FLEX: 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.
FLEX
Largest movements
- Deferred charges and accrued income -€12,919
no longer reported in 2025 (was €12,919)
- Receivables within one year -€8,205
down €8,205 (-1.9%), from €433,172 to €424,967
of which Trade receivables: -€17,000
- Profit (loss) carried forward -€13,915
down €13,915 (-414.4%), from -€3,358 to -€17,273
- Tax, wage and social debts -€7,872
down €7,872 (-100.0%), from €7,874 to €2
- Gross operating margin -€15,131
down €15,131, from €6,702 to -€8,429
- Taxes -€3,435
no longer reported in 2025 (was €3,435)
- Other operating charges -€1,337
down €1,337 (-63.0%), from €2,122 to €785
- Financial charges +€633
up €633 (+15.3%), from €4,146 to €4,779
- Depreciation -€358
no longer reported in 2025 (was €358)
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 | €448,600 | €427,361 | -€21,239 | -4.7% |
| Fixed assets | 21/28 | €1,658 | €1,658 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,658 | €1,658 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,116 | €1,116 | = | 0.0% |
| Furniture and vehicles | 24 | €542 | €542 | = | 0.0% |
| Current assets | 29/58 | €446,943 | €425,704 | -€21,239 | -4.8% |
| Amounts receivable within one year | 40/41 | €433,172 | €424,967 | -€8,205 | -1.9% |
| Trade receivables | 40 | €34,071 | €17,071 | -€17,000 | -49.9% |
| Other amounts receivable | 41 | €399,101 | €407,896 | +€8,795 | +2.2% |
| Cash at bank and in hand | 54/58 | €852 | €736 | -€115 | -13.5% |
| Deferred charges and accrued income | 490/1 | €12,919 | - | -€12,919 | |
| Total equity and liabilities | 10/49 | €448,600 | €427,361 | -€21,239 | -4.7% |
| Equity | 10/15 | €244,371 | €230,456 | -€13,915 | -5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €229,137 | €229,137 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €227,278 | €227,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,358 | -€17,273 | -€13,915 | -414.4% |
| Amounts payable | 17/49 | €204,229 | €196,905 | -€7,324 | -3.6% |
| Amounts payable within one year | 42/48 | €204,229 | €196,905 | -€7,324 | -3.6% |
| Trade debts | 44 | €3,468 | €5,761 | +€2,294 | +66.1% |
| Suppliers | 440/4 | €3,468 | €5,761 | +€2,294 | +66.1% |
| Taxes, remuneration and social security | 45 | €7,874 | €2 | -€7,872 | -100.0% |
| Taxes | 450/3 | €7,874 | €2 | -€7,872 | -100.0% |
| Other amounts payable | 47/48 | €192,887 | €191,142 | -€1,745 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | - | -€358 | |
| Other operating charges | 640/8 | €2,122 | €785 | -€1,337 | -63.0% |
| Gross operating margin | 9900 | €6,702 | -€8,429 | -€15,131 | |
| Operating profit (loss) | 9901 | €4,223 | -€9,213 | -€13,436 | |
| Financial income | 75/76B | €0 | €77 | +€77 | +385550.0% |
| Recurring financial income | 75 | €0 | €77 | +€77 | +385550.0% |
| Financial charges | 65/66B | €4,146 | €4,779 | +€633 | +15.3% |
| Recurring financial charges | 65 | €4,146 | €4,779 | +€633 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €77 | -€13,915 | -€13,992 | |
| Income taxes | 67/77 | €3,435 | - | -€3,435 | |
| Profit (loss) for the period | 9904 | -€3,358 | -€13,915 | -€10,557 | -314.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,358 | -€13,915 | -€10,557 | -314.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.