Flexi-Cup: 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-Cup
Largest movements
- Tangible fixed assets -€137,654
down €137,654 (-50.8%), from €270,883 to €133,229
of which Plant, machinery and equipment: -€137,335
- Receivables within one year +€75,004
up €75,004 (+31.8%), from €236,113 to €311,117
of which Trade receivables: +€67,955
- Cash -€55,541
down €55,541 (-86.7%), from €64,084 to €8,543
mainly Net result for the year (-€422,265) and Receivables within one year (-€75,004)
- Stocks and contracts -€7,147
down €7,147 (-8.5%), from €84,424 to €77,277
- Profit (loss) carried forward -€422,265
down €422,265 (-44.1%), from -€958,353 to -€1.4m
- Other debts +€345,705
up €345,705 (+40.0%), from €865,100 to €1.2m
- Trade debts -€48,362
down €48,362 (-46.2%), from €104,741 to €56,379
- Gross operating margin -€27,997
down €27,997 (-37.1%), from -€75,472 to -€103,470
- Financial charges -€7,035
down €7,035 (-19.1%), from €36,886 to €29,851
- Staff costs +€5,757
up €5,757 (+4.3%), from €133,278 to €139,035
- Other operating charges -€3,179
down €3,179 (-75.6%), from €4,207 to €1,028
- Depreciation -€2,049
down €2,049 (-1.5%), from €139,702 to €137,654
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 | €655,504 | €530,165 | -€125,338 | -19.1% |
| Fixed assets | 21/28 | €270,883 | €133,229 | -€137,654 | -50.8% |
| Tangible fixed assets | 22/27 | €270,883 | €133,229 | -€137,654 | -50.8% |
| Plant, machinery and equipment | 23 | €270,565 | €133,229 | -€137,335 | -50.8% |
| Other tangible fixed assets | 26 | €318 | €0 | -€318 | -100% |
| Current assets | 29/58 | €384,621 | €396,936 | +€12,315 | +3.2% |
| Stocks and contracts in progress | 3 | €84,424 | €77,277 | -€7,147 | -8.5% |
| Stocks | 30/36 | €84,424 | €77,277 | -€7,147 | -8.5% |
| Amounts receivable within one year | 40/41 | €236,113 | €311,117 | +€75,004 | +31.8% |
| Trade receivables | 40 | €17,547 | €85,502 | +€67,955 | +387% |
| Other amounts receivable | 41 | €218,566 | €225,615 | +€7,049 | +3.2% |
| Cash at bank and in hand | 54/58 | €64,084 | €8,543 | -€55,541 | -86.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €655,504 | €530,165 | -€125,338 | -19.1% |
| Equity | 10/15 | -€508,972 | -€931,238 | -€422,265 | -83.0% |
| Contributions | 10/11 | €139,983 | €139,983 | = | 0.0% |
| Reserves | 13 | €309,397 | €309,397 | = | 0.0% |
| Distributable reserves | 133 | €309,397 | €309,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€958,353 | -€1,380,618 | -€422,265 | -44.1% |
| Amounts payable | 17/49 | €1,164,476 | €1,461,403 | +€296,927 | +25.5% |
| Amounts payable within one year | 42/48 | €1,160,852 | €1,459,041 | +€298,189 | +25.7% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €104,741 | €56,379 | -€48,362 | -46.2% |
| Suppliers | 440/4 | €104,741 | €56,379 | -€48,362 | -46.2% |
| Taxes, remuneration and social security | 45 | €16,011 | €16,857 | +€846 | +5.3% |
| Taxes | 450/3 | €238 | €604 | +€366 | +154% |
| Remuneration and social security | 454/9 | €15,773 | €16,253 | +€481 | +3.0% |
| Other amounts payable | 47/48 | €865,100 | €1,210,805 | +€345,705 | +40.0% |
| Accrued charges and deferred income | 492/3 | €3,624 | €2,362 | -€1,262 | -34.8% |
| Non-recurring operating income | 76A | €47,000 | €0 | -€47,000 | -100% |
| Remuneration, social security and pensions | 62 | €133,278 | €139,035 | +€5,757 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,702 | €137,654 | -€2,049 | -1.5% |
| Other operating charges | 640/8 | €4,207 | €1,028 | -€3,179 | -75.6% |
| Non-recurring operating charges | 66A | - | €12,540 | +€12,540 | |
| Gross operating margin | 9900 | -€75,472 | -€103,470 | -€27,997 | -37.1% |
| Operating profit (loss) | 9901 | -€352,660 | -€393,725 | -€41,066 | -11.6% |
| Financial income | 75/76B | €2,422 | €1,915 | -€507 | -20.9% |
| Recurring financial income | 75 | €2,422 | €1,915 | -€507 | -20.9% |
| Financial charges | 65/66B | €36,886 | €29,851 | -€7,035 | -19.1% |
| Recurring financial charges | 65 | €36,886 | €29,851 | -€7,035 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€387,124 | -€421,661 | -€34,538 | -8.9% |
| Income taxes | 67/77 | €238 | €604 | +€366 | +154% |
| Profit (loss) for the period | 9904 | -€387,362 | -€422,265 | -€34,904 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€387,362 | -€422,265 | -€34,904 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.