FLEXI-BEL: 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.
FLEXI-BEL
Largest movements
- Cash +€34
up €34 (+51.4%), from €66 to €99
mainly Other debts (+€13,342) and Trade debts (+€487)
- Deferred charges and accrued income +€6
up €6 (+4.3%), from €135 to €141
- Other debts +€13,342
up €13,342 (+7.7%), from €173,705 to €187,047
- Current portion of long-term debt -€12,734
no longer reported in 2025 (was €12,734)
- Profit (loss) carried forward -€1,055
down €1,055 (-0.4%), from -€297,075 to -€298,130
- Trade debts +€487
new in 2025: €487
- Other operating charges -€15,082
down €15,082 (-95.1%), from €15,852 to €770
- Gross operating margin +€1,120
up €1,120, from -€1,024 to €96
- Financial charges -€604
down €604 (-61.3%), from €985 to €381
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 | €201 | €241 | +€40 | +19.7% |
| Current assets | 29/58 | €201 | €241 | +€40 | +19.7% |
| Cash at bank and in hand | 54/58 | €66 | €99 | +€34 | +51.4% |
| Deferred charges and accrued income | 490/1 | €135 | €141 | +€6 | +4.3% |
| Total equity and liabilities | 10/49 | €201 | €241 | +€40 | +19.7% |
| Equity | 10/15 | -€186,238 | -€187,294 | -€1,055 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,637 | €104,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €102,777 | €102,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297,075 | -€298,130 | -€1,055 | -0.4% |
| Amounts payable | 17/49 | €186,439 | €187,534 | +€1,095 | +0.6% |
| Amounts payable within one year | 42/48 | €186,439 | €187,534 | +€1,095 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,734 | - | -€12,734 | |
| Trade debts | 44 | - | €487 | +€487 | |
| Suppliers | 440/4 | - | €487 | +€487 | |
| Other amounts payable | 47/48 | €173,705 | €187,047 | +€13,342 | +7.7% |
| Other operating charges | 640/8 | €15,852 | €770 | -€15,082 | -95.1% |
| Gross operating margin | 9900 | -€1,024 | €96 | +€1,120 | |
| Operating profit (loss) | 9901 | -€16,876 | -€674 | +€16,202 | +96.0% |
| Financial charges | 65/66B | €985 | €381 | -€604 | -61.3% |
| Recurring financial charges | 65 | €985 | €381 | -€604 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,862 | -€1,055 | +€16,806 | +94.1% |
| Profit (loss) for the period | 9904 | -€17,862 | -€1,055 | +€16,806 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,862 | -€1,055 | +€16,806 | +94.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.