Flex-Rentals: 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-Rentals
Largest movements
- Receivables within one year -€109,298
down €109,298 (-50.6%), from €215,874 to €106,576
of which Other amounts receivable: -€170,315
- Financial fixed assets +€56,709
up €56,709 (+151%), from €37,478 to €94,187
- Cash +€13,818
up €13,818 (+509%), from €2,715 to €16,533
mainly Receivables within one year (+€109,298) and Tax, wage and social debts (+€60,718)
- Other debts -€136,311
down €136,311 (-70.2%), from €194,163 to €57,852
- Tax, wage and social debts +€60,718
up €60,718 (+352%), from €17,229 to €77,947
of which Remuneration and social security: +€48,238
- Trade debts +€22,061
up €22,061 (+17.9%), from €123,409 to €145,469
- Current portion of long-term debt +€10,837
up €10,837 (+28.2%), from €38,421 to €49,258
- Gross operating margin -€129,953
down €129,953 (-24.3%), from €535,409 to €405,456
- Staff costs +€89,238
up €89,238 (+45.9%), from €194,367 to €283,605
- Financial charges -€35,498
down €35,498 (-65.6%), from €54,077 to €18,579
of which Non-recurring financial charges: -€31,197
- Write-downs -€23,368
down €23,368 (-82.5%), from €28,338 to €4,969
- Financial income +€18,389
up €18,389 (+1,436,632%), from €1 to €18,390
of which Non-recurring financial income: +€18,107
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 | €822,753 | €782,382 | -€40,371 | -4.9% |
| Fixed assets | 21/28 | €598,665 | €652,541 | +€53,877 | +9.0% |
| Intangible fixed assets | 21 | €681 | €595 | -€87 | -12.7% |
| Tangible fixed assets | 22/27 | €560,505 | €557,760 | -€2,745 | -0.5% |
| Land and buildings | 22 | €380,989 | €365,843 | -€15,146 | -4.0% |
| Plant, machinery and equipment | 23 | €4,124 | €3,745 | -€379 | -9.2% |
| Furniture and vehicles | 24 | €80,300 | €109,413 | +€29,113 | +36.3% |
| Other tangible fixed assets | 26 | €95,092 | €78,759 | -€16,334 | -17.2% |
| Financial fixed assets | 28 | €37,478 | €94,187 | +€56,709 | +151% |
| Current assets | 29/58 | €224,088 | €129,841 | -€94,247 | -42.1% |
| Amounts receivable within one year | 40/41 | €215,874 | €106,576 | -€109,298 | -50.6% |
| Trade receivables | 40 | €34,079 | €95,097 | +€61,017 | +179% |
| Other amounts receivable | 41 | €181,794 | €11,479 | -€170,315 | -93.7% |
| Cash at bank and in hand | 54/58 | €2,715 | €16,533 | +€13,818 | +509% |
| Deferred charges and accrued income | 490/1 | €5,500 | €6,732 | +€1,232 | +22.4% |
| Total equity and liabilities | 10/49 | €822,753 | €782,382 | -€40,371 | -4.9% |
| Equity | 10/15 | €139,848 | €144,766 | +€4,917 | +3.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €136,848 | €141,766 | +€4,917 | +3.6% |
| Distributable reserves | 133 | €136,848 | €141,766 | +€4,917 | +3.6% |
| Amounts payable | 17/49 | €682,905 | €637,617 | -€45,288 | -6.6% |
| Amounts payable after more than one year | 17 | €297,488 | €293,706 | -€3,782 | -1.3% |
| Financial debts | 170/4 | €297,488 | €293,706 | -€3,782 | -1.3% |
| Amounts payable within one year | 42/48 | €383,867 | €336,585 | -€47,282 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €38,421 | €49,258 | +€10,837 | +28.2% |
| Financial debts | 43 | €4,587 | - | -€4,587 | |
| Credit institutions | 430/8 | €4,587 | - | -€4,587 | |
| Trade debts | 44 | €123,409 | €145,469 | +€22,061 | +17.9% |
| Suppliers | 440/4 | €123,409 | €145,469 | +€22,061 | +17.9% |
| Advances received on contracts in progress | 46 | €6,059 | €6,059 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,229 | €77,947 | +€60,718 | +352% |
| Taxes | 450/3 | €16,946 | €29,426 | +€12,480 | +73.6% |
| Remuneration and social security | 454/9 | €283 | €48,520 | +€48,238 | +17,068% |
| Other amounts payable | 47/48 | €194,163 | €57,852 | -€136,311 | -70.2% |
| Accrued charges and deferred income | 492/3 | €1,549 | €7,326 | +€5,776 | +373% |
| Remuneration, social security and pensions | 62 | €194,367 | €283,605 | +€89,238 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,898 | €52,711 | +€8,814 | +20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,338 | €4,969 | -€23,368 | -82.5% |
| Other operating charges | 640/8 | €11,876 | €28,775 | +€16,899 | +142% |
| Gross operating margin | 9900 | €535,409 | €405,456 | -€129,953 | -24.3% |
| Operating profit (loss) | 9901 | €256,931 | €35,396 | -€221,535 | -86.2% |
| Financial income | 75/76B | €1 | €18,390 | +€18,389 | +1,436,632% |
| Recurring financial income | 75 | €1 | €284 | +€282 | +22,062% |
| Non-recurring financial income | 76B | - | €18,107 | +€18,107 | |
| Financial charges | 65/66B | €54,077 | €18,579 | -€35,498 | -65.6% |
| Recurring financial charges | 65 | €20,095 | €15,793 | -€4,301 | -21.4% |
| Non-recurring financial charges | 66B | €33,982 | €2,785 | -€31,197 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €202,856 | €35,207 | -€167,649 | -82.6% |
| Income taxes | 67/77 | €4,991 | €1,290 | -€3,702 | -74.2% |
| Profit (loss) for the period | 9904 | €197,864 | €33,917 | -€163,947 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €197,864 | €33,917 | -€163,947 | -82.9% |
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 14 October 2026 via checked.be.