AFL-FLEUR D'O: 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.
AFL-FLEUR D'O
Largest movements
- Receivables within one year +€16,241
up €16,241 (+22.6%), from €71,756 to €87,997
of which Other amounts receivable: +€33,036
- Tangible fixed assets +€10,906
new in 2025: €10,906
- Cash -€2,040
down €2,040 (-87.4%), from €2,333 to €294
- Reserves +€22,000
new in 2025: €22,000
- Debts after one year +€8,811
new in 2025: €8,811
- Other debts -€3,000
down €3,000 (-25.4%), from €11,800 to €8,800
- Trade debts -€1,728
down €1,728 (-27.9%), from €6,201 to €4,473
- Gross operating margin -€30,431
down €30,431 (-68.0%), from €44,731 to €14,300
- Depreciation -€2,586
down €2,586 (-59.6%), from €4,341 to €1,755
- Taxes -€2,515
down €2,515 (-38.1%), from €6,593 to €4,078
- Financial charges +€1,294
up €1,294 (+1,061%), from €122 to €1,416
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,114 | €111,221 | +€25,107 | +29.2% |
| Fixed assets | 21/28 | €25 | €10,931 | +€10,906 | +43,623% |
| Tangible fixed assets | 22/27 | - | €10,906 | +€10,906 | |
| Furniture and vehicles | 24 | - | €10,906 | +€10,906 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €86,089 | €100,290 | +€14,201 | +16.5% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,756 | €87,997 | +€16,241 | +22.6% |
| Trade receivables | 40 | €31,047 | €14,252 | -€16,795 | -54.1% |
| Other amounts receivable | 41 | €40,709 | €73,745 | +€33,036 | +81.2% |
| Cash at bank and in hand | 54/58 | €2,333 | €294 | -€2,040 | -87.4% |
| Total equity and liabilities | 10/49 | €86,114 | €111,221 | +€25,107 | +29.2% |
| Equity | 10/15 | €55,506 | €77,853 | +€22,347 | +40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €22,000 | +€22,000 | |
| Distributable reserves | 133 | - | €22,000 | +€22,000 | |
| Profit (loss) carried forward | 14 | €36,906 | €37,253 | +€347 | +0.9% |
| Amounts payable | 17/49 | €30,608 | €33,368 | +€2,760 | +9.0% |
| Amounts payable after more than one year | 17 | - | €8,811 | +€8,811 | |
| Financial debts | 170/4 | - | €8,811 | +€8,811 | |
| Amounts payable within one year | 42/48 | €30,608 | €24,557 | -€6,051 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €2,646 | €2,351 | -€295 | -11.1% |
| Trade debts | 44 | €6,201 | €4,473 | -€1,728 | -27.9% |
| Suppliers | 440/4 | €6,201 | €4,473 | -€1,728 | -27.9% |
| Taxes, remuneration and social security | 45 | €9,961 | €8,934 | -€1,028 | -10.3% |
| Taxes | 450/3 | €9,961 | €8,934 | -€1,028 | -10.3% |
| Other amounts payable | 47/48 | €11,800 | €8,800 | -€3,000 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,341 | €1,755 | -€2,586 | -59.6% |
| Other operating charges | 640/8 | €0 | €0 | -€0 | -95.5% |
| Gross operating margin | 9900 | €44,731 | €14,300 | -€30,431 | -68.0% |
| Operating profit (loss) | 9901 | €40,390 | €12,545 | -€27,846 | -68.9% |
| Financial charges | 65/66B | €122 | €1,416 | +€1,294 | +1,061% |
| Recurring financial charges | 65 | €122 | €1,416 | +€1,294 | +1,061% |
| Profit (loss) for the period before taxes | 9903 | €40,268 | €11,129 | -€29,139 | -72.4% |
| Income taxes | 67/77 | €6,593 | €4,078 | -€2,515 | -38.1% |
| Profit (loss) for the period | 9904 | €33,675 | €7,051 | -€26,625 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,675 | €7,051 | -€26,625 | -79.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.