FLOW REAL ESTATE: 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 REAL ESTATE
Largest movements
- Tangible fixed assets +€491,281
up €491,281 (+145%), from €339,168 to €830,449
- Stocks and contracts -€324,142
no longer reported in 2025 (was €324,142)
- Cash -€53,842
down €53,842 (-86.2%), from €62,452 to €8,611
mainly Investment in fixed assets (net) (-€505,393) and Other debts (-€87,933)
- Receivables within one year -€43,631
down €43,631 (-90.9%), from €48,000 to €4,369
- Debts after one year +€143,446
up €143,446 (+31.0%), from €462,951 to €606,398
- Other debts -€87,933
down €87,933 (-74.4%), from €118,123 to €30,189
- Gross operating margin -€90,590
down €90,590 (-67.6%), from €133,961 to €43,371
- Provisions -€51,000
no longer reported in 2025 (was €51,000)
- Financial charges -€15,061
down €15,061 (-52.0%), from €28,969 to €13,908
- Depreciation +€2,233
up €2,233 (+18.8%), from €11,879 to €14,112
- Taxes -€1,885
down €1,885 (-37.0%), from €5,092 to €3,207
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 | €773,762 | €844,888 | +€71,126 | +9.2% |
| Fixed assets | 21/28 | €339,168 | €830,449 | +€491,281 | +145% |
| Tangible fixed assets | 22/27 | €339,168 | €830,449 | +€491,281 | +145% |
| Land and buildings | 22 | €339,168 | €830,449 | +€491,281 | +145% |
| Current assets | 29/58 | €434,594 | €14,439 | -€420,155 | -96.7% |
| Stocks and contracts in progress | 3 | €324,142 | - | -€324,142 | |
| Stocks | 30/36 | €324,142 | - | -€324,142 | |
| Amounts receivable within one year | 40/41 | €48,000 | €4,369 | -€43,631 | -90.9% |
| Other amounts receivable | 41 | €48,000 | €4,369 | -€43,631 | -90.9% |
| Cash at bank and in hand | 54/58 | €62,452 | €8,611 | -€53,842 | -86.2% |
| Deferred charges and accrued income | 490/1 | - | €1,460 | +€1,460 | |
| Total equity and liabilities | 10/49 | €773,762 | €844,888 | +€71,126 | +9.2% |
| Equity | 10/15 | €35,978 | €44,165 | +€8,187 | +22.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,978 | €24,165 | +€8,187 | +51.2% |
| Non-distributable reserves | 130/1 | €34 | €34 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34 | €34 | = | 0.0% |
| Distributable reserves | 133 | €15,945 | €24,132 | +€8,187 | +51.3% |
| Provisions and deferred taxes | 16 | €51,000 | €51,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €51,000 | €51,000 | = | 0.0% |
| Environmental obligations | 163 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable | 17/49 | €686,783 | €749,723 | +€62,939 | +9.2% |
| Amounts payable after more than one year | 17 | €462,951 | €606,398 | +€143,446 | +31.0% |
| Financial debts | 170/4 | €462,951 | €606,398 | +€143,446 | +31.0% |
| Amounts payable within one year | 42/48 | €148,473 | €67,916 | -€80,557 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €23,977 | €24,554 | +€577 | +2.4% |
| Trade debts | 44 | €581 | €4,966 | +€4,385 | +754% |
| Suppliers | 440/4 | €581 | €4,966 | +€4,385 | +754% |
| Taxes, remuneration and social security | 45 | €5,792 | €8,207 | +€2,415 | +41.7% |
| Taxes | 450/3 | €5,792 | €8,207 | +€2,415 | +41.7% |
| Other amounts payable | 47/48 | €118,123 | €30,189 | -€87,933 | -74.4% |
| Accrued charges and deferred income | 492/3 | €75,359 | €75,409 | +€50 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,879 | €14,112 | +€2,233 | +18.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €51,000 | - | -€51,000 | |
| Other operating charges | 640/8 | €3,756 | €3,957 | +€202 | +5.4% |
| Gross operating margin | 9900 | €133,961 | €43,371 | -€90,590 | -67.6% |
| Operating profit (loss) | 9901 | €67,327 | €25,302 | -€42,025 | -62.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €28,969 | €13,908 | -€15,061 | -52.0% |
| Recurring financial charges | 65 | €28,969 | €13,908 | -€15,061 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €38,358 | €11,394 | -€26,965 | -70.3% |
| Income taxes | 67/77 | €5,092 | €3,207 | -€1,885 | -37.0% |
| Profit (loss) for the period | 9904 | €33,267 | €8,187 | -€25,080 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,267 | €8,187 | -€25,080 | -75.4% |
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 26 October 2026 via checked.be.