KFLEX SERVICES BELGIUM: 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.
KFLEX SERVICES BELGIUM
Largest movements
- Receivables within one year -€34,416
down €34,416 (-18.3%), from €188,145 to €153,729
of which Trade receivables: -€51,482
- Tangible fixed assets -€12,883
down €12,883 (-30.4%), from €42,359 to €29,476
of which Plant, machinery and equipment: -€11,247
- Cash +€10,843
up €10,843 (+19.2%), from €56,570 to €67,413
mainly Receivables within one year (+€34,416) and Net result for the year (+€31,908)
- Deferred charges and accrued income -€6,068
down €6,068 (-93.7%), from €6,479 to €411
- Trade debts -€39,318
down €39,318 (-89.9%), from €43,723 to €4,405
- Reserves +€31,908
up €31,908 (+20.5%), from €155,518 to €187,426
- Debts after one year -€24,840
down €24,840 (-47.7%), from €52,102 to €27,261
- Tax, wage and social debts -€15,339
down €15,339 (-49.3%), from €31,132 to €15,793
of which Taxes: -€9,636
- Depreciation -€5,389
down €5,389 (-24.3%), from €22,154 to €16,765
- Other operating charges +€4,501
up €4,501 (+252%), from €1,784 to €6,285
- Financial income +€4,443
up €4,443 (+1,181%), from €376 to €4,819
of which Non-recurring financial income: +€4,484
- Taxes +€3,274
up €3,274 (+39.2%), from €8,344 to €11,618
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 | €369,404 | €323,411 | -€45,993 | -12.5% |
| Fixed assets | 21/28 | €60,522 | €45,994 | -€14,528 | -24.0% |
| Intangible fixed assets | 21 | €6,393 | €4,748 | -€1,644 | -25.7% |
| Tangible fixed assets | 22/27 | €42,359 | €29,476 | -€12,883 | -30.4% |
| Plant, machinery and equipment | 23 | €31,723 | €20,476 | -€11,247 | -35.5% |
| Furniture and vehicles | 24 | €10,111 | €8,650 | -€1,461 | -14.5% |
| Other tangible fixed assets | 26 | €524 | €349 | -€175 | -33.3% |
| Financial fixed assets | 28 | €11,770 | €11,770 | = | 0.0% |
| Current assets | 29/58 | €308,882 | €277,417 | -€31,465 | -10.2% |
| Stocks and contracts in progress | 3 | €57,688 | €55,864 | -€1,824 | -3.2% |
| Stocks | 30/36 | €57,688 | €55,864 | -€1,824 | -3.2% |
| Amounts receivable within one year | 40/41 | €188,145 | €153,729 | -€34,416 | -18.3% |
| Trade receivables | 40 | €166,455 | €114,973 | -€51,482 | -30.9% |
| Other amounts receivable | 41 | €21,690 | €38,756 | +€17,066 | +78.7% |
| Cash at bank and in hand | 54/58 | €56,570 | €67,413 | +€10,843 | +19.2% |
| Deferred charges and accrued income | 490/1 | €6,479 | €411 | -€6,068 | -93.7% |
| Total equity and liabilities | 10/49 | €369,404 | €323,411 | -€45,993 | -12.5% |
| Equity | 10/15 | €198,936 | €230,844 | +€31,908 | +16.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €155,518 | €187,426 | +€31,908 | +20.5% |
| Distributable reserves | 133 | €155,518 | €187,426 | +€31,908 | +20.5% |
| Profit (loss) carried forward | 14 | €13,418 | €13,418 | = | 0.0% |
| Amounts payable | 17/49 | €170,467 | €92,567 | -€77,901 | -45.7% |
| Amounts payable after more than one year | 17 | €52,102 | €27,261 | -€24,840 | -47.7% |
| Financial debts | 170/4 | €52,102 | €27,261 | -€24,840 | -47.7% |
| Amounts payable within one year | 42/48 | €116,045 | €61,923 | -€54,122 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €41,190 | €41,400 | +€210 | +0.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €43,723 | €4,405 | -€39,318 | -89.9% |
| Suppliers | 440/4 | €43,723 | €4,405 | -€39,318 | -89.9% |
| Taxes, remuneration and social security | 45 | €31,132 | €15,793 | -€15,339 | -49.3% |
| Taxes | 450/3 | €9,754 | €118 | -€9,636 | -98.8% |
| Remuneration and social security | 454/9 | €21,379 | €15,675 | -€5,703 | -26.7% |
| Other amounts payable | 47/48 | €0 | €325 | +€325 | |
| Accrued charges and deferred income | 492/3 | €2,321 | €3,383 | +€1,062 | +45.8% |
| Non-recurring operating income | 76A | €57 | €0 | -€57 | -100% |
| Remuneration, social security and pensions | 62 | €209,300 | €208,696 | -€604 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,154 | €16,765 | -€5,389 | -24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €124 | +€124 | |
| Other operating charges | 640/8 | €1,784 | €6,285 | +€4,501 | +252% |
| Gross operating margin | 9900 | €274,388 | €276,168 | +€1,780 | +0.6% |
| Operating profit (loss) | 9901 | €41,150 | €44,298 | +€3,148 | +7.7% |
| Financial income | 75/76B | €376 | €4,819 | +€4,443 | +1,181% |
| Recurring financial income | 75 | €376 | €336 | -€41 | -10.8% |
| Non-recurring financial income | 76B | - | €4,484 | +€4,484 | |
| Financial charges | 65/66B | €4,059 | €5,591 | +€1,532 | +37.7% |
| Recurring financial charges | 65 | €4,059 | €5,591 | +€1,532 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €37,467 | €43,526 | +€6,059 | +16.2% |
| Income taxes | 67/77 | €8,344 | €11,618 | +€3,274 | +39.2% |
| Profit (loss) for the period | 9904 | €29,123 | €31,908 | +€2,785 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,123 | €31,908 | +€2,785 | +9.6% |
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 26 October 2026 via checked.be.