FLEX IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€167,537
up €167,537 (+37.1%), from €451,138 to €618,675
- Receivables after one year +€62,000
new in 2025: €62,000
- Receivables within one year -€62,000
no longer reported in 2025 (was €62,000)
- Debts after one year +€147,633
up €147,633 (+30.0%), from €492,231 to €639,864
of which Financial debts: +€130,737
- Current portion of long-term debt +€10,967
up €10,967 (+34.3%), from €31,984 to €42,951
- Profit (loss) carried forward +€10,302
up €10,302 (+77.3%), from -€13,330 to -€3,028
- Gross operating margin +€8,420
up €8,420 (+14.2%), from €59,126 to €67,546
- Depreciation +€6,157
up €6,157 (+19.5%), from €31,543 to €37,700
- Financial charges +€2,726
up €2,726 (+29.5%), from €9,253 to €11,979
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 | €514,199 | €681,675 | +€167,476 | +32.6% |
| Fixed assets | 21/28 | €451,138 | €618,675 | +€167,537 | +37.1% |
| Tangible fixed assets | 22/27 | €451,138 | €618,675 | +€167,537 | +37.1% |
| Land and buildings | 22 | €451,138 | €618,675 | +€167,537 | +37.1% |
| Current assets | 29/58 | €63,061 | €63,000 | -€61 | -0.1% |
| Amounts receivable after more than one year | 29 | - | €62,000 | +€62,000 | |
| Trade receivables | 290 | - | €62,000 | +€62,000 | |
| Amounts receivable within one year | 40/41 | €62,000 | - | -€62,000 | |
| Other amounts receivable | 41 | €62,000 | - | -€62,000 | |
| Cash at bank and in hand | 54/58 | €61 | - | -€61 | |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €514,199 | €681,675 | +€167,476 | +32.6% |
| Equity | 10/15 | -€11,930 | -€1,628 | +€10,302 | +86.4% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,330 | -€3,028 | +€10,302 | +77.3% |
| Amounts payable | 17/49 | €526,129 | €683,303 | +€157,174 | +29.9% |
| Amounts payable after more than one year | 17 | €492,231 | €639,864 | +€147,633 | +30.0% |
| Financial debts | 170/4 | €357,177 | €487,914 | +€130,737 | +36.6% |
| Other amounts payable | 178/9 | €135,054 | €151,950 | +€16,896 | +12.5% |
| Amounts payable within one year | 42/48 | €31,984 | €42,951 | +€10,967 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €31,984 | €42,951 | +€10,967 | +34.3% |
| Accrued charges and deferred income | 492/3 | €1,914 | €488 | -€1,425 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,543 | €37,700 | +€6,157 | +19.5% |
| Other operating charges | 640/8 | €7,053 | €7,565 | +€512 | +7.3% |
| Gross operating margin | 9900 | €59,126 | €67,546 | +€8,420 | +14.2% |
| Operating profit (loss) | 9901 | €20,529 | €22,281 | +€1,752 | +8.5% |
| Financial charges | 65/66B | €9,253 | €11,979 | +€2,726 | +29.5% |
| Recurring financial charges | 65 | €9,253 | €11,979 | +€2,726 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €11,276 | €10,302 | -€974 | -8.6% |
| Profit (loss) for the period | 9904 | €11,276 | €10,302 | -€974 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,276 | €10,302 | -€974 | -8.6% |
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.