E-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.
E-FLOW
Largest movements
- Receivables within one year +€18,502
up €18,502 (+145%), from €12,772 to €31,274
of which Trade receivables: +€10,581
- Cash -€9,401
down €9,401 (-18.6%), from €50,435 to €41,033
mainly Receivables within one year (-€18,502) and Investment in fixed assets (net) (-€7,413)
- Tangible fixed assets -€7,681
down €7,681 (-16.6%), from €46,287 to €38,606
of which Furniture and vehicles: -€11,783
- Trade debts +€14,537
up €14,537 (+4,452%), from €327 to €14,864
- Current portion of long-term debt -€5,455
down €5,455 (-57.3%), from €9,525 to €4,070
- Debts after one year -€4,070
down €4,070 (-100%), from €4,070 to €0
- Tax, wage and social debts -€2,626
down €2,626 (-39.1%), from €6,716 to €4,089
- Gross operating margin -€22,426
down €22,426 (-59.6%), from €37,658 to €15,232
- Taxes -€7,462
down €7,462 (-98.3%), from €7,592 to €130
- Depreciation +€5,437
up €5,437 (+56.3%), from €9,657 to €15,094
- Financial income +€696
up €696 (+1,473%), from €47 to €743
- Financial charges -€458
down €458 (-48.5%), from €943 to €486
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 | €110,897 | €112,123 | +€1,226 | +1.1% |
| Fixed assets | 21/28 | €46,287 | €38,606 | -€7,681 | -16.6% |
| Tangible fixed assets | 22/27 | €46,287 | €38,606 | -€7,681 | -16.6% |
| Plant, machinery and equipment | 23 | €509 | €5,603 | +€5,095 | +1,001% |
| Furniture and vehicles | 24 | €41,686 | €29,903 | -€11,783 | -28.3% |
| Other tangible fixed assets | 26 | €4,092 | €3,099 | -€992 | -24.3% |
| Current assets | 29/58 | €64,610 | €73,517 | +€8,907 | +13.8% |
| Amounts receivable within one year | 40/41 | €12,772 | €31,274 | +€18,502 | +145% |
| Trade receivables | 40 | €12,772 | €23,353 | +€10,581 | +82.8% |
| Other amounts receivable | 41 | €0 | €7,921 | +€7,921 | |
| Cash at bank and in hand | 54/58 | €50,435 | €41,033 | -€9,401 | -18.6% |
| Deferred charges and accrued income | 490/1 | €1,403 | €1,209 | -€194 | -13.8% |
| Total equity and liabilities | 10/49 | €110,897 | €112,123 | +€1,226 | +1.1% |
| Equity | 10/15 | €85,464 | €84,421 | -€1,043 | -1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €72,864 | €72,021 | -€843 | -1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,864 | €72,021 | -€843 | -1.2% |
| Profit (loss) carried forward | 14 | €200 | €0 | -€200 | -100% |
| Amounts payable | 17/49 | €25,433 | €27,702 | +€2,269 | +8.9% |
| Amounts payable after more than one year | 17 | €4,070 | €0 | -€4,070 | -100% |
| Financial debts | 170/4 | €4,070 | €0 | -€4,070 | -100% |
| Amounts payable within one year | 42/48 | €20,656 | €26,769 | +€6,113 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €9,525 | €4,070 | -€5,455 | -57.3% |
| Trade debts | 44 | €327 | €14,864 | +€14,537 | +4,452% |
| Suppliers | 440/4 | €327 | €14,864 | +€14,537 | +4,452% |
| Taxes, remuneration and social security | 45 | €6,716 | €4,089 | -€2,626 | -39.1% |
| Taxes | 450/3 | €6,716 | €4,089 | -€2,626 | -39.1% |
| Other amounts payable | 47/48 | €4,089 | €3,746 | -€343 | -8.4% |
| Accrued charges and deferred income | 492/3 | €707 | €933 | +€226 | +32.0% |
| Non-recurring operating income | 76A | €19,544 | €0 | -€19,544 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,657 | €15,094 | +€5,437 | +56.3% |
| Other operating charges | 640/8 | €1,088 | €1,309 | +€221 | +20.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,658 | €15,232 | -€22,426 | -59.6% |
| Operating profit (loss) | 9901 | €26,913 | -€1,171 | -€28,084 | |
| Financial income | 75/76B | €47 | €743 | +€696 | +1,473% |
| Recurring financial income | 75 | €47 | €743 | +€696 | +1,473% |
| Financial charges | 65/66B | €943 | €486 | -€458 | -48.5% |
| Recurring financial charges | 65 | €943 | €486 | -€458 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €26,017 | -€913 | -€26,931 | |
| Income taxes | 67/77 | €7,592 | €130 | -€7,462 | -98.3% |
| Profit (loss) for the period | 9904 | €18,425 | -€1,043 | -€19,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,425 | -€1,043 | -€19,468 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.