FLEUR DE GRAUWE: what changed
What changed
FLEUR DE GRAUWE
NACE 74.301, Translation services
filed annual accounts (NBB)
Net result for the year
-€110,834
2024 · €25,326-€136,160
Equity
€14,642
2024 · €125,476-€110,834
Cash
€20,189
2024 · €26,842-€6,654
Balance sheet total
€347,173
2024 · €424,552-€77,379
Largest movements
Assets
- Tangible fixed assets -€84,001
down €84,001 (-30.6%), from €274,325 to €190,325
- Deferred charges and accrued income +€54,414
up €54,414 (+228%), from €23,904 to €78,319
- Receivables within one year -€41,139
down €41,139 (-41.5%), from €99,220 to €58,081
of which Trade receivables: -€30,608
- Cash -€6,654
down €6,654 (-24.8%), from €26,842 to €20,189
mainly Net result for the year (-€110,834) and Deferred charges and accrued income (-€54,414)
Equity and liabilities
- Profit (loss) carried forward -€110,834
new in 2025: -€110,834
- Debts after one year +€29,509
up €29,509 (+15.4%), from €191,163 to €220,671
- Current portion of long-term debt +€7,577
up €7,577 (+13.7%), from €55,144 to €62,721
- Trade debts -€5,585
down €5,585 (-37.7%), from €14,817 to €9,232
Income statement
- Gross operating margin -€149,352
down €149,352 (-48.8%), from €305,801 to €156,449
- Other operating charges +€23,546
up €23,546 (+100%), from €23,517 to €47,063
- Staff costs -€22,035
down €22,035 (-14.9%), from €147,483 to €125,448
- Taxes -€14,256
down €14,256 (-95.3%), from €14,953 to €698
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,326
Gross operating margin
-€149,352
Staff costs
+€22,035
Depreciation
+€622
Other operating charges
-€23,546
Financial income
-€158
Financial charges
-€17
Taxes
+€14,256
Result 2025
-€110,834
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€45,096
Investment
+€1,357
Financing
+€37,085
Cash 2024
€26,842
From operations (derived)
-€45,096
Net result for the year
-€110,834
Depreciation
+€82,643
Receivables within one year
+€41,139
Deferred charges and accrued income
-€54,414
Trade debts
-€5,585
Tax, wage and social debts
+€1,956
Investment (derived)
+€1,357
Investment in fixed assets (net)
+€1,357
Financing
+€37,085
Debts after one year
+€29,509
Current portion of long-term debt
+€7,577
Cash 2025
€20,189
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,552 | €347,173 | -€77,379 | -18.2% |
| Fixed assets | 21/28 | €274,585 | €190,585 | -€84,001 | -30.6% |
| Tangible fixed assets | 22/27 | €274,325 | €190,325 | -€84,001 | -30.6% |
| Land and buildings | 22 | €131,893 | €97,871 | -€34,022 | -25.8% |
| Plant, machinery and equipment | 23 | €43,358 | €44,419 | +€1,061 | +2.4% |
| Furniture and vehicles | 24 | €71,836 | €48,034 | -€23,802 | -33.1% |
| Leasing and similar rights | 25 | €27,239 | - | -€27,239 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €149,966 | €156,588 | +€6,622 | +4.4% |
| Amounts receivable within one year | 40/41 | €99,220 | €58,081 | -€41,139 | -41.5% |
| Trade receivables | 40 | €86,460 | €55,852 | -€30,608 | -35.4% |
| Other amounts receivable | 41 | €12,760 | €2,229 | -€10,530 | -82.5% |
| Cash at bank and in hand | 54/58 | €26,842 | €20,189 | -€6,654 | -24.8% |
| Deferred charges and accrued income | 490/1 | €23,904 | €78,319 | +€54,414 | +228% |
| Total equity and liabilities | 10/49 | €424,552 | €347,173 | -€77,379 | -18.2% |
| Equity | 10/15 | €125,476 | €14,642 | -€110,834 | -88.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €106,884 | €106,884 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,780 | €2,780 | = | 0.0% |
| Distributable reserves | 133 | €102,245 | €102,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€110,834 | -€110,834 | |
| Amounts payable | 17/49 | €299,076 | €332,531 | +€33,456 | +11.2% |
| Amounts payable after more than one year | 17 | €191,163 | €220,671 | +€29,509 | +15.4% |
| Financial debts | 170/4 | €191,163 | €220,671 | +€29,509 | +15.4% |
| Amounts payable within one year | 42/48 | €107,913 | €111,860 | +€3,947 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €55,144 | €62,721 | +€7,577 | +13.7% |
| Trade debts | 44 | €14,817 | €9,232 | -€5,585 | -37.7% |
| Suppliers | 440/4 | €14,817 | €9,232 | -€5,585 | -37.7% |
| Taxes, remuneration and social security | 45 | €37,952 | €39,907 | +€1,956 | +5.2% |
| Taxes | 450/3 | €16,744 | €17,978 | +€1,234 | +7.4% |
| Remuneration and social security | 454/9 | €21,208 | €21,930 | +€722 | +3.4% |
| Remuneration, social security and pensions | 62 | €147,483 | €125,448 | -€22,035 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,265 | €82,643 | -€622 | -0.7% |
| Other operating charges | 640/8 | €23,517 | €47,063 | +€23,546 | +100% |
| Gross operating margin | 9900 | €305,801 | €156,449 | -€149,352 | -48.8% |
| Operating profit (loss) | 9901 | €51,536 | -€98,705 | -€150,241 | |
| Financial income | 75/76B | €1,078 | €921 | -€158 | -14.6% |
| Recurring financial income | 75 | €1,078 | €128 | -€951 | -88.1% |
| Non-recurring financial income | 76B | - | €793 | +€793 | |
| Financial charges | 65/66B | €12,335 | €12,352 | +€17 | +0.1% |
| Recurring financial charges | 65 | €11,491 | €12,352 | +€861 | +7.5% |
| Non-recurring financial charges | 66B | €845 | - | -€845 | |
| Profit (loss) for the period before taxes | 9903 | €40,279 | -€110,137 | -€150,416 | |
| Income taxes | 67/77 | €14,953 | €698 | -€14,256 | -95.3% |
| Profit (loss) for the period | 9904 | €25,326 | -€110,834 | -€136,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,326 | -€110,834 | -€136,160 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.