Euro-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.
Euro-Flow
Largest movements
- Tangible fixed assets -€16,035
down €16,035 (-28.4%), from €56,375 to €40,340
- Receivables within one year +€6,876
up €6,876 (+4.5%), from €153,315 to €160,190
of which Trade receivables: +€7,685
- Intangible fixed assets -€2,500
down €2,500 (-17.4%), from €14,335 to €11,835
- Other debts +€46,145
new in 2025: €46,145
- Short-term financial debts -€40,963
down €40,963 (-100%), from €40,963 to €0
- Trade debts -€14,709
down €14,709 (-36.4%), from €40,425 to €25,716
- Tax, wage and social debts -€11,370
down €11,370 (-28.8%), from €39,510 to €28,140
- Profit (loss) carried forward +€7,085
up €7,085 (+25.8%), from -€27,449 to -€20,365
- Gross operating margin +€67,604
up €67,604, from -€34,193 to €33,412
- Other operating charges -€733
down €733 (-12.5%), from €5,867 to €5,134
- Financial charges +€663
up €663 (+66.5%), from €997 to €1,660
- Taxes +€348
up €348 (+53.6%), from €650 to €998
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 | €232,383 | €218,571 | -€13,812 | -5.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €70,711 | €52,176 | -€18,535 | -26.2% |
| Intangible fixed assets | 21 | €14,335 | €11,835 | -€2,500 | -17.4% |
| Tangible fixed assets | 22/27 | €56,375 | €40,340 | -€16,035 | -28.4% |
| Furniture and vehicles | 24 | €56,375 | €40,340 | -€16,035 | -28.4% |
| Current assets | 29/58 | €161,673 | €166,396 | +€4,723 | +2.9% |
| Amounts receivable within one year | 40/41 | €153,315 | €160,190 | +€6,876 | +4.5% |
| Trade receivables | 40 | €152,506 | €160,190 | +€7,685 | +5.0% |
| Other amounts receivable | 41 | €809 | €0 | -€809 | -100% |
| Cash at bank and in hand | 54/58 | €8,108 | €6,205 | -€1,903 | -23.5% |
| Deferred charges and accrued income | 490/1 | €250 | €0 | -€250 | -100% |
| Total equity and liabilities | 10/49 | €232,383 | €218,571 | -€13,812 | -5.9% |
| Equity | 10/15 | -€17,449 | -€10,365 | +€7,085 | +40.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,449 | -€20,365 | +€7,085 | +25.8% |
| Amounts payable | 17/49 | €249,833 | €228,936 | -€20,897 | -8.4% |
| Amounts payable within one year | 42/48 | €249,833 | €228,936 | -€20,897 | -8.4% |
| Financial debts | 43 | €40,963 | €0 | -€40,963 | -100% |
| Other loans | 439 | €40,963 | €0 | -€40,963 | -100% |
| Trade debts | 44 | €40,425 | €25,716 | -€14,709 | -36.4% |
| Suppliers | 440/4 | €40,425 | €25,716 | -€14,709 | -36.4% |
| Advances received on contracts in progress | 46 | €128,935 | €128,935 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,510 | €28,140 | -€11,370 | -28.8% |
| Taxes | 450/3 | €39,510 | €28,140 | -€11,370 | -28.8% |
| Other amounts payable | 47/48 | - | €46,145 | +€46,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,535 | €18,535 | = | 0.0% |
| Other operating charges | 640/8 | €5,867 | €5,134 | -€733 | -12.5% |
| Gross operating margin | 9900 | -€34,193 | €33,412 | +€67,604 | |
| Operating profit (loss) | 9901 | -€58,595 | €9,742 | +€68,337 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.2% |
| Financial charges | 65/66B | €997 | €1,660 | +€663 | +66.5% |
| Recurring financial charges | 65 | €997 | €1,660 | +€663 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | -€59,591 | €8,083 | +€67,673 | |
| Income taxes | 67/77 | €650 | €998 | +€348 | +53.6% |
| Profit (loss) for the period | 9904 | -€60,240 | €7,085 | +€67,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,240 | €7,085 | +€67,325 |
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 23 October 2026 via checked.be.