FLEXWEB: 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.
What changed
FLEXWEB
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€183,121
2024 · €1.7m-€1.6m
Equity
€2.6m
2024 · €3.0m-€358,216
Cash
€296,208
2024 · €313,997-€17,788
Balance sheet total
€3.7m
2024 · €4.3m-€601,736
Largest movements
Assets
- Receivables after one year -€360,000
down €360,000 (-60.0%), from €600,000 to €240,000
of which Other amounts receivable: -€260,000
- Tangible fixed assets -€105,490
down €105,490 (-16.3%), from €646,396 to €540,906
- Current investments -€67,500
down €67,500 (-100%), from €67,500 to €0
- Receivables within one year -€60,279
down €60,279 (-80.4%), from €74,929 to €14,651
of which Trade receivables: -€57,003
Equity and liabilities
- Reserves -€357,914
down €357,914 (-11.9%), from €3.0m to €2.6m
- Debts after one year -€184,378
down €184,378 (-25.6%), from €720,773 to €536,395
- Tax, wage and social debts -€43,619
down €43,619 (-13.2%), from €330,113 to €286,495
of which Taxes: -€39,933
Income statement
- Gross operating margin -€2.2m
down €2.2m (-86.2%), from €2.6m to €354,780
- Taxes -€611,434
down €611,434 (-88.1%), from €694,283 to €82,848
- Staff costs -€30,649
down €30,649 (-90.6%), from €33,843 to €3,194
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.
Result 2024
€1.7m
Gross operating margin
-€2.2m
Staff costs
+€30,649
Depreciation
-€8,277
Other operating charges
-€1,274
Other operating items
+€7,036
Financial income
+€16,341
Financial charges
-€1,759
Taxes
+€611,434
Result 2025
€183,121
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€634,151
Investment
+€63,733
Financing
-€715,672
Cash 2024
€313,997
From operations (derived)
+€634,151
Net result for the year
+€183,121
Depreciation
+€107,817
Receivables after one year
+€360,000
Stocks and contracts
+€2,000
Receivables within one year
+€60,279
Deferred charges and accrued income
-€9,881
Trade debts
-€8,977
Tax, wage and social debts
-€43,619
Advances received
-€21,590
Other debts
+€5,000
Investment (derived)
+€63,733
Investment in fixed assets (net)
-€3,767
Current investments
+€67,500
Financing
-€715,672
Debts after one year
-€184,378
Current portion of long-term debt
+€6,065
Short-term financial debts
+€3,977
Contributions, distributions and other
-€541,337
Cash 2025
€296,208
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,283,396 | €3,681,659 | -€601,736 | -14.0% |
| Fixed assets | 21/28 | €3,181,396 | €3,077,346 | -€104,050 | -3.3% |
| Tangible fixed assets | 22/27 | €646,396 | €540,906 | -€105,490 | -16.3% |
| Land and buildings | 22 | €429,692 | €379,611 | -€50,081 | -11.7% |
| Plant, machinery and equipment | 23 | €26,637 | €19,439 | -€7,198 | -27.0% |
| Furniture and vehicles | 24 | €190,068 | €141,857 | -€48,211 | -25.4% |
| Financial fixed assets | 28 | €2,535,000 | €2,536,440 | +€1,440 | +0.1% |
| Current assets | 29/58 | €1,101,999 | €604,313 | -€497,686 | -45.2% |
| Amounts receivable after more than one year | 29 | €600,000 | €240,000 | -€360,000 | -60.0% |
| Trade receivables | 290 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €500,000 | €240,000 | -€260,000 | -52.0% |
| Stocks and contracts in progress | 3 | €2,000 | €0 | -€2,000 | -100% |
| Stocks | 30/36 | €2,000 | €0 | -€2,000 | -100% |
| Amounts receivable within one year | 40/41 | €74,929 | €14,651 | -€60,279 | -80.4% |
| Trade receivables | 40 | €62,906 | €5,903 | -€57,003 | -90.6% |
| Other amounts receivable | 41 | €12,024 | €8,747 | -€3,276 | -27.2% |
| Current investments | 50/53 | €67,500 | €0 | -€67,500 | -100% |
| Cash at bank and in hand | 54/58 | €313,997 | €296,208 | -€17,788 | -5.7% |
| Deferred charges and accrued income | 490/1 | €43,573 | €53,454 | +€9,881 | +22.7% |
| Total equity and liabilities | 10/49 | €4,283,396 | €3,681,659 | -€601,736 | -14.0% |
| Equity | 10/15 | €3,002,285 | €2,644,069 | -€358,216 | -11.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €3,000,983 | €2,643,069 | -€357,914 | -11.9% |
| Distributable reserves | 133 | €3,000,983 | €2,643,069 | -€357,914 | -11.9% |
| Profit (loss) carried forward | 14 | €302 | €0 | -€302 | -100% |
| Amounts payable | 17/49 | €1,281,111 | €1,037,590 | -€243,521 | -19.0% |
| Amounts payable after more than one year | 17 | €720,773 | €536,395 | -€184,378 | -25.6% |
| Financial debts | 170/4 | €720,773 | €536,395 | -€184,378 | -25.6% |
| Amounts payable within one year | 42/48 | €560,338 | €501,195 | -€59,143 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €178,313 | €184,378 | +€6,065 | +3.4% |
| Financial debts | 43 | €837 | €4,814 | +€3,977 | +475% |
| Credit institutions | 430/8 | €837 | €4,814 | +€3,977 | +475% |
| Trade debts | 44 | €11,573 | €2,596 | -€8,977 | -77.6% |
| Suppliers | 440/4 | €11,573 | €2,596 | -€8,977 | -77.6% |
| Advances received on contracts in progress | 46 | €39,503 | €17,913 | -€21,590 | -54.7% |
| Taxes, remuneration and social security | 45 | €330,113 | €286,495 | -€43,619 | -13.2% |
| Taxes | 450/3 | €322,460 | €282,528 | -€39,933 | -12.4% |
| Remuneration and social security | 454/9 | €7,653 | €3,967 | -€3,686 | -48.2% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €33,843 | €3,194 | -€30,649 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,540 | €107,817 | +€8,277 | +8.3% |
| Other operating charges | 640/8 | €3,418 | €4,691 | +€1,274 | +37.3% |
| Non-recurring operating charges | 66A | €7,036 | €0 | -€7,036 | -100% |
| Gross operating margin | 9900 | €2,571,207 | €354,780 | -€2.2m | -86.2% |
| Operating profit (loss) | 9901 | €2,427,370 | €239,078 | -€2.2m | -90.2% |
| Financial income | 75/76B | €37,594 | €53,934 | +€16,341 | +43.5% |
| Recurring financial income | 75 | €37,594 | €53,934 | +€16,341 | +43.5% |
| Financial charges | 65/66B | €25,283 | €27,042 | +€1,759 | +7.0% |
| Recurring financial charges | 65 | €25,283 | €27,042 | +€1,759 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €2,439,680 | €265,970 | -€2.2m | -89.1% |
| Income taxes | 67/77 | €694,283 | €82,848 | -€611,434 | -88.1% |
| Profit (loss) for the period | 9904 | €1,745,397 | €183,121 | -€1.6m | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,745,397 | €183,121 | -€1.6m | -89.5% |
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 26 October 2026 via checked.be.