FLORACING: 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.
FLORACING
Largest movements
- Receivables within one year +€107,385
up €107,385 (+64.4%), from €166,786 to €274,170
of which Other amounts receivable: +€94,666
- Cash -€14,078
down €14,078 (-32.1%), from €43,903 to €29,824
mainly Receivables within one year (-€107,385) and Trade debts (-€98,883)
- Tangible fixed assets -€9,435
down €9,435 (-5.9%), from €160,617 to €151,182
of which Land and buildings: -€16,455
- Stocks and contracts -€9,080
down €9,080 (-21.7%), from €41,936 to €32,856
- Other debts +€136,994
up €136,994 (+53.4%), from €256,561 to €393,555
- Trade debts -€98,883
down €98,883 (-53.3%), from €185,383 to €86,500
- Profit (loss) carried forward +€57,236
up €57,236 (+47.6%), from -€120,283 to -€63,047
- Current portion of long-term debt -€24,321
no longer reported in 2024 (was €24,321)
- Gross operating margin +€32,437
up €32,437 (+19.0%), from €170,770 to €203,208
- Write-downs +€10,685
new in 2024: €10,685
- Taxes -€8,967
down €8,967 (-27.0%), from €33,183 to €24,217
- Other operating charges -€7,168
down €7,168 (-46.2%), from €15,519 to €8,351
- Depreciation +€6,810
up €6,810 (+33.4%), from €20,404 to €27,215
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.
Cash bridge derived
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 | €419,237 | €492,332 | +€73,096 | +17.4% |
| Fixed assets | 21/28 | €162,658 | €153,223 | -€9,435 | -5.8% |
| Tangible fixed assets | 22/27 | €160,617 | €151,182 | -€9,435 | -5.9% |
| Land and buildings | 22 | €141,458 | €125,004 | -€16,455 | -11.6% |
| Plant, machinery and equipment | 23 | €5,836 | €9,210 | +€3,375 | +57.8% |
| Furniture and vehicles | 24 | €13,323 | €16,968 | +€3,645 | +27.4% |
| Financial fixed assets | 28 | €2,041 | €2,041 | = | 0.0% |
| Current assets | 29/58 | €256,579 | €339,109 | +€82,530 | +32.2% |
| Stocks and contracts in progress | 3 | €41,936 | €32,856 | -€9,080 | -21.7% |
| Stocks | 30/36 | €41,936 | €32,856 | -€9,080 | -21.7% |
| Amounts receivable within one year | 40/41 | €166,786 | €274,170 | +€107,385 | +64.4% |
| Trade receivables | 40 | €145,806 | €158,525 | +€12,719 | +8.7% |
| Other amounts receivable | 41 | €20,980 | €115,646 | +€94,666 | +451.2% |
| Cash at bank and in hand | 54/58 | €43,903 | €29,824 | -€14,078 | -32.1% |
| Deferred charges and accrued income | 490/1 | €3,954 | €2,258 | -€1,696 | -42.9% |
| Total equity and liabilities | 10/49 | €419,237 | €492,332 | +€73,096 | +17.4% |
| Equity | 10/15 | -€90,283 | -€33,047 | +€57,236 | +63.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,283 | -€63,047 | +€57,236 | +47.6% |
| Amounts payable | 17/49 | €509,520 | €525,379 | +€15,860 | +3.1% |
| Amounts payable within one year | 42/48 | €509,468 | €525,295 | +€15,827 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €24,321 | - | -€24,321 | |
| Trade debts | 44 | €185,383 | €86,500 | -€98,883 | -53.3% |
| Suppliers | 440/4 | €185,383 | €86,500 | -€98,883 | -53.3% |
| Taxes, remuneration and social security | 45 | €43,203 | €45,241 | +€2,038 | +4.7% |
| Taxes | 450/3 | €31,464 | €32,641 | +€1,177 | +3.7% |
| Remuneration and social security | 454/9 | €11,738 | €12,600 | +€861 | +7.3% |
| Other amounts payable | 47/48 | €256,561 | €393,555 | +€136,994 | +53.4% |
| Accrued charges and deferred income | 492/3 | €52 | €84 | +€32 | +62.1% |
| Non-recurring operating income | 76A | €2,318 | - | -€2,318 | |
| Remuneration, social security and pensions | 62 | €73,244 | €71,997 | -€1,247 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,404 | €27,215 | +€6,810 | +33.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,685 | +€10,685 | |
| Other operating charges | 640/8 | €15,519 | €8,351 | -€7,168 | -46.2% |
| Non-recurring operating charges | 66A | €2,657 | €611 | -€2,046 | -77.0% |
| Gross operating margin | 9900 | €170,770 | €203,208 | +€32,437 | +19.0% |
| Operating profit (loss) | 9901 | €58,946 | €84,349 | +€25,403 | +43.1% |
| Financial income | 75/76B | €0 | €57 | +€57 | +567200.0% |
| Recurring financial income | 75 | €0 | €57 | +€57 | +567200.0% |
| Financial charges | 65/66B | €3,363 | €2,953 | -€410 | -12.2% |
| Recurring financial charges | 65 | €3,363 | €2,953 | -€410 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €55,583 | €81,453 | +€25,870 | +46.5% |
| Income taxes | 67/77 | €33,183 | €24,217 | -€8,967 | -27.0% |
| Profit (loss) for the period | 9904 | €22,399 | €57,236 | +€34,837 | +155.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,399 | €57,236 | +€34,837 | +155.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.