FLEUR: 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.
What changed
FLEUR
NACE 46.220, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.2m-€383,175
Equity
€5.5m
2024 · €5.2m+€349,291
Cash
€2.4m
2024 · €4.9m-€2.5m
Balance sheet total
€12.7m
2024 · €13.8m-€1.1m
Largest movements
Assets
- Cash -€2.5m
down €2.5m (-51.8%), from €4.9m to €2.4m
mainly Contributions, distributions and other (-€1.5m) and Current investments (-€1.3m)
- Current investments +€1.3m
up €1.3m (+108.3%), from €1.2m to €2.5m
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-20.2%), from €5.7m to €4.6m
- Profit (loss) carried forward +€349,291
up €349,291 (+8.3%), from €4.2m to €4.6m
- Provisions -€324,257
down €324,257 (-88.6%), from €365,927 to €41,670
Income statement
- Turnover +€4.0m
up €4.0m (+7.2%), from €54.9m to €58.9m
- Goods and materials +€2.7m
up €2.7m (+7.6%), from €35.6m to €38.3m
of which Purchases: +€2.6m
- Services and other goods +€846,128
up €846,128 (+8.1%), from €10.4m to €11.2m
- Staff costs +€780,154
up €780,154 (+12.8%), from €6.1m to €6.9m
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.
Result 2024
€2.2m
Turnover
+€4.0m
Other operating income
+€54,249
Goods and materials
-€2.7m
Services and other goods
-€846,128
Staff costs
-€780,154
Depreciation
-€70,937
Write-downs
-€125,998
Provisions
+€420,238
Other operating charges
+€88,451
Other operating items
+€5,692
Financial income
-€297,865
Financial charges
-€156,862
Taxes
+€69,794
Result 2025
€1.8m
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.
From operations
+€684,353
Investment
-€1.7m
Financing
-€1.5m
Cash 2024
€4.9m
From operations (derived)
+€684,353
Net result for the year
+€1.8m
Depreciation
+€420,605
Stocks and contracts
-€32,262
Receivables within one year
-€101,688
Deferred charges and accrued income
+€767
Provisions
-€324,257
Trade debts
+€102,183
Tax, wage and social debts
+€39,500
Other debts
-€1.2m
Accrued charges and deferred income
-€97,800
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€445,135
Current investments
-€1.3m
Financing
-€1.5m
Contributions, distributions and other
-€1.5m
Cash 2025
€2.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,817,237 | €12,732,168 | -€1.1m | -7.9% |
| Fixed assets | 21/28 | €1,347,161 | €1,371,690 | +€24,529 | +1.8% |
| Intangible fixed assets | 21 | €8,432 | €5,459 | -€2,973 | -35.3% |
| Tangible fixed assets | 22/27 | €1,328,081 | €1,358,232 | +€30,151 | +2.3% |
| Plant, machinery and equipment | 23 | €265,855 | €381,984 | +€116,129 | +43.7% |
| Furniture and vehicles | 24 | €454,761 | €320,553 | -€134,208 | -29.5% |
| Other tangible fixed assets | 26 | €607,465 | €655,695 | +€48,230 | +7.9% |
| Financial fixed assets | 28 | €10,648 | €8,000 | -€2,648 | -24.9% |
| Other financial fixed assets | 284/8 | €10,648 | €8,000 | -€2,648 | -24.9% |
| Amounts receivable and cash guarantees | 285/8 | €10,648 | €8,000 | -€2,648 | -24.9% |
| Current assets | 29/58 | €12,470,076 | €11,360,478 | -€1.1m | -8.9% |
| Stocks and contracts in progress | 3 | €1,486,112 | €1,518,375 | +€32,262 | +2.2% |
| Stocks | 30/36 | €1,486,112 | €1,518,375 | +€32,262 | +2.2% |
| Goods purchased for resale | 34 | €1,486,112 | €1,518,375 | +€32,262 | +2.2% |
| Amounts receivable within one year | 40/41 | €4,791,422 | €4,893,110 | +€101,688 | +2.1% |
| Trade receivables | 40 | €3,595,522 | €3,334,450 | -€261,072 | -7.3% |
| Other amounts receivable | 41 | €1,195,900 | €1,558,660 | +€362,759 | +30.3% |
| Current investments | 50/53 | €1,200,000 | €2,500,000 | +€1.3m | +108.3% |
| Other investments | 51/53 | €1,200,000 | €2,500,000 | +€1.3m | +108.3% |
| Cash at bank and in hand | 54/58 | €4,906,166 | €2,363,385 | -€2.5m | -51.8% |
| Deferred charges and accrued income | 490/1 | €86,375 | €85,608 | -€767 | -0.9% |
| Total equity and liabilities | 10/49 | €13,817,237 | €12,732,168 | -€1.1m | -7.9% |
| Equity | 10/15 | €5,158,674 | €5,507,965 | +€349,291 | +6.8% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Capital | 10 | €540,000 | €540,000 | = | 0.0% |
