FlexArt Facades: 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.
What changed
FlexArt Facades
NACE 43.350, Other building finishing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€35,744
2024 · €69,656-€33,912
Equity
€439,304
2024 · €403,561+€35,743
Cash
€2,166
2024 · €3,388-€1,222
Balance sheet total
€851,219
2024 · €884,616-€33,397
Largest movements
Assets
- Tangible fixed assets -€30,542
down €30,542 (-33.1%), from €92,358 to €61,816
of which Leasing and similar rights: -€17,986
Equity and liabilities
- Trade debts -€184,577
down €184,577 (-49.4%), from €373,650 to €189,073
- Debts after one year +€129,671
up €129,671 (+381%), from €33,995 to €163,666
- Profit (loss) carried forward +€35,743
up €35,743 (+10.2%), from €351,361 to €387,104
Income statement
- Gross operating margin -€52,093
down €52,093 (-37.6%), from €138,410 to €86,317
- Taxes -€19,716
down €19,716 (-62.0%), from €31,799 to €12,083
- Depreciation +€2,427
up €2,427 (+8.3%), from €29,270 to €31,697
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.
Result 2024
€69,656
Gross operating margin
-€52,093
Depreciation
-€2,427
Other operating charges
+€149
Financial income
+€1,134
Financial charges
-€391
Taxes
+€19,716
Result 2025
€35,744
raises the resultlowers the result
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.
From operations
-€125,470
Investment
+€1,845
Financing
+€122,403
Cash 2024
€3,388
From operations (derived)
-€125,470
Net result for the year
+€35,744
Depreciation
+€31,697
Receivables within one year
-€1,927
Deferred charges and accrued income
+€561
Trade debts
-€184,577
Tax, wage and social debts
-€6,967
Investment (derived)
+€1,845
Investment in fixed assets (net)
+€1,845
Financing
+€122,403
Debts after one year
+€129,671
Current portion of long-term debt
-€7,267
Contributions, distributions and other
-€1
Cash 2025
€2,166
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,616 | €851,219 | -€33,397 | -3.8% |
| Fixed assets | 21/28 | €95,358 | €61,816 | -€33,542 | -35.2% |
| Tangible fixed assets | 22/27 | €92,358 | €61,816 | -€30,542 | -33.1% |
| Plant, machinery and equipment | 23 | €2,857 | €1,987 | -€870 | -30.4% |
| Furniture and vehicles | 24 | €27,943 | €16,258 | -€11,685 | -41.8% |
| Leasing and similar rights | 25 | €61,557 | €43,571 | -€17,986 | -29.2% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €789,259 | €789,403 | +€144 | 0.0% |
| Amounts receivable within one year | 40/41 | €782,709 | €784,636 | +€1,927 | +0.2% |
| Trade receivables | 40 | €755,381 | €734,358 | -€21,023 | -2.8% |
| Other amounts receivable | 41 | €27,328 | €50,278 | +€22,950 | +84.0% |
| Cash at bank and in hand | 54/58 | €3,388 | €2,166 | -€1,222 | -36.1% |
| Deferred charges and accrued income | 490/1 | €3,162 | €2,601 | -€561 | -17.7% |
| Total equity and liabilities | 10/49 | €884,616 | €851,219 | -€33,397 | -3.8% |
| Equity | 10/15 | €403,561 | €439,304 | +€35,743 | +8.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €50,200 | €50,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,361 | €387,104 | +€35,743 | +10.2% |
| Amounts payable | 17/49 | €481,056 | €411,915 | -€69,141 | -14.4% |
| Amounts payable after more than one year | 17 | €33,995 | €163,666 | +€129,671 | +381% |
| Financial debts | 170/4 | €33,995 | €163,666 | +€129,671 | +381% |
| Amounts payable within one year | 42/48 | €447,060 | €248,249 | -€198,811 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €27,762 | €20,495 | -€7,267 | -26.2% |
| Trade debts | 44 | €373,650 | €189,073 | -€184,577 | -49.4% |
| Suppliers | 440/4 | €373,650 | €189,073 | -€184,577 | -49.4% |
| Taxes, remuneration and social security | 45 | €45,648 | €38,681 | -€6,967 | -15.3% |
| Taxes | 450/3 | €26,598 | €38,681 | +€12,083 | +45.4% |
| Remuneration and social security | 454/9 | €19,050 | - | -€19,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,270 | €31,697 | +€2,427 | +8.3% |
| Other operating charges | 640/8 | €1,316 | €1,167 | -€149 | -11.3% |
| Gross operating margin | 9900 | €138,410 | €86,317 | -€52,093 | -37.6% |
| Operating profit (loss) | 9901 | €107,824 | €53,453 | -€54,371 | -50.4% |
| Financial income | 75/76B | €329 | €1,463 | +€1,134 | +345% |
| Recurring financial income | 75 | €329 | €1,463 | +€1,134 | +345% |
| Financial charges | 65/66B | €6,698 | €7,089 | +€391 | +5.8% |
| Recurring financial charges | 65 | €6,698 | €7,089 | +€391 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €101,455 | €47,827 | -€53,628 | -52.9% |
| Income taxes | 67/77 | €31,799 | €12,083 | -€19,716 | -62.0% |
| Profit (loss) for the period | 9904 | €69,656 | €35,744 | -€33,912 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,656 | €35,744 | -€33,912 | -48.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.