FLEX EXPRESS: 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 EXPRESS
Largest movements
- Tangible fixed assets +€43,837
up €43,837 (+206.0%), from €21,278 to €65,115
of which Furniture and vehicles: +€28,332
- Receivables within one year +€23,275
up €23,275 (+19.7%), from €117,876 to €141,150
of which Trade receivables: +€20,459
- Cash -€2,441
down €2,441 (-31.9%), from €7,653 to €5,212
mainly Investment in fixed assets (net) (-€59,363) and Receivables within one year (-€23,275)
- Trade debts +€26,113
up €26,113 (+108.4%), from €24,096 to €50,209
- Current portion of long-term debt +€24,102
up €24,102 (+95.7%), from €25,182 to €49,284
- Debts after one year +€11,990
up €11,990 (+28.1%), from €42,661 to €54,650
- Tax, wage and social debts +€6,483
up €6,483 (+55.7%), from €11,639 to €18,121
of which Taxes: +€3,324
- Other debts -€4,000
no longer reported in 2025 (was €4,000)
- Staff costs -€17,277
down €17,277 (-14.5%), from €118,870 to €101,593
- Gross operating margin -€11,418
down €11,418 (-7.3%), from €156,953 to €145,535
- Depreciation +€5,926
up €5,926 (+61.7%), from €9,600 to €15,526
- Other operating charges -€3,848
down €3,848 (-17.7%), from €21,699 to €17,851
- Financial charges +€1,998
up €1,998 (+35.4%), from €5,640 to €7,637
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 | €156,631 | €222,428 | +€65,797 | +42.0% |
| Fixed assets | 21/28 | €31,078 | €74,915 | +€43,837 | +141.1% |
| Tangible fixed assets | 22/27 | €21,278 | €65,115 | +€43,837 | +206.0% |
| Furniture and vehicles | 24 | €21,278 | €49,610 | +€28,332 | +133.2% |
| Leasing and similar rights | 25 | - | €15,504 | +€15,504 | |
| Financial fixed assets | 28 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €125,553 | €147,513 | +€21,960 | +17.5% |
| Amounts receivable within one year | 40/41 | €117,876 | €141,150 | +€23,275 | +19.7% |
| Trade receivables | 40 | €104,907 | €125,366 | +€20,459 | +19.5% |
| Other amounts receivable | 41 | €12,969 | €15,784 | +€2,815 | +21.7% |
| Cash at bank and in hand | 54/58 | €7,653 | €5,212 | -€2,441 | -31.9% |
| Deferred charges and accrued income | 490/1 | €25 | €1,151 | +€1,127 | +4550.2% |
| Total equity and liabilities | 10/49 | €156,631 | €222,428 | +€65,797 | +42.0% |
| Equity | 10/15 | €49,054 | €50,163 | +€1,109 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,594 | €29,703 | +€1,109 | +3.9% |
| Amounts payable | 17/49 | €107,577 | €172,265 | +€64,688 | +60.1% |
| Amounts payable after more than one year | 17 | €42,661 | €54,650 | +€11,990 | +28.1% |
| Financial debts | 170/4 | €42,661 | €54,650 | +€11,990 | +28.1% |
| Amounts payable within one year | 42/48 | €64,916 | €117,614 | +€52,698 | +81.2% |
| Current portion of amounts payable after more than one year | 42 | €25,182 | €49,284 | +€24,102 | +95.7% |
| Trade debts | 44 | €24,096 | €50,209 | +€26,113 | +108.4% |
| Suppliers | 440/4 | €24,096 | €50,209 | +€26,113 | +108.4% |
| Taxes, remuneration and social security | 45 | €11,639 | €18,121 | +€6,483 | +55.7% |
| Taxes | 450/3 | €9,316 | €12,640 | +€3,324 | +35.7% |
| Remuneration and social security | 454/9 | €2,323 | €5,482 | +€3,159 | +136.0% |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Non-recurring operating income | 76A | €43,448 | - | -€43,448 | |
| Remuneration, social security and pensions | 62 | €118,870 | €101,593 | -€17,277 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,600 | €15,526 | +€5,926 | +61.7% |
| Other operating charges | 640/8 | €21,699 | €17,851 | -€3,848 | -17.7% |
| Gross operating margin | 9900 | €156,953 | €145,535 | -€11,418 | -7.3% |
| Operating profit (loss) | 9901 | €6,784 | €10,564 | +€3,780 | +55.7% |
| Financial income | 75/76B | €1 | €42 | +€40 | +2763.0% |
| Recurring financial income | 75 | €1 | €42 | +€40 | +2763.0% |
| Financial charges | 65/66B | €5,640 | €7,637 | +€1,998 | +35.4% |
| Recurring financial charges | 65 | €5,640 | €7,637 | +€1,998 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €1,146 | €2,969 | +€1,823 | +159.1% |
| Income taxes | 67/77 | €922 | €1,860 | +€938 | +101.8% |
| Profit (loss) for the period | 9904 | €224 | €1,109 | +€885 | +394.2% |
| Profit (loss) for the period to be appropriated | 9905 | €224 | €1,109 | +€885 | +394.2% |
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 5 October 2026 via checked.be.