Flow 120: 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 120
Largest movements
- Cash -€77,041
down €77,041 (-47.2%), from €163,241 to €86,200
mainly Contributions, distributions and other (-€118,372) and Other debts (-€101,623)
- Receivables within one year +€24,655
up €24,655 (+64.7%), from €38,093 to €62,747
of which Other amounts receivable: +€34,064
- Tangible fixed assets -€16,818
down €16,818 (-24.1%), from €69,893 to €53,076
of which Furniture and vehicles: -€16,551
- Other debts -€101,623
down €101,623 (-44.6%), from €227,643 to €126,020
- Debts after one year +€32,991
new in 2025: €32,991
- Current portion of long-term debt +€10,893
up €10,893, from €0 to €10,893
- Tax, wage and social debts -€8,500
down €8,500 (-91.4%), from €9,300 to €800
- Gross operating margin -€23,198
down €23,198 (-11.4%), from €204,242 to €181,044
- Depreciation +€17,187
up €17,187 (+1642.0%), from €1,047 to €18,234
- Taxes -€12,809
down €12,809 (-23.6%), from €54,274 to €41,465
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 | €271,526 | €202,075 | -€69,451 | -25.6% |
| Fixed assets | 21/28 | €69,893 | €53,076 | -€16,818 | -24.1% |
| Tangible fixed assets | 22/27 | €69,893 | €53,076 | -€16,818 | -24.1% |
| Plant, machinery and equipment | 23 | €296 | €29 | -€266 | -90.1% |
| Furniture and vehicles | 24 | €69,598 | €53,046 | -€16,551 | -23.8% |
| Current assets | 29/58 | €201,633 | €148,999 | -€52,633 | -26.1% |
| Amounts receivable within one year | 40/41 | €38,093 | €62,747 | +€24,655 | +64.7% |
| Trade receivables | 40 | €23,056 | €13,646 | -€9,410 | -40.8% |
| Other amounts receivable | 41 | €15,037 | €49,101 | +€34,064 | +226.5% |
| Cash at bank and in hand | 54/58 | €163,241 | €86,200 | -€77,041 | -47.2% |
| Deferred charges and accrued income | 490/1 | €299 | €52 | -€247 | -82.7% |
| Total equity and liabilities | 10/49 | €271,526 | €202,075 | -€69,451 | -25.6% |
| Equity | 10/15 | €30,000 | €30,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €241,526 | €172,075 | -€69,451 | -28.8% |
| Amounts payable after more than one year | 17 | - | €32,991 | +€32,991 | |
| Financial debts | 170/4 | - | €32,991 | +€32,991 | |
| Amounts payable within one year | 42/48 | €239,837 | €138,684 | -€101,152 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,893 | +€10,893 | |
| Trade debts | 44 | €2,893 | €971 | -€1,922 | -66.4% |
| Suppliers | 440/4 | €2,893 | €971 | -€1,922 | -66.4% |
| Taxes, remuneration and social security | 45 | €9,300 | €800 | -€8,500 | -91.4% |
| Taxes | 450/3 | €9,300 | €800 | -€8,500 | -91.4% |
| Other amounts payable | 47/48 | €227,643 | €126,020 | -€101,623 | -44.6% |
| Accrued charges and deferred income | 492/3 | €1,689 | €400 | -€1,290 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €18,234 | +€17,187 | +1642.0% |
| Other operating charges | 640/8 | €914 | €858 | -€56 | -6.2% |
| Gross operating margin | 9900 | €204,242 | €181,044 | -€23,198 | -11.4% |
| Operating profit (loss) | 9901 | €202,281 | €161,953 | -€40,328 | -19.9% |
| Financial income | 75/76B | €11 | €13 | +€1 | +11.6% |
| Recurring financial income | 75 | €11 | €13 | +€1 | +11.6% |
| Financial charges | 65/66B | €1,710 | €2,128 | +€419 | +24.5% |
| Recurring financial charges | 65 | €1,710 | €2,128 | +€419 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €200,583 | €159,837 | -€40,746 | -20.3% |
| Income taxes | 67/77 | €54,274 | €41,465 | -€12,809 | -23.6% |
| Profit (loss) for the period | 9904 | €146,309 | €118,372 | -€27,936 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,309 | €118,372 | -€27,936 | -19.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.