Flex-Sales: 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-Sales
Largest movements
- Cash +€59,240
up €59,240 (+52.8%), from €112,136 to €171,376
mainly Net result for the year (+€51,452) and Tax, wage and social debts (+€23,648)
- Tangible fixed assets +€38,298
new in 2025: €38,298
of which Leasing and similar rights: +€30,979
- Receivables within one year -€10,726
down €10,726 (-93.6%), from €11,459 to €732
of which Trade receivables: -€11,459
- Current investments +€9,000
new in 2025: €9,000
- Reserves +€51,452
up €51,452 (+57.1%), from €90,034 to €141,486
- Tax, wage and social debts +€23,648
up €23,648 (+86.0%), from €27,491 to €51,140
of which Taxes: +€23,648
- Current portion of long-term debt +€15,040
new in 2025: €15,040
- Debts after one year +€5,112
new in 2025: €5,112
- Depreciation +€14,820
new in 2025: €14,820
- Other operating charges +€2,693
up €2,693, from €0 to €2,693
- Taxes +€2,093
up €2,093 (+11.1%), from €18,873 to €20,966
- Financial income +€1,557
up €1,557 (+77867.5%), from €2 to €1,559
- Gross operating margin -€1,241
down €1,241 (-1.4%), from €90,346 to €89,106
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 | €123,595 | €220,410 | +€96,815 | +78.3% |
| Fixed assets | 21/28 | - | €38,298 | +€38,298 | |
| Tangible fixed assets | 22/27 | - | €38,298 | +€38,298 | |
| Furniture and vehicles | 24 | - | €6,425 | +€6,425 | |
| Leasing and similar rights | 25 | - | €30,979 | +€30,979 | |
| Other tangible fixed assets | 26 | - | €893 | +€893 | |
| Current assets | 29/58 | €123,595 | €182,112 | +€58,517 | +47.3% |
| Amounts receivable within one year | 40/41 | €11,459 | €732 | -€10,726 | -93.6% |
| Trade receivables | 40 | €11,459 | €0 | -€11,459 | -100.0% |
| Other amounts receivable | 41 | - | €732 | +€732 | |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €112,136 | €171,376 | +€59,240 | +52.8% |
| Deferred charges and accrued income | 490/1 | - | €1,004 | +€1,004 | |
| Total equity and liabilities | 10/49 | €123,595 | €220,410 | +€96,815 | +78.3% |
| Equity | 10/15 | €94,034 | €145,486 | +€51,452 | +54.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €90,034 | €141,486 | +€51,452 | +57.1% |
| Distributable reserves | 133 | €90,034 | €141,486 | +€51,452 | +57.1% |
| Amounts payable | 17/49 | €29,561 | €74,924 | +€45,363 | +153.5% |
| Amounts payable after more than one year | 17 | - | €5,112 | +€5,112 | |
| Financial debts | 170/4 | - | €5,112 | +€5,112 | |
| Amounts payable within one year | 42/48 | €28,797 | €69,300 | +€40,504 | +140.7% |
| Current portion of amounts payable after more than one year | 42 | - | €15,040 | +€15,040 | |
| Trade debts | 44 | - | €1,479 | +€1,479 | |
| Suppliers | 440/4 | - | €1,479 | +€1,479 | |
| Taxes, remuneration and social security | 45 | €27,491 | €51,140 | +€23,648 | +86.0% |
| Taxes | 450/3 | €26,191 | €49,840 | +€23,648 | +90.3% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €1,305 | €1,641 | +€336 | +25.7% |
| Accrued charges and deferred income | 492/3 | €764 | €512 | -€253 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,820 | +€14,820 | |
| Other operating charges | 640/8 | €0 | €2,693 | +€2,693 | |
| Gross operating margin | 9900 | €90,346 | €89,106 | -€1,241 | -1.4% |
| Operating profit (loss) | 9901 | €90,346 | €71,592 | -€18,754 | -20.8% |
| Financial income | 75/76B | €2 | €1,559 | +€1,557 | +77867.5% |
| Recurring financial income | 75 | €2 | €1,559 | +€1,557 | +77867.5% |
| Financial charges | 65/66B | €296 | €733 | +€437 | +147.6% |
| Recurring financial charges | 65 | €296 | €733 | +€437 | +147.6% |
| Profit (loss) for the period before taxes | 9903 | €90,052 | €72,418 | -€17,634 | -19.6% |
| Income taxes | 67/77 | €18,873 | €20,966 | +€2,093 | +11.1% |
| Profit (loss) for the period | 9904 | €71,179 | €51,452 | -€19,727 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,179 | €51,452 | -€19,727 | -27.7% |
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 10 October 2026 via checked.be.