Flowtrack: 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.
Flowtrack
Largest movements
- Current investments +€363,807
up €363,807 (+92.7%), from €392,292 to €756,099
- Receivables within one year -€309,660
down €309,660 (-36.2%), from €854,702 to €545,042
of which Trade receivables: -€208,818
- Tangible fixed assets +€60,875
up €60,875 (+73.1%), from €83,267 to €144,142
of which Furniture and vehicles: +€63,945
- Deferred charges and accrued income +€39,923
up €39,923 (+179%), from €22,275 to €62,198
- Receivables after one year -€38,330
down €38,330 (-19.1%), from €200,895 to €162,564
- Trade debts +€52,053
up €52,053 (+13.1%), from €397,240 to €449,292
- Reserves +€31,953
up €31,953 (+4.8%), from €662,859 to €694,812
- Gross operating margin +€59,689
up €59,689 (+16.2%), from €367,921 to €427,610
- Staff costs +€20,652
up €20,652 (+15.2%), from €135,927 to €156,579
- Financial income +€18,347
up €18,347 (+63.1%), from €29,056 to €47,403
- Taxes +€17,629
up €17,629 (+41.9%), from €42,085 to €59,714
- Financial charges +€11,417
up €11,417 (+41.1%), from €27,805 to €39,221
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.
Derived cash bridge
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 | €2,170,980 | €2,299,137 | +€128,156 | +5.9% |
| Fixed assets | 21/28 | €126,194 | €200,455 | +€74,261 | +58.8% |
| Intangible fixed assets | 21 | €41,912 | €50,465 | +€8,553 | +20.4% |
| Tangible fixed assets | 22/27 | €83,267 | €144,142 | +€60,875 | +73.1% |
| Plant, machinery and equipment | 23 | €5,380 | €2,309 | -€3,070 | -57.1% |
| Furniture and vehicles | 24 | €77,888 | €141,832 | +€63,945 | +82.1% |
| Financial fixed assets | 28 | €1,015 | €5,848 | +€4,833 | +476% |
| Current assets | 29/58 | €2,044,786 | €2,098,681 | +€53,895 | +2.6% |
| Amounts receivable after more than one year | 29 | €200,895 | €162,564 | -€38,330 | -19.1% |
| Other amounts receivable | 291 | €200,895 | €162,564 | -€38,330 | -19.1% |
| Stocks and contracts in progress | 3 | €142,698 | €117,768 | -€24,930 | -17.5% |
| Stocks | 30/36 | €22,698 | €17,768 | -€4,930 | -21.7% |
| Contracts in progress | 37 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €854,702 | €545,042 | -€309,660 | -36.2% |
| Trade receivables | 40 | €687,375 | €478,557 | -€208,818 | -30.4% |
| Other amounts receivable | 41 | €167,327 | €66,485 | -€100,842 | -60.3% |
| Current investments | 50/53 | €392,292 | €756,099 | +€363,807 | +92.7% |
| Cash at bank and in hand | 54/58 | €431,925 | €455,010 | +€23,085 | +5.3% |
| Deferred charges and accrued income | 490/1 | €22,275 | €62,198 | +€39,923 | +179% |
| Total equity and liabilities | 10/49 | €2,170,980 | €2,299,137 | +€128,156 | +5.9% |
| Equity | 10/15 | €727,650 | €759,603 | +€31,953 | +4.4% |
| Contributions | 10/11 | €64,791 | €64,791 | = | 0.0% |
| Reserves | 13 | €662,859 | €694,812 | +€31,953 | +4.8% |
| Distributable reserves | 133 | €662,859 | €694,812 | +€31,953 | +4.8% |
| Amounts payable | 17/49 | €1,443,330 | €1,539,533 | +€96,203 | +6.7% |
| Amounts payable within one year | 42/48 | €1,443,330 | €1,539,533 | +€96,203 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €5,192 | - | -€5,192 | |
| Financial debts | 43 | €8,361 | €5,202 | -€3,159 | -37.8% |
| Credit institutions | 430/8 | €8,361 | €5,202 | -€3,159 | -37.8% |
| Trade debts | 44 | €397,240 | €449,292 | +€52,053 | +13.1% |
| Suppliers | 440/4 | €397,240 | €449,292 | +€52,053 | +13.1% |
| Advances received on contracts in progress | 46 | €935,615 | €955,615 | +€20,000 | +2.1% |
| Taxes, remuneration and social security | 45 | €12,921 | €29,423 | +€16,502 | +128% |
| Taxes | 450/3 | €547 | €15,298 | +€14,751 | +2,697% |
| Remuneration and social security | 454/9 | €12,374 | €14,125 | +€1,751 | +14.2% |
| Other amounts payable | 47/48 | €84,000 | €100,000 | +€16,000 | +19.0% |
| Non-recurring operating income | 76A | €452 | - | -€452 | |
| Remuneration, social security and pensions | 62 | €135,927 | €156,579 | +€20,652 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,676 | €73,531 | +€6,855 | +10.3% |
| Other operating charges | 640/8 | €20,070 | €14,015 | -€6,054 | -30.2% |
| Gross operating margin | 9900 | €367,921 | €427,610 | +€59,689 | +16.2% |
| Operating profit (loss) | 9901 | €145,248 | €183,485 | +€38,237 | +26.3% |
| Financial income | 75/76B | €29,056 | €47,403 | +€18,347 | +63.1% |
| Recurring financial income | 75 | €29,056 | €47,403 | +€18,347 | +63.1% |
| Financial charges | 65/66B | €27,805 | €39,221 | +€11,417 | +41.1% |
| Recurring financial charges | 65 | €27,805 | €39,221 | +€11,417 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €146,500 | €191,667 | +€45,167 | +30.8% |
| Income taxes | 67/77 | €42,085 | €59,714 | +€17,629 | +41.9% |
| Profit (loss) for the period | 9904 | €104,415 | €131,953 | +€27,538 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,415 | €131,953 | +€27,538 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.