FLUVIUM: 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.
FLUVIUM
Largest movements
- Tangible fixed assets -€21,976
down €21,976 (-4.6%), from €474,859 to €452,883
of which Other tangible fixed assets: -€19,998
- Receivables within one year -€18,920
down €18,920 (-49.5%), from €38,187 to €19,267
of which Trade receivables: -€18,920
- Cash +€15,903
up €15,903 (+90.0%), from €17,673 to €33,577
mainly Net result for the year (+€38,189) and Depreciation (+€22,954)
- Debts after one year -€44,880
down €44,880 (-38.3%), from €117,331 to €72,451
- Reserves +€7,189
up €7,189 (+2.4%), from €298,211 to €305,400
of which Distributable reserves: +€7,189
- Tax, wage and social debts +€6,841
up €6,841 (+43.3%), from €15,797 to €22,638
of which Remuneration and social security: +€4,772
- Gross operating margin +€5,276
up €5,276 (+6.5%), from €81,315 to €86,590
- Taxes +€4,119
up €4,119 (+32.9%), from €12,533 to €16,652
- Depreciation -€1,374
down €1,374 (-5.6%), from €24,327 to €22,954
- Other operating charges +€1,214
up €1,214 (+34.3%), from €3,540 to €4,753
- Financial charges -€985
down €985 (-19.6%), from €5,028 to €4,043
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 | €531,568 | €507,312 | -€24,256 | -4.6% |
| Fixed assets | 21/28 | €474,909 | €452,933 | -€21,976 | -4.6% |
| Tangible fixed assets | 22/27 | €474,859 | €452,883 | -€21,976 | -4.6% |
| Plant, machinery and equipment | 23 | €2,319 | €1,543 | -€777 | -33.5% |
| Furniture and vehicles | 24 | €2,540 | €1,339 | -€1,201 | -47.3% |
| Other tangible fixed assets | 26 | €470,000 | €450,001 | -€19,998 | -4.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €56,659 | €54,379 | -€2,280 | -4.0% |
| Amounts receivable within one year | 40/41 | €38,187 | €19,267 | -€18,920 | -49.5% |
| Trade receivables | 40 | €38,187 | €19,267 | -€18,920 | -49.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,673 | €33,577 | +€15,903 | +90.0% |
| Deferred charges and accrued income | 490/1 | €799 | €1,535 | +€736 | +92.2% |
| Total equity and liabilities | 10/49 | €531,568 | €507,312 | -€24,256 | -4.6% |
| Equity | 10/15 | €304,411 | €311,600 | +€7,189 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €298,211 | €305,400 | +€7,189 | +2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €298,211 | €305,400 | +€7,189 | +2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €227,157 | €195,712 | -€31,445 | -13.8% |
| Amounts payable after more than one year | 17 | €117,331 | €72,451 | -€44,880 | -38.3% |
| Financial debts | 170/4 | €117,331 | €72,451 | -€44,880 | -38.3% |
| Amounts payable within one year | 42/48 | €105,809 | €119,240 | +€13,431 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €44,212 | €44,880 | +€668 | +1.5% |
| Trade debts | 44 | €5,014 | €9,966 | +€4,952 | +98.8% |
| Suppliers | 440/4 | €5,014 | €9,966 | +€4,952 | +98.8% |
| Taxes, remuneration and social security | 45 | €15,797 | €22,638 | +€6,841 | +43.3% |
| Taxes | 450/3 | €13,363 | €15,433 | +€2,069 | +15.5% |
| Remuneration and social security | 454/9 | €2,434 | €7,206 | +€4,772 | +196.1% |
| Other amounts payable | 47/48 | €40,785 | €41,755 | +€970 | +2.4% |
| Accrued charges and deferred income | 492/3 | €4,017 | €4,021 | +€5 | +0.1% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,327 | €22,954 | -€1,374 | -5.6% |
| Other operating charges | 640/8 | €3,540 | €4,753 | +€1,214 | +34.3% |
| Gross operating margin | 9900 | €81,315 | €86,590 | +€5,276 | +6.5% |
| Operating profit (loss) | 9901 | €53,448 | €58,883 | +€5,436 | +10.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -76.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -76.7% |
| Financial charges | 65/66B | €5,028 | €4,043 | -€985 | -19.6% |
| Recurring financial charges | 65 | €5,028 | €4,043 | -€985 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €48,420 | €54,840 | +€6,420 | +13.3% |
| Income taxes | 67/77 | €12,533 | €16,652 | +€4,119 | +32.9% |
| Profit (loss) for the period | 9904 | €35,888 | €38,189 | +€2,301 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,888 | €38,189 | +€2,301 | +6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.