FleXXimum R & D: 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.
FleXXimum R & D
Largest movements
- Current investments +€210,000
new in 2025: €210,000
- Cash -€187,115
down €187,115 (-87.7%), from €213,422 to €26,307
mainly Current investments (-€210,000) and Deferred charges and accrued income (-€4,641)
- Receivables after one year -€12,143
down €12,143 (-41.3%), from €29,419 to €17,276
- Receivables within one year -€7,310
down €7,310 (-16.3%), from €44,743 to €37,433
of which Trade receivables: -€6,163
- Deferred charges and accrued income +€4,641
new in 2025: €4,641
- Other debts +€4,706
up €4,706 (+5,260%), from €89 to €4,796
- Financial charges -€762,580
down €762,580 (-99.8%), from €764,064 to €1,484
of which Non-recurring financial charges: -€761,499
- Gross operating margin -€40,992
down €40,992 (-86.5%), from €47,413 to €6,421
- Taxes -€10,605
down €10,605 (-91.0%), from €11,651 to €1,046
- Write-downs +€6,000
new in 2025: €6,000
- Financial income +€3,422
up €3,422 (+138%), from €2,488 to €5,910
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 | €288,108 | €295,910 | +€7,802 | +2.7% |
| Fixed assets | 21/28 | €524 | €253 | -€271 | -51.7% |
| Tangible fixed assets | 22/27 | €524 | €253 | -€271 | -51.7% |
| Furniture and vehicles | 24 | €524 | €253 | -€271 | -51.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €287,583 | €295,657 | +€8,073 | +2.8% |
| Amounts receivable after more than one year | 29 | €29,419 | €17,276 | -€12,143 | -41.3% |
| Other amounts receivable | 291 | €29,419 | €17,276 | -€12,143 | -41.3% |
| Amounts receivable within one year | 40/41 | €44,743 | €37,433 | -€7,310 | -16.3% |
| Trade receivables | 40 | €7,423 | €1,260 | -€6,163 | -83.0% |
| Other amounts receivable | 41 | €37,320 | €36,173 | -€1,147 | -3.1% |
| Current investments | 50/53 | - | €210,000 | +€210,000 | |
| Cash at bank and in hand | 54/58 | €213,422 | €26,307 | -€187,115 | -87.7% |
| Deferred charges and accrued income | 490/1 | - | €4,641 | +€4,641 | |
| Total equity and liabilities | 10/49 | €288,108 | €295,910 | +€7,802 | +2.7% |
| Equity | 10/15 | €268,287 | €270,818 | +€2,532 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,075 | €352,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €352,075 | €352,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,389 | -€99,857 | +€2,532 | +2.5% |
| Amounts payable | 17/49 | €19,821 | €25,092 | +€5,271 | +26.6% |
| Amounts payable after more than one year | 17 | €15,400 | €15,400 | = | 0.0% |
| Financial debts | 170/4 | €15,400 | €15,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,151 | €5,762 | +€3,611 | +168% |
| Trade debts | 44 | €376 | €424 | +€48 | +12.8% |
| Suppliers | 440/4 | €376 | €424 | +€48 | +12.8% |
| Taxes, remuneration and social security | 45 | €1,685 | €542 | -€1,143 | -67.8% |
| Taxes | 450/3 | €1,685 | €542 | -€1,143 | -67.8% |
| Other amounts payable | 47/48 | €89 | €4,796 | +€4,706 | +5,260% |
| Accrued charges and deferred income | 492/3 | €2,270 | €3,930 | +€1,660 | +73.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €271 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €47,413 | €6,421 | -€40,992 | -86.5% |
| Operating profit (loss) | 9901 | €46,174 | -€849 | -€47,023 | |
| Financial income | 75/76B | €2,488 | €5,910 | +€3,422 | +138% |
| Recurring financial income | 75 | €2,488 | €5,910 | +€3,422 | +138% |
| Financial charges | 65/66B | €764,064 | €1,484 | -€762,580 | -99.8% |
| Recurring financial charges | 65 | €2,565 | €1,484 | -€1,081 | -42.1% |
| Non-recurring financial charges | 66B | €761,499 | €0 | -€761,499 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€715,402 | €3,577 | +€718,979 | |
| Income taxes | 67/77 | €11,651 | €1,046 | -€10,605 | -91.0% |
| Profit (loss) for the period | 9904 | -€727,053 | €2,532 | +€729,584 | |
| Profit (loss) for the period to be appropriated | 9905 | -€727,053 | €2,532 | +€729,584 |
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 31 October 2026 via checked.be.