FLEXINDUS: 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.
FLEXINDUS
Largest movements
- Receivables within one year +€241,074
up €241,074 (+595%), from €40,509 to €281,583
of which Trade receivables: +€221,510
- Tangible fixed assets +€23,359
up €23,359 (+5.3%), from €438,665 to €462,024
of which Furniture and vehicles: +€27,361
- Cash -€17,917
down €17,917 (-28.2%), from €63,564 to €45,647
mainly Receivables within one year (-€241,074) and Investment in fixed assets (net) (-€64,665)
- Deferred charges and accrued income -€8,718
down €8,718 (-49.7%), from €17,537 to €8,819
- Profit (loss) carried forward +€108,778
up €108,778 (+57.7%), from €188,391 to €297,169
- Trade debts +€96,280
up €96,280 (+791%), from €12,171 to €108,451
- Tax, wage and social debts +€20,602
up €20,602 (+462%), from €4,456 to €25,058
of which Taxes: +€16,034
- Other debts +€18,172
up €18,172 (+104%), from €17,551 to €35,724
- Debts after one year -€16,212
down €16,212 (-4.9%), from €332,002 to €315,790
- Gross operating margin +€164,162
up €164,162 (+171%), from €95,759 to €259,922
- Taxes +€41,776
up €41,776 (+1,455%), from €2,871 to €44,648
- Depreciation +€15,127
up €15,127 (+50.5%), from €29,979 to €45,106
- Financial charges -€11,700
down €11,700 (-44.6%), from €26,235 to €14,535
of which Non-recurring financial charges: -€10,496
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 | €634,601 | €868,974 | +€234,373 | +36.9% |
| Fixed assets | 21/28 | €463,760 | €483,319 | +€19,559 | +4.2% |
| Intangible fixed assets | 21 | €24,390 | €20,590 | -€3,800 | -15.6% |
| Tangible fixed assets | 22/27 | €438,665 | €462,024 | +€23,359 | +5.3% |
| Land and buildings | 22 | €364,694 | €347,639 | -€17,055 | -4.7% |
| Plant, machinery and equipment | 23 | €14,611 | €27,664 | +€13,053 | +89.3% |
| Furniture and vehicles | 24 | €59,360 | €86,720 | +€27,361 | +46.1% |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €170,841 | €385,655 | +€214,814 | +126% |
| Stocks and contracts in progress | 3 | €49,231 | €49,606 | +€374 | +0.8% |
| Stocks | 30/36 | €49,231 | €49,606 | +€374 | +0.8% |
| Amounts receivable within one year | 40/41 | €40,509 | €281,583 | +€241,074 | +595% |
| Trade receivables | 40 | €27,667 | €249,177 | +€221,510 | +801% |
| Other amounts receivable | 41 | €12,843 | €32,407 | +€19,564 | +152% |
| Cash at bank and in hand | 54/58 | €63,564 | €45,647 | -€17,917 | -28.2% |
| Deferred charges and accrued income | 490/1 | €17,537 | €8,819 | -€8,718 | -49.7% |
| Total equity and liabilities | 10/49 | €634,601 | €868,974 | +€234,373 | +36.9% |
| Equity | 10/15 | €242,391 | €351,169 | +€108,778 | +44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,000 | €49,000 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €49,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,391 | €297,169 | +€108,778 | +57.7% |
| Amounts payable | 17/49 | €392,210 | €517,805 | +€125,594 | +32.0% |
| Amounts payable after more than one year | 17 | €332,002 | €315,790 | -€16,212 | -4.9% |
| Financial debts | 170/4 | €332,002 | €315,790 | -€16,212 | -4.9% |
| Amounts payable within one year | 42/48 | €59,925 | €200,480 | +€140,555 | +235% |
| Current portion of amounts payable after more than one year | 42 | €25,746 | €31,247 | +€5,502 | +21.4% |
| Trade debts | 44 | €12,171 | €108,451 | +€96,280 | +791% |
| Suppliers | 440/4 | €12,171 | €108,451 | +€96,280 | +791% |
| Taxes, remuneration and social security | 45 | €4,456 | €25,058 | +€20,602 | +462% |
| Taxes | 450/3 | €4,456 | €20,491 | +€16,034 | +360% |
| Remuneration and social security | 454/9 | €0 | €4,567 | +€4,567 | |
| Other amounts payable | 47/48 | €17,551 | €35,724 | +€18,172 | +104% |
| Accrued charges and deferred income | 492/3 | €284 | €1,534 | +€1,250 | +441% |
| Remuneration, social security and pensions | 62 | €1,951 | - | -€1,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,979 | €45,106 | +€15,127 | +50.5% |
| Other operating charges | 640/8 | €4,222 | €5,679 | +€1,458 | +34.5% |
| Gross operating margin | 9900 | €95,759 | €259,922 | +€164,162 | +171% |
| Operating profit (loss) | 9901 | €59,607 | €209,136 | +€149,530 | +251% |
| Financial income | 75/76B | €276 | €1 | -€275 | -99.6% |
| Recurring financial income | 75 | €276 | €1 | -€275 | -99.6% |
| Financial charges | 65/66B | €26,235 | €14,535 | -€11,700 | -44.6% |
| Recurring financial charges | 65 | €15,739 | €14,535 | -€1,204 | -7.6% |
| Non-recurring financial charges | 66B | €10,496 | - | -€10,496 | |
| Profit (loss) for the period before taxes | 9903 | €33,649 | €194,603 | +€160,954 | +478% |
| Income taxes | 67/77 | €2,871 | €44,648 | +€41,776 | +1,455% |
| Profit (loss) for the period | 9904 | €30,777 | €149,955 | +€119,178 | +387% |
| Profit (loss) for the period to be appropriated | 9905 | €30,777 | €149,955 | +€119,178 | +387% |
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 25 October 2026 via checked.be.