FLEXURO: 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.
FLEXURO
Largest movements
- Tangible fixed assets +€21,696
up €21,696 (+3.8%), from €575,091 to €596,787
of which Assets under construction and advance payments: +€23,958
- Receivables within one year -€7,425
down €7,425 (-10.0%), from €73,933 to €66,508
of which Trade receivables: -€19,711
- Reserves +€27,600
up €27,600 (+13.2%), from €208,410 to €236,010
- Trade debts -€13,465
down €13,465 (-66.2%), from €20,355 to €6,889
- Gross operating margin -€11,752
down €11,752 (-13.0%), from €90,129 to €78,377
- Depreciation +€4,141
up €4,141 (+23.5%), from €17,644 to €21,785
- Financial charges -€2,697
down €2,697 (-14.7%), from €18,302 to €15,605
- Taxes -€1,572
down €1,572 (-10.2%), from €15,346 to €13,774
- Financial income +€1,047
up €1,047 (+77.0%), from €1,359 to €2,406
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 | €669,835 | €682,129 | +€12,293 | +1.8% |
| Fixed assets | 21/28 | €583,091 | €604,787 | +€21,696 | +3.7% |
| Tangible fixed assets | 22/27 | €575,091 | €596,787 | +€21,696 | +3.8% |
| Land and buildings | 22 | €169,966 | €168,119 | -€1,847 | -1.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €3,257 | €2,842 | -€415 | -12.7% |
| Assets under construction and advance payments | 27 | €401,868 | €425,826 | +€23,958 | +6.0% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €86,744 | €77,341 | -€9,403 | -10.8% |
| Amounts receivable within one year | 40/41 | €73,933 | €66,508 | -€7,425 | -10.0% |
| Trade receivables | 40 | €30,043 | €10,332 | -€19,711 | -65.6% |
| Other amounts receivable | 41 | €43,890 | €56,176 | +€12,286 | +28.0% |
| Cash at bank and in hand | 54/58 | €12,282 | €10,833 | -€1,449 | -11.8% |
| Deferred charges and accrued income | 490/1 | €529 | - | -€529 | |
| Total equity and liabilities | 10/49 | €669,835 | €682,129 | +€12,293 | +1.8% |
| Equity | 10/15 | €270,962 | €298,587 | +€27,625 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,410 | €236,010 | +€27,600 | +13.2% |
| Distributable reserves | 133 | €208,410 | €236,010 | +€27,600 | +13.2% |
| Profit (loss) carried forward | 14 | €43,952 | €43,977 | +€25 | +0.1% |
| Amounts payable | 17/49 | €398,873 | €383,542 | -€15,331 | -3.8% |
| Amounts payable after more than one year | 17 | €302,050 | €302,885 | +€834 | +0.3% |
| Financial debts | 170/4 | €302,050 | €302,885 | +€834 | +0.3% |
| Amounts payable within one year | 42/48 | €90,735 | €76,385 | -€14,350 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €40,913 | €41,591 | +€678 | +1.7% |
| Financial debts | 43 | €14,619 | €14,810 | +€190 | +1.3% |
| Credit institutions | 430/8 | €5,916 | €5,889 | -€27 | -0.5% |
| Other loans | 439 | €8,703 | €8,921 | +€218 | +2.5% |
| Trade debts | 44 | €20,355 | €6,889 | -€13,465 | -66.2% |
| Suppliers | 440/4 | €20,355 | €6,889 | -€13,465 | -66.2% |
| Taxes, remuneration and social security | 45 | €14,848 | €13,095 | -€1,753 | -11.8% |
| Taxes | 450/3 | €9,198 | €7,445 | -€1,753 | -19.1% |
| Remuneration and social security | 454/9 | €5,650 | €5,650 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €6,088 | €4,272 | -€1,815 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,644 | €21,785 | +€4,141 | +23.5% |
| Other operating charges | 640/8 | €1,954 | €1,994 | +€40 | +2.1% |
| Gross operating margin | 9900 | €90,129 | €78,377 | -€11,752 | -13.0% |
| Operating profit (loss) | 9901 | €70,530 | €54,598 | -€15,933 | -22.6% |
| Financial income | 75/76B | €1,359 | €2,406 | +€1,047 | +77.0% |
| Recurring financial income | 75 | €1,359 | €2,406 | +€1,047 | +77.0% |
| Financial charges | 65/66B | €18,302 | €15,605 | -€2,697 | -14.7% |
| Recurring financial charges | 65 | €18,302 | €15,605 | -€2,697 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €53,587 | €41,399 | -€12,188 | -22.7% |
| Income taxes | 67/77 | €15,346 | €13,774 | -€1,572 | -10.2% |
| Profit (loss) for the period | 9904 | €38,241 | €27,625 | -€10,616 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,241 | €27,625 | -€10,616 | -27.8% |
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 12 October 2026 via checked.be.