FLEX-T: 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-T
Largest movements
- Receivables within one year +€64,853
up €64,853 (+150.2%), from €43,166 to €108,019
of which Trade receivables: +€67,322
- Cash -€38,119
down €38,119 (-56.5%), from €67,510 to €29,390
mainly Contributions, distributions and other (-€84,414) and Receivables within one year (-€64,853)
- Tangible fixed assets +€21,008
up €21,008 (+66.3%), from €31,702 to €52,711
of which Furniture and vehicles: +€22,292
- Other debts +€74,920
up €74,920 (+104.7%), from €71,524 to €146,445
- Trade debts -€27,463
down €27,463 (-96.6%), from €28,422 to €960
- Depreciation +€11,335
up €11,335 (+480.4%), from €2,359 to €13,694
- Write-downs -€10,992
no longer reported in 2025 (was €10,992)
- Gross operating margin +€2,667
up €2,667 (+2.3%), from €116,060 to €118,727
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 | €143,836 | €190,121 | +€46,284 | +32.2% |
| Fixed assets | 21/28 | €31,702 | €52,711 | +€21,008 | +66.3% |
| Tangible fixed assets | 22/27 | €31,702 | €52,711 | +€21,008 | +66.3% |
| Plant, machinery and equipment | 23 | €878 | €253 | -€625 | -71.2% |
| Furniture and vehicles | 24 | €28,107 | €50,400 | +€22,292 | +79.3% |
| Other tangible fixed assets | 26 | €2,717 | €2,058 | -€659 | -24.3% |
| Current assets | 29/58 | €112,134 | €137,410 | +€25,276 | +22.5% |
| Amounts receivable within one year | 40/41 | €43,166 | €108,019 | +€64,853 | +150.2% |
| Trade receivables | 40 | €36,682 | €104,004 | +€67,322 | +183.5% |
| Other amounts receivable | 41 | €6,484 | €4,015 | -€2,469 | -38.1% |
| Cash at bank and in hand | 54/58 | €67,510 | €29,390 | -€38,119 | -56.5% |
| Deferred charges and accrued income | 490/1 | €1,458 | - | -€1,458 | |
| Total equity and liabilities | 10/49 | €143,836 | €190,121 | +€46,284 | +32.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €125,236 | €171,521 | +€46,284 | +37.0% |
| Amounts payable within one year | 42/48 | €123,817 | €171,521 | +€47,704 | +38.5% |
| Trade debts | 44 | €28,422 | €960 | -€27,463 | -96.6% |
| Suppliers | 440/4 | €28,422 | €960 | -€27,463 | -96.6% |
| Taxes, remuneration and social security | 45 | €23,870 | €24,116 | +€246 | +1.0% |
| Taxes | 450/3 | €23,870 | €23,590 | -€281 | -1.2% |
| Remuneration and social security | 454/9 | - | €527 | +€527 | |
| Other amounts payable | 47/48 | €71,524 | €146,445 | +€74,920 | +104.7% |
| Accrued charges and deferred income | 492/3 | €1,420 | - | -€1,420 | |
| Non-recurring operating income | 76A | €7,964 | - | -€7,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €13,694 | +€11,335 | +480.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,992 | - | -€10,992 | |
| Other operating charges | 640/8 | €395 | €648 | +€253 | +64.0% |
| Gross operating margin | 9900 | €116,060 | €118,727 | +€2,667 | +2.3% |
| Operating profit (loss) | 9901 | €102,314 | €104,385 | +€2,071 | +2.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €95 | €328 | +€233 | +244.8% |
| Recurring financial charges | 65 | €95 | €328 | +€233 | +244.8% |
| Profit (loss) for the period before taxes | 9903 | €102,226 | €104,057 | +€1,832 | +1.8% |
| Income taxes | 67/77 | €19,341 | €19,644 | +€302 | +1.6% |
| Profit (loss) for the period | 9904 | €82,884 | €84,414 | +€1,529 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,884 | €84,414 | +€1,529 | +1.8% |
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 8 October 2026 via checked.be.