FLEX MULTI TRADE: 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 MULTI TRADE
Largest movements
- Receivables within one year +€35,546
up €35,546 (+25.8%), from €137,993 to €173,539
of which Trade receivables: +€36,828
- Cash +€32,680
up €32,680 (+60.8%), from €53,712 to €86,392
mainly Trade debts (+€34,699) and Investment in fixed assets (net) (+€20,000)
- Financial fixed assets -€20,000
down €20,000 (-99.3%), from €20,150 to €150
- Deferred charges and accrued income -€2,955
no longer reported in 2025 (was €2,955)
- Trade debts +€34,699
up €34,699 (+27.1%), from €128,207 to €162,906
- Tax, wage and social debts +€9,721
up €9,721 (+63.7%), from €15,262 to €24,983
of which Taxes: +€11,417
- Staff costs -€26,013
down €26,013 (-18.7%), from €138,854 to €112,841
- Gross operating margin -€18,179
down €18,179 (-12.3%), from €147,735 to €129,556
- Write-downs +€13,092
new in 2025: €13,092
- Other operating charges -€7,069
down €7,069 (-96.4%), from €7,332 to €263
- Financial income -€1,658
no longer reported in 2025 (was €1,658)
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 | €236,361 | €281,362 | +€45,001 | +19.0% |
| Fixed assets | 21/28 | €21,701 | €1,431 | -€20,270 | -93.4% |
| Tangible fixed assets | 22/27 | €1,551 | €1,281 | -€270 | -17.4% |
| Other tangible fixed assets | 26 | €1,551 | €1,281 | -€270 | -17.4% |
| Financial fixed assets | 28 | €20,150 | €150 | -€20,000 | -99.3% |
| Current assets | 29/58 | €214,660 | €279,931 | +€65,271 | +30.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €137,993 | €173,539 | +€35,546 | +25.8% |
| Trade receivables | 40 | €136,508 | €173,336 | +€36,828 | +27.0% |
| Other amounts receivable | 41 | €1,485 | €203 | -€1,282 | -86.3% |
| Cash at bank and in hand | 54/58 | €53,712 | €86,392 | +€32,680 | +60.8% |
| Deferred charges and accrued income | 490/1 | €2,955 | - | -€2,955 | |
| Total equity and liabilities | 10/49 | €236,361 | €281,362 | +€45,001 | +19.0% |
| Equity | 10/15 | €92,892 | €93,473 | +€581 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,892 | €71,473 | +€581 | +0.8% |
| Amounts payable | 17/49 | €143,469 | €187,889 | +€44,420 | +31.0% |
| Amounts payable within one year | 42/48 | €143,469 | €187,889 | +€44,420 | +31.0% |
| Trade debts | 44 | €128,207 | €162,906 | +€34,699 | +27.1% |
| Suppliers | 440/4 | €128,207 | €162,906 | +€34,699 | +27.1% |
| Taxes, remuneration and social security | 45 | €15,262 | €24,983 | +€9,721 | +63.7% |
| Taxes | 450/3 | €2,968 | €14,385 | +€11,417 | +385% |
| Remuneration and social security | 454/9 | €12,294 | €10,598 | -€1,696 | -13.8% |
| Remuneration, social security and pensions | 62 | €138,854 | €112,841 | -€26,013 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €270 | -€695 | -72.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,092 | +€13,092 | |
| Other operating charges | 640/8 | €7,332 | €263 | -€7,069 | -96.4% |
| Gross operating margin | 9900 | €147,735 | €129,556 | -€18,179 | -12.3% |
| Operating profit (loss) | 9901 | €584 | €3,090 | +€2,506 | +429% |
| Financial income | 75/76B | €1,658 | - | -€1,658 | |
| Recurring financial income | 75 | €1,658 | - | -€1,658 | |
| Financial charges | 65/66B | €282 | €138 | -€144 | -51.1% |
| Recurring financial charges | 65 | €282 | €138 | -€144 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €1,960 | €2,952 | +€992 | +50.6% |
| Income taxes | 67/77 | €1,854 | €2,371 | +€517 | +27.9% |
| Profit (loss) for the period | 9904 | €106 | €581 | +€475 | +448% |
| Profit (loss) for the period to be appropriated | 9905 | €106 | €581 | +€475 | +448% |
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 16 October 2026 via checked.be.