FLEUR DE SEL: 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 SEL
Largest movements
- Cash +€68,718
up €68,718 (+145%), from €47,350 to €116,067
mainly Depreciation (+€30,491) and Trade debts (+€29,459)
- Tangible fixed assets -€25,261
down €25,261 (-15.9%), from €158,701 to €133,440
of which Furniture and vehicles: -€17,046
- Receivables within one year +€9,344
up €9,344 (+7.0%), from €132,713 to €142,057
of which Trade receivables: +€6,216
- Trade debts +€29,459
up €29,459 (+44.0%), from €66,878 to €96,337
- Reserves +€25,000
up €25,000 (+24.5%), from €101,860 to €126,860
of which Distributable reserves: +€25,000
- Advances received +€7,589
up €7,589 (+12.3%), from €61,607 to €69,197
- Debts after one year -€6,731
down €6,731 (-25.8%), from €26,066 to €19,336
- Current portion of long-term debt -€4,734
down €4,734 (-41.3%), from €11,464 to €6,731
- Gross operating margin -€25,840
down €25,840 (-5.5%), from €468,856 to €443,016
- Staff costs -€23,708
down €23,708 (-6.1%), from €387,881 to €364,173
- Write-downs +€8,795
new in 2025: €8,795
- Depreciation +€5,260
up €5,260 (+20.8%), from €25,231 to €30,491
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 | €349,848 | €401,962 | +€52,114 | +14.9% |
| Fixed assets | 21/28 | €159,123 | €133,862 | -€25,261 | -15.9% |
| Tangible fixed assets | 22/27 | €158,701 | €133,440 | -€25,261 | -15.9% |
| Plant, machinery and equipment | 23 | €21,375 | €18,756 | -€2,618 | -12.2% |
| Furniture and vehicles | 24 | €71,510 | €54,464 | -€17,046 | -23.8% |
| Other tangible fixed assets | 26 | €65,816 | €60,220 | -€5,596 | -8.5% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €190,726 | €268,100 | +€77,374 | +40.6% |
| Stocks and contracts in progress | 3 | €5,073 | €5,153 | +€80 | +1.6% |
| Stocks | 30/36 | €5,073 | €5,153 | +€80 | +1.6% |
| Amounts receivable within one year | 40/41 | €132,713 | €142,057 | +€9,344 | +7.0% |
| Trade receivables | 40 | €129,821 | €136,036 | +€6,216 | +4.8% |
| Other amounts receivable | 41 | €2,892 | €6,021 | +€3,128 | +108% |
| Cash at bank and in hand | 54/58 | €47,350 | €116,067 | +€68,718 | +145% |
| Deferred charges and accrued income | 490/1 | €5,590 | €4,823 | -€768 | -13.7% |
| Total equity and liabilities | 10/49 | €349,848 | €401,962 | +€52,114 | +14.9% |
| Equity | 10/15 | €110,367 | €135,646 | +€25,279 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,860 | €126,860 | +€25,000 | +24.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €101,860 | €126,860 | +€25,000 | +24.5% |
| Profit (loss) carried forward | 14 | €2,307 | €2,586 | +€279 | +12.1% |
| Amounts payable | 17/49 | €239,481 | €266,316 | +€26,835 | +11.2% |
| Amounts payable after more than one year | 17 | €26,066 | €19,336 | -€6,731 | -25.8% |
| Financial debts | 170/4 | €26,066 | €19,336 | -€6,731 | -25.8% |
| Amounts payable within one year | 42/48 | €213,415 | €246,980 | +€33,565 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €11,464 | €6,731 | -€4,734 | -41.3% |
| Financial debts | 43 | €10,372 | €9,176 | -€1,196 | -11.5% |
| Credit institutions | 430/8 | €10,372 | €9,176 | -€1,196 | -11.5% |
| Trade debts | 44 | €66,878 | €96,337 | +€29,459 | +44.0% |
| Suppliers | 440/4 | €66,878 | €96,337 | +€29,459 | +44.0% |
| Advances received on contracts in progress | 46 | €61,607 | €69,197 | +€7,589 | +12.3% |
| Taxes, remuneration and social security | 45 | €60,462 | €64,866 | +€4,404 | +7.3% |
| Taxes | 450/3 | €17,650 | €14,814 | -€2,835 | -16.1% |
| Remuneration and social security | 454/9 | €42,813 | €50,052 | +€7,239 | +16.9% |
| Other amounts payable | 47/48 | €2,631 | €674 | -€1,957 | -74.4% |
| Non-recurring operating income | 76A | €23,050 | €0 | -€23,050 | -100% |
| Remuneration, social security and pensions | 62 | €387,881 | €364,173 | -€23,708 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,231 | €30,491 | +€5,260 | +20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,795 | +€8,795 | |
| Other operating charges | 640/8 | €5,234 | €5,946 | +€712 | +13.6% |
| Gross operating margin | 9900 | €468,856 | €443,016 | -€25,840 | -5.5% |
| Operating profit (loss) | 9901 | €50,511 | €33,611 | -€16,900 | -33.5% |
| Financial income | 75/76B | €52 | €0 | -€52 | -99.2% |
| Recurring financial income | 75 | €52 | €0 | -€52 | -99.2% |
| Financial charges | 65/66B | €2,973 | €2,349 | -€624 | -21.0% |
| Recurring financial charges | 65 | €2,973 | €2,349 | -€624 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €47,591 | €31,263 | -€16,327 | -34.3% |
| Income taxes | 67/77 | €4,608 | €5,984 | +€1,376 | +29.9% |
| Profit (loss) for the period | 9904 | €42,983 | €25,279 | -€17,704 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,983 | €25,279 | -€17,704 | -41.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.