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 -€72,226
down €72,226 (-46.7%), from €154,510 to €82,284
of which Trade receivables: -€79,211
- Cash -€8,759
down €8,759 (-39.0%), from €22,466 to €13,707
mainly Accrued charges and deferred income (-€90,347) and Other debts (-€10,000)
- Accrued charges and deferred income -€90,347
no longer reported in 2023 (was €90,347)
- Other debts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Trade debts +€8,357
up €8,357 (+21.8%), from €38,261 to €46,618
- Profit (loss) carried forward +€7,760
up €7,760 (+129%), from €6,023 to €13,783
- Tax, wage and social debts +€2,645
up €2,645 (+44.8%), from €5,909 to €8,554
of which Remuneration and social security: +€4,054
- Turnover -€310,377
no longer reported in 2023 (was €310,377)
- Purchases and services -€212,630
no longer reported in 2023 (was €212,630)
- Gross operating margin -€19,841
down €19,841 (-20.3%), from €97,747 to €77,907
- Financial income -€3,274
down €3,274 (-95.9%), from €3,414 to €140
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,041 | €97,456 | -€81,585 | -45.6% |
| Fixed assets | 21/28 | €2,065 | €1,465 | -€600 | -29.1% |
| Tangible fixed assets | 22/27 | €600 | - | -€600 | |
| Plant, machinery and equipment | 23 | €600 | - | -€600 | |
| Financial fixed assets | 28 | €1,465 | €1,465 | = | 0.0% |
| Current assets | 29/58 | €176,976 | €95,991 | -€80,985 | -45.8% |
| Amounts receivable within one year | 40/41 | €154,510 | €82,284 | -€72,226 | -46.7% |
| Trade receivables | 40 | €96,801 | €17,590 | -€79,211 | -81.8% |
| Other amounts receivable | 41 | €57,709 | €64,694 | +€6,985 | +12.1% |
| Cash at bank and in hand | 54/58 | €22,466 | €13,707 | -€8,759 | -39.0% |
| Total equity and liabilities | 10/49 | €179,041 | €97,456 | -€81,585 | -45.6% |
| Equity | 10/15 | €24,523 | €32,283 | +€7,760 | +31.6% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,023 | €13,783 | +€7,760 | +129% |
| Amounts payable | 17/49 | €154,518 | €65,172 | -€89,345 | -57.8% |
| Amounts payable within one year | 42/48 | €64,170 | €65,172 | +€1,002 | +1.6% |
| Trade debts | 44 | €38,261 | €46,618 | +€8,357 | +21.8% |
| Suppliers | 440/4 | €38,261 | €46,618 | +€8,357 | +21.8% |
| Taxes, remuneration and social security | 45 | €5,909 | €8,554 | +€2,645 | +44.8% |
| Taxes | 450/3 | €5,909 | €4,500 | -€1,409 | -23.8% |
| Remuneration and social security | 454/9 | - | €4,054 | +€4,054 | |
| Other amounts payable | 47/48 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €90,347 | - | -€90,347 | |
| Turnover | 70 | €310,377 | - | -€310,377 | |
| Goods, raw materials, services and sundry goods | 60/61 | €212,630 | - | -€212,630 | |
| Remuneration, social security and pensions | 62 | €57,302 | €54,854 | -€2,449 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €600 | = | 0.0% |
| Other operating charges | 640/8 | €1,427 | €2,720 | +€1,293 | +90.6% |
| Gross operating margin | 9900 | €97,747 | €77,907 | -€19,841 | -20.3% |
| Operating profit (loss) | 9901 | €38,418 | €19,733 | -€18,685 | -48.6% |
| Financial income | 75/76B | €3,414 | €140 | -€3,274 | -95.9% |
| Recurring financial income | 75 | €3,414 | €140 | -€3,274 | -95.9% |
| Financial charges | 65/66B | €2,270 | €173 | -€2,097 | -92.4% |
| Recurring financial charges | 65 | €2,270 | €173 | -€2,097 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €39,562 | €19,700 | -€19,862 | -50.2% |
| Income taxes | 67/77 | €2,258 | €1,940 | -€318 | -14.1% |
| Profit (loss) for the period | 9904 | €37,304 | €17,760 | -€19,544 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,304 | €17,760 | -€19,544 | -52.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.