FlaxCon: 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.
FlaxCon
Largest movements
- Receivables within one year +€340,530
up €340,530 (+89.4%), from €381,053 to €721,583
of which Other amounts receivable: +€201,540
- Tangible fixed assets +€188,821
up €188,821 (+237.6%), from €79,483 to €268,304
of which Assets under construction and advance payments: +€205,991
- Cash -€112,899
down €112,899 (-9.3%), from €1.2m to €1.1m
mainly Receivables within one year (-€340,530) and Investment in fixed assets (net) (-€205,991)
- Reserves +€383,283
up €383,283 (+26.2%), from €1.5m to €1.8m
- Trade debts +€134,083
up €134,083 (+526.8%), from €25,451 to €159,534
- Tax, wage and social debts -€110,844
down €110,844 (-63.3%), from €175,002 to €64,158
- Gross operating margin -€118,576
down €118,576 (-18.7%), from €635,525 to €516,949
- Taxes -€75,276
down €75,276 (-37.9%), from €198,587 to €123,311
- Financial income -€11,752
down €11,752 (-39.7%), from €29,638 to €17,885
- Other operating charges -€8,731
down €8,731 (-81.8%), from €10,676 to €1,945
- Staff costs +€8,677
up €8,677 (+14463.4%), from €60 to €8,737
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 | €1,673,069 | €2,089,524 | +€416,454 | +24.9% |
| Fixed assets | 21/28 | €79,483 | €268,304 | +€188,821 | +237.6% |
| Tangible fixed assets | 22/27 | €79,483 | €268,304 | +€188,821 | +237.6% |
| Land and buildings | 22 | €19,413 | €18,413 | -€1,000 | -5.2% |
| Plant, machinery and equipment | 23 | €605 | €95 | -€510 | -84.3% |
| Furniture and vehicles | 24 | €59,465 | €43,806 | -€15,659 | -26.3% |
| Assets under construction and advance payments | 27 | - | €205,991 | +€205,991 | |
| Current assets | 29/58 | €1,593,586 | €1,821,220 | +€227,634 | +14.3% |
| Amounts receivable within one year | 40/41 | €381,053 | €721,583 | +€340,530 | +89.4% |
| Trade receivables | 40 | €52,672 | €191,663 | +€138,990 | +263.9% |
| Other amounts receivable | 41 | €328,380 | €529,920 | +€201,540 | +61.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,212,484 | €1,099,585 | -€112,899 | -9.3% |
| Deferred charges and accrued income | 490/1 | €50 | €52 | +€2 | +4.2% |
| Total equity and liabilities | 10/49 | €1,673,069 | €2,089,524 | +€416,454 | +24.9% |
| Equity | 10/15 | €1,472,279 | €1,855,561 | +€383,283 | +26.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,462,279 | €1,845,561 | +€383,283 | +26.2% |
| Distributable reserves | 133 | €1,462,279 | €1,845,561 | +€383,283 | +26.2% |
| Amounts payable | 17/49 | €200,791 | €233,962 | +€33,172 | +16.5% |
| Amounts payable within one year | 42/48 | €200,453 | €233,962 | +€33,510 | +16.7% |
| Trade debts | 44 | €25,451 | €159,534 | +€134,083 | +526.8% |
| Suppliers | 440/4 | €25,451 | €159,534 | +€134,083 | +526.8% |
| Taxes, remuneration and social security | 45 | €175,002 | €64,158 | -€110,844 | -63.3% |
| Taxes | 450/3 | €175,002 | €64,158 | -€110,844 | -63.3% |
| Other amounts payable | 47/48 | €0 | €10,270 | +€10,270 | |
| Accrued charges and deferred income | 492/3 | €338 | €0 | -€338 | -100.0% |
| Remuneration, social security and pensions | 62 | €60 | €8,737 | +€8,677 | +14463.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,785 | €17,170 | +€385 | +2.3% |
| Other operating charges | 640/8 | €10,676 | €1,945 | -€8,731 | -81.8% |
| Gross operating margin | 9900 | €635,525 | €516,949 | -€118,576 | -18.7% |
| Operating profit (loss) | 9901 | €608,005 | €489,098 | -€118,907 | -19.6% |
| Financial income | 75/76B | €29,638 | €17,885 | -€11,752 | -39.7% |
| Recurring financial income | 75 | €29,638 | €17,885 | -€11,752 | -39.7% |
| Financial charges | 65/66B | €732 | €390 | -€342 | -46.8% |
| Recurring financial charges | 65 | €732 | €390 | -€342 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €636,911 | €506,593 | -€130,317 | -20.5% |
| Income taxes | 67/77 | €198,587 | €123,311 | -€75,276 | -37.9% |
| Profit (loss) for the period | 9904 | €438,323 | €383,283 | -€55,041 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €438,323 | €383,283 | -€55,041 | -12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.