Flexible Energy Solutions: what changed
What changed
Flexible Energy Solutions
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€171,376
2023 · €99,072+€72,304
Equity
€1.3m
2023 · €1.1m+€171,376
Cash
€4,184
2023 · €95,640-€91,456
Balance sheet total
€1.9m
2023 · €1.6m+€339,561
Largest movements
Assets
- Receivables within one year +€419,074
up €419,074 (+103%), from €407,138 to €826,212
of which Other amounts receivable: +€321,923
- Cash -€91,456
down €91,456 (-95.6%), from €95,640 to €4,184
mainly Receivables within one year (-€419,074) and Investment in fixed assets (net) (-€24,462)
Equity and liabilities
- Reserves +€171,376
up €171,376 (+16.0%), from €1.1m to €1.2m
of which Distributable reserves: +€171,376
- Tax, wage and social debts +€56,707
up €56,707 (+149%), from €38,010 to €94,717
- Other debts +€47,562
up €47,562 (+90.0%), from €52,852 to €100,414
- Short-term financial debts +€45,666
up €45,666, from €0 to €45,666
Income statement
- Gross operating margin +€141,802
up €141,802 (+126%), from €112,541 to €254,342
- Provisions +€36,622
no longer reported in 2024 (was -€36,622)
- Taxes +€26,281
up €26,281 (+69.1%), from €38,028 to €64,309
- Other operating charges -€16,622
down €16,622 (-69.0%), from €24,079 to €7,456
- Financial charges +€11,075
up €11,075 (+218%), from €5,070 to €16,146
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€99,072
Gross operating margin
+€141,802
Depreciation
-€3,445
Provisions
-€36,622
Other operating charges
+€16,622
Financial income
-€8,696
Financial charges
-€11,075
Taxes
-€26,281
Result 2024
€171,376
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€112,660
Investment
-€24,462
Financing
+€45,666
Cash 2023
€95,640
From operations (derived)
-€112,660
Net result for the year
+€171,376
Depreciation
+€3,695
Receivables within one year
-€419,074
Deferred charges and accrued income
+€8,825
Trade debts
+€18,249
Tax, wage and social debts
+€56,707
Other debts
+€47,562
Investment (derived)
-€24,462
Investment in fixed assets (net)
-€24,462
Financing
+€45,666
Short-term financial debts
+€45,666
Cash 2024
€4,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,593,220 | €1,932,781 | +€339,561 | +21.3% |
| Fixed assets | 21/28 | €1,065,380 | €1,086,148 | +€20,768 | +1.9% |
| Intangible fixed assets | 21 | - | €13,890 | +€13,890 | |
| Tangible fixed assets | 22/27 | €2,663 | €9,540 | +€6,878 | +258% |
| Plant, machinery and equipment | 23 | €2,663 | €9,540 | +€6,878 | +258% |
| Financial fixed assets | 28 | €1,062,717 | €1,062,717 | = | 0.0% |
| Current assets | 29/58 | €527,840 | €846,633 | +€318,793 | +60.4% |
| Stocks and contracts in progress | 3 | €7,599 | €7,599 | = | 0.0% |
| Stocks | 30/36 | €7,599 | €7,599 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €407,138 | €826,212 | +€419,074 | +103% |
| Trade receivables | 40 | €86,824 | €183,975 | +€97,151 | +112% |
| Other amounts receivable | 41 | €320,315 | €642,237 | +€321,923 | +101% |
| Cash at bank and in hand | 54/58 | €95,640 | €4,184 | -€91,456 | -95.6% |
| Deferred charges and accrued income | 490/1 | €17,463 | €8,638 | -€8,825 | -50.5% |
| Total equity and liabilities | 10/49 | €1,593,220 | €1,932,781 | +€339,561 | +21.3% |
| Equity | 10/15 | €1,092,782 | €1,264,158 | +€171,376 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,074,182 | €1,245,558 | +€171,376 | +16.0% |
| 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 | €1,072,322 | €1,243,698 | +€171,376 | +16.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €500,438 | €668,623 | +€168,185 | +33.6% |
| Amounts payable after more than one year | 17 | €122,000 | €122,000 | = | 0.0% |
| Financial debts | 170/4 | €122,000 | €122,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €378,438 | €546,623 | +€168,185 | +44.4% |
| Financial debts | 43 | €0 | €45,666 | +€45,666 | |
| Credit institutions | 430/8 | €0 | €45,666 | +€45,666 | |
| Trade debts | 44 | €287,577 | €305,826 | +€18,249 | +6.3% |
| Suppliers | 440/4 | €287,577 | €305,826 | +€18,249 | +6.3% |
| Taxes, remuneration and social security | 45 | €38,010 | €94,717 | +€56,707 | +149% |
| Taxes | 450/3 | €38,010 | €94,717 | +€56,707 | +149% |
| Other amounts payable | 47/48 | €52,852 | €100,414 | +€47,562 | +90.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,141 | - | -€2,141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €3,695 | +€3,445 | +1,383% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€36,622 | - | +€36,622 | |
| Other operating charges | 640/8 | €24,079 | €7,456 | -€16,622 | -69.0% |
| Gross operating margin | 9900 | €112,541 | €254,342 | +€141,802 | +126% |
| Operating profit (loss) | 9901 | €124,835 | €243,192 | +€118,357 | +94.8% |
| Financial income | 75/76B | €17,335 | €8,639 | -€8,696 | -50.2% |
| Recurring financial income | 75 | €17,335 | €8,639 | -€8,696 | -50.2% |
| Financial charges | 65/66B | €5,070 | €16,146 | +€11,075 | +218% |
| Recurring financial charges | 65 | €5,070 | €16,146 | +€11,075 | +218% |
| Profit (loss) for the period before taxes | 9903 | €137,100 | €235,685 | +€98,585 | +71.9% |
| Income taxes | 67/77 | €38,028 | €64,309 | +€26,281 | +69.1% |
| Profit (loss) for the period | 9904 | €99,072 | €171,376 | +€72,304 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,072 | €171,376 | +€72,304 | +73.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.