FLEXTEAM: 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.
FLEXTEAM
Largest movements
- Tangible fixed assets +€410,457
up €410,457 (+3222.1%), from €12,739 to €423,195
of which Land and buildings: +€415,248
- Cash -€4,972
down €4,972 (-12.5%), from €39,856 to €34,884
mainly Investment in fixed assets (net) (-€425,230) and Tax, wage and social debts (-€4,745)
- Debts after one year +€302,399
new in 2025: €302,399
- Reserves +€75,947
up €75,947 (+107.7%), from €70,531 to €146,478
- Current portion of long-term debt +€17,216
new in 2025: €17,216
- Other debts +€9,928
up €9,928 (+13767.8%), from €72 to €10,000
- Gross operating margin +€77,462
up €77,462 (+172.4%), from €44,922 to €122,384
- Taxes +€10,734
up €10,734 (+110.8%), from €9,691 to €20,426
- Financial charges +€9,373
up €9,373 (+787.2%), from €1,191 to €10,564
- Depreciation +€7,326
up €7,326 (+98.4%), from €7,447 to €14,773
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 | €88,137 | €491,401 | +€403,264 | +457.5% |
| Fixed assets | 21/28 | €12,739 | €423,195 | +€410,457 | +3222.1% |
| Tangible fixed assets | 22/27 | €12,739 | €423,195 | +€410,457 | +3222.1% |
| Land and buildings | 22 | - | €415,248 | +€415,248 | |
| Plant, machinery and equipment | 23 | €3,008 | €3,882 | +€873 | +29.0% |
| Furniture and vehicles | 24 | €9,730 | €4,065 | -€5,665 | -58.2% |
| Current assets | 29/58 | €75,399 | €68,206 | -€7,193 | -9.5% |
| Stocks and contracts in progress | 3 | €21,763 | €20,408 | -€1,355 | -6.2% |
| Stocks | 30/36 | €21,763 | €20,408 | -€1,355 | -6.2% |
| Amounts receivable within one year | 40/41 | €11,766 | €10,753 | -€1,013 | -8.6% |
| Trade receivables | 40 | €6,338 | €3,032 | -€3,306 | -52.2% |
| Other amounts receivable | 41 | €5,428 | €7,722 | +€2,293 | +42.2% |
| Cash at bank and in hand | 54/58 | €39,856 | €34,884 | -€4,972 | -12.5% |
| Deferred charges and accrued income | 490/1 | €2,014 | €2,160 | +€146 | +7.3% |
| Total equity and liabilities | 10/49 | €88,137 | €491,401 | +€403,264 | +457.5% |
| Equity | 10/15 | €70,631 | €146,578 | +€75,947 | +107.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €70,531 | €146,478 | +€75,947 | +107.7% |
| Distributable reserves | 133 | €70,531 | €146,478 | +€75,947 | +107.7% |
| Amounts payable | 17/49 | €17,507 | €344,823 | +€327,317 | +1869.7% |
| Amounts payable after more than one year | 17 | - | €302,399 | +€302,399 | |
| Financial debts | 170/4 | - | €302,399 | +€302,399 | |
| Amounts payable within one year | 42/48 | €17,507 | €42,424 | +€24,917 | +142.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,216 | +€17,216 | |
| Trade debts | 44 | €1,525 | €5,094 | +€3,570 | +234.1% |
| Suppliers | 440/4 | €1,525 | €5,094 | +€3,570 | +234.1% |
| Advances received on contracts in progress | 46 | €11,115 | €10,063 | -€1,051 | -9.5% |
| Taxes, remuneration and social security | 45 | €4,795 | €50 | -€4,745 | -99.0% |
| Taxes | 450/3 | €4,795 | €50 | -€4,745 | -99.0% |
| Other amounts payable | 47/48 | €72 | €10,000 | +€9,928 | +13767.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,447 | €14,773 | +€7,326 | +98.4% |
| Other operating charges | 640/8 | €886 | €675 | -€211 | -23.8% |
| Gross operating margin | 9900 | €44,922 | €122,384 | +€77,462 | +172.4% |
| Operating profit (loss) | 9901 | €36,588 | €106,935 | +€70,347 | +192.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,191 | €10,564 | +€9,373 | +787.2% |
| Recurring financial charges | 65 | €1,191 | €10,564 | +€9,373 | +787.2% |
| Profit (loss) for the period before taxes | 9903 | €35,398 | €96,373 | +€60,975 | +172.3% |
| Income taxes | 67/77 | €9,691 | €20,426 | +€10,734 | +110.8% |
| Profit (loss) for the period | 9904 | €25,706 | €75,947 | +€50,241 | +195.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,706 | €75,947 | +€50,241 | +195.4% |
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 9 October 2026 via checked.be.