| Issued capital | 100 | €540,000 | €540,000 | = | 0.0% |
| Reserves | 13 | €408,244 | €408,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,000 | €54,000 | = | 0.0% |
| Legal reserve | 130 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €354,244 | €354,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,210,430 | €4,559,721 | +€349,291 | +8.3% |
| Provisions and deferred taxes | 16 | €365,927 | €41,670 | -€324,257 | -88.6% |
| Provisions for liabilities and charges | 160/5 | €365,927 | €41,670 | -€324,257 | -88.6% |
| Pensions and similar obligations | 160 | €20,927 | €21,670 | +€743 | +3.6% |
| Other liabilities and charges | 164/5 | €345,000 | €20,000 | -€325,000 | -94.2% |
| Amounts payable | 17/49 | €8,292,636 | €7,182,533 | -€1.1m | -13.4% |
| Amounts payable within one year | 42/48 | €7,959,393 | €6,947,090 | -€1.0m | -12.7% |
| Trade debts | 44 | €1,445,168 | €1,547,352 | +€102,183 | +7.1% |
| Suppliers | 440/4 | €1,445,168 | €1,547,352 | +€102,183 | +7.1% |
| Taxes, remuneration and social security | 45 | €807,478 | €846,978 | +€39,500 | +4.9% |
| Taxes | 450/3 | €134,472 | €79,848 | -€54,624 | -40.6% |
| Remuneration and social security | 454/9 | €673,006 | €767,130 | +€94,124 | +14.0% |
| Other amounts payable | 47/48 | €5,706,747 | €4,552,760 | -€1.2m | -20.2% |
| Accrued charges and deferred income | 492/3 | €333,243 | €235,443 | -€97,800 | -29.3% |
| Operating income | 70/76A | €55,101,078 | €59,089,702 | +€4.0m | +7.2% |
| Turnover | 70 | €54,894,595 | €58,850,923 | +€4.0m | +7.2% |
| Own construction capitalised | 72 | €21,579 | - | -€21,579 | |
| Other operating income | 74 | €183,703 | €237,953 | +€54,249 | +29.5% |
| Non-recurring operating income | 76A | €1,200 | €826 | -€374 | -31.1% |
| Operating charges | 60/66A | €52,704,075 | €56,690,941 | +€4.0m | +7.6% |
| Goods for resale, raw materials and consumables | 60 | €35,610,118 | €38,310,098 | +€2.7m | +7.6% |
| Purchases | 600/8 | €35,724,622 | €38,342,361 | +€2.6m | +7.3% |
| Change in stocks: decrease (increase) | 609 | -€114,504 | -€32,262 | +€82,242 | +71.8% |
| Services and other goods | 61 | €10,389,426 | €11,235,554 | +€846,128 | +8.1% |
| Remuneration, social security and pensions | 62 | €6,113,911 | €6,894,066 | +€780,154 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349,668 | €420,605 | +€70,937 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,533 | €127,530 | +€125,998 | +8221.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €95,981 | -€324,257 | -€420,238 | |
| Other operating charges | 640/8 | €110,868 | €22,417 | -€88,451 | -79.8% |
| Non-recurring operating charges | 66A | €32,571 | €4,927 | -€27,644 | -84.9% |
| Operating profit (loss) | 9901 | €2,397,002 | €2,398,761 | +€1,758 | +0.1% |
| Financial income | 75/76B | €697,396 | €399,531 | -€297,865 | -42.7% |
| Recurring financial income | 75 | €507,041 | €376,706 | -€130,335 | -25.7% |
| Income from current assets | 751 | €158,316 | €97,284 | -€61,031 | -38.6% |
| Other financial income | 752/9 | €348,726 | €279,422 | -€69,304 | -19.9% |
| Non-recurring financial income | 76B | €190,355 | €22,825 | -€167,530 | -88.0% |
| Financial charges | 65/66B | €251,162 | €408,024 | +€156,862 | +62.5% |
| Recurring financial charges | 65 | €233,579 | €404,823 | +€171,244 | +73.3% |
| Debt charges | 650 | €80,087 | €68,115 | -€11,972 | -14.9% |
| Other financial charges | 652/9 | €153,492 | €336,708 | +€183,216 | +119.4% |
| Non-recurring financial charges | 66B | €17,583 | €3,201 | -€14,382 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €2,843,236 | €2,390,267 | -€452,969 | -15.9% |
| Income taxes | 67/77 | €628,770 | €558,976 | -€69,794 | -11.1% |
| Taxes | 670/3 | €628,770 | €558,976 | -€69,794 | -11.1% |
| Profit (loss) for the period | 9904 | €2,214,466 | €1,831,291 | -€383,175 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,214,466 | €1,831,291 | -€383,175 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.