MFlow Tech.: 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.
MFlow Tech.
Largest movements
- Cash +€34,171
up €34,171 (+191%), from €17,933 to €52,104
mainly Net result for the year (+€52,518) and Tax, wage and social debts (+€18,921)
- Tangible fixed assets +€4,570
up €4,570 (+460%), from €993 to €5,563
of which Furniture and vehicles: +€4,769
- Reserves +€52,518
up €52,518 (+86.3%), from €60,874 to €113,392
- Debts after one year -€34,772
down €34,772 (-33.5%), from €103,907 to €69,135
- Tax, wage and social debts +€18,921
up €18,921 (+81.8%), from €23,128 to €42,049
- Gross operating margin -€4,860
down €4,860 (-5.9%), from €82,609 to €77,749
- Taxes +€2,656
up €2,656 (+16.7%), from €15,868 to €18,524
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 | €234,148 | €274,919 | +€40,771 | +17.4% |
| Fixed assets | 21/28 | €200,993 | €205,563 | +€4,570 | +2.3% |
| Tangible fixed assets | 22/27 | €993 | €5,563 | +€4,570 | +460% |
| Plant, machinery and equipment | 23 | €993 | €794 | -€199 | -20.1% |
| Furniture and vehicles | 24 | - | €4,769 | +€4,769 | |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €33,155 | €69,356 | +€36,201 | +109% |
| Amounts receivable within one year | 40/41 | €14,520 | €16,588 | +€2,068 | +14.2% |
| Trade receivables | 40 | €14,520 | €16,588 | +€2,068 | +14.2% |
| Cash at bank and in hand | 54/58 | €17,933 | €52,104 | +€34,171 | +191% |
| Deferred charges and accrued income | 490/1 | €701 | €664 | -€37 | -5.3% |
| Total equity and liabilities | 10/49 | €234,148 | €274,919 | +€40,771 | +17.4% |
| Equity | 10/15 | €65,874 | €118,392 | +€52,518 | +79.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,874 | €113,392 | +€52,518 | +86.3% |
| Distributable reserves | 133 | €60,874 | €113,392 | +€52,518 | +86.3% |
| Amounts payable | 17/49 | €168,274 | €156,527 | -€11,747 | -7.0% |
| Amounts payable after more than one year | 17 | €103,907 | €69,135 | -€34,772 | -33.5% |
| Financial debts | 170/4 | €103,907 | €69,135 | -€34,772 | -33.5% |
| Amounts payable within one year | 42/48 | €64,367 | €87,294 | +€22,926 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €33,556 | €34,772 | +€1,216 | +3.6% |
| Trade debts | 44 | €1,153 | €1,521 | +€368 | +32.0% |
| Suppliers | 440/4 | €1,153 | €1,521 | +€368 | +32.0% |
| Taxes, remuneration and social security | 45 | €23,128 | €42,049 | +€18,921 | +81.8% |
| Taxes | 450/3 | €23,128 | €42,049 | +€18,921 | +81.8% |
| Other amounts payable | 47/48 | €6,530 | €8,951 | +€2,421 | +37.1% |
| Accrued charges and deferred income | 492/3 | - | €99 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €757 | +€753 | +18,582% |
| Other operating charges | 640/8 | €321 | €684 | +€363 | +113% |
| Gross operating margin | 9900 | €82,609 | €77,749 | -€4,860 | -5.9% |
| Operating profit (loss) | 9901 | €82,284 | €76,308 | -€5,976 | -7.3% |
| Financial income | 75/76B | €75 | €264 | +€189 | +251% |
| Recurring financial income | 75 | €75 | €264 | +€189 | +251% |
| Financial charges | 65/66B | €5,617 | €5,529 | -€88 | -1.6% |
| Recurring financial charges | 65 | €5,617 | €5,529 | -€88 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €76,742 | €71,042 | -€5,699 | -7.4% |
| Income taxes | 67/77 | €15,868 | €18,524 | +€2,656 | +16.7% |
| Profit (loss) for the period | 9904 | €60,874 | €52,518 | -€8,355 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,874 | €52,518 | -€8,355 | -13.7% |
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 28 October 2026 via checked.be.