FLEX-ING: 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.
FLEX-ING
Largest movements
- Receivables within one year -€91,731
down €91,731 (-72.8%), from €126,069 to €34,338
of which Other amounts receivable: -€52,004
- Cash +€63,737
up €63,737 (+41.1%), from €155,028 to €218,765
mainly Other debts (+€262,992) and Receivables within one year (+€91,731)
- Tangible fixed assets -€43,137
down €43,137 (-12.5%), from €345,992 to €302,855
of which Land and buildings: -€45,449
- Other debts +€262,992
new in 2025: €262,992
- Reserves -€250,953
down €250,953 (-66.1%), from €379,656 to €128,704
of which Distributable reserves: -€250,953
- Tax, wage and social debts -€36,212
down €36,212 (-73.2%), from €49,493 to €13,281
- Debts after one year -€34,035
down €34,035 (-24.0%), from €141,880 to €107,844
- Accrued charges and deferred income -€8,183
down €8,183 (-66.7%), from €12,269 to €4,086
- Gross operating margin +€56,712
up €56,712 (+46.9%), from €120,936 to €177,648
- Depreciation +€43,788
up €43,788 (+946%), from €4,628 to €48,416
- Financial charges +€6,501
up €6,501 (+559%), from €1,163 to €7,664
- Taxes +€6,362
up €6,362 (+26.1%), from €24,389 to €30,751
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 | €630,037 | €558,221 | -€71,817 | -11.4% |
| Fixed assets | 21/28 | €345,997 | €302,855 | -€43,142 | -12.5% |
| Tangible fixed assets | 22/27 | €345,992 | €302,855 | -€43,137 | -12.5% |
| Land and buildings | 22 | €341,654 | €296,206 | -€45,449 | -13.3% |
| Furniture and vehicles | 24 | €788 | €3,518 | +€2,730 | +347% |
| Other tangible fixed assets | 26 | €3,550 | €3,131 | -€418 | -11.8% |
| Financial fixed assets | 28 | €5 | €0 | -€5 | -100% |
| Current assets | 29/58 | €284,041 | €255,366 | -€28,675 | -10.1% |
| Amounts receivable within one year | 40/41 | €126,069 | €34,338 | -€91,731 | -72.8% |
| Trade receivables | 40 | €69,783 | €30,056 | -€39,727 | -56.9% |
| Other amounts receivable | 41 | €56,286 | €4,282 | -€52,004 | -92.4% |
| Cash at bank and in hand | 54/58 | €155,028 | €218,765 | +€63,737 | +41.1% |
| Deferred charges and accrued income | 490/1 | €2,944 | €2,263 | -€681 | -23.1% |
| Total equity and liabilities | 10/49 | €630,037 | €558,221 | -€71,817 | -11.4% |
| Equity | 10/15 | €385,656 | €134,704 | -€250,953 | -65.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €379,656 | €128,704 | -€250,953 | -66.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €379,656 | €128,704 | -€250,953 | -66.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,381 | €423,517 | +€179,136 | +73.3% |
| Amounts payable after more than one year | 17 | €141,880 | €107,844 | -€34,035 | -24.0% |
| Financial debts | 170/4 | €141,880 | €107,844 | -€34,035 | -24.0% |
| Amounts payable within one year | 42/48 | €90,232 | €311,587 | +€221,355 | +245% |
| Current portion of amounts payable after more than one year | 42 | €33,120 | €34,035 | +€915 | +2.8% |
| Trade debts | 44 | €7,619 | €1,279 | -€6,340 | -83.2% |
| Suppliers | 440/4 | €7,619 | €1,279 | -€6,340 | -83.2% |
| Taxes, remuneration and social security | 45 | €49,493 | €13,281 | -€36,212 | -73.2% |
| Taxes | 450/3 | €49,493 | €13,281 | -€36,212 | -73.2% |
| Other amounts payable | 47/48 | - | €262,992 | +€262,992 | |
| Accrued charges and deferred income | 492/3 | €12,269 | €4,086 | -€8,183 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,628 | €48,416 | +€43,788 | +946% |
| Other operating charges | 640/8 | €1,247 | €1,775 | +€528 | +42.3% |
| Gross operating margin | 9900 | €120,936 | €177,648 | +€56,712 | +46.9% |
| Operating profit (loss) | 9901 | €115,061 | €127,457 | +€12,396 | +10.8% |
| Financial income | 75/76B | €1,184 | €5 | -€1,179 | -99.6% |
| Recurring financial income | 75 | €1,184 | €5 | -€1,179 | -99.6% |
| Financial charges | 65/66B | €1,163 | €7,664 | +€6,501 | +559% |
| Recurring financial charges | 65 | €1,163 | €7,664 | +€6,501 | +559% |
| Profit (loss) for the period before taxes | 9903 | €115,082 | €119,798 | +€4,716 | +4.1% |
| Income taxes | 67/77 | €24,389 | €30,751 | +€6,362 | +26.1% |
| Profit (loss) for the period | 9904 | €90,693 | €89,047 | -€1,646 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,693 | €89,047 | -€1,646 | -1.8% |
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 28 October 2026 via checked.be.