EXFLOW: 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.
EXFLOW
Largest movements
- Receivables within one year +€20,529
up €20,529 (+39.8%), from €51,543 to €72,073
of which Trade receivables: +€21,620
- Cash -€5,435
down €5,435 (-32.5%), from €16,741 to €11,306
mainly Contributions, distributions and other (-€78,027) and Receivables within one year (-€20,529)
- Tangible fixed assets -€974
down €974 (-27.0%), from €3,608 to €2,633
of which Plant, machinery and equipment: -€799
- Other debts +€63,697
new in 2025: €63,697
- Profit (loss) carried forward -€46,036
down €46,036 (-100.0%), from €46,036 to €0
- Trade debts -€15,702
down €15,702 (-94.9%), from €16,552 to €849
- Tax, wage and social debts +€11,975
up €11,975 (+162.1%), from €7,387 to €19,362
of which Taxes: +€10,355
- Gross operating margin +€60,359
up €60,359, from -€16,763 to €43,597
- Taxes +€5,443
up €5,443 (+2736.6%), from €199 to €5,642
- Other operating charges +€586
up €586 (+47.2%), from €1,242 to €1,827
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 | €72,975 | €86,909 | +€13,934 | +19.1% |
| Fixed assets | 21/28 | €3,608 | €2,633 | -€974 | -27.0% |
| Tangible fixed assets | 22/27 | €3,608 | €2,633 | -€974 | -27.0% |
| Plant, machinery and equipment | 23 | €3,432 | €2,633 | -€799 | -23.3% |
| Furniture and vehicles | 24 | €175 | €0 | -€175 | -100.0% |
| Current assets | 29/58 | €69,367 | €84,275 | +€14,908 | +21.5% |
| Amounts receivable within one year | 40/41 | €51,543 | €72,073 | +€20,529 | +39.8% |
| Trade receivables | 40 | €47,916 | €69,536 | +€21,620 | +45.1% |
| Other amounts receivable | 41 | €3,627 | €2,537 | -€1,090 | -30.1% |
| Cash at bank and in hand | 54/58 | €16,741 | €11,306 | -€5,435 | -32.5% |
| Deferred charges and accrued income | 490/1 | €1,083 | €896 | -€186 | -17.2% |
| Total equity and liabilities | 10/49 | €72,975 | €86,909 | +€13,934 | +19.1% |
| Equity | 10/15 | €49,036 | €3,000 | -€46,036 | -93.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,036 | €0 | -€46,036 | -100.0% |
| Amounts payable | 17/49 | €23,939 | €83,909 | +€59,970 | +250.5% |
| Amounts payable within one year | 42/48 | €23,939 | €83,909 | +€59,970 | +250.5% |
| Trade debts | 44 | €16,552 | €849 | -€15,702 | -94.9% |
| Suppliers | 440/4 | €16,552 | €849 | -€15,702 | -94.9% |
| Taxes, remuneration and social security | 45 | €7,387 | €19,362 | +€11,975 | +162.1% |
| Taxes | 450/3 | €7,387 | €17,742 | +€10,355 | +140.2% |
| Remuneration and social security | 454/9 | €0 | €1,620 | +€1,620 | |
| Other amounts payable | 47/48 | - | €63,697 | +€63,697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €974 | +€79 | +8.8% |
| Other operating charges | 640/8 | €1,242 | €1,827 | +€586 | +47.2% |
| Gross operating margin | 9900 | -€16,763 | €43,597 | +€60,359 | |
| Operating profit (loss) | 9901 | -€18,899 | €40,795 | +€59,694 | |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €3,023 | €3,167 | +€144 | +4.8% |
| Recurring financial charges | 65 | €3,023 | €3,167 | +€144 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,922 | €37,632 | +€59,554 | |
| Income taxes | 67/77 | €199 | €5,642 | +€5,443 | +2736.6% |
| Profit (loss) for the period | 9904 | -€22,121 | €31,991 | +€54,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,121 | €31,991 | +€54,112 |
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 5 October 2026 via checked.be.