GO FLOW: 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.
GO FLOW
Largest movements
- Receivables within one year +€175,888
up €175,888 (+274%), from €64,126 to €240,015
- Cash -€59,246
down €59,246 (-82.5%), from €71,773 to €12,527
mainly Receivables within one year (-€175,888) and Net result for the year (-€23,657)
- Deferred charges and accrued income +€2,649
up €2,649 (+325%), from €816 to €3,465
- Trade debts +€79,841
up €79,841 (+263%), from €30,385 to €110,225
- Tax, wage and social debts +€50,180
up €50,180 (+75.1%), from €66,847 to €117,027
of which Remuneration and social security: +€50,176
- Profit (loss) carried forward -€23,657
new in 2025: -€23,657
- Accrued charges and deferred income +€15,363
up €15,363 (+629%), from €2,444 to €17,807
- Staff costs +€167,698
up €167,698 (+58.9%), from €284,787 to €452,485
- Gross operating margin +€112,227
up €112,227 (+34.4%), from €326,520 to €438,746
- Taxes -€11,230
down €11,230 (-91.3%), from €12,297 to €1,067
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 | €143,018 | €264,744 | +€121,726 | +85.1% |
| Fixed assets | 21/28 | €6,302 | €8,737 | +€2,435 | +38.6% |
| Tangible fixed assets | 22/27 | €5,802 | €8,237 | +€2,435 | +42.0% |
| Furniture and vehicles | 24 | €5,802 | €8,237 | +€2,435 | +42.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €136,716 | €256,007 | +€119,291 | +87.3% |
| Amounts receivable within one year | 40/41 | €64,126 | €240,015 | +€175,888 | +274% |
| Trade receivables | 40 | €64,126 | €240,015 | +€175,888 | +274% |
| Cash at bank and in hand | 54/58 | €71,773 | €12,527 | -€59,246 | -82.5% |
| Deferred charges and accrued income | 490/1 | €816 | €3,465 | +€2,649 | +325% |
| Total equity and liabilities | 10/49 | €143,018 | €264,744 | +€121,726 | +85.1% |
| Equity | 10/15 | €43,342 | €19,685 | -€23,657 | -54.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,342 | €23,342 | = | 0.0% |
| Distributable reserves | 133 | €23,342 | €23,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,657 | -€23,657 | |
| Amounts payable | 17/49 | €99,676 | €245,060 | +€145,383 | +146% |
| Amounts payable within one year | 42/48 | €97,232 | €227,253 | +€130,021 | +134% |
| Trade debts | 44 | €30,385 | €110,225 | +€79,841 | +263% |
| Suppliers | 440/4 | €30,385 | €110,225 | +€79,841 | +263% |
| Taxes, remuneration and social security | 45 | €66,847 | €117,027 | +€50,180 | +75.1% |
| Taxes | 450/3 | €40,076 | €40,081 | +€5 | 0.0% |
| Remuneration and social security | 454/9 | €26,771 | €76,947 | +€50,176 | +187% |
| Accrued charges and deferred income | 492/3 | €2,444 | €17,807 | +€15,363 | +629% |
| Remuneration, social security and pensions | 62 | €284,787 | €452,485 | +€167,698 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,394 | €3,995 | +€1,601 | +66.9% |
| Other operating charges | 640/8 | €1,541 | €400 | -€1,141 | -74.1% |
| Gross operating margin | 9900 | €326,520 | €438,746 | +€112,227 | +34.4% |
| Operating profit (loss) | 9901 | €37,798 | -€18,133 | -€55,931 | |
| Financial income | 75/76B | €1 | €5 | +€4 | +294% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +294% |
| Financial charges | 65/66B | €2,160 | €4,461 | +€2,302 | +107% |
| Recurring financial charges | 65 | €2,160 | €4,461 | +€2,302 | +107% |
| Profit (loss) for the period before taxes | 9903 | €35,639 | -€22,590 | -€58,229 | |
| Income taxes | 67/77 | €12,297 | €1,067 | -€11,230 | -91.3% |
| Profit (loss) for the period | 9904 | €23,342 | -€23,657 | -€46,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,342 | -€23,657 | -€46,999 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.