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
- Cash +€52,113
up €52,113 (+428.7%), from €12,156 to €64,270
mainly Trade debts (+€25,535) and Investment in fixed assets (net) (+€22,034)
- Tangible fixed assets -€22,207
down €22,207 (-77.8%), from €28,560 to €6,354
- Deferred charges and accrued income +€13,684
up €13,684 (+1792.7%), from €763 to €14,447
- Receivables within one year -€2,619
down €2,619 (-55.0%), from €4,766 to €2,147
- Trade debts +€25,535
up €25,535 (+27932.0%), from €91 to €25,627
- Reserves +€18,794
up €18,794 (+463.3%), from €4,057 to €22,851
- Other debts -€6,015
down €6,015 (-26.8%), from €22,424 to €16,409
- Tax, wage and social debts +€5,551
up €5,551 (+228.4%), from €2,430 to €7,982
- Debts after one year -€3,410
down €3,410 (-65.9%), from €5,176 to €1,766
- Gross operating margin +€17,518
up €17,518 (+195.1%), from €8,979 to €26,497
- Taxes +€4,504
up €4,504 (+830.9%), from €542 to €5,046
- Depreciation -€3,105
down €3,105 (-94.7%), from €3,278 to €173
- Other operating charges +€1,400
up €1,400 (+230.8%), from €607 to €2,006
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 | €49,477 | €90,196 | +€40,719 | +82.3% |
| Fixed assets | 21/28 | €28,560 | €6,354 | -€22,207 | -77.8% |
| Tangible fixed assets | 22/27 | €28,560 | €6,354 | -€22,207 | -77.8% |
| Furniture and vehicles | 24 | €28,560 | €6,354 | -€22,207 | -77.8% |
| Current assets | 29/58 | €20,916 | €83,842 | +€62,926 | +300.8% |
| Stocks and contracts in progress | 3 | €3,231 | €2,979 | -€252 | -7.8% |
| Stocks | 30/36 | €3,231 | €2,979 | -€252 | -7.8% |
| Amounts receivable within one year | 40/41 | €4,766 | €2,147 | -€2,619 | -55.0% |
| Trade receivables | 40 | €4,766 | €2,147 | -€2,619 | -55.0% |
| Cash at bank and in hand | 54/58 | €12,156 | €64,270 | +€52,113 | +428.7% |
| Deferred charges and accrued income | 490/1 | €763 | €14,447 | +€13,684 | +1792.7% |
| Total equity and liabilities | 10/49 | €49,477 | €90,196 | +€40,719 | +82.3% |
| Equity | 10/15 | €7,057 | €25,851 | +€18,794 | +266.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,057 | €22,851 | +€18,794 | +463.3% |
| Distributable reserves | 133 | €4,057 | €22,851 | +€18,794 | +463.3% |
| Amounts payable | 17/49 | €42,420 | €64,345 | +€21,926 | +51.7% |
| Amounts payable after more than one year | 17 | €5,176 | €1,766 | -€3,410 | -65.9% |
| Financial debts | 170/4 | €5,176 | €1,766 | -€3,410 | -65.9% |
| Amounts payable within one year | 42/48 | €28,200 | €53,428 | +€25,228 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €3,254 | €3,410 | +€156 | +4.8% |
| Trade debts | 44 | €91 | €25,627 | +€25,535 | +27932.0% |
| Suppliers | 440/4 | €91 | €25,627 | +€25,535 | +27932.0% |
| Taxes, remuneration and social security | 45 | €2,430 | €7,982 | +€5,551 | +228.4% |
| Taxes | 450/3 | €2,430 | €7,982 | +€5,551 | +228.4% |
| Other amounts payable | 47/48 | €22,424 | €16,409 | -€6,015 | -26.8% |
| Accrued charges and deferred income | 492/3 | €9,044 | €9,152 | +€108 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,278 | €173 | -€3,105 | -94.7% |
| Other operating charges | 640/8 | €607 | €2,006 | +€1,400 | +230.8% |
| Gross operating margin | 9900 | €8,979 | €26,497 | +€17,518 | +195.1% |
| Operating profit (loss) | 9901 | €5,094 | €24,318 | +€19,223 | +377.3% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100.0% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100.0% |
| Financial charges | 65/66B | €511 | €478 | -€33 | -6.4% |
| Recurring financial charges | 65 | €511 | €478 | -€33 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €4,599 | €23,840 | +€19,241 | +418.4% |
| Income taxes | 67/77 | €542 | €5,046 | +€4,504 | +830.9% |
| Profit (loss) for the period | 9904 | €4,057 | €18,794 | +€14,737 | +363.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,057 | €18,794 | +€14,737 | +363.3% |
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.