FLEXUM: what changed
FLEXUM
Largest movements
- Cash +€49,158
up €49,158 (+431%), from €11,416 to €60,574
mainly Trade debts (+€47,446) and Receivables within one year (+€25,191)
- Receivables within one year -€25,191
down €25,191 (-52.6%), from €47,878 to €22,686
of which Trade receivables: -€26,107
- Deferred charges and accrued income +€18,813
up €18,813 (+967%), from €1,945 to €20,757
- Stocks and contracts +€15,209
up €15,209 (+110%), from €13,776 to €28,985
- Tangible fixed assets +€12,813
up €12,813 (+40.9%), from €31,306 to €44,119
of which Furniture and vehicles: +€16,709
- Trade debts +€47,446
up €47,446 (+358%), from €13,257 to €60,702
- Profit (loss) carried forward +€11,090
up €11,090 (+14.4%), from €76,943 to €88,033
- Debts after one year +€8,437
new in 2025: €8,437
- Current portion of long-term debt +€3,046
new in 2025: €3,046
- Accrued charges and deferred income +€2,752
new in 2025: €2,752
- Financial income -€9,039
down €9,039 (-74.1%), from €12,202 to €3,163
of which Non-recurring financial income: -€11,384
- Gross operating margin -€6,480
down €6,480 (-20.4%), from €31,768 to €25,288
- Taxes -€3,714
down €3,714 (-46.3%), from €8,022 to €4,309
- Depreciation +€3,104
up €3,104 (+58.8%), from €5,279 to €8,383
- Financial charges +€1,659
up €1,659 (+96.0%), from €1,727 to €3,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,556 | €198,921 | +€71,365 | +55.9% |
| Fixed assets | 21/28 | €31,306 | €44,119 | +€12,813 | +40.9% |
| Tangible fixed assets | 22/27 | €31,306 | €44,119 | +€12,813 | +40.9% |
| Plant, machinery and equipment | 23 | €25,301 | €21,405 | -€3,896 | -15.4% |
| Furniture and vehicles | 24 | €6,005 | €22,715 | +€16,709 | +278% |
| Current assets | 29/58 | €96,250 | €154,802 | +€58,552 | +60.8% |
| Amounts receivable after more than one year | 29 | €21,236 | €21,799 | +€563 | +2.7% |
| Other amounts receivable | 291 | €21,236 | €21,799 | +€563 | +2.7% |
| Stocks and contracts in progress | 3 | €13,776 | €28,985 | +€15,209 | +110% |
| Stocks | 30/36 | €13,776 | €28,985 | +€15,209 | +110% |
| Amounts receivable within one year | 40/41 | €47,878 | €22,686 | -€25,191 | -52.6% |
| Trade receivables | 40 | €43,681 | €17,574 | -€26,107 | -59.8% |
| Other amounts receivable | 41 | €4,197 | €5,113 | +€916 | +21.8% |
| Cash at bank and in hand | 54/58 | €11,416 | €60,574 | +€49,158 | +431% |
| Deferred charges and accrued income | 490/1 | €1,945 | €20,757 | +€18,813 | +967% |
| Total equity and liabilities | 10/49 | €127,556 | €198,921 | +€71,365 | +55.9% |
| Equity | 10/15 | €96,943 | €108,033 | +€11,090 | +11.4% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,943 | €88,033 | +€11,090 | +14.4% |
| Amounts payable | 17/49 | €30,614 | €90,889 | +€60,275 | +197% |
| Amounts payable after more than one year | 17 | - | €8,437 | +€8,437 | |
| Financial debts | 170/4 | - | €8,437 | +€8,437 | |
| Amounts payable within one year | 42/48 | €30,614 | €79,699 | +€49,086 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €3,046 | +€3,046 | |
| Trade debts | 44 | €13,257 | €60,702 | +€47,446 | +358% |
| Suppliers | 440/4 | €13,257 | €60,702 | +€47,446 | +358% |
| Taxes, remuneration and social security | 45 | €17,357 | €15,951 | -€1,406 | -8.1% |
| Taxes | 450/3 | €14,357 | €15,951 | +€1,594 | +11.1% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,752 | +€2,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €8,383 | +€3,104 | +58.8% |
| Other operating charges | 640/8 | €1,020 | €1,282 | +€262 | +25.7% |
| Gross operating margin | 9900 | €31,768 | €25,288 | -€6,480 | -20.4% |
| Operating profit (loss) | 9901 | €25,469 | €15,622 | -€9,847 | -38.7% |
| Financial income | 75/76B | €12,202 | €3,163 | -€9,039 | -74.1% |
| Recurring financial income | 75 | €818 | €3,163 | +€2,345 | +287% |
| Non-recurring financial income | 76B | €11,384 | - | -€11,384 | |
| Financial charges | 65/66B | €1,727 | €3,386 | +€1,659 | +96.0% |
| Recurring financial charges | 65 | €1,727 | €3,386 | +€1,659 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | €35,943 | €15,399 | -€20,544 | -57.2% |
| Income taxes | 67/77 | €8,022 | €4,309 | -€3,714 | -46.3% |
| Profit (loss) for the period | 9904 | €27,921 | €11,090 | -€16,831 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,921 | €11,090 | -€16,831 | -60.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.