FLEURUS FINANCES: what changed
Two fiscal 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 FINANCES
Largest movements
- Cash -€305,616
down €305,616 (-69.5%), from €439,765 to €134,149
mainly Contributions, distributions and other (-€408,999) and Other debts (-€190,000)
- Intangible fixed assets -€121,465
down €121,465 (-19.7%), from €615,057 to €493,592
- Receivables within one year -€30,184
down €30,184 (-30.8%), from €97,986 to €67,802
of which Trade receivables: -€30,184
- Other debts -€190,000
down €190,000 (-48.7%), from €390,000 to €200,000
- Debts after one year -€169,142
down €169,142 (-12.6%), from €1.3m to €1.2m
- Reserves -€127,595
down €127,595 (-34.2%), from €373,108 to €245,513
- Current portion of long-term debt +€76,000
up €76,000 (+133.0%), from €57,143 to €133,143
- Tax, wage and social debts -€57,591
down €57,591 (-50.5%), from €114,131 to €56,540
of which Taxes: -€58,379
- Gross operating margin -€432,268
down €432,268 (-30.6%), from €1.4m to €979,978
- Write-downs -€175,000
no longer reported in 2025 (was €175,000)
- Taxes -€97,595
down €97,595 (-48.8%), from €200,111 to €102,516
- Depreciation +€54,164
up €54,164 (+43.7%), from €123,998 to €178,162
- Financial charges +€45,730
up €45,730 (+175.9%), from €25,999 to €71,729
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.
Cash bridge derived
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 | €2,557,524 | €2,084,371 | -€473,153 | -18.5% |
| Fixed assets | 21/28 | €2,014,405 | €1,882,420 | -€131,985 | -6.6% |
| Intangible fixed assets | 21 | €615,057 | €493,592 | -€121,465 | -19.7% |
| Tangible fixed assets | 22/27 | €1,399,349 | €1,388,828 | -€10,521 | -0.8% |
| Land and buildings | 22 | €1,398,164 | €1,342,164 | -€56,000 | -4.0% |
| Furniture and vehicles | 24 | €1,185 | €487 | -€698 | -58.9% |
| Assets under construction and advance payments | 27 | - | €46,177 | +€46,177 | |
| Current assets | 29/58 | €543,118 | €201,951 | -€341,167 | -62.8% |
| Amounts receivable within one year | 40/41 | €97,986 | €67,802 | -€30,184 | -30.8% |
| Trade receivables | 40 | €88,986 | €58,802 | -€30,184 | -33.9% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €439,765 | €134,149 | -€305,616 | -69.5% |
| Deferred charges and accrued income | 490/1 | €5,367 | - | -€5,367 | |
| Total equity and liabilities | 10/49 | €2,557,524 | €2,084,371 | -€473,153 | -18.5% |
| Equity | 10/15 | €641,708 | €514,113 | -€127,595 | -19.9% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €373,108 | €245,513 | -€127,595 | -34.2% |
| Distributable reserves | 133 | €373,108 | €245,513 | -€127,595 | -34.2% |
| Amounts payable | 17/49 | €1,915,815 | €1,570,258 | -€345,557 | -18.0% |
| Amounts payable after more than one year | 17 | €1,342,857 | €1,173,715 | -€169,142 | -12.6% |
| Financial debts | 170/4 | €1,342,857 | €1,173,715 | -€169,142 | -12.6% |
| Amounts payable within one year | 42/48 | €572,958 | €396,543 | -€176,415 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €57,143 | €133,143 | +€76,000 | +133.0% |
| Trade debts | 44 | €11,684 | €6,860 | -€4,824 | -41.3% |
| Suppliers | 440/4 | €11,684 | €6,860 | -€4,824 | -41.3% |
| Taxes, remuneration and social security | 45 | €114,131 | €56,540 | -€57,591 | -50.5% |
| Taxes | 450/3 | €75,155 | €16,776 | -€58,379 | -77.7% |
| Remuneration and social security | 454/9 | €38,975 | €39,764 | +€789 | +2.0% |
| Other amounts payable | 47/48 | €390,000 | €200,000 | -€190,000 | -48.7% |
| Non-recurring operating income | 76A | €21 | - | -€21 | |
| Remuneration, social security and pensions | 62 | €328,231 | €342,590 | +€14,359 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,998 | €178,162 | +€54,164 | +43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €175,000 | - | -€175,000 | |
| Other operating charges | 640/8 | €4,775 | €7,447 | +€2,672 | +56.0% |
| Non-recurring operating charges | 66A | - | €630 | +€630 | |
| Gross operating margin | 9900 | €1,412,246 | €979,978 | -€432,268 | -30.6% |
| Operating profit (loss) | 9901 | €780,242 | €451,149 | -€329,093 | -42.2% |
| Financial income | 75/76B | €907 | €4,500 | +€3,593 | +395.9% |
| Recurring financial income | 75 | €907 | €4,500 | +€3,593 | +395.9% |
| Financial charges | 65/66B | €25,999 | €71,729 | +€45,730 | +175.9% |
| Recurring financial charges | 65 | €25,999 | €71,729 | +€45,730 | +175.9% |
| Profit (loss) for the period before taxes | 9903 | €755,150 | €383,920 | -€371,230 | -49.2% |
| Income taxes | 67/77 | €200,111 | €102,516 | -€97,595 | -48.8% |
| Profit (loss) for the period | 9904 | €555,039 | €281,404 | -€273,635 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €555,039 | €281,404 | -€273,635 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.