FLEXUM: 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.
FLEXUM
Largest movements
- Cash +€49,158
up €49,158 (+430.6%), from €11,416 to €60,574
mainly Trade debts (+€47,446) and Receivables within one year (+€25,191)
- Receivables within one year -€25,191
down €25,191 (-52.6%), from €47,878 to €22,686
of which Trade receivables: -€26,107
- Deferred charges and accrued income +€18,813
up €18,813 (+967.4%), from €1,945 to €20,757
- Stocks and contracts +€15,209
up €15,209 (+110.4%), from €13,776 to €28,985
- Tangible fixed assets +€12,813
up €12,813 (+40.9%), from €31,306 to €44,119
of which Furniture and vehicles: +€16,709
- Trade debts +€47,446
up €47,446 (+357.9%), from €13,257 to €60,702
- Profit (loss) carried forward +€11,090
up €11,090 (+14.4%), from €76,943 to €88,033
- Debts after one year +€8,437
new in 2025: €8,437
- Current portion of long-term debt +€3,046
new in 2025: €3,046
- Accrued charges and deferred income +€2,752
new in 2025: €2,752
- Financial income -€9,039
down €9,039 (-74.1%), from €12,202 to €3,163
of which Non-recurring financial income: -€11,384
- Gross operating margin -€6,480
down €6,480 (-20.4%), from €31,768 to €25,288
- Taxes -€3,714
down €3,714 (-46.3%), from €8,022 to €4,309
- Depreciation +€3,104
up €3,104 (+58.8%), from €5,279 to €8,383
- Financial charges +€1,659
up €1,659 (+96.0%), from €1,727 to €3,386
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 | €127,556 | €198,921 | +€71,365 | +55.9% |
| Fixed assets | 21/28 | €31,306 | €44,119 | +€12,813 | +40.9% |
| Tangible fixed assets | 22/27 | €31,306 | €44,119 | +€12,813 | +40.9% |
| Plant, machinery and equipment | 23 | €25,301 | €21,405 | -€3,896 | -15.4% |
| Furniture and vehicles | 24 | €6,005 | €22,715 | +€16,709 | +278.2% |
| Current assets | 29/58 | €96,250 | €154,802 | +€58,552 | +60.8% |
| Amounts receivable after more than one year | 29 | €21,236 | €21,799 | +€563 | +2.7% |
| Other amounts receivable | 291 | €21,236 | €21,799 | +€563 | +2.7% |
| Stocks and contracts in progress | 3 | €13,776 | €28,985 | +€15,209 | +110.4% |
| Stocks | 30/36 | €13,776 | €28,985 | +€15,209 | +110.4% |
| Amounts receivable within one year | 40/41 | €47,878 | €22,686 | -€25,191 | -52.6% |
| Trade receivables | 40 | €43,681 | €17,574 | -€26,107 | -59.8% |
| Other amounts receivable | 41 | €4,197 | €5,113 | +€916 | +21.8% |
| Cash at bank and in hand | 54/58 | €11,416 | €60,574 | +€49,158 | +430.6% |
| Deferred charges and accrued income | 490/1 | €1,945 | €20,757 | +€18,813 | +967.4% |
| Total equity and liabilities | 10/49 | €127,556 | €198,921 | +€71,365 | +55.9% |
| Equity | 10/15 | €96,943 | €108,033 | +€11,090 | +11.4% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,943 | €88,033 | +€11,090 | +14.4% |
| Amounts payable | 17/49 | €30,614 | €90,889 | +€60,275 | +196.9% |
| Amounts payable after more than one year | 17 | - | €8,437 | +€8,437 | |
| Financial debts | 170/4 | - | €8,437 | +€8,437 | |
| Amounts payable within one year | 42/48 | €30,614 | €79,699 | +€49,086 | +160.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,046 | +€3,046 | |
| Trade debts | 44 | €13,257 | €60,702 | +€47,446 | +357.9% |
| Suppliers | 440/4 | €13,257 | €60,702 | +€47,446 | +357.9% |
| Taxes, remuneration and social security | 45 | €17,357 | €15,951 | -€1,406 | -8.1% |
| Taxes | 450/3 | €14,357 | €15,951 | +€1,594 | +11.1% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,752 | +€2,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €8,383 | +€3,104 | +58.8% |
| Other operating charges | 640/8 | €1,020 | €1,282 | +€262 | +25.7% |
| Gross operating margin | 9900 | €31,768 | €25,288 | -€6,480 | -20.4% |
| Operating profit (loss) | 9901 | €25,469 | €15,622 | -€9,847 | -38.7% |
| Financial income | 75/76B | €12,202 | €3,163 | -€9,039 | -74.1% |
| Recurring financial income | 75 | €818 | €3,163 | +€2,345 | +286.8% |
| Non-recurring financial income | 76B | €11,384 | - | -€11,384 | |
| Financial charges | 65/66B | €1,727 | €3,386 | +€1,659 | +96.0% |
| Recurring financial charges | 65 | €1,727 | €3,386 | +€1,659 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | €35,943 | €15,399 | -€20,544 | -57.2% |
| Income taxes | 67/77 | €8,022 | €4,309 | -€3,714 | -46.3% |
| Profit (loss) for the period | 9904 | €27,921 | €11,090 | -€16,831 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,921 | €11,090 | -€16,831 | -60.3% |
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 11 October 2026 via checked.be.