PREFLEXIBEL: 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.
What changed
PREFLEXIBEL
NACE 27.320, Manufacture of electrical equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €2.0m-€394,362
Equity
€6.9m
2024 · €7.0m-€133,659
Cash
€4.2m
2024 · €3.2m+€968,996
Balance sheet total
€24.3m
2024 · €23.4m+€837,330
Largest movements
Assets
- Cash +€968,996
up €968,996 (+30.1%), from €3.2m to €4.2m
mainly Trade debts (+€3.1m) and Net result for the year (+€1.6m)
- Stocks and contracts +€580,246
up €580,246 (+7.8%), from €7.4m to €8.0m
- Receivables within one year -€367,925
down €367,925 (-5.7%), from €6.5m to €6.1m
of which Other amounts receivable: -€249,736
- Tangible fixed assets -€322,846
down €322,846 (-5.7%), from €5.7m to €5.4m
of which Plant, machinery and equipment: -€309,808
Equity and liabilities
- Trade debts +€3.1m
up €3.1m (+42.7%), from €7.4m to €10.5m
- Debts after one year -€2.0m
down €2.0m (-33.3%), from €6.0m to €4.0m
- Other debts -€313,110
down €313,110 (-15.2%), from €2.1m to €1.7m
Income statement
- Goods and materials +€5.1m
up €5.1m (+12.9%), from €39.6m to €44.7m
of which Purchases: +€5.7m
- Turnover +€4.5m
up €4.5m (+8.5%), from €52.7m to €57.2m
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.
Result 2024
€2.0m
Turnover
+€4.5m
Other operating income
-€27,407
Goods and materials
-€5.1m
Services and other goods
+€39,912
Staff costs
-€122,208
Depreciation
+€117,380
Other operating charges
-€5,745
Other operating items
-€99,195
Financial income
-€21,486
Financial charges
+€116,393
Taxes
+€249,117
Result 2025
€1.6m
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.
From operations
+€5.1m
Investment
-€359,850
Financing
-€3.8m
Cash 2024
€3.2m
From operations (derived)
+€5.1m
Net result for the year
+€1.6m
Depreciation
+€701,151
Stocks and contracts
-€580,246
Receivables within one year
+€367,925
Smaller working-capital items
-€2,505
Trade debts
+€3.1m
Tax, wage and social debts
+€143,306
Other debts
-€313,110
Investment (derived)
-€359,850
Investment in fixed assets (net)
-€359,850
Financing
-€3.8m
Debts after one year
-€2.0m
Contributions, distributions and other
-€1.8m
Cash 2025
€4.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,419,189 | €24,256,519 | +€837,330 | +3.6% |
| Fixed assets | 21/28 | €6,250,175 | €5,908,874 | -€341,301 | -5.5% |
| Intangible fixed assets | 21 | €45,154 | €26,699 | -€18,455 | -40.9% |
| Tangible fixed assets | 22/27 | €5,713,405 | €5,390,559 | -€322,846 | -5.7% |
| Land and buildings | 22 | €1,097,236 | €1,110,355 | +€13,119 | +1.2% |
| Plant, machinery and equipment | 23 | €2,752,038 | €2,442,230 | -€309,808 | -11.3% |
| Furniture and vehicles | 24 | €328,717 | €334,635 | +€5,918 | +1.8% |
| Assets under construction and advance payments | 27 | €1,535,413 | €1,503,339 | -€32,074 | -2.1% |
| Financial fixed assets | 28 | €491,617 | €491,617 | = | 0.0% |
| Affiliated companies | 280/1 | €488,300 | €488,300 | = | 0.0% |
| Participating interests | 280 | €488,300 | €488,300 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,317 | €3,317 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,317 | €3,317 | = | 0.0% |
| Current assets | 29/58 | €17,169,014 | €18,347,645 | +€1.2m | +6.9% |
| Stocks and contracts in progress | 3 | €7,449,216 | €8,029,462 | +€580,246 | +7.8% |
| Stocks | 30/36 | €7,449,216 | €8,029,462 | +€580,246 | +7.8% |
| Raw materials and consumables | 30/31 | €4,735,095 | €4,795,522 | +€60,427 | +1.3% |
| Work in progress | 32 | €324,856 | €345,714 | +€20,858 | +6.4% |
| Finished goods | 33 | €2,017,001 | €2,355,700 | +€338,700 | +16.8% |
| Goods purchased for resale | 34 | €372,264 | €532,525 | +€160,262 | +43.1% |
| Amounts receivable within one year | 40/41 | €6,488,989 | €6,121,064 | -€367,925 | -5.7% |
| Trade receivables | 40 | €6,064,170 | €5,945,981 | -€118,189 | -1.9% |
| Other amounts receivable | 41 | €424,819 | €175,083 | -€249,736 | -58.8% |
| Cash at bank and in hand | 54/58 | €3,222,812 | €4,191,809 | +€968,996 | +30.1% |
| Deferred charges and accrued income | 490/1 | €7,997 | €5,310 | -€2,687 | -33.6% |
