FLEEX: 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.
FLEEX
Largest movements
- Receivables within one year -€117,779
down €117,779 (-32.1%), from €367,167 to €249,388
of which Other amounts receivable: -€140,674
- Tangible fixed assets -€17,345
down €17,345 (-5.9%), from €295,096 to €277,751
of which Land and buildings: -€14,569
- Profit (loss) carried forward -€126,876
down €126,876, from €27,918 to -€98,959
- Debts after one year -€70,335
down €70,335 (-21.3%), from €329,789 to €259,454
- Other debts +€47,250
up €47,250 (+15.1%), from €313,845 to €361,095
- Trade debts +€13,749
up €13,749 (+71.0%), from €19,374 to €33,122
- Tax, wage and social debts +€9,509
up €9,509 (+45.0%), from €21,152 to €30,661
of which Taxes: +€9,509
- Other operating charges +€134,190
up €134,190 (+15464.3%), from €868 to €135,058
- Gross operating margin +€21,714
up €21,714 (+103.5%), from €20,988 to €42,702
- Financial charges -€5,434
down €5,434 (-17.4%), from €31,151 to €25,717
- Financial income +€1,778
up €1,778 (+23.3%), from €7,631 to €9,409
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 | €851,124 | €720,177 | -€130,948 | -15.4% |
| Fixed assets | 21/28 | €322,147 | €311,002 | -€11,145 | -3.5% |
| Tangible fixed assets | 22/27 | €295,096 | €277,751 | -€17,345 | -5.9% |
| Land and buildings | 22 | €289,863 | €275,294 | -€14,569 | -5.0% |
| Furniture and vehicles | 24 | €5,233 | €2,457 | -€2,776 | -53.0% |
| Financial fixed assets | 28 | €27,051 | €33,251 | +€6,200 | +22.9% |
| Current assets | 29/58 | €528,977 | €409,174 | -€119,803 | -22.6% |
| Amounts receivable after more than one year | 29 | €157,000 | €157,000 | = | 0.0% |
| Other amounts receivable | 291 | €157,000 | €157,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €367,167 | €249,388 | -€117,779 | -32.1% |
| Trade receivables | 40 | €76,613 | €99,509 | +€22,895 | +29.9% |
| Other amounts receivable | 41 | €290,554 | €149,880 | -€140,674 | -48.4% |
| Cash at bank and in hand | 54/58 | €4,810 | €2,786 | -€2,024 | -42.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €851,124 | €720,177 | -€130,948 | -15.4% |
| Equity | 10/15 | €85,450 | -€41,427 | -€126,876 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,932 | €38,932 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,530 | €1,530 | = | 0.0% |
| Distributable reserves | 133 | €37,402 | €37,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,918 | -€98,959 | -€126,876 | |
| Amounts payable | 17/49 | €765,675 | €761,604 | -€4,071 | -0.5% |
| Amounts payable after more than one year | 17 | €329,789 | €259,454 | -€70,335 | -21.3% |
| Financial debts | 170/4 | €329,789 | €259,454 | -€70,335 | -21.3% |
| Amounts payable within one year | 42/48 | €433,977 | €500,240 | +€66,263 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €33,120 | €38,701 | +€5,580 | +16.8% |
| Financial debts | 43 | €5,043 | €0 | -€5,043 | -100.0% |
| Credit institutions | 430/8 | €5,043 | €0 | -€5,043 | -100.0% |
| Trade debts | 44 | €19,374 | €33,122 | +€13,749 | +71.0% |
| Suppliers | 440/4 | €19,374 | €33,122 | +€13,749 | +71.0% |
| Advances received on contracts in progress | 46 | €41,443 | €36,661 | -€4,782 | -11.5% |
| Taxes, remuneration and social security | 45 | €21,152 | €30,661 | +€9,509 | +45.0% |
| Taxes | 450/3 | €21,152 | €30,661 | +€9,509 | +45.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €313,845 | €361,095 | +€47,250 | +15.1% |
| Accrued charges and deferred income | 492/3 | €1,909 | €1,909 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,345 | €17,345 | = | 0.0% |
| Other operating charges | 640/8 | €868 | €135,058 | +€134,190 | +15464.3% |
| Gross operating margin | 9900 | €20,988 | €42,702 | +€21,714 | +103.5% |
| Operating profit (loss) | 9901 | €2,775 | -€109,700 | -€112,475 | |
| Financial income | 75/76B | €7,631 | €9,409 | +€1,778 | +23.3% |
| Recurring financial income | 75 | €7,631 | €9,409 | +€1,778 | +23.3% |
| Financial charges | 65/66B | €31,151 | €25,717 | -€5,434 | -17.4% |
| Recurring financial charges | 65 | €31,151 | €25,717 | -€5,434 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,746 | -€126,009 | -€105,263 | -507.4% |
| Income taxes | 67/77 | €821 | €868 | +€47 | +5.7% |
| Profit (loss) for the period | 9904 | -€21,567 | -€126,876 | -€105,310 | -488.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,567 | -€126,876 | -€105,310 | -488.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.