FlexEplus: 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.
FlexEplus
Largest movements
- Cash -€344,129
down €344,129 (-35.3%), from €975,034 to €630,905
mainly Debts after one year (-€265,294) and Receivables after one year (-€216,000)
- Receivables after one year +€216,000
new in 2023: €216,000
- Receivables within one year -€27,971
down €27,971 (-27.3%), from €102,499 to €74,528
of which Trade receivables: -€28,134
- Tangible fixed assets -€25,758
down €25,758 (-8.2%), from €314,618 to €288,859
of which Land and buildings: -€17,537
- Debts after one year -€265,294
down €265,294 (-49.6%), from €534,629 to €269,335
- Reserves +€76,000
up €76,000 (+10.9%), from €696,760 to €772,760
of which Distributable reserves: +€76,000
- Other debts +€59,237
up €59,237 (+350.8%), from €16,886 to €76,123
- Trade debts -€36,303
down €36,303 (-45.1%), from €80,455 to €44,152
- Tax, wage and social debts -€25,860
down €25,860 (-57.4%), from €45,056 to €19,196
of which Remuneration and social security: -€26,829
- Gross operating margin -€11,562
down €11,562 (-7.6%), from €152,986 to €141,424
- Financial charges -€6,210
down €6,210 (-77.9%), from €7,969 to €1,759
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 | €1,397,677 | €1,213,917 | -€183,761 | -13.1% |
| Fixed assets | 21/28 | €314,643 | €288,884 | -€25,758 | -8.2% |
| Tangible fixed assets | 22/27 | €314,618 | €288,859 | -€25,758 | -8.2% |
| Land and buildings | 22 | €304,949 | €287,412 | -€17,537 | -5.8% |
| Furniture and vehicles | 24 | €8,811 | €804 | -€8,007 | -90.9% |
| Other tangible fixed assets | 26 | €857 | €643 | -€214 | -25.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,083,035 | €925,032 | -€158,003 | -14.6% |
| Amounts receivable after more than one year | 29 | - | €216,000 | +€216,000 | |
| Trade receivables | 290 | - | €216,000 | +€216,000 | |
| Amounts receivable within one year | 40/41 | €102,499 | €74,528 | -€27,971 | -27.3% |
| Trade receivables | 40 | €94,803 | €66,668 | -€28,134 | -29.7% |
| Other amounts receivable | 41 | €7,697 | €7,860 | +€163 | +2.1% |
| Cash at bank and in hand | 54/58 | €975,034 | €630,905 | -€344,129 | -35.3% |
| Deferred charges and accrued income | 490/1 | €5,501 | €3,599 | -€1,902 | -34.6% |
| Total equity and liabilities | 10/49 | €1,397,677 | €1,213,917 | -€183,761 | -13.1% |
| Equity | 10/15 | €712,789 | €788,904 | +€76,114 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €696,760 | €772,760 | +€76,000 | +10.9% |
| 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 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €676,150 | €752,150 | +€76,000 | +11.2% |
| Profit (loss) carried forward | 14 | €3,629 | €3,744 | +€114 | +3.1% |
| Amounts payable | 17/49 | €684,888 | €425,013 | -€259,875 | -37.9% |
| Amounts payable after more than one year | 17 | €534,629 | €269,335 | -€265,294 | -49.6% |
| Financial debts | 170/4 | €534,629 | €269,335 | -€265,294 | -49.6% |
| Amounts payable within one year | 42/48 | €150,259 | €155,678 | +€5,419 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | - | €16,207 | +€16,207 | |
| Financial debts | 43 | €7,863 | - | -€7,863 | |
| Credit institutions | 430/8 | €7,863 | - | -€7,863 | |
| Trade debts | 44 | €80,455 | €44,152 | -€36,303 | -45.1% |
| Suppliers | 440/4 | €80,455 | €44,152 | -€36,303 | -45.1% |
| Taxes, remuneration and social security | 45 | €45,056 | €19,196 | -€25,860 | -57.4% |
| Taxes | 450/3 | €18,227 | €19,196 | +€969 | +5.3% |
| Remuneration and social security | 454/9 | €26,829 | - | -€26,829 | |
| Other amounts payable | 47/48 | €16,886 | €76,123 | +€59,237 | +350.8% |
| Remuneration, social security and pensions | 62 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,511 | €25,758 | -€753 | -2.8% |
| Other operating charges | 640/8 | €4,602 | €4,357 | -€244 | -5.3% |
| Gross operating margin | 9900 | €152,986 | €141,424 | -€11,562 | -7.6% |
| Operating profit (loss) | 9901 | €121,873 | €111,266 | -€10,607 | -8.7% |
| Financial income | 75/76B | €1 | €33 | +€33 | +6594.0% |
| Recurring financial income | 75 | €1 | €33 | +€33 | +6594.0% |
| Financial charges | 65/66B | €7,969 | €1,759 | -€6,210 | -77.9% |
| Recurring financial charges | 65 | €7,969 | €1,759 | -€6,210 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €113,905 | €109,541 | -€4,364 | -3.8% |
| Income taxes | 67/77 | €34,903 | €33,427 | -€1,477 | -4.2% |
| Profit (loss) for the period | 9904 | €79,001 | €76,114 | -€2,887 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,001 | €76,114 | -€2,887 | -3.7% |
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 30 September 2026 via checked.be.