FLAX: what changed
FLAX
Largest movements
- Deferred charges and accrued income +€6,506
up €6,506 (+725%), from €898 to €7,404
- Tangible fixed assets -€1,134
down €1,134 (-9.1%), from €12,415 to €11,280
of which Furniture and vehicles: -€2,323
- Receivables within one year +€780
up €780 (+12.1%), from €6,475 to €7,255
- Reserves +€12,434
up €12,434 (+40.3%), from €30,869 to €43,303
- Trade debts -€4,331
down €4,331 (-89.4%), from €4,844 to €513
- Other debts -€1,153
down €1,153 (-30.9%), from €3,729 to €2,576
- Tax, wage and social debts -€1,075
down €1,075 (-8.0%), from €13,482 to €12,407
of which Taxes: -€1,286
- Depreciation +€2,209
up €2,209 (+88.5%), from €2,497 to €4,706
- Gross operating margin +€1,706
up €1,706 (+8.3%), from €20,525 to €22,231
- Other operating charges +€434
up €434 (+228%), from €190 to €624
- Taxes -€302
down €302 (-6.4%), from €4,685 to €4,383
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,923 | €61,799 | +€5,876 | +10.5% |
| Fixed assets | 21/28 | €12,415 | €11,280 | -€1,134 | -9.1% |
| Tangible fixed assets | 22/27 | €12,415 | €11,280 | -€1,134 | -9.1% |
| Plant, machinery and equipment | 23 | - | €1,188 | +€1,188 | |
| Furniture and vehicles | 24 | €12,415 | €10,092 | -€2,323 | -18.7% |
| Current assets | 29/58 | €43,508 | €50,518 | +€7,010 | +16.1% |
| Amounts receivable within one year | 40/41 | €6,475 | €7,255 | +€780 | +12.1% |
| Trade receivables | 40 | €6,475 | €7,255 | +€780 | +12.1% |
| Cash at bank and in hand | 54/58 | €36,135 | €35,859 | -€276 | -0.8% |
| Deferred charges and accrued income | 490/1 | €898 | €7,404 | +€6,506 | +725% |
| Total equity and liabilities | 10/49 | €55,923 | €61,799 | +€5,876 | +10.5% |
| Equity | 10/15 | €33,869 | €46,303 | +€12,434 | +36.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,869 | €43,303 | +€12,434 | +40.3% |
| Distributable reserves | 133 | €30,869 | €43,303 | +€12,434 | +40.3% |
| Amounts payable | 17/49 | €22,054 | €15,495 | -€6,559 | -29.7% |
| Amounts payable within one year | 42/48 | €22,054 | €15,495 | -€6,559 | -29.7% |
| Trade debts | 44 | €4,844 | €513 | -€4,331 | -89.4% |
| Suppliers | 440/4 | €4,844 | €513 | -€4,331 | -89.4% |
| Taxes, remuneration and social security | 45 | €13,482 | €12,407 | -€1,075 | -8.0% |
| Taxes | 450/3 | €12,092 | €10,807 | -€1,286 | -10.6% |
| Remuneration and social security | 454/9 | €1,389 | €1,600 | +€211 | +15.2% |
| Other amounts payable | 47/48 | €3,729 | €2,576 | -€1,153 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,497 | €4,706 | +€2,209 | +88.5% |
| Other operating charges | 640/8 | €190 | €624 | +€434 | +228% |
| Gross operating margin | 9900 | €20,525 | €22,231 | +€1,706 | +8.3% |
| Operating profit (loss) | 9901 | €17,838 | €16,901 | -€937 | -5.3% |
| Financial charges | 65/66B | €39 | €83 | +€44 | +113% |
| Recurring financial charges | 65 | €39 | €83 | +€44 | +113% |
| Profit (loss) for the period before taxes | 9903 | €17,799 | €16,818 | -€981 | -5.5% |
| Income taxes | 67/77 | €4,685 | €4,383 | -€302 | -6.4% |
| Profit (loss) for the period | 9904 | €13,113 | €12,434 | -€679 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,113 | €12,434 | -€679 | -5.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.