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.
FLOW
Largest movements
- Current investments -€125,000
down €125,000 (-25.0%), from €500,000 to €375,000
- Cash +€80,506
up €80,506 (+24.2%), from €332,370 to €412,875
mainly Net result for the year (+€314,004) and Current investments (+€125,000)
- Receivables within one year -€34,226
down €34,226 (-7.2%), from €473,095 to €438,869
of which Trade receivables: -€38,812
- Tangible fixed assets -€26,919
down €26,919 (-36.1%), from €74,520 to €47,602
of which Furniture and vehicles: -€15,885
- Reserves -€168,049
down €168,049 (-22.0%), from €764,809 to €596,760
- Other debts +€51,000
up €51,000 (+25.2%), from €202,500 to €253,500
- Gross operating margin +€260,510
up €260,510 (+13.0%), from €2.0m to €2.3m
- Staff costs +€212,443
up €212,443 (+12.7%), from €1.7m to €1.9m
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 | €1,390,805 | €1,278,733 | -€112,073 | -8.1% |
| Fixed assets | 21/28 | €77,514 | €48,883 | -€28,630 | -36.9% |
| Intangible fixed assets | 21 | €1,717 | - | -€1,717 | |
| Tangible fixed assets | 22/27 | €74,520 | €47,602 | -€26,919 | -36.1% |
| Plant, machinery and equipment | 23 | €5,779 | €4,420 | -€1,360 | -23.5% |
| Furniture and vehicles | 24 | €59,067 | €43,182 | -€15,885 | -26.9% |
| Other tangible fixed assets | 26 | €9,674 | - | -€9,674 | |
| Financial fixed assets | 28 | €1,276 | €1,282 | +€5 | +0.4% |
| Current assets | 29/58 | €1,313,292 | €1,229,849 | -€83,442 | -6.4% |
| Amounts receivable within one year | 40/41 | €473,095 | €438,869 | -€34,226 | -7.2% |
| Trade receivables | 40 | €471,247 | €432,435 | -€38,812 | -8.2% |
| Other amounts receivable | 41 | €1,847 | €6,434 | +€4,587 | +248.3% |
| Current investments | 50/53 | €500,000 | €375,000 | -€125,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €332,370 | €412,875 | +€80,506 | +24.2% |
| Deferred charges and accrued income | 490/1 | €7,827 | €3,105 | -€4,722 | -60.3% |
| Total equity and liabilities | 10/49 | €1,390,805 | €1,278,733 | -€112,073 | -8.1% |
| Equity | 10/15 | €795,309 | €627,260 | -€168,049 | -21.1% |
| Contributions | 10/11 | €30,500 | €30,500 | = | 0.0% |
| Reserves | 13 | €764,809 | €596,760 | -€168,049 | -22.0% |
| Distributable reserves | 133 | €764,809 | €596,760 | -€168,049 | -22.0% |
| Amounts payable | 17/49 | €595,496 | €651,472 | +€55,977 | +9.4% |
| Amounts payable within one year | 42/48 | €595,496 | €651,472 | +€55,977 | +9.4% |
| Trade debts | 44 | €68,697 | €77,213 | +€8,517 | +12.4% |
| Suppliers | 440/4 | €68,697 | €77,213 | +€8,517 | +12.4% |
| Taxes, remuneration and social security | 45 | €324,299 | €320,759 | -€3,540 | -1.1% |
| Taxes | 450/3 | €87,083 | €84,227 | -€2,857 | -3.3% |
| Remuneration and social security | 454/9 | €237,216 | €236,533 | -€683 | -0.3% |
| Other amounts payable | 47/48 | €202,500 | €253,500 | +€51,000 | +25.2% |
| Remuneration, social security and pensions | 62 | €1,669,765 | €1,882,209 | +€212,443 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,067 | €36,784 | +€717 | +2.0% |
| Other operating charges | 640/8 | €2,931 | €3,027 | +€96 | +3.3% |
| Gross operating margin | 9900 | €2,003,639 | €2,264,149 | +€260,510 | +13.0% |
| Operating profit (loss) | 9901 | €294,876 | €342,129 | +€47,253 | +16.0% |
| Financial income | 75/76B | €11,513 | €14,657 | +€3,144 | +27.3% |
| Recurring financial income | 75 | €11,513 | €14,657 | +€3,144 | +27.3% |
| Financial charges | 65/66B | €286 | €2,020 | +€1,734 | +607.5% |
| Recurring financial charges | 65 | €286 | €2,020 | +€1,734 | +607.5% |
| Profit (loss) for the period before taxes | 9903 | €306,103 | €354,766 | +€48,663 | +15.9% |
| Income taxes | 67/77 | €40,930 | €40,762 | -€168 | -0.4% |
| Profit (loss) for the period | 9904 | €265,173 | €314,004 | +€48,831 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €265,173 | €314,004 | +€48,831 | +18.4% |
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 11 October 2026 via checked.be.