FLOR ARTES: 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.
FLOR ARTES
Largest movements
- Tangible fixed assets -€30,382
down €30,382 (-25.4%), from €119,751 to €89,369
- Receivables within one year -€29,453
down €29,453 (-31.5%), from €93,616 to €64,163
of which Trade receivables: -€27,038
- Cash +€26,947
up €26,947 (+16.1%), from €167,529 to €194,476
mainly Depreciation (+€31,878) and Receivables within one year (+€29,453)
- Trade debts -€35,769
down €35,769 (-59.6%), from €60,065 to €24,296
- Current portion of long-term debt -€20,557
down €20,557 (-75.4%), from €27,267 to €6,711
- Profit (loss) carried forward +€12,439
up €12,439 (+149%), from €8,337 to €20,776
- Tax, wage and social debts +€11,630
up €11,630 (+14.7%), from €79,283 to €90,913
of which Taxes: +€8,252
- Debts after one year -€6,711
no longer reported in 2025 (was €6,711)
- Gross operating margin -€56,077
down €56,077 (-13.4%), from €419,262 to €363,185
- Staff costs -€28,081
down €28,081 (-8.3%), from €337,378 to €309,298
- Taxes -€7,072
down €7,072 (-47.4%), from €14,920 to €7,849
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 | €522,272 | €485,896 | -€36,376 | -7.0% |
| Fixed assets | 21/28 | €127,348 | €96,967 | -€30,382 | -23.9% |
| Tangible fixed assets | 22/27 | €119,751 | €89,369 | -€30,382 | -25.4% |
| Plant, machinery and equipment | 23 | €54,120 | €40,590 | -€13,530 | -25.0% |
| Furniture and vehicles | 24 | €27,938 | €15,433 | -€12,505 | -44.8% |
| Other tangible fixed assets | 26 | €37,693 | €33,346 | -€4,347 | -11.5% |
| Financial fixed assets | 28 | €7,598 | €7,598 | = | 0.0% |
| Current assets | 29/58 | €394,923 | €388,929 | -€5,994 | -1.5% |
| Stocks and contracts in progress | 3 | €128,662 | €125,611 | -€3,051 | -2.4% |
| Stocks | 30/36 | €128,662 | €125,611 | -€3,051 | -2.4% |
| Amounts receivable within one year | 40/41 | €93,616 | €64,163 | -€29,453 | -31.5% |
| Trade receivables | 40 | €75,715 | €48,678 | -€27,038 | -35.7% |
| Other amounts receivable | 41 | €17,901 | €15,485 | -€2,416 | -13.5% |
| Cash at bank and in hand | 54/58 | €167,529 | €194,476 | +€26,947 | +16.1% |
| Deferred charges and accrued income | 490/1 | €5,116 | €4,680 | -€436 | -8.5% |
| Total equity and liabilities | 10/49 | €522,272 | €485,896 | -€36,376 | -7.0% |
| Equity | 10/15 | €330,522 | €342,962 | +€12,439 | +3.8% |
| Contributions | 10/11 | €21,500 | €21,500 | = | 0.0% |
| Reserves | 13 | €300,686 | €300,686 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,536 | €28,536 | = | 0.0% |
| Distributable reserves | 133 | €272,150 | €272,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,337 | €20,776 | +€12,439 | +149% |
| Amounts payable | 17/49 | €191,749 | €142,934 | -€48,815 | -25.5% |
| Amounts payable after more than one year | 17 | €6,711 | - | -€6,711 | |
| Financial debts | 170/4 | €6,711 | - | -€6,711 | |
| Amounts payable within one year | 42/48 | €174,206 | €132,259 | -€41,947 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €27,267 | €6,711 | -€20,557 | -75.4% |
| Financial debts | 43 | - | €3,042 | +€3,042 | |
| Credit institutions | 430/8 | - | €3,042 | +€3,042 | |
| Trade debts | 44 | €60,065 | €24,296 | -€35,769 | -59.6% |
| Suppliers | 440/4 | €60,065 | €24,296 | -€35,769 | -59.6% |
| Taxes, remuneration and social security | 45 | €79,283 | €90,913 | +€11,630 | +14.7% |
| Taxes | 450/3 | €25,566 | €33,818 | +€8,252 | +32.3% |
| Remuneration and social security | 454/9 | €53,717 | €57,095 | +€3,378 | +6.3% |
| Other amounts payable | 47/48 | €7,591 | €7,298 | -€293 | -3.9% |
| Accrued charges and deferred income | 492/3 | €10,832 | €10,675 | -€157 | -1.5% |
| Remuneration, social security and pensions | 62 | €337,378 | €309,298 | -€28,081 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,428 | €31,878 | -€550 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,431 | - | -€2,431 | |
| Other operating charges | 640/8 | €1,835 | €1,932 | +€98 | +5.3% |
| Gross operating margin | 9900 | €419,262 | €363,185 | -€56,077 | -13.4% |
| Operating profit (loss) | 9901 | €45,190 | €20,077 | -€25,113 | -55.6% |
| Financial income | 75/76B | €135 | €1,222 | +€1,087 | +803% |
| Recurring financial income | 75 | €135 | €1,222 | +€1,087 | +803% |
| Financial charges | 65/66B | €1,941 | €1,011 | -€930 | -47.9% |
| Recurring financial charges | 65 | €1,941 | €1,011 | -€930 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €43,384 | €20,288 | -€23,096 | -53.2% |
| Income taxes | 67/77 | €14,920 | €7,849 | -€7,072 | -47.4% |
| Profit (loss) for the period | 9904 | €28,464 | €12,439 | -€16,025 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,464 | €12,439 | -€16,025 | -56.3% |
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 29 October 2026 via checked.be.