FLEXINA: 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.
FLEXINA
Largest movements
- Cash +€95,953
up €95,953 (+29.6%), from €323,990 to €419,943
mainly Net result for the year (+€105,782) and Depreciation (+€29,550)
- Receivables within one year -€21,763
down €21,763 (-22.4%), from €97,088 to €75,326
of which Other amounts receivable: -€21,407
- Intangible fixed assets -€20,065
down €20,065 (-49.5%), from €40,539 to €20,474
- Other debts +€26,600
up €26,600 (+46.7%), from €57,000 to €83,600
- Reserves +€16,000
up €16,000 (+4.3%), from €375,032 to €391,032
of which Distributable reserves: +€16,000
- Tax, wage and social debts +€11,543
up €11,543 (+40.4%), from €28,557 to €40,100
of which Taxes: +€13,937
- Debts after one year -€8,795
down €8,795 (-8.7%), from €101,144 to €92,349
- Turnover -€377,148
no longer reported in 2024 (was €377,148)
- Gross operating margin +€31,224
up €31,224 (+14.1%), from €221,169 to €252,393
- Staff costs -€20,639
down €20,639 (-25.8%), from €79,908 to €59,269
- Taxes +€19,627
up €19,627 (+78.0%), from €25,178 to €44,805
- Depreciation -€6,109
down €6,109 (-17.1%), from €35,659 to €29,550
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 | €652,122 | €700,032 | +€47,910 | +7.3% |
| Fixed assets | 21/28 | €209,561 | €189,943 | -€19,618 | -9.4% |
| Intangible fixed assets | 21 | €40,539 | €20,474 | -€20,065 | -49.5% |
| Tangible fixed assets | 22/27 | €168,902 | €169,349 | +€447 | +0.3% |
| Land and buildings | 22 | €163,356 | €158,934 | -€4,421 | -2.7% |
| Plant, machinery and equipment | 23 | €4,217 | €7,579 | +€3,361 | +79.7% |
| Furniture and vehicles | 24 | €1,329 | €2,836 | +€1,507 | +113.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €442,561 | €510,089 | +€67,528 | +15.3% |
| Amounts receivable within one year | 40/41 | €97,088 | €75,326 | -€21,763 | -22.4% |
| Trade receivables | 40 | €32,759 | €32,403 | -€355 | -1.1% |
| Other amounts receivable | 41 | €64,330 | €42,922 | -€21,407 | -33.3% |
| Cash at bank and in hand | 54/58 | €323,990 | €419,943 | +€95,953 | +29.6% |
| Deferred charges and accrued income | 490/1 | €21,483 | €14,821 | -€6,662 | -31.0% |
| Total equity and liabilities | 10/49 | €652,122 | €700,032 | +€47,910 | +7.3% |
| Equity | 10/15 | €423,307 | €441,089 | +€17,782 | +4.2% |
| Contributions | 10/11 | €30,318 | €30,318 | = | 0.0% |
| Reserves | 13 | €375,032 | €391,032 | +€16,000 | +4.3% |
| Non-distributable reserves | 130/1 | €3,032 | €3,032 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,032 | €3,032 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €361,000 | €377,000 | +€16,000 | +4.4% |
| Profit (loss) carried forward | 14 | €17,957 | €19,739 | +€1,782 | +9.9% |
| Amounts payable | 17/49 | €228,815 | €258,943 | +€30,128 | +13.2% |
| Amounts payable after more than one year | 17 | €101,144 | €92,349 | -€8,795 | -8.7% |
| Financial debts | 170/4 | €101,144 | €92,349 | -€8,795 | -8.7% |
| Amounts payable within one year | 42/48 | €127,671 | €166,594 | +€38,924 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €8,795 | €8,795 | = | 0.0% |
| Trade debts | 44 | €33,319 | €34,099 | +€780 | +2.3% |
| Suppliers | 440/4 | €33,319 | €34,099 | +€780 | +2.3% |
| Taxes, remuneration and social security | 45 | €28,557 | €40,100 | +€11,543 | +40.4% |
| Taxes | 450/3 | €19,024 | €32,961 | +€13,937 | +73.3% |
| Remuneration and social security | 454/9 | €9,533 | €7,140 | -€2,394 | -25.1% |
| Other amounts payable | 47/48 | €57,000 | €83,600 | +€26,600 | +46.7% |
| Turnover | 70 | €377,148 | - | -€377,148 | |
| Goods, raw materials, services and sundry goods | 60/61 | €170,323 | €171,487 | +€1,164 | +0.7% |
| Remuneration, social security and pensions | 62 | €79,908 | €59,269 | -€20,639 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,659 | €29,550 | -€6,109 | -17.1% |
| Other operating charges | 640/8 | €10,581 | €5,946 | -€4,635 | -43.8% |
| Non-recurring operating charges | 66A | €15,660 | - | -€15,660 | |
| Gross operating margin | 9900 | €221,169 | €252,393 | +€31,224 | +14.1% |
| Operating profit (loss) | 9901 | €79,361 | €157,628 | +€78,267 | +98.6% |
| Financial income | 75/76B | €1,202 | €2,535 | +€1,333 | +110.9% |
| Recurring financial income | 75 | €1,202 | €2,535 | +€1,333 | +110.9% |
| Financial charges | 65/66B | €9,456 | €9,576 | +€120 | +1.3% |
| Recurring financial charges | 65 | €9,456 | €9,576 | +€120 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €71,107 | €150,587 | +€79,479 | +111.8% |
| Income taxes | 67/77 | €25,178 | €44,805 | +€19,627 | +78.0% |
| Profit (loss) for the period | 9904 | €45,929 | €105,782 | +€59,853 | +130.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,929 | €105,782 | +€59,853 | +130.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.