FLEX DESIGN: 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 DESIGN
Largest movements
- Receivables within one year +€126,625
up €126,625 (+86.9%), from €145,636 to €272,261
of which Trade receivables: +€115,662
- Stocks and contracts -€63,371
down €63,371 (-13.8%), from €458,554 to €395,183
of which Contracts in progress: -€75,787
- Tangible fixed assets -€18,963
down €18,963 (-4.4%), from €431,325 to €412,363
of which Land and buildings: -€14,009
- Debts after one year -€39,528
down €39,528 (-11.8%), from €335,068 to €295,540
- Trade debts +€30,747
up €30,747 (+12.1%), from €254,546 to €285,293
- Other debts +€17,956
up €17,956 (+194%), from €9,254 to €27,209
- Tax, wage and social debts +€12,067
up €12,067 (+59.3%), from €20,345 to €32,412
of which Remuneration and social security: +€13,456
- Reserves +€11,482
up €11,482 (+4.2%), from €270,960 to €282,442
- Staff costs -€16,484
down €16,484 (-6.1%), from €269,008 to €252,524
- Financial charges +€15,315
up €15,315 (+112%), from €13,617 to €28,932
- Taxes -€9,228
down €9,228 (-72.0%), from €12,820 to €3,591
- Gross operating margin -€7,877
down €7,877 (-2.2%), from €354,704 to €346,828
- Depreciation +€6,642
up €6,642 (+19.9%), from €33,418 to €40,061
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.
Derived cash bridge
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 | €1,099,002 | €1,131,550 | +€32,548 | +3.0% |
| Fixed assets | 21/28 | €436,957 | €416,488 | -€20,469 | -4.7% |
| Intangible fixed assets | 21 | €5,632 | €4,125 | -€1,507 | -26.8% |
| Tangible fixed assets | 22/27 | €431,325 | €412,363 | -€18,963 | -4.4% |
| Land and buildings | 22 | €406,739 | €392,730 | -€14,009 | -3.4% |
| Plant, machinery and equipment | 23 | €14,846 | €11,199 | -€3,647 | -24.6% |
| Furniture and vehicles | 24 | €9,741 | €8,434 | -€1,307 | -13.4% |
| Current assets | 29/58 | €662,045 | €715,063 | +€53,018 | +8.0% |
| Stocks and contracts in progress | 3 | €458,554 | €395,183 | -€63,371 | -13.8% |
| Stocks | 30/36 | €199,327 | €211,743 | +€12,416 | +6.2% |
| Contracts in progress | 37 | €259,227 | €183,439 | -€75,787 | -29.2% |
| Amounts receivable within one year | 40/41 | €145,636 | €272,261 | +€126,625 | +86.9% |
| Trade receivables | 40 | €115,144 | €230,806 | +€115,662 | +100% |
| Other amounts receivable | 41 | €30,492 | €41,455 | +€10,963 | +36.0% |
| Cash at bank and in hand | 54/58 | €57,855 | €47,619 | -€10,236 | -17.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,099,002 | €1,131,550 | +€32,548 | +3.0% |
| Equity | 10/15 | €289,560 | €301,042 | +€11,482 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €270,960 | €282,442 | +€11,482 | +4.2% |
| Distributable reserves | 133 | €270,960 | €282,442 | +€11,482 | +4.2% |
| Amounts payable | 17/49 | €809,442 | €830,508 | +€21,066 | +2.6% |
| Amounts payable after more than one year | 17 | €335,068 | €295,540 | -€39,528 | -11.8% |
| Financial debts | 170/4 | €335,068 | €295,540 | -€39,528 | -11.8% |
| Amounts payable within one year | 42/48 | €474,374 | €534,442 | +€60,069 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €40,229 | €39,528 | -€701 | -1.7% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €254,546 | €285,293 | +€30,747 | +12.1% |
| Suppliers | 440/4 | €254,546 | €285,293 | +€30,747 | +12.1% |
| Taxes, remuneration and social security | 45 | €20,345 | €32,412 | +€12,067 | +59.3% |
| Taxes | 450/3 | €12,935 | €11,546 | -€1,389 | -10.7% |
| Remuneration and social security | 454/9 | €7,409 | €20,865 | +€13,456 | +182% |
| Other amounts payable | 47/48 | €9,254 | €27,209 | +€17,956 | +194% |
| Accrued charges and deferred income | 492/3 | - | €525 | +€525 | |
| Remuneration, social security and pensions | 62 | €269,008 | €252,524 | -€16,484 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,418 | €40,061 | +€6,642 | +19.9% |
| Other operating charges | 640/8 | €7,274 | €5,779 | -€1,495 | -20.6% |
| Non-recurring operating charges | 66A | - | €4,999 | +€4,999 | |
| Gross operating margin | 9900 | €354,704 | €346,828 | -€7,877 | -2.2% |
| Operating profit (loss) | 9901 | €45,005 | €43,466 | -€1,539 | -3.4% |
| Financial income | 75/76B | €204 | €539 | +€336 | +165% |
| Recurring financial income | 75 | €204 | €539 | +€336 | +165% |
| Financial charges | 65/66B | €13,617 | €28,932 | +€15,315 | +112% |
| Recurring financial charges | 65 | €13,617 | €28,932 | +€15,315 | +112% |
| Profit (loss) for the period before taxes | 9903 | €31,591 | €15,074 | -€16,517 | -52.3% |
| Income taxes | 67/77 | €12,820 | €3,591 | -€9,228 | -72.0% |
| Profit (loss) for the period | 9904 | €18,772 | €11,482 | -€7,289 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,772 | €11,482 | -€7,289 | -38.8% |
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 13 October 2026 via checked.be.