FLEXTIME: 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.
FLEXTIME
Largest movements
- Receivables within one year +€68,665
up €68,665 (+29.9%), from €229,278 to €297,944
of which Other amounts receivable: +€57,732
- Cash -€38,589
down €38,589 (-85.1%), from €45,351 to €6,762
mainly Receivables within one year (-€68,665) and Trade debts (-€26,855)
- Tangible fixed assets +€9,492
up €9,492 (+31.7%), from €29,941 to €39,433
of which Furniture and vehicles: +€8,107
- Profit (loss) carried forward +€47,297
up €47,297 (+15966.8%), from €296 to €47,593
- Trade debts -€26,855
down €26,855 (-15.2%), from €177,152 to €150,297
- Tax, wage and social debts +€18,824
up €18,824 (+21.2%), from €88,621 to €107,445
of which Remuneration and social security: +€28,016
- Staff costs -€26,458
down €26,458 (-5.5%), from €484,003 to €457,546
- Other operating charges +€8,324
up €8,324 (+412.3%), from €2,019 to €10,342
- Financial charges +€8,141
up €8,141 (+3807.3%), from €214 to €8,355
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 | €304,746 | €344,138 | +€39,392 | +12.9% |
| Fixed assets | 21/28 | €29,941 | €39,433 | +€9,492 | +31.7% |
| Tangible fixed assets | 22/27 | €29,941 | €39,433 | +€9,492 | +31.7% |
| Plant, machinery and equipment | 23 | €15,749 | €17,134 | +€1,384 | +8.8% |
| Furniture and vehicles | 24 | €14,191 | €22,299 | +€8,107 | +57.1% |
| Current assets | 29/58 | €274,806 | €304,706 | +€29,900 | +10.9% |
| Amounts receivable within one year | 40/41 | €229,278 | €297,944 | +€68,665 | +29.9% |
| Trade receivables | 40 | €131,608 | €142,541 | +€10,933 | +8.3% |
| Other amounts receivable | 41 | €97,670 | €155,403 | +€57,732 | +59.1% |
| Cash at bank and in hand | 54/58 | €45,351 | €6,762 | -€38,589 | -85.1% |
| Deferred charges and accrued income | 490/1 | €176 | - | -€176 | |
| Total equity and liabilities | 10/49 | €304,746 | €344,138 | +€39,392 | +12.9% |
| Equity | 10/15 | €38,296 | €85,593 | +€47,297 | +123.5% |
| Reserves | 13 | €38,000 | €38,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296 | €47,593 | +€47,297 | +15966.8% |
| Amounts payable | 17/49 | €266,450 | €258,545 | -€7,905 | -3.0% |
| Amounts payable within one year | 42/48 | €266,450 | €258,545 | -€7,905 | -3.0% |
| Trade debts | 44 | €177,152 | €150,297 | -€26,855 | -15.2% |
| Suppliers | 440/4 | €177,152 | €150,297 | -€26,855 | -15.2% |
| Taxes, remuneration and social security | 45 | €88,621 | €107,445 | +€18,824 | +21.2% |
| Taxes | 450/3 | €52,525 | €43,333 | -€9,192 | -17.5% |
| Remuneration and social security | 454/9 | €36,096 | €64,112 | +€28,016 | +77.6% |
| Other amounts payable | 47/48 | €677 | €804 | +€127 | +18.8% |
| Remuneration, social security and pensions | 62 | €484,003 | €457,546 | -€26,458 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,300 | €10,208 | +€4,908 | +92.6% |
| Other operating charges | 640/8 | €2,019 | €10,342 | +€8,324 | +412.3% |
| Gross operating margin | 9900 | €539,112 | €543,184 | +€4,072 | +0.8% |
| Operating profit (loss) | 9901 | €47,790 | €65,088 | +€17,298 | +36.2% |
| Financial income | 75/76B | €2,713 | €6,555 | +€3,842 | +141.6% |
| Recurring financial income | 75 | €2,713 | €6,555 | +€3,842 | +141.6% |
| Financial charges | 65/66B | €214 | €8,355 | +€8,141 | +3807.3% |
| Recurring financial charges | 65 | €214 | €8,355 | +€8,141 | +3807.3% |
| Profit (loss) for the period before taxes | 9903 | €50,289 | €63,289 | +€13,000 | +25.8% |
| Income taxes | 67/77 | €14,160 | €15,192 | +€1,032 | +7.3% |
| Profit (loss) for the period | 9904 | €36,129 | €48,097 | +€11,968 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,129 | €48,097 | +€11,968 | +33.1% |
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 5 October 2026 via checked.be.