FLEXTILE: 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.
FLEXTILE
Largest movements
- Tangible fixed assets +€54,793
new in 2024: €54,793
- Receivables within one year +€8,837
up €8,837 (+15.4%), from €57,223 to €66,060
of which Trade receivables: +€7,411
- Cash -€5,442
down €5,442 (-45.9%), from €11,865 to €6,423
mainly Investment in fixed assets (net) (-€68,492) and Trade debts (-€14,707)
- Debts after one year +€36,551
new in 2024: €36,551
- Profit (loss) carried forward +€18,063
up €18,063 (+68.4%), from €26,403 to €44,466
- Trade debts -€14,707
down €14,707 (-55.0%), from €26,760 to €12,053
- Other debts +€11,563
up €11,563 (+195.2%), from €5,925 to €17,488
- Current portion of long-term debt +€6,718
new in 2024: €6,718
- Gross operating margin +€21,725
up €21,725 (+174.6%), from €12,443 to €34,168
- Depreciation +€13,698
new in 2024: €13,698
- Purchases and services -€11,777
down €11,777 (-7.6%), from €154,307 to €142,530
- Turnover +€9,949
up €9,949 (+6.0%), from €166,750 to €176,698
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 | €69,088 | €127,276 | +€58,188 | +84.2% |
| Fixed assets | 21/28 | - | €54,793 | +€54,793 | |
| Tangible fixed assets | 22/27 | - | €54,793 | +€54,793 | |
| Furniture and vehicles | 24 | - | €54,793 | +€54,793 | |
| Current assets | 29/58 | €69,088 | €72,482 | +€3,394 | +4.9% |
| Amounts receivable within one year | 40/41 | €57,223 | €66,060 | +€8,837 | +15.4% |
| Trade receivables | 40 | €50,926 | €58,337 | +€7,411 | +14.6% |
| Other amounts receivable | 41 | €6,296 | €7,722 | +€1,426 | +22.6% |
| Cash at bank and in hand | 54/58 | €11,865 | €6,423 | -€5,442 | -45.9% |
| Total equity and liabilities | 10/49 | €69,088 | €127,276 | +€58,188 | +84.2% |
| Equity | 10/15 | €36,403 | €54,466 | +€18,063 | +49.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,403 | €44,466 | +€18,063 | +68.4% |
| Amounts payable | 17/49 | €32,685 | €72,810 | +€40,125 | +122.8% |
| Amounts payable after more than one year | 17 | - | €36,551 | +€36,551 | |
| Financial debts | 170/4 | - | €36,551 | +€36,551 | |
| Amounts payable within one year | 42/48 | €32,685 | €36,259 | +€3,574 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,718 | +€6,718 | |
| Trade debts | 44 | €26,760 | €12,053 | -€14,707 | -55.0% |
| Suppliers | 440/4 | €26,760 | €12,053 | -€14,707 | -55.0% |
| Other amounts payable | 47/48 | €5,925 | €17,488 | +€11,563 | +195.2% |
| Turnover | 70 | €166,750 | €176,698 | +€9,949 | +6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,307 | €142,530 | -€11,777 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,698 | +€13,698 | |
| Other operating charges | 640/8 | €1,056 | €830 | -€226 | -21.4% |
| Gross operating margin | 9900 | €12,443 | €34,168 | +€21,725 | +174.6% |
| Operating profit (loss) | 9901 | €11,386 | €19,639 | +€8,253 | +72.5% |
| Financial income | 75/76B | €12 | €1 | -€11 | -93.5% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -93.5% |
| Financial charges | 65/66B | €1,503 | €1,577 | +€74 | +4.9% |
| Recurring financial charges | 65 | €1,503 | €1,577 | +€74 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €9,895 | €18,063 | +€8,168 | +82.5% |
| Profit (loss) for the period | 9904 | €9,895 | €18,063 | +€8,168 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,895 | €18,063 | +€8,168 | +82.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.