FLEX-A: 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-A
Largest movements
- Tangible fixed assets +€17,208
up €17,208 (+25.7%), from €66,861 to €84,069
of which Furniture and vehicles: +€11,086
- Cash +€5,524
up €5,524 (+8.9%), from €62,087 to €67,611
mainly Net result for the year (+€123,601) and Depreciation (+€13,896)
- Receivables within one year -€4,885
down €4,885 (-7.2%), from €68,267 to €63,381
of which Other amounts receivable: -€3,294
- Reserves +€63,601
up €63,601 (+128.0%), from €49,683 to €113,285
of which Distributable reserves: +€63,601
- Other debts -€47,064
down €47,064 (-44.0%), from €107,075 to €60,012
- Gross operating margin +€20,315
up €20,315 (+13.1%), from €154,641 to €174,956
- Taxes +€5,736
up €5,736 (+18.7%), from €30,706 to €36,442
- Depreciation -€2,185
down €2,185 (-13.6%), from €16,081 to €13,896
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 | €200,435 | €217,783 | +€17,347 | +8.7% |
| Fixed assets | 21/28 | €66,861 | €84,069 | +€17,208 | +25.7% |
| Tangible fixed assets | 22/27 | €66,861 | €84,069 | +€17,208 | +25.7% |
| Furniture and vehicles | 24 | €3,717 | €14,803 | +€11,086 | +298.3% |
| Other tangible fixed assets | 26 | €63,144 | €69,267 | +€6,122 | +9.7% |
| Current assets | 29/58 | €133,574 | €133,713 | +€139 | +0.1% |
| Amounts receivable within one year | 40/41 | €68,267 | €63,381 | -€4,885 | -7.2% |
| Trade receivables | 40 | €64,973 | €63,381 | -€1,592 | -2.4% |
| Other amounts receivable | 41 | €3,294 | - | -€3,294 | |
| Cash at bank and in hand | 54/58 | €62,087 | €67,611 | +€5,524 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,221 | €2,721 | -€499 | -15.5% |
| Total equity and liabilities | 10/49 | €200,435 | €217,783 | +€17,347 | +8.7% |
| Equity | 10/15 | €68,283 | €131,885 | +€63,601 | +93.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,683 | €113,285 | +€63,601 | +128.0% |
| Tax-exempt reserves | 132 | €32,400 | €32,400 | = | 0.0% |
| Distributable reserves | 133 | €17,283 | €80,885 | +€63,601 | +368.0% |
| Amounts payable | 17/49 | €132,152 | €85,898 | -€46,254 | -35.0% |
| Amounts payable within one year | 42/48 | €130,751 | €84,482 | -€46,268 | -35.4% |
| Trade debts | 44 | €8,096 | €9,518 | +€1,422 | +17.6% |
| Suppliers | 440/4 | €8,096 | €9,518 | +€1,422 | +17.6% |
| Taxes, remuneration and social security | 45 | €15,579 | €14,953 | -€627 | -4.0% |
| Taxes | 450/3 | €15,579 | €14,953 | -€627 | -4.0% |
| Other amounts payable | 47/48 | €107,075 | €60,012 | -€47,064 | -44.0% |
| Accrued charges and deferred income | 492/3 | €1,401 | €1,415 | +€14 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,081 | €13,896 | -€2,185 | -13.6% |
| Other operating charges | 640/8 | €844 | €916 | +€72 | +8.5% |
| Gross operating margin | 9900 | €154,641 | €174,956 | +€20,315 | +13.1% |
| Operating profit (loss) | 9901 | €137,715 | €160,143 | +€22,428 | +16.3% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €45 | €99 | +€54 | +120.9% |
| Recurring financial charges | 65 | €45 | €99 | +€54 | +120.9% |
| Profit (loss) for the period before taxes | 9903 | €137,770 | €160,044 | +€22,273 | +16.2% |
| Income taxes | 67/77 | €30,706 | €36,442 | +€5,736 | +18.7% |
| Profit (loss) for the period | 9904 | €107,064 | €123,601 | +€16,537 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €107,064 | €123,601 | +€16,537 | +15.4% |
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 7 October 2026 via checked.be.