Business Flows: 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.
Business Flows
Largest movements
- Cash +€53,363
up €53,363 (+4,440%), from €1,202 to €54,565
mainly Other debts (+€49,741) and Net result for the year (+€29,949)
- Receivables within one year -€9,386
down €9,386 (-23.1%), from €40,559 to €31,173
of which Trade receivables: -€20,234
- Other debts +€49,741
up €49,741 (+3,659%), from €1,359 to €51,100
- Provisions +€21,807
new in 2025: €21,807
- Profit (loss) carried forward -€21,151
down €21,151 (-51.5%), from €41,041 to €19,890
- Trade debts -€9,204
down €9,204 (-56.8%), from €16,207 to €7,002
- Tax, wage and social debts +€2,270
up €2,270 (+8.5%), from €26,690 to €28,960
of which Taxes: +€1,596
- Gross operating margin +€54,979
up €54,979 (+66.7%), from €82,390 to €137,370
- Provisions +€21,807
new in 2025: €21,807
- Taxes +€10,800
up €10,800 (+173%), from €6,252 to €17,052
- Staff costs +€8,886
up €8,886 (+16.8%), from €52,807 to €61,693
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 | €90,298 | €133,760 | +€43,462 | +48.1% |
| Fixed assets | 21/28 | €18,085 | €17,249 | -€836 | -4.6% |
| Tangible fixed assets | 22/27 | €18,085 | €17,249 | -€836 | -4.6% |
| Plant, machinery and equipment | 23 | €665 | €2,895 | +€2,230 | +336% |
| Furniture and vehicles | 24 | €3,101 | €1,541 | -€1,560 | -50.3% |
| Other tangible fixed assets | 26 | €14,320 | €12,813 | -€1,507 | -10.5% |
| Current assets | 29/58 | €72,212 | €116,511 | +€44,298 | +61.3% |
| Amounts receivable after more than one year | 29 | €29,020 | €29,310 | +€290 | +1.0% |
| Trade receivables | 290 | €29,020 | €29,310 | +€290 | +1.0% |
| Amounts receivable within one year | 40/41 | €40,559 | €31,173 | -€9,386 | -23.1% |
| Trade receivables | 40 | €40,559 | €20,325 | -€20,234 | -49.9% |
| Other amounts receivable | 41 | €0 | €10,848 | +€10,848 | |
| Cash at bank and in hand | 54/58 | €1,202 | €54,565 | +€53,363 | +4,440% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,462 | +€31 | +2.2% |
| Total equity and liabilities | 10/49 | €90,298 | €133,760 | +€43,462 | +48.1% |
| Equity | 10/15 | €46,041 | €24,890 | -€21,151 | -45.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,041 | €19,890 | -€21,151 | -51.5% |
| Provisions and deferred taxes | 16 | - | €21,807 | +€21,807 | |
| Provisions for liabilities and charges | 160/5 | - | €21,807 | +€21,807 | |
| Other liabilities and charges | 164/5 | - | €21,807 | +€21,807 | |
| Amounts payable | 17/49 | €44,257 | €87,063 | +€42,806 | +96.7% |
| Amounts payable within one year | 42/48 | €44,257 | €87,063 | +€42,806 | +96.7% |
| Trade debts | 44 | €16,207 | €7,002 | -€9,204 | -56.8% |
| Suppliers | 440/4 | €16,207 | €7,002 | -€9,204 | -56.8% |
| Taxes, remuneration and social security | 45 | €26,690 | €28,960 | +€2,270 | +8.5% |
| Taxes | 450/3 | €15,145 | €16,741 | +€1,596 | +10.5% |
| Remuneration and social security | 454/9 | €11,545 | €12,219 | +€674 | +5.8% |
| Other amounts payable | 47/48 | €1,359 | €51,100 | +€49,741 | +3,659% |
| Remuneration, social security and pensions | 62 | €52,807 | €61,693 | +€8,886 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,215 | €3,809 | -€407 | -9.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €21,807 | +€21,807 | |
| Other operating charges | 640/8 | €1,083 | €944 | -€139 | -12.8% |
| Gross operating margin | 9900 | €82,390 | €137,370 | +€54,979 | +66.7% |
| Operating profit (loss) | 9901 | €24,285 | €49,117 | +€24,832 | +102% |
| Financial income | 75/76B | €329 | €503 | +€174 | +52.9% |
| Recurring financial income | 75 | €329 | €503 | +€174 | +52.9% |
| Financial charges | 65/66B | €3,468 | €2,619 | -€848 | -24.5% |
| Recurring financial charges | 65 | €3,468 | €2,619 | -€848 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €21,146 | €47,000 | +€25,854 | +122% |
| Income taxes | 67/77 | €6,252 | €17,052 | +€10,800 | +173% |
| Profit (loss) for the period | 9904 | €14,895 | €29,949 | +€15,054 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €14,895 | €29,949 | +€15,054 | +101% |
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 28 October 2026 via checked.be.