Isocyanate-terminated prepolymer having an NCO-value of 5-30% by weight and being the reaction product of an excessive amount of diphenylmethane diisocyanate comprising at least 80% by weight of 4,4′-diphenylmethane diisocyanate and a polyoxyethylene-polyoxypropylene polyol having an average molecular weight of 2000-10000, an average nominal hydroxy functionality of 2-6, an oxyethylene content of 21-45% by weight and a structure of the type -PO-PO/EO-EO wherein the PO block comprises 60-90% of the PO and the ratio of tipped EO:random is 3:1 to 1:3, and a process for preparing a flexible foam by reacting in a mould and at an index of 70-120, the above prepolymer or a composition comprising this prepolymer and b1) a polyoxyethylene-polyoxypropylene polyol, having an average nominal hydroxy functionality of 2-6, and a oxyethylene (EO) content of more than 50% by weight; and optionally b2) a polyoxyethylene-polyoxypropylene polyol, having an average nominal hydroxy functionality of 2-6, an EO content of between 20-50% by weight and a primary hydroxy content of at least 50%, calculated on the number of primary and secondary hydroxyl groups; and c) water; and optionally d) additives and auxiliaries known per se.