EUROFLEX: 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.
EUROFLEX
Largest movements
- Receivables within one year -€25,485
down €25,485 (-35.0%), from €72,712 to €47,227
of which Other amounts receivable: -€21,299
- Cash -€8,038
down €8,038 (-50.6%), from €15,896 to €7,858
mainly Trade debts (-€20,092) and Tax, wage and social debts (-€18,415)
- Stocks and contracts -€6,139
down €6,139 (-26.4%), from €23,264 to €17,125
- Deferred charges and accrued income -€5,884
down €5,884 (-52.0%), from €11,305 to €5,421
- Tangible fixed assets +€4,069
up €4,069 (+120.9%), from €3,367 to €7,436
of which Furniture and vehicles: +€5,568
- Profit (loss) carried forward +€22,080
up €22,080 (+14.7%), from -€150,464 to -€128,384
- Trade debts -€20,092
down €20,092 (-61.9%), from €32,473 to €12,381
- Tax, wage and social debts -€18,415
down €18,415 (-79.3%), from €23,226 to €4,812
of which Remuneration and social security: -€20,986
- Advances received -€16,102
no longer reported in 2024 (was €16,102)
- Short-term financial debts -€12,488
no longer reported in 2024 (was €12,488)
- Gross operating margin +€36,178
up €36,178, from -€228 to €35,950
- Staff costs -€23,107
down €23,107 (-92.0%), from €25,106 to €1,999
- Other operating charges +€1,774
up €1,774 (+69.0%), from €2,573 to €4,348
- Financial income -€1,254
down €1,254 (-97.9%), from €1,281 to €27
- Financial charges -€1,215
down €1,215 (-31.6%), from €3,847 to €2,632
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,989 | €87,512 | -€41,476 | -32.2% |
| Fixed assets | 21/28 | €5,812 | €9,881 | +€4,069 | +70.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,367 | €7,436 | +€4,069 | +120.9% |
| Land and buildings | 22 | €1,847 | €1,033 | -€814 | -44.1% |
| Plant, machinery and equipment | 23 | €1,520 | €836 | -€685 | -45.0% |
| Furniture and vehicles | 24 | €0 | €5,568 | +€5,568 | |
| Financial fixed assets | 28 | €2,445 | €2,445 | = | 0.0% |
| Current assets | 29/58 | €123,177 | €77,631 | -€45,545 | -37.0% |
| Stocks and contracts in progress | 3 | €23,264 | €17,125 | -€6,139 | -26.4% |
| Stocks | 30/36 | €23,264 | €17,125 | -€6,139 | -26.4% |
| Amounts receivable within one year | 40/41 | €72,712 | €47,227 | -€25,485 | -35.0% |
| Trade receivables | 40 | €51,413 | €47,227 | -€4,185 | -8.1% |
| Other amounts receivable | 41 | €21,299 | - | -€21,299 | |
| Cash at bank and in hand | 54/58 | €15,896 | €7,858 | -€8,038 | -50.6% |
| Deferred charges and accrued income | 490/1 | €11,305 | €5,421 | -€5,884 | -52.0% |
| Total equity and liabilities | 10/49 | €128,989 | €87,512 | -€41,476 | -32.2% |
| Equity | 10/15 | €44,155 | €66,235 | +€22,080 | +50.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,419 | €188,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,807 | €66,807 | = | 0.0% |
| Distributable reserves | 133 | €119,752 | €119,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,464 | -€128,384 | +€22,080 | +14.7% |
| Amounts payable | 17/49 | €84,834 | €21,278 | -€63,556 | -74.9% |
| Amounts payable within one year | 42/48 | €84,290 | €20,750 | -€63,541 | -75.4% |
| Financial debts | 43 | €12,488 | - | -€12,488 | |
| Credit institutions | 430/8 | €12,488 | - | -€12,488 | |
| Trade debts | 44 | €32,473 | €12,381 | -€20,092 | -61.9% |
| Suppliers | 440/4 | €32,473 | €12,381 | -€20,092 | -61.9% |
| Advances received on contracts in progress | 46 | €16,102 | - | -€16,102 | |
| Taxes, remuneration and social security | 45 | €23,226 | €4,812 | -€18,415 | -79.3% |
| Taxes | 450/3 | €2,240 | €4,812 | +€2,572 | +114.8% |
| Remuneration and social security | 454/9 | €20,986 | - | -€20,986 | |
| Other amounts payable | 47/48 | - | €3,557 | +€3,557 | |
| Accrued charges and deferred income | 492/3 | €544 | €528 | -€16 | -2.9% |
| Non-recurring operating income | 76A | - | €1,200 | +€1,200 | |
| Remuneration, social security and pensions | 62 | €25,106 | €1,999 | -€23,107 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,266 | €4,346 | +€80 | +1.9% |
| Other operating charges | 640/8 | €2,573 | €4,348 | +€1,774 | +69.0% |
| Gross operating margin | 9900 | -€228 | €35,950 | +€36,178 | |
| Operating profit (loss) | 9901 | -€32,173 | €25,257 | +€57,430 | |
| Financial income | 75/76B | €1,281 | €27 | -€1,254 | -97.9% |
| Recurring financial income | 75 | €1,281 | €27 | -€1,254 | -97.9% |
| Financial charges | 65/66B | €3,847 | €2,632 | -€1,215 | -31.6% |
| Recurring financial charges | 65 | €3,847 | €2,632 | -€1,215 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,739 | €22,652 | +€57,391 | |
| Income taxes | 67/77 | €522 | €572 | +€50 | +9.6% |
| Profit (loss) for the period | 9904 | -€35,261 | €22,080 | +€57,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,261 | €22,080 | +€57,341 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.