FLEXLEASE: 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.
FLEXLEASE
Largest movements
- Tangible fixed assets +€592,201
up €592,201 (+82.8%), from €715,278 to €1.3m
of which Furniture and vehicles: +€732,233
- Stocks and contracts +€248,335
new in 2025: €248,335
- Receivables within one year +€180,159
up €180,159 (+18.5%), from €975,130 to €1.2m
of which Trade receivables: +€190,060
- Deferred charges and accrued income -€114,566
down €114,566 (-7.9%), from €1.5m to €1.3m
- Intangible fixed assets +€43,812
up €43,812 (+44.1%), from €99,273 to €143,085
- Other debts +€1.7m
up €1.7m (+556.6%), from €311,170 to €2.0m
- Debts after one year -€449,916
down €449,916 (-30.5%), from €1.5m to €1.0m
of which Advances received on contracts in progress: -€302,699
- Reserves -€282,180
down €282,180 (-48.4%), from €582,528 to €300,349
- Tax, wage and social debts -€71,256
down €71,256 (-89.7%), from €79,429 to €8,172
of which Taxes: -€73,324
- Write-downs +€441,427
up €441,427 (+456.1%), from €96,785 to €538,212
- Staff costs +€80,697
up €80,697 (+451.2%), from €17,885 to €98,582
- Taxes -€64,188
down €64,188 (-99.7%), from €64,380 to €192
- Gross operating margin -€57,882
down €57,882 (-5.6%), from €1.0m to €980,212
- Other operating charges +€53,165
up €53,165 (+2246.0%), from €2,367 to €55,532
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,270,003 | €4,205,988 | +€935,984 | +28.6% |
| Fixed assets | 21/28 | €814,551 | €1,450,564 | +€636,013 | +78.1% |
| Intangible fixed assets | 21 | €99,273 | €143,085 | +€43,812 | +44.1% |
| Tangible fixed assets | 22/27 | €715,278 | €1,307,479 | +€592,201 | +82.8% |
| Furniture and vehicles | 24 | €290,218 | €1,022,451 | +€732,233 | +252.3% |
| Leasing and similar rights | 25 | €425,060 | €285,028 | -€140,032 | -32.9% |
| Current assets | 29/58 | €2,455,453 | €2,755,423 | +€299,971 | +12.2% |
| Stocks and contracts in progress | 3 | - | €248,335 | +€248,335 | |
| Stocks | 30/36 | - | €248,335 | +€248,335 | |
| Amounts receivable within one year | 40/41 | €975,130 | €1,155,289 | +€180,159 | +18.5% |
| Trade receivables | 40 | €965,229 | €1,155,289 | +€190,060 | +19.7% |
| Other amounts receivable | 41 | €9,901 | - | -€9,901 | |
| Cash at bank and in hand | 54/58 | €22,626 | €8,670 | -€13,957 | -61.7% |
| Deferred charges and accrued income | 490/1 | €1,457,696 | €1,343,130 | -€114,566 | -7.9% |
| Total equity and liabilities | 10/49 | €3,270,003 | €4,205,988 | +€935,984 | +28.6% |
| Equity | 10/15 | €601,128 | €318,949 | -€282,180 | -46.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €582,528 | €300,349 | -€282,180 | -48.4% |
| Distributable reserves | 133 | €582,528 | €300,349 | -€282,180 | -48.4% |
| Amounts payable | 17/49 | €2,668,875 | €3,887,039 | +€1.2m | +45.6% |
| Amounts payable after more than one year | 17 | €1,476,226 | €1,026,311 | -€449,916 | -30.5% |
| Financial debts | 170/4 | €255,808 | €108,591 | -€147,217 | -57.5% |
| Advances received on contracts in progress | 176 | €1,220,418 | €917,720 | -€302,699 | -24.8% |
| Amounts payable within one year | 42/48 | €1,008,366 | €2,658,507 | +€1.7m | +163.6% |
| Current portion of amounts payable after more than one year | 42 | €114,285 | €92,940 | -€21,346 | -18.7% |
| Trade debts | 44 | €503,482 | €514,311 | +€10,829 | +2.2% |
| Suppliers | 440/4 | €503,482 | €514,311 | +€10,829 | +2.2% |
| Taxes, remuneration and social security | 45 | €79,429 | €8,172 | -€71,256 | -89.7% |
| Taxes | 450/3 | €74,058 | €734 | -€73,324 | -99.0% |
| Remuneration and social security | 454/9 | €5,371 | €7,439 | +€2,067 | +38.5% |
| Other amounts payable | 47/48 | €311,170 | €2,043,084 | +€1.7m | +556.6% |
| Accrued charges and deferred income | 492/3 | €184,283 | €202,221 | +€17,938 | +9.7% |
| Non-recurring operating income | 76A | €529,397 | €315,493 | -€213,904 | -40.4% |
| Remuneration, social security and pensions | 62 | €17,885 | €98,582 | +€80,697 | +451.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,736 | €192,099 | -€4,637 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €96,785 | €538,212 | +€441,427 | +456.1% |
| Other operating charges | 640/8 | €2,367 | €55,532 | +€53,165 | +2246.0% |
| Non-recurring operating charges | 66A | €455,850 | €359,531 | -€96,319 | -21.1% |
| Gross operating margin | 9900 | €1,038,094 | €980,212 | -€57,882 | -5.6% |
| Operating profit (loss) | 9901 | €268,472 | -€263,744 | -€532,216 | |
| Financial income | 75/76B | €13,661 | €1,444 | -€12,217 | -89.4% |
| Recurring financial income | 75 | €7,210 | €1,444 | -€5,766 | -80.0% |
| Non-recurring financial income | 76B | €6,451 | €1,444 | -€5,007 | -77.6% |
| Financial charges | 65/66B | €17,949 | €19,688 | +€1,739 | +9.7% |
| Recurring financial charges | 65 | €17,949 | €19,688 | +€1,739 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €264,185 | -€281,988 | -€546,172 | |
| Income taxes | 67/77 | €64,380 | €192 | -€64,188 | -99.7% |
| Profit (loss) for the period | 9904 | €199,805 | -€282,180 | -€481,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €199,805 | -€282,180 | -€481,984 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.