Flow-State: 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-State
Largest movements
- Stocks and contracts +€8,900
up €8,900 (+17.0%), from €52,205 to €61,105
- Cash +€4,327
up €4,327 (+181.8%), from €2,380 to €6,707
mainly Other debts (+€16,457) and Net result for the year (+€4,785)
- Receivables within one year +€2,273
up €2,273 (+9.4%), from €24,277 to €26,549
of which Other amounts receivable: +€1,591
- Other debts +€16,457
up €16,457 (+607.2%), from €2,710 to €19,167
- Debts after one year -€8,915
down €8,915 (-22.8%), from €39,018 to €30,103
- Profit (loss) carried forward +€4,785
up €4,785 (+26.2%), from €18,274 to €23,059
- Tax, wage and social debts +€2,300
up €2,300 (+33.7%), from €6,826 to €9,127
of which Taxes: +€3,005
- Gross operating margin -€10,543
down €10,543 (-41.0%), from €25,692 to €15,148
- Financial charges +€2,956
up €2,956 (+275.7%), from €1,072 to €4,029
- Staff costs +€2,698
up €2,698 (+1438.7%), from €188 to €2,885
- Taxes -€2,321
down €2,321 (-49.2%), from €4,718 to €2,396
- Other operating charges -€535
down €535 (-42.2%), from €1,267 to €732
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 | €79,464 | €95,758 | +€16,294 | +20.5% |
| Fixed assets | 21/28 | €602 | €1,396 | +€794 | +131.9% |
| Tangible fixed assets | 22/27 | €602 | €1,396 | +€794 | +131.9% |
| Plant, machinery and equipment | 23 | €602 | €344 | -€258 | -42.9% |
| Furniture and vehicles | 24 | - | €1,053 | +€1,053 | |
| Current assets | 29/58 | €78,862 | €94,361 | +€15,499 | +19.7% |
| Stocks and contracts in progress | 3 | €52,205 | €61,105 | +€8,900 | +17.0% |
| Stocks | 30/36 | €52,205 | €61,105 | +€8,900 | +17.0% |
| Amounts receivable within one year | 40/41 | €24,277 | €26,549 | +€2,273 | +9.4% |
| Trade receivables | 40 | €24,277 | €24,958 | +€681 | +2.8% |
| Other amounts receivable | 41 | - | €1,591 | +€1,591 | |
| Cash at bank and in hand | 54/58 | €2,380 | €6,707 | +€4,327 | +181.8% |
| Total equity and liabilities | 10/49 | €79,464 | €95,758 | +€16,294 | +20.5% |
| Equity | 10/15 | €19,274 | €24,059 | +€4,785 | +24.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,274 | €23,059 | +€4,785 | +26.2% |
| Amounts payable | 17/49 | €60,190 | €71,699 | +€11,509 | +19.1% |
| Amounts payable after more than one year | 17 | €39,018 | €30,103 | -€8,915 | -22.8% |
| Financial debts | 170/4 | €39,018 | €30,103 | -€8,915 | -22.8% |
| Amounts payable within one year | 42/48 | €21,172 | €41,596 | +€20,424 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | €8,145 | €8,915 | +€770 | +9.4% |
| Trade debts | 44 | €3,491 | €4,388 | +€897 | +25.7% |
| Suppliers | 440/4 | €3,491 | €4,388 | +€897 | +25.7% |
| Taxes, remuneration and social security | 45 | €6,826 | €9,127 | +€2,300 | +33.7% |
| Taxes | 450/3 | €6,122 | €9,127 | +€3,005 | +49.1% |
| Remuneration and social security | 454/9 | €705 | - | -€705 | |
| Other amounts payable | 47/48 | €2,710 | €19,167 | +€16,457 | +607.2% |
| Remuneration, social security and pensions | 62 | €188 | €2,885 | +€2,698 | +1438.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €321 | +€148 | +85.6% |
| Other operating charges | 640/8 | €1,267 | €732 | -€535 | -42.2% |
| Gross operating margin | 9900 | €25,692 | €15,148 | -€10,543 | -41.0% |
| Operating profit (loss) | 9901 | €24,064 | €11,210 | -€12,854 | -53.4% |
| Financial charges | 65/66B | €1,072 | €4,029 | +€2,956 | +275.7% |
| Recurring financial charges | 65 | €1,072 | €4,029 | +€2,956 | +275.7% |
| Profit (loss) for the period before taxes | 9903 | €22,991 | €7,181 | -€15,811 | -68.8% |
| Income taxes | 67/77 | €4,718 | €2,396 | -€2,321 | -49.2% |
| Profit (loss) for the period | 9904 | €18,274 | €4,785 | -€13,489 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,274 | €4,785 | -€13,489 | -73.8% |
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.