FLAX SPACE: what changed
Two fiscal 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.
FLAX SPACE
Largest movements
- Receivables within one year -€17,558
down €17,558 (-99.4%), from €17,668 to €110
of which Trade receivables: -€16,200
- Tangible fixed assets -€11,879
down €11,879 (-2.7%), from €440,936 to €429,057
- Trade debts -€54,068
down €54,068 (-99.5%), from €54,339 to €271
- Other debts +€41,735
up €41,735 (+19.9%), from €209,443 to €251,178
- Debts after one year -€13,456
down €13,456 (-6.4%), from €210,806 to €197,350
- Profit (loss) carried forward -€6,742
down €6,742 (-22.7%), from -€29,663 to -€36,405
- Gross operating margin +€21,949
up €21,949, from -€2,796 to €19,153
- Depreciation +€17,990
up €17,990 (+3709.3%), from €485 to €18,475
- Financial income +€998
new in 2025: €998
- Financial charges -€832
down €832 (-9.5%), from €8,797 to €7,965
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 | €462,901 | €432,121 | -€30,780 | -6.6% |
| Formation expenses | 20 | €1,456 | €971 | -€485 | -33.3% |
| Fixed assets | 21/28 | €440,936 | €429,057 | -€11,879 | -2.7% |
| Tangible fixed assets | 22/27 | €440,936 | €429,057 | -€11,879 | -2.7% |
| Land and buildings | 22 | €440,936 | €429,057 | -€11,879 | -2.7% |
| Current assets | 29/58 | €20,509 | €2,093 | -€18,416 | -89.8% |
| Amounts receivable within one year | 40/41 | €17,668 | €110 | -€17,558 | -99.4% |
| Trade receivables | 40 | €16,310 | €110 | -€16,200 | -99.3% |
| Other amounts receivable | 41 | €1,358 | - | -€1,358 | |
| Cash at bank and in hand | 54/58 | €2,676 | €1,847 | -€829 | -31.0% |
| Deferred charges and accrued income | 490/1 | €165 | €136 | -€29 | -17.6% |
| Total equity and liabilities | 10/49 | €462,901 | €432,121 | -€30,780 | -6.6% |
| Equity | 10/15 | -€24,663 | -€31,405 | -€6,742 | -27.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,663 | -€36,405 | -€6,742 | -22.7% |
| Amounts payable | 17/49 | €487,564 | €463,526 | -€24,038 | -4.9% |
| Amounts payable after more than one year | 17 | €210,806 | €197,350 | -€13,456 | -6.4% |
| Financial debts | 170/4 | €210,806 | €197,350 | -€13,456 | -6.4% |
| Amounts payable within one year | 42/48 | €276,758 | €265,967 | -€10,791 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €12,976 | €13,456 | +€480 | +3.7% |
| Trade debts | 44 | €54,339 | €271 | -€54,068 | -99.5% |
| Suppliers | 440/4 | €54,339 | €271 | -€54,068 | -99.5% |
| Taxes, remuneration and social security | 45 | - | €1,062 | +€1,062 | |
| Taxes | 450/3 | - | €1,062 | +€1,062 | |
| Other amounts payable | 47/48 | €209,443 | €251,178 | +€41,735 | +19.9% |
| Accrued charges and deferred income | 492/3 | - | €209 | +€209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €18,475 | +€17,990 | +3709.3% |
| Other operating charges | 640/8 | €448 | €453 | +€5 | +1.1% |
| Gross operating margin | 9900 | -€2,796 | €19,153 | +€21,949 | |
| Operating profit (loss) | 9901 | -€3,729 | €225 | +€3,954 | |
| Financial income | 75/76B | - | €998 | +€998 | |
| Recurring financial income | 75 | - | €998 | +€998 | |
| Financial charges | 65/66B | €8,797 | €7,965 | -€832 | -9.5% |
| Recurring financial charges | 65 | €8,797 | €7,965 | -€832 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,526 | -€6,742 | +€5,784 | +46.2% |
| Profit (loss) for the period | 9904 | -€12,526 | -€6,742 | +€5,784 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,526 | -€6,742 | +€5,784 | +46.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.