
up €150,507 (+17.0%), from €887,616 to €1.0m
- Turnover +€110,583
up €110,583 (+4.0%), from €2.8m to €2.9m
- Purchases and services -€78,987
down €78,987 (-4.2%), from €1.9m to €1.8m
- Staff costs +€61,957
up €61,957 (+9.9%), from €625,330 to €687,287
- Taxes +€51,255
up €51,255 (+80.0%), from €64,047 to €115,301
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 | €1,128,962 | €1,197,890 | +€68,928 | +6.1% |
| Fixed assets | 21/28 | €28,656 | €21,320 | -€7,336 | -25.6% |
| Tangible fixed assets | 22/27 | €28,656 | €21,320 | -€7,336 | -25.6% |
| Plant, machinery and equipment | 23 | €28,656 | €21,320 | -€7,336 | -25.6% |
| Current assets | 29/58 | €1,100,306 | €1,176,570 | +€76,264 | +6.9% |
| Amounts receivable within one year | 40/41 | €1,062,334 | €1,013,550 | -€48,784 | -4.6% |
| Trade receivables | 40 | €291,123 | €627,385 | +€336,262 | +116% |
| Other amounts receivable | 41 | €771,211 | €386,165 | -€385,046 | -49.9% |
| Cash at bank and in hand | 54/58 | €8,964 | €127,903 | +€118,939 | +1,327% |
| Deferred charges and accrued income | 490/1 | €29,008 | €35,117 | +€6,109 | +21.1% |
| Total equity and liabilities | 10/49 | €1,128,962 | €1,197,890 | +€68,928 | +6.1% |
| Equity | 10/15 | €516,806 | €537,838 | +€21,032 | +4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €454,800 | €475,819 | +€21,019 | +4.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €448,600 | €427,519 | -€21,081 | -4.7% |
| Profit (loss) carried forward | 14 | €6 | €18 | +€12 | +210% |
| Provisions and deferred taxes | 16 | €564 | €458 | -€106 | -18.8% |
| Provisions for liabilities and charges | 160/5 | €564 | €458 | -€106 | -18.8% |
| Pensions and similar obligations | 160 | €564 | €458 | -€106 | -18.8% |
| Amounts payable | 17/49 | €611,592 | €659,595 | +€48,002 | +7.8% |
| Amounts payable within one year | 42/48 | €598,170 | €534,779 | -€63,390 | -10.6% |
| Trade debts | 44 | €310,696 | €337,017 | +€26,321 | +8.5% |
| Suppliers | 440/4 | €310,696 | €337,017 | +€26,321 | +8.5% |
| Advances received on contracts in progress | 46 | €80,170 | - | -€80,170 | |
| Taxes, remuneration and social security | 45 | €207,304 | €166,949 | -€40,355 | -19.5% |
| Taxes | 450/3 | €113,442 | €94,115 | -€19,326 | -17.0% |
| Remuneration and social security | 454/9 | €93,862 | €72,834 | -€21,029 | -22.4% |
| Other amounts payable | 47/48 | - | €30,813 | +€30,813 | |
| Accrued charges and deferred income | 492/3 | €13,423 | €124,815 | +€111,393 | +830% |
| Turnover | 70 | €2,768,658 | €2,879,241 | +€110,583 | +4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,892,785 | €1,813,797 | -€78,987 | -4.2% |
| Remuneration, social security and pensions | 62 | €625,330 | €687,287 | +€61,957 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,312 | €13,876 | +€2,563 | +22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €338 | -€106 | -€444 | |
| Other operating charges | 640/8 | €4,855 | €3,413 | -€1,443 | -29.7% |
| Non-recurring operating charges | 66A | - | €2,896 | +€2,896 | |
| Gross operating margin | 9900 | €887,616 | €1,038,122 | +€150,507 | +17.0% |
| Operating profit (loss) | 9901 | €245,780 | €330,758 | +€84,977 | +34.6% |
| Financial income | 75/76B | €11,174 | €12,237 | +€1,064 | +9.5% |
| Recurring financial income | 75 | €11,174 | €12,237 | +€1,064 | +9.5% |
| Financial charges | 65/66B | €30,826 | €23,768 | -€7,059 | -22.9% |
| Recurring financial charges | 65 | €30,826 | €23,768 | -€7,059 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €226,127 | €319,227 | +€93,100 | +41.2% |
| Income taxes | 67/77 | €64,047 | €115,301 | +€51,255 | +80.0% |
| Profit (loss) for the period | 9904 | €162,081 | €203,926 | +€41,845 | +25.8% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €162,081 | €161,826 | -€255 | -0.2% |
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 31 October 2026 via checked.be.