FLEXTHOR: 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.
FLEXTHOR
Largest movements
- Receivables within one year +€3,903
up €3,903 (+360.6%), from €1,083 to €4,986
of which Trade receivables: +€4,072
- Tangible fixed assets -€356
down €356 (-40.8%), from €873 to €517
- Cash -€64
down €64 (-79.3%), from €81 to €17
mainly Receivables within one year (-€3,903) and Contributions, distributions and other (-€2,100)
- Other debts +€5,906
new in 2025: €5,906
- Contributions -€2,100
down €2,100 (-11.0%), from €19,100 to €17,000
- Profit (loss) carried forward -€486
down €486 (-1.9%), from -€25,003 to -€25,489
- Tax, wage and social debts +€456
new in 2025: €456
- Trade debts -€293
down €293 (-23.0%), from €1,278 to €984
- Purchases and services -€7,678
down €7,678 (-40.6%), from €18,909 to €11,230
- Gross operating margin +€5,453
up €5,453, from -€5,009 to €444
- Turnover -€2,226
down €2,226 (-16.0%), from €13,900 to €11,674
- Other operating charges +€468
up €468 (+755.1%), from €62 to €530
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 | €2,036 | €5,520 | +€3,483 | +171.1% |
| Fixed assets | 21/28 | €873 | €517 | -€356 | -40.8% |
| Tangible fixed assets | 22/27 | €873 | €517 | -€356 | -40.8% |
| Furniture and vehicles | 24 | €873 | €517 | -€356 | -40.8% |
| Current assets | 29/58 | €1,164 | €5,003 | +€3,839 | +329.9% |
| Amounts receivable within one year | 40/41 | €1,083 | €4,986 | +€3,903 | +360.6% |
| Trade receivables | 40 | €914 | €4,986 | +€4,072 | +445.7% |
| Other amounts receivable | 41 | €169 | - | -€169 | |
| Cash at bank and in hand | 54/58 | €81 | €17 | -€64 | -79.3% |
| Total equity and liabilities | 10/49 | €2,036 | €5,520 | +€3,483 | +171.1% |
| Equity | 10/15 | €759 | -€1,827 | -€2,586 | |
| Contributions | 10/11 | €19,100 | €17,000 | -€2,100 | -11.0% |
| Reserves | 13 | €6,662 | €6,662 | = | 0.0% |
| Distributable reserves | 133 | €6,662 | €6,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,003 | -€25,489 | -€486 | -1.9% |
| Amounts payable | 17/49 | €1,278 | €7,347 | +€6,069 | +475.0% |
| Amounts payable within one year | 42/48 | €1,278 | €7,347 | +€6,069 | +475.0% |
| Trade debts | 44 | €1,278 | €984 | -€293 | -23.0% |
| Suppliers | 440/4 | €1,278 | €984 | -€293 | -23.0% |
| Taxes, remuneration and social security | 45 | - | €456 | +€456 | |
| Taxes | 450/3 | - | €456 | +€456 | |
| Other amounts payable | 47/48 | - | €5,906 | +€5,906 | |
| Turnover | 70 | €13,900 | €11,674 | -€2,226 | -16.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,909 | €11,230 | -€7,678 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €356 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €530 | +€468 | +755.1% |
| Gross operating margin | 9900 | -€5,009 | €444 | +€5,453 | |
| Operating profit (loss) | 9901 | -€5,426 | -€442 | +€4,985 | +91.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €43 | €45 | +€2 | +4.5% |
| Recurring financial charges | 65 | €43 | €45 | +€2 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,470 | -€486 | +€4,984 | +91.1% |
| Profit (loss) for the period | 9904 | -€5,470 | -€486 | +€4,984 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,470 | -€486 | +€4,984 | +91.1% |
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 10 October 2026 via checked.be.