NORTHWEST FLAX: 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.
NORTHWEST FLAX
Largest movements
- Stocks and contracts -€592,340
no longer reported in 2025 (was €592,340)
- Receivables within one year +€314,089
up €314,089 (+48.7%), from €644,621 to €958,710
of which Trade receivables: +€592,281
- Cash +€48,912
up €48,912 (+124%), from €39,512 to €88,424
mainly Stocks and contracts (+€592,340) and Accrued charges and deferred income (+€52,040)
- Short-term financial debts -€230,000
down €230,000 (-15.5%), from €1.5m to €1.3m
- Accrued charges and deferred income +€52,040
up €52,040 (+2,015%), from €2,583 to €54,623
- Profit (loss) carried forward -€51,379
down €51,379 (-16.8%), from €306,388 to €255,009
- Gross operating margin +€7,698
up €7,698, from -€3,830 to €3,868
- Financial income -€4,174
down €4,174 (-55.7%), from €7,490 to €3,316
- Other operating charges -€1,484
down €1,484 (-50.0%), from €2,968 to €1,484
- Financial charges -€954
down €954 (-1.6%), from €58,033 to €57,079
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 | €2,115,059 | €1,885,720 | -€229,339 | -10.8% |
| Fixed assets | 21/28 | €838,586 | €838,586 | = | 0.0% |
| Financial fixed assets | 28 | €838,586 | €838,586 | = | 0.0% |
| Current assets | 29/58 | €1,276,473 | €1,047,134 | -€229,339 | -18.0% |
| Stocks and contracts in progress | 3 | €592,340 | - | -€592,340 | |
| Stocks | 30/36 | €592,340 | - | -€592,340 | |
| Amounts receivable within one year | 40/41 | €644,621 | €958,710 | +€314,089 | +48.7% |
| Trade receivables | 40 | €366,428 | €958,709 | +€592,281 | +162% |
| Other amounts receivable | 41 | €278,193 | €1 | -€278,192 | -100.0% |
| Cash at bank and in hand | 54/58 | €39,512 | €88,424 | +€48,912 | +124% |
| Total equity and liabilities | 10/49 | €2,115,059 | €1,885,720 | -€229,339 | -10.8% |
| Equity | 10/15 | €624,558 | €573,179 | -€51,379 | -8.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €256,197 | €256,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,388 | €255,009 | -€51,379 | -16.8% |
| Amounts payable | 17/49 | €1,490,501 | €1,312,541 | -€177,960 | -11.9% |
| Amounts payable within one year | 42/48 | €1,487,918 | €1,257,918 | -€230,000 | -15.5% |
| Financial debts | 43 | €1,484,000 | €1,254,000 | -€230,000 | -15.5% |
| Other loans | 439 | €1,484,000 | €1,254,000 | -€230,000 | -15.5% |
| Trade debts | 44 | - | €3,918 | +€3,918 | |
| Suppliers | 440/4 | - | €3,918 | +€3,918 | |
| Taxes, remuneration and social security | 45 | €3,918 | - | -€3,918 | |
| Taxes | 450/3 | €3,918 | - | -€3,918 | |
| Accrued charges and deferred income | 492/3 | €2,583 | €54,623 | +€52,040 | +2,015% |
| Other operating charges | 640/8 | €2,968 | €1,484 | -€1,484 | -50.0% |
| Gross operating margin | 9900 | -€3,830 | €3,868 | +€7,698 | |
| Operating profit (loss) | 9901 | -€6,798 | €2,384 | +€9,182 | |
| Financial income | 75/76B | €7,490 | €3,316 | -€4,174 | -55.7% |
| Recurring financial income | 75 | €7,490 | €3,316 | -€4,174 | -55.7% |
| Financial charges | 65/66B | €58,033 | €57,079 | -€954 | -1.6% |
| Recurring financial charges | 65 | €58,033 | €57,079 | -€954 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€57,341 | -€51,379 | +€5,962 | +10.4% |
| Profit (loss) for the period | 9904 | -€57,341 | -€51,379 | +€5,962 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,341 | -€51,379 | +€5,962 | +10.4% |
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 24 October 2026 via checked.be.