FLEXVAN: 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.
FLEXVAN
Largest movements
- Current investments +€80,000
new in 2024: €80,000
- Cash +€39,908
up €39,908 (+104.9%), from €38,035 to €77,943
mainly Net result for the year (+€86,552) and Depreciation (+€14,032)
- Tangible fixed assets -€14,032
down €14,032 (-21.6%), from €64,953 to €50,920
of which Furniture and vehicles: -€13,142
- Deferred charges and accrued income -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Receivables within one year -€9,440
down €9,440 (-19.3%), from €48,904 to €39,464
of which Other amounts receivable: -€5,400
- Reserves +€86,552
up €86,552 (+120.5%), from €71,831 to €158,383
- Other debts -€13,748
down €13,748 (-38.0%), from €36,148 to €22,400
- Tax, wage and social debts +€12,144
up €12,144 (+63.4%), from €19,169 to €31,313
- Debts after one year -€7,600
down €7,600 (-28.6%), from €26,600 to €19,000
- Gross operating margin +€33,569
up €33,569 (+34.9%), from €96,209 to €129,778
- Depreciation +€8,823
up €8,823 (+169.4%), from €5,209 to €14,032
- Taxes +€6,019
up €6,019 (+33.0%), from €18,263 to €24,282
- Financial charges +€3,128
up €3,128 (+309.7%), from €1,010 to €4,138
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 | €196,394 | €278,820 | +€82,426 | +42.0% |
| Fixed assets | 21/28 | €64,953 | €50,920 | -€14,032 | -21.6% |
| Tangible fixed assets | 22/27 | €64,953 | €50,920 | -€14,032 | -21.6% |
| Plant, machinery and equipment | 23 | €4,415 | €3,525 | -€890 | -20.2% |
| Furniture and vehicles | 24 | €60,538 | €47,396 | -€13,142 | -21.7% |
| Current assets | 29/58 | €131,441 | €227,900 | +€96,459 | +73.4% |
| Stocks and contracts in progress | 3 | €34,502 | €30,492 | -€4,010 | -11.6% |
| Stocks | 30/36 | €34,502 | €30,492 | -€4,010 | -11.6% |
| Amounts receivable within one year | 40/41 | €48,904 | €39,464 | -€9,440 | -19.3% |
| Trade receivables | 40 | €42,785 | €38,746 | -€4,039 | -9.4% |
| Other amounts receivable | 41 | €6,119 | €718 | -€5,400 | -88.3% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €38,035 | €77,943 | +€39,908 | +104.9% |
| Deferred charges and accrued income | 490/1 | €10,000 | €0 | -€10,000 | -100.0% |
| Total equity and liabilities | 10/49 | €196,394 | €278,820 | +€82,426 | +42.0% |
| Equity | 10/15 | €76,831 | €163,383 | +€86,552 | +112.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,831 | €158,383 | +€86,552 | +120.5% |
| Distributable reserves | 133 | €71,831 | €158,383 | +€86,552 | +120.5% |
| Amounts payable | 17/49 | €119,563 | €115,437 | -€4,126 | -3.5% |
| Amounts payable after more than one year | 17 | €26,600 | €19,000 | -€7,600 | -28.6% |
| Financial debts | 170/4 | €26,600 | €19,000 | -€7,600 | -28.6% |
| Amounts payable within one year | 42/48 | €92,964 | €94,103 | +€1,140 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €7,600 | €7,600 | = | 0.0% |
| Trade debts | 44 | €30,047 | €32,791 | +€2,744 | +9.1% |
| Suppliers | 440/4 | €30,047 | €32,791 | +€2,744 | +9.1% |
| Taxes, remuneration and social security | 45 | €19,169 | €31,313 | +€12,144 | +63.4% |
| Taxes | 450/3 | €19,169 | €31,313 | +€12,144 | +63.4% |
| Other amounts payable | 47/48 | €36,148 | €22,400 | -€13,748 | -38.0% |
| Accrued charges and deferred income | 492/3 | - | €2,334 | +€2,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,209 | €14,032 | +€8,823 | +169.4% |
| Other operating charges | 640/8 | €50 | €1,231 | +€1,181 | +2362.0% |
| Gross operating margin | 9900 | €96,209 | €129,778 | +€33,569 | +34.9% |
| Operating profit (loss) | 9901 | €90,950 | €114,515 | +€23,565 | +25.9% |
| Financial income | 75/76B | €153 | €457 | +€303 | +197.7% |
| Recurring financial income | 75 | €153 | €457 | +€303 | +197.7% |
| Financial charges | 65/66B | €1,010 | €4,138 | +€3,128 | +309.7% |
| Recurring financial charges | 65 | €1,010 | €4,138 | +€3,128 | +309.7% |
| Profit (loss) for the period before taxes | 9903 | €90,094 | €110,834 | +€20,740 | +23.0% |
| Income taxes | 67/77 | €18,263 | €24,282 | +€6,019 | +33.0% |
| Profit (loss) for the period | 9904 | €71,831 | €86,552 | +€14,722 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,831 | €86,552 | +€14,722 | +20.5% |
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 28 September 2026 via checked.be.