FlexSol: 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.
FlexSol
Largest movements
- Receivables within one year -€192,588
down €192,588 (-49.1%), from €392,234 to €199,646
of which Trade receivables: -€222,051
- Tangible fixed assets -€19,744
down €19,744 (-42.2%), from €46,798 to €27,055
of which Plant, machinery and equipment: -€11,759
- Deferred charges and accrued income -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Cash -€10,924
down €10,924 (-8.0%), from €136,603 to €125,679
mainly Accrued charges and deferred income (-€138,499) and Trade debts (-€64,781)
- Reserves +€247,571
up €247,571 (+14237.1%), from €1,739 to €249,310
of which Distributable reserves: +€247,571
- Profit (loss) carried forward -€199,510
down €199,510 (-91.7%), from €217,542 to €18,032
- Accrued charges and deferred income -€138,499
down €138,499 (-89.8%), from €154,204 to €15,705
- Trade debts -€64,781
down €64,781 (-66.2%), from €97,921 to €33,139
- Short-term financial debts -€57,828
down €57,828 (-77.5%), from €74,584 to €16,756
- Staff costs +€57,260
up €57,260 (+39.9%), from €143,442 to €200,702
- Gross operating margin -€46,423
down €46,423 (-12.2%), from €381,101 to €334,679
- Taxes -€15,288
down €15,288 (-33.9%), from €45,096 to €29,808
- Other operating charges -€5,795
down €5,795 (-71.4%), from €8,122 to €2,326
- Financial charges -€4,436
down €4,436 (-45.9%), from €9,661 to €5,225
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 | €654,803 | €414,166 | -€240,637 | -36.7% |
| Fixed assets | 21/28 | €60,265 | €36,841 | -€23,425 | -38.9% |
| Intangible fixed assets | 21 | €13,467 | €9,786 | -€3,681 | -27.3% |
| Tangible fixed assets | 22/27 | €46,798 | €27,055 | -€19,744 | -42.2% |
| Plant, machinery and equipment | 23 | €35,077 | €23,317 | -€11,759 | -33.5% |
| Furniture and vehicles | 24 | €8,314 | €3,737 | -€4,576 | -55.0% |
| Leasing and similar rights | 25 | €3,337 | €0 | -€3,337 | -100.0% |
| Other tangible fixed assets | 26 | €71 | €0 | -€71 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €594,537 | €377,325 | -€217,212 | -36.5% |
| Stocks and contracts in progress | 3 | €50,700 | €52,000 | +€1,300 | +2.6% |
| Stocks | 30/36 | €50,700 | €52,000 | +€1,300 | +2.6% |
| Amounts receivable within one year | 40/41 | €392,234 | €199,646 | -€192,588 | -49.1% |
| Trade receivables | 40 | €375,242 | €153,190 | -€222,051 | -59.2% |
| Other amounts receivable | 41 | €16,992 | €46,456 | +€29,463 | +173.4% |
| Cash at bank and in hand | 54/58 | €136,603 | €125,679 | -€10,924 | -8.0% |
| Deferred charges and accrued income | 490/1 | €15,000 | €0 | -€15,000 | -100.0% |
| Total equity and liabilities | 10/49 | €654,803 | €414,166 | -€240,637 | -36.7% |
| Equity | 10/15 | €242,781 | €290,843 | +€48,061 | +19.8% |
| Contributions | 10/11 | €23,500 | €23,500 | = | 0.0% |
| Reserves | 13 | €1,739 | €249,310 | +€247,571 | +14237.1% |
| Non-distributable reserves | 130/1 | €1,739 | €1,739 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,739 | €1,739 | = | 0.0% |
| Distributable reserves | 133 | - | €247,571 | +€247,571 | |
| Profit (loss) carried forward | 14 | €217,542 | €18,032 | -€199,510 | -91.7% |
| Amounts payable | 17/49 | €412,021 | €123,323 | -€288,698 | -70.1% |
| Amounts payable after more than one year | 17 | €20,738 | €13,791 | -€6,947 | -33.5% |
| Financial debts | 170/4 | €20,738 | €13,791 | -€6,947 | -33.5% |
| Amounts payable within one year | 42/48 | €237,079 | €93,827 | -€143,253 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €9,121 | €6,947 | -€2,175 | -23.8% |
| Financial debts | 43 | €74,584 | €16,756 | -€57,828 | -77.5% |
| Credit institutions | 430/8 | €74,584 | €16,756 | -€57,828 | -77.5% |
| Trade debts | 44 | €97,921 | €33,139 | -€64,781 | -66.2% |
| Suppliers | 440/4 | €97,921 | €33,139 | -€64,781 | -66.2% |
| Taxes, remuneration and social security | 45 | €55,453 | €36,984 | -€18,469 | -33.3% |
| Taxes | 450/3 | €29,222 | €23,102 | -€6,119 | -20.9% |
| Remuneration and social security | 454/9 | €26,232 | €13,882 | -€12,350 | -47.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €154,204 | €15,705 | -€138,499 | -89.8% |
| Non-recurring operating income | 76A | €3,894 | €0 | -€3,894 | -100.0% |
| Remuneration, social security and pensions | 62 | €143,442 | €200,702 | +€57,260 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,348 | €27,127 | -€221 | -0.8% |
| Other operating charges | 640/8 | €8,122 | €2,326 | -€5,795 | -71.4% |
| Gross operating margin | 9900 | €381,101 | €334,679 | -€46,423 | -12.2% |
| Operating profit (loss) | 9901 | €202,190 | €104,523 | -€97,667 | -48.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -28.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -28.6% |
| Financial charges | 65/66B | €9,661 | €5,225 | -€4,436 | -45.9% |
| Recurring financial charges | 65 | €9,661 | €5,225 | -€4,436 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €192,529 | €99,298 | -€93,231 | -48.4% |
| Income taxes | 67/77 | €45,096 | €29,808 | -€15,288 | -33.9% |
| Profit (loss) for the period | 9904 | €147,433 | €69,490 | -€77,943 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,433 | €69,490 | -€77,943 | -52.9% |
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 1 October 2026 via checked.be.