B-Flows: 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.
B-Flows
Largest movements
- Cash +€15,538
up €15,538 (+369.5%), from €4,205 to €19,743
mainly Depreciation (+€14,957) and Net result for the year (+€13,946)
- Receivables within one year -€7,781
down €7,781 (-43.2%), from €18,012 to €10,231
- Tangible fixed assets -€3,921
down €3,921 (-1.9%), from €209,540 to €205,619
of which Furniture and vehicles: -€2,426
- Reserves +€13,946
up €13,946 (+65.3%), from €21,349 to €35,295
- Debts after one year -€9,037
down €9,037 (-5.7%), from €157,538 to €148,501
- Tax, wage and social debts +€6,415
up €6,415 (+123.6%), from €5,189 to €11,604
of which Taxes: +€6,215
- Trade debts -€4,611
down €4,611 (-47.9%), from €9,634 to €5,024
- Other debts -€4,351
down €4,351 (-24.9%), from €17,500 to €13,149
- Depreciation +€7,023
up €7,023 (+88.5%), from €7,934 to €14,957
- Taxes -€1,054
down €1,054 (-14.9%), from €7,063 to €6,010
- Financial charges +€821
up €821 (+12.6%), from €6,532 to €7,353
- Gross operating margin -€532
down €532 (-1.2%), from €43,735 to €43,204
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.
Cash bridge derived
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 | €238,661 | €241,210 | +€2,549 | +1.1% |
| Fixed assets | 21/28 | €209,790 | €205,869 | -€3,921 | -1.9% |
| Tangible fixed assets | 22/27 | €209,540 | €205,619 | -€3,921 | -1.9% |
| Land and buildings | 22 | €184,900 | €184,661 | -€239 | -0.1% |
| Plant, machinery and equipment | 23 | €4,349 | €3,094 | -€1,256 | -28.9% |
| Furniture and vehicles | 24 | €20,291 | €17,864 | -€2,426 | -12.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €28,871 | €35,341 | +€6,470 | +22.4% |
| Amounts receivable within one year | 40/41 | €18,012 | €10,231 | -€7,781 | -43.2% |
| Trade receivables | 40 | €18,012 | €10,231 | -€7,781 | -43.2% |
| Cash at bank and in hand | 54/58 | €4,205 | €19,743 | +€15,538 | +369.5% |
| Deferred charges and accrued income | 490/1 | €6,655 | €5,367 | -€1,288 | -19.4% |
| Total equity and liabilities | 10/49 | €238,661 | €241,210 | +€2,549 | +1.1% |
| Equity | 10/15 | €39,949 | €53,895 | +€13,946 | +34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,349 | €35,295 | +€13,946 | +65.3% |
| Distributable reserves | 133 | €21,349 | €35,295 | +€13,946 | +65.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,712 | €187,315 | -€11,397 | -5.7% |
| Amounts payable after more than one year | 17 | €157,538 | €148,501 | -€9,037 | -5.7% |
| Financial debts | 170/4 | €157,538 | €148,501 | -€9,037 | -5.7% |
| Amounts payable within one year | 42/48 | €41,174 | €38,814 | -€2,360 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €8,851 | €9,037 | +€187 | +2.1% |
| Trade debts | 44 | €9,634 | €5,024 | -€4,611 | -47.9% |
| Suppliers | 440/4 | €9,634 | €5,024 | -€4,611 | -47.9% |
| Taxes, remuneration and social security | 45 | €5,189 | €11,604 | +€6,415 | +123.6% |
| Taxes | 450/3 | €5,189 | €11,404 | +€6,215 | +119.8% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €17,500 | €13,149 | -€4,351 | -24.9% |
| Non-recurring operating income | 76A | - | €1,260 | +€1,260 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,934 | €14,957 | +€7,023 | +88.5% |
| Other operating charges | 640/8 | €985 | €948 | -€38 | -3.8% |
| Non-recurring operating charges | 66A | €710 | €0 | -€710 | -100.0% |
| Gross operating margin | 9900 | €43,735 | €43,204 | -€532 | -1.2% |
| Operating profit (loss) | 9901 | €34,106 | €27,299 | -€6,807 | -20.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,532 | €7,353 | +€821 | +12.6% |
| Recurring financial charges | 65 | €6,532 | €7,353 | +€821 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €27,573 | €19,955 | -€7,618 | -27.6% |
| Income taxes | 67/77 | €7,063 | €6,010 | -€1,054 | -14.9% |
| Profit (loss) for the period | 9904 | €20,510 | €13,946 | -€6,564 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,510 | €13,946 | -€6,564 | -32.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.