XTRAFLEX: 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
XTRAFLEX
NACE 22.120, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€64,433
2024 · €98,477-€34,044
Equity
€2.6m
2024 · €2.5m+€64,433
Cash
€153,129
2024 · €225,784-€72,654
Balance sheet total
€5.5m
2024 · €5.6m-€94,106
Largest movements
Assets
- Stocks and contracts +€321,143
up €321,143 (+14.2%), from €2.3m to €2.6m
- Receivables within one year -€307,034
down €307,034 (-10.3%), from €3.0m to €2.7m
of which Trade receivables: -€215,327
- Cash -€72,654
down €72,654 (-32.2%), from €225,784 to €153,129
mainly Trade debts (-€583,642) and Stocks and contracts (-€321,143)
Equity and liabilities
- Trade debts -€583,642
down €583,642 (-48.8%), from €1.2m to €612,887
- Debts after one year +€488,538
up €488,538 (+37.7%), from €1.3m to €1.8m
- Reserves +€64,433
up €64,433 (+2.7%), from €2.4m to €2.4m
Income statement
- Turnover -€18.2m
no longer reported in 2025 (was €18.2m)
- Goods and materials -€12.2m
no longer reported in 2025 (was €12.2m)
of which Purchases: -€12.0m
- Services and other goods -€3.4m
no longer reported in 2025 (was €3.4m)
- Gross operating margin +€2.4m
new in 2025: €2.4m
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
€98,477
Turnover
-€18.2m
Other operating income
-€45,731
Goods and materials
+€12.2m
Services and other goods
+€3.4m
Staff costs
+€118,204
Depreciation
+€3,384
Write-downs
-€691
Other operating charges
-€479
Other operating items
+€2.5m
Financial income
-€5,360
Financial charges
+€54,130
Taxes
+€13,045
Result 2025
€64,433
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
-€516,983
Investment
-€25,959
Financing
+€470,288
Cash 2024
€225,784
From operations (derived)
-€516,983
Net result for the year
+€64,433
Depreciation
+€59,941
Stocks and contracts
-€321,143
Receivables within one year
+€307,034
Deferred charges and accrued income
+€1,578
Trade debts
-€583,642
Tax, wage and social debts
-€38,866
Other debts
-€5,909
Accrued charges and deferred income
-€410
Investment (derived)
-€25,959
Investment in fixed assets (net)
-€26,560
Current investments
+€601
Financing
+€470,288
Debts after one year
+€488,538
Current portion of long-term debt
-€20,350
Short-term financial debts
+€2,099
Cash 2025
€153,129
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,625,237 | €5,531,131 | -€94,106 | -1.7% |
| Fixed assets | 21/28 | €143,293 | €109,912 | -€33,382 | -23.3% |
| Tangible fixed assets | 22/27 | €143,287 | €109,905 | -€33,382 | -23.3% |
| Plant, machinery and equipment | 23 | €15,187 | €33,320 | +€18,133 | +119.4% |
| Furniture and vehicles | 24 | €45,337 | €24,929 | -€20,408 | -45.0% |
| Leasing and similar rights | 25 | €66,758 | €35,651 | -€31,107 | -46.6% |
| Other tangible fixed assets | 26 | €16,005 | €16,005 | = | 0.0% |
| Financial fixed assets | 28 | €6 | €6 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6 | - | -€6 | |
| Amounts receivable and cash guarantees | 285/8 | €6 | - | -€6 | |
| Current assets | 29/58 | €5,481,944 | €5,421,219 | -€60,725 | -1.1% |
| Stocks and contracts in progress | 3 | €2,259,704 | €2,580,847 | +€321,143 | +14.2% |
| Stocks | 30/36 | €2,259,704 | €2,580,847 | +€321,143 | +14.2% |
| Finished goods | 33 | €115,995 | - | -€115,995 | |
| Goods purchased for resale | 34 | €2,143,709 | - | -€2.1m | |
| Amounts receivable within one year | 40/41 | €2,984,807 | €2,677,773 | -€307,034 | -10.3% |
| Trade receivables | 40 | €2,560,395 | €2,345,068 | -€215,327 | -8.4% |
| Other amounts receivable | 41 | €424,412 | €332,705 | -€91,708 | -21.6% |
| Current investments | 50/53 | €601 | - | -€601 | |
| Other investments | 51/53 | €601 | - | -€601 | |