| Total equity and liabilities | 10/49 | €23,419,189 | €24,256,519 | +€837,330 | +3.6% |
| Equity | 10/15 | €7,035,247 | €6,901,587 | -€133,659 | -1.9% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €3,371,550 | €3,355,974 | -€15,576 | -0.5% |
| Non-distributable reserves | 130/1 | €199,700 | €199,700 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €168,500 | €168,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,280 | €48,705 | -€15,576 | -24.2% |
| Distributable reserves | 133 | €3,107,569 | €3,107,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,335,821 | €3,217,737 | -€118,084 | -3.5% |
| Investment grants | 15 | €15,876 | €15,876 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,678 | €10,486 | -€5,192 | -33.1% |
| Deferred taxes | 168 | €15,678 | €10,486 | -€5,192 | -33.1% |
| Amounts payable | 17/49 | €16,368,264 | €17,344,445 | +€976,181 | +6.0% |
| Amounts payable after more than one year | 17 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Financial debts | 170/4 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Other loans | 174 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Amounts payable within one year | 42/48 | €10,368,264 | €13,344,445 | +€3.0m | +28.7% |
| Trade debts | 44 | €7,365,593 | €10,511,578 | +€3.1m | +42.7% |
| Suppliers | 440/4 | €7,365,593 | €10,511,578 | +€3.1m | +42.7% |
| Taxes, remuneration and social security | 45 | €941,254 | €1,084,560 | +€143,306 | +15.2% |
| Taxes | 450/3 | €290,266 | €360,968 | +€70,702 | +24.4% |
| Remuneration and social security | 454/9 | €650,989 | €723,593 | +€72,604 | +11.2% |
| Other amounts payable | 47/48 | €2,061,417 | €1,748,307 | -€313,110 | -15.2% |
| Operating income | 70/76A | €53,471,187 | €57,803,526 | +€4.3m | +8.1% |
| Turnover | 70 | €52,710,584 | €57,170,535 | +€4.5m | +8.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€255,510 | -€359,558 | -€104,048 | -40.7% |
| Other operating income | 74 | €1,015,162 | €987,755 | -€27,407 | -2.7% |
| Non-recurring operating income | 76A | €950 | €4,793 | +€3,843 | +404.4% |
| Operating charges | 60/66A | €49,815,065 | €54,885,790 | +€5.1m | +10.2% |
| Goods for resale, raw materials and consumables | 60 | €39,595,018 | €44,696,092 | +€5.1m | +12.9% |
| Purchases | 600/8 | €38,769,841 | €44,475,404 | +€5.7m | +14.7% |
| Change in stocks: decrease (increase) | 609 | €825,177 | €220,688 | -€604,489 | -73.3% |
| Services and other goods | 61 | €4,249,293 | €4,209,380 | -€39,912 | -0.9% |
| Remuneration, social security and pensions | 62 | €5,048,156 | €5,170,364 | +€122,208 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818,530 | €701,151 | -€117,380 | -14.3% |
| Other operating charges | 640/8 | €103,059 | €108,804 | +€5,745 | +5.6% |
| Non-recurring operating charges | 66A | €1,010 | - | -€1,010 | |
| Operating profit (loss) | 9901 | €3,656,121 | €2,917,735 | -€738,386 | -20.2% |
| Financial income | 75/76B | €87,976 | €66,491 | -€21,486 | -24.4% |
| Recurring financial income | 75 | €87,976 | €66,491 | -€21,486 | -24.4% |
| Income from current assets | 751 | €52,507 | €65,455 | +€12,947 | +24.7% |
| Other financial income | 752/9 | €35,469 | €1,036 | -€34,433 | -97.1% |
| Financial charges | 65/66B | €882,470 | €766,077 | -€116,393 | -13.2% |
| Recurring financial charges | 65 | €882,470 | €766,077 | -€116,393 | -13.2% |
| Debt charges | 650 | €377,998 | €247,528 | -€130,470 | -34.5% |
| Other financial charges | 652/9 | €504,472 | €518,549 | +€14,077 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €2,861,627 | €2,218,149 | -€643,478 | -22.5% |
| Transfer from deferred taxes | 780 | €5,192 | €5,192 | = | 0.0% |
| Income taxes | 67/77 | €839,117 | €590,000 | -€249,117 | -29.7% |
| Taxes | 670/3 | €839,117 | €590,000 | -€249,117 | -29.7% |
| Profit (loss) for the period | 9904 | €2,027,702 | €1,633,341 | -€394,362 | -19.4% |
| Transfer from tax-exempt reserves | 789 | €15,576 | €15,576 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,043,278 | €1,648,916 | -€394,362 | -19.3% |
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 1 October 2026 via checked.be.