FLEXVISION: 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.
FLEXVISION
Largest movements
- Cash -€163,608
down €163,608 (-41.9%), from €390,603 to €226,996
mainly Trade debts (-€121,723) and Contributions, distributions and other (-€47,403)
- Intangible fixed assets +€29,984
new in 2025: €29,984
- Tangible fixed assets -€23,203
down €23,203 (-11.5%), from €201,293 to €178,091
of which Land and buildings: -€23,515
- Trade debts -€121,723
down €121,723 (-66.4%), from €183,252 to €61,529
- Reserves -€26,615
down €26,615 (-10.4%), from €255,635 to €229,020
- Debts after one year -€25,827
down €25,827 (-13.7%), from €188,255 to €162,428
- Other debts +€16,744
up €16,744 (+55.7%), from €30,076 to €46,821
- Short-term financial debts +€11,835
up €11,835 (+189%), from €6,266 to €18,102
- Gross operating margin -€71,564
down €71,564 (-18.9%), from €379,427 to €307,863
- Staff costs -€24,951
down €24,951 (-9.8%), from €253,565 to €228,614
- Taxes -€9,171
down €9,171 (-41.4%), from €22,149 to €12,978
- Other operating charges -€7,324
down €7,324 (-43.9%), from €16,690 to €9,366
- Write-downs -€4,616
down €4,616 (-80.6%), from €5,729 to €1,113
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 | €882,364 | €734,320 | -€148,044 | -16.8% |
| Fixed assets | 21/28 | €201,293 | €208,074 | +€6,781 | +3.4% |
| Intangible fixed assets | 21 | - | €29,984 | +€29,984 | |
| Tangible fixed assets | 22/27 | €201,293 | €178,091 | -€23,203 | -11.5% |
| Land and buildings | 22 | €189,686 | €166,171 | -€23,515 | -12.4% |
| Plant, machinery and equipment | 23 | €7,425 | €5,775 | -€1,650 | -22.2% |
| Furniture and vehicles | 24 | €4,183 | €6,145 | +€1,962 | +46.9% |
| Current assets | 29/58 | €681,071 | €526,246 | -€154,825 | -22.7% |
| Amounts receivable within one year | 40/41 | €273,467 | €280,286 | +€6,818 | +2.5% |
| Trade receivables | 40 | €270,133 | €264,803 | -€5,330 | -2.0% |
| Other amounts receivable | 41 | €3,334 | €15,483 | +€12,149 | +364% |
| Cash at bank and in hand | 54/58 | €390,603 | €226,996 | -€163,608 | -41.9% |
| Deferred charges and accrued income | 490/1 | €17,000 | €18,965 | +€1,965 | +11.6% |
| Total equity and liabilities | 10/49 | €882,364 | €734,320 | -€148,044 | -16.8% |
| Equity | 10/15 | €398,218 | €370,200 | -€28,018 | -7.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €255,635 | €229,020 | -€26,615 | -10.4% |
| Distributable reserves | 133 | €255,635 | €229,020 | -€26,615 | -10.4% |
| Profit (loss) carried forward | 14 | €123,715 | €123,715 | = | 0.0% |
| Investment grants | 15 | €12,468 | €11,065 | -€1,403 | -11.3% |
| Amounts payable | 17/49 | €484,146 | €364,120 | -€120,026 | -24.8% |
| Amounts payable after more than one year | 17 | €188,255 | €162,428 | -€25,827 | -13.7% |
| Financial debts | 170/4 | €188,255 | €162,428 | -€25,827 | -13.7% |
| Amounts payable within one year | 42/48 | €295,891 | €201,692 | -€94,199 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €27,021 | €25,827 | -€1,195 | -4.4% |
| Financial debts | 43 | €6,266 | €18,102 | +€11,835 | +189% |
| Credit institutions | 430/8 | €6,266 | €18,102 | +€11,835 | +189% |
| Trade debts | 44 | €183,252 | €61,529 | -€121,723 | -66.4% |
| Suppliers | 440/4 | €183,252 | €61,529 | -€121,723 | -66.4% |
| Taxes, remuneration and social security | 45 | €49,275 | €49,413 | +€139 | +0.3% |
| Taxes | 450/3 | €24,867 | €21,825 | -€3,042 | -12.2% |
| Remuneration and social security | 454/9 | €24,407 | €27,588 | +€3,181 | +13.0% |
| Other amounts payable | 47/48 | €30,076 | €46,821 | +€16,744 | +55.7% |
| Remuneration, social security and pensions | 62 | €253,565 | €228,614 | -€24,951 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,844 | €29,011 | -€833 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,729 | €1,113 | -€4,616 | -80.6% |
| Other operating charges | 640/8 | €16,690 | €9,366 | -€7,324 | -43.9% |
| Gross operating margin | 9900 | €379,427 | €307,863 | -€71,564 | -18.9% |
| Operating profit (loss) | 9901 | €73,599 | €39,759 | -€33,840 | -46.0% |
| Financial income | 75/76B | €1,543 | €1,403 | -€140 | -9.1% |
| Recurring financial income | 75 | €1,543 | €1,403 | -€140 | -9.1% |
| Financial charges | 65/66B | €9,718 | €8,799 | -€919 | -9.5% |
| Recurring financial charges | 65 | €9,718 | €8,799 | -€919 | -9.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €65,424 | €32,363 | -€33,062 | -50.5% |
| Income taxes | 67/77 | €22,149 | €12,978 | -€9,171 | -41.4% |
| Profit (loss) for the period | 9904 | €43,275 | €19,385 | -€23,891 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,275 | €19,385 | -€23,891 | -55.2% |
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 21 October 2026 via checked.be.