FLEXMET: 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.
FLEXMET
Largest movements
- Tangible fixed assets -€18,829
down €18,829 (-23.4%), from €80,621 to €61,791
of which Plant, machinery and equipment: -€17,615
- Cash -€14,035
down €14,035 (-76.0%), from €18,472 to €4,437
mainly Net result for the year (-€34,610) and Tax, wage and social debts (-€11,629)
- Profit (loss) carried forward -€34,610
down €34,610 (-428.6%), from -€8,074 to -€42,685
- Other debts +€13,651
up €13,651 (+7.4%), from €185,114 to €198,765
- Tax, wage and social debts -€11,629
down €11,629 (-60.9%), from €19,095 to €7,466
of which Taxes: -€11,629
- Gross operating margin -€45,432
down €45,432 (-95.4%), from €47,619 to €2,187
- Staff costs -€6,385
down €6,385 (-66.7%), from €9,576 to €3,191
- Taxes -€4,567
down €4,567, from €4,105 to -€462
- Financial charges +€3,589
up €3,589 (+36.4%), from €9,853 to €13,442
- Depreciation +€1,676
up €1,676 (+9.8%), from €17,153 to €18,829
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,639 | €344,360 | -€30,279 | -8.1% |
| Fixed assets | 21/28 | €80,621 | €61,791 | -€18,829 | -23.4% |
| Tangible fixed assets | 22/27 | €80,621 | €61,791 | -€18,829 | -23.4% |
| Plant, machinery and equipment | 23 | €74,954 | €57,340 | -€17,615 | -23.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,666 | €4,452 | -€1,215 | -21.4% |
| Current assets | 29/58 | €294,019 | €282,569 | -€11,449 | -3.9% |
| Stocks and contracts in progress | 3 | €265,148 | €263,811 | -€1,337 | -0.5% |
| Stocks | 30/36 | €265,148 | €263,811 | -€1,337 | -0.5% |
| Amounts receivable within one year | 40/41 | €10,398 | €12,919 | +€2,520 | +24.2% |
| Trade receivables | 40 | €9,118 | €12,076 | +€2,958 | +32.4% |
| Other amounts receivable | 41 | €1,281 | €843 | -€438 | -34.2% |
| Cash at bank and in hand | 54/58 | €18,472 | €4,437 | -€14,035 | -76.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,403 | +€1,403 | |
| Total equity and liabilities | 10/49 | €374,639 | €344,360 | -€30,279 | -8.1% |
| Equity | 10/15 | €146,373 | €111,763 | -€34,610 | -23.6% |
| Contributions | 10/11 | €152,800 | €152,800 | = | 0.0% |
| Reserves | 13 | €1,647 | €1,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,647 | €1,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,074 | -€42,685 | -€34,610 | -428.6% |
| Amounts payable | 17/49 | €228,266 | €232,598 | +€4,331 | +1.9% |
| Amounts payable within one year | 42/48 | €219,557 | €220,343 | +€786 | +0.4% |
| Trade debts | 44 | €15,347 | €14,112 | -€1,235 | -8.0% |
| Suppliers | 440/4 | €15,347 | €14,112 | -€1,235 | -8.0% |
| Taxes, remuneration and social security | 45 | €19,095 | €7,466 | -€11,629 | -60.9% |
| Taxes | 450/3 | €19,095 | €7,466 | -€11,629 | -60.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €185,114 | €198,765 | +€13,651 | +7.4% |
| Accrued charges and deferred income | 492/3 | €8,710 | €12,255 | +€3,545 | +40.7% |
| Remuneration, social security and pensions | 62 | €9,576 | €3,191 | -€6,385 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,153 | €18,829 | +€1,676 | +9.8% |
| Other operating charges | 640/8 | €2,869 | €2,067 | -€802 | -27.9% |
| Gross operating margin | 9900 | €47,619 | €2,187 | -€45,432 | -95.4% |
| Operating profit (loss) | 9901 | €18,020 | -€21,901 | -€39,921 | |
| Financial income | 75/76B | €5 | €270 | +€265 | +5246.7% |
| Recurring financial income | 75 | €5 | €270 | +€265 | +5246.7% |
| Financial charges | 65/66B | €9,853 | €13,442 | +€3,589 | +36.4% |
| Recurring financial charges | 65 | €9,853 | €13,442 | +€3,589 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €8,173 | -€35,073 | -€43,245 | |
| Income taxes | 67/77 | €4,105 | -€462 | -€4,567 | |
| Profit (loss) for the period | 9904 | €4,068 | -€34,610 | -€38,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,068 | -€34,610 | -€38,678 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.