Flow State Coding: 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 Coding
Largest movements
- Cash +€33,414
up €33,414 (+30.8%), from €108,575 to €141,988
mainly Other debts (+€63,357) and Net result for the year (+€61,235)
- Receivables within one year +€13,972
up €13,972 (+1298.8%), from €1,076 to €15,048
of which Other amounts receivable: +€13,972
- Tangible fixed assets -€5,762
down €5,762 (-43.8%), from €13,153 to €7,391
of which Leasing and similar rights: -€4,905
- Other debts +€63,357
up €63,357, from €0 to €63,357
- Reserves -€22,265
down €22,265 (-25.6%), from €86,981 to €64,716
- Tax, wage and social debts +€6,202
up €6,202 (+27.5%), from €22,528 to €28,730
- Current portion of long-term debt -€5,891
down €5,891 (-100.0%), from €5,891 to €0
- Gross operating margin +€24,657
up €24,657 (+39.5%), from €62,372 to €87,029
- Taxes +€5,172
up €5,172 (+41.0%), from €12,604 to €17,776
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 | €123,731 | €165,382 | +€41,652 | +33.7% |
| Fixed assets | 21/28 | €13,153 | €7,391 | -€5,762 | -43.8% |
| Tangible fixed assets | 22/27 | €13,153 | €7,391 | -€5,762 | -43.8% |
| Furniture and vehicles | 24 | €1,232 | €375 | -€857 | -69.5% |
| Leasing and similar rights | 25 | €11,921 | €7,016 | -€4,905 | -41.1% |
| Current assets | 29/58 | €110,577 | €157,991 | +€47,414 | +42.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,076 | €15,048 | +€13,972 | +1298.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,076 | €15,048 | +€13,972 | +1298.8% |
| Cash at bank and in hand | 54/58 | €108,575 | €141,988 | +€33,414 | +30.8% |
| Deferred charges and accrued income | 490/1 | €927 | €955 | +€28 | +3.0% |
| Total equity and liabilities | 10/49 | €123,731 | €165,382 | +€41,652 | +33.7% |
| Equity | 10/15 | €94,481 | €72,216 | -€22,265 | -23.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €86,981 | €64,716 | -€22,265 | -25.6% |
| Distributable reserves | 133 | €86,981 | €64,716 | -€22,265 | -25.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,250 | €93,167 | +€63,917 | +218.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,250 | €93,167 | +€63,917 | +218.5% |
| Current portion of amounts payable after more than one year | 42 | €5,891 | €0 | -€5,891 | -100.0% |
| Trade debts | 44 | €831 | €1,080 | +€249 | +29.9% |
| Suppliers | 440/4 | €831 | €1,080 | +€249 | +29.9% |
| Taxes, remuneration and social security | 45 | €22,528 | €28,730 | +€6,202 | +27.5% |
| Taxes | 450/3 | €22,528 | €28,730 | +€6,202 | +27.5% |
| Other amounts payable | 47/48 | €0 | €63,357 | +€63,357 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,819 | €5,762 | -€57 | -1.0% |
| Other operating charges | 640/8 | €1,404 | €1,817 | +€414 | +29.5% |
| Non-recurring operating charges | 66A | €184 | €103 | -€81 | -43.9% |
| Gross operating margin | 9900 | €62,372 | €87,029 | +€24,657 | +39.5% |
| Operating profit (loss) | 9901 | €54,965 | €79,346 | +€24,381 | +44.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €636 | €336 | -€300 | -47.1% |
| Recurring financial charges | 65 | €636 | €336 | -€300 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €54,329 | €79,011 | +€24,682 | +45.4% |
| Income taxes | 67/77 | €12,604 | €17,776 | +€5,172 | +41.0% |
| Profit (loss) for the period | 9904 | €41,725 | €61,235 | +€19,510 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,725 | €61,235 | +€19,510 | +46.8% |
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 11 October 2026 via checked.be.