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.
FLEXCOM
Largest movements
- Receivables within one year -€40,953
down €40,953 (-88.3%), from €46,378 to €5,425
of which Trade receivables: -€41,794
- Cash +€33,474
up €33,474 (+148.9%), from €22,487 to €55,961
mainly Receivables within one year (+€40,953) and Net result for the year (+€36,417)
- Tangible fixed assets +€31,365
up €31,365 (+84.3%), from €37,203 to €68,568
of which Leasing and similar rights: +€37,268
- Current investments +€24,324
up €24,324 (+53.9%), from €45,140 to €69,464
- Reserves +€34,699
up €34,699 (+33.7%), from €102,903 to €137,602
- Debts after one year +€13,078
up €13,078 (+67.7%), from €19,328 to €32,406
- Current portion of long-term debt +€8,331
up €8,331 (+99.3%), from €8,388 to €16,719
- Tax, wage and social debts -€6,947
down €6,947 (-51.3%), from €13,545 to €6,599
- Gross operating margin -€11,568
down €11,568 (-15.2%), from €76,115 to €64,548
- Depreciation +€6,590
up €6,590 (+124.9%), from €5,276 to €11,866
- Financial income +€3,435
up €3,435 (+291.9%), from €1,177 to €4,612
- Taxes -€2,498
down €2,498 (-16.4%), from €15,236 to €12,738
- Financial charges +€1,210
up €1,210 (+91.7%), from €1,319 to €2,529
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,043 | €201,513 | +€48,470 | +31.7% |
| Fixed assets | 21/28 | €37,603 | €68,568 | +€30,965 | +82.3% |
| Tangible fixed assets | 22/27 | €37,203 | €68,568 | +€31,365 | +84.3% |
| Furniture and vehicles | 24 | €11,245 | €8,128 | -€3,117 | -27.7% |
| Leasing and similar rights | 25 | - | €37,268 | +€37,268 | |
| Other tangible fixed assets | 26 | €25,958 | €23,173 | -€2,785 | -10.7% |
| Financial fixed assets | 28 | €400 | - | -€400 | |
| Current assets | 29/58 | €115,440 | €132,944 | +€17,504 | +15.2% |
| Amounts receivable within one year | 40/41 | €46,378 | €5,425 | -€40,953 | -88.3% |
| Trade receivables | 40 | €43,732 | €1,938 | -€41,794 | -95.6% |
| Other amounts receivable | 41 | €2,646 | €3,487 | +€841 | +31.8% |
| Current investments | 50/53 | €45,140 | €69,464 | +€24,324 | +53.9% |
| Cash at bank and in hand | 54/58 | €22,487 | €55,961 | +€33,474 | +148.9% |
| Deferred charges and accrued income | 490/1 | €1,434 | €2,094 | +€660 | +46.0% |
| Total equity and liabilities | 10/49 | €153,043 | €201,513 | +€48,470 | +31.7% |
| Equity | 10/15 | €105,403 | €140,102 | +€34,699 | +32.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €102,903 | €137,602 | +€34,699 | +33.7% |
| Distributable reserves | 133 | €102,903 | €137,602 | +€34,699 | +33.7% |
| Amounts payable | 17/49 | €47,640 | €61,411 | +€13,771 | +28.9% |
| Amounts payable after more than one year | 17 | €19,328 | €32,406 | +€13,078 | +67.7% |
| Financial debts | 170/4 | €19,328 | €32,406 | +€13,078 | +67.7% |
| Amounts payable within one year | 42/48 | €23,979 | €26,325 | +€2,346 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €8,388 | €16,719 | +€8,331 | +99.3% |
| Trade debts | 44 | €926 | €1,805 | +€879 | +94.9% |
| Suppliers | 440/4 | €926 | €1,805 | +€879 | +94.9% |
| Taxes, remuneration and social security | 45 | €13,545 | €6,599 | -€6,947 | -51.3% |
| Taxes | 450/3 | €13,545 | €6,599 | -€6,947 | -51.3% |
| Other amounts payable | 47/48 | €1,120 | €1,203 | +€83 | +7.4% |
| Accrued charges and deferred income | 492/3 | €4,332 | €2,679 | -€1,653 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,276 | €11,866 | +€6,590 | +124.9% |
| Other operating charges | 640/8 | €940 | €2,093 | +€1,153 | +122.7% |
| Non-recurring operating charges | 66A | - | €3,517 | +€3,517 | |
| Gross operating margin | 9900 | €76,115 | €64,548 | -€11,568 | -15.2% |
| Operating profit (loss) | 9901 | €69,900 | €47,072 | -€22,827 | -32.7% |
| Financial income | 75/76B | €1,177 | €4,612 | +€3,435 | +291.9% |
| Recurring financial income | 75 | €1,177 | €4,612 | +€3,435 | +291.9% |
| Financial charges | 65/66B | €1,319 | €2,529 | +€1,210 | +91.7% |
| Recurring financial charges | 65 | €1,319 | €2,529 | +€1,210 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €69,757 | €49,155 | -€20,602 | -29.5% |
| Income taxes | 67/77 | €15,236 | €12,738 | -€2,498 | -16.4% |
| Profit (loss) for the period | 9904 | €54,521 | €36,417 | -€18,104 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,521 | €36,417 | -€18,104 | -33.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.