FLO: 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.
What changed
FLO
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€100,749
2024 · -€46,942-€53,806
Equity
€179,074
2024 · €279,822-€100,749
Cash
€52,022
2024 · €71,453-€19,431
Balance sheet total
€2.6m
2024 · €2.6m+€87,798
Largest movements
Assets
- Tangible fixed assets +€84,039
up €84,039 (+22.7%), from €370,601 to €454,640
- Stocks and contracts +€42,871
up €42,871 (+2.1%), from €2.0m to €2.1m
- Receivables within one year -€27,016
down €27,016 (-38.5%), from €70,170 to €43,153
Equity and liabilities
- Other debts +€264,014
up €264,014 (+16.7%), from €1.6m to €1.8m
- Profit (loss) carried forward -€100,749
down €100,749 (-43.1%), from -€233,922 to -€334,671
- Trade debts -€99,777
down €99,777 (-19.5%), from €510,689 to €410,912
Income statement
- Gross operating margin -€93,161
down €93,161 (-9.7%), from €956,453 to €863,292
- Staff costs -€49,602
down €49,602 (-5.5%), from €896,690 to €847,088
- Depreciation +€28,019
up €28,019 (+46.1%), from €60,813 to €88,832
- Financial charges -€15,502
down €15,502 (-18.6%), from €83,534 to €68,032
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.
Result 2024
-€46,942
Gross operating margin
-€93,161
Staff costs
+€49,602
Depreciation
-€28,019
Write-downs
+€6,700
Other operating charges
-€2,232
Financial income
-€2,198
Financial charges
+€15,502
Result 2025
-€100,749
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.
From operations
+€121,420
Investment
-€172,871
Financing
+€32,020
Cash 2024
€71,453
From operations (derived)
+€121,420
Net result for the year
-€100,749
Depreciation
+€88,832
Stocks and contracts
-€42,871
Receivables within one year
+€27,016
Deferred charges and accrued income
-€7,336
Trade debts
-€99,777
Tax, wage and social debts
-€6
Advances received
-€6,449
Other debts
+€264,014
Accrued charges and deferred income
-€1,254
Investment (derived)
-€172,871
Investment in fixed assets (net)
-€172,871
Financing
+€32,020
Debts after one year
+€19,913
Current portion of long-term debt
+€12,107
Cash 2025
€52,022
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,555,160 | €2,642,959 | +€87,798 | +3.4% |
| Fixed assets | 21/28 | €373,101 | €457,140 | +€84,039 | +22.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €370,601 | €454,640 | +€84,039 | +22.7% |
| Plant, machinery and equipment | 23 | €114,878 | €102,851 | -€12,027 | -10.5% |
| Furniture and vehicles | 24 | €17,386 | €39,577 | +€22,191 | +127.6% |
| Leasing and similar rights | 25 | - | €34,064 | +€34,064 | |
| Other tangible fixed assets | 26 | €238,337 | €278,148 | +€39,812 | +16.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €2,182,060 | €2,185,819 | +€3,759 | +0.2% |
| Stocks and contracts in progress | 3 | €2,030,830 | €2,073,702 | +€42,871 | +2.1% |
| Stocks | 30/36 | €2,030,830 | €2,073,702 | +€42,871 | +2.1% |
| Amounts receivable within one year | 40/41 | €70,170 | €43,153 | -€27,016 | -38.5% |
| Trade receivables | 40 | €70,170 | €43,153 | -€27,016 | -38.5% |
| Cash at bank and in hand | 54/58 | €71,453 | €52,022 | -€19,431 | -27.2% |
| Deferred charges and accrued income | 490/1 | €9,607 | €16,942 | +€7,336 | +76.4% |
| Total equity and liabilities | 10/49 | €2,555,160 | €2,642,959 | +€87,798 | +3.4% |
| Equity | 10/15 | €279,822 | €179,074 | -€100,749 | -36.0% |
| Contributions | 10/11 | €498,744 | €498,744 | = | 0.0% |
| Capital | 10 | €498,744 | €498,744 | = | 0.0% |
| Issued capital | 100 | €498,744 | €498,744 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,922 | -€334,671 | -€100,749 | -43.1% |
| Amounts payable | 17/49 | €2,275,338 | €2,463,885 | +€188,547 | +8.3% |
| Amounts payable after more than one year | 17 | - | €19,913 | +€19,913 | |
| Financial debts | 170/4 | - | €19,913 | +€19,913 | |
| Amounts payable within one year | 42/48 | €2,258,200 | €2,428,088 | +€169,888 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,107 | +€12,107 | |
| Trade debts | 44 | €510,689 | €410,912 | -€99,777 | -19.5% |
| Suppliers | 440/4 | €510,689 | €410,912 | -€99,777 | -19.5% |
| Advances received on contracts in progress | 46 | €12,835 | €6,386 | -€6,449 | -50.2% |
| Taxes, remuneration and social security | 45 | €157,680 | €157,673 | -€6 | 0.0% |
| Taxes | 450/3 | €7,558 | €16,940 | +€9,382 | +124.1% |
| Remuneration and social security | 454/9 | €150,122 | €140,733 | -€9,389 | -6.3% |
| Other amounts payable | 47/48 | €1,576,996 | €1,841,010 | +€264,014 | +16.7% |
| Accrued charges and deferred income | 492/3 | €17,138 | €15,884 | -€1,254 | -7.3% |
| Non-recurring operating income | 76A | €66,144 | €25,352 | -€40,792 | -61.7% |
| Remuneration, social security and pensions | 62 | €896,690 | €847,088 | -€49,602 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,813 | €88,832 | +€28,019 | +46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,773 | €1,074 | -€6,700 | -86.2% |
| Other operating charges | 640/8 | €15,056 | €17,287 | +€2,232 | +14.8% |
| Gross operating margin | 9900 | €956,453 | €863,292 | -€93,161 | -9.7% |
| Operating profit (loss) | 9901 | -€23,879 | -€90,989 | -€67,110 | -281.0% |
| Financial income | 75/76B | €60,470 | €58,272 | -€2,198 | -3.6% |
| Recurring financial income | 75 | €60,470 | €58,272 | -€2,198 | -3.6% |
| Financial charges | 65/66B | €83,534 | €68,032 | -€15,502 | -18.6% |
| Recurring financial charges | 65 | €83,534 | €68,032 | -€15,502 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,942 | -€100,749 | -€53,806 | -114.6% |
| Profit (loss) for the period | 9904 | -€46,942 | -€100,749 | -€53,806 | -114.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,942 | -€100,749 | -€53,806 | -114.6% |
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 3 October 2026 via checked.be.