Flax & Stitch: 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.
Flax & Stitch
Largest movements
- Intangible fixed assets -€32,000
down €32,000 (-23.1%), from €138,667 to €106,667
- Cash -€27,908
down €27,908 (-68.2%), from €40,915 to €13,007
mainly Net result for the year (-€68,818) and Trade debts (-€8,391)
- Receivables within one year -€9,616
down €9,616 (-37.5%), from €25,655 to €16,039
of which Trade receivables: -€14,009
- Stocks and contracts -€4,456
down €4,456 (-3.2%), from €140,395 to €135,939
- Reserves -€69,000
down €69,000 (-66.0%), from €104,500 to €35,500
of which Distributable reserves: -€69,000
- Trade debts -€8,391
down €8,391 (-60.9%), from €13,769 to €5,378
- Other debts +€6,622
up €6,622 (+3.0%), from €219,979 to €226,601
- Gross operating margin -€15,147
down €15,147 (-95.7%), from -€15,822 to -€30,969
- Depreciation +€1,105
up €1,105 (+3.3%), from €33,719 to €34,824
- Financial charges -€1,058
down €1,058 (-27.2%), from €3,883 to €2,825
- Other operating charges -€335
down €335 (-40.1%), from €836 to €501
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 | €357,565 | €283,887 | -€73,678 | -20.6% |
| Fixed assets | 21/28 | €149,699 | €118,268 | -€31,431 | -21.0% |
| Intangible fixed assets | 21 | €138,667 | €106,667 | -€32,000 | -23.1% |
| Tangible fixed assets | 22/27 | €9,367 | €9,936 | +€569 | +6.1% |
| Plant, machinery and equipment | 23 | €614 | €411 | -€203 | -33.0% |
| Furniture and vehicles | 24 | €1,339 | €3,110 | +€1,771 | +132% |
| Other tangible fixed assets | 26 | €7,414 | €6,415 | -€999 | -13.5% |
| Financial fixed assets | 28 | €1,665 | €1,665 | = | 0.0% |
| Current assets | 29/58 | €207,866 | €165,620 | -€42,246 | -20.3% |
| Stocks and contracts in progress | 3 | €140,395 | €135,939 | -€4,456 | -3.2% |
| Stocks | 30/36 | €140,395 | €135,939 | -€4,456 | -3.2% |
| Amounts receivable within one year | 40/41 | €25,655 | €16,039 | -€9,616 | -37.5% |
| Trade receivables | 40 | €25,591 | €11,582 | -€14,009 | -54.7% |
| Other amounts receivable | 41 | €64 | €4,457 | +€4,393 | +6,864% |
| Cash at bank and in hand | 54/58 | €40,915 | €13,007 | -€27,908 | -68.2% |
| Deferred charges and accrued income | 490/1 | €901 | €635 | -€266 | -29.5% |
| Total equity and liabilities | 10/49 | €357,565 | €283,887 | -€73,678 | -20.6% |
| Equity | 10/15 | €120,291 | €51,473 | -€68,818 | -57.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €104,500 | €35,500 | -€69,000 | -66.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €103,000 | €34,000 | -€69,000 | -67.0% |
| Profit (loss) carried forward | 14 | €791 | €973 | +€182 | +23.0% |
| Amounts payable | 17/49 | €237,274 | €232,415 | -€4,859 | -2.0% |
| Amounts payable within one year | 42/48 | €237,231 | €232,415 | -€4,816 | -2.0% |
| Financial debts | 43 | €335 | - | -€335 | |
| Credit institutions | 430/8 | €335 | - | -€335 | |
| Trade debts | 44 | €13,769 | €5,378 | -€8,391 | -60.9% |
| Suppliers | 440/4 | €13,769 | €5,378 | -€8,391 | -60.9% |
| Taxes, remuneration and social security | 45 | €3,148 | €436 | -€2,712 | -86.1% |
| Taxes | 450/3 | €3,148 | €436 | -€2,712 | -86.1% |
| Other amounts payable | 47/48 | €219,979 | €226,601 | +€6,622 | +3.0% |
| Accrued charges and deferred income | 492/3 | €43 | - | -€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,719 | €34,824 | +€1,105 | +3.3% |
| Other operating charges | 640/8 | €836 | €501 | -€335 | -40.1% |
| Gross operating margin | 9900 | -€15,822 | -€30,969 | -€15,147 | -95.7% |
| Operating profit (loss) | 9901 | -€50,377 | -€66,293 | -€15,916 | -31.6% |
| Financial income | 75/76B | €572 | €553 | -€19 | -3.3% |
| Recurring financial income | 75 | €572 | €553 | -€19 | -3.3% |
| Financial charges | 65/66B | €3,883 | €2,825 | -€1,058 | -27.2% |
| Recurring financial charges | 65 | €3,883 | €2,825 | -€1,058 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,688 | -€68,565 | -€14,877 | -27.7% |
| Income taxes | 67/77 | - | €253 | +€253 | |
| Profit (loss) for the period | 9904 | -€53,688 | -€68,818 | -€15,130 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,688 | -€68,818 | -€15,130 | -28.2% |
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 27 October 2026 via checked.be.