FLEJINVEST: 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.
FLEJINVEST
Largest movements
- Tangible fixed assets -€47,321
down €47,321 (-5.1%), from €935,493 to €888,172
- Cash +€39,210
up €39,210 (+15.1%), from €260,308 to €299,518
mainly Depreciation (+€47,321) and Net result for the year (+€23,677)
- Receivables within one year -€12,374
down €12,374 (-97.8%), from €12,649 to €275
- Debts after one year -€43,149
down €43,149 (-8.9%), from €482,893 to €439,744
of which Financial debts: -€41,311
- Reserves +€23,600
up €23,600 (+1,903%), from €1,240 to €24,840
- Gross operating margin +€3,246
up €3,246 (+3.4%), from €94,710 to €97,956
- Taxes +€2,360
new in 2025: €2,360
- Depreciation -€1,005
down €1,005 (-2.1%), from €48,326 to €47,321
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 | €1,212,008 | €1,190,435 | -€21,573 | -1.8% |
| Fixed assets | 21/28 | €937,963 | €890,642 | -€47,321 | -5.0% |
| Tangible fixed assets | 22/27 | €935,493 | €888,172 | -€47,321 | -5.1% |
| Land and buildings | 22 | €935,493 | €888,172 | -€47,321 | -5.1% |
| Financial fixed assets | 28 | €2,470 | €2,470 | = | 0.0% |
| Current assets | 29/58 | €274,046 | €299,793 | +€25,748 | +9.4% |
| Amounts receivable within one year | 40/41 | €12,649 | €275 | -€12,374 | -97.8% |
| Other amounts receivable | 41 | €12,649 | €275 | -€12,374 | -97.8% |
| Cash at bank and in hand | 54/58 | €260,308 | €299,518 | +€39,210 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,089 | - | -€1,089 | |
| Total equity and liabilities | 10/49 | €1,212,008 | €1,190,435 | -€21,573 | -1.8% |
| Equity | 10/15 | €685,773 | €704,768 | +€18,995 | +2.8% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €1,240 | €24,840 | +€23,600 | +1,903% |
| Distributable reserves | 133 | €1,240 | €24,840 | +€23,600 | +1,903% |
| Profit (loss) carried forward | 14 | €11,161 | €11,238 | +€77 | +0.7% |
| Investment grants | 15 | €93,372 | €88,691 | -€4,682 | -5.0% |
| Amounts payable | 17/49 | €526,235 | €485,667 | -€40,568 | -7.7% |
| Amounts payable after more than one year | 17 | €482,893 | €439,744 | -€43,149 | -8.9% |
| Financial debts | 170/4 | €246,403 | €205,093 | -€41,311 | -16.8% |
| Other amounts payable | 178/9 | €236,489 | €234,651 | -€1,838 | -0.8% |
| Amounts payable within one year | 42/48 | €43,342 | €45,923 | +€2,581 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €40,683 | €41,311 | +€627 | +1.5% |
| Taxes, remuneration and social security | 45 | €2,659 | €4,612 | +€1,953 | +73.5% |
| Taxes | 450/3 | €2,659 | €4,612 | +€1,953 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,326 | €47,321 | -€1,005 | -2.1% |
| Other operating charges | 640/8 | €16,645 | €17,288 | +€643 | +3.9% |
| Gross operating margin | 9900 | €94,710 | €97,956 | +€3,246 | +3.4% |
| Operating profit (loss) | 9901 | €29,739 | €33,347 | +€3,609 | +12.1% |
| Financial income | 75/76B | €5,787 | €5,977 | +€190 | +3.3% |
| Recurring financial income | 75 | €5,787 | €5,977 | +€190 | +3.3% |
| Financial charges | 65/66B | €13,901 | €13,287 | -€614 | -4.4% |
| Recurring financial charges | 65 | €13,901 | €13,287 | -€614 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €21,624 | €26,037 | +€4,413 | +20.4% |
| Income taxes | 67/77 | - | €2,360 | +€2,360 | |
| Profit (loss) for the period | 9904 | €21,624 | €23,677 | +€2,053 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,624 | €23,677 | +€2,053 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.