Flexible ICT 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.
Flexible ICT Solutions
Largest movements
- Tangible fixed assets +€571,937
up €571,937 (+1,152%), from €49,663 to €621,600
of which Assets under construction and advance payments: +€585,783
- Cash -€218,369
down €218,369 (-64.3%), from €339,835 to €121,466
mainly Investment in fixed assets (net) (-€611,706) and Receivables within one year (-€89,302)
- Receivables within one year +€89,302
up €89,302 (+346%), from €25,792 to €115,094
of which Other amounts receivable: +€89,295
- Current investments -€22,489
down €22,489 (-21.3%), from €105,798 to €83,309
- Debts after one year +€389,089
new in 2025: €389,089
- Reserves +€19,922
up €19,922 (+5.2%), from €381,555 to €401,476
of which Distributable reserves: +€19,922
- Accrued charges and deferred income +€16,343
up €16,343 (+322%), from €5,079 to €21,422
- Depreciation +€25,863
up €25,863 (+186%), from €13,907 to €39,770
- Financial charges +€14,382
up €14,382 (+134%), from €10,722 to €25,103
- Taxes -€13,197
down €13,197 (-58.8%), from €22,451 to €9,254
- Financial income -€6,059
down €6,059 (-52.6%), from €11,516 to €5,457
- Gross operating margin -€5,234
down €5,234 (-5.5%), from €94,354 to €89,120
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 | €523,134 | €941,469 | +€418,334 | +80.0% |
| Fixed assets | 21/28 | €49,663 | €621,600 | +€571,937 | +1,152% |
| Tangible fixed assets | 22/27 | €49,663 | €621,600 | +€571,937 | +1,152% |
| Land and buildings | 22 | €14,739 | €9,782 | -€4,957 | -33.6% |
| Furniture and vehicles | 24 | €34,924 | €26,035 | -€8,889 | -25.5% |
| Assets under construction and advance payments | 27 | - | €585,783 | +€585,783 | |
| Current assets | 29/58 | €473,471 | €319,869 | -€153,602 | -32.4% |
| Amounts receivable within one year | 40/41 | €25,792 | €115,094 | +€89,302 | +346% |
| Trade receivables | 40 | €17,102 | €17,109 | +€7 | 0.0% |
| Other amounts receivable | 41 | €8,690 | €97,985 | +€89,295 | +1,028% |
| Current investments | 50/53 | €105,798 | €83,309 | -€22,489 | -21.3% |
| Cash at bank and in hand | 54/58 | €339,835 | €121,466 | -€218,369 | -64.3% |
| Deferred charges and accrued income | 490/1 | €2,046 | - | -€2,046 | |
| Total equity and liabilities | 10/49 | €523,134 | €941,469 | +€418,334 | +80.0% |
| Equity | 10/15 | €394,155 | €414,076 | +€19,922 | +5.1% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €381,555 | €401,476 | +€19,922 | +5.2% |
| Tax-exempt reserves | 132 | €1,602 | €1,602 | = | 0.0% |
| Distributable reserves | 133 | €379,952 | €399,874 | +€19,922 | +5.2% |
| Amounts payable | 17/49 | €128,980 | €527,392 | +€398,413 | +309% |
| Amounts payable after more than one year | 17 | - | €389,089 | +€389,089 | |
| Financial debts | 170/4 | - | €389,089 | +€389,089 | |
| Amounts payable within one year | 42/48 | €123,901 | €116,882 | -€7,019 | -5.7% |
| Trade debts | 44 | €484 | €735 | +€251 | +51.8% |
| Suppliers | 440/4 | €484 | €735 | +€251 | +51.8% |
| Taxes, remuneration and social security | 45 | €12,273 | €12,180 | -€93 | -0.8% |
| Taxes | 450/3 | €12,273 | €12,180 | -€93 | -0.8% |
| Other amounts payable | 47/48 | €111,144 | €103,967 | -€7,177 | -6.5% |
| Accrued charges and deferred income | 492/3 | €5,079 | €21,422 | +€16,343 | +322% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,907 | €39,770 | +€25,863 | +186% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €94,354 | €89,120 | -€5,234 | -5.5% |
| Operating profit (loss) | 9901 | €79,934 | €48,822 | -€31,112 | -38.9% |
| Financial income | 75/76B | €11,516 | €5,457 | -€6,059 | -52.6% |
| Recurring financial income | 75 | €11,516 | €5,457 | -€6,059 | -52.6% |
| Financial charges | 65/66B | €10,722 | €25,103 | +€14,382 | +134% |
| Recurring financial charges | 65 | €10,722 | €25,103 | +€14,382 | +134% |
| Profit (loss) for the period before taxes | 9903 | €80,729 | €29,176 | -€51,553 | -63.9% |
| Income taxes | 67/77 | €22,451 | €9,254 | -€13,197 | -58.8% |
| Profit (loss) for the period | 9904 | €58,277 | €19,922 | -€38,356 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,277 | €19,922 | -€38,356 | -65.8% |
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 19 October 2026 via checked.be.