FLEURS BERTHAUT: 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.
FLEURS BERTHAUT
Largest movements
- Tangible fixed assets -€44,901
down €44,901 (-6.1%), from €734,555 to €689,654
of which Land and buildings: -€35,923
- Stocks and contracts +€13,516
up €13,516 (+10.6%), from €127,760 to €141,276
- Debts after one year -€30,660
down €30,660 (-4.7%), from €648,712 to €618,052
of which Financial debts: -€50,806
- Reserves +€18,231
up €18,231 (+15.8%), from €115,668 to €133,899
- Trade debts -€10,727
down €10,727 (-30.6%), from €35,073 to €24,347
- Gross operating margin +€8,870
up €8,870 (+6.1%), from €146,262 to €155,132
- Staff costs -€6,555
down €6,555 (-11.3%), from €57,857 to €51,303
- Other operating charges -€3,438
down €3,438 (-23.5%), from €14,636 to €11,198
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 | €896,041 | €865,745 | -€30,296 | -3.4% |
| Fixed assets | 21/28 | €734,605 | €689,704 | -€44,901 | -6.1% |
| Tangible fixed assets | 22/27 | €734,555 | €689,654 | -€44,901 | -6.1% |
| Land and buildings | 22 | €532,539 | €496,616 | -€35,923 | -6.7% |
| Plant, machinery and equipment | 23 | €174,440 | €165,638 | -€8,802 | -5.0% |
| Furniture and vehicles | 24 | €27,576 | €27,400 | -€177 | -0.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €161,435 | €176,041 | +€14,606 | +9.0% |
| Stocks and contracts in progress | 3 | €127,760 | €141,276 | +€13,516 | +10.6% |
| Stocks | 30/36 | €127,760 | €141,276 | +€13,516 | +10.6% |
| Amounts receivable within one year | 40/41 | €15,827 | €12,624 | -€3,204 | -20.2% |
| Trade receivables | 40 | €13,579 | €9,676 | -€3,902 | -28.7% |
| Other amounts receivable | 41 | €2,249 | €2,947 | +€699 | +31.1% |
| Cash at bank and in hand | 54/58 | €16,307 | €19,710 | +€3,403 | +20.9% |
| Deferred charges and accrued income | 490/1 | €1,541 | €2,432 | +€891 | +57.8% |
| Total equity and liabilities | 10/49 | €896,041 | €865,745 | -€30,296 | -3.4% |
| Equity | 10/15 | €134,260 | €152,491 | +€18,231 | +13.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €115,668 | €133,899 | +€18,231 | +15.8% |
| Distributable reserves | 133 | €115,668 | €133,899 | +€18,231 | +15.8% |
| Amounts payable | 17/49 | €761,781 | €713,254 | -€48,527 | -6.4% |
| Amounts payable after more than one year | 17 | €648,712 | €618,052 | -€30,660 | -4.7% |
| Financial debts | 170/4 | €554,713 | €503,907 | -€50,806 | -9.2% |
| Other amounts payable | 178/9 | €93,999 | €114,144 | +€20,146 | +21.4% |
| Amounts payable within one year | 42/48 | €113,069 | €95,202 | -€17,867 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €56,456 | €50,806 | -€5,650 | -10.0% |
| Financial debts | 43 | €3,136 | €4,839 | +€1,703 | +54.3% |
| Credit institutions | 430/8 | €3,136 | €4,839 | +€1,703 | +54.3% |
| Trade debts | 44 | €35,073 | €24,347 | -€10,727 | -30.6% |
| Suppliers | 440/4 | €35,073 | €24,347 | -€10,727 | -30.6% |
| Taxes, remuneration and social security | 45 | €18,404 | €15,211 | -€3,193 | -17.3% |
| Taxes | 450/3 | €5,275 | €6,767 | +€1,492 | +28.3% |
| Remuneration and social security | 454/9 | €13,129 | €8,445 | -€4,685 | -35.7% |
| Remuneration, social security and pensions | 62 | €57,857 | €51,303 | -€6,555 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,782 | €61,380 | +€599 | +1.0% |
| Other operating charges | 640/8 | €14,636 | €11,198 | -€3,438 | -23.5% |
| Gross operating margin | 9900 | €146,262 | €155,132 | +€8,870 | +6.1% |
| Operating profit (loss) | 9901 | €12,987 | €31,251 | +€18,264 | +141% |
| Financial income | 75/76B | €80 | €207 | +€127 | +159% |
| Recurring financial income | 75 | €80 | €207 | +€127 | +159% |
| Financial charges | 65/66B | €12,847 | €13,086 | +€239 | +1.9% |
| Recurring financial charges | 65 | €12,847 | €13,086 | +€239 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €219 | €18,371 | +€18,152 | +8,274% |
| Income taxes | 67/77 | €138 | €140 | +€2 | +1.3% |
| Profit (loss) for the period | 9904 | €81 | €18,231 | +€18,150 | +22,419% |
| Profit (loss) for the period to be appropriated | 9905 | €81 | €18,231 | +€18,150 | +22,419% |
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 16 October 2026 via checked.be.