Dataflows: 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.
Dataflows
Largest movements
- Receivables after one year -€69,120
down €69,120 (-100.0%), from €69,120 to €0
- Cash -€29,909
down €29,909 (-34.4%), from €87,037 to €57,128
mainly Contributions, distributions and other (-€274,329) and Current portion of long-term debt (-€24,214)
- Tangible fixed assets -€11,387
down €11,387 (-11.7%), from €97,419 to €86,032
of which Furniture and vehicles: -€21,409
- Receivables within one year -€4,702
down €4,702 (-10.9%), from €43,203 to €38,501
of which Trade receivables: -€8,664
- Reserves -€153,975
down €153,975 (-69.5%), from €221,548 to €67,573
- Other debts +€42,015
up €42,015 (+1061.3%), from €3,959 to €45,973
- Current portion of long-term debt -€24,214
no longer reported in 2025 (was €24,214)
- Tax, wage and social debts +€14,579
up €14,579 (+61.1%), from €23,872 to €38,451
- Short-term financial debts +€13,576
up €13,576, from €0 to €13,576
of which Credit institutions: +€13,576
- Gross operating margin +€41,771
up €41,771 (+28.1%), from €148,844 to €190,616
- Taxes +€3,425
up €3,425 (+10.5%), from €32,614 to €36,039
- Depreciation -€2,018
down €2,018 (-6.0%), from €33,655 to €31,637
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 | €296,779 | €184,396 | -€112,384 | -37.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €97,419 | €86,032 | -€11,387 | -11.7% |
| Tangible fixed assets | 22/27 | €97,419 | €86,032 | -€11,387 | -11.7% |
| Plant, machinery and equipment | 23 | €11,818 | €21,839 | +€10,022 | +84.8% |
| Furniture and vehicles | 24 | €85,602 | €64,193 | -€21,409 | -25.0% |
| Current assets | 29/58 | €199,360 | €98,363 | -€100,997 | -50.7% |
| Amounts receivable after more than one year | 29 | €69,120 | €0 | -€69,120 | -100.0% |
| Other amounts receivable | 291 | €69,120 | €0 | -€69,120 | -100.0% |
| Amounts receivable within one year | 40/41 | €43,203 | €38,501 | -€4,702 | -10.9% |
| Trade receivables | 40 | €26,741 | €18,077 | -€8,664 | -32.4% |
| Other amounts receivable | 41 | €16,462 | €20,423 | +€3,961 | +24.1% |
| Cash at bank and in hand | 54/58 | €87,037 | €57,128 | -€29,909 | -34.4% |
| Deferred charges and accrued income | 490/1 | €0 | €2,735 | +€2,735 | |
| Total equity and liabilities | 10/49 | €296,779 | €184,396 | -€112,384 | -37.9% |
| Equity | 10/15 | €240,098 | €86,123 | -€153,975 | -64.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €221,548 | €67,573 | -€153,975 | -69.5% |
| Distributable reserves | 133 | €221,548 | €67,573 | -€153,975 | -69.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,682 | €98,273 | +€41,591 | +73.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,682 | €98,273 | +€41,591 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €24,214 | - | -€24,214 | |
| Financial debts | 43 | €0 | €13,576 | +€13,576 | |
| Credit institutions | 430/8 | - | €13,576 | +€13,576 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €4,638 | €273 | -€4,365 | -94.1% |
| Suppliers | 440/4 | €4,638 | €273 | -€4,365 | -94.1% |
| Taxes, remuneration and social security | 45 | €23,872 | €38,451 | +€14,579 | +61.1% |
| Taxes | 450/3 | €23,872 | €38,451 | +€14,579 | +61.1% |
| Other amounts payable | 47/48 | €3,959 | €45,973 | +€42,015 | +1061.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,655 | €31,637 | -€2,018 | -6.0% |
| Other operating charges | 640/8 | €505 | €1,090 | +€585 | +115.8% |
| Gross operating margin | 9900 | €148,844 | €190,616 | +€41,771 | +28.1% |
| Operating profit (loss) | 9901 | €114,684 | €157,888 | +€43,204 | +37.7% |
| Financial income | 75/76B | €1,300 | €0 | -€1,300 | -100.0% |
| Recurring financial income | 75 | €1,300 | €0 | -€1,300 | -100.0% |
| Financial charges | 65/66B | €2,613 | €1,495 | -€1,118 | -42.8% |
| Recurring financial charges | 65 | €2,613 | €1,495 | -€1,118 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €113,371 | €156,393 | +€43,022 | +37.9% |
| Income taxes | 67/77 | €32,614 | €36,039 | +€3,425 | +10.5% |
| Profit (loss) for the period | 9904 | €80,757 | €120,355 | +€39,598 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,757 | €120,355 | +€39,598 | +49.0% |
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 3 October 2026 via checked.be.