Flex Logistics Antwerp: 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 Logistics Antwerp
Largest movements
- Cash -€131,621
down €131,621 (-43.4%), from €303,623 to €172,002
mainly Trade debts (-€124,346) and Tax, wage and social debts (-€91,883)
- Receivables within one year -€110,367
down €110,367 (-36.9%), from €299,334 to €188,967
of which Trade receivables: -€148,498
- Tangible fixed assets +€20,411
up €20,411 (+26.6%), from €76,858 to €97,269
of which Furniture and vehicles: +€18,365
- Trade debts -€124,346
down €124,346 (-57.3%), from €216,877 to €92,531
- Tax, wage and social debts -€91,883
down €91,883 (-64.5%), from €142,541 to €50,658
of which Taxes: -€68,816
- Other debts -€65,000
no longer reported in 2025 (was €65,000)
- Debts after one year +€60,000
new in 2025: €60,000
- Gross operating margin -€452,840
down €452,840 (-62.6%), from €723,317 to €270,477
- Staff costs -€165,633
down €165,633 (-41.9%), from €395,658 to €230,024
- Taxes -€58,042
down €58,042 (-88.4%), from €65,692 to €7,650
- Other operating charges -€11,700
down €11,700 (-68.7%), from €17,037 to €5,337
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 | €686,436 | €469,622 | -€216,815 | -31.6% |
| Fixed assets | 21/28 | €80,986 | €101,397 | +€20,411 | +25.2% |
| Tangible fixed assets | 22/27 | €76,858 | €97,269 | +€20,411 | +26.6% |
| Plant, machinery and equipment | 23 | €604 | €2,651 | +€2,046 | +339% |
| Furniture and vehicles | 24 | €76,254 | €94,618 | +€18,365 | +24.1% |
| Financial fixed assets | 28 | €4,128 | €4,128 | = | 0.0% |
| Current assets | 29/58 | €605,450 | €368,225 | -€237,225 | -39.2% |
| Stocks and contracts in progress | 3 | - | €5,500 | +€5,500 | |
| Stocks | 30/36 | - | €5,500 | +€5,500 | |
| Amounts receivable within one year | 40/41 | €299,334 | €188,967 | -€110,367 | -36.9% |
| Trade receivables | 40 | €232,904 | €84,406 | -€148,498 | -63.8% |
| Other amounts receivable | 41 | €66,430 | €104,561 | +€38,131 | +57.4% |
| Cash at bank and in hand | 54/58 | €303,623 | €172,002 | -€131,621 | -43.4% |
| Deferred charges and accrued income | 490/1 | €2,493 | €1,755 | -€738 | -29.6% |
| Total equity and liabilities | 10/49 | €686,436 | €469,622 | -€216,815 | -31.6% |
| Equity | 10/15 | €262,018 | €266,433 | +€4,415 | +1.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | €8,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €50,304 | €50,304 | = | 0.0% |
| Distributable reserves | 133 | €50,304 | €50,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,714 | €208,129 | +€4,415 | +2.2% |
| Amounts payable | 17/49 | €424,418 | €203,189 | -€221,229 | -52.1% |
| Amounts payable after more than one year | 17 | - | €60,000 | +€60,000 | |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €424,418 | €143,189 | -€281,229 | -66.3% |
| Trade debts | 44 | €216,877 | €92,531 | -€124,346 | -57.3% |
| Suppliers | 440/4 | €216,877 | €92,531 | -€124,346 | -57.3% |
| Taxes, remuneration and social security | 45 | €142,541 | €50,658 | -€91,883 | -64.5% |
| Taxes | 450/3 | €118,466 | €49,650 | -€68,816 | -58.1% |
| Remuneration and social security | 454/9 | €24,074 | €1,008 | -€23,067 | -95.8% |
| Other amounts payable | 47/48 | €65,000 | - | -€65,000 | |
| Remuneration, social security and pensions | 62 | €395,658 | €230,024 | -€165,633 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,044 | €25,638 | +€4,594 | +21.8% |
| Other operating charges | 640/8 | €17,037 | €5,337 | -€11,700 | -68.7% |
| Gross operating margin | 9900 | €723,317 | €270,477 | -€452,840 | -62.6% |
| Operating profit (loss) | 9901 | €289,578 | €9,478 | -€280,100 | -96.7% |
| Financial income | 75/76B | €66 | €2,670 | +€2,604 | +3,937% |
| Recurring financial income | 75 | €66 | €2,670 | +€2,604 | +3,937% |
| Financial charges | 65/66B | €2,640 | €83 | -€2,557 | -96.9% |
| Recurring financial charges | 65 | €2,640 | €83 | -€2,557 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €287,004 | €12,065 | -€274,940 | -95.8% |
| Income taxes | 67/77 | €65,692 | €7,650 | -€58,042 | -88.4% |
| Profit (loss) for the period | 9904 | €221,313 | €4,415 | -€216,898 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €221,313 | €4,415 | -€216,898 | -98.0% |
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 23 October 2026 via checked.be.