FLOW TO GROW: what changed
What changed
FLOW TO GROW
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€11,896
2024 · -€70,145+€82,040
Equity
€3.0m
2024 · €3.0m+€11,896
Cash
€70,095
2024 · €45,880+€24,215
Balance sheet total
€3.5m
2024 · €3.4m+€77,846
Largest movements
Assets
- Tangible fixed assets +€46,729
up €46,729 (+2.6%), from €1.8m to €1.9m
of which Furniture and vehicles: +€66,267
Equity and liabilities
- Other debts +€69,422
up €69,422 (+19.0%), from €364,698 to €434,120
Income statement
- Financial income +€47,875
up €47,875 (+460%), from €10,417 to €58,292
- Gross operating margin +€34,443
up €34,443 (+136%), from €25,376 to €59,820
- Other operating charges -€7,591
down €7,591 (-35.5%), from €21,354 to €13,763
- Depreciation +€6,302
up €6,302 (+7.5%), from €84,057 to €90,358
- Financial charges +€1,627
up €1,627 (+2,937%), from €55 to €1,682
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€70,145
Gross operating margin
+€34,443
Depreciation
-€6,302
Other operating charges
+€7,591
Financial income
+€47,875
Financial charges
-€1,627
Taxes
+€60
Result 2025
€11,896
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€158,474
Investment
-€134,259
Financing
€0
Cash 2024
€45,880
From operations (derived)
+€158,474
Net result for the year
+€11,896
Depreciation
+€90,358
Receivables within one year
-€8,845
Deferred charges and accrued income
-€885
Trade debts
-€1,396
Tax, wage and social debts
+€984
Other debts
+€69,422
Accrued charges and deferred income
-€3,059
Investment (derived)
-€134,259
Investment in fixed assets (net)
-€137,087
Current investments
+€2,829
Cash 2025
€70,095
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,399,345 | €3,477,191 | +€77,846 | +2.3% |
| Fixed assets | 21/28 | €1,824,083 | €1,870,812 | +€46,729 | +2.6% |
| Tangible fixed assets | 22/27 | €1,824,024 | €1,870,753 | +€46,729 | +2.6% |
| Land and buildings | 22 | €1,823,195 | €1,801,944 | -€21,251 | -1.2% |
| Plant, machinery and equipment | 23 | - | €1,713 | +€1,713 | |
| Furniture and vehicles | 24 | €829 | €67,096 | +€66,267 | +7,996% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €1,575,261 | €1,606,379 | +€31,117 | +2.0% |
| Amounts receivable within one year | 40/41 | €542 | €9,387 | +€8,845 | +1,633% |
| Trade receivables | 40 | €402 | €6,998 | +€6,596 | +1,640% |
| Other amounts receivable | 41 | €139 | €2,389 | +€2,250 | +1,615% |
| Current investments | 50/53 | €1,528,600 | €1,525,771 | -€2,829 | -0.2% |
| Cash at bank and in hand | 54/58 | €45,880 | €70,095 | +€24,215 | +52.8% |
| Deferred charges and accrued income | 490/1 | €241 | €1,126 | +€885 | +368% |
| Total equity and liabilities | 10/49 | €3,399,345 | €3,477,191 | +€77,846 | +2.3% |
| Equity | 10/15 | €3,026,906 | €3,038,802 | +€11,896 | +0.4% |
| Contributions | 10/11 | €1,650,000 | €1,650,000 | = | 0.0% |
| Reserves | 13 | €1,376,906 | €1,388,802 | +€11,896 | +0.9% |
| Distributable reserves | 133 | €1,376,906 | €1,388,802 | +€11,896 | +0.9% |
| Amounts payable | 17/49 | €372,439 | €438,389 | +€65,951 | +17.7% |
| Amounts payable within one year | 42/48 | €369,360 | €438,369 | +€69,010 | +18.7% |
| Trade debts | 44 | €4,503 | €3,107 | -€1,396 | -31.0% |
| Suppliers | 440/4 | €4,503 | €3,107 | -€1,396 | -31.0% |
| Taxes, remuneration and social security | 45 | €158 | €1,142 | +€984 | +621% |
| Taxes | 450/3 | €158 | €1,142 | +€984 | +621% |
| Other amounts payable | 47/48 | €364,698 | €434,120 | +€69,422 | +19.0% |
| Accrued charges and deferred income | 492/3 | €3,079 | €20 | -€3,059 | -99.4% |
| Non-recurring operating income | 76A | €180 | €2,893 | +€2,713 | +1,511% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,057 | €90,358 | +€6,302 | +7.5% |
| Other operating charges | 640/8 | €21,354 | €13,763 | -€7,591 | -35.5% |
| Gross operating margin | 9900 | €25,376 | €59,820 | +€34,443 | +136% |
| Operating profit (loss) | 9901 | -€80,034 | -€44,302 | +€35,732 | +44.6% |
| Financial income | 75/76B | €10,417 | €58,292 | +€47,875 | +460% |
| Recurring financial income | 75 | €10,417 | €58,292 | +€47,875 | +460% |
| Financial charges | 65/66B | €55 | €1,682 | +€1,627 | +2,937% |
| Recurring financial charges | 65 | €55 | €1,682 | +€1,627 | +2,937% |
| Profit (loss) for the period before taxes | 9903 | -€69,672 | €12,308 | +€81,980 | |
| Income taxes | 67/77 | €473 | €412 | -€60 | -12.7% |
| Profit (loss) for the period | 9904 | -€70,145 | €11,896 | +€82,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,145 | €11,896 | +€82,040 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.