FLEXBOUW: 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.
FLEXBOUW
Largest movements
- Cash -€167,921
down €167,921 (-75.0%), from €223,768 to €55,847
mainly Other debts (-€109,402) and Stocks and contracts (-€37,296)
- Stocks and contracts +€37,296
up €37,296 (+8.1%), from €459,176 to €496,471
- Other debts -€109,402
down €109,402 (-39.3%), from €278,629 to €169,228
- Debts after one year -€26,069
down €26,069 (-13.1%), from €199,442 to €173,373
- Current portion of long-term debt -€13,069
down €13,069 (-33.5%), from €39,058 to €25,988
- Trade debts +€10,908
up €10,908 (+232%), from €4,699 to €15,606
- Staff costs -€4,569
down €4,569 (-85.2%), from €5,364 to €796
- Gross operating margin -€2,097
down €2,097 (-7.1%), from €29,373 to €27,276
- Other operating charges +€1,518
up €1,518 (+64.4%), from €2,358 to €3,876
- Taxes +€1,101
new in 2025: €1,101
- Financial charges -€744
down €744 (-13.2%), from €5,659 to €4,915
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 | €753,834 | €617,895 | -€135,940 | -18.0% |
| Fixed assets | 21/28 | €60,000 | €52,941 | -€7,059 | -11.8% |
| Tangible fixed assets | 22/27 | €60,000 | €52,941 | -€7,059 | -11.8% |
| Land and buildings | 22 | €60,000 | €48,000 | -€12,000 | -20.0% |
| Furniture and vehicles | 24 | - | €4,941 | +€4,941 | |
| Current assets | 29/58 | €693,834 | €564,954 | -€128,881 | -18.6% |
| Stocks and contracts in progress | 3 | €459,176 | €496,471 | +€37,296 | +8.1% |
| Stocks | 30/36 | €459,176 | €496,471 | +€37,296 | +8.1% |
| Amounts receivable within one year | 40/41 | €8,623 | €10,602 | +€1,979 | +23.0% |
| Trade receivables | 40 | €8,623 | €6,969 | -€1,654 | -19.2% |
| Other amounts receivable | 41 | - | €3,633 | +€3,633 | |
| Cash at bank and in hand | 54/58 | €223,768 | €55,847 | -€167,921 | -75.0% |
| Deferred charges and accrued income | 490/1 | €2,268 | €2,033 | -€234 | -10.3% |
| Total equity and liabilities | 10/49 | €753,834 | €617,895 | -€135,940 | -18.0% |
| Equity | 10/15 | €229,488 | €232,598 | +€3,110 | +1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,929 | €26,929 | = | 0.0% |
| Distributable reserves | 133 | €26,929 | €26,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,160 | €193,270 | +€3,110 | +1.6% |
| Amounts payable | 17/49 | €524,346 | €385,296 | -€139,050 | -26.5% |
| Amounts payable after more than one year | 17 | €199,442 | €173,373 | -€26,069 | -13.1% |
| Financial debts | 170/4 | €199,442 | €173,373 | -€26,069 | -13.1% |
| Amounts payable within one year | 42/48 | €324,904 | €211,924 | -€112,981 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €39,058 | €25,988 | -€13,069 | -33.5% |
| Trade debts | 44 | €4,699 | €15,606 | +€10,908 | +232% |
| Suppliers | 440/4 | €4,699 | €15,606 | +€10,908 | +232% |
| Taxes, remuneration and social security | 45 | €2,519 | €1,101 | -€1,418 | -56.3% |
| Taxes | 450/3 | €2,519 | €1,101 | -€1,418 | -56.3% |
| Other amounts payable | 47/48 | €278,629 | €169,228 | -€109,402 | -39.3% |
| Remuneration, social security and pensions | 62 | €5,364 | €796 | -€4,569 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,691 | €12,759 | +€68 | +0.5% |
| Other operating charges | 640/8 | €2,358 | €3,876 | +€1,518 | +64.4% |
| Non-recurring operating charges | 66A | - | €750 | +€750 | |
| Gross operating margin | 9900 | €29,373 | €27,276 | -€2,097 | -7.1% |
| Operating profit (loss) | 9901 | €8,960 | €9,096 | +€136 | +1.5% |
| Financial income | 75/76B | €29 | €30 | +€2 | +5.3% |
| Recurring financial income | 75 | €29 | €30 | +€2 | +5.3% |
| Financial charges | 65/66B | €5,659 | €4,915 | -€744 | -13.2% |
| Recurring financial charges | 65 | €5,659 | €4,915 | -€744 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €3,330 | €4,211 | +€882 | +26.5% |
| Income taxes | 67/77 | - | €1,101 | +€1,101 | |
| Profit (loss) for the period | 9904 | €3,330 | €3,110 | -€220 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,330 | €3,110 | -€220 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.