FLEXCO: 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.
FLEXCO
Largest movements
- Tangible fixed assets -€71,937
down €71,937 (-35.5%), from €202,511 to €130,574
of which Furniture and vehicles: -€54,614
- Receivables within one year -€63,770
down €63,770 (-24.4%), from €260,900 to €197,130
of which Trade receivables: -€76,726
- Trade debts -€103,024
down €103,024 (-93.8%), from €109,811 to €6,787
- Current portion of long-term debt -€29,079
down €29,079 (-93.0%), from €31,269 to €2,190
- Reserves +€22,070
up €22,070 (+7.8%), from €281,543 to €303,613
of which Distributable reserves: +€22,070
- Debts after one year -€21,803
no longer reported in 2023 (was €21,803)
- Gross operating margin -€7,599
down €7,599 (-8.7%), from €87,315 to €79,715
- Taxes +€5,819
up €5,819 (+27.1%), from €21,506 to €27,325
- Financial charges +€2,930
up €2,930 (+90.7%), from €3,232 to €6,163
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
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,273 | €368,955 | -€136,318 | -27.0% |
| Fixed assets | 21/28 | €202,511 | €130,574 | -€71,937 | -35.5% |
| Tangible fixed assets | 22/27 | €202,511 | €130,574 | -€71,937 | -35.5% |
| Land and buildings | 22 | €49,564 | €32,240 | -€17,324 | -35.0% |
| Furniture and vehicles | 24 | €152,947 | €98,333 | -€54,614 | -35.7% |
| Current assets | 29/58 | €302,761 | €238,381 | -€64,380 | -21.3% |
| Amounts receivable within one year | 40/41 | €260,900 | €197,130 | -€63,770 | -24.4% |
| Trade receivables | 40 | €183,554 | €106,828 | -€76,726 | -41.8% |
| Other amounts receivable | 41 | €77,346 | €90,302 | +€12,957 | +16.8% |
| Cash at bank and in hand | 54/58 | €41,861 | €41,251 | -€610 | -1.5% |
| Total equity and liabilities | 10/49 | €505,273 | €368,955 | -€136,318 | -27.0% |
| Equity | 10/15 | €325,618 | €347,687 | +€22,070 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €281,543 | €303,613 | +€22,070 | +7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €270,983 | €293,053 | +€22,070 | +8.1% |
| Profit (loss) carried forward | 14 | €37,875 | €37,875 | = | 0.0% |
| Amounts payable | 17/49 | €179,655 | €21,268 | -€158,387 | -88.2% |
| Amounts payable after more than one year | 17 | €21,803 | - | -€21,803 | |
| Financial debts | 170/4 | €21,803 | - | -€21,803 | |
| Amounts payable within one year | 42/48 | €157,852 | €21,268 | -€136,585 | -86.5% |
| Current portion of amounts payable after more than one year | 42 | €31,269 | €2,190 | -€29,079 | -93.0% |
| Trade debts | 44 | €109,811 | €6,787 | -€103,024 | -93.8% |
| Suppliers | 440/4 | €109,811 | €6,787 | -€103,024 | -93.8% |
| Taxes, remuneration and social security | 45 | €16,772 | €12,290 | -€4,482 | -26.7% |
| Taxes | 450/3 | €16,772 | €12,290 | -€4,482 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,755 | €23,565 | +€810 | +3.6% |
| Other operating charges | 640/8 | €4,556 | €4,365 | -€190 | -4.2% |
| Gross operating margin | 9900 | €87,315 | €79,715 | -€7,599 | -8.7% |
| Operating profit (loss) | 9901 | €60,004 | €51,785 | -€8,219 | -13.7% |
| Financial income | 75/76B | €4,485 | €3,772 | -€712 | -15.9% |
| Recurring financial income | 75 | €4,485 | €3,772 | -€712 | -15.9% |
| Financial charges | 65/66B | €3,232 | €6,163 | +€2,930 | +90.7% |
| Recurring financial charges | 65 | €3,232 | €6,163 | +€2,930 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €61,256 | €49,395 | -€11,861 | -19.4% |
| Income taxes | 67/77 | €21,506 | €27,325 | +€5,819 | +27.1% |
| Profit (loss) for the period | 9904 | €39,750 | €22,070 | -€17,680 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,750 | €22,070 | -€17,680 | -44.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.