Flex Concept: 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 Concept
Largest movements
- Cash +€43,387
up €43,387 (+20.5%), from €211,690 to €255,077
mainly Net result for the year (+€59,965) and Other debts (+€31,638)
- Receivables within one year +€6,030
up €6,030 (+59.9%), from €10,064 to €16,093
- Tangible fixed assets -€4,235
down €4,235 (-78.9%), from €5,369 to €1,134
of which Furniture and vehicles: -€3,875
- Other debts +€31,638
up €31,638 (+35.3%), from €89,634 to €121,272
- Reserves +€11,219
up €11,219 (+6.9%), from €162,148 to €173,366
- Accrued charges and deferred income +€5,997
new in 2025: €5,997
- Gross operating margin +€10,342
up €10,342 (+12.9%), from €80,055 to €90,397
- Financial income +€2,670
up €2,670 (+300.6%), from €888 to €3,558
- Financial charges +€2,494
up €2,494 (+68.4%), from €3,648 to €6,142
- Taxes -€2,075
down €2,075 (-8.5%), from €24,294 to €22,220
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 | €282,295 | €328,059 | +€45,765 | +16.2% |
| Fixed assets | 21/28 | €5,369 | €1,134 | -€4,235 | -78.9% |
| Tangible fixed assets | 22/27 | €5,369 | €1,134 | -€4,235 | -78.9% |
| Land and buildings | 22 | €360 | - | -€360 | |
| Furniture and vehicles | 24 | €5,009 | €1,134 | -€3,875 | -77.4% |
| Current assets | 29/58 | €276,926 | €326,926 | +€50,000 | +18.1% |
| Stocks and contracts in progress | 3 | €27,220 | €27,116 | -€104 | -0.4% |
| Stocks | 30/36 | €27,220 | €27,116 | -€104 | -0.4% |
| Amounts receivable within one year | 40/41 | €10,064 | €16,093 | +€6,030 | +59.9% |
| Other amounts receivable | 41 | €10,064 | €16,093 | +€6,030 | +59.9% |
| Current investments | 50/53 | €25,113 | €25,113 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €211,690 | €255,077 | +€43,387 | +20.5% |
| Deferred charges and accrued income | 490/1 | €2,838 | €3,526 | +€687 | +24.2% |
| Total equity and liabilities | 10/49 | €282,295 | €328,059 | +€45,765 | +16.2% |
| Equity | 10/15 | €180,834 | €191,966 | +€11,132 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,148 | €173,366 | +€11,219 | +6.9% |
| Distributable reserves | 133 | €162,148 | €173,366 | +€11,219 | +6.9% |
| Profit (loss) carried forward | 14 | €86 | - | -€86 | |
| Amounts payable | 17/49 | €101,461 | €136,093 | +€34,632 | +34.1% |
| Amounts payable within one year | 42/48 | €101,461 | €130,096 | +€28,636 | +28.2% |
| Trade debts | 44 | €1,154 | €1,471 | +€317 | +27.5% |
| Suppliers | 440/4 | €1,154 | €1,471 | +€317 | +27.5% |
| Advances received on contracts in progress | 46 | €1,030 | - | -€1,030 | |
| Taxes, remuneration and social security | 45 | €9,643 | €7,354 | -€2,289 | -23.7% |
| Taxes | 450/3 | €9,643 | €7,354 | -€2,289 | -23.7% |
| Other amounts payable | 47/48 | €89,634 | €121,272 | +€31,638 | +35.3% |
| Accrued charges and deferred income | 492/3 | - | €5,997 | +€5,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,022 | €4,235 | -€787 | -15.7% |
| Other operating charges | 640/8 | €1,097 | €1,393 | +€296 | +27.0% |
| Gross operating margin | 9900 | €80,055 | €90,397 | +€10,342 | +12.9% |
| Operating profit (loss) | 9901 | €73,936 | €84,769 | +€10,832 | +14.7% |
| Financial income | 75/76B | €888 | €3,558 | +€2,670 | +300.6% |
| Recurring financial income | 75 | €888 | €3,558 | +€2,670 | +300.6% |
| Financial charges | 65/66B | €3,648 | €6,142 | +€2,494 | +68.4% |
| Recurring financial charges | 65 | €3,648 | €6,142 | +€2,494 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €71,177 | €82,185 | +€11,008 | +15.5% |
| Income taxes | 67/77 | €24,294 | €22,220 | -€2,075 | -8.5% |
| Profit (loss) for the period | 9904 | €46,883 | €59,965 | +€13,083 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,883 | €59,965 | +€13,083 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.