FLEXINOX: 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.
What changed
FLEXINOX
NACE 46.842, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€562,309
2024 · €362,650+€199,659
Equity
€1.7m
2024 · €2.1m-€440,806
Cash
€1.3m
2024 · €301,823+€955,853
Balance sheet total
€3.5m
2024 · €3.3m+€206,286
Largest movements
Assets
- Cash +€955,853
up €955,853 (+316.7%), from €301,823 to €1.3m
mainly Stocks and contracts (+€683,433) and Other debts (+€608,920)
- Stocks and contracts -€683,433
down €683,433 (-32.2%), from €2.1m to €1.4m
Equity and liabilities
- Other debts +€608,920
up €608,920 (+151.7%), from €401,277 to €1.0m
- Reserves -€440,806
down €440,806 (-21.6%), from €2.0m to €1.6m
of which Distributable reserves: -€440,806
- Trade debts +€201,668
up €201,668 (+49.1%), from €410,361 to €612,029
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
Income statement
- Gross operating margin +€168,922
up €168,922 (+10.8%), from €1.6m to €1.7m
- Staff costs -€59,588
down €59,588 (-5.8%), from €1.0m to €970,189
- Taxes +€39,284
up €39,284 (+31.1%), from €126,428 to €165,712
- Write-downs +€21,674
up €21,674, from -€10,217 to €11,457
- Financial charges -€17,358
down €17,358 (-44.6%), from €38,913 to €21,555
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.
Result 2024
€362,650
Gross operating margin
+€168,922
Staff costs
+€59,588
Depreciation
+€11,765
Write-downs
-€21,674
Other operating charges
+€2,287
Financial income
+€698
Financial charges
+€17,358
Taxes
-€39,284
Result 2025
€562,309
Cash bridge derived
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.
From operations
+€2.1m
Investment
-€1,015
Financing
-€1.2m
Cash 2024
€301,823
From operations (derived)
+€2.1m
Net result for the year
+€562,309
Depreciation
+€22,477
Stocks and contracts
+€683,433
Receivables within one year
+€17,287
Deferred charges and accrued income
+€27,385
Trade debts
+€201,668
Tax, wage and social debts
+€10,661
Other debts
+€608,920
Accrued charges and deferred income
-€343
Investment (derived)
-€1,015
Investment in fixed assets (net)
-€1,015
Financing
-€1.2m
Debts after one year
-€10,207
Current portion of long-term debt
-€13,607
Short-term financial debts
-€150,000
Contributions, distributions and other
-€1.0m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,286,063 | €3,492,349 | +€206,286 | +6.3% |
| Fixed assets | 21/28 | €86,367 | €64,905 | -€21,462 | -24.8% |
| Tangible fixed assets | 22/27 | €51,867 | €30,405 | -€21,462 | -41.4% |
| Plant, machinery and equipment | 23 | €3,145 | €3,354 | +€209 | +6.6% |
| Furniture and vehicles | 24 | €44,250 | €24,408 | -€19,842 | -44.8% |
| Other tangible fixed assets | 26 | €4,472 | €2,643 | -€1,829 | -40.9% |
| Financial fixed assets | 28 | €34,500 | €34,500 | = | 0.0% |
| Current assets | 29/58 | €3,199,696 | €3,427,444 | +€227,748 | +7.1% |
| Stocks and contracts in progress | 3 | €2,120,730 | €1,437,297 | -€683,433 | -32.2% |
| Stocks | 30/36 | €2,120,730 | €1,437,297 | -€683,433 | -32.2% |
| Amounts receivable within one year | 40/41 | €724,026 | €706,740 | -€17,287 | -2.4% |
| Trade receivables | 40 | €722,185 | €706,738 | -€15,447 | -2.1% |
| Other amounts receivable | 41 | €1,842 | €2 | -€1,840 | -99.9% |
| Cash at bank and in hand | 54/58 | €301,823 | €1,257,676 | +€955,853 | +316.7% |
| Deferred charges and accrued income | 490/1 | €53,117 | €25,732 | -€27,385 | -51.6% |
| Total equity and liabilities | 10/49 | €3,286,063 | €3,492,349 | +€206,286 | +6.3% |
| Equity | 10/15 | €2,100,836 | €1,660,030 | -€440,806 | -21.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,038,836 | €1,598,030 | -€440,806 | -21.6% |
| Non-distributable reserves | 130/1 | €6,570 | €6,570 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €370 | +€370 | |
| Other | 1319 | €370 | €0 | -€370 | -100.0% |
| Distributable reserves | 133 | €2,032,266 | €1,591,460 | -€440,806 | -21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,185,227 | €1,832,319 | +€647,092 | +54.6% |
| Amounts payable after more than one year | 17 | €10,207 | €0 | -€10,207 | -100.0% |
| Financial debts | 170/4 | €10,207 | €0 | -€10,207 | -100.0% |
| Amounts payable within one year | 42/48 | €1,174,299 | €1,831,942 | +€657,643 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €23,815 | €10,207 | -€13,607 | -57.1% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €410,361 | €612,029 | +€201,668 | +49.1% |
| Suppliers | 440/4 | €410,361 | €612,029 | +€201,668 | +49.1% |
| Taxes, remuneration and social security | 45 | €188,847 | €199,508 | +€10,661 | +5.6% |
| Taxes | 450/3 | €69,004 | €90,864 | +€21,861 | +31.7% |
| Remuneration and social security | 454/9 | €119,843 | €108,644 | -€11,199 | -9.3% |
| Other amounts payable | 47/48 | €401,277 | €1,010,197 | +€608,920 | +151.7% |
| Accrued charges and deferred income | 492/3 | €720 | €377 | -€343 | -47.6% |
| Non-recurring operating income | 76A | €7,851 | €5,785 | -€2,066 | -26.3% |
| Remuneration, social security and pensions | 62 | €1,029,777 | €970,189 | -€59,588 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,242 | €22,477 | -€11,765 | -34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,217 | €11,457 | +€21,674 | |
| Other operating charges | 640/8 | €8,408 | €6,121 | -€2,287 | -27.2% |
| Gross operating margin | 9900 | €1,563,334 | €1,732,256 | +€168,922 | +10.8% |
| Operating profit (loss) | 9901 | €501,124 | €722,012 | +€220,888 | +44.1% |
| Financial income | 75/76B | €26,866 | €27,564 | +€698 | +2.6% |
| Recurring financial income | 75 | €26,866 | €27,564 | +€698 | +2.6% |
| Financial charges | 65/66B | €38,913 | €21,555 | -€17,358 | -44.6% |
| Recurring financial charges | 65 | €38,913 | €21,555 | -€17,358 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €489,077 | €728,021 | +€238,943 | +48.9% |
| Income taxes | 67/77 | €126,428 | €165,712 | +€39,284 | +31.1% |
| Profit (loss) for the period | 9904 | €362,650 | €562,309 | +€199,659 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €362,650 | €562,309 | +€199,659 | +55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.