FLEXORIUS: 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.
FLEXORIUS
Largest movements
- Receivables within one year -€100,941
down €100,941 (-36.1%), from €279,712 to €178,771
of which Trade receivables: -€88,004
- Cash -€53,210
down €53,210 (-32.7%), from €162,586 to €109,376
mainly Trade debts (-€75,166) and Debts after one year (-€48,783)
- Intangible fixed assets +€31,242
up €31,242 (+251.1%), from €12,440 to €43,682
- Tangible fixed assets -€27,805
down €27,805 (-37.7%), from €73,768 to €45,963
of which Furniture and vehicles: -€15,597
- Trade debts -€75,166
down €75,166 (-64.9%), from €115,900 to €40,734
- Debts after one year -€48,783
down €48,783 (-36.1%), from €135,197 to €86,414
- Tax, wage and social debts -€20,737
down €20,737 (-13.3%), from €155,702 to €134,966
of which Remuneration and social security: -€30,909
- Staff costs -€252,755
down €252,755 (-25.1%), from €1.0m to €752,743
- Gross operating margin -€220,919
down €220,919 (-20.6%), from €1.1m to €849,598
- Taxes +€26,563
up €26,563 (+255.2%), from €10,410 to €36,972
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 | €925,706 | €771,973 | -€153,733 | -16.6% |
| Fixed assets | 21/28 | €199,008 | €202,445 | +€3,437 | +1.7% |
| Intangible fixed assets | 21 | €12,440 | €43,682 | +€31,242 | +251.1% |
| Tangible fixed assets | 22/27 | €73,768 | €45,963 | -€27,805 | -37.7% |
| Plant, machinery and equipment | 23 | €6,503 | €6,204 | -€299 | -4.6% |
| Furniture and vehicles | 24 | €37,757 | €22,160 | -€15,597 | -41.3% |
| Other tangible fixed assets | 26 | €29,509 | €17,599 | -€11,910 | -40.4% |
| Financial fixed assets | 28 | €112,800 | €112,800 | = | 0.0% |
| Current assets | 29/58 | €726,698 | €569,528 | -€157,170 | -21.6% |
| Amounts receivable within one year | 40/41 | €279,712 | €178,771 | -€100,941 | -36.1% |
| Trade receivables | 40 | €257,727 | €169,723 | -€88,004 | -34.1% |
| Other amounts receivable | 41 | €21,985 | €9,049 | -€12,937 | -58.8% |
| Current investments | 50/53 | €263,750 | €263,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €162,586 | €109,376 | -€53,210 | -32.7% |
| Deferred charges and accrued income | 490/1 | €20,650 | €17,631 | -€3,019 | -14.6% |
| Total equity and liabilities | 10/49 | €925,706 | €771,973 | -€153,733 | -16.6% |
| Equity | 10/15 | €393,041 | €397,412 | +€4,371 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €374,441 | €378,812 | +€4,371 | +1.2% |
| Non-distributable reserves | 130/1 | €265,610 | €265,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €263,750 | €263,750 | = | 0.0% |
| Distributable reserves | 133 | €108,831 | €113,202 | +€4,371 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €532,665 | €374,562 | -€158,104 | -29.7% |
| Amounts payable after more than one year | 17 | €135,197 | €86,414 | -€48,783 | -36.1% |
| Financial debts | 170/4 | €135,197 | €86,414 | -€48,783 | -36.1% |
| Amounts payable within one year | 42/48 | €397,132 | €288,147 | -€108,984 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €56,502 | €53,173 | -€3,329 | -5.9% |
| Trade debts | 44 | €115,900 | €40,734 | -€75,166 | -64.9% |
| Suppliers | 440/4 | €115,900 | €40,734 | -€75,166 | -64.9% |
| Advances received on contracts in progress | 46 | €4,362 | €0 | -€4,362 | -100.0% |
| Taxes, remuneration and social security | 45 | €155,702 | €134,966 | -€20,737 | -13.3% |
| Taxes | 450/3 | €28,551 | €38,724 | +€10,173 | +35.6% |
| Remuneration and social security | 454/9 | €127,152 | €96,242 | -€30,909 | -24.3% |
| Other amounts payable | 47/48 | €64,665 | €59,274 | -€5,391 | -8.3% |
| Accrued charges and deferred income | 492/3 | €336 | €0 | -€336 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,005,498 | €752,743 | -€252,755 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,106 | €35,761 | +€656 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,536 | +€5,536 | |
| Other operating charges | 640/8 | €855 | €1,115 | +€259 | +30.3% |
| Gross operating margin | 9900 | €1,070,517 | €849,598 | -€220,919 | -20.6% |
| Operating profit (loss) | 9901 | €29,058 | €54,443 | +€25,386 | +87.4% |
| Financial income | 75/76B | €4 | €21 | +€18 | +502.0% |
| Recurring financial income | 75 | €4 | €21 | +€18 | +502.0% |
| Financial charges | 65/66B | €13,405 | €13,121 | -€284 | -2.1% |
| Recurring financial charges | 65 | €13,405 | €13,121 | -€284 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €15,656 | €41,344 | +€25,687 | +164.1% |
| Income taxes | 67/77 | €10,410 | €36,972 | +€26,563 | +255.2% |
| Profit (loss) for the period | 9904 | €5,246 | €4,371 | -€875 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,246 | €4,371 | -€875 | -16.7% |
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.