Flex Technics: 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 Technics
Largest movements
- Receivables within one year -€78,614
down €78,614 (-78.5%), from €100,190 to €21,575
of which Trade receivables: -€69,470
- Tangible fixed assets -€8,365
down €8,365 (-31.3%), from €26,722 to €18,357
of which Furniture and vehicles: -€6,844
- Cash +€8,352
up €8,352 (+8.5%), from €98,049 to €106,401
mainly Receivables within one year (+€78,614) and Depreciation (+€11,305)
- Trade debts -€77,065
down €77,065 (-92.6%), from €83,238 to €6,173
- Current portion of long-term debt -€12,813
down €12,813 (-57.3%), from €22,344 to €9,531
- Other debts +€10,374
up €10,374 (+36.6%), from €28,382 to €38,757
- Debts after one year -€7,531
down €7,531 (-59.5%), from €12,658 to €5,127
- Tax, wage and social debts +€4,393
up €4,393 (+404.0%), from €1,088 to €5,481
- Gross operating margin -€31,787
down €31,787 (-48.8%), from €65,192 to €33,406
- Taxes -€8,622
down €8,622 (-61.4%), from €14,041 to €5,420
- Other operating charges +€1,380
up €1,380 (+27.8%), from €4,959 to €6,339
- Financial charges +€1,276
up €1,276 (+29.8%), from €4,283 to €5,558
- Depreciation +€801
up €801 (+7.6%), from €10,504 to €11,305
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 | €225,784 | €147,362 | -€78,422 | -34.7% |
| Fixed assets | 21/28 | €26,722 | €18,357 | -€8,365 | -31.3% |
| Tangible fixed assets | 22/27 | €26,722 | €18,357 | -€8,365 | -31.3% |
| Plant, machinery and equipment | 23 | €3,243 | €1,722 | -€1,521 | -46.9% |
| Furniture and vehicles | 24 | €23,479 | €16,635 | -€6,844 | -29.2% |
| Current assets | 29/58 | €199,062 | €129,005 | -€70,057 | -35.2% |
| Stocks and contracts in progress | 3 | - | €1,029 | +€1,029 | |
| Stocks | 30/36 | - | €1,029 | +€1,029 | |
| Amounts receivable within one year | 40/41 | €100,190 | €21,575 | -€78,614 | -78.5% |
| Trade receivables | 40 | €86,837 | €17,367 | -€69,470 | -80.0% |
| Other amounts receivable | 41 | €13,353 | €4,208 | -€9,144 | -68.5% |
| Cash at bank and in hand | 54/58 | €98,049 | €106,401 | +€8,352 | +8.5% |
| Deferred charges and accrued income | 490/1 | €824 | - | -€824 | |
| Total equity and liabilities | 10/49 | €225,784 | €147,362 | -€78,422 | -34.7% |
| Equity | 10/15 | €78,075 | €82,294 | +€4,219 | +5.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €76,075 | €80,294 | +€4,219 | +5.5% |
| Distributable reserves | 133 | €76,075 | €80,294 | +€4,219 | +5.5% |
| Amounts payable | 17/49 | €147,710 | €65,068 | -€82,641 | -55.9% |
| Amounts payable after more than one year | 17 | €12,658 | €5,127 | -€7,531 | -59.5% |
| Financial debts | 170/4 | €12,658 | €5,127 | -€7,531 | -59.5% |
| Amounts payable within one year | 42/48 | €135,052 | €59,942 | -€75,110 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €22,344 | €9,531 | -€12,813 | -57.3% |
| Trade debts | 44 | €83,238 | €6,173 | -€77,065 | -92.6% |
| Suppliers | 440/4 | €83,238 | €6,173 | -€77,065 | -92.6% |
| Taxes, remuneration and social security | 45 | €1,088 | €5,481 | +€4,393 | +404.0% |
| Taxes | 450/3 | €1,088 | €5,481 | +€4,393 | +404.0% |
| Other amounts payable | 47/48 | €28,382 | €38,757 | +€10,374 | +36.6% |
| Remuneration, social security and pensions | 62 | - | €608 | +€608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,504 | €11,305 | +€801 | +7.6% |
| Other operating charges | 640/8 | €4,959 | €6,339 | +€1,380 | +27.8% |
| Gross operating margin | 9900 | €65,192 | €33,406 | -€31,787 | -48.8% |
| Operating profit (loss) | 9901 | €49,729 | €15,154 | -€34,575 | -69.5% |
| Financial income | 75/76B | €253 | €43 | -€210 | -83.1% |
| Recurring financial income | 75 | €253 | €43 | -€210 | -83.1% |
| Financial charges | 65/66B | €4,283 | €5,558 | +€1,276 | +29.8% |
| Recurring financial charges | 65 | €4,283 | €5,558 | +€1,276 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €45,699 | €9,638 | -€36,061 | -78.9% |
| Income taxes | 67/77 | €14,041 | €5,420 | -€8,622 | -61.4% |
| Profit (loss) for the period | 9904 | €31,658 | €4,219 | -€27,439 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,658 | €4,219 | -€27,439 | -86.7% |
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 12 October 2026 via checked.be.