FLEX-HYDRAU: 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-HYDRAU
Largest movements
- Tangible fixed assets +€39,813
up €39,813 (+423%), from €9,404 to €49,218
of which Furniture and vehicles: +€43,194
- Receivables within one year -€36,294
down €36,294 (-52.6%), from €69,002 to €32,708
of which Trade receivables: -€32,304
- Cash +€25,577
up €25,577 (+11.4%), from €225,242 to €250,819
mainly Receivables within one year (+€36,294) and Other debts (+€20,556)
- Other debts +€20,556
up €20,556 (+26.4%), from €77,912 to €98,468
- Reserves +€18,470
up €18,470 (+8.6%), from €215,394 to €233,864
- Tax, wage and social debts -€13,359
down €13,359 (-45.1%), from €29,638 to €16,279
of which Taxes: -€14,080
- Gross operating margin -€22,965
down €22,965 (-21.2%), from €108,378 to €85,413
- Taxes -€3,723
down €3,723 (-34.7%), from €10,723 to €7,000
- Staff costs +€2,501
up €2,501 (+4.9%), from €51,560 to €54,061
- Depreciation -€1,956
down €1,956 (-32.9%), from €5,943 to €3,987
- Other operating charges +€1,868
up €1,868 (+281%), from €664 to €2,532
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 | €353,596 | €380,166 | +€26,570 | +7.5% |
| Fixed assets | 21/28 | €9,604 | €49,418 | +€39,813 | +415% |
| Tangible fixed assets | 22/27 | €9,404 | €49,218 | +€39,813 | +423% |
| Plant, machinery and equipment | 23 | €9,375 | €5,994 | -€3,381 | -36.1% |
| Furniture and vehicles | 24 | €30 | €43,224 | +€43,194 | +145,976% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €343,991 | €330,748 | -€13,243 | -3.8% |
| Stocks and contracts in progress | 3 | €49,747 | €46,402 | -€3,345 | -6.7% |
| Stocks | 30/36 | €49,747 | €46,402 | -€3,345 | -6.7% |
| Amounts receivable within one year | 40/41 | €69,002 | €32,708 | -€36,294 | -52.6% |
| Trade receivables | 40 | €61,472 | €29,167 | -€32,304 | -52.6% |
| Other amounts receivable | 41 | €7,531 | €3,541 | -€3,990 | -53.0% |
| Cash at bank and in hand | 54/58 | €225,242 | €250,819 | +€25,577 | +11.4% |
| Deferred charges and accrued income | 490/1 | - | €819 | +€819 | |
| Total equity and liabilities | 10/49 | €353,596 | €380,166 | +€26,570 | +7.5% |
| Equity | 10/15 | €233,994 | €252,464 | +€18,470 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,394 | €233,864 | +€18,470 | +8.6% |
| Distributable reserves | 133 | €215,394 | €233,864 | +€18,470 | +8.6% |
| Amounts payable | 17/49 | €119,602 | €127,702 | +€8,100 | +6.8% |
| Amounts payable within one year | 42/48 | €119,602 | €127,702 | +€8,100 | +6.8% |
| Trade debts | 44 | €12,052 | €12,956 | +€904 | +7.5% |
| Suppliers | 440/4 | €12,052 | €12,956 | +€904 | +7.5% |
| Taxes, remuneration and social security | 45 | €29,638 | €16,279 | -€13,359 | -45.1% |
| Taxes | 450/3 | €24,277 | €10,196 | -€14,080 | -58.0% |
| Remuneration and social security | 454/9 | €5,361 | €6,082 | +€721 | +13.5% |
| Other amounts payable | 47/48 | €77,912 | €98,468 | +€20,556 | +26.4% |
| Remuneration, social security and pensions | 62 | €51,560 | €54,061 | +€2,501 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,943 | €3,987 | -€1,956 | -32.9% |
| Other operating charges | 640/8 | €664 | €2,532 | +€1,868 | +281% |
| Non-recurring operating charges | 66A | €13,003 | - | -€13,003 | |
| Gross operating margin | 9900 | €108,378 | €85,413 | -€22,965 | -21.2% |
| Operating profit (loss) | 9901 | €37,209 | €24,834 | -€12,375 | -33.3% |
| Financial income | 75/76B | €967 | €843 | -€124 | -12.8% |
| Recurring financial income | 75 | €967 | €843 | -€124 | -12.8% |
| Financial charges | 65/66B | €121 | €207 | +€86 | +70.6% |
| Recurring financial charges | 65 | €121 | €207 | +€86 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €38,055 | €25,470 | -€12,584 | -33.1% |
| Income taxes | 67/77 | €10,723 | €7,000 | -€3,723 | -34.7% |
| Profit (loss) for the period | 9904 | €27,331 | €18,470 | -€8,861 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,331 | €18,470 | -€8,861 | -32.4% |
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 21 October 2026 via checked.be.