FLEXE: 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.
FLEXE
Largest movements
- Cash +€73,219
up €73,219 (+6.7%), from €1.1m to €1.2m
mainly Net result for the year (+€97,092) and Other debts (+€55,000)
- Receivables within one year +€70,117
up €70,117 (+129%), from €54,361 to €124,478
of which Trade receivables: +€67,044
- Current investments +€44,043
up €44,043 (+8.8%), from €500,000 to €544,043
- Tangible fixed assets -€21,445
down €21,445 (-12.5%), from €172,181 to €150,735
of which Land and buildings: -€14,053
- Reserves +€97,092
up €97,092 (+6.2%), from €1.6m to €1.7m
of which Tax-exempt reserves: +€63,150
- Other debts +€55,000
up €55,000 (+611%), from €9,000 to €64,000
- Staff costs -€45,087
down €45,087 (-16.9%), from €266,521 to €221,434
- Gross operating margin -€39,128
down €39,128 (-9.8%), from €399,768 to €360,640
- Financial income +€15,637
new in 2025: €15,637
- Financial charges +€7,711
up €7,711 (+22,107%), from €35 to €7,746
- Depreciation -€5,195
down €5,195 (-19.5%), from €26,640 to €21,445
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 | €1,815,511 | €1,986,445 | +€170,934 | +9.4% |
| Fixed assets | 21/28 | €172,181 | €150,735 | -€21,445 | -12.5% |
| Tangible fixed assets | 22/27 | €172,181 | €150,735 | -€21,445 | -12.5% |
| Land and buildings | 22 | €141,437 | €127,385 | -€14,053 | -9.9% |
| Plant, machinery and equipment | 23 | €14,816 | €10,004 | -€4,812 | -32.5% |
| Furniture and vehicles | 24 | €15,927 | €13,346 | -€2,580 | -16.2% |
| Current assets | 29/58 | €1,643,331 | €1,835,710 | +€192,379 | +11.7% |
| Amounts receivable within one year | 40/41 | €54,361 | €124,478 | +€70,117 | +129% |
| Trade receivables | 40 | €51,763 | €118,807 | +€67,044 | +130% |
| Other amounts receivable | 41 | €2,598 | €5,672 | +€3,074 | +118% |
| Current investments | 50/53 | €500,000 | €544,043 | +€44,043 | +8.8% |
| Cash at bank and in hand | 54/58 | €1,088,969 | €1,162,188 | +€73,219 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €1,815,511 | €1,986,445 | +€170,934 | +9.4% |
| Equity | 10/15 | €1,766,642 | €1,863,733 | +€97,092 | +5.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | - | -€200,000 | |
| Issued capital | 100 | €200,000 | - | -€200,000 | |
| Reserves | 13 | €1,566,642 | €1,663,733 | +€97,092 | +6.2% |
| Non-distributable reserves | 130/1 | €20,000 | €60,000 | +€40,000 | +200% |
| Legal reserve | 130 | €20,000 | - | -€20,000 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €60,000 | +€60,000 | |
| Tax-exempt reserves | 132 | €49,003 | €112,153 | +€63,150 | +129% |
| Distributable reserves | 133 | €1,497,638 | €1,491,580 | -€6,058 | -0.4% |
| Amounts payable | 17/49 | €48,870 | €122,712 | +€73,843 | +151% |
| Amounts payable within one year | 42/48 | €46,985 | €118,020 | +€71,035 | +151% |
| Trade debts | 44 | €6,572 | €3,759 | -€2,813 | -42.8% |
| Suppliers | 440/4 | €6,572 | €3,759 | -€2,813 | -42.8% |
| Taxes, remuneration and social security | 45 | €31,412 | €50,261 | +€18,849 | +60.0% |
| Taxes | 450/3 | €7,220 | €19,897 | +€12,677 | +176% |
| Remuneration and social security | 454/9 | €24,193 | €30,365 | +€6,172 | +25.5% |
| Other amounts payable | 47/48 | €9,000 | €64,000 | +€55,000 | +611% |
| Accrued charges and deferred income | 492/3 | €1,885 | €4,692 | +€2,807 | +149% |
| Remuneration, social security and pensions | 62 | €266,521 | €221,434 | -€45,087 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,640 | €21,445 | -€5,195 | -19.5% |
| Other operating charges | 640/8 | €2,752 | €2,822 | +€70 | +2.5% |
| Gross operating margin | 9900 | €399,768 | €360,640 | -€39,128 | -9.8% |
| Operating profit (loss) | 9901 | €103,855 | €114,938 | +€11,083 | +10.7% |
| Financial income | 75/76B | - | €15,637 | +€15,637 | |
| Recurring financial income | 75 | - | €15,637 | +€15,637 | |
| Financial charges | 65/66B | €35 | €7,746 | +€7,711 | +22,107% |
| Recurring financial charges | 65 | €35 | €7,746 | +€7,711 | +22,107% |
| Profit (loss) for the period before taxes | 9903 | €103,820 | €122,830 | +€19,010 | +18.3% |
| Income taxes | 67/77 | €26,402 | €25,738 | -€664 | -2.5% |
| Profit (loss) for the period | 9904 | €77,418 | €97,092 | +€19,673 | +25.4% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,418 | €33,942 | -€43,477 | -56.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.