Even 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.
Even Flow
Largest movements
- Cash -€20,903
down €20,903 (-18.5%), from €112,807 to €91,904
mainly Contributions, distributions and other (-€112,986) and Receivables within one year (-€13,307)
- Receivables within one year +€13,307
up €13,307 (+50.6%), from €26,314 to €39,621
of which Other amounts receivable: +€10,825
- Deferred charges and accrued income -€3,411
down €3,411 (-27.1%), from €12,572 to €9,161
- Tangible fixed assets +€2,865
new in 2025: €2,865
of which Other tangible fixed assets: +€1,769
- Other debts -€12,453
down €12,453 (-9.9%), from €125,439 to €112,986
- Tax, wage and social debts +€5,989
up €5,989 (+30.6%), from €19,578 to €25,567
of which Taxes: +€5,989
- Accrued charges and deferred income -€1,533
down €1,533 (-86.0%), from €1,783 to €250
- Gross operating margin -€22,324
down €22,324 (-13.0%), from €171,439 to €149,115
- Other operating charges -€8,369
down €8,369 (-92.2%), from €9,080 to €711
- Taxes -€3,584
down €3,584 (-9.8%), from €36,410 to €32,826
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 | €151,843 | €144,282 | -€7,560 | -5.0% |
| Fixed assets | 21/28 | €150 | €3,015 | +€2,865 | +1909.7% |
| Tangible fixed assets | 22/27 | - | €2,865 | +€2,865 | |
| Plant, machinery and equipment | 23 | - | €1,095 | +€1,095 | |
| Other tangible fixed assets | 26 | - | €1,769 | +€1,769 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €151,693 | €141,268 | -€10,425 | -6.9% |
| Stocks and contracts in progress | 3 | - | €582 | +€582 | |
| Stocks | 30/36 | - | €582 | +€582 | |
| Amounts receivable within one year | 40/41 | €26,314 | €39,621 | +€13,307 | +50.6% |
| Trade receivables | 40 | €15,110 | €17,593 | +€2,482 | +16.4% |
| Other amounts receivable | 41 | €11,203 | €22,028 | +€10,825 | +96.6% |
| Cash at bank and in hand | 54/58 | €112,807 | €91,904 | -€20,903 | -18.5% |
| Deferred charges and accrued income | 490/1 | €12,572 | €9,161 | -€3,411 | -27.1% |
| Total equity and liabilities | 10/49 | €151,843 | €144,282 | -€7,560 | -5.0% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €150,843 | €143,282 | -€7,560 | -5.0% |
| Amounts payable within one year | 42/48 | €149,060 | €143,032 | -€6,028 | -4.0% |
| Financial debts | 43 | - | €406 | +€406 | |
| Credit institutions | 430/8 | - | €406 | +€406 | |
| Trade debts | 44 | €4,043 | €4,073 | +€30 | +0.7% |
| Suppliers | 440/4 | €4,043 | €4,073 | +€30 | +0.7% |
| Taxes, remuneration and social security | 45 | €19,578 | €25,567 | +€5,989 | +30.6% |
| Taxes | 450/3 | €17,533 | €23,522 | +€5,989 | +34.2% |
| Remuneration and social security | 454/9 | €2,045 | €2,045 | = | 0.0% |
| Other amounts payable | 47/48 | €125,439 | €112,986 | -€12,453 | -9.9% |
| Accrued charges and deferred income | 492/3 | €1,783 | €250 | -€1,533 | -86.0% |
| Non-recurring operating income | 76A | - | €76 | +€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €354 | +€354 | |
| Other operating charges | 640/8 | €9,080 | €711 | -€8,369 | -92.2% |
| Non-recurring operating charges | 66A | €183 | €133 | -€51 | -27.6% |
| Gross operating margin | 9900 | €171,439 | €149,115 | -€22,324 | -13.0% |
| Operating profit (loss) | 9901 | €162,176 | €147,918 | -€14,258 | -8.8% |
| Financial income | 75/76B | €1,251 | €462 | -€789 | -63.1% |
| Recurring financial income | 75 | €1,251 | €462 | -€789 | -63.1% |
| Financial charges | 65/66B | €1,579 | €2,569 | +€990 | +62.7% |
| Recurring financial charges | 65 | €1,579 | €2,569 | +€990 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €161,848 | €145,811 | -€16,037 | -9.9% |
| Income taxes | 67/77 | €36,410 | €32,826 | -€3,584 | -9.8% |
| Profit (loss) for the period | 9904 | €125,439 | €112,986 | -€12,453 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,439 | €112,986 | -€12,453 | -9.9% |
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 12 October 2026 via checked.be.