Nflow: what changed
What changed
Nflow
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€16,609
2024 · €29,666-€13,057
Equity
€113,852
2024 · €117,607-€3,755
Cash
€109,631
2024 · €107,165+€2,466
Balance sheet total
€162,707
2024 · €152,689+€10,018
Largest movements
Assets
- Tangible fixed assets +€8,239
up €8,239 (+20.6%), from €40,088 to €48,327
of which Furniture and vehicles: +€7,643
- Cash +€2,466
up €2,466 (+2.3%), from €107,165 to €109,631
mainly Net result for the year (+€16,609) and Depreciation (+€13,828)
Equity and liabilities
- Short-term financial debts -€12,500
no longer reported in 2025 (was €12,500)
- Other debts +€11,093
up €11,093 (+116%), from €9,564 to €20,657
- Tax, wage and social debts +€5,671
up €5,671 (+63.4%), from €8,946 to €14,618
of which Taxes: +€3,441
- Current portion of long-term debt +€4,719
new in 2025: €4,719
- Reserves -€3,755
down €3,755 (-3.3%), from €113,024 to €109,269
of which Distributable reserves: -€3,755
Income statement
- Gross operating margin -€31,905
down €31,905 (-43.7%), from €73,020 to €41,115
- Other operating charges -€14,231
down €14,231 (-89.0%), from €15,981 to €1,751
- Taxes -€4,220
down €4,220 (-34.4%), from €12,257 to €8,037
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,666
Gross operating margin
-€31,905
Depreciation
+€378
Other operating charges
+€14,231
Financial income
+€1
Financial charges
+€18
Taxes
+€4,220
Result 2025
€16,609
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,434
Investment
-€22,067
Financing
-€24,901
Cash 2024
€107,165
From operations (derived)
+€49,434
Net result for the year
+€16,609
Depreciation
+€13,828
Stocks and contracts
-€376
Receivables within one year
+€921
Deferred charges and accrued income
+€142
Trade debts
+€1,545
Tax, wage and social debts
+€5,671
Other debts
+€11,093
Investment (derived)
-€22,067
Investment in fixed assets (net)
-€22,067
Financing
-€24,901
Debts after one year
+€3,244
Current portion of long-term debt
+€4,719
Short-term financial debts
-€12,500
Contributions, distributions and other
-€20,365
Cash 2025
€109,631
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,689 | €162,707 | +€10,018 | +6.6% |
| Fixed assets | 21/28 | €41,338 | €49,577 | +€8,239 | +19.9% |
| Tangible fixed assets | 22/27 | €40,088 | €48,327 | +€8,239 | +20.6% |
| Land and buildings | 22 | €18,501 | €15,448 | -€3,053 | -16.5% |
| Plant, machinery and equipment | 23 | €9,215 | €14,550 | +€5,335 | +57.9% |
| Furniture and vehicles | 24 | €2,281 | €9,924 | +€7,643 | +335% |
| Other tangible fixed assets | 26 | €10,091 | €8,405 | -€1,686 | -16.7% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €111,351 | €113,130 | +€1,778 | +1.6% |
| Stocks and contracts in progress | 3 | €874 | €1,250 | +€376 | +43.0% |
| Stocks | 30/36 | €874 | €1,250 | +€376 | +43.0% |
| Amounts receivable within one year | 40/41 | €1,190 | €269 | -€921 | -77.4% |
| Trade receivables | 40 | €723 | €176 | -€547 | -75.7% |
| Other amounts receivable | 41 | €467 | €93 | -€374 | -80.1% |
| Cash at bank and in hand | 54/58 | €107,165 | €109,631 | +€2,466 | +2.3% |
| Deferred charges and accrued income | 490/1 | €2,122 | €1,980 | -€142 | -6.7% |
| Total equity and liabilities | 10/49 | €152,689 | €162,707 | +€10,018 | +6.6% |
| Equity | 10/15 | €117,607 | €113,852 | -€3,755 | -3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €113,024 | €109,269 | -€3,755 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,164 | €107,409 | -€3,755 | -3.4% |
| Profit (loss) carried forward | 14 | -€7,817 | -€7,817 | = | 0.0% |
| Amounts payable | 17/49 | €35,082 | €48,855 | +€13,773 | +39.3% |
| Amounts payable after more than one year | 17 | - | €3,244 | +€3,244 | |
| Financial debts | 170/4 | - | €3,244 | +€3,244 | |
| Amounts payable within one year | 42/48 | €35,082 | €45,611 | +€10,529 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,719 | +€4,719 | |
| Financial debts | 43 | €12,500 | - | -€12,500 | |
| Credit institutions | 430/8 | €12,500 | - | -€12,500 | |
| Trade debts | 44 | €4,072 | €5,617 | +€1,545 | +38.0% |
| Suppliers | 440/4 | €4,072 | €5,617 | +€1,545 | +38.0% |
| Taxes, remuneration and social security | 45 | €8,946 | €14,618 | +€5,671 | +63.4% |
| Taxes | 450/3 | €8,946 | €12,388 | +€3,441 | +38.5% |
| Remuneration and social security | 454/9 | - | €2,230 | +€2,230 | |
| Other amounts payable | 47/48 | €9,564 | €20,657 | +€11,093 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,207 | €13,828 | -€378 | -2.7% |
| Other operating charges | 640/8 | €15,981 | €1,751 | -€14,231 | -89.0% |
| Gross operating margin | 9900 | €73,020 | €41,115 | -€31,905 | -43.7% |
| Operating profit (loss) | 9901 | €42,832 | €25,536 | -€17,296 | -40.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €909 | €891 | -€18 | -2.0% |
| Recurring financial charges | 65 | €909 | €891 | -€18 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €41,923 | €24,646 | -€17,277 | -41.2% |
| Income taxes | 67/77 | €12,257 | €8,037 | -€4,220 | -34.4% |
| Profit (loss) for the period | 9904 | €29,666 | €16,609 | -€13,057 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,666 | €16,609 | -€13,057 | -44.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.