FLOW: 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.
FLOW
Largest movements
- Stocks and contracts -€10,877
down €10,877 (-100.0%), from €10,877 to €0
- Cash -€7,366
down €7,366 (-23.7%), from €31,070 to €23,704
mainly Advances received (-€38,796) and Trade debts (-€21,155)
- Tangible fixed assets -€3,327
down €3,327 (-34.7%), from €9,584 to €6,256
of which Plant, machinery and equipment: -€2,708
- Receivables within one year -€1,416
down €1,416 (-4.4%), from €32,280 to €30,865
of which Trade receivables: -€1,141
- Advances received -€38,796
down €38,796 (-100.0%), from €38,796 to €0
- Profit (loss) carried forward +€36,925
up €36,925, from -€9,181 to €27,744
- Trade debts -€21,155
down €21,155 (-47.9%), from €44,190 to €23,034
- Gross operating margin +€113,826
up €113,826, from -€71,679 to €42,147
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 | €86,831 | €63,875 | -€22,957 | -26.4% |
| Fixed assets | 21/28 | €9,584 | €6,256 | -€3,327 | -34.7% |
| Tangible fixed assets | 22/27 | €9,584 | €6,256 | -€3,327 | -34.7% |
| Plant, machinery and equipment | 23 | €8,964 | €6,256 | -€2,708 | -30.2% |
| Furniture and vehicles | 24 | €619 | €0 | -€619 | -100.0% |
| Current assets | 29/58 | €77,248 | €57,618 | -€19,629 | -25.4% |
| Stocks and contracts in progress | 3 | €10,877 | €0 | -€10,877 | -100.0% |
| Stocks | 30/36 | €10,877 | €0 | -€10,877 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,280 | €30,865 | -€1,416 | -4.4% |
| Trade receivables | 40 | €26,427 | €25,285 | -€1,141 | -4.3% |
| Other amounts receivable | 41 | €5,854 | €5,580 | -€274 | -4.7% |
| Cash at bank and in hand | 54/58 | €31,070 | €23,704 | -€7,366 | -23.7% |
| Deferred charges and accrued income | 490/1 | €3,020 | €3,050 | +€30 | +1.0% |
| Total equity and liabilities | 10/49 | €86,831 | €63,875 | -€22,957 | -26.4% |
| Equity | 10/15 | €2,819 | €39,744 | +€36,925 | +1309.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€9,181 | €27,744 | +€36,925 | |
| Amounts payable | 17/49 | €84,012 | €24,131 | -€59,881 | -71.3% |
| Amounts payable within one year | 42/48 | €84,004 | €24,131 | -€59,873 | -71.3% |
| Trade debts | 44 | €44,190 | €23,034 | -€21,155 | -47.9% |
| Suppliers | 440/4 | €44,190 | €23,034 | -€21,155 | -47.9% |
| Advances received on contracts in progress | 46 | €38,796 | €0 | -€38,796 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,018 | €1,097 | +€79 | +7.7% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,506 | €4,352 | -€154 | -3.4% |
| Other operating charges | 640/8 | €592 | €647 | +€55 | +9.3% |
| Gross operating margin | 9900 | -€71,679 | €42,147 | +€113,826 | |
| Operating profit (loss) | 9901 | -€76,777 | €37,148 | +€113,925 | |
| Financial income | 75/76B | €16 | €19 | +€2 | +14.4% |
| Recurring financial income | 75 | €16 | €19 | +€2 | +14.4% |
| Financial charges | 65/66B | €110 | €242 | +€131 | +119.1% |
| Recurring financial charges | 65 | €110 | €242 | +€131 | +119.1% |
| Profit (loss) for the period before taxes | 9903 | -€76,871 | €36,925 | +€113,796 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€76,871 | €36,925 | +€113,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,871 | €36,925 | +€113,796 |
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 8 October 2026 via checked.be.