FIXAFLEX: 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.
FIXAFLEX
Largest movements
- Stocks and contracts +€192,427
up €192,427 (+5.5%), from €3.5m to €3.7m
- Receivables within one year +€165,516
up €165,516 (+21.3%), from €778,343 to €943,858
of which Trade receivables: +€98,662
- Cash +€61,931
up €61,931 (+71.3%), from €86,869 to €148,800
mainly Net result for the year (+€1.1m) and Short-term financial debts (+€415,915)
- Tangible fixed assets +€57,979
up €57,979 (+14.1%), from €410,815 to €468,794
of which Leasing and similar rights: +€41,456
- Reserves +€484,147
up €484,147 (+23.3%), from €2.1m to €2.6m
of which Distributable reserves: +€484,147
- Other debts -€428,004
down €428,004 (-40.6%), from €1.1m to €625,000
- Short-term financial debts +€415,915
up €415,915, from €0 to €415,915
- Tax, wage and social debts +€65,345
up €65,345 (+36.9%), from €176,953 to €242,297
of which Taxes: +€61,899
- Advances received -€55,038
down €55,038 (-100.0%), from €55,038 to €0
- Gross operating margin +€284,649
up €284,649 (+11.3%), from €2.5m to €2.8m
- Staff costs +€53,102
up €53,102 (+4.6%), from €1.2m to €1.2m
- Financial income -€46,105
down €46,105 (-99.1%), from €46,511 to €406
- Other operating charges +€30,955
up €30,955 (+34.9%), from €88,588 to €119,543
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 | €4,803,689 | €5,304,133 | +€500,444 | +10.4% |
| Fixed assets | 21/28 | €410,815 | €468,794 | +€57,979 | +14.1% |
| Tangible fixed assets | 22/27 | €410,815 | €468,794 | +€57,979 | +14.1% |
| Land and buildings | 22 | €210,916 | €197,183 | -€13,733 | -6.5% |
| Plant, machinery and equipment | 23 | €181,897 | €216,610 | +€34,713 | +19.1% |
| Furniture and vehicles | 24 | €18,003 | €13,545 | -€4,458 | -24.8% |
| Leasing and similar rights | 25 | - | €41,456 | +€41,456 | |
| Current assets | 29/58 | €4,392,874 | €4,835,339 | +€442,466 | +10.1% |
| Stocks and contracts in progress | 3 | €3,527,662 | €3,720,089 | +€192,427 | +5.5% |
| Stocks | 30/36 | €3,527,662 | €3,720,089 | +€192,427 | +5.5% |
| Amounts receivable within one year | 40/41 | €778,343 | €943,858 | +€165,516 | +21.3% |
| Trade receivables | 40 | €754,706 | €853,369 | +€98,662 | +13.1% |
| Other amounts receivable | 41 | €23,636 | €90,490 | +€66,854 | +282.8% |
| Cash at bank and in hand | 54/58 | €86,869 | €148,800 | +€61,931 | +71.3% |
| Deferred charges and accrued income | 490/1 | - | €22,592 | +€22,592 | |
| Total equity and liabilities | 10/49 | €4,803,689 | €5,304,133 | +€500,444 | +10.4% |
| Equity | 10/15 | €2,587,232 | €3,071,172 | +€483,939 | +18.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,077,871 | €2,562,018 | +€484,147 | +23.3% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,870 | €2,870 | = | 0.0% |
| Distributable reserves | 133 | €2,025,001 | €2,509,148 | +€484,147 | +23.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €9,361 | €9,153 | -€208 | -2.2% |
| Provisions and deferred taxes | 16 | €3,120 | €3,051 | -€69 | -2.2% |
| Deferred taxes | 168 | €3,120 | €3,051 | -€69 | -2.2% |
| Amounts payable | 17/49 | €2,213,336 | €2,229,910 | +€16,574 | +0.7% |
| Amounts payable after more than one year | 17 | - | €20,123 | +€20,123 | |
| Financial debts | 170/4 | - | €20,123 | +€20,123 | |
| Amounts payable within one year | 42/48 | €2,213,336 | €2,209,787 | -€3,549 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,967 | +€12,967 | |
| Financial debts | 43 | €0 | €415,915 | +€415,915 | |
| Credit institutions | 430/8 | €0 | €415,915 | +€415,915 | |
| Trade debts | 44 | €928,341 | €913,607 | -€14,734 | -1.6% |
| Suppliers | 440/4 | €928,341 | €913,607 | -€14,734 | -1.6% |
| Advances received on contracts in progress | 46 | €55,038 | €0 | -€55,038 | -100.0% |
| Taxes, remuneration and social security | 45 | €176,953 | €242,297 | +€65,345 | +36.9% |
| Taxes | 450/3 | €51,120 | €113,019 | +€61,899 | +121.1% |
| Remuneration and social security | 454/9 | €125,832 | €129,278 | +€3,445 | +2.7% |
| Other amounts payable | 47/48 | €1,053,004 | €625,000 | -€428,004 | -40.6% |
| Non-recurring operating income | 76A | €1,832 | €0 | -€1,832 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,156,046 | €1,209,148 | +€53,102 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,879 | €89,124 | +€6,245 | +7.5% |
| Other operating charges | 640/8 | €88,588 | €119,543 | +€30,955 | +34.9% |
| Non-recurring operating charges | 66A | - | €119 | +€119 | |
| Gross operating margin | 9900 | €2,511,879 | €2,796,528 | +€284,649 | +11.3% |
| Operating profit (loss) | 9901 | €1,184,366 | €1,378,595 | +€194,229 | +16.4% |
| Financial income | 75/76B | €46,511 | €406 | -€46,105 | -99.1% |
| Recurring financial income | 75 | €46,511 | €406 | -€46,105 | -99.1% |
| Financial charges | 65/66B | €95,600 | €100,647 | +€5,048 | +5.3% |
| Recurring financial charges | 65 | €95,600 | €100,647 | +€5,048 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €1,135,276 | €1,278,353 | +€143,077 | +12.6% |
| Transfer from deferred taxes | 780 | €69 | €69 | = | 0.0% |
| Income taxes | 67/77 | €152,626 | €169,275 | +€16,650 | +10.9% |
| Profit (loss) for the period | 9904 | €982,720 | €1,109,147 | +€126,427 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €982,720 | €1,109,147 | +€126,427 | +12.9% |
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 10 October 2026 via checked.be.