FLEX SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€24,111
up €24,111 (+12.2%), from €197,250 to €221,361
of which Trade receivables: +€23,630
- Tangible fixed assets -€22,290
down €22,290 (-7.0%), from €319,580 to €297,290
of which Land and buildings: -€11,373
- Reserves +€55,957
up €55,957 (+45.5%), from €123,009 to €178,966
- Debts after one year -€33,414
down €33,414 (-12.2%), from €272,903 to €239,489
- Other debts -€24,386
down €24,386 (-83.8%), from €29,088 to €4,702
- Tax, wage and social debts +€19,878
up €19,878 (+87.7%), from €22,669 to €42,547
of which Taxes: +€23,861
- Trade debts -€19,524
down €19,524 (-19.1%), from €102,269 to €82,745
- Gross operating margin +€33,900
up €33,900 (+46.6%), from €72,784 to €106,684
- Financial income +€27,796
up €27,796 (+18,508%), from €150 to €27,946
- Taxes +€16,870
up €16,870 (+188%), from €8,987 to €25,857
- Depreciation -€5,667
down €5,667 (-19.3%), from €29,312 to €23,645
- Financial charges +€4,108
up €4,108 (+59.1%), from €6,953 to €11,061
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 | €578,764 | €584,497 | +€5,732 | +1.0% |
| Fixed assets | 21/28 | €319,580 | €297,290 | -€22,290 | -7.0% |
| Tangible fixed assets | 22/27 | €319,580 | €297,290 | -€22,290 | -7.0% |
| Land and buildings | 22 | €273,457 | €262,084 | -€11,373 | -4.2% |
| Plant, machinery and equipment | 23 | €31,317 | €24,140 | -€7,177 | -22.9% |
| Furniture and vehicles | 24 | €14,805 | €11,065 | -€3,740 | -25.3% |
| Current assets | 29/58 | €259,184 | €287,207 | +€28,022 | +10.8% |
| Amounts receivable within one year | 40/41 | €197,250 | €221,361 | +€24,111 | +12.2% |
| Trade receivables | 40 | €197,250 | €220,879 | +€23,630 | +12.0% |
| Other amounts receivable | 41 | - | €482 | +€482 | |
| Cash at bank and in hand | 54/58 | €61,122 | €65,600 | +€4,478 | +7.3% |
| Deferred charges and accrued income | 490/1 | €812 | €246 | -€567 | -69.8% |
| Total equity and liabilities | 10/49 | €578,764 | €584,497 | +€5,732 | +1.0% |
| Equity | 10/15 | €141,609 | €197,566 | +€55,957 | +39.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,009 | €178,966 | +€55,957 | +45.5% |
| Distributable reserves | 133 | €123,009 | €178,966 | +€55,957 | +45.5% |
| Amounts payable | 17/49 | €437,155 | €386,931 | -€50,224 | -11.5% |
| Amounts payable after more than one year | 17 | €272,903 | €239,489 | -€33,414 | -12.2% |
| Financial debts | 170/4 | €272,903 | €239,489 | -€33,414 | -12.2% |
| Amounts payable within one year | 42/48 | €164,252 | €143,235 | -€21,017 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €10,226 | €13,241 | +€3,016 | +29.5% |
| Trade debts | 44 | €102,269 | €82,745 | -€19,524 | -19.1% |
| Suppliers | 440/4 | €102,269 | €82,745 | -€19,524 | -19.1% |
| Taxes, remuneration and social security | 45 | €22,669 | €42,547 | +€19,878 | +87.7% |
| Taxes | 450/3 | €18,686 | €42,547 | +€23,861 | +128% |
| Remuneration and social security | 454/9 | €3,983 | - | -€3,983 | |
| Other amounts payable | 47/48 | €29,088 | €4,702 | -€24,386 | -83.8% |
| Accrued charges and deferred income | 492/3 | - | €4,207 | +€4,207 | |
| Non-recurring operating income | 76A | €926 | €7,215 | +€6,289 | +679% |
| Remuneration, social security and pensions | 62 | €13,280 | €16,557 | +€3,277 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,312 | €23,645 | -€5,667 | -19.3% |
| Other operating charges | 640/8 | €2,068 | €1,553 | -€515 | -24.9% |
| Gross operating margin | 9900 | €72,784 | €106,684 | +€33,900 | +46.6% |
| Operating profit (loss) | 9901 | €28,124 | €64,929 | +€36,805 | +131% |
| Financial income | 75/76B | €150 | €27,946 | +€27,796 | +18,508% |
| Recurring financial income | 75 | €150 | €27,946 | +€27,796 | +18,508% |
| Financial charges | 65/66B | €6,953 | €11,061 | +€4,108 | +59.1% |
| Recurring financial charges | 65 | €6,953 | €11,061 | +€4,108 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €21,321 | €81,814 | +€60,493 | +284% |
| Income taxes | 67/77 | €8,987 | €25,857 | +€16,870 | +188% |
| Profit (loss) for the period | 9904 | €12,334 | €55,957 | +€43,623 | +354% |
| Profit (loss) for the period to be appropriated | 9905 | €12,334 | €55,957 | +€43,623 | +354% |
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 30 October 2026 via checked.be.