flex co: 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 co
Largest movements
- Tangible fixed assets +€28,497
up €28,497 (+182.0%), from €15,658 to €44,155
of which Furniture and vehicles: +€28,545
- Cash -€8,802
down €8,802 (-28.1%), from €31,335 to €22,534
mainly Investment in fixed assets (net) (-€37,815) and Debts after one year (-€4,503)
- Receivables within one year +€851
up €851 (+1168.7%), from €73 to €924
of which Other amounts receivable: +€464
- Other debts +€24,404
up €24,404 (+486.5%), from €5,016 to €29,420
- Debts after one year -€4,503
down €4,503 (-40.1%), from €11,224 to €6,721
- Gross operating margin -€15,804
down €15,804 (-59.2%), from €26,696 to €10,892
- Depreciation +€3,804
up €3,804 (+69.0%), from €5,514 to €9,318
- Financial charges -€362
down €362 (-34.9%), from €1,037 to €675
- Taxes +€329
new in 2025: €329
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 | €47,962 | €68,614 | +€20,651 | +43.1% |
| Fixed assets | 21/28 | €15,658 | €44,155 | +€28,497 | +182.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €15,658 | €44,155 | +€28,497 | +182.0% |
| Plant, machinery and equipment | 23 | €48 | €0 | -€48 | -100.0% |
| Furniture and vehicles | 24 | €15,611 | €44,155 | +€28,545 | +182.9% |
| Current assets | 29/58 | €32,304 | €24,458 | -€7,846 | -24.3% |
| Stocks and contracts in progress | 3 | €793 | €1,000 | +€207 | +26.0% |
| Stocks | 30/36 | €793 | €1,000 | +€207 | +26.0% |
| Amounts receivable within one year | 40/41 | €73 | €924 | +€851 | +1168.7% |
| Trade receivables | 40 | - | €387 | +€387 | |
| Other amounts receivable | 41 | €73 | €537 | +€464 | +637.2% |
| Cash at bank and in hand | 54/58 | €31,335 | €22,534 | -€8,802 | -28.1% |
| Deferred charges and accrued income | 490/1 | €102 | €0 | -€102 | -100.0% |
| Total equity and liabilities | 10/49 | €47,962 | €68,614 | +€20,651 | +43.1% |
| Equity | 10/15 | €26,778 | €26,915 | +€138 | +0.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €23,278 | €23,415 | +€138 | +0.6% |
| Distributable reserves | 133 | €23,278 | €23,415 | +€138 | +0.6% |
| Amounts payable | 17/49 | €21,185 | €41,698 | +€20,514 | +96.8% |
| Amounts payable after more than one year | 17 | €11,224 | €6,721 | -€4,503 | -40.1% |
| Financial debts | 170/4 | €11,224 | €6,721 | -€4,503 | -40.1% |
| Amounts payable within one year | 42/48 | €9,960 | €34,978 | +€25,017 | +251.2% |
| Current portion of amounts payable after more than one year | 42 | €4,314 | €4,503 | +€190 | +4.4% |
| Trade debts | 44 | €417 | €594 | +€176 | +42.3% |
| Suppliers | 440/4 | €417 | €594 | +€176 | +42.3% |
| Taxes, remuneration and social security | 45 | €213 | €460 | +€247 | +115.8% |
| Taxes | 450/3 | €213 | €460 | +€247 | +115.8% |
| Other amounts payable | 47/48 | €5,016 | €29,420 | +€24,404 | +486.5% |
| Non-recurring operating income | 76A | €19,557 | €8,767 | -€10,790 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,514 | €9,318 | +€3,804 | +69.0% |
| Other operating charges | 640/8 | €551 | €446 | -€105 | -19.0% |
| Gross operating margin | 9900 | €26,696 | €10,892 | -€15,804 | -59.2% |
| Operating profit (loss) | 9901 | €20,631 | €1,128 | -€19,503 | -94.5% |
| Financial income | 75/76B | €0 | €13 | +€13 | |
| Recurring financial income | 75 | €0 | €13 | +€13 | |
| Financial charges | 65/66B | €1,037 | €675 | -€362 | -34.9% |
| Recurring financial charges | 65 | €1,037 | €675 | -€362 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €19,594 | €467 | -€19,127 | -97.6% |
| Income taxes | 67/77 | - | €329 | +€329 | |
| Profit (loss) for the period | 9904 | €19,594 | €138 | -€19,457 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,594 | €138 | -€19,457 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.