FLEXU: 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.
FLEXU
Largest movements
- Receivables within one year -€98,376
down €98,376 (-49.4%), from €199,183 to €100,806
of which Other amounts receivable: -€74,976
- Financial fixed assets +€75,000
new in 2025: €75,000
- Intangible fixed assets +€21,344
new in 2025: €21,344
- Cash +€4,205
up €4,205 (+12.2%), from €34,382 to €38,587
mainly Receivables within one year (+€98,376) and Net result for the year (+€12,150)
- Deferred charges and accrued income +€4,196
up €4,196, from €0 to €4,196
- Reserves +€12,150
up €12,150 (+8.9%), from €136,523 to €148,673
- Trade debts -€6,061
down €6,061 (-7.8%), from €77,409 to €71,348
- Gross operating margin +€4,751
up €4,751 (+34.8%), from €13,643 to €18,394
- Taxes +€1,143
up €1,143 (+39.3%), from €2,907 to €4,050
- Other operating charges +€288
up €288 (+28.9%), from €998 to €1,286
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.
Derived cash bridge
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 | €233,942 | €239,933 | +€5,992 | +2.6% |
| Fixed assets | 21/28 | €377 | €96,344 | +€95,967 | +25,436% |
| Intangible fixed assets | 21 | - | €21,344 | +€21,344 | |
| Tangible fixed assets | 22/27 | €377 | €0 | -€377 | -100% |
| Furniture and vehicles | 24 | €377 | €0 | -€377 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €75,000 | +€75,000 | |
| Current assets | 29/58 | €233,565 | €143,589 | -€89,975 | -38.5% |
| Amounts receivable within one year | 40/41 | €199,183 | €100,806 | -€98,376 | -49.4% |
| Trade receivables | 40 | €23,400 | €0 | -€23,400 | -100% |
| Other amounts receivable | 41 | €175,782 | €100,806 | -€74,976 | -42.7% |
| Cash at bank and in hand | 54/58 | €34,382 | €38,587 | +€4,205 | +12.2% |
| Deferred charges and accrued income | 490/1 | €0 | €4,196 | +€4,196 | |
| Total equity and liabilities | 10/49 | €233,942 | €239,933 | +€5,992 | +2.6% |
| Equity | 10/15 | €155,123 | €167,273 | +€12,150 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,523 | €148,673 | +€12,150 | +8.9% |
| Distributable reserves | 133 | €136,523 | €148,673 | +€12,150 | +8.9% |
| Amounts payable | 17/49 | €78,819 | €72,660 | -€6,159 | -7.8% |
| Amounts payable within one year | 42/48 | €77,557 | €71,398 | -€6,159 | -7.9% |
| Trade debts | 44 | €77,409 | €71,348 | -€6,061 | -7.8% |
| Suppliers | 440/4 | €77,409 | €71,348 | -€6,061 | -7.8% |
| Taxes, remuneration and social security | 45 | €147 | €50 | -€97 | -66.1% |
| Taxes | 450/3 | €147 | €50 | -€97 | -66.1% |
| Accrued charges and deferred income | 492/3 | €1,262 | €1,262 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737 | €758 | +€22 | +2.9% |
| Other operating charges | 640/8 | €998 | €1,286 | +€288 | +28.9% |
| Non-recurring operating charges | 66A | €278 | €0 | -€278 | -100% |
| Gross operating margin | 9900 | €13,643 | €18,394 | +€4,751 | +34.8% |
| Operating profit (loss) | 9901 | €11,631 | €16,350 | +€4,719 | +40.6% |
| Financial income | 75/76B | €71 | €0 | -€71 | -100% |
| Recurring financial income | 75 | €71 | €0 | -€71 | -100% |
| Financial charges | 65/66B | €161 | €150 | -€11 | -6.8% |
| Recurring financial charges | 65 | €161 | €150 | -€11 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €11,541 | €16,200 | +€4,660 | +40.4% |
| Income taxes | 67/77 | €2,907 | €4,050 | +€1,143 | +39.3% |
| Profit (loss) for the period | 9904 | €8,633 | €12,150 | +€3,517 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,633 | €12,150 | +€3,517 | +40.7% |
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 16 October 2026 via checked.be.