FLEXXUM: 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.
FLEXXUM
Largest movements
- Tangible fixed assets +€2.9m
up €2.9m (+38.1%), from €7.6m to €10.5m
of which Leasing and similar rights: +€9.2m
- Receivables within one year +€336,602
up €336,602 (+394.3%), from €85,362 to €421,964
of which Trade receivables: +€313,883
- Cash +€221,997
up €221,997 (+334.7%), from €66,327 to €288,324
mainly Debts after one year (+€4.1m) and Depreciation (+€508,589)
- Debts after one year +€4.1m
up €4.1m (+68.2%), from €6.0m to €10.1m
- Trade debts -€1.3m
down €1.3m (-73.7%), from €1.8m to €476,169
- Current portion of long-term debt +€421,564
new in 2025: €421,564
- Profit (loss) carried forward +€121,669
up €121,669 (+37.1%), from -€328,380 to -€206,711
- Gross operating margin +€10.3m
up €10.3m, from -€16,201 to €10.3m
- Depreciation +€452,587
up €452,587 (+808.2%), from €56,002 to €508,589
- Financial charges +€379,238
up €379,238 (+406.6%), from €93,263 to €472,501
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 | €7,750,075 | €11,196,195 | +€3.4m | +44.5% |
| Fixed assets | 21/28 | €7,590,275 | €10,484,204 | +€2.9m | +38.1% |
| Tangible fixed assets | 22/27 | €7,590,275 | €10,484,204 | +€2.9m | +38.1% |
| Land and buildings | 22 | €1,257,968 | €0 | -€1.3m | -100.0% |
| Plant, machinery and equipment | 23 | - | €22,376 | +€22,376 | |
| Furniture and vehicles | 24 | - | €10,596 | +€10,596 | |
| Leasing and similar rights | 25 | - | €9,193,002 | +€9.2m | |
| Other tangible fixed assets | 26 | - | €1,258,231 | +€1.3m | |
| Assets under construction and advance payments | 27 | €6,332,306 | €0 | -€6.3m | -100.0% |
| Current assets | 29/58 | €159,801 | €711,991 | +€552,190 | +345.5% |
| Amounts receivable within one year | 40/41 | €85,362 | €421,964 | +€336,602 | +394.3% |
| Trade receivables | 40 | €0 | €313,883 | +€313,883 | |
| Other amounts receivable | 41 | €85,362 | €108,081 | +€22,719 | +26.6% |
| Cash at bank and in hand | 54/58 | €66,327 | €288,324 | +€221,997 | +334.7% |
| Deferred charges and accrued income | 490/1 | €8,112 | €1,703 | -€6,409 | -79.0% |
| Total equity and liabilities | 10/49 | €7,750,075 | €11,196,195 | +€3.4m | +44.5% |
| Equity | 10/15 | -€78,380 | €43,289 | +€121,669 | |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€328,380 | -€206,711 | +€121,669 | +37.1% |
| Amounts payable | 17/49 | €7,828,455 | €11,152,906 | +€3.3m | +42.5% |
| Amounts payable after more than one year | 17 | €6,020,577 | €10,124,949 | +€4.1m | +68.2% |
| Financial debts | 170/4 | €6,020,577 | €10,124,949 | +€4.1m | +68.2% |
| Amounts payable within one year | 42/48 | €1,807,879 | €1,027,957 | -€779,921 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | - | €421,564 | +€421,564 | |
| Trade debts | 44 | €1,807,879 | €476,169 | -€1.3m | -73.7% |
| Suppliers | 440/4 | €1,807,879 | €476,169 | -€1.3m | -73.7% |
| Taxes, remuneration and social security | 45 | €0 | €30,225 | +€30,225 | |
| Taxes | 450/3 | €0 | €30,225 | +€30,225 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Non-recurring operating income | 76A | - | €10,000,000 | +€10.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,002 | €508,589 | +€452,587 | +808.2% |
| Other operating charges | 640/8 | €0 | €1,908 | +€1,908 | |
| Non-recurring operating charges | 66A | - | €9,205,083 | +€9.2m | |
| Gross operating margin | 9900 | -€16,201 | €10,309,750 | +€10.3m | |
| Operating profit (loss) | 9901 | -€72,203 | €594,169 | +€666,372 | |
| Financial income | 75/76B | €375 | €0 | -€375 | -100.0% |
| Recurring financial income | 75 | €375 | €0 | -€375 | -100.0% |
| Financial charges | 65/66B | €93,263 | €472,501 | +€379,238 | +406.6% |
| Recurring financial charges | 65 | €93,263 | €472,501 | +€379,238 | +406.6% |
| Profit (loss) for the period before taxes | 9903 | -€165,091 | €121,669 | +€286,759 | |
| Profit (loss) for the period | 9904 | -€165,091 | €121,669 | +€286,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€165,091 | €121,669 | +€286,759 |
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 4 October 2026 via checked.be.