FLODECO: 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.
What changed
FLODECO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,886
2024 · €13,442-€5,556
Equity
€856,518
2024 · €848,642+€7,876
Cash
€3,956
2024 · €9,380-€5,424
Balance sheet total
€1.4m
2024 · €1.5m-€20,436
Largest movements
Assets
- Tangible fixed assets -€20,750
down €20,750 (-1.5%), from €1.4m to €1.4m
of which Land and buildings: -€51,340
Equity and liabilities
- Debts after one year -€43,409
down €43,409 (-8.9%), from €488,284 to €444,875
Income statement
- Gross operating margin -€4,368
down €4,368 (-4.3%), from €101,609 to €97,241
- Depreciation +€2,795
up €2,795 (+4.8%), from €58,710 to €61,504
- Taxes -€1,240
down €1,240 (-17.0%), from €7,287 to €6,047
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
€13,442
Gross operating margin
-€4,368
Depreciation
-€2,795
Other operating charges
-€133
Financial income
+€4
Financial charges
+€495
Taxes
+€1,240
Result 2025
€7,886
raises the resultlowers the result
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.
From operations
+€71,964
Investment
-€40,755
Financing
-€36,633
Cash 2024
€9,380
From operations (derived)
+€71,964
Net result for the year
+€7,886
Depreciation
+€61,504
Receivables within one year
-€3,647
Deferred charges and accrued income
-€2,091
Provisions
-€2,542
Trade debts
+€5,535
Tax, wage and social debts
-€3,242
Other debts
+€9,770
Accrued charges and deferred income
-€1,210
Investment (derived)
-€40,755
Investment in fixed assets (net)
-€40,755
Financing
-€36,633
Debts after one year
-€43,409
Current portion of long-term debt
+€6,786
Contributions, distributions and other
-€10
Cash 2025
€3,956
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,453,605 | €1,433,169 | -€20,436 | -1.4% |
| Formation expenses | 20 | €16,972 | €16,972 | = | 0.0% |
| Fixed assets | 21/28 | €1,408,548 | €1,387,799 | -€20,750 | -1.5% |
| Tangible fixed assets | 22/27 | €1,408,548 | €1,387,799 | -€20,750 | -1.5% |
| Land and buildings | 22 | €1,406,421 | €1,355,081 | -€51,340 | -3.7% |
| Plant, machinery and equipment | 23 | €197 | €1,936 | +€1,739 | +883% |
| Furniture and vehicles | 24 | €1,930 | €2,921 | +€991 | +51.3% |
| Leasing and similar rights | 25 | - | €27,861 | +€27,861 | |
| Current assets | 29/58 | €28,085 | €28,398 | +€313 | +1.1% |
| Amounts receivable within one year | 40/41 | €18,705 | €22,352 | +€3,647 | +19.5% |
| Trade receivables | 40 | €16,320 | €16,153 | -€167 | -1.0% |
| Other amounts receivable | 41 | €2,386 | €6,199 | +€3,813 | +160% |
| Cash at bank and in hand | 54/58 | €9,380 | €3,956 | -€5,424 | -57.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,091 | +€2,091 | |
| Total equity and liabilities | 10/49 | €1,453,605 | €1,433,169 | -€20,436 | -1.4% |
| Equity | 10/15 | €848,642 | €856,518 | +€7,876 | +0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €591,227 | €591,227 | = | 0.0% |
| Reserves | 13 | €238,823 | €246,699 | +€7,876 | +3.3% |
| Tax-exempt reserves | 132 | €76,579 | €68,911 | -€7,668 | -10.0% |
| Distributable reserves | 133 | €162,244 | €177,788 | +€15,544 | +9.6% |
| Provisions and deferred taxes | 16 | €25,526 | €22,984 | -€2,542 | -10.0% |
| Deferred taxes | 168 | €25,526 | €22,984 | -€2,542 | -10.0% |
| Amounts payable | 17/49 | €579,436 | €553,667 | -€25,770 | -4.4% |
| Amounts payable after more than one year | 17 | €488,284 | €444,875 | -€43,409 | -8.9% |
| Financial debts | 170/4 | €488,284 | €444,875 | -€43,409 | -8.9% |
| Amounts payable within one year | 42/48 | €89,942 | €108,791 | +€18,849 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €64,698 | €71,484 | +€6,786 | +10.5% |
| Trade debts | 44 | €9,678 | €15,213 | +€5,535 | +57.2% |
| Suppliers | 440/4 | €9,678 | €15,213 | +€5,535 | +57.2% |
| Taxes, remuneration and social security | 45 | €10,437 | €7,195 | -€3,242 | -31.1% |
| Taxes | 450/3 | €10,437 | €7,195 | -€3,242 | -31.1% |
| Other amounts payable | 47/48 | €5,129 | €14,898 | +€9,770 | +190% |
| Accrued charges and deferred income | 492/3 | €1,210 | €0 | -€1,210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,710 | €61,504 | +€2,795 | +4.8% |
| Other operating charges | 640/8 | €14,509 | €14,642 | +€133 | +0.9% |
| Gross operating margin | 9900 | €101,609 | €97,241 | -€4,368 | -4.3% |
| Operating profit (loss) | 9901 | €28,390 | €21,095 | -€7,295 | -25.7% |
| Financial income | 75/76B | €1 | €5 | +€4 | +663% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +663% |
| Financial charges | 65/66B | €10,213 | €9,719 | -€495 | -4.8% |
| Recurring financial charges | 65 | €10,213 | €9,719 | -€495 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €18,177 | €11,381 | -€6,796 | -37.4% |
| Transfer from deferred taxes | 780 | €2,553 | €2,553 | = | 0.0% |
| Income taxes | 67/77 | €7,287 | €6,047 | -€1,240 | -17.0% |
| Profit (loss) for the period | 9904 | €13,442 | €7,886 | -€5,556 | -41.3% |
| Transfer from tax-exempt reserves | 789 | €7,658 | €7,658 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,100 | €15,544 | -€5,556 | -26.3% |
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 1 November 2026 via checked.be.