FLEXLINE: 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.
FLEXLINE
Largest movements
- Receivables within one year +€312,514
up €312,514 (+283.9%), from €110,066 to €422,580
of which Other amounts receivable: +€262,401
- Stocks and contracts +€230,819
up €230,819 (+49.2%), from €468,863 to €699,682
- Tangible fixed assets +€225,362
up €225,362 (+65.3%), from €345,014 to €570,376
- Cash -€223,145
down €223,145 (-59.1%), from €377,766 to €154,621
mainly Investment in fixed assets (net) (-€313,965) and Receivables within one year (-€312,514)
- Trade debts +€292,325
up €292,325 (+92.0%), from €317,851 to €610,176
- Tax, wage and social debts +€138,619
up €138,619 (+370.5%), from €37,410 to €176,029
of which Taxes: +€91,748
- Other debts -€102,959
down €102,959 (-38.8%), from €265,678 to €162,719
- Accrued charges and deferred income +€98,690
new in 2025: €98,690
- Debts after one year +€90,566
up €90,566, from €0 to €90,566
- Gross operating margin +€512,060
up €512,060 (+78.9%), from €649,055 to €1.2m
- Staff costs +€386,798
up €386,798 (+138.5%), from €279,373 to €666,171
- Taxes +€158,890
up €158,890, from -€63,186 to €95,704
- Depreciation +€33,949
up €33,949 (+47.2%), from €71,865 to €105,814
- Other operating charges +€27,942
up €27,942 (+276.6%), from €10,100 to €38,042
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 | €1,329,536 | €1,868,740 | +€539,204 | +40.6% |
| Fixed assets | 21/28 | €372,841 | €580,991 | +€208,150 | +55.8% |
| Intangible fixed assets | 21 | €13,277 | €10,465 | -€2,812 | -21.2% |
| Tangible fixed assets | 22/27 | €345,014 | €570,376 | +€225,362 | +65.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €203,898 | €274,237 | +€70,339 | +34.5% |
| Furniture and vehicles | 24 | €95,239 | €120,861 | +€25,622 | +26.9% |
| Leasing and similar rights | 25 | - | €110,338 | +€110,338 | |
| Other tangible fixed assets | 26 | €45,877 | €64,940 | +€19,064 | +41.6% |
| Financial fixed assets | 28 | €14,550 | €150 | -€14,400 | -99.0% |
| Current assets | 29/58 | €956,695 | €1,287,749 | +€331,054 | +34.6% |
| Stocks and contracts in progress | 3 | €468,863 | €699,682 | +€230,819 | +49.2% |
| Stocks | 30/36 | €468,863 | €699,682 | +€230,819 | +49.2% |
| Amounts receivable within one year | 40/41 | €110,066 | €422,580 | +€312,514 | +283.9% |
| Trade receivables | 40 | €85,745 | €135,858 | +€50,113 | +58.4% |
| Other amounts receivable | 41 | €24,321 | €286,722 | +€262,401 | +1078.9% |
| Cash at bank and in hand | 54/58 | €377,766 | €154,621 | -€223,145 | -59.1% |
| Deferred charges and accrued income | 490/1 | €0 | €10,866 | +€10,866 | |
| Total equity and liabilities | 10/49 | €1,329,536 | €1,868,740 | +€539,204 | +40.6% |
| Equity | 10/15 | €708,597 | €710,996 | +€2,399 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €689,997 | €692,396 | +€2,399 | +0.3% |
| Distributable reserves | 133 | €689,997 | €692,396 | +€2,399 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €620,939 | €1,157,743 | +€536,805 | +86.5% |
| Amounts payable after more than one year | 17 | €0 | €90,566 | +€90,566 | |
| Financial debts | 170/4 | €0 | €90,566 | +€90,566 | |
| Amounts payable within one year | 42/48 | €620,939 | €968,488 | +€347,549 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €19,564 | +€19,564 | |
| Trade debts | 44 | €317,851 | €610,176 | +€292,325 | +92.0% |
| Suppliers | 440/4 | €317,851 | €610,176 | +€292,325 | +92.0% |
| Taxes, remuneration and social security | 45 | €37,410 | €176,029 | +€138,619 | +370.5% |
| Taxes | 450/3 | €4,339 | €96,087 | +€91,748 | +2114.5% |
| Remuneration and social security | 454/9 | €33,071 | €79,941 | +€46,870 | +141.7% |
| Other amounts payable | 47/48 | €265,678 | €162,719 | -€102,959 | -38.8% |
| Accrued charges and deferred income | 492/3 | - | €98,690 | +€98,690 | |
| Non-recurring operating income | 76A | €5,948 | €0 | -€5,948 | -100.0% |
| Remuneration, social security and pensions | 62 | €279,373 | €666,171 | +€386,798 | +138.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,865 | €105,814 | +€33,949 | +47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,100 | €38,042 | +€27,942 | +276.6% |
| Non-recurring operating charges | 66A | €0 | €113 | +€113 | |
| Gross operating margin | 9900 | €649,055 | €1,161,116 | +€512,060 | +78.9% |
| Operating profit (loss) | 9901 | €287,717 | €350,975 | +€63,259 | +22.0% |
| Financial income | 75/76B | €2,535 | €3,198 | +€663 | +26.2% |
| Recurring financial income | 75 | €2,535 | €3,198 | +€663 | +26.2% |
| Financial charges | 65/66B | €1,859 | €6,071 | +€4,212 | +226.6% |
| Recurring financial charges | 65 | €1,859 | €6,071 | +€4,212 | +226.6% |
| Profit (loss) for the period before taxes | 9903 | €288,393 | €348,103 | +€59,710 | +20.7% |
| Income taxes | 67/77 | -€63,186 | €95,704 | +€158,890 | |
| Profit (loss) for the period | 9904 | €351,579 | €252,399 | -€99,180 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €351,579 | €252,399 | -€99,180 | -28.2% |
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 5 October 2026 via checked.be.