FLEXFURN: 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.
What changed
FLEXFURN
NACE 46.494, Wholesale of non-electrical household articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€480,694
2024 · €1.5m-€1.0m
Equity
€1.1m
2024 · €3.7m-€2.6m
Cash
€140,464
2024 · €246,856-€106,392
Balance sheet total
€6.2m
2024 · €6.7m-€536,398
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-36.2%), from €3.3m to €2.1m
of which Other amounts receivable: -€948,036
- Stocks and contracts +€804,173
up €804,173 (+28.8%), from €2.8m to €3.6m
- Cash -€106,392
down €106,392 (-43.1%), from €246,856 to €140,464
mainly Contributions, distributions and other (-€3.1m) and Stocks and contracts (-€804,173)
Equity and liabilities
- Debts after one year +€2.8m
up €2.8m (+2215.6%), from €124,161 to €2.9m
- Profit (loss) carried forward -€2.6m
down €2.6m (-74.3%), from €3.5m to €897,363
- Short-term financial debts -€692,488
down €692,488 (-42.4%), from €1.6m to €942,515
- Current portion of long-term debt +€366,299
up €366,299 (+186.9%), from €195,951 to €562,251
- Trade debts -€186,726
down €186,726 (-28.4%), from €658,037 to €471,311
Income statement
- Turnover -€1.9m
down €1.9m (-17.6%), from €10.9m to €9.0m
- Goods and materials -€601,078
down €601,078 (-10.9%), from €5.5m to €4.9m
of which Change in stocks: decrease (increase): -€593,689
- Taxes -€349,447
down €349,447 (-67.7%), from €516,406 to €166,959
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.
Result 2024
€1.5m
Turnover
-€1.9m
Other operating income
-€2,870
Goods and materials
+€601,078
Services and other goods
-€79,684
Staff costs
+€21,443
Depreciation
+€73,459
Other operating charges
-€43,785
Other operating items
-€1,164
Financial income
-€21,291
Financial charges
+€7,365
Taxes
+€349,447
Result 2025
€480,694
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.
From operations
+€596,763
Investment
-€57,844
Financing
-€645,311
Cash 2024
€246,856
From operations (derived)
+€596,763
Net result for the year
+€480,694
Depreciation
+€104,682
Stocks and contracts
-€804,173
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€15,455
Trade debts
-€186,726
Tax, wage and social debts
-€38,864
Advances received
+€26,706
Other debts
-€176,400
Accrued charges and deferred income
+€3,503
Investment (derived)
-€57,844
Investment in fixed assets (net)
-€57,844
Financing
-€645,311
Debts after one year
+€2.8m
Current portion of long-term debt
+€366,299
Short-term financial debts
-€692,488
Contributions, distributions and other
-€3.1m
Cash 2025
€140,464
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,692,591 | €6,156,193 | -€536,398 | -8.0% |
| Fixed assets | 21/28 | €311,631 | €264,792 | -€46,838 | -15.0% |
| Tangible fixed assets | 22/27 | €311,193 | €264,355 | -€46,838 | -15.1% |
| Plant, machinery and equipment | 23 | €24,412 | €18,670 | -€5,742 | -23.5% |
| Furniture and vehicles | 24 | €151,720 | €107,300 | -€44,419 | -29.3% |
| Leasing and similar rights | 25 | €125,037 | €83,660 | -€41,377 | -33.1% |
| Other tangible fixed assets | 26 | €10,024 | €8,560 | -€1,465 | -14.6% |
| Assets under construction and advance payments | 27 | - | €46,165 | +€46,165 | |
| Financial fixed assets | 28 | €438 | €438 | = | 0.0% |
| Other financial fixed assets | 284/8 | €438 | €438 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €438 | €438 | = | 0.0% |
| Current assets | 29/58 | €6,380,960 | €5,891,401 | -€489,560 | -7.7% |
| Stocks and contracts in progress | 3 | €2,788,275 | €3,592,448 | +€804,173 | +28.8% |
| Stocks | 30/36 | €2,788,275 | €3,592,448 | +€804,173 | +28.8% |
| Goods purchased for resale | 34 | €2,788,275 | €3,592,448 | +€804,173 | +28.8% |
| Amounts receivable within one year | 40/41 | €3,322,148 | €2,119,352 | -€1.2m | -36.2% |
| Trade receivables | 40 | €1,053,869 | €799,109 | -€254,760 | -24.2% |
| Other amounts receivable | 41 | €2,268,279 | €1,320,243 | -€948,036 | -41.8% |
| Cash at bank and in hand | 54/58 | €246,856 | €140,464 | -€106,392 | -43.1% |
