FLORA: 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.
FLORA
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€74,761
down €74,761 (-21.0%), from €355,911 to €281,149
of which Trade receivables: -€45,717
- Tangible fixed assets -€34,888
down €34,888 (-37.6%), from €92,711 to €57,823
of which Plant, machinery and equipment: -€17,978
- Debts after one year -€196,206
down €196,206 (-77.4%), from €253,498 to €57,292
of which Other amounts payable: -€170,000
- Trade debts -€106,203
down €106,203 (-52.7%), from €201,657 to €95,454
- Reserves +€90,000
up €90,000 (+53.2%), from €169,156 to €259,156
- Tax, wage and social debts +€8,723
up €8,723 (+20.0%), from €43,525 to €52,248
of which Remuneration and social security: +€11,892
- Gross operating margin +€99,379
up €99,379 (+41.6%), from €238,773 to €338,152
- Taxes +€19,802
up €19,802 (+148.6%), from €13,324 to €33,126
- Staff costs +€19,022
up €19,022 (+12.3%), from €154,077 to €173,098
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €722,264 | €510,451 | -€211,813 | -29.3% |
| Fixed assets | 21/28 | €93,227 | €57,823 | -€35,405 | -38.0% |
| Intangible fixed assets | 21 | €517 | - | -€517 | |
| Tangible fixed assets | 22/27 | €92,711 | €57,823 | -€34,888 | -37.6% |
| Plant, machinery and equipment | 23 | €55,020 | €37,042 | -€17,978 | -32.7% |
| Furniture and vehicles | 24 | €37,691 | €20,781 | -€16,910 | -44.9% |
| Current assets | 29/58 | €629,036 | €452,628 | -€176,408 | -28.0% |
| Amounts receivable within one year | 40/41 | €355,911 | €281,149 | -€74,761 | -21.0% |
| Trade receivables | 40 | €293,317 | €247,600 | -€45,717 | -15.6% |
| Other amounts receivable | 41 | €62,594 | €33,550 | -€29,044 | -46.4% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €171,865 | €165,206 | -€6,659 | -3.9% |
| Deferred charges and accrued income | 490/1 | €1,261 | €6,273 | +€5,012 | +397.4% |
| Total equity and liabilities | 10/49 | €722,264 | €510,451 | -€211,813 | -29.3% |
| Equity | 10/15 | €190,741 | €279,965 | +€89,224 | +46.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €169,156 | €259,156 | +€90,000 | +53.2% |
| Distributable reserves | 133 | €169,156 | €259,156 | +€90,000 | +53.2% |
| Profit (loss) carried forward | 14 | €2,993 | €2,216 | -€776 | -25.9% |
| Amounts payable | 17/49 | €531,522 | €230,486 | -€301,036 | -56.6% |
| Amounts payable after more than one year | 17 | €253,498 | €57,292 | -€196,206 | -77.4% |
| Financial debts | 170/4 | €53,498 | €27,292 | -€26,206 | -49.0% |
| Other amounts payable | 178/9 | €200,000 | €30,000 | -€170,000 | -85.0% |
| Amounts payable within one year | 42/48 | €278,024 | €173,194 | -€104,830 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €22,803 | €24,113 | +€1,310 | +5.7% |
| Trade debts | 44 | €201,657 | €95,454 | -€106,203 | -52.7% |
| Suppliers | 440/4 | €201,657 | €95,454 | -€106,203 | -52.7% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €43,525 | €52,248 | +€8,723 | +20.0% |
| Taxes | 450/3 | €28,737 | €25,568 | -€3,169 | -11.0% |
| Remuneration and social security | 454/9 | €14,788 | €26,680 | +€11,892 | +80.4% |
| Other amounts payable | 47/48 | €7,040 | €1,380 | -€5,660 | -80.4% |
| Remuneration, social security and pensions | 62 | €154,077 | €173,098 | +€19,022 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,602 | €35,405 | -€198 | -0.6% |
| Other operating charges | 640/8 | €2,100 | €3,630 | +€1,530 | +72.8% |
| Gross operating margin | 9900 | €238,773 | €338,152 | +€99,379 | +41.6% |
| Operating profit (loss) | 9901 | €46,994 | €126,020 | +€79,026 | +168.2% |
| Financial income | 75/76B | €2,843 | €34 | -€2,808 | -98.8% |
| Recurring financial income | 75 | €2,843 | €34 | -€2,808 | -98.8% |
| Financial charges | 65/66B | €4,503 | €3,704 | -€799 | -17.7% |
| Recurring financial charges | 65 | €4,503 | €3,704 | -€799 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €45,333 | €122,350 | +€77,017 | +169.9% |
| Income taxes | 67/77 | €13,324 | €33,126 | +€19,802 | +148.6% |
| Profit (loss) for the period | 9904 | €32,009 | €89,224 | +€57,214 | +178.7% |
| Transfer from tax-exempt reserves | 789 | €2,600 | - | -€2,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,609 | €89,224 | +€54,614 | +157.8% |
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 6 October 2026 via checked.be.