FLO-W: 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.
FLO-W
Largest movements
- Receivables within one year +€33,166
up €33,166 (+143%), from €23,127 to €56,292
of which Trade receivables: +€43,091
- Stocks and contracts +€5,772
up €5,772 (+72.2%), from €8,000 to €13,772
- Deferred charges and accrued income +€4,869
up €4,869 (+42.0%), from €11,590 to €16,459
- Intangible fixed assets -€2,603
down €2,603 (-34.2%), from €7,605 to €5,002
- Cash +€1,862
up €1,862 (+269%), from €693 to €2,555
mainly Net result for the year (+€29,428) and Tax, wage and social debts (+€11,775)
- Profit (loss) carried forward +€29,428
up €29,428 (+33.5%), from -€87,842 to -€58,414
- Debts after one year -€14,762
down €14,762 (-20.7%), from €71,475 to €56,713
- Tax, wage and social debts +€11,775
up €11,775 (+351%), from €3,359 to €15,134
of which Taxes: +€7,975
- Other debts +€8,483
up €8,483 (+62.7%), from €13,532 to €22,016
- Short-term financial debts +€5,667
up €5,667 (+31.5%), from €17,963 to €23,630
- Gross operating margin +€101,778
up €101,778, from -€57,051 to €44,727
- Staff costs -€11,830
down €11,830 (-64.5%), from €18,338 to €6,508
- Taxes -€3,862
down €3,862, from €148 to -€3,714
- Other operating charges +€2,401
up €2,401 (+278%), from €862 to €3,264
- Financial charges +€2,143
up €2,143 (+49.0%), from €4,373 to €6,517
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 | €52,546 | €95,160 | +€42,615 | +81.1% |
| Fixed assets | 21/28 | €9,136 | €6,082 | -€3,054 | -33.4% |
| Intangible fixed assets | 21 | €7,605 | €5,002 | -€2,603 | -34.2% |
| Tangible fixed assets | 22/27 | €531 | €1,080 | +€549 | +103% |
| Plant, machinery and equipment | 23 | - | €1,042 | +€1,042 | |
| Furniture and vehicles | 24 | €531 | €38 | -€493 | -92.8% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €43,410 | €89,078 | +€45,668 | +105% |
| Stocks and contracts in progress | 3 | €8,000 | €13,772 | +€5,772 | +72.2% |
| Stocks | 30/36 | €8,000 | €13,772 | +€5,772 | +72.2% |
| Amounts receivable within one year | 40/41 | €23,127 | €56,292 | +€33,166 | +143% |
| Trade receivables | 40 | €12,794 | €55,885 | +€43,091 | +337% |
| Other amounts receivable | 41 | €10,332 | €407 | -€9,925 | -96.1% |
| Cash at bank and in hand | 54/58 | €693 | €2,555 | +€1,862 | +269% |
| Deferred charges and accrued income | 490/1 | €11,590 | €16,459 | +€4,869 | +42.0% |
| Total equity and liabilities | 10/49 | €52,546 | €95,160 | +€42,615 | +81.1% |
| Equity | 10/15 | -€67,642 | -€38,214 | +€29,428 | +43.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Tax-exempt reserves | 132 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,842 | -€58,414 | +€29,428 | +33.5% |
| Amounts payable | 17/49 | €120,188 | €133,374 | +€13,187 | +11.0% |
| Amounts payable after more than one year | 17 | €71,475 | €56,713 | -€14,762 | -20.7% |
| Financial debts | 170/4 | €71,475 | €56,713 | -€14,762 | -20.7% |
| Amounts payable within one year | 42/48 | €48,713 | €76,662 | +€27,949 | +57.4% |
| Financial debts | 43 | €17,963 | €23,630 | +€5,667 | +31.5% |
| Other loans | 439 | €17,963 | €23,630 | +€5,667 | +31.5% |
| Trade debts | 44 | €13,859 | €15,882 | +€2,024 | +14.6% |
| Suppliers | 440/4 | €13,859 | €15,882 | +€2,024 | +14.6% |
| Taxes, remuneration and social security | 45 | €3,359 | €15,134 | +€11,775 | +351% |
| Taxes | 450/3 | €2,645 | €10,620 | +€7,975 | +302% |
| Remuneration and social security | 454/9 | €714 | €4,514 | +€3,800 | +532% |
| Other amounts payable | 47/48 | €13,532 | €22,016 | +€8,483 | +62.7% |
| Remuneration, social security and pensions | 62 | €18,338 | €6,508 | -€11,830 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,096 | €3,304 | +€208 | +6.7% |
| Other operating charges | 640/8 | €862 | €3,264 | +€2,401 | +278% |
| Gross operating margin | 9900 | -€57,051 | €44,727 | +€101,778 | |
| Operating profit (loss) | 9901 | -€79,347 | €31,652 | +€110,999 | |
| Financial income | 75/76B | €749 | €578 | -€170 | -22.7% |
| Recurring financial income | 75 | €749 | €578 | -€170 | -22.7% |
| Financial charges | 65/66B | €4,373 | €6,517 | +€2,143 | +49.0% |
| Recurring financial charges | 65 | €4,373 | €6,517 | +€2,143 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€82,972 | €25,714 | +€108,685 | |
| Income taxes | 67/77 | €148 | -€3,714 | -€3,862 | |
| Profit (loss) for the period | 9904 | -€83,120 | €29,428 | +€112,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,120 | €29,428 | +€112,548 |
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 17 October 2026 via checked.be.