FLOWSTARTERS: 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.
FLOWSTARTERS
Largest movements
- Cash +€38,450
up €38,450 (+157.9%), from €24,344 to €62,793
mainly Other debts (+€87,921) and Net result for the year (+€45,797)
- Receivables after one year -€38,210
down €38,210 (-43.1%), from €88,621 to €50,411
- Reserves -€89,011
down €89,011 (-47.3%), from €188,013 to €99,002
- Other debts +€87,921
up €87,921 (+187.5%), from €46,887 to €134,808
- Tax, wage and social debts +€3,041
up €3,041 (+23.7%), from €12,850 to €15,892
- Turnover +€16,509
up €16,509 (+11.9%), from €139,066 to €155,574
- Gross operating margin +€15,668
up €15,668 (+34.4%), from €45,489 to €61,157
- Taxes +€4,116
up €4,116 (+30.3%), from €13,578 to €17,694
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 | €260,642 | €262,396 | +€1,754 | +0.7% |
| Fixed assets | 21/28 | €4,827 | €4,068 | -€759 | -15.7% |
| Tangible fixed assets | 22/27 | €4,827 | €4,068 | -€759 | -15.7% |
| Land and buildings | 22 | €3,112 | €2,587 | -€524 | -16.9% |
| Furniture and vehicles | 24 | €1,715 | €1,481 | -€234 | -13.7% |
| Current assets | 29/58 | €255,816 | €258,328 | +€2,512 | +1.0% |
| Amounts receivable after more than one year | 29 | €88,621 | €50,411 | -€38,210 | -43.1% |
| Other amounts receivable | 291 | €88,621 | €50,411 | -€38,210 | -43.1% |
| Amounts receivable within one year | 40/41 | €17,170 | €19,622 | +€2,452 | +14.3% |
| Trade receivables | 40 | €16,210 | €17,135 | +€925 | +5.7% |
| Other amounts receivable | 41 | €960 | €2,487 | +€1,527 | +159.1% |
| Current investments | 50/53 | €121,708 | €124,080 | +€2,372 | +1.9% |
| Cash at bank and in hand | 54/58 | €24,344 | €62,793 | +€38,450 | +157.9% |
| Deferred charges and accrued income | 490/1 | €3,973 | €1,421 | -€2,552 | -64.2% |
| Total equity and liabilities | 10/49 | €260,642 | €262,396 | +€1,754 | +0.7% |
| Equity | 10/15 | €194,265 | €105,254 | -€89,011 | -45.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,013 | €99,002 | -€89,011 | -47.3% |
| Distributable reserves | 133 | €188,013 | €99,002 | -€89,011 | -47.3% |
| Profit (loss) carried forward | 14 | €52 | €52 | = | 0.0% |
| Amounts payable | 17/49 | €66,377 | €157,142 | +€90,764 | +136.7% |
| Amounts payable within one year | 42/48 | €61,741 | €152,763 | +€91,023 | +147.4% |
| Trade debts | 44 | €2,004 | €2,064 | +€61 | +3.0% |
| Suppliers | 440/4 | €2,004 | €2,064 | +€61 | +3.0% |
| Taxes, remuneration and social security | 45 | €12,850 | €15,892 | +€3,041 | +23.7% |
| Taxes | 450/3 | €12,850 | €15,892 | +€3,041 | +23.7% |
| Other amounts payable | 47/48 | €46,887 | €134,808 | +€87,921 | +187.5% |
| Accrued charges and deferred income | 492/3 | €4,637 | €4,379 | -€258 | -5.6% |
| Turnover | 70 | €139,066 | €155,574 | +€16,509 | +11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,576 | €94,417 | +€841 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €759 | -€172 | -18.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €45,489 | €61,157 | +€15,668 | +34.4% |
| Operating profit (loss) | 9901 | €44,441 | €60,279 | +€15,838 | +35.6% |
| Financial income | 75/76B | €3,997 | €3,724 | -€273 | -6.8% |
| Recurring financial income | 75 | €3,997 | €3,724 | -€273 | -6.8% |
| Financial charges | 65/66B | €578 | €512 | -€66 | -11.3% |
| Recurring financial charges | 65 | €578 | €512 | -€66 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €47,860 | €63,491 | +€15,631 | +32.7% |
| Income taxes | 67/77 | €13,578 | €17,694 | +€4,116 | +30.3% |
| Profit (loss) for the period | 9904 | €34,282 | €45,797 | +€11,515 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,282 | €45,797 | +€11,515 | +33.6% |
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 1 October 2026 via checked.be.