FLEXIFIN: 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.
FLEXIFIN
Largest movements
- Receivables within one year +€5,081
up €5,081 (+7.1%), from €71,462 to €76,543
- Cash +€3,500
up €3,500 (+99.1%), from €3,531 to €7,031
mainly Trade debts (+€30,000) and Net result for the year (+€827)
- Trade debts +€30,000
new in 2024: €30,000
- Current portion of long-term debt -€18,877
no longer reported in 2024 (was €18,877)
- Tax, wage and social debts -€3,371
down €3,371 (-78.4%), from €4,300 to €929
- Gross operating margin -€30,276
down €30,276 (-95.6%), from €31,670 to €1,394
- Depreciation -€12,993
no longer reported in 2024 (was €12,993)
- Taxes -€4,300
no longer reported in 2024 (was €4,300)
- Financial charges -€834
down €834 (-59.5%), from €1,400 to €566
- Other operating charges -€348
no longer reported in 2024 (was €348)
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 | €74,994 | €83,574 | +€8,580 | +11.4% |
| Current assets | 29/58 | €74,994 | €83,574 | +€8,580 | +11.4% |
| Amounts receivable within one year | 40/41 | €71,462 | €76,543 | +€5,081 | +7.1% |
| Other amounts receivable | 41 | €71,462 | €76,543 | +€5,081 | +7.1% |
| Cash at bank and in hand | 54/58 | €3,531 | €7,031 | +€3,500 | +99.1% |
| Total equity and liabilities | 10/49 | €74,994 | €83,574 | +€8,580 | +11.4% |
| Equity | 10/15 | €49,817 | €50,644 | +€827 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,217 | €32,044 | +€827 | +2.6% |
| Amounts payable | 17/49 | €25,177 | €32,929 | +€7,753 | +30.8% |
| Amounts payable after more than one year | 17 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,177 | €30,929 | +€7,753 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €18,877 | - | -€18,877 | |
| Trade debts | 44 | - | €30,000 | +€30,000 | |
| Suppliers | 440/4 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €4,300 | €929 | -€3,371 | -78.4% |
| Taxes | 450/3 | €4,300 | €929 | -€3,371 | -78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,993 | - | -€12,993 | |
| Other operating charges | 640/8 | €348 | - | -€348 | |
| Gross operating margin | 9900 | €31,670 | €1,394 | -€30,276 | -95.6% |
| Operating profit (loss) | 9901 | €18,330 | €1,394 | -€16,936 | -92.4% |
| Financial charges | 65/66B | €1,400 | €566 | -€834 | -59.5% |
| Recurring financial charges | 65 | €1,400 | €566 | -€834 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €16,930 | €827 | -€16,102 | -95.1% |
| Income taxes | 67/77 | €4,300 | - | -€4,300 | |
| Profit (loss) for the period | 9904 | €12,630 | €827 | -€11,802 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,630 | €827 | -€11,802 | -93.5% |
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 3 October 2026 via checked.be.