C-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.
C-FLOW
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€241,620
up €241,620 (+275288.0%), from €88 to €241,708
- Profit (loss) carried forward -€110,911
down €110,911 (-8.4%), from €1.3m to €1.2m
- Debts after one year -€80,000
down €80,000 (-7.9%), from €1.0m to €929,862
- Gross operating margin +€76,973
up €76,973 (+3357.1%), from €2,293 to €79,265
- Taxes +€11,238
up €11,238 (+2317.8%), from €485 to €11,723
- Financial charges -€6,479
down €6,479 (-24.9%), from €26,031 to €19,551
- Depreciation +€6,396
up €6,396 (+215.1%), from €2,974 to €9,371
- Financial income -€3,258
down €3,258 (-57.1%), from €5,705 to €2,447
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 | €2,441,936 | €2,487,587 | +€45,651 | +1.9% |
| Fixed assets | 21/28 | €2,357,794 | €2,378,309 | +€20,515 | +0.9% |
| Tangible fixed assets | 22/27 | €5,994 | €26,509 | +€20,515 | +342.2% |
| Plant, machinery and equipment | 23 | €1,355 | €541 | -€814 | -60.0% |
| Furniture and vehicles | 24 | €4,640 | €3,175 | -€1,465 | -31.6% |
| Other tangible fixed assets | 26 | - | €22,793 | +€22,793 | |
| Financial fixed assets | 28 | €2,351,800 | €2,351,800 | = | 0.0% |
| Current assets | 29/58 | €84,142 | €109,278 | +€25,136 | +29.9% |
| Amounts receivable within one year | 40/41 | €54,843 | €64,510 | +€9,667 | +17.6% |
| Trade receivables | 40 | €36,786 | €58,130 | +€21,344 | +58.0% |
| Other amounts receivable | 41 | €18,057 | €6,380 | -€11,677 | -64.7% |
| Cash at bank and in hand | 54/58 | €28,756 | €41,337 | +€12,582 | +43.8% |
| Deferred charges and accrued income | 490/1 | €543 | €3,431 | +€2,888 | +532.1% |
| Total equity and liabilities | 10/49 | €2,441,936 | €2,487,587 | +€45,651 | +1.9% |
| Equity | 10/15 | €1,326,444 | €1,215,533 | -€110,911 | -8.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,323,444 | €1,212,533 | -€110,911 | -8.4% |
| Amounts payable | 17/49 | €1,115,493 | €1,272,054 | +€156,562 | +14.0% |
| Amounts payable after more than one year | 17 | €1,009,862 | €929,862 | -€80,000 | -7.9% |
| Financial debts | 170/4 | €1,009,862 | €929,862 | -€80,000 | -7.9% |
| Amounts payable within one year | 42/48 | €100,405 | €342,192 | +€241,788 | +240.8% |
| Current portion of amounts payable after more than one year | 42 | €82,942 | €80,000 | -€2,942 | -3.5% |
| Trade debts | 44 | €1,315 | €5,930 | +€4,615 | +351.0% |
| Suppliers | 440/4 | €1,315 | €5,930 | +€4,615 | +351.0% |
| Taxes, remuneration and social security | 45 | €16,060 | €14,554 | -€1,506 | -9.4% |
| Taxes | 450/3 | €16,060 | €14,554 | -€1,506 | -9.4% |
| Other amounts payable | 47/48 | €88 | €241,708 | +€241,620 | +275288.0% |
| Accrued charges and deferred income | 492/3 | €5,226 | €0 | -€5,226 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €9,371 | +€6,396 | +215.1% |
| Other operating charges | 640/8 | €1,999 | €1,978 | -€22 | -1.1% |
| Gross operating margin | 9900 | €2,293 | €79,265 | +€76,973 | +3357.1% |
| Operating profit (loss) | 9901 | -€2,681 | €67,917 | +€70,598 | |
| Financial income | 75/76B | €5,705 | €2,447 | -€3,258 | -57.1% |
| Recurring financial income | 75 | €5,705 | €2,447 | -€3,258 | -57.1% |
| Financial charges | 65/66B | €26,031 | €19,551 | -€6,479 | -24.9% |
| Recurring financial charges | 65 | €26,031 | €19,551 | -€6,479 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,007 | €50,813 | +€73,819 | |
| Income taxes | 67/77 | €485 | €11,723 | +€11,238 | +2317.8% |
| Profit (loss) for the period | 9904 | -€23,492 | €39,089 | +€62,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,492 | €39,089 | +€62,581 |
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 9 October 2026 via checked.be.