FLAXSEED SERVICES: 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.
What changed
FLAXSEED SERVICES
NACE 52.249, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€239,767
2024 · €306,358-€66,591
Equity
€3.7m
2024 · €3.5m+€206,467
Cash
€60,435
2024 · €33,914+€26,522
Balance sheet total
€6.5m
2024 · €7.0m-€512,636
Largest movements
Assets
- Tangible fixed assets -€356,130
down €356,130 (-7.5%), from €4.8m to €4.4m
of which Land and buildings: -€297,171
- Receivables within one year -€215,838
down €215,838 (-11.0%), from €2.0m to €1.7m
of which Trade receivables: -€154,062
Equity and liabilities
- Debts after one year -€395,795
down €395,795 (-16.3%), from €2.4m to €2.0m
- Trade debts -€328,096
down €328,096 (-72.3%), from €453,669 to €125,573
- Reserves +€239,767
up €239,767 (+8.5%), from €2.8m to €3.1m
of which Distributable reserves: +€239,767
Income statement
- Gross operating margin -€77,295
down €77,295 (-5.4%), from €1.4m to €1.3m
- Taxes -€24,847
down €24,847 (-27.1%), from €91,747 to €66,899
- Depreciation +€22,899
up €22,899 (+3.8%), from €595,658 to €618,557
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.
Result 2024
€306,358
Gross operating margin
-€77,295
Staff costs
+€5,659
Depreciation
-€22,899
Other operating charges
-€1,829
Financial income
-€3,989
Financial charges
+€9,768
Taxes
+€24,847
Deferred taxes and other
-€853
Result 2025
€239,767
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€717,599
Investment
-€262,427
Financing
-€428,651
Cash 2024
€33,914
From operations (derived)
+€717,599
Net result for the year
+€239,767
Depreciation
+€618,557
Receivables within one year
+€215,838
Deferred charges and accrued income
-€32,810
Provisions
-€11,100
Trade debts
-€328,096
Tax, wage and social debts
+€20,618
Advances received
-€6,284
Smaller working-capital items
+€1,110
Investment (derived)
-€262,427
Investment in fixed assets (net)
-€262,427
Financing
-€428,651
Debts after one year
-€395,795
Current portion of long-term debt
+€445
Contributions, distributions and other
-€33,300
Cash 2025
€60,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,982,935 | €6,470,299 | -€512,636 | -7.3% |
| Fixed assets | 21/28 | €4,765,539 | €4,409,409 | -€356,130 | -7.5% |
| Tangible fixed assets | 22/27 | €4,765,539 | €4,409,409 | -€356,130 | -7.5% |
| Land and buildings | 22 | €3,312,702 | €3,015,531 | -€297,171 | -9.0% |
| Plant, machinery and equipment | 23 | €1,303,717 | €1,228,247 | -€75,471 | -5.8% |
| Furniture and vehicles | 24 | €149,119 | €165,631 | +€16,512 | +11.1% |
| Current assets | 29/58 | €2,217,396 | €2,060,890 | -€156,506 | -7.1% |
| Amounts receivable within one year | 40/41 | €1,961,398 | €1,745,561 | -€215,838 | -11.0% |
| Trade receivables | 40 | €1,869,502 | €1,715,440 | -€154,062 | -8.2% |
| Other amounts receivable | 41 | €91,896 | €30,120 | -€61,776 | -67.2% |
| Cash at bank and in hand | 54/58 | €33,914 | €60,435 | +€26,522 | +78.2% |
| Deferred charges and accrued income | 490/1 | €222,084 | €254,894 | +€32,810 | +14.8% |
| Total equity and liabilities | 10/49 | €6,982,935 | €6,470,299 | -€512,636 | -7.3% |
| Equity | 10/15 | €3,517,662 | €3,724,129 | +€206,467 | +5.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €2,815,172 | €3,054,939 | +€239,767 | +8.5% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €203 | €203 | = | 0.0% |
| Distributable reserves | 133 | €2,769,970 | €3,009,737 | +€239,767 | +8.7% |
| Investment grants | 15 | €252,490 | €219,190 | -€33,300 | -13.2% |
| Provisions and deferred taxes | 16 | €84,163 | €73,063 | -€11,100 | -13.2% |
| Deferred taxes | 168 | €84,163 | €73,063 | -€11,100 | -13.2% |
| Amounts payable | 17/49 | €3,381,109 | €2,673,106 | -€708,003 | -20.9% |
| Amounts payable after more than one year | 17 | €2,430,019 | €2,034,224 | -€395,795 | -16.3% |
| Financial debts | 170/4 | €2,430,019 | €2,034,224 | -€395,795 | -16.3% |
| Amounts payable within one year | 42/48 | €946,524 | €634,146 | -€312,379 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €395,350 | €395,795 | +€445 | +0.1% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Other loans | 439 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €453,669 | €125,573 | -€328,096 | -72.3% |
| Suppliers | 440/4 | €453,669 | €125,573 | -€328,096 | -72.3% |
| Advances received on contracts in progress | 46 | €13,260 | €6,976 | -€6,284 | -47.4% |
| Taxes, remuneration and social security | 45 | €33,745 | €54,363 | +€20,618 | +61.1% |
| Taxes | 450/3 | €10,622 | €21,244 | +€10,622 | +100% |
| Remuneration and social security | 454/9 | €23,123 | €33,118 | +€9,995 | +43.2% |
| Other amounts payable | 47/48 | €10,500 | €11,439 | +€939 | +8.9% |
| Accrued charges and deferred income | 492/3 | €4,566 | €4,737 | +€171 | +3.7% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €380,143 | €374,484 | -€5,659 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595,658 | €618,557 | +€22,899 | +3.8% |
| Other operating charges | 640/8 | €31,208 | €33,037 | +€1,829 | +5.9% |
| Gross operating margin | 9900 | €1,419,964 | €1,342,669 | -€77,295 | -5.4% |
| Operating profit (loss) | 9901 | €412,955 | €316,591 | -€96,364 | -23.3% |
| Financial income | 75/76B | €38,071 | €34,082 | -€3,989 | -10.5% |
| Recurring financial income | 75 | €38,071 | €34,082 | -€3,989 | -10.5% |
| Financial charges | 65/66B | €64,874 | €55,107 | -€9,768 | -15.1% |
| Recurring financial charges | 65 | €64,874 | €55,107 | -€9,768 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €386,152 | €295,566 | -€90,586 | -23.5% |
| Transfer from deferred taxes | 780 | €11,953 | €11,100 | -€853 | -7.1% |
| Income taxes | 67/77 | €91,747 | €66,899 | -€24,847 | -27.1% |
| Profit (loss) for the period | 9904 | €306,358 | €239,767 | -€66,591 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €306,358 | €239,767 | -€66,591 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.