FLOW IT: 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 IT
Largest movements
- Tangible fixed assets +€360,886
up €360,886 (+319%), from €113,225 to €474,111
of which Land and buildings: +€373,729
- Cash -€235,454
down €235,454 (-92.4%), from €254,726 to €19,272
mainly Investment in fixed assets (net) (-€386,808) and Net result for the year (-€161,884)
- Receivables within one year -€50,573
down €50,573 (-50.1%), from €100,934 to €50,361
of which Trade receivables: -€34,841
- Receivables after one year +€30,534
up €30,534 (+224%), from €13,619 to €44,153
- Debts after one year +€283,932
new in 2025: €283,932
- Profit (loss) carried forward -€161,884
down €161,884, from €26,102 to -€135,783
- Trade debts -€21,487
down €21,487 (-78.1%), from €27,504 to €6,017
- Current portion of long-term debt +€16,580
new in 2025: €16,580
- Tax, wage and social debts -€12,952
down €12,952 (-95.4%), from €13,578 to €626
- Gross operating margin -€119,081
down €119,081, from €40,127 to -€78,954
- Other operating charges +€40,986
up €40,986 (+4,757%), from €862 to €41,847
- Financial income -€15,608
down €15,608 (-93.6%), from €16,670 to €1,062
- Financial charges +€14,389
up €14,389 (+917%), from €1,570 to €15,959
- Taxes -€6,939
down €6,939 (-96.3%), from €7,204 to €265
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 | €525,114 | €631,258 | +€106,144 | +20.2% |
| Fixed assets | 21/28 | €153,684 | €514,571 | +€360,886 | +235% |
| Tangible fixed assets | 22/27 | €113,225 | €474,111 | +€360,886 | +319% |
| Land and buildings | 22 | €77,825 | €451,554 | +€373,729 | +480% |
| Plant, machinery and equipment | 23 | €3,812 | €2,773 | -€1,039 | -27.3% |
| Furniture and vehicles | 24 | €31,587 | €19,783 | -€11,804 | -37.4% |
| Financial fixed assets | 28 | €40,460 | €40,460 | = | 0.0% |
| Current assets | 29/58 | €371,430 | €116,688 | -€254,742 | -68.6% |
| Amounts receivable after more than one year | 29 | €13,619 | €44,153 | +€30,534 | +224% |
| Other amounts receivable | 291 | €13,619 | €44,153 | +€30,534 | +224% |
| Amounts receivable within one year | 40/41 | €100,934 | €50,361 | -€50,573 | -50.1% |
| Trade receivables | 40 | €42,784 | €7,944 | -€34,841 | -81.4% |
| Other amounts receivable | 41 | €58,150 | €42,417 | -€15,733 | -27.1% |
| Cash at bank and in hand | 54/58 | €254,726 | €19,272 | -€235,454 | -92.4% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,902 | +€751 | +34.9% |
| Total equity and liabilities | 10/49 | €525,114 | €631,258 | +€106,144 | +20.2% |
| Equity | 10/15 | €484,012 | €322,128 | -€161,884 | -33.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €451,710 | €451,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,306 | €13,306 | = | 0.0% |
| Distributable reserves | 133 | €438,405 | €438,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,102 | -€135,783 | -€161,884 | |
| Amounts payable | 17/49 | €41,102 | €309,130 | +€268,028 | +652% |
| Amounts payable after more than one year | 17 | - | €283,932 | +€283,932 | |
| Financial debts | 170/4 | - | €283,932 | +€283,932 | |
| Amounts payable within one year | 42/48 | €41,102 | €23,223 | -€17,879 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,580 | +€16,580 | |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €27,504 | €6,017 | -€21,487 | -78.1% |
| Suppliers | 440/4 | €27,504 | €6,017 | -€21,487 | -78.1% |
| Taxes, remuneration and social security | 45 | €13,578 | €626 | -€12,952 | -95.4% |
| Taxes | 450/3 | €13,578 | €626 | -€12,952 | -95.4% |
| Accrued charges and deferred income | 492/3 | - | €1,976 | +€1,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,060 | €25,921 | +€4,862 | +23.1% |
| Other operating charges | 640/8 | €862 | €41,847 | +€40,986 | +4,757% |
| Gross operating margin | 9900 | €40,127 | -€78,954 | -€119,081 | |
| Operating profit (loss) | 9901 | €18,205 | -€146,723 | -€164,928 | |
| Financial income | 75/76B | €16,670 | €1,062 | -€15,608 | -93.6% |
| Recurring financial income | 75 | €16,670 | €1,062 | -€15,608 | -93.6% |
| Financial charges | 65/66B | €1,570 | €15,959 | +€14,389 | +917% |
| Recurring financial charges | 65 | €1,570 | €15,959 | +€14,389 | +917% |
| Profit (loss) for the period before taxes | 9903 | €33,306 | -€161,619 | -€194,925 | |
| Income taxes | 67/77 | €7,204 | €265 | -€6,939 | -96.3% |
| Profit (loss) for the period | 9904 | €26,102 | -€161,884 | -€187,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,102 | -€161,884 | -€187,986 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.