FLEX-RENT: 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-RENT
Largest movements
- Receivables within one year +€41,234
up €41,234 (+19.8%), from €207,966 to €249,200
of which Trade receivables: +€40,348
- Cash -€15,839
down €15,839 (-65.8%), from €24,084 to €8,245
mainly Receivables within one year (-€41,234) and Trade debts (-€2,337)
- Other debts +€29,716
up €29,716 (+2375.3%), from €1,251 to €30,967
- Other operating charges -€16,838
down €16,838 (-47.1%), from €35,747 to €18,908
- Gross operating margin -€16,729
down €16,729 (-43.2%), from €38,725 to €21,996
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 | €378,446 | €405,409 | +€26,963 | +7.1% |
| Fixed assets | 21/28 | €144,836 | €146,922 | +€2,086 | +1.4% |
| Tangible fixed assets | 22/27 | €144,836 | €146,922 | +€2,086 | +1.4% |
| Land and buildings | 22 | €144,836 | €144,836 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €2,086 | +€2,086 | |
| Current assets | 29/58 | €233,610 | €258,488 | +€24,877 | +10.6% |
| Amounts receivable within one year | 40/41 | €207,966 | €249,200 | +€41,234 | +19.8% |
| Trade receivables | 40 | €197,477 | €237,825 | +€40,348 | +20.4% |
| Other amounts receivable | 41 | €10,489 | €11,376 | +€886 | +8.5% |
| Cash at bank and in hand | 54/58 | €24,084 | €8,245 | -€15,839 | -65.8% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,042 | -€518 | -33.2% |
| Total equity and liabilities | 10/49 | €378,446 | €405,409 | +€26,963 | +7.1% |
| Equity | 10/15 | €257,681 | €258,934 | +€1,253 | +0.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €195,708 | €196,961 | +€1,253 | +0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €189,508 | €190,761 | +€1,253 | +0.7% |
| Amounts payable | 17/49 | €120,765 | €146,475 | +€25,710 | +21.3% |
| Amounts payable within one year | 42/48 | €120,728 | €146,411 | +€25,684 | +21.3% |
| Financial debts | 43 | €2,539 | €843 | -€1,696 | -66.8% |
| Credit institutions | 430/8 | €2,539 | €843 | -€1,696 | -66.8% |
| Trade debts | 44 | €116,938 | €114,601 | -€2,337 | -2.0% |
| Suppliers | 440/4 | €116,938 | €114,601 | -€2,337 | -2.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,251 | €30,967 | +€29,716 | +2375.3% |
| Accrued charges and deferred income | 492/3 | €37 | €64 | +€27 | +72.8% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154 | €187 | +€32 | +21.0% |
| Other operating charges | 640/8 | €35,747 | €18,908 | -€16,838 | -47.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,725 | €21,996 | -€16,729 | -43.2% |
| Operating profit (loss) | 9901 | €2,824 | €2,901 | +€77 | +2.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -28.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -28.6% |
| Financial charges | 65/66B | €1,456 | €1,306 | -€150 | -10.3% |
| Recurring financial charges | 65 | €1,456 | €1,306 | -€150 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €1,368 | €1,595 | +€227 | +16.6% |
| Income taxes | 67/77 | €384 | €342 | -€42 | -11.0% |
| Profit (loss) for the period | 9904 | €984 | €1,253 | +€269 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €984 | €1,253 | +€269 | +27.4% |
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 7 October 2026 via checked.be.