Dr. Flo Erika: 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.
Dr. Flo Erika
Largest movements
- Cash -€129,259
down €129,259 (-80.2%), from €161,202 to €31,943
mainly Contributions, distributions and other (-€272,361) and Tax, wage and social debts (-€31,103)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€9,448
up €9,448 (+17.1%), from €55,362 to €64,811
of which Other amounts receivable: +€14,890
- Tangible fixed assets -€3,479
down €3,479 (-13.8%), from €25,198 to €21,718
of which Other tangible fixed assets: -€2,971
- Reserves -€193,479
down €193,479 (-71.0%), from €272,361 to €78,882
- Tax, wage and social debts -€31,103
down €31,103 (-44.5%), from €69,860 to €38,757
of which Taxes: -€32,250
- Gross operating margin -€26,240
down €26,240 (-18.8%), from €139,359 to €113,119
- Taxes -€5,987
down €5,987 (-15.7%), from €38,178 to €32,190
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 | €346,007 | €120,861 | -€225,147 | -65.1% |
| Fixed assets | 21/28 | €25,198 | €21,718 | -€3,479 | -13.8% |
| Tangible fixed assets | 22/27 | €25,198 | €21,718 | -€3,479 | -13.8% |
| Plant, machinery and equipment | 23 | €509 | - | -€509 | |
| Other tangible fixed assets | 26 | €24,689 | €21,718 | -€2,971 | -12.0% |
| Current assets | 29/58 | €320,810 | €99,142 | -€221,667 | -69.1% |
| Amounts receivable within one year | 40/41 | €55,362 | €64,811 | +€9,448 | +17.1% |
| Trade receivables | 40 | €32,649 | €27,207 | -€5,441 | -16.7% |
| Other amounts receivable | 41 | €22,714 | €37,604 | +€14,890 | +65.6% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €161,202 | €31,943 | -€129,259 | -80.2% |
| Deferred charges and accrued income | 490/1 | €4,245 | €2,389 | -€1,856 | -43.7% |
| Total equity and liabilities | 10/49 | €346,007 | €120,861 | -€225,147 | -65.1% |
| Equity | 10/15 | €273,361 | €79,882 | -€193,479 | -70.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €272,361 | €78,882 | -€193,479 | -71.0% |
| Distributable reserves | 133 | €272,361 | €78,882 | -€193,479 | -71.0% |
| Amounts payable | 17/49 | €72,646 | €40,979 | -€31,668 | -43.6% |
| Amounts payable within one year | 42/48 | €70,327 | €40,979 | -€29,348 | -41.7% |
| Trade debts | 44 | €467 | €2,222 | +€1,755 | +376% |
| Suppliers | 440/4 | €467 | €2,222 | +€1,755 | +376% |
| Taxes, remuneration and social security | 45 | €69,860 | €38,757 | -€31,103 | -44.5% |
| Taxes | 450/3 | €69,860 | €37,610 | -€32,250 | -46.2% |
| Remuneration and social security | 454/9 | - | €1,147 | +€1,147 | |
| Accrued charges and deferred income | 492/3 | €2,319 | - | -€2,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,757 | €3,479 | -€278 | -7.4% |
| Other operating charges | 640/8 | €299 | €309 | +€9 | +3.1% |
| Gross operating margin | 9900 | €139,359 | €113,119 | -€26,240 | -18.8% |
| Operating profit (loss) | 9901 | €135,303 | €109,332 | -€25,971 | -19.2% |
| Financial income | 75/76B | €3,223 | €1,874 | -€1,349 | -41.9% |
| Recurring financial income | 75 | €3,223 | €1,874 | -€1,349 | -41.9% |
| Financial charges | 65/66B | €141 | €133 | -€8 | -5.8% |
| Recurring financial charges | 65 | €141 | €133 | -€8 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €138,384 | €111,072 | -€27,312 | -19.7% |
| Income taxes | 67/77 | €38,178 | €32,190 | -€5,987 | -15.7% |
| Profit (loss) for the period | 9904 | €100,207 | €78,882 | -€21,325 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,207 | €78,882 | -€21,325 | -21.3% |
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 29 October 2026 via checked.be.