FLEXXLEX: 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.
FLEXXLEX
Largest movements
- Cash -€84,864
down €84,864 (-57.4%), from €147,961 to €63,098
mainly Contributions, distributions and other (-€106,089) and Investment in fixed assets (net) (-€46,132)
- Tangible fixed assets +€37,377
up €37,377 (+462.1%), from €8,089 to €45,466
of which Furniture and vehicles: +€37,045
- Deferred charges and accrued income +€3,311
up €3,311 (+62.4%), from €5,304 to €8,616
- Receivables within one year -€2,278
down €2,278 (-8.4%), from €27,196 to €24,918
of which Trade receivables: -€2,362
- Other debts -€34,919
down €34,919 (-26.9%), from €129,937 to €95,018
- Tax, wage and social debts -€10,439
down €10,439 (-29.8%), from €35,047 to €24,607
- Depreciation -€6,062
down €6,062 (-40.9%), from €14,817 to €8,755
- Taxes +€1,902
up €1,902 (+6.8%), from €28,032 to €29,934
- Gross operating margin +€1,789
up €1,789 (+1.2%), from €143,732 to €145,522
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.
Cash bridge derived
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 | €188,551 | €142,097 | -€46,454 | -24.6% |
| Fixed assets | 21/28 | €8,089 | €45,466 | +€37,377 | +462.1% |
| Tangible fixed assets | 22/27 | €8,089 | €45,466 | +€37,377 | +462.1% |
| Land and buildings | 22 | €3,923 | €3,202 | -€720 | -18.4% |
| Plant, machinery and equipment | 23 | €2,320 | €3,372 | +€1,052 | +45.4% |
| Furniture and vehicles | 24 | €1,847 | €38,892 | +€37,045 | +2005.9% |
| Current assets | 29/58 | €180,462 | €96,631 | -€83,831 | -46.5% |
| Amounts receivable within one year | 40/41 | €27,196 | €24,918 | -€2,278 | -8.4% |
| Trade receivables | 40 | €27,126 | €24,764 | -€2,362 | -8.7% |
| Other amounts receivable | 41 | €69 | €153 | +€84 | +121.1% |
| Cash at bank and in hand | 54/58 | €147,961 | €63,098 | -€84,864 | -57.4% |
| Deferred charges and accrued income | 490/1 | €5,304 | €8,616 | +€3,311 | +62.4% |
| Total equity and liabilities | 10/49 | €188,551 | €142,097 | -€46,454 | -24.6% |
| Equity | 10/15 | €22,000 | €22,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €166,551 | €120,097 | -€46,454 | -27.9% |
| Amounts payable within one year | 42/48 | €166,551 | €120,097 | -€46,454 | -27.9% |
| Trade debts | 44 | €1,567 | €472 | -€1,095 | -69.9% |
| Suppliers | 440/4 | €1,567 | €472 | -€1,095 | -69.9% |
| Taxes, remuneration and social security | 45 | €35,047 | €24,607 | -€10,439 | -29.8% |
| Taxes | 450/3 | €35,047 | €24,607 | -€10,439 | -29.8% |
| Other amounts payable | 47/48 | €129,937 | €95,018 | -€34,919 | -26.9% |
| Non-recurring operating income | 76A | €2,686 | €0 | -€2,686 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,817 | €8,755 | -€6,062 | -40.9% |
| Other operating charges | 640/8 | €540 | €948 | +€407 | +75.4% |
| Gross operating margin | 9900 | €143,732 | €145,522 | +€1,789 | +1.2% |
| Operating profit (loss) | 9901 | €128,375 | €135,819 | +€7,444 | +5.8% |
| Financial income | 75/76B | €340 | €291 | -€49 | -14.4% |
| Recurring financial income | 75 | €340 | €291 | -€49 | -14.4% |
| Financial charges | 65/66B | €89 | €88 | -€1 | -0.6% |
| Recurring financial charges | 65 | €89 | €88 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €128,626 | €136,022 | +€7,396 | +5.7% |
| Income taxes | 67/77 | €28,032 | €29,934 | +€1,902 | +6.8% |
| Profit (loss) for the period | 9904 | €100,594 | €106,089 | +€5,494 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,594 | €106,089 | +€5,494 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.