Flexwerk: 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.
Flexwerk
Largest movements
- Cash +€22,523
up €22,523 (+839%), from €2,685 to €25,208
mainly Other debts (+€46,965) and Tax, wage and social debts (+€21,265)
- Receivables within one year -€6,005
down €6,005 (-6.9%), from €86,633 to €80,628
of which Trade receivables: -€5,052
- Tangible fixed assets +€1,829
up €1,829 (+13.2%), from €13,845 to €15,674
of which Furniture and vehicles: +€2,282
- Trade debts -€58,618
down €58,618 (-97.1%), from €60,363 to €1,746
- Other debts +€46,965
up €46,965 (+184%), from €25,569 to €72,534
- Tax, wage and social debts +€21,265
up €21,265 (+721%), from €2,951 to €24,216
of which Remuneration and social security: +€18,678
- Profit (loss) carried forward +€9,079
up €9,079 (+483%), from €1,880 to €10,959
- Gross operating margin +€43,025
up €43,025 (+174%), from €24,778 to €67,803
- Staff costs +€37,718
up €37,718 (+414%), from €9,101 to €46,819
- Turnover +€24,328
up €24,328 (+17.3%), from €141,012 to €165,340
- Purchases and services -€18,697
down €18,697 (-16.1%), from €116,234 to €97,537
- Taxes +€2,014
up €2,014 (+90.9%), from €2,216 to €4,229
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,163 | €121,855 | +€18,692 | +18.1% |
| Fixed assets | 21/28 | €13,845 | €15,674 | +€1,829 | +13.2% |
| Tangible fixed assets | 22/27 | €13,845 | €15,674 | +€1,829 | +13.2% |
| Plant, machinery and equipment | 23 | €907 | €453 | -€453 | -50.0% |
| Furniture and vehicles | 24 | €12,938 | €15,221 | +€2,282 | +17.6% |
| Current assets | 29/58 | €89,318 | €106,181 | +€16,863 | +18.9% |
| Amounts receivable within one year | 40/41 | €86,633 | €80,628 | -€6,005 | -6.9% |
| Trade receivables | 40 | €85,452 | €80,400 | -€5,052 | -5.9% |
| Other amounts receivable | 41 | €1,182 | €229 | -€953 | -80.6% |
| Cash at bank and in hand | 54/58 | €2,685 | €25,208 | +€22,523 | +839% |
| Deferred charges and accrued income | 490/1 | - | €344 | +€344 | |
| Total equity and liabilities | 10/49 | €103,163 | €121,855 | +€18,692 | +18.1% |
| Equity | 10/15 | €14,280 | €23,359 | +€9,079 | +63.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | €1,880 | €10,959 | +€9,079 | +483% |
| Amounts payable | 17/49 | €88,883 | €98,496 | +€9,613 | +10.8% |
| Amounts payable within one year | 42/48 | €88,883 | €98,496 | +€9,613 | +10.8% |
| Trade debts | 44 | €60,363 | €1,746 | -€58,618 | -97.1% |
| Suppliers | 440/4 | €60,363 | €1,746 | -€58,618 | -97.1% |
| Taxes, remuneration and social security | 45 | €2,951 | €24,216 | +€21,265 | +721% |
| Taxes | 450/3 | €2,216 | €4,803 | +€2,587 | +117% |
| Remuneration and social security | 454/9 | €735 | €19,414 | +€18,678 | +2,540% |
| Other amounts payable | 47/48 | €25,569 | €72,534 | +€46,965 | +184% |
| Turnover | 70 | €141,012 | €165,340 | +€24,328 | +17.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €116,234 | €97,537 | -€18,697 | -16.1% |
| Remuneration, social security and pensions | 62 | €9,101 | €46,819 | +€37,718 | +414% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,104 | €4,107 | -€997 | -19.5% |
| Other operating charges | 640/8 | €1,996 | €3,484 | +€1,487 | +74.5% |
| Gross operating margin | 9900 | €24,778 | €67,803 | +€43,025 | +174% |
| Operating profit (loss) | 9901 | €8,576 | €13,393 | +€4,817 | +56.2% |
| Financial charges | 65/66B | €84 | €85 | +€1 | +1.3% |
| Recurring financial charges | 65 | €84 | €85 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €8,492 | €13,308 | +€4,816 | +56.7% |
| Income taxes | 67/77 | €2,216 | €4,229 | +€2,014 | +90.9% |
| Profit (loss) for the period | 9904 | €6,277 | €9,079 | +€2,802 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,277 | €9,079 | +€2,802 | +44.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.