FLOW INVEST: 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 INVEST
Largest movements
- Stocks and contracts -€295,307
down €295,307 (-66.5%), from €444,353 to €149,047
- Receivables within one year +€125,336
up €125,336 (+66.2%), from €189,250 to €314,586
of which Other amounts receivable: +€106,017
- Cash +€7,701
up €7,701 (+34.4%), from €22,414 to €30,115
mainly Stocks and contracts (+€295,307) and Debts after one year (+€38,360)
- Current portion of long-term debt -€128,272
down €128,272 (-59.7%), from €215,000 to €86,728
- Profit (loss) carried forward -€66,824
down €66,824 (-77.6%), from €86,071 to €19,247
- Debts after one year +€38,360
up €38,360 (+17.0%), from €225,000 to €263,360
- Other debts -€17,225
down €17,225 (-19.1%), from €90,269 to €73,045
- Gross operating margin -€98,655
down €98,655, from €71,440 to -€27,215
- Taxes -€15,693
down €15,693, from €7,263 to -€8,430
- Financial charges +€6,509
up €6,509 (+20.1%), from €32,461 to €38,970
- Other operating charges +€3,922
up €3,922 (+94.6%), from €4,147 to €8,069
- Financial income +€1,379
up €1,379 (+4,376%), from €32 to €1,410
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 | €662,957 | €498,664 | -€164,293 | -24.8% |
| Fixed assets | 21/28 | €6,785 | €4,375 | -€2,410 | -35.5% |
| Intangible fixed assets | 21 | €6,682 | €4,375 | -€2,308 | -34.5% |
| Tangible fixed assets | 22/27 | €102 | - | -€102 | |
| Furniture and vehicles | 24 | €102 | - | -€102 | |
| Current assets | 29/58 | €656,173 | €494,289 | -€161,884 | -24.7% |
| Stocks and contracts in progress | 3 | €444,353 | €149,047 | -€295,307 | -66.5% |
| Stocks | 30/36 | €444,353 | €149,047 | -€295,307 | -66.5% |
| Amounts receivable within one year | 40/41 | €189,250 | €314,586 | +€125,336 | +66.2% |
| Trade receivables | 40 | €10,111 | €29,430 | +€19,319 | +191% |
| Other amounts receivable | 41 | €179,138 | €285,156 | +€106,017 | +59.2% |
| Cash at bank and in hand | 54/58 | €22,414 | €30,115 | +€7,701 | +34.4% |
| Deferred charges and accrued income | 490/1 | €155 | €541 | +€386 | +249% |
| Total equity and liabilities | 10/49 | €662,957 | €498,664 | -€164,293 | -24.8% |
| Equity | 10/15 | €89,071 | €22,247 | -€66,824 | -75.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,071 | €19,247 | -€66,824 | -77.6% |
| Amounts payable | 17/49 | €573,886 | €476,417 | -€97,469 | -17.0% |
| Amounts payable after more than one year | 17 | €225,000 | €263,360 | +€38,360 | +17.0% |
| Financial debts | 170/4 | €225,000 | €263,360 | +€38,360 | +17.0% |
| Amounts payable within one year | 42/48 | €348,886 | €213,057 | -€135,829 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €215,000 | €86,728 | -€128,272 | -59.7% |
| Trade debts | 44 | €15,187 | €19,657 | +€4,470 | +29.4% |
| Suppliers | 440/4 | €15,187 | €19,657 | +€4,470 | +29.4% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,430 | €13,627 | +€5,197 | +61.6% |
| Taxes | 450/3 | €8,430 | €13,627 | +€5,197 | +61.6% |
| Other amounts payable | 47/48 | €90,269 | €73,045 | -€17,225 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,920 | €2,410 | -€510 | -17.5% |
| Other operating charges | 640/8 | €4,147 | €8,069 | +€3,922 | +94.6% |
| Gross operating margin | 9900 | €71,440 | -€27,215 | -€98,655 | |
| Operating profit (loss) | 9901 | €64,373 | -€37,695 | -€102,067 | |
| Financial income | 75/76B | €32 | €1,410 | +€1,379 | +4,376% |
| Recurring financial income | 75 | €32 | €1,410 | +€1,379 | +4,376% |
| Financial charges | 65/66B | €32,461 | €38,970 | +€6,509 | +20.1% |
| Recurring financial charges | 65 | €32,461 | €38,970 | +€6,509 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €31,943 | -€75,254 | -€107,197 | |
| Income taxes | 67/77 | €7,263 | -€8,430 | -€15,693 | |
| Profit (loss) for the period | 9904 | €24,680 | -€66,824 | -€91,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,680 | -€66,824 | -€91,504 |
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 21 October 2026 via checked.be.