FLEXIBLE BUILDING SOLUTIONS: 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.
What changed
FLEXIBLE BUILDING SOLUTIONS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€201,881
2024 · €3.5m-€3.7m
Equity
€4.6m
2024 · €4.8m-€201,881
Cash
€0
2024 · €27,078-€27,078
Balance sheet total
€8.2m
2024 · €8.0m+€262,828
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-62.2%), from €2.7m to €1.0m
of which Other amounts receivable: -€1.7m
- Tangible fixed assets +€1.6m
up €1.6m (+114%), from €1.4m to €2.9m
of which Plant, machinery and equipment: +€1.3m
- Stocks and contracts +€391,000
new in 2025: €391,000
- Financial fixed assets +€282,880
up €282,880 (+19.0%), from €1.5m to €1.8m
- Receivables after one year -€251,975
down €251,975 (-10.5%), from €2.4m to €2.1m
Equity and liabilities
- Debts after one year +€259,076
up €259,076 (+10.7%), from €2.4m to €2.7m
- Profit (loss) carried forward -€201,881
down €201,881 (-4.3%), from €4.7m to €4.5m
- Trade debts +€133,161
up €133,161 (+20.2%), from €659,192 to €792,352
Income statement
- Financial income -€2.7m
down €2.7m (-89.1%), from €3.0m to €325,601
- Gross operating margin -€837,950
down €837,950, from €732,663 to -€105,288
- Staff costs +€194,677
new in 2025: €194,677
- Financial charges -€61,853
down €61,853 (-50.0%), from €123,658 to €61,804
- Depreciation +€51,133
up €51,133 (+82.6%), from €61,913 to €113,046
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
€3.5m
Gross operating margin
-€837,950
Staff costs
-€194,677
Depreciation
-€51,133
Other operating charges
-€22,552
Other operating items
-€7,150
Financial income
-€2.7m
Financial charges
+€61,853
Taxes
+€11,068
Result 2025
-€201,881
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€1.9m
Financing
+€269,300
Cash 2024
€27,078
From operations (derived)
+€1.7m
Net result for the year
-€201,881
Depreciation
+€113,046
Receivables after one year
+€251,975
Stocks and contracts
-€391,000
Receivables within one year
+€1.7m
Smaller working-capital items
+€1,590
Trade debts
+€133,161
Tax, wage and social debts
+€60,988
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€269,300
Debts after one year
+€259,076
Current portion of long-term debt
+€10,044
Short-term financial debts
+€181
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,978,643 | €8,241,470 | +€262,828 | +3.3% |
| Fixed assets | 21/28 | €2,849,390 | €4,684,820 | +€1.8m | +64.4% |
| Tangible fixed assets | 22/27 | €1,360,290 | €2,912,839 | +€1.6m | +114% |
| Land and buildings | 22 | €1,073,249 | €1,050,158 | -€23,091 | -2.2% |
| Plant, machinery and equipment | 23 | €186,748 | €1,523,837 | +€1.3m | +716% |
| Furniture and vehicles | 24 | €6,449 | €263,373 | +€256,923 | +3,984% |
| Other tangible fixed assets | 26 | €93,843 | €75,471 | -€18,372 | -19.6% |
| Financial fixed assets | 28 | €1,489,100 | €1,771,980 | +€282,880 | +19.0% |
| Current assets | 29/58 | €5,129,253 | €3,556,651 | -€1.6m | -30.7% |
| Amounts receivable after more than one year | 29 | €2,392,953 | €2,140,978 | -€251,975 | -10.5% |
| Other amounts receivable | 291 | €2,392,953 | €2,140,978 | -€251,975 | -10.5% |
| Stocks and contracts in progress | 3 | - | €391,000 | +€391,000 | |
| Stocks | 30/36 | - | €391,000 | +€391,000 | |
| Amounts receivable within one year | 40/41 | €2,707,073 | €1,022,854 | -€1.7m | -62.2% |
| Trade receivables | 40 | €209,310 | €211,233 | +€1,923 | +0.9% |
| Other amounts receivable | 41 | €2,497,763 | €811,621 | -€1.7m | -67.5% |
| Cash at bank and in hand | 54/58 | €27,078 | €0 | -€27,078 | -100% |
| Deferred charges and accrued income | 490/1 | €2,149 | €1,819 | -€330 | -15.4% |
| Total equity and liabilities | 10/49 | €7,978,643 | €8,241,470 | +€262,828 | +3.3% |
| Equity | 10/15 | €4,757,222 | €4,555,341 | -€201,881 | -4.2% |
| Contributions | 10/11 | €86,500 | €86,500 | = | 0.0% |
| Capital | 10 | €86,500 | €86,500 | = | 0.0% |
| Issued capital | 100 | €86,500 | €86,500 | = | 0.0% |
| Reserves | 13 | €10,650 | €10,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,650 | €8,650 | = | 0.0% |
| Legal reserve | 130 | €8,650 | €8,650 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,660,072 | €4,458,191 | -€201,881 | -4.3% |
| Amounts payable | 17/49 | €3,221,421 | €3,686,130 | +€464,709 | +14.4% |
| Amounts payable after more than one year | 17 | €2,431,871 | €2,690,947 | +€259,076 | +10.7% |
| Financial debts | 170/4 | €2,431,871 | €2,690,947 | +€259,076 | +10.7% |
| Amounts payable within one year | 42/48 | €789,550 | €993,923 | +€204,374 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €103,932 | €113,975 | +€10,044 | +9.7% |
| Financial debts | 43 | - | €181 | +€181 | |
| Credit institutions | 430/8 | - | €181 | +€181 | |
| Trade debts | 44 | €659,192 | €792,352 | +€133,161 | +20.2% |
| Suppliers | 440/4 | €659,192 | €792,352 | +€133,161 | +20.2% |
| Taxes, remuneration and social security | 45 | €26,426 | €87,414 | +€60,988 | +231% |
| Taxes | 450/3 | €26,426 | €38,410 | +€11,984 | +45.3% |
| Remuneration and social security | 454/9 | - | €49,005 | +€49,005 | |
| Accrued charges and deferred income | 492/3 | - | €1,260 | +€1,260 | |
| Non-recurring operating income | 76A | €1,316,206 | €0 | -€1.3m | -100% |
| Remuneration, social security and pensions | 62 | - | €194,677 | +€194,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,913 | €113,046 | +€51,133 | +82.6% |
| Other operating charges | 640/8 | €10,047 | €32,599 | +€22,552 | +224% |
| Non-recurring operating charges | 66A | €12,350 | €19,500 | +€7,150 | +57.9% |
| Gross operating margin | 9900 | €732,663 | -€105,288 | -€837,950 | |
| Operating profit (loss) | 9901 | €648,353 | -€465,110 | -€1.1m | |
| Financial income | 75/76B | €2,989,574 | €325,601 | -€2.7m | -89.1% |
| Recurring financial income | 75 | €2,989,574 | €325,601 | -€2.7m | -89.1% |
| Financial charges | 65/66B | €123,658 | €61,804 | -€61,853 | -50.0% |
| Recurring financial charges | 65 | €123,658 | €61,804 | -€61,853 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €3,514,269 | -€201,313 | -€3.7m | |
| Income taxes | 67/77 | €11,637 | €568 | -€11,068 | -95.1% |
| Profit (loss) for the period | 9904 | €3,502,632 | -€201,881 | -€3.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,502,632 | -€201,881 | -€3.7m |
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 15 October 2026 via checked.be.