FLEURUS DISCOUNT: 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.
FLEURUS DISCOUNT
Largest movements
- Receivables within one year -€64,457
down €64,457 (-29.1%), from €221,539 to €157,082
of which Trade receivables: -€116,532
- Stocks and contracts -€59,524
down €59,524 (-16.0%), from €372,789 to €313,265
- Tangible fixed assets -€32,959
down €32,959 (-25.7%), from €128,384 to €95,425
of which Other tangible fixed assets: -€18,154
- Deferred charges and accrued income +€28,967
up €28,967 (+1,130%), from €2,562 to €31,529
- Cash +€21,782
up €21,782 (+11.8%), from €184,201 to €205,983
mainly Trade debts (+€612,564) and Receivables within one year (+€64,457)
- Profit (loss) carried forward -€704,685
down €704,685 (-55.4%), from -€1.3m to -€2.0m
- Trade debts +€612,564
up €612,564 (+54.1%), from €1.1m to €1.7m
- Gross operating margin -€404,386
down €404,386, from €325,560 to -€78,826
- Financial charges +€154,388
up €154,388 (+592%), from €26,098 to €180,486
of which Financial charges: +€156,103
- Financial income +€78,618
up €78,618 (+3,886%), from €2,023 to €80,641
- Staff costs -€75,769
down €75,769 (-14.3%), from €530,630 to €454,862
- Other operating charges -€49,362
down €49,362 (-63.5%), from €77,702 to €28,339
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 | €950,601 | €844,410 | -€106,191 | -11.2% |
| Fixed assets | 21/28 | €169,510 | €136,551 | -€32,959 | -19.4% |
| Tangible fixed assets | 22/27 | €128,384 | €95,425 | -€32,959 | -25.7% |
| Plant, machinery and equipment | 23 | €41,784 | €34,170 | -€7,613 | -18.2% |
| Furniture and vehicles | 24 | €34,945 | €27,754 | -€7,191 | -20.6% |
| Other tangible fixed assets | 26 | €51,655 | €33,501 | -€18,154 | -35.1% |
| Financial fixed assets | 28 | €41,126 | €41,126 | = | 0.0% |
| Current assets | 29/58 | €781,091 | €707,859 | -€73,232 | -9.4% |
| Stocks and contracts in progress | 3 | €372,789 | €313,265 | -€59,524 | -16.0% |
| Stocks | 30/36 | €372,789 | €313,265 | -€59,524 | -16.0% |
| Amounts receivable within one year | 40/41 | €221,539 | €157,082 | -€64,457 | -29.1% |
| Trade receivables | 40 | €126,130 | €9,597 | -€116,532 | -92.4% |
| Other amounts receivable | 41 | €95,409 | €147,485 | +€52,076 | +54.6% |
| Cash at bank and in hand | 54/58 | €184,201 | €205,983 | +€21,782 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,562 | €31,529 | +€28,967 | +1,130% |
| Total equity and liabilities | 10/49 | €950,601 | €844,410 | -€106,191 | -11.2% |
| Equity | 10/15 | -€250,986 | -€955,671 | -€704,685 | -281% |
| Contributions | 10/11 | €1,020,000 | €1,020,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,270,986 | -€1,975,671 | -€704,685 | -55.4% |
| Amounts payable | 17/49 | €1,201,588 | €1,800,081 | +€598,494 | +49.8% |
| Amounts payable within one year | 42/48 | €1,201,588 | €1,800,081 | +€598,494 | +49.8% |
| Trade debts | 44 | €1,132,957 | €1,745,520 | +€612,564 | +54.1% |
| Suppliers | 440/4 | €1,132,957 | €1,745,520 | +€612,564 | +54.1% |
| Taxes, remuneration and social security | 45 | €63,445 | €54,561 | -€8,884 | -14.0% |
| Remuneration and social security | 454/9 | €63,445 | €54,561 | -€8,884 | -14.0% |
| Other amounts payable | 47/48 | €5,186 | - | -€5,186 | |
| Non-recurring operating income | 76A | €118,272 | €16,128 | -€102,144 | -86.4% |
| Remuneration, social security and pensions | 62 | €530,630 | €454,862 | -€75,769 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,254 | €42,994 | +€6,740 | +18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,140 | - | +€2,140 | |
| Other operating charges | 640/8 | €77,702 | €28,339 | -€49,362 | -63.5% |
| Non-recurring operating charges | 66A | €179 | -€181 | -€360 | |
| Gross operating margin | 9900 | €325,560 | -€78,826 | -€404,386 | |
| Operating profit (loss) | 9901 | -€317,064 | -€604,839 | -€287,775 | -90.8% |
| Financial income | 75/76B | €2,023 | €80,641 | +€78,618 | +3,886% |
| Recurring financial income | 75 | €2,023 | €80,641 | +€78,618 | +3,886% |
| Financial charges | 65/66B | €26,098 | €180,486 | +€154,388 | +592% |
| Recurring financial charges | 65 | €24,383 | €180,486 | +€156,103 | +640% |
| Non-recurring financial charges | 66B | €1,715 | - | -€1,715 | |
| Profit (loss) for the period before taxes | 9903 | -€341,139 | -€704,685 | -€363,546 | -107% |
| Profit (loss) for the period | 9904 | -€341,139 | -€704,685 | -€363,546 | -107% |
| Profit (loss) for the period to be appropriated | 9905 | -€341,139 | -€704,685 | -€363,546 | -107% |
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 13 October 2026 via checked.be.