Flexi Coatings: 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.
Flexi Coatings
Largest movements
- Tangible fixed assets -€155,415
down €155,415 (-7.8%), from €2.0m to €1.8m
of which Leasing and similar rights: -€114,400
- Receivables within one year +€29,356
up €29,356 (+41.7%), from €70,382 to €99,738
of which Trade receivables: +€29,458
- Debts after one year -€225,376
down €225,376 (-15.2%), from €1.5m to €1.3m
- Trade debts +€30,244
up €30,244 (+78.2%), from €38,685 to €68,930
- Reserves +€29,351
up €29,351 (+13.8%), from €212,516 to €241,867
- Tax, wage and social debts +€23,614
up €23,614 (+45.3%), from €52,182 to €75,796
of which Taxes: +€26,950
- Gross operating margin +€166,870
up €166,870 (+30.8%), from €541,386 to €708,256
- Staff costs +€152,101
up €152,101 (+64.7%), from €235,153 to €387,254
- Depreciation +€14,695
up €14,695 (+6.6%), from €222,557 to €237,253
- Financial income +€10,132
up €10,132 (+36,108%), from €28 to €10,160
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 | €2,228,218 | €2,073,435 | -€154,783 | -6.9% |
| Formation expenses | 20 | €9,713 | €4,854 | -€4,859 | -50.0% |
| Fixed assets | 21/28 | €2,041,625 | €1,877,746 | -€163,878 | -8.0% |
| Intangible fixed assets | 21 | €27,533 | €19,070 | -€8,463 | -30.7% |
| Tangible fixed assets | 22/27 | €2,004,700 | €1,849,285 | -€155,415 | -7.8% |
| Land and buildings | 22 | €1,065,468 | €1,064,902 | -€566 | -0.1% |
| Plant, machinery and equipment | 23 | €162,557 | €125,888 | -€36,669 | -22.6% |
| Furniture and vehicles | 24 | €22,371 | €25,738 | +€3,367 | +15.1% |
| Leasing and similar rights | 25 | €628,988 | €514,588 | -€114,400 | -18.2% |
| Other tangible fixed assets | 26 | €125,317 | €118,170 | -€7,147 | -5.7% |
| Financial fixed assets | 28 | €9,392 | €9,392 | = | 0.0% |
| Current assets | 29/58 | €176,881 | €190,835 | +€13,954 | +7.9% |
| Stocks and contracts in progress | 3 | €65,531 | €70,038 | +€4,507 | +6.9% |
| Stocks | 30/36 | €65,531 | €70,038 | +€4,507 | +6.9% |
| Amounts receivable within one year | 40/41 | €70,382 | €99,738 | +€29,356 | +41.7% |
| Trade receivables | 40 | €70,280 | €99,738 | +€29,458 | +41.9% |
| Other amounts receivable | 41 | €102 | €0 | -€102 | -100% |
| Cash at bank and in hand | 54/58 | €32,087 | €19,919 | -€12,167 | -37.9% |
| Deferred charges and accrued income | 490/1 | €8,881 | €1,140 | -€7,741 | -87.2% |
| Total equity and liabilities | 10/49 | €2,228,218 | €2,073,435 | -€154,783 | -6.9% |
| Equity | 10/15 | €242,516 | €271,867 | +€29,351 | +12.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €212,516 | €241,867 | +€29,351 | +13.8% |
| Distributable reserves | 133 | €212,516 | €241,867 | +€29,351 | +13.8% |
| Amounts payable | 17/49 | €1,985,702 | €1,801,567 | -€184,135 | -9.3% |
| Amounts payable after more than one year | 17 | €1,486,571 | €1,261,195 | -€225,376 | -15.2% |
| Financial debts | 170/4 | €1,486,571 | €1,261,195 | -€225,376 | -15.2% |
| Amounts payable within one year | 42/48 | €493,131 | €540,372 | +€47,242 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €264,113 | €273,918 | +€9,805 | +3.7% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €38,685 | €68,930 | +€30,244 | +78.2% |
| Suppliers | 440/4 | €38,685 | €68,930 | +€30,244 | +78.2% |
| Taxes, remuneration and social security | 45 | €52,182 | €75,796 | +€23,614 | +45.3% |
| Taxes | 450/3 | €18,554 | €45,504 | +€26,950 | +145% |
| Remuneration and social security | 454/9 | €33,628 | €30,292 | -€3,336 | -9.9% |
| Other amounts payable | 47/48 | €63,151 | €46,729 | -€16,422 | -26.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €0 | -€6,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €235,153 | €387,254 | +€152,101 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,557 | €237,253 | +€14,695 | +6.6% |
| Other operating charges | 640/8 | €7,928 | €4,659 | -€3,269 | -41.2% |
| Gross operating margin | 9900 | €541,386 | €708,256 | +€166,870 | +30.8% |
| Operating profit (loss) | 9901 | €75,747 | €79,090 | +€3,343 | +4.4% |
| Financial income | 75/76B | €28 | €10,160 | +€10,132 | +36,108% |
| Recurring financial income | 75 | €28 | €10,160 | +€10,132 | +36,108% |
| Financial charges | 65/66B | €58,737 | €58,824 | +€87 | +0.1% |
| Recurring financial charges | 65 | €58,737 | €58,824 | +€87 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €17,038 | €30,426 | +€13,388 | +78.6% |
| Income taxes | 67/77 | €440 | €1,075 | +€634 | +144% |
| Profit (loss) for the period | 9904 | €16,598 | €29,351 | +€12,754 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,598 | €29,351 | +€12,754 | +76.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.