FLEX B.N GROUP: 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.
FLEX B.N GROUP
Largest movements
- Receivables within one year +€106,509
up €106,509 (+455%), from €23,423 to €129,932
of which Trade receivables: +€81,662
- Cash +€11,737
up €11,737 (+113%), from €10,377 to €22,114
mainly Trade debts (+€84,317) and Net result for the year (+€30,398)
- Tangible fixed assets +€10,055
up €10,055 (+52.7%), from €19,096 to €29,151
- Trade debts +€84,317
up €84,317 (+14,845%), from €568 to €84,885
- Profit (loss) carried forward +€30,397
up €30,397 (+821%), from €3,704 to €34,101
- Tax, wage and social debts +€18,992
up €18,992 (+217%), from €8,744 to €27,736
of which Taxes: +€14,881
- Debts after one year -€5,557
down €5,557 (-37.9%), from €14,675 to €9,118
- Purchases and services -€60,819
no longer reported in 2024 (was €60,819)
- Staff costs -€26,386
down €26,386 (-76.1%), from €34,660 to €8,274
- Gross operating margin +€9,046
up €9,046 (+18.0%), from €50,312 to €59,358
- Taxes +€6,871
up €6,871 (+552%), from €1,245 to €8,116
- Depreciation +€3,400
up €3,400 (+56.3%), from €6,044 to €9,444
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,096 | €181,398 | +€128,302 | +242% |
| Fixed assets | 21/28 | €19,296 | €29,351 | +€10,055 | +52.1% |
| Tangible fixed assets | 22/27 | €19,096 | €29,151 | +€10,055 | +52.7% |
| Furniture and vehicles | 24 | €19,096 | €29,151 | +€10,055 | +52.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €33,800 | €152,047 | +€118,247 | +350% |
| Amounts receivable within one year | 40/41 | €23,423 | €129,932 | +€106,509 | +455% |
| Trade receivables | 40 | €22,619 | €104,281 | +€81,662 | +361% |
| Other amounts receivable | 41 | €804 | €25,652 | +€24,848 | +3,091% |
| Cash at bank and in hand | 54/58 | €10,377 | €22,114 | +€11,737 | +113% |
| Total equity and liabilities | 10/49 | €53,096 | €181,398 | +€128,302 | +242% |
| Equity | 10/15 | €23,704 | €54,101 | +€30,397 | +128% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,704 | €34,101 | +€30,397 | +821% |
| Amounts payable | 17/49 | €29,392 | €127,296 | +€97,904 | +333% |
| Amounts payable after more than one year | 17 | €14,675 | €9,118 | -€5,557 | -37.9% |
| Financial debts | 170/4 | €14,675 | €9,118 | -€5,557 | -37.9% |
| Amounts payable within one year | 42/48 | €14,717 | €118,179 | +€103,462 | +703% |
| Current portion of amounts payable after more than one year | 42 | €5,405 | €5,557 | +€152 | +2.8% |
| Trade debts | 44 | €568 | €84,885 | +€84,317 | +14,845% |
| Suppliers | 440/4 | €568 | €84,885 | +€84,317 | +14,845% |
| Taxes, remuneration and social security | 45 | €8,744 | €27,736 | +€18,992 | +217% |
| Taxes | 450/3 | €5,228 | €20,109 | +€14,881 | +285% |
| Remuneration and social security | 454/9 | €3,516 | €7,627 | +€4,111 | +117% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,819 | - | -€60,819 | |
| Remuneration, social security and pensions | 62 | €34,660 | €8,274 | -€26,386 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,044 | €9,444 | +€3,400 | +56.3% |
| Other operating charges | 640/8 | €1,104 | €2,868 | +€1,764 | +160% |
| Gross operating margin | 9900 | €50,312 | €59,358 | +€9,046 | +18.0% |
| Operating profit (loss) | 9901 | €8,504 | €38,771 | +€30,267 | +356% |
| Financial income | 75/76B | €21 | €826 | +€805 | +3,834% |
| Recurring financial income | 75 | €21 | €826 | +€805 | +3,834% |
| Financial charges | 65/66B | €1,165 | €1,084 | -€81 | -7.0% |
| Recurring financial charges | 65 | €1,165 | €1,084 | -€81 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €7,360 | €38,514 | +€31,154 | +423% |
| Income taxes | 67/77 | €1,245 | €8,116 | +€6,871 | +552% |
| Profit (loss) for the period | 9904 | €6,115 | €30,398 | +€24,283 | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €6,115 | €30,398 | +€24,283 | +397% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.