FLO - MAT - BOIS: 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.
FLO - MAT - BOIS
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+53.8%), from €2.8m to €4.3m
of which Other amounts receivable: +€1.6m
- Tangible fixed assets -€872,485
down €872,485 (-39.5%), from €2.2m to €1.3m
- Cash +€856,444
up €856,444 (+461%), from €185,781 to €1.0m
mainly Net result for the year (+€1.3m) and Investment in fixed assets (net) (+€756,131)
- Reserves +€1.0m
up €1.0m (+4,308%), from €24,000 to €1.1m
of which Tax-exempt reserves: +€1.0m
- Provisions +€344,661
new in 2025: €344,661
- Profit (loss) carried forward +€268,883
up €268,883 (+20.1%), from €1.3m to €1.6m
- Short-term financial debts -€204,000
down €204,000 (-5.9%), from €3.4m to €3.2m
- Gross operating margin +€1.3m
up €1.3m (+199%), from €661,934 to €2.0m
- Financial charges -€57,818
down €57,818 (-32.0%), from €180,501 to €122,683
- Depreciation -€51,637
down €51,637 (-26.9%), from €192,191 to €140,554
- Financial income -€33,007
down €33,007 (-26.6%), from €124,296 to €91,289
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 | €5,246,604 | €6,725,450 | +€1.5m | +28.2% |
| Fixed assets | 21/28 | €2,236,600 | €1,339,915 | -€896,685 | -40.1% |
| Intangible fixed assets | 21 | €26,217 | €2,017 | -€24,200 | -92.3% |
| Tangible fixed assets | 22/27 | €2,210,133 | €1,337,648 | -€872,485 | -39.5% |
| Land and buildings | 22 | €2,210,133 | €1,337,648 | -€872,485 | -39.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €3,010,004 | €5,385,535 | +€2.4m | +78.9% |
| Amounts receivable within one year | 40/41 | €2,823,263 | €4,342,343 | +€1.5m | +53.8% |
| Trade receivables | 40 | €136,972 | €53,683 | -€83,288 | -60.8% |
| Other amounts receivable | 41 | €2,686,291 | €4,288,660 | +€1.6m | +59.6% |
| Cash at bank and in hand | 54/58 | €185,781 | €1,042,225 | +€856,444 | +461% |
| Deferred charges and accrued income | 490/1 | €961 | €967 | +€6 | +0.7% |
| Total equity and liabilities | 10/49 | €5,246,604 | €6,725,450 | +€1.5m | +28.2% |
| Equity | 10/15 | €1,601,328 | €2,904,193 | +€1.3m | +81.4% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €1,057,983 | +€1.0m | +4,308% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Legal reserve | 130 | €24,000 | €24,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,033,983 | +€1.0m | |
| Profit (loss) carried forward | 14 | €1,337,328 | €1,606,210 | +€268,883 | +20.1% |
| Provisions and deferred taxes | 16 | - | €344,661 | +€344,661 | |
| Deferred taxes | 168 | - | €344,661 | +€344,661 | |
| Amounts payable | 17/49 | €3,645,276 | €3,476,596 | -€168,680 | -4.6% |
| Amounts payable within one year | 42/48 | €3,593,211 | €3,437,320 | -€155,892 | -4.3% |
| Financial debts | 43 | €3,447,000 | €3,243,000 | -€204,000 | -5.9% |
| Credit institutions | 430/8 | €3,447,000 | €3,243,000 | -€204,000 | -5.9% |
| Trade debts | 44 | €51,994 | €96,652 | +€44,658 | +85.9% |
| Suppliers | 440/4 | €51,994 | €96,652 | +€44,658 | +85.9% |
| Taxes, remuneration and social security | 45 | €94,217 | €97,668 | +€3,451 | +3.7% |
| Taxes | 450/3 | €94,217 | €97,668 | +€3,451 | +3.7% |
| Accrued charges and deferred income | 492/3 | €52,065 | €39,277 | -€12,788 | -24.6% |
| Non-recurring operating income | 76A | - | €1,443,869 | +€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,191 | €140,554 | -€51,637 | -26.9% |
| Other operating charges | 640/8 | €59,474 | €61,341 | +€1,867 | +3.1% |
| Gross operating margin | 9900 | €661,934 | €1,981,325 | +€1.3m | +199% |
| Operating profit (loss) | 9901 | €410,269 | €1,779,430 | +€1.4m | +334% |
| Financial income | 75/76B | €124,296 | €91,289 | -€33,007 | -26.6% |
| Recurring financial income | 75 | €124,296 | €91,289 | -€33,007 | -26.6% |
| Financial charges | 65/66B | €180,501 | €122,683 | -€57,818 | -32.0% |
| Recurring financial charges | 65 | €180,501 | €122,683 | -€57,818 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €354,063 | €1,748,035 | +€1.4m | +394% |
| Transfer to deferred taxes | 680 | - | €344,661 | +€344,661 | |
| Income taxes | 67/77 | €90,713 | €100,509 | +€9,796 | +10.8% |
| Profit (loss) for the period | 9904 | €263,350 | €1,302,865 | +€1.0m | +395% |
| Transfer to tax-exempt reserves | 689 | - | €1,033,983 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €263,350 | €268,883 | +€5,533 | +2.1% |
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 30 October 2026 via checked.be.