FLEXIBLE SOLUTIONS: what changed
Two fiscal 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 SOLUTIONS
Largest movements
- Cash -€33,090
down €33,090 (-66.0%), from €50,117 to €17,028
mainly Contributions, distributions and other (-€61,649) and Investment in fixed assets (net) (-€36,114)
- Receivables within one year +€25,672
up €25,672 (+350.9%), from €7,316 to €32,988
of which Other amounts receivable: +€25,103
- Tangible fixed assets +€14,469
up €14,469 (+26.4%), from €54,851 to €69,320
of which Land and buildings: +€23,033
- Tax, wage and social debts -€20,223
down €20,223 (-38.6%), from €52,347 to €32,124
- Current portion of long-term debt +€12,853
up €12,853 (+92.5%), from €13,896 to €26,749
- Short-term financial debts +€11,518
new in 2024: €11,518
- Trade debts +€9,505
up €9,505 (+199.7%), from €4,760 to €14,266
- Debts after one year -€6,602
down €6,602 (-100.0%), from €6,602 to €0
- Gross operating margin -€21,087
down €21,087 (-13.2%), from €159,842 to €138,755
- Taxes +€11,260
up €11,260 (+38.7%), from €29,130 to €40,391
- Other operating charges +€3,048
up €3,048 (+40.2%), from €7,576 to €10,624
- Depreciation +€2,136
up €2,136 (+10.9%), from €19,509 to €21,645
- Financial charges +€1,758
up €1,758 (+65.4%), from €2,688 to €4,446
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,885 | €119,936 | +€7,051 | +6.2% |
| Fixed assets | 21/28 | €55,451 | €69,920 | +€14,469 | +26.1% |
| Tangible fixed assets | 22/27 | €54,851 | €69,320 | +€14,469 | +26.4% |
| Land and buildings | 22 | - | €23,033 | +€23,033 | |
| Plant, machinery and equipment | 23 | €9,179 | €7,044 | -€2,136 | -23.3% |
| Furniture and vehicles | 24 | €39,800 | €34,009 | -€5,791 | -14.6% |
| Other tangible fixed assets | 26 | €5,872 | €5,235 | -€637 | -10.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €57,434 | €50,016 | -€7,418 | -12.9% |
| Amounts receivable within one year | 40/41 | €7,316 | €32,988 | +€25,672 | +350.9% |
| Trade receivables | 40 | - | €568 | +€568 | |
| Other amounts receivable | 41 | €7,316 | €32,419 | +€25,103 | +343.1% |
| Cash at bank and in hand | 54/58 | €50,117 | €17,028 | -€33,090 | -66.0% |
| Total equity and liabilities | 10/49 | €112,885 | €119,936 | +€7,051 | +6.2% |
| Equity | 10/15 | €35,280 | €35,280 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,680 | €16,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,680 | €16,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,605 | €84,656 | +€7,051 | +9.1% |
| Amounts payable after more than one year | 17 | €6,602 | €0 | -€6,602 | -100.0% |
| Financial debts | 170/4 | €6,602 | €0 | -€6,602 | -100.0% |
| Amounts payable within one year | 42/48 | €71,003 | €84,656 | +€13,653 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €13,896 | €26,749 | +€12,853 | +92.5% |
| Financial debts | 43 | - | €11,518 | +€11,518 | |
| Credit institutions | 430/8 | - | €11,518 | +€11,518 | |
| Trade debts | 44 | €4,760 | €14,266 | +€9,505 | +199.7% |
| Suppliers | 440/4 | €4,760 | €14,266 | +€9,505 | +199.7% |
| Taxes, remuneration and social security | 45 | €52,347 | €32,124 | -€20,223 | -38.6% |
| Taxes | 450/3 | €52,347 | €32,124 | -€20,223 | -38.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €390 | €0 | -€390 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,509 | €21,645 | +€2,136 | +10.9% |
| Other operating charges | 640/8 | €7,576 | €10,624 | +€3,048 | +40.2% |
| Gross operating margin | 9900 | €159,842 | €138,755 | -€21,087 | -13.2% |
| Operating profit (loss) | 9901 | €132,757 | €106,486 | -€26,272 | -19.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,688 | €4,446 | +€1,758 | +65.4% |
| Recurring financial charges | 65 | €2,688 | €4,446 | +€1,758 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €130,070 | €102,040 | -€28,030 | -21.5% |
| Income taxes | 67/77 | €29,130 | €40,391 | +€11,260 | +38.7% |
| Profit (loss) for the period | 9904 | €100,940 | €61,649 | -€39,291 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,940 | €61,649 | -€39,291 | -38.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.