FLEX LOGISTICS: 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 LOGISTICS
Largest movements
- Tangible fixed assets -€2,119
down €2,119 (-54.8%), from €3,869 to €1,750
of which Furniture and vehicles: -€1,830
- Deferred charges and accrued income -€117
no longer reported in 2024 (was €117)
- Receivables within one year +€63
up €63 (+14.6%), from €431 to €494
- Profit (loss) carried forward -€8,709
down €8,709 (-33.2%), from -€26,270 to -€34,979
- Other debts +€6,622
up €6,622 (+63.1%), from €10,491 to €17,113
- Trade debts -€65
down €65 (-32.6%), from €198 to €134
- Gross operating margin +€973
up €973 (+14.0%), from -€6,935 to -€5,962
- Depreciation -€96
down €96 (-4.3%), from €2,215 to €2,119
- Financial charges -€75
down €75 (-18.8%), from €400 to €324
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.
Cash bridge derived
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 | €4,419 | €2,268 | -€2,152 | -48.7% |
| Fixed assets | 21/28 | €3,869 | €1,750 | -€2,119 | -54.8% |
| Tangible fixed assets | 22/27 | €3,869 | €1,750 | -€2,119 | -54.8% |
| Plant, machinery and equipment | 23 | €289 | - | -€289 | |
| Furniture and vehicles | 24 | €3,580 | €1,750 | -€1,830 | -51.1% |
| Current assets | 29/58 | €550 | €518 | -€32 | -5.9% |
| Amounts receivable within one year | 40/41 | €431 | €494 | +€63 | +14.6% |
| Other amounts receivable | 41 | €431 | €494 | +€63 | +14.6% |
| Cash at bank and in hand | 54/58 | €2 | €24 | +€22 | +1011.5% |
| Deferred charges and accrued income | 490/1 | €117 | - | -€117 | |
| Total equity and liabilities | 10/49 | €4,419 | €2,268 | -€2,152 | -48.7% |
| Equity | 10/15 | -€6,270 | -€14,979 | -€8,709 | -138.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,270 | -€34,979 | -€8,709 | -33.2% |
| Amounts payable | 17/49 | €10,689 | €17,246 | +€6,557 | +61.3% |
| Amounts payable within one year | 42/48 | €10,689 | €17,246 | +€6,557 | +61.3% |
| Trade debts | 44 | €198 | €134 | -€65 | -32.6% |
| Suppliers | 440/4 | €198 | €134 | -€65 | -32.6% |
| Other amounts payable | 47/48 | €10,491 | €17,113 | +€6,622 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,215 | €2,119 | -€96 | -4.3% |
| Other operating charges | 640/8 | €360 | €303 | -€58 | -16.0% |
| Gross operating margin | 9900 | -€6,935 | -€5,962 | +€973 | +14.0% |
| Operating profit (loss) | 9901 | -€9,510 | -€8,384 | +€1,126 | +11.8% |
| Financial charges | 65/66B | €400 | €324 | -€75 | -18.8% |
| Recurring financial charges | 65 | €400 | €324 | -€75 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,910 | -€8,709 | +€1,201 | +12.1% |
| Profit (loss) for the period | 9904 | -€9,910 | -€8,709 | +€1,201 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,910 | -€8,709 | +€1,201 | +12.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.