Flex Services: 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 Services
Largest movements
- Cash +€51,512
up €51,512 (+275.7%), from €18,682 to €70,195
mainly Trade debts (+€23,507) and Receivables within one year (+€21,439)
- Receivables within one year -€21,439
down €21,439 (-39.4%), from €54,371 to €32,933
of which Other amounts receivable: -€39,139
- Financial fixed assets +€4,200
new in 2025: €4,200
- Tangible fixed assets +€1,576
up €1,576 (+11.8%), from €13,349 to €14,925
of which Other tangible fixed assets: +€2,094
- Trade debts +€23,507
up €23,507 (+288.3%), from €8,153 to €31,660
- Other debts +€5,083
up €5,083 (+6.7%), from €75,975 to €81,058
- Profit (loss) carried forward +€4,702
up €4,702 (+15.9%), from -€29,549 to -€24,848
- Tax, wage and social debts +€3,407
up €3,407 (+39.3%), from €8,668 to €12,075
of which Remuneration and social security: +€5,738
- Current portion of long-term debt -€2,463
no longer reported in 2025 (was €2,463)
- Gross operating margin -€27,929
down €27,929 (-26.5%), from €105,455 to €77,526
- Staff costs +€25,264
up €25,264 (+76.4%), from €33,077 to €58,341
- Depreciation -€7,640
down €7,640 (-55.6%), from €13,738 to €6,098
- Other operating charges -€2,614
down €2,614 (-54.8%), from €4,769 to €2,155
- Financial charges +€2,434
up €2,434 (+58.6%), from €4,150 to €6,584
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 | €86,511 | €122,662 | +€36,151 | +41.8% |
| Fixed assets | 21/28 | €13,349 | €19,125 | +€5,776 | +43.3% |
| Tangible fixed assets | 22/27 | €13,349 | €14,925 | +€1,576 | +11.8% |
| Plant, machinery and equipment | 23 | €1,771 | €1,168 | -€603 | -34.1% |
| Furniture and vehicles | 24 | €7,627 | €7,712 | +€85 | +1.1% |
| Other tangible fixed assets | 26 | €3,951 | €6,045 | +€2,094 | +53.0% |
| Financial fixed assets | 28 | - | €4,200 | +€4,200 | |
| Current assets | 29/58 | €73,162 | €103,537 | +€30,376 | +41.5% |
| Amounts receivable within one year | 40/41 | €54,371 | €32,933 | -€21,439 | -39.4% |
| Trade receivables | 40 | €15,207 | €32,907 | +€17,700 | +116.4% |
| Other amounts receivable | 41 | €39,164 | €25 | -€39,139 | -99.9% |
| Cash at bank and in hand | 54/58 | €18,682 | €70,195 | +€51,512 | +275.7% |
| Deferred charges and accrued income | 490/1 | €108 | €410 | +€302 | +279.8% |
| Total equity and liabilities | 10/49 | €86,511 | €122,662 | +€36,151 | +41.8% |
| Equity | 10/15 | -€10,949 | -€6,248 | +€4,702 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,549 | -€24,848 | +€4,702 | +15.9% |
| Amounts payable | 17/49 | €97,460 | €128,910 | +€31,450 | +32.3% |
| Amounts payable within one year | 42/48 | €95,259 | €124,793 | +€29,534 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €2,463 | - | -€2,463 | |
| Trade debts | 44 | €8,153 | €31,660 | +€23,507 | +288.3% |
| Suppliers | 440/4 | €8,153 | €31,660 | +€23,507 | +288.3% |
| Taxes, remuneration and social security | 45 | €8,668 | €12,075 | +€3,407 | +39.3% |
| Taxes | 450/3 | €7,870 | €5,538 | -€2,331 | -29.6% |
| Remuneration and social security | 454/9 | €798 | €6,536 | +€5,738 | +719.0% |
| Other amounts payable | 47/48 | €75,975 | €81,058 | +€5,083 | +6.7% |
| Accrued charges and deferred income | 492/3 | €2,201 | €4,117 | +€1,916 | +87.0% |
| Remuneration, social security and pensions | 62 | €33,077 | €58,341 | +€25,264 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,738 | €6,098 | -€7,640 | -55.6% |
| Other operating charges | 640/8 | €4,769 | €2,155 | -€2,614 | -54.8% |
| Gross operating margin | 9900 | €105,455 | €77,526 | -€27,929 | -26.5% |
| Operating profit (loss) | 9901 | €53,872 | €10,933 | -€42,939 | -79.7% |
| Financial income | 75/76B | €52 | €353 | +€301 | +578.3% |
| Recurring financial income | 75 | €52 | €353 | +€301 | +578.3% |
| Financial charges | 65/66B | €4,150 | €6,584 | +€2,434 | +58.6% |
| Recurring financial charges | 65 | €4,150 | €6,584 | +€2,434 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €49,774 | €4,702 | -€45,072 | -90.6% |
| Profit (loss) for the period | 9904 | €49,774 | €4,702 | -€45,072 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,774 | €4,702 | -€45,072 | -90.6% |
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.