FLEX PROJECT: 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 PROJECT
Largest movements
- Cash -€6,546
down €6,546 (-59.0%), from €11,098 to €4,552
mainly Trade debts (-€10,575) and Net result for the year (-€5,668)
- Receivables within one year -€3,702
down €3,702 (-28.4%), from €13,036 to €9,334
of which Trade receivables: -€6,513
- Intangible fixed assets -€2,000
down €2,000 (-10.0%), from €20,000 to €18,000
- Trade debts -€10,575
down €10,575 (-87.4%), from €12,106 to €1,531
- Profit (loss) carried forward -€5,668
down €5,668 (-25.7%), from €22,064 to €16,396
- Other debts +€4,016
up €4,016 (+333.3%), from €1,205 to €5,221
- Staff costs +€6,589
up €6,589 (+84.5%), from €7,797 to €14,385
- Gross operating margin -€6,400
down €6,400 (-34.0%), from €18,802 to €12,402
- Taxes -€2,778
no longer reported in 2025 (was €2,778)
- Depreciation +€2,000
new in 2025: €2,000
- Other operating charges +€286
up €286 (+28.6%), from €1,002 to €1,288
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 | €45,016 | €32,586 | -€12,431 | -27.6% |
| Fixed assets | 21/28 | €20,700 | €18,700 | -€2,000 | -9.7% |
| Intangible fixed assets | 21 | €20,000 | €18,000 | -€2,000 | -10.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €24,316 | €13,886 | -€10,431 | -42.9% |
| Amounts receivable within one year | 40/41 | €13,036 | €9,334 | -€3,702 | -28.4% |
| Trade receivables | 40 | €12,242 | €5,729 | -€6,513 | -53.2% |
| Other amounts receivable | 41 | €794 | €3,605 | +€2,811 | +353.9% |
| Cash at bank and in hand | 54/58 | €11,098 | €4,552 | -€6,546 | -59.0% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €45,016 | €32,586 | -€12,431 | -27.6% |
| Equity | 10/15 | €27,064 | €21,396 | -€5,668 | -20.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,064 | €16,396 | -€5,668 | -25.7% |
| Amounts payable | 17/49 | €17,953 | €11,190 | -€6,763 | -37.7% |
| Amounts payable within one year | 42/48 | €17,953 | €11,190 | -€6,763 | -37.7% |
| Trade debts | 44 | €12,106 | €1,531 | -€10,575 | -87.4% |
| Suppliers | 440/4 | €12,106 | €1,531 | -€10,575 | -87.4% |
| Taxes, remuneration and social security | 45 | €4,642 | €4,438 | -€204 | -4.4% |
| Taxes | 450/3 | €3,672 | €2,778 | -€894 | -24.4% |
| Remuneration and social security | 454/9 | €970 | €1,660 | +€690 | +71.1% |
| Other amounts payable | 47/48 | €1,205 | €5,221 | +€4,016 | +333.3% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €7,797 | €14,385 | +€6,589 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,000 | +€2,000 | |
| Other operating charges | 640/8 | €1,002 | €1,288 | +€286 | +28.6% |
| Gross operating margin | 9900 | €18,802 | €12,402 | -€6,400 | -34.0% |
| Operating profit (loss) | 9901 | €10,004 | -€5,271 | -€15,275 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €424 | €397 | -€27 | -6.3% |
| Recurring financial charges | 65 | €424 | €397 | -€27 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €9,580 | -€5,668 | -€15,248 | |
| Income taxes | 67/77 | €2,778 | - | -€2,778 | |
| Profit (loss) for the period | 9904 | €6,802 | -€5,668 | -€12,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,802 | -€5,668 | -€12,470 |
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 9 October 2026 via checked.be.