Fleur de Lee: 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.
Fleur de Lee
Largest movements
- Receivables within one year +€4,027
up €4,027 (+639%), from €630 to €4,658
of which Other amounts receivable: +€2,579
- Tangible fixed assets -€3,936
down €3,936 (-41.6%), from €9,455 to €5,519
- Cash +€3,046
up €3,046 (+11.7%), from €26,099 to €29,145
mainly Net result for the year (+€7,842) and Depreciation (+€4,589)
- Profit (loss) carried forward +€7,842
up €7,842 (+32.7%), from -€23,972 to -€16,131
- Tax, wage and social debts -€4,378
down €4,378 (-35.0%), from €12,522 to €8,144
of which Remuneration and social security: -€5,173
- Other debts -€1,488
down €1,488 (-8.5%), from €17,600 to €16,112
- Gross operating margin -€55,356
down €55,356 (-75.7%), from €73,125 to €17,769
- Staff costs -€41,341
down €41,341 (-90.6%), from €45,617 to €4,276
- Financial charges -€2,998
down €2,998, from €2,424 to -€574
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 | €57,635 | €59,906 | +€2,271 | +3.9% |
| Fixed assets | 21/28 | €17,175 | €13,239 | -€3,936 | -22.9% |
| Tangible fixed assets | 22/27 | €9,455 | €5,519 | -€3,936 | -41.6% |
| Plant, machinery and equipment | 23 | €3,266 | €1,680 | -€1,586 | -48.6% |
| Furniture and vehicles | 24 | €5,366 | €3,490 | -€1,876 | -35.0% |
| Other tangible fixed assets | 26 | €822 | €349 | -€473 | -57.6% |
| Financial fixed assets | 28 | €7,720 | €7,720 | = | 0.0% |
| Current assets | 29/58 | €40,460 | €46,666 | +€6,207 | +15.3% |
| Stocks and contracts in progress | 3 | €13,092 | €12,511 | -€581 | -4.4% |
| Stocks | 30/36 | €13,092 | €12,511 | -€581 | -4.4% |
| Amounts receivable within one year | 40/41 | €630 | €4,658 | +€4,027 | +639% |
| Trade receivables | 40 | €18 | €1,466 | +€1,448 | +8,188% |
| Other amounts receivable | 41 | €612 | €3,191 | +€2,579 | +421% |
| Cash at bank and in hand | 54/58 | €26,099 | €29,145 | +€3,046 | +11.7% |
| Deferred charges and accrued income | 490/1 | €639 | €352 | -€286 | -44.8% |
| Total equity and liabilities | 10/49 | €57,635 | €59,906 | +€2,271 | +3.9% |
| Equity | 10/15 | -€5,422 | €2,419 | +€7,842 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,972 | -€16,131 | +€7,842 | +32.7% |
| Amounts payable | 17/49 | €63,057 | €57,486 | -€5,571 | -8.8% |
| Amounts payable after more than one year | 17 | €24,133 | €24,133 | = | 0.0% |
| Financial debts | 170/4 | €24,133 | €24,133 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,924 | €33,354 | -€5,571 | -14.3% |
| Financial debts | 43 | €201 | €297 | +€96 | +48.0% |
| Credit institutions | 430/8 | €201 | €297 | +€96 | +48.0% |
| Trade debts | 44 | €7,597 | €7,796 | +€199 | +2.6% |
| Suppliers | 440/4 | €7,597 | €7,796 | +€199 | +2.6% |
| Advances received on contracts in progress | 46 | €1,005 | €1,005 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,522 | €8,144 | -€4,378 | -35.0% |
| Taxes | 450/3 | €7,102 | €7,897 | +€795 | +11.2% |
| Remuneration and social security | 454/9 | €5,420 | €247 | -€5,173 | -95.4% |
| Other amounts payable | 47/48 | €17,600 | €16,112 | -€1,488 | -8.5% |
| Remuneration, social security and pensions | 62 | €45,617 | €4,276 | -€41,341 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,144 | €4,589 | +€444 | +10.7% |
| Other operating charges | 640/8 | €1,387 | €821 | -€566 | -40.8% |
| Non-recurring operating charges | 66A | €542 | €0 | -€542 | -100% |
| Gross operating margin | 9900 | €73,125 | €17,769 | -€55,356 | -75.7% |
| Operating profit (loss) | 9901 | €21,435 | €8,083 | -€13,352 | -62.3% |
| Financial income | 75/76B | €97 | €41 | -€57 | -58.0% |
| Recurring financial income | 75 | €97 | €41 | -€57 | -58.0% |
| Financial charges | 65/66B | €2,424 | -€574 | -€2,998 | |
| Recurring financial charges | 65 | €2,424 | -€574 | -€2,998 | |
| Profit (loss) for the period before taxes | 9903 | €19,109 | €8,698 | -€10,411 | -54.5% |
| Income taxes | 67/77 | €329 | €856 | +€527 | +160% |
| Profit (loss) for the period | 9904 | €18,780 | €7,842 | -€10,938 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,780 | €7,842 | -€10,938 | -58.2% |
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 25 October 2026 via checked.be.