FLEXY: 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.
FLEXY
Largest movements
- Cash -€584,640
down €584,640 (-71.8%), from €813,782 to €229,142
mainly Receivables after one year (-€407,536) and Receivables within one year (-€92,325)
- Receivables after one year +€407,536
new in 2025: €407,536
- Receivables within one year +€92,325
up €92,325 (+20.2%), from €456,145 to €548,470
of which Trade receivables: +€91,172
- Reserves +€400,000
up €400,000 (+3372.7%), from €11,860 to €411,860
- Profit (loss) carried forward -€327,628
down €327,628 (-75.5%), from €434,051 to €106,423
- Debts after one year -€60,955
down €60,955 (-15.9%), from €383,542 to €322,587
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Trade debts -€48,347
down €48,347 (-10.9%), from €443,364 to €395,018
- Gross operating margin -€469,967
down €469,967 (-81.3%), from €578,179 to €108,213
- Taxes -€124,707
down €124,707 (-82.8%), from €150,580 to €25,872
- Financial charges -€14,624
down €14,624 (-42.0%), from €34,822 to €20,198
- Financial income +€6,174
up €6,174 (+101.0%), from €6,114 to €12,287
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,677,590 | €1,594,089 | -€83,501 | -5.0% |
| Fixed assets | 21/28 | €407,664 | €408,941 | +€1,277 | +0.3% |
| Tangible fixed assets | 22/27 | €1,884 | €3,161 | +€1,277 | +67.8% |
| Plant, machinery and equipment | 23 | €1,301 | €2,909 | +€1,608 | +123.6% |
| Furniture and vehicles | 24 | €583 | €252 | -€331 | -56.7% |
| Financial fixed assets | 28 | €405,780 | €405,780 | = | 0.0% |
| Current assets | 29/58 | €1,269,927 | €1,185,148 | -€84,779 | -6.7% |
| Amounts receivable after more than one year | 29 | - | €407,536 | +€407,536 | |
| Other amounts receivable | 291 | - | €407,536 | +€407,536 | |
| Amounts receivable within one year | 40/41 | €456,145 | €548,470 | +€92,325 | +20.2% |
| Trade receivables | 40 | €455,752 | €546,923 | +€91,172 | +20.0% |
| Other amounts receivable | 41 | €393 | €1,547 | +€1,154 | +293.6% |
| Cash at bank and in hand | 54/58 | €813,782 | €229,142 | -€584,640 | -71.8% |
| Total equity and liabilities | 10/49 | €1,677,590 | €1,594,089 | -€83,501 | -5.0% |
| Equity | 10/15 | €564,511 | €636,883 | +€72,372 | +12.8% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Capital | 10 | €118,600 | €118,600 | = | 0.0% |
| Issued capital | 100 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €411,860 | +€400,000 | +3372.7% |
| Non-distributable reserves | 130/1 | €11,860 | €411,860 | +€400,000 | +3372.7% |
| Legal reserve | 130 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €400,000 | +€400,000 | |
| Profit (loss) carried forward | 14 | €434,051 | €106,423 | -€327,628 | -75.5% |
| Amounts payable | 17/49 | €1,113,079 | €957,206 | -€155,873 | -14.0% |
| Amounts payable after more than one year | 17 | €383,542 | €322,587 | -€60,955 | -15.9% |
| Financial debts | 170/4 | €383,542 | €322,587 | -€60,955 | -15.9% |
| Amounts payable within one year | 42/48 | €729,537 | €634,219 | -€95,318 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €77,246 | €80,689 | +€3,443 | +4.5% |
| Trade debts | 44 | €443,364 | €395,018 | -€48,347 | -10.9% |
| Suppliers | 440/4 | €443,364 | €395,018 | -€48,347 | -10.9% |
| Taxes, remuneration and social security | 45 | €158,927 | €158,513 | -€414 | -0.3% |
| Taxes | 450/3 | €158,927 | €158,513 | -€414 | -0.3% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €1,659 | +€718 | +76.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,400 | - | -€1,400 | |
| Other operating charges | 640/8 | €640 | €400 | -€240 | -37.5% |
| Gross operating margin | 9900 | €578,179 | €108,213 | -€469,967 | -81.3% |
| Operating profit (loss) | 9901 | €575,199 | €106,154 | -€469,045 | -81.5% |
| Financial income | 75/76B | €6,114 | €12,287 | +€6,174 | +101.0% |
| Recurring financial income | 75 | €6,114 | €12,287 | +€6,174 | +101.0% |
| Financial charges | 65/66B | €34,822 | €20,198 | -€14,624 | -42.0% |
| Recurring financial charges | 65 | €34,822 | €20,198 | -€14,624 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €546,491 | €98,244 | -€448,247 | -82.0% |
| Income taxes | 67/77 | €150,580 | €25,872 | -€124,707 | -82.8% |
| Profit (loss) for the period | 9904 | €395,912 | €72,372 | -€323,540 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €395,912 | €72,372 | -€323,540 | -81.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.