| Cash at bank and in hand | 54/58 | €225,784 | €153,129 | -€72,654 | -32.2% |
| Deferred charges and accrued income | 490/1 | €11,048 | €9,470 | -€1,578 | -14.3% |
| Total equity and liabilities | 10/49 | €5,625,237 | €5,531,131 | -€94,106 | -1.7% |
| Equity | 10/15 | €2,504,736 | €2,569,169 | +€64,433 | +2.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,379,736 | €2,444,169 | +€64,433 | +2.7% |
| Distributable reserves | 133 | €2,379,736 | €2,444,169 | +€64,433 | +2.7% |
| Amounts payable | 17/49 | €3,120,502 | €2,961,962 | -€158,540 | -5.1% |
| Amounts payable after more than one year | 17 | €1,294,410 | €1,782,948 | +€488,538 | +37.7% |
| Financial debts | 170/4 | €1,294,410 | €1,782,948 | +€488,538 | +37.7% |
| Leasing and similar obligations | 172 | €36,575 | - | -€36,575 | |
| Credit institutions | 173 | €1,223,829 | - | -€1.2m | |
| Other loans | 174 | €34,005 | - | -€34,005 | |
| Amounts payable within one year | 42/48 | €1,823,887 | €1,177,219 | -€646,669 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €97,807 | €77,456 | -€20,350 | -20.8% |
| Financial debts | 43 | €166,071 | €168,171 | +€2,099 | +1.3% |
| Credit institutions | 430/8 | €166,071 | €168,171 | +€2,099 | +1.3% |
| Trade debts | 44 | €1,196,529 | €612,887 | -€583,642 | -48.8% |
| Suppliers | 440/4 | €1,196,529 | €612,887 | -€583,642 | -48.8% |
| Taxes, remuneration and social security | 45 | €357,571 | €318,705 | -€38,866 | -10.9% |
| Taxes | 450/3 | €25,955 | €3,387 | -€22,568 | -87.0% |
| Remuneration and social security | 454/9 | €331,616 | €315,318 | -€16,298 | -4.9% |
| Other amounts payable | 47/48 | €5,909 | - | -€5,909 | |
| Accrued charges and deferred income | 492/3 | €2,205 | €1,795 | -€410 | -18.6% |
| Operating income | 70/76A | €18,193,131 | - | -€18.2m | |
| Turnover | 70 | €18,234,168 | - | -€18.2m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€86,769 | - | +€86,769 | |
| Other operating income | 74 | €45,731 | - | -€45,731 | |
| Operating charges | 60/66A | €17,817,023 | - | -€17.8m | |
| Goods for resale, raw materials and consumables | 60 | €12,181,023 | - | -€12.2m | |
| Purchases | 600/8 | €11,980,228 | - | -€12.0m | |
| Change in stocks: decrease (increase) | 609 | €200,795 | - | -€200,795 | |
| Services and other goods | 61 | €3,401,460 | - | -€3.4m | |
| Remuneration, social security and pensions | 62 | €2,157,680 | €2,039,476 | -€118,204 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,325 | €59,941 | -€3,384 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€688 | €3 | +€691 | |
| Other operating charges | 640/8 | €14,222 | €14,701 | +€479 | +3.4% |
| Gross operating margin | 9900 | - | €2,394,370 | +€2.4m | |
| Operating profit (loss) | 9901 | €376,108 | €280,248 | -€95,860 | -25.5% |
| Financial income | 75/76B | €26,706 | €21,346 | -€5,360 | -20.1% |
| Recurring financial income | 75 | €26,706 | €21,346 | -€5,360 | -20.1% |
| Income from financial fixed assets | 750 | €1,527 | - | -€1,527 | |
| Other financial income | 752/9 | €25,179 | - | -€25,179 | |
| Financial charges | 65/66B | €250,236 | €196,105 | -€54,130 | -21.6% |
| Recurring financial charges | 65 | €250,236 | €196,105 | -€54,130 | -21.6% |
| Debt charges | 650 | €102,664 | - | -€102,664 | |
| Other financial charges | 652/9 | €147,572 | - | -€147,572 | |
| Profit (loss) for the period before taxes | 9903 | €152,577 | €105,488 | -€47,089 | -30.9% |
| Income taxes | 67/77 | €54,100 | €41,055 | -€13,045 | -24.1% |
| Taxes | 670/3 | €54,100 | - | -€54,100 | |
| Profit (loss) for the period | 9904 | €98,477 | €64,433 | -€34,044 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,477 | €64,433 | -€34,044 | -34.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.