FLEXLINK SYSTEMS: 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.
FLEXLINK SYSTEMS
Largest movements
- Cash +€314,291
up €314,291 (+206%), from €152,630 to €466,921
mainly Contributions, distributions and other (+€500,000) and Advances received (+€352,120)
- Receivables within one year +€281,185
up €281,185 (+121%), from €232,349 to €513,534
of which Trade receivables: +€281,754
- Stocks and contracts +€186,245
up €186,245 (+571%), from €32,598 to €218,843
- Contributions +€500,000
up €500,000 (+806%), from €62,000 to €562,000
- Advances received +€352,120
up €352,120 (+193%), from €182,243 to €534,364
- Profit (loss) carried forward -€105,039
down €105,039 (-48.1%), from -€218,206 to -€323,246
- Trade debts +€43,650
up €43,650 (+16.5%), from €264,057 to €307,707
- Provisions -€28,076
down €28,076 (-98.5%), from €28,513 to €436
- Turnover -€2.3m
no longer reported in 2025 (was €2.3m)
- Purchases and services -€1.8m
no longer reported in 2025 (was €1.8m)
- Staff costs -€82,808
down €82,808 (-12.5%), from €662,480 to €579,672
- Provisions -€56,589
down €56,589, from €28,513 to -€28,076
- Write-downs +€46,000
up €46,000, from -€46,000 to €0
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 | €440,591 | €1,218,321 | +€777,730 | +177% |
| Fixed assets | 21/28 | €13,333 | €7,197 | -€6,135 | -46.0% |
| Tangible fixed assets | 22/27 | €13,333 | €7,197 | -€6,135 | -46.0% |
| Furniture and vehicles | 24 | €9,259 | €4,796 | -€4,463 | -48.2% |
| Other tangible fixed assets | 26 | €4,073 | €2,401 | -€1,672 | -41.1% |
| Current assets | 29/58 | €427,258 | €1,211,123 | +€783,865 | +183% |
| Stocks and contracts in progress | 3 | €32,598 | €218,843 | +€186,245 | +571% |
| Contracts in progress | 37 | €32,598 | €218,843 | +€186,245 | +571% |
| Amounts receivable within one year | 40/41 | €232,349 | €513,534 | +€281,185 | +121% |
| Trade receivables | 40 | €231,360 | €513,114 | +€281,754 | +122% |
| Other amounts receivable | 41 | €990 | €421 | -€569 | -57.5% |
| Cash at bank and in hand | 54/58 | €152,630 | €466,921 | +€314,291 | +206% |
| Deferred charges and accrued income | 490/1 | €9,681 | €11,825 | +€2,144 | +22.1% |
| Total equity and liabilities | 10/49 | €440,591 | €1,218,321 | +€777,730 | +177% |
| Equity | 10/15 | -€150,006 | €244,954 | +€394,961 | |
| Contributions | 10/11 | €62,000 | €562,000 | +€500,000 | +806% |
| Capital | 10 | €62,000 | €562,000 | +€500,000 | +806% |
| Issued capital | 100 | €62,000 | €562,000 | +€500,000 | +806% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,206 | -€323,246 | -€105,039 | -48.1% |
| Provisions and deferred taxes | 16 | €28,513 | €436 | -€28,076 | -98.5% |
| Provisions for liabilities and charges | 160/5 | €28,513 | €436 | -€28,076 | -98.5% |
| Other liabilities and charges | 164/5 | €28,513 | €436 | -€28,076 | -98.5% |
| Amounts payable | 17/49 | €562,084 | €972,930 | +€410,846 | +73.1% |
| Amounts payable within one year | 42/48 | €562,084 | €972,930 | +€410,846 | +73.1% |
| Trade debts | 44 | €264,057 | €307,707 | +€43,650 | +16.5% |
| Suppliers | 440/4 | €264,057 | €307,707 | +€43,650 | +16.5% |
| Advances received on contracts in progress | 46 | €182,243 | €534,364 | +€352,120 | +193% |
| Taxes, remuneration and social security | 45 | €115,784 | €130,859 | +€15,076 | +13.0% |
| Taxes | 450/3 | €7,384 | €40,141 | +€32,757 | +444% |
| Remuneration and social security | 454/9 | €108,399 | €90,718 | -€17,681 | -16.3% |
| Turnover | 70 | €2,300,708 | - | -€2.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,765,283 | - | -€1.8m | |
| Remuneration, social security and pensions | 62 | €662,480 | €579,672 | -€82,808 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €6,135 | -€334 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€46,000 | €0 | +€46,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,513 | -€28,076 | -€56,589 | |
| Other operating charges | 640/8 | €5,585 | €998 | -€4,587 | -82.1% |
| Gross operating margin | 9900 | €441,852 | €452,710 | +€10,858 | +2.5% |
| Operating profit (loss) | 9901 | -€215,194 | -€106,020 | +€109,174 | +50.7% |
| Financial income | 75/76B | €15,521 | €2,832 | -€12,689 | -81.8% |
| Recurring financial income | 75 | €15,521 | €2,832 | -€12,689 | -81.8% |
| Financial charges | 65/66B | €1,997 | €1,593 | -€404 | -20.2% |
| Recurring financial charges | 65 | €1,997 | €1,593 | -€404 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€201,671 | -€104,782 | +€96,889 | +48.0% |
| Income taxes | 67/77 | €487 | €258 | -€229 | -47.0% |
| Profit (loss) for the period | 9904 | -€202,158 | -€105,039 | +€97,118 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,158 | -€105,039 | +€97,118 | +48.0% |
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.