Flowtrack Logistics: 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 Logistics
Largest movements
- Receivables within one year +€98,708
up €98,708 (+21084.8%), from €468 to €99,177
of which Trade receivables: +€97,306
- Cash -€57,099
down €57,099 (-83.9%), from €68,079 to €10,980
mainly Investment in fixed assets (net) (-€335,702) and Receivables within one year (-€98,708)
- Tangible fixed assets +€19,901
up €19,901 (+3.0%), from €667,397 to €687,298
of which Furniture and vehicles: +€16,177
- Reserves +€71,305
up €71,305 (+72.1%), from €98,917 to €170,222
- Advances received +€51,000
up €51,000 (+255.0%), from €20,000 to €71,000
- Current portion of long-term debt -€43,144
down €43,144 (-15.5%), from €277,497 to €234,352
- Trade debts -€23,421
down €23,421 (-63.8%), from €36,728 to €13,307
- Tax, wage and social debts +€12,470
new in 2025: €12,470
- Gross operating margin +€130,319
up €130,319 (+44.0%), from €296,382 to €426,701
- Depreciation +€43,014
up €43,014 (+15.7%), from €273,533 to €316,547
- Taxes +€12,470
new in 2025: €12,470
- Financial charges +€8,066
up €8,066 (+67.9%), from €11,882 to €19,948
- Other operating charges +€5,964
up €5,964 (+1187.0%), from €502 to €6,467
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 | €830,546 | €890,301 | +€59,754 | +7.2% |
| Fixed assets | 21/28 | €710,989 | €730,144 | +€19,155 | +2.7% |
| Intangible fixed assets | 21 | €43,592 | €42,846 | -€746 | -1.7% |
| Tangible fixed assets | 22/27 | €667,397 | €687,298 | +€19,901 | +3.0% |
| Plant, machinery and equipment | 23 | €630,988 | €634,711 | +€3,724 | +0.6% |
| Furniture and vehicles | 24 | €36,409 | €52,586 | +€16,177 | +44.4% |
| Current assets | 29/58 | €119,557 | €160,157 | +€40,600 | +34.0% |
| Amounts receivable within one year | 40/41 | €468 | €99,177 | +€98,708 | +21084.8% |
| Trade receivables | 40 | - | €97,306 | +€97,306 | |
| Other amounts receivable | 41 | €468 | €1,870 | +€1,402 | +299.5% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,079 | €10,980 | -€57,099 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,010 | - | -€1,010 | |
| Total equity and liabilities | 10/49 | €830,546 | €890,301 | +€59,754 | +7.2% |
| Equity | 10/15 | €117,517 | €188,822 | +€71,305 | +60.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,917 | €170,222 | +€71,305 | +72.1% |
| Distributable reserves | 133 | €98,917 | €170,222 | +€71,305 | +72.1% |
| Amounts payable | 17/49 | €713,029 | €701,479 | -€11,550 | -1.6% |
| Amounts payable after more than one year | 17 | €378,804 | €370,230 | -€8,575 | -2.3% |
| Financial debts | 170/4 | €215,003 | €244,758 | +€29,755 | +13.8% |
| Other amounts payable | 178/9 | €163,801 | €125,471 | -€38,330 | -23.4% |
| Amounts payable within one year | 42/48 | €334,225 | €331,249 | -€2,976 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €277,497 | €234,352 | -€43,144 | -15.5% |
| Financial debts | 43 | - | €120 | +€120 | |
| Credit institutions | 430/8 | - | €120 | +€120 | |
| Trade debts | 44 | €36,728 | €13,307 | -€23,421 | -63.8% |
| Suppliers | 440/4 | €36,728 | €13,307 | -€23,421 | -63.8% |
| Advances received on contracts in progress | 46 | €20,000 | €71,000 | +€51,000 | +255.0% |
| Taxes, remuneration and social security | 45 | - | €12,470 | +€12,470 | |
| Taxes | 450/3 | - | €12,470 | +€12,470 | |
| Non-recurring operating income | 76A | - | €3,586 | +€3,586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,533 | €316,547 | +€43,014 | +15.7% |
| Other operating charges | 640/8 | €502 | €6,467 | +€5,964 | +1187.0% |
| Gross operating margin | 9900 | €296,382 | €426,701 | +€130,319 | +44.0% |
| Operating profit (loss) | 9901 | €22,347 | €103,687 | +€81,341 | +364.0% |
| Financial income | 75/76B | €0 | €35 | +€35 | +49585.7% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +49585.7% |
| Financial charges | 65/66B | €11,882 | €19,948 | +€8,066 | +67.9% |
| Recurring financial charges | 65 | €11,882 | €19,948 | +€8,066 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €10,465 | €83,775 | +€73,310 | +700.5% |
| Income taxes | 67/77 | - | €12,470 | +€12,470 | |
| Profit (loss) for the period | 9904 | €10,465 | €71,305 | +€60,840 | +581.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,465 | €71,305 | +€60,840 | +581.4% |
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 9 October 2026 via checked.be.