BEFLOWS: 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.
BEFLOWS
Largest movements
- Cash +€72,814
up €72,814 (+87.2%), from €83,503 to €156,317
mainly Other debts (+€153,000) and Net result for the year (+€148,493)
- Receivables within one year +€46,425
up €46,425 (+20.0%), from €231,700 to €278,124
of which Trade receivables: +€42,529
- Tangible fixed assets -€5,692
down €5,692 (-12.3%), from €46,144 to €40,452
of which Leasing and similar rights: -€10,630
- Other debts +€153,000
up €153,000 (+180.0%), from €85,000 to €238,000
- Profit (loss) carried forward -€131,507
down €131,507 (-67.1%), from €195,889 to €64,381
- Trade debts +€71,772
up €71,772 (+599.0%), from €11,982 to €83,754
- Tax, wage and social debts +€27,536
up €27,536 (+129.3%), from €21,290 to €48,826
of which Taxes: +€26,946
- Debts after one year -€7,853
down €7,853 (-33.9%), from €23,173 to €15,321
- Gross operating margin +€35,483
up €35,483 (+15.2%), from €233,410 to €268,893
- Taxes +€7,262
up €7,262 (+17.6%), from €41,315 to €48,577
- Financial charges +€3,257
up €3,257 (+91.6%), from €3,555 to €6,812
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 | €362,575 | €476,684 | +€114,109 | +31.5% |
| Fixed assets | 21/28 | €46,264 | €40,572 | -€5,692 | -12.3% |
| Tangible fixed assets | 22/27 | €46,144 | €40,452 | -€5,692 | -12.3% |
| Plant, machinery and equipment | 23 | €2,538 | €5,851 | +€3,313 | +130.5% |
| Furniture and vehicles | 24 | €4,728 | €6,352 | +€1,625 | +34.4% |
| Leasing and similar rights | 25 | €38,878 | €28,248 | -€10,630 | -27.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €316,311 | €436,112 | +€119,801 | +37.9% |
| Amounts receivable within one year | 40/41 | €231,700 | €278,124 | +€46,425 | +20.0% |
| Trade receivables | 40 | €211,115 | €253,644 | +€42,529 | +20.1% |
| Other amounts receivable | 41 | €20,584 | €24,480 | +€3,896 | +18.9% |
| Cash at bank and in hand | 54/58 | €83,503 | €156,317 | +€72,814 | +87.2% |
| Deferred charges and accrued income | 490/1 | €1,109 | €1,671 | +€563 | +50.8% |
| Total equity and liabilities | 10/49 | €362,575 | €476,684 | +€114,109 | +31.5% |
| Equity | 10/15 | €214,439 | €82,931 | -€131,507 | -61.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,889 | €64,381 | -€131,507 | -67.1% |
| Amounts payable | 17/49 | €148,136 | €393,753 | +€245,617 | +165.8% |
| Amounts payable after more than one year | 17 | €23,173 | €15,321 | -€7,853 | -33.9% |
| Financial debts | 170/4 | €23,173 | €15,321 | -€7,853 | -33.9% |
| Amounts payable within one year | 42/48 | €124,963 | €378,432 | +€253,469 | +202.8% |
| Current portion of amounts payable after more than one year | 42 | €6,692 | €7,853 | +€1,161 | +17.4% |
| Trade debts | 44 | €11,982 | €83,754 | +€71,772 | +599.0% |
| Suppliers | 440/4 | €11,982 | €83,754 | +€71,772 | +599.0% |
| Taxes, remuneration and social security | 45 | €21,290 | €48,826 | +€27,536 | +129.3% |
| Taxes | 450/3 | €15,054 | €42,000 | +€26,946 | +179.0% |
| Remuneration and social security | 454/9 | €6,236 | €6,826 | +€590 | +9.5% |
| Other amounts payable | 47/48 | €85,000 | €238,000 | +€153,000 | +180.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,318 | €49,149 | +€1,831 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,730 | €14,161 | +€431 | +3.1% |
| Other operating charges | 640/8 | €815 | €2,226 | +€1,411 | +173.1% |
| Gross operating margin | 9900 | €233,410 | €268,893 | +€35,483 | +15.2% |
| Operating profit (loss) | 9901 | €171,546 | €203,357 | +€31,811 | +18.5% |
| Financial income | 75/76B | €798 | €524 | -€273 | -34.3% |
| Recurring financial income | 75 | €798 | €524 | -€273 | -34.3% |
| Financial charges | 65/66B | €3,555 | €6,812 | +€3,257 | +91.6% |
| Recurring financial charges | 65 | €3,555 | €6,812 | +€3,257 | +91.6% |
| Profit (loss) for the period before taxes | 9903 | €168,789 | €197,069 | +€28,280 | +16.8% |
| Income taxes | 67/77 | €41,315 | €48,577 | +€7,262 | +17.6% |
| Profit (loss) for the period | 9904 | €127,474 | €148,493 | +€21,018 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,474 | €148,493 | +€21,018 | +16.5% |
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 12 October 2026 via checked.be.