Flex IT: 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 IT
Largest movements
- Receivables within one year +€590,896
up €590,896 (+31.8%), from €1.9m to €2.4m
of which Trade receivables: +€570,988
- Trade debts +€455,357
up €455,357 (+705%), from €64,596 to €519,953
- Reserves +€133,013
up €133,013 (+7.7%), from €1.7m to €1.9m
of which Distributable reserves: +€133,013
- Gross operating margin -€103,521
down €103,521 (-15.0%), from €688,487 to €584,966
- Financial income -€50,619
no longer reported in 2024 (was €50,619)
- Staff costs -€42,192
down €42,192 (-9.6%), from €437,819 to €395,627
- Taxes -€27,232
down €27,232 (-33.8%), from €80,526 to €53,294
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,935,411 | €2,519,172 | +€583,761 | +30.2% |
| Fixed assets | 21/28 | €17,640 | €17,640 | = | 0.0% |
| Financial fixed assets | 28 | €17,640 | €17,640 | = | 0.0% |
| Current assets | 29/58 | €1,917,771 | €2,501,532 | +€583,761 | +30.4% |
| Amounts receivable within one year | 40/41 | €1,857,536 | €2,448,432 | +€590,896 | +31.8% |
| Trade receivables | 40 | €115,474 | €686,462 | +€570,988 | +494% |
| Other amounts receivable | 41 | €1,742,062 | €1,761,971 | +€19,908 | +1.1% |
| Cash at bank and in hand | 54/58 | €50,000 | €50,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €10,235 | €3,099 | -€7,135 | -69.7% |
| Total equity and liabilities | 10/49 | €1,935,411 | €2,519,172 | +€583,761 | +30.2% |
| Equity | 10/15 | €1,738,745 | €1,871,758 | +€133,013 | +7.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,720,195 | €1,853,208 | +€133,013 | +7.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,718,340 | €1,851,353 | +€133,013 | +7.7% |
| Amounts payable | 17/49 | €196,666 | €647,414 | +€450,748 | +229% |
| Amounts payable within one year | 42/48 | €196,666 | €644,315 | +€447,649 | +228% |
| Trade debts | 44 | €64,596 | €519,953 | +€455,357 | +705% |
| Suppliers | 440/4 | €64,596 | €519,953 | +€455,357 | +705% |
| Taxes, remuneration and social security | 45 | €132,070 | €124,362 | -€7,709 | -5.8% |
| Taxes | 450/3 | €91,940 | €83,897 | -€8,042 | -8.7% |
| Remuneration and social security | 454/9 | €40,131 | €40,464 | +€334 | +0.8% |
| Accrued charges and deferred income | 492/3 | - | €3,099 | +€3,099 | |
| Remuneration, social security and pensions | 62 | €437,819 | €395,627 | -€42,192 | -9.6% |
| Other operating charges | 640/8 | €1,154 | €1,361 | +€207 | +17.9% |
| Gross operating margin | 9900 | €688,487 | €584,966 | -€103,521 | -15.0% |
| Operating profit (loss) | 9901 | €249,513 | €187,978 | -€61,535 | -24.7% |
| Financial income | 75/76B | €50,619 | - | -€50,619 | |
| Recurring financial income | 75 | €50,619 | - | -€50,619 | |
| Financial charges | 65/66B | €1,093 | €1,671 | +€579 | +53.0% |
| Recurring financial charges | 65 | €1,093 | €1,671 | +€579 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €299,039 | €186,307 | -€112,732 | -37.7% |
| Income taxes | 67/77 | €80,526 | €53,294 | -€27,232 | -33.8% |
| Profit (loss) for the period | 9904 | €218,513 | €133,013 | -€85,500 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €218,513 | €133,013 | -€85,500 | -39.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.