FLOWED SOLUTIONS: what changed
Two fiscal 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 SOLUTIONS
Largest movements
- Cash +€75,275
up €75,275 (+45.4%), from €165,835 to €241,110
mainly Net result for the year (+€60,614) and Receivables within one year (+€29,137)
- Receivables within one year -€29,137
down €29,137 (-53.0%), from €54,927 to €25,790
of which Other amounts receivable: -€30,000
- Tangible fixed assets -€19,293
down €19,293 (-28.4%), from €67,822 to €48,529
of which Leasing and similar rights: -€11,952
- Current investments +€6,000
new in 2025: €6,000
- Reserves +€46,129
up €46,129 (+22.5%), from €205,317 to €251,447
- Debts after one year -€9,226
down €9,226 (-43.8%), from €21,061 to €11,835
- Tax, wage and social debts -€4,630
down €4,630 (-15.4%), from €29,986 to €25,356
of which Taxes: -€4,630
- Depreciation +€2,021
up €2,021 (+11.7%), from €17,272 to €19,293
- Gross operating margin -€1,498
down €1,498 (-1.4%), from €106,928 to €105,430
- Financial income +€1,073
up €1,073 (+205.4%), from €522 to €1,595
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 | €289,182 | €322,110 | +€32,928 | +11.4% |
| Fixed assets | 21/28 | €67,822 | €48,529 | -€19,293 | -28.4% |
| Tangible fixed assets | 22/27 | €67,822 | €48,529 | -€19,293 | -28.4% |
| Plant, machinery and equipment | 23 | €2,437 | €2,129 | -€308 | -12.6% |
| Furniture and vehicles | 24 | €26,481 | €19,448 | -€7,033 | -26.6% |
| Leasing and similar rights | 25 | €38,904 | €26,952 | -€11,952 | -30.7% |
| Current assets | 29/58 | €221,360 | €273,581 | +€52,222 | +23.6% |
| Amounts receivable within one year | 40/41 | €54,927 | €25,790 | -€29,137 | -53.0% |
| Trade receivables | 40 | €24,927 | €25,790 | +€863 | +3.5% |
| Other amounts receivable | 41 | €30,000 | - | -€30,000 | |
| Current investments | 50/53 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €165,835 | €241,110 | +€75,275 | +45.4% |
| Deferred charges and accrued income | 490/1 | €598 | €681 | +€83 | +13.8% |
| Total equity and liabilities | 10/49 | €289,182 | €322,110 | +€32,928 | +11.4% |
| Equity | 10/15 | €223,917 | €270,047 | +€46,129 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,317 | €251,447 | +€46,129 | +22.5% |
| Distributable reserves | 133 | €205,317 | €251,447 | +€46,129 | +22.5% |
| Amounts payable | 17/49 | €65,264 | €52,063 | -€13,201 | -20.2% |
| Amounts payable after more than one year | 17 | €21,061 | €11,835 | -€9,226 | -43.8% |
| Financial debts | 170/4 | €21,061 | €11,835 | -€9,226 | -43.8% |
| Amounts payable within one year | 42/48 | €44,203 | €40,228 | -€3,975 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €9,108 | €9,226 | +€118 | +1.3% |
| Trade debts | 44 | €181 | €199 | +€18 | +10.0% |
| Suppliers | 440/4 | €181 | €199 | +€18 | +10.0% |
| Taxes, remuneration and social security | 45 | €29,986 | €25,356 | -€4,630 | -15.4% |
| Taxes | 450/3 | €24,561 | €19,931 | -€4,630 | -18.8% |
| Remuneration and social security | 454/9 | €5,425 | €5,425 | = | 0.0% |
| Other amounts payable | 47/48 | €4,929 | €5,448 | +€519 | +10.5% |
| Non-recurring operating income | 76A | €7,851 | - | -€7,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,272 | €19,293 | +€2,021 | +11.7% |
| Other operating charges | 640/8 | €2,559 | €2,114 | -€445 | -17.4% |
| Gross operating margin | 9900 | €106,928 | €105,430 | -€1,498 | -1.4% |
| Operating profit (loss) | 9901 | €87,096 | €84,023 | -€3,073 | -3.5% |
| Financial income | 75/76B | €522 | €1,595 | +€1,073 | +205.4% |
| Recurring financial income | 75 | €522 | €1,595 | +€1,073 | +205.4% |
| Financial charges | 65/66B | €577 | €450 | -€127 | -22.0% |
| Recurring financial charges | 65 | €577 | €450 | -€127 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €87,041 | €85,168 | -€1,873 | -2.2% |
| Income taxes | 67/77 | €24,788 | €24,555 | -€234 | -0.9% |
| Profit (loss) for the period | 9904 | €62,253 | €60,614 | -€1,640 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,253 | €60,614 | -€1,640 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.