FLAXEN: 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.
FLAXEN
Largest movements
- Cash +€18,742
up €18,742 (+59.9%), from €31,293 to €50,035
mainly Net result for the year (+€13,550) and Trade debts (+€4,504)
- Receivables within one year -€2,534
down €2,534 (-9.8%), from €25,816 to €23,283
of which Trade receivables: -€1,725
- Deferred charges and accrued income +€1,845
up €1,845 (+1,901%), from €97 to €1,942
- Reserves +€13,550
up €13,550 (+27.2%), from €49,840 to €63,390
- Trade debts +€4,504
up €4,504 (+386%), from €1,166 to €5,670
- Gross operating margin -€9,426
down €9,426 (-32.0%), from €29,456 to €20,030
- Taxes -€1,396
down €1,396 (-18.9%), from €7,392 to €5,996
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 | €57,206 | €75,260 | +€18,054 | +31.6% |
| Current assets | 29/58 | €57,206 | €75,260 | +€18,054 | +31.6% |
| Amounts receivable within one year | 40/41 | €25,816 | €23,283 | -€2,534 | -9.8% |
| Trade receivables | 40 | €2,998 | €1,273 | -€1,725 | -57.5% |
| Other amounts receivable | 41 | €22,818 | €22,010 | -€808 | -3.5% |
| Cash at bank and in hand | 54/58 | €31,293 | €50,035 | +€18,742 | +59.9% |
| Deferred charges and accrued income | 490/1 | €97 | €1,942 | +€1,845 | +1,901% |
| Total equity and liabilities | 10/49 | €57,206 | €75,260 | +€18,054 | +31.6% |
| Equity | 10/15 | €56,040 | €69,590 | +€13,550 | +24.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,840 | €63,390 | +€13,550 | +27.2% |
| Distributable reserves | 133 | €49,840 | €63,390 | +€13,550 | +27.2% |
| Amounts payable | 17/49 | €1,166 | €5,670 | +€4,504 | +386% |
| Amounts payable within one year | 42/48 | €1,166 | €5,670 | +€4,504 | +386% |
| Trade debts | 44 | €1,166 | €5,670 | +€4,504 | +386% |
| Suppliers | 440/4 | €1,166 | €5,670 | +€4,504 | +386% |
| Other operating charges | 640/8 | €413 | €220 | -€193 | -46.7% |
| Gross operating margin | 9900 | €29,456 | €20,030 | -€9,426 | -32.0% |
| Operating profit (loss) | 9901 | €29,043 | €19,810 | -€9,233 | -31.8% |
| Financial income | 75/76B | €172 | - | -€172 | |
| Recurring financial income | 75 | €172 | - | -€172 | |
| Financial charges | 65/66B | €253 | €264 | +€11 | +4.4% |
| Recurring financial charges | 65 | €253 | €264 | +€11 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €28,962 | €19,546 | -€9,416 | -32.5% |
| Income taxes | 67/77 | €7,392 | €5,996 | -€1,396 | -18.9% |
| Profit (loss) for the period | 9904 | €21,570 | €13,550 | -€8,020 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,570 | €13,550 | -€8,020 | -37.2% |
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 21 October 2026 via checked.be.