FLEXC@RE: 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.
FLEXC@RE
Largest movements
- Tangible fixed assets -€24,921
down €24,921 (-86.4%), from €28,851 to €3,930
of which Leasing and similar rights: -€23,806
- Receivables within one year +€10,250
up €10,250 (+21.4%), from €48,007 to €58,258
- Reserves +€23,500
up €23,500 (+156.7%), from €15,000 to €38,500
- Debts after one year -€21,852
no longer reported in 2023 (was €21,852)
- Trade debts -€5,260
down €5,260 (-84.5%), from €6,228 to €968
- Other debts -€5,000
no longer reported in 2023 (was €5,000)
- Current portion of long-term debt -€2,742
down €2,742 (-42.0%), from €6,537 to €3,795
- Turnover -€112,310
no longer reported in 2023 (was €112,310)
- Purchases and services -€84,177
no longer reported in 2023 (was €84,177)
- Gross operating margin +€6,704
up €6,704 (+19.5%), from €34,315 to €41,018
- Depreciation -€4,177
down €4,177 (-78.9%), from €5,293 to €1,115
- Taxes +€4,142
up €4,142 (+46.2%), from €8,966 to €13,108
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,858 | €62,188 | -€14,671 | -19.1% |
| Fixed assets | 21/28 | €28,851 | €3,930 | -€24,921 | -86.4% |
| Tangible fixed assets | 22/27 | €28,851 | €3,930 | -€24,921 | -86.4% |
| Plant, machinery and equipment | 23 | €5,045 | €3,930 | -€1,115 | -22.1% |
| Leasing and similar rights | 25 | €23,806 | - | -€23,806 | |
| Current assets | 29/58 | €48,007 | €58,258 | +€10,250 | +21.4% |
| Amounts receivable within one year | 40/41 | €48,007 | €58,258 | +€10,250 | +21.4% |
| Other amounts receivable | 41 | €48,007 | €58,258 | +€10,250 | +21.4% |
| Total equity and liabilities | 10/49 | €76,858 | €62,188 | -€14,671 | -19.1% |
| Equity | 10/15 | €21,498 | €45,474 | +€23,975 | +111.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €38,500 | +€23,500 | +156.7% |
| Distributable reserves | 133 | €15,000 | €38,500 | +€23,500 | +156.7% |
| Profit (loss) carried forward | 14 | €498 | €974 | +€475 | +95.4% |
| Amounts payable | 17/49 | €55,360 | €16,714 | -€38,646 | -69.8% |
| Amounts payable after more than one year | 17 | €21,852 | - | -€21,852 | |
| Financial debts | 170/4 | €21,852 | - | -€21,852 | |
| Amounts payable within one year | 42/48 | €33,509 | €16,714 | -€16,795 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €6,537 | €3,795 | -€2,742 | -42.0% |
| Financial debts | 43 | €6,778 | €4,236 | -€2,542 | -37.5% |
| Credit institutions | 430/8 | €6,778 | €4,236 | -€2,542 | -37.5% |
| Trade debts | 44 | €6,228 | €968 | -€5,260 | -84.5% |
| Suppliers | 440/4 | €6,228 | €968 | -€5,260 | -84.5% |
| Taxes, remuneration and social security | 45 | €8,966 | €7,715 | -€1,251 | -13.9% |
| Taxes | 450/3 | €8,966 | €7,715 | -€1,251 | -13.9% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Turnover | 70 | €112,310 | - | -€112,310 | |
| Non-recurring operating income | 76A | €6,183 | - | -€6,183 | |
| Goods, raw materials, services and sundry goods | 60/61 | €84,177 | - | -€84,177 | |
| Remuneration, social security and pensions | 62 | €590 | €1,423 | +€833 | +141.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,293 | €1,115 | -€4,177 | -78.9% |
| Gross operating margin | 9900 | €34,315 | €41,018 | +€6,704 | +19.5% |
| Operating profit (loss) | 9901 | €28,432 | €38,480 | +€10,048 | +35.3% |
| Financial income | 75/76B | €1,704 | €15 | -€1,689 | -99.1% |
| Recurring financial income | 75 | €1,704 | €15 | -€1,689 | -99.1% |
| Non-recurring financial income | 76B | €1,704 | - | -€1,704 | |
| Financial charges | 65/66B | €672 | €1,412 | +€740 | +110.0% |
| Recurring financial charges | 65 | €672 | €1,412 | +€740 | +110.0% |
| Profit (loss) for the period before taxes | 9903 | €29,464 | €37,083 | +€7,619 | +25.9% |
| Income taxes | 67/77 | €8,966 | €13,108 | +€4,142 | +46.2% |
| Profit (loss) for the period | 9904 | €20,498 | €23,975 | +€3,477 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,498 | €23,975 | +€3,477 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.