Flowed: 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.
Flowed
Largest movements
- Cash -€28,458
down €28,458 (-58.7%), from €48,461 to €20,003
mainly Net result for the year (-€11,937) and Other debts (-€10,269)
- Receivables within one year -€7,824
down €7,824 (-59.3%), from €13,191 to €5,367
of which Trade receivables: -€6,590
- Tangible fixed assets -€6,431
down €6,431 (-31.3%), from €20,563 to €14,132
of which Furniture and vehicles: -€5,388
- Reserves -€21,937
down €21,937 (-87.9%), from €24,954 to €3,017
- Other debts -€10,269
down €10,269 (-28.9%), from €35,491 to €25,222
- Trade debts -€6,625
down €6,625 (-89.6%), from €7,395 to €770
- Debts after one year -€5,691
no longer reported in 2025 (was €5,691)
- Tax, wage and social debts +€3,376
up €3,376 (+1585.0%), from €213 to €3,589
- Gross operating margin -€1,988
down €1,988 (-188.3%), from -€1,056 to -€3,044
- Financial charges -€527
down €527 (-54.1%), from €975 to €448
- Other operating charges -€150
down €150 (-11.8%), from €1,266 to €1,116
- Depreciation -€98
down €98 (-1.3%), from €7,260 to €7,162
- Taxes -€45
down €45 (-21.1%), from €213 to €168
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 | €83,604 | €40,789 | -€42,815 | -51.2% |
| Fixed assets | 21/28 | €20,563 | €14,132 | -€6,431 | -31.3% |
| Tangible fixed assets | 22/27 | €20,563 | €14,132 | -€6,431 | -31.3% |
| Plant, machinery and equipment | 23 | €543 | €756 | +€213 | +39.2% |
| Furniture and vehicles | 24 | €14,368 | €8,980 | -€5,388 | -37.5% |
| Other tangible fixed assets | 26 | €5,652 | €4,396 | -€1,256 | -22.2% |
| Current assets | 29/58 | €63,041 | €26,657 | -€36,384 | -57.7% |
| Amounts receivable within one year | 40/41 | €13,191 | €5,367 | -€7,824 | -59.3% |
| Trade receivables | 40 | €11,957 | €5,367 | -€6,590 | -55.1% |
| Other amounts receivable | 41 | €1,234 | - | -€1,234 | |
| Cash at bank and in hand | 54/58 | €48,461 | €20,003 | -€28,458 | -58.7% |
| Deferred charges and accrued income | 490/1 | €1,389 | €1,287 | -€102 | -7.3% |
| Total equity and liabilities | 10/49 | €83,604 | €40,789 | -€42,815 | -51.2% |
| Equity | 10/15 | €27,454 | €5,517 | -€21,937 | -79.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,954 | €3,017 | -€21,937 | -87.9% |
| Distributable reserves | 133 | €24,954 | €3,017 | -€21,937 | -87.9% |
| Amounts payable | 17/49 | €56,150 | €35,272 | -€20,878 | -37.2% |
| Amounts payable after more than one year | 17 | €5,691 | - | -€5,691 | |
| Financial debts | 170/4 | €5,691 | - | -€5,691 | |
| Amounts payable within one year | 42/48 | €50,459 | €35,272 | -€15,187 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €7,360 | €5,691 | -€1,669 | -22.7% |
| Trade debts | 44 | €7,395 | €770 | -€6,625 | -89.6% |
| Suppliers | 440/4 | €7,395 | €770 | -€6,625 | -89.6% |
| Taxes, remuneration and social security | 45 | €213 | €3,589 | +€3,376 | +1585.0% |
| Taxes | 450/3 | €213 | €3,589 | +€3,376 | +1585.0% |
| Other amounts payable | 47/48 | €35,491 | €25,222 | -€10,269 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,260 | €7,162 | -€98 | -1.3% |
| Other operating charges | 640/8 | €1,266 | €1,116 | -€150 | -11.8% |
| Gross operating margin | 9900 | -€1,056 | -€3,044 | -€1,988 | -188.3% |
| Operating profit (loss) | 9901 | -€9,582 | -€11,322 | -€1,740 | -18.2% |
| Financial income | 75/76B | €14 | €1 | -€13 | -92.9% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -92.9% |
| Financial charges | 65/66B | €975 | €448 | -€527 | -54.1% |
| Recurring financial charges | 65 | €975 | €448 | -€527 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,543 | -€11,769 | -€1,226 | -11.6% |
| Income taxes | 67/77 | €213 | €168 | -€45 | -21.1% |
| Profit (loss) for the period | 9904 | -€10,756 | -€11,937 | -€1,181 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,756 | -€11,937 | -€1,181 | -11.0% |
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.