FLEXIS: 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.
FLEXIS
Largest movements
- Receivables within one year -€215,544
down €215,544 (-22.7%), from €951,406 to €735,862
of which Other amounts receivable: -€227,355
- Tangible fixed assets -€129,026
down €129,026 (-18.2%), from €709,044 to €580,018
of which Land and buildings: -€67,436
- Cash +€127,529
up €127,529 (+63.8%), from €199,988 to €327,517
mainly Receivables within one year (+€215,544) and Depreciation (+€177,490)
- Stocks and contracts +€57,030
up €57,030 (+4.9%), from €1.2m to €1.2m
of which Stocks: +€49,999
- Reserves -€120,939
down €120,939 (-7.2%), from €1.7m to €1.6m
of which Tax-exempt reserves: -€121,000
- Debts after one year -€66,598
down €66,598 (-13.6%), from €489,186 to €422,588
- Trade debts +€49,895
up €49,895 (+8.0%), from €626,165 to €676,060
- Gross operating margin -€462,683
down €462,683 (-23.4%), from €2.0m to €1.5m
- Other operating charges -€189,770
down €189,770 (-88.7%), from €214,002 to €24,232
- Staff costs -€126,918
down €126,918 (-8.3%), from €1.5m to €1.4m
- Financial charges -€20,280
down €20,280 (-39.9%), from €50,825 to €30,545
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,208,443 | €3,048,758 | -€159,685 | -5.0% |
| Fixed assets | 21/28 | €709,044 | €580,018 | -€129,026 | -18.2% |
| Tangible fixed assets | 22/27 | €709,044 | €580,018 | -€129,026 | -18.2% |
| Land and buildings | 22 | €431,366 | €363,929 | -€67,436 | -15.6% |
| Plant, machinery and equipment | 23 | €277,678 | €216,089 | -€61,589 | -22.2% |
| Current assets | 29/58 | €2,499,399 | €2,468,740 | -€30,659 | -1.2% |
| Amounts receivable after more than one year | 29 | €183,741 | €183,741 | = | 0.0% |
| Other amounts receivable | 291 | €183,741 | €183,741 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,156,405 | €1,213,435 | +€57,030 | +4.9% |
| Stocks | 30/36 | €693,694 | €743,693 | +€49,999 | +7.2% |
| Contracts in progress | 37 | €462,712 | €469,743 | +€7,031 | +1.5% |
| Amounts receivable within one year | 40/41 | €951,406 | €735,862 | -€215,544 | -22.7% |
| Trade receivables | 40 | €670,777 | €682,588 | +€11,811 | +1.8% |
| Other amounts receivable | 41 | €280,629 | €53,274 | -€227,355 | -81.0% |
| Cash at bank and in hand | 54/58 | €199,988 | €327,517 | +€127,529 | +63.8% |
| Deferred charges and accrued income | 490/1 | €7,858 | €8,184 | +€325 | +4.1% |
| Total equity and liabilities | 10/49 | €3,208,443 | €3,048,758 | -€159,685 | -5.0% |
| Equity | 10/15 | €1,883,470 | €1,762,531 | -€120,939 | -6.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,683,470 | €1,562,531 | -€120,939 | -7.2% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,658,965 | €1,537,965 | -€121,000 | -7.3% |
| Distributable reserves | 133 | €4,505 | €4,566 | +€61 | +1.4% |
| Amounts payable | 17/49 | €1,324,973 | €1,286,227 | -€38,746 | -2.9% |
| Amounts payable after more than one year | 17 | €489,186 | €422,588 | -€66,598 | -13.6% |
| Other amounts payable | 178/9 | €489,186 | €422,588 | -€66,598 | -13.6% |
| Amounts payable within one year | 42/48 | €802,289 | €824,158 | +€21,869 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €28,371 | - | -€28,371 | |
| Trade debts | 44 | €626,165 | €676,060 | +€49,895 | +8.0% |
| Suppliers | 440/4 | €626,165 | €676,060 | +€49,895 | +8.0% |
| Taxes, remuneration and social security | 45 | €147,753 | €148,097 | +€344 | +0.2% |
| Taxes | 450/3 | €31,961 | €39,219 | +€7,258 | +22.7% |
| Remuneration and social security | 454/9 | €115,792 | €108,878 | -€6,914 | -6.0% |
| Accrued charges and deferred income | 492/3 | €33,498 | €39,481 | +€5,983 | +17.9% |
| Remuneration, social security and pensions | 62 | €1,526,197 | €1,399,279 | -€126,918 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,790 | €177,490 | -€300 | -0.2% |
| Other operating charges | 640/8 | €214,002 | €24,232 | -€189,770 | -88.7% |
| Gross operating margin | 9900 | €1,977,728 | €1,515,045 | -€462,683 | -23.4% |
| Operating profit (loss) | 9901 | €59,740 | -€85,955 | -€145,694 | |
| Financial income | 75/76B | €4,940 | €3,558 | -€1,382 | -28.0% |
| Recurring financial income | 75 | €4,940 | €3,558 | -€1,382 | -28.0% |
| Financial charges | 65/66B | €50,825 | €30,545 | -€20,280 | -39.9% |
| Recurring financial charges | 65 | €50,825 | €30,545 | -€20,280 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €13,855 | -€112,942 | -€126,797 | |
| Income taxes | 67/77 | €9,935 | €7,997 | -€1,938 | -19.5% |
| Profit (loss) for the period | 9904 | €3,920 | -€120,939 | -€124,859 | |
| Transfer from tax-exempt reserves | 789 | - | €121,000 | +€121,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,920 | €61 | -€3,859 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.