FLOR - EXPRESS: 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
FLOR - EXPRESS
NACE 46.220, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€34,596
2024 · -€5,233-€29,363
Equity
€593,103
2024 · €627,698-€34,596
Cash
€298,440
2024 · €289,146+€9,295
Balance sheet total
€1.4m
2024 · €1.1m+€270,856
Largest movements
Assets
- Receivables within one year +€293,704
up €293,704 (+52.5%), from €559,395 to €853,100
of which Trade receivables: +€257,833
- Tangible fixed assets -€36,315
down €36,315 (-16.9%), from €215,497 to €179,182
of which Furniture and vehicles: -€22,680
- Stocks and contracts +€14,345
up €14,345 (+31.5%), from €45,518 to €59,863
Equity and liabilities
- Short-term financial debts +€375,000
up €375,000 (+300.0%), from €125,000 to €500,000
- Current portion of long-term debt -€63,459
down €63,459 (-60.0%), from €105,847 to €42,388
- Debts after one year -€42,388
down €42,388 (-79.6%), from €53,265 to €10,878
- Profit (loss) carried forward -€34,596
down €34,596 (-7.4%), from €464,377 to €429,782
- Trade debts +€34,575
up €34,575 (+68.3%), from €50,587 to €85,162
Income statement
- Gross operating margin -€57,537
down €57,537 (-15.3%), from €376,870 to €319,333
- Depreciation -€19,704
down €19,704 (-23.9%), from €82,307 to €62,603
- Staff costs -€11,902
down €11,902 (-4.6%), from €259,712 to €247,810
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
-€5,233
Gross operating margin
-€57,537
Staff costs
+€11,902
Depreciation
+€19,704
Other operating charges
-€3,712
Other operating items
+€337
Financial income
+€203
Financial charges
-€259
Result 2025
-€34,596
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
-€234,075
Investment
-€25,783
Financing
+€269,153
Cash 2024
€289,146
From operations (derived)
-€234,075
Net result for the year
-€34,596
Depreciation
+€62,603
Stocks and contracts
-€14,345
Receivables within one year
-€293,704
Deferred charges and accrued income
+€9,668
Trade debts
+€34,575
Tax, wage and social debts
+€20,331
Other debts
-€18,595
Accrued charges and deferred income
-€12
Investment (derived)
-€25,783
Investment in fixed assets (net)
-€25,783
Financing
+€269,153
Debts after one year
-€42,388
Current portion of long-term debt
-€63,459
Short-term financial debts
+€375,000
Cash 2025
€298,440
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,129,935 | €1,400,792 | +€270,856 | +24.0% |
| Fixed assets | 21/28 | €216,469 | €179,649 | -€36,820 | -17.0% |
| Tangible fixed assets | 22/27 | €215,497 | €179,182 | -€36,315 | -16.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €60,360 | €49,164 | -€11,196 | -18.5% |
| Furniture and vehicles | 24 | €135,933 | €113,253 | -€22,680 | -16.7% |
| Other tangible fixed assets | 26 | €19,203 | €16,764 | -€2,439 | -12.7% |
| Financial fixed assets | 28 | €972 | €467 | -€505 | -52.0% |
| Current assets | 29/58 | €913,467 | €1,221,143 | +€307,676 | +33.7% |
| Stocks and contracts in progress | 3 | €45,518 | €59,863 | +€14,345 | +31.5% |
| Stocks | 30/36 | €45,518 | €59,863 | +€14,345 | +31.5% |
| Amounts receivable within one year | 40/41 | €559,395 | €853,100 | +€293,704 | +52.5% |
| Trade receivables | 40 | €452,463 | €710,296 | +€257,833 | +57.0% |
| Other amounts receivable | 41 | €106,932 | €142,803 | +€35,871 | +33.5% |
| Cash at bank and in hand | 54/58 | €289,146 | €298,440 | +€9,295 | +3.2% |
| Deferred charges and accrued income | 490/1 | €19,408 | €9,740 | -€9,668 | -49.8% |
| Total equity and liabilities | 10/49 | €1,129,935 | €1,400,792 | +€270,856 | +24.0% |
| Equity | 10/15 | €627,698 | €593,103 | -€34,596 | -5.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €101,347 | €101,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,150 | €19,150 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €464,377 | €429,782 | -€34,596 | -7.4% |
| Amounts payable | 17/49 | €502,237 | €807,689 | +€305,452 | +60.8% |
| Amounts payable after more than one year | 17 | €53,265 | €10,878 | -€42,388 | -79.6% |
| Financial debts | 170/4 | €53,265 | €10,878 | -€42,388 | -79.6% |
| Amounts payable within one year | 42/48 | €448,947 | €796,799 | +€347,852 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €105,847 | €42,388 | -€63,459 | -60.0% |
| Financial debts | 43 | €125,000 | €500,000 | +€375,000 | +300.0% |
| Credit institutions | 430/8 | €125,000 | €500,000 | +€375,000 | +300.0% |
| Trade debts | 44 | €50,587 | €85,162 | +€34,575 | +68.3% |
| Suppliers | 440/4 | €50,587 | €85,162 | +€34,575 | +68.3% |
| Taxes, remuneration and social security | 45 | €49,109 | €69,440 | +€20,331 | +41.4% |
| Taxes | 450/3 | €6,172 | €17,769 | +€11,597 | +187.9% |
| Remuneration and social security | 454/9 | €42,937 | €51,670 | +€8,733 | +20.3% |
| Other amounts payable | 47/48 | €118,405 | €99,809 | -€18,595 | -15.7% |
| Accrued charges and deferred income | 492/3 | €25 | €13 | -€12 | -48.8% |
| Non-recurring operating income | 76A | - | €45,000 | +€45,000 | |
| Remuneration, social security and pensions | 62 | €259,712 | €247,810 | -€11,902 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,307 | €62,603 | -€19,704 | -23.9% |
| Other operating charges | 640/8 | €6,355 | €10,067 | +€3,712 | +58.4% |
| Non-recurring operating charges | 66A | €337 | €0 | -€337 | -100.0% |
| Gross operating margin | 9900 | €376,870 | €319,333 | -€57,537 | -15.3% |
| Operating profit (loss) | 9901 | €28,160 | -€1,147 | -€29,306 | |
| Financial income | 75/76B | €44 | €247 | +€203 | +458.6% |
| Recurring financial income | 75 | €44 | €247 | +€203 | +458.6% |
| Financial charges | 65/66B | €33,437 | €33,696 | +€259 | +0.8% |
| Recurring financial charges | 65 | €33,437 | €33,696 | +€259 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,233 | -€34,596 | -€29,363 | -561.1% |
| Profit (loss) for the period | 9904 | -€5,233 | -€34,596 | -€29,363 | -561.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,233 | -€34,596 | -€29,363 | -561.1% |
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 7 October 2026 via checked.be.