Flex Management: 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 Management
Largest movements
- Receivables within one year +€14,599
up €14,599 (+1036.4%), from €1,409 to €16,007
of which Trade receivables: +€14,599
- Cash -€3,924
down €3,924 (-23.5%), from €16,723 to €12,799
mainly Receivables within one year (-€14,599) and Trade debts (-€7,421)
- Tangible fixed assets -€3,655
down €3,655 (-14.8%), from €24,721 to €21,065
of which Other tangible fixed assets: -€3,727
- Profit (loss) carried forward +€13,128
up €13,128 (+18.5%), from -€70,947 to -€57,819
- Trade debts -€7,421
down €7,421 (-75.8%), from €9,793 to €2,372
- Tax, wage and social debts +€801
up €801 (+44.2%), from €1,812 to €2,612
- Other debts +€532
up €532 (+0.6%), from €89,222 to €89,754
- Gross operating margin +€44,202
up €44,202, from -€24,825 to €19,377
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.
Cash bridge derived
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 | €44,135 | €51,174 | +€7,039 | +15.9% |
| Fixed assets | 21/28 | €24,721 | €21,065 | -€3,655 | -14.8% |
| Tangible fixed assets | 22/27 | €24,721 | €21,065 | -€3,655 | -14.8% |
| Furniture and vehicles | 24 | €3,629 | €3,701 | +€71 | +2.0% |
| Other tangible fixed assets | 26 | €21,091 | €17,365 | -€3,727 | -17.7% |
| Current assets | 29/58 | €19,415 | €30,109 | +€10,694 | +55.1% |
| Amounts receivable within one year | 40/41 | €1,409 | €16,007 | +€14,599 | +1036.4% |
| Trade receivables | 40 | €1,409 | €16,007 | +€14,599 | +1036.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,723 | €12,799 | -€3,924 | -23.5% |
| Deferred charges and accrued income | 490/1 | €1,283 | €1,303 | +€20 | +1.5% |
| Total equity and liabilities | 10/49 | €44,135 | €51,174 | +€7,039 | +15.9% |
| Equity | 10/15 | -€56,692 | -€43,564 | +€13,128 | +23.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,947 | -€57,819 | +€13,128 | +18.5% |
| Amounts payable | 17/49 | €100,827 | €94,738 | -€6,089 | -6.0% |
| Amounts payable within one year | 42/48 | €100,827 | €94,738 | -€6,089 | -6.0% |
| Trade debts | 44 | €9,793 | €2,372 | -€7,421 | -75.8% |
| Suppliers | 440/4 | €9,793 | €2,372 | -€7,421 | -75.8% |
| Taxes, remuneration and social security | 45 | €1,812 | €2,612 | +€801 | +44.2% |
| Taxes | 450/3 | €1,812 | €2,612 | +€801 | +44.2% |
| Other amounts payable | 47/48 | €89,222 | €89,754 | +€532 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,659 | €4,771 | +€112 | +2.4% |
| Other operating charges | 640/8 | €1,134 | €1,060 | -€74 | -6.5% |
| Gross operating margin | 9900 | -€24,825 | €19,377 | +€44,202 | |
| Operating profit (loss) | 9901 | -€30,618 | €13,546 | +€44,164 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €95 | €126 | +€31 | +32.8% |
| Recurring financial charges | 65 | €95 | €126 | +€31 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,713 | €13,420 | +€44,133 | |
| Income taxes | 67/77 | €243 | €292 | +€49 | +20.2% |
| Profit (loss) for the period | 9904 | -€30,956 | €13,128 | +€44,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,956 | €13,128 | +€44,084 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.