| Deferred charges and accrued income | 490/1 | €23,682 | €39,137 | +€15,455 | +65.3% |
| Total equity and liabilities | 10/49 | €6,692,591 | €6,156,193 | -€536,398 | -8.0% |
| Equity | 10/15 | €3,663,350 | €1,074,043 | -€2.6m | -70.7% |
| Contributions | 10/11 | €126,421 | €126,421 | = | 0.0% |
| Capital | 10 | €126,421 | €126,421 | = | 0.0% |
| Issued capital | 100 | €126,421 | €126,421 | = | 0.0% |
| Reserves | 13 | €50,259 | €50,259 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,642 | €12,642 | = | 0.0% |
| Legal reserve | 130 | €12,642 | €12,642 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €117 | €117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,486,669 | €897,363 | -€2.6m | -74.3% |
| Amounts payable | 17/49 | €3,029,241 | €5,082,150 | +€2.1m | +67.8% |
| Amounts payable after more than one year | 17 | €124,161 | €2,875,038 | +€2.8m | +2215.6% |
| Financial debts | 170/4 | €124,161 | €2,875,038 | +€2.8m | +2215.6% |
| Leasing and similar obligations | 172 | €86,528 | €50,038 | -€36,490 | -42.2% |
| Credit institutions | 173 | €37,633 | €2,825,000 | +€2.8m | +7406.8% |
| Amounts payable within one year | 42/48 | €2,905,081 | €2,203,608 | -€701,472 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €195,951 | €562,251 | +€366,299 | +186.9% |
| Financial debts | 43 | €1,635,003 | €942,515 | -€692,488 | -42.4% |
| Credit institutions | 430/8 | €1,635,003 | €942,515 | -€692,488 | -42.4% |
| Trade debts | 44 | €658,037 | €471,311 | -€186,726 | -28.4% |
| Suppliers | 440/4 | €658,037 | €471,311 | -€186,726 | -28.4% |
| Advances received on contracts in progress | 46 | - | €26,706 | +€26,706 | |
| Taxes, remuneration and social security | 45 | €239,690 | €200,826 | -€38,864 | -16.2% |
| Taxes | 450/3 | €69,337 | €11,135 | -€58,202 | -83.9% |
| Remuneration and social security | 454/9 | €170,353 | €189,691 | +€19,338 | +11.4% |
| Other amounts payable | 47/48 | €176,400 | €0 | -€176,400 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €3,503 | +€3,503 | |
| Operating income | 70/76A | €10,980,607 | €9,048,551 | -€1.9m | -17.6% |
| Turnover | 70 | €10,939,671 | €9,011,650 | -€1.9m | -17.6% |
| Other operating income | 74 | €39,772 | €36,901 | -€2,870 | -7.2% |
| Non-recurring operating income | 76A | €1,164 | €0 | -€1,164 | -100.0% |
| Operating charges | 60/66A | €8,849,099 | €8,276,587 | -€572,512 | -6.5% |
| Goods for resale, raw materials and consumables | 60 | €5,512,908 | €4,911,830 | -€601,078 | -10.9% |
| Purchases | 600/8 | €5,723,393 | €5,716,003 | -€7,390 | -0.1% |
| Change in stocks: decrease (increase) | 609 | -€210,485 | -€804,173 | -€593,689 | -282.1% |
| Services and other goods | 61 | €2,009,466 | €2,089,150 | +€79,684 | +4.0% |
| Remuneration, social security and pensions | 62 | €1,114,652 | €1,093,209 | -€21,443 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,141 | €104,682 | -€73,459 | -41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €33,931 | €77,716 | +€43,785 | +129.0% |
| Operating profit (loss) | 9901 | €2,131,508 | €771,964 | -€1.4m | -63.8% |
| Financial income | 75/76B | €83,823 | €62,532 | -€21,291 | -25.4% |
| Recurring financial income | 75 | €83,823 | €62,532 | -€21,291 | -25.4% |
| Income from current assets | 751 | €13,175 | €8,103 | -€5,071 | -38.5% |
| Other financial income | 752/9 | €70,648 | €54,429 | -€16,219 | -23.0% |
| Financial charges | 65/66B | €194,209 | €186,844 | -€7,365 | -3.8% |
| Recurring financial charges | 65 | €194,209 | €186,844 | -€7,365 | -3.8% |
| Debt charges | 650 | €141,053 | €143,794 | +€2,742 | +1.9% |
| Other financial charges | 652/9 | €53,156 | €43,050 | -€10,106 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €2,021,122 | €647,652 | -€1.4m | -68.0% |
| Income taxes | 67/77 | €516,406 | €166,959 | -€349,447 | -67.7% |
| Taxes | 670/3 | €516,406 | €166,959 | -€349,447 | -67.7% |
| Profit (loss) for the period | 9904 | €1,504,716 | €480,694 | -€1.0m | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,504,716 | €480,694 | -€1.0m | -68.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.