FleXcellent: 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.
FleXcellent
Largest movements
- Cash +€34,346
up €34,346 (+129.2%), from €26,592 to €60,938
mainly Current investments (+€27,500) and Net result for the year (+€7,553)
- Current investments -€27,500
no longer reported in 2025 (was €27,500)
- Receivables within one year +€3,601
up €3,601 (+9.5%), from €37,819 to €41,420
of which Other amounts receivable: +€1,917
- Tangible fixed assets -€3,052
down €3,052 (-48.9%), from €6,245 to €3,193
- Reserves +€7,553
up €7,553 (+16.2%), from €46,600 to €54,153
- Other operating charges +€397
up €397 (+60.0%), from €662 to €1,059
- Depreciation +€370
up €370 (+13.8%), from €2,682 to €3,052
- Financial income +€345
up €345 (+18.7%), from €1,843 to €2,188
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 | €99,339 | €106,829 | +€7,491 | +7.5% |
| Fixed assets | 21/28 | €6,245 | €3,193 | -€3,052 | -48.9% |
| Tangible fixed assets | 22/27 | €6,245 | €3,193 | -€3,052 | -48.9% |
| Plant, machinery and equipment | 23 | €6,245 | €3,193 | -€3,052 | -48.9% |
| Current assets | 29/58 | €93,094 | €103,637 | +€10,543 | +11.3% |
| Amounts receivable within one year | 40/41 | €37,819 | €41,420 | +€3,601 | +9.5% |
| Trade receivables | 40 | €9,039 | €10,723 | +€1,684 | +18.6% |
| Other amounts receivable | 41 | €28,780 | €30,697 | +€1,917 | +6.7% |
| Current investments | 50/53 | €27,500 | - | -€27,500 | |
| Cash at bank and in hand | 54/58 | €26,592 | €60,938 | +€34,346 | +129.2% |
| Deferred charges and accrued income | 490/1 | €1,183 | €1,279 | +€96 | +8.1% |
| Total equity and liabilities | 10/49 | €99,339 | €106,829 | +€7,491 | +7.5% |
| Equity | 10/15 | €92,675 | €100,228 | +€7,553 | +8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,600 | €54,153 | +€7,553 | +16.2% |
| Distributable reserves | 133 | €46,600 | €54,153 | +€7,553 | +16.2% |
| Profit (loss) carried forward | 14 | €41,075 | €41,075 | = | 0.0% |
| Amounts payable | 17/49 | €6,664 | €6,601 | -€63 | -0.9% |
| Amounts payable within one year | 42/48 | €6,664 | €6,601 | -€63 | -0.9% |
| Trade debts | 44 | €84 | €21 | -€63 | -75.1% |
| Suppliers | 440/4 | €84 | €21 | -€63 | -75.1% |
| Taxes, remuneration and social security | 45 | €6,580 | €6,580 | +€1 | 0.0% |
| Taxes | 450/3 | €6,580 | €6,580 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,682 | €3,052 | +€370 | +13.8% |
| Other operating charges | 640/8 | €662 | €1,059 | +€397 | +60.0% |
| Gross operating margin | 9900 | €13,881 | €13,840 | -€41 | -0.3% |
| Operating profit (loss) | 9901 | €10,538 | €9,729 | -€809 | -7.7% |
| Financial income | 75/76B | €1,843 | €2,188 | +€345 | +18.7% |
| Recurring financial income | 75 | €1,843 | €2,188 | +€345 | +18.7% |
| Financial charges | 65/66B | €126 | €126 | -€0 | 0.0% |
| Recurring financial charges | 65 | €126 | €126 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €12,255 | €11,791 | -€464 | -3.8% |
| Income taxes | 67/77 | €4,253 | €4,238 | -€15 | -0.4% |
| Profit (loss) for the period | 9904 | €8,002 | €7,553 | -€449 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,002 | €7,553 | -€449 | -5.6% |
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 9 October 2026 via checked.be.