FLOWSEC: 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.
FLOWSEC
Largest movements
- Receivables within one year +€16,449
up €16,449 (+129.2%), from €12,736 to €29,185
of which Trade receivables: +€16,315
- Cash -€12,972
down €12,972 (-15.8%), from €81,848 to €68,876
mainly Contributions, distributions and other (-€30,000) and Other debts (-€27,311)
- Tangible fixed assets -€12,197
down €12,197 (-26.3%), from €46,451 to €34,254
of which Furniture and vehicles: -€16,124
- Other debts -€27,311
down €27,311 (-40.2%), from €67,933 to €40,622
- Profit (loss) carried forward +€23,701
up €23,701 (+81.9%), from €28,942 to €52,643
- Debts after one year -€9,502
no longer reported in 2025 (was €9,502)
- Tax, wage and social debts +€7,136
up €7,136 (+1012.7%), from €705 to €7,841
- Trade debts -€1,786
down €1,786 (-84.8%), from €2,107 to €321
- Gross operating margin +€21,721
up €21,721 (+33.6%), from €64,634 to €86,355
- Depreciation +€4,386
up €4,386 (+34.3%), from €12,787 to €17,173
- Taxes +€3,713
up €3,713 (+33.3%), from €11,153 to €14,866
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 | €143,018 | €134,488 | -€8,530 | -6.0% |
| Fixed assets | 21/28 | €46,451 | €34,254 | -€12,197 | -26.3% |
| Tangible fixed assets | 22/27 | €46,451 | €34,254 | -€12,197 | -26.3% |
| Plant, machinery and equipment | 23 | €504 | €2,147 | +€1,643 | +326.1% |
| Furniture and vehicles | 24 | €45,947 | €29,823 | -€16,124 | -35.1% |
| Other tangible fixed assets | 26 | - | €2,283 | +€2,283 | |
| Current assets | 29/58 | €96,566 | €100,234 | +€3,668 | +3.8% |
| Amounts receivable within one year | 40/41 | €12,736 | €29,185 | +€16,449 | +129.2% |
| Trade receivables | 40 | €12,736 | €29,051 | +€16,315 | +128.1% |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €81,848 | €68,876 | -€12,972 | -15.8% |
| Deferred charges and accrued income | 490/1 | €1,982 | €2,173 | +€191 | +9.6% |
| Total equity and liabilities | 10/49 | €143,018 | €134,488 | -€8,530 | -6.0% |
| Equity | 10/15 | €51,642 | €75,343 | +€23,701 | +45.9% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €4,200 | €4,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,942 | €52,643 | +€23,701 | +81.9% |
| Amounts payable | 17/49 | €91,376 | €59,146 | -€32,231 | -35.3% |
| Amounts payable after more than one year | 17 | €9,502 | - | -€9,502 | |
| Financial debts | 170/4 | €9,502 | - | -€9,502 | |
| Amounts payable within one year | 42/48 | €81,874 | €59,146 | -€22,728 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €11,129 | €10,362 | -€767 | -6.9% |
| Trade debts | 44 | €2,107 | €321 | -€1,786 | -84.8% |
| Suppliers | 440/4 | €2,107 | €321 | -€1,786 | -84.8% |
| Taxes, remuneration and social security | 45 | €705 | €7,841 | +€7,136 | +1012.7% |
| Taxes | 450/3 | €705 | €7,841 | +€7,136 | +1012.7% |
| Other amounts payable | 47/48 | €67,933 | €40,622 | -€27,311 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,787 | €17,173 | +€4,386 | +34.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,634 | €86,355 | +€21,721 | +33.6% |
| Operating profit (loss) | 9901 | €51,460 | €68,782 | +€17,323 | +33.7% |
| Financial charges | 65/66B | €292 | €215 | -€77 | -26.3% |
| Recurring financial charges | 65 | €292 | €215 | -€77 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €51,167 | €68,567 | +€17,399 | +34.0% |
| Income taxes | 67/77 | €11,153 | €14,866 | +€3,713 | +33.3% |
| Profit (loss) for the period | 9904 | €40,014 | €53,701 | +€13,687 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,014 | €53,701 | +€13,687 | +34.2% |
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 30 September 2026 via checked.be.