Flor de Sal: 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 de Sal
Largest movements
- Receivables within one year +€9,891
up €9,891 (+73.8%), from €13,404 to €23,295
of which Trade receivables: +€5,178
- Cash +€3,220
up €3,220 (+173%), from €1,865 to €5,085
mainly Debts after one year (+€20,000) and Tax, wage and social debts (+€3,810)
- Tangible fixed assets -€1,469
down €1,469 (-16.5%), from €8,918 to €7,449
of which Furniture and vehicles: -€1,421
- Deferred charges and accrued income +€979
up €979 (+200%), from €491 to €1,470
- Intangible fixed assets -€963
down €963 (-39.8%), from €2,417 to €1,455
- Debts after one year +€20,000
new in 2024: €20,000
- Profit (loss) carried forward -€10,009
down €10,009, from €118 to -€9,891
- Other debts -€4,538
no longer reported in 2024 (was €4,538)
- Tax, wage and social debts +€3,810
up €3,810 (+53.0%), from €7,187 to €10,997
- Trade debts +€2,396
up €2,396 (+23.4%), from €10,259 to €12,655
- Write-downs +€12,325
new in 2024: €12,325
- Financial income +€6,292
up €6,292 (+105,919%), from €6 to €6,298
- Gross operating margin -€5,468
down €5,468 (-85.7%), from €6,380 to €912
- Taxes -€1,643
down €1,643 (-86.6%), from €1,898 to €255
- Depreciation +€755
up €755 (+29.2%), from €2,585 to €3,340
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,095 | €38,753 | +€11,658 | +43.0% |
| Fixed assets | 21/28 | €11,335 | €8,903 | -€2,432 | -21.5% |
| Intangible fixed assets | 21 | €2,417 | €1,455 | -€963 | -39.8% |
| Tangible fixed assets | 22/27 | €8,918 | €7,449 | -€1,469 | -16.5% |
| Plant, machinery and equipment | 23 | €3,060 | €3,331 | +€270 | +8.8% |
| Furniture and vehicles | 24 | €2,960 | €1,539 | -€1,421 | -48.0% |
| Other tangible fixed assets | 26 | €2,898 | €2,579 | -€319 | -11.0% |
| Current assets | 29/58 | €15,760 | €29,850 | +€14,090 | +89.4% |
| Amounts receivable within one year | 40/41 | €13,404 | €23,295 | +€9,891 | +73.8% |
| Trade receivables | 40 | €12,693 | €17,871 | +€5,178 | +40.8% |
| Other amounts receivable | 41 | €712 | €5,424 | +€4,712 | +662% |
| Cash at bank and in hand | 54/58 | €1,865 | €5,085 | +€3,220 | +173% |
| Deferred charges and accrued income | 490/1 | €491 | €1,470 | +€979 | +200% |
| Total equity and liabilities | 10/49 | €27,095 | €38,753 | +€11,658 | +43.0% |
| Equity | 10/15 | €5,110 | -€4,898 | -€10,009 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €3,992 | €3,992 | = | 0.0% |
| Distributable reserves | 133 | €3,992 | €3,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118 | -€9,891 | -€10,009 | |
| Amounts payable | 17/49 | €21,985 | €43,652 | +€21,667 | +98.6% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €21,985 | €23,652 | +€1,667 | +7.6% |
| Trade debts | 44 | €10,259 | €12,655 | +€2,396 | +23.4% |
| Suppliers | 440/4 | €10,259 | €12,655 | +€2,396 | +23.4% |
| Taxes, remuneration and social security | 45 | €7,187 | €10,997 | +€3,810 | +53.0% |
| Taxes | 450/3 | €7,187 | €10,997 | +€3,810 | +53.0% |
| Other amounts payable | 47/48 | €4,538 | - | -€4,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,585 | €3,340 | +€755 | +29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,325 | +€12,325 | |
| Other operating charges | 640/8 | €764 | €678 | -€86 | -11.2% |
| Gross operating margin | 9900 | €6,380 | €912 | -€5,468 | -85.7% |
| Operating profit (loss) | 9901 | €3,032 | -€15,430 | -€18,462 | |
| Financial income | 75/76B | €6 | €6,298 | +€6,292 | +105,919% |
| Recurring financial income | 75 | €6 | €6,298 | +€6,292 | +105,919% |
| Financial charges | 65/66B | €1,022 | €622 | -€401 | -39.2% |
| Recurring financial charges | 65 | €303 | €622 | +€319 | +105% |
| Non-recurring financial charges | 66B | €719 | - | -€719 | |
| Profit (loss) for the period before taxes | 9903 | €2,016 | -€9,754 | -€11,770 | |
| Income taxes | 67/77 | €1,898 | €255 | -€1,643 | -86.6% |
| Profit (loss) for the period | 9904 | €118 | -€10,009 | -€10,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €118 | -€10,009 | -€10,127 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.