FLORANCES: 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.
FLORANCES
Largest movements
- Cash +€373,382
up €373,382 (+112.6%), from €331,595 to €704,977
mainly Net result for the year (+€347,397) and Depreciation (+€203,296)
- Current investments -€150,525
down €150,525 (-42.9%), from €351,104 to €200,580
- Tangible fixed assets -€55,531
down €55,531 (-3.7%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€130,374
- Receivables within one year +€47,711
up €47,711 (+41.0%), from €116,335 to €164,046
of which Trade receivables: +€53,458
- Reserves +€347,397
up €347,397 (+104.6%), from €332,204 to €679,602
- Debts after one year -€242,731
down €242,731 (-13.4%), from €1.8m to €1.6m
of which Trade debts: -€576,343
- Tax, wage and social debts +€85,773
up €85,773 (+46.2%), from €185,470 to €271,243
of which Taxes: +€56,997
- Trade debts -€56,477
down €56,477 (-32.9%), from €171,719 to €115,243
- Gross operating margin -€136,069
down €136,069 (-8.0%), from €1.7m to €1.6m
- Staff costs -€65,344
down €65,344 (-7.3%), from €893,296 to €827,953
- Depreciation -€44,227
down €44,227 (-17.9%), from €247,523 to €203,296
- Financial charges -€41,470
down €41,470 (-35.4%), from €117,301 to €75,830
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 | €2,874,210 | €3,056,866 | +€182,657 | +6.4% |
| Formation expenses | 20 | €2,764 | €2,040 | -€724 | -26.2% |
| Fixed assets | 21/28 | €1,734,348 | €1,651,817 | -€82,531 | -4.8% |
| Intangible fixed assets | 21 | €238,426 | €211,426 | -€27,000 | -11.3% |
| Tangible fixed assets | 22/27 | €1,491,662 | €1,436,131 | -€55,531 | -3.7% |
| Plant, machinery and equipment | 23 | €1,491,662 | €1,361,287 | -€130,374 | -8.7% |
| Furniture and vehicles | 24 | - | €39,484 | +€39,484 | |
| Other tangible fixed assets | 26 | - | €35,359 | +€35,359 | |
| Financial fixed assets | 28 | €4,260 | €4,260 | = | 0.0% |
| Current assets | 29/58 | €1,137,098 | €1,403,009 | +€265,911 | +23.4% |
| Stocks and contracts in progress | 3 | €335,884 | €329,646 | -€6,238 | -1.9% |
| Stocks | 30/36 | €335,884 | €329,646 | -€6,238 | -1.9% |
| Amounts receivable within one year | 40/41 | €116,335 | €164,046 | +€47,711 | +41.0% |
| Trade receivables | 40 | €105,267 | €158,725 | +€53,458 | +50.8% |
| Other amounts receivable | 41 | €11,068 | €5,320 | -€5,747 | -51.9% |
| Current investments | 50/53 | €351,104 | €200,580 | -€150,525 | -42.9% |
| Cash at bank and in hand | 54/58 | €331,595 | €704,977 | +€373,382 | +112.6% |
| Deferred charges and accrued income | 490/1 | €2,179 | €3,760 | +€1,581 | +72.5% |
| Total equity and liabilities | 10/49 | €2,874,210 | €3,056,866 | +€182,657 | +6.4% |
| Equity | 10/15 | €582,204 | €929,602 | +€347,397 | +59.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €332,204 | €679,602 | +€347,397 | +104.6% |
| Distributable reserves | 133 | €332,204 | €679,602 | +€347,397 | +104.6% |
| Amounts payable | 17/49 | €2,292,005 | €2,127,265 | -€164,741 | -7.2% |
| Amounts payable after more than one year | 17 | €1,807,644 | €1,564,914 | -€242,731 | -13.4% |
| Financial debts | 170/4 | €1,231,302 | €1,564,914 | +€333,612 | +27.1% |
| Trade debts | 175 | €576,343 | €0 | -€576,343 | -100.0% |
| Amounts payable within one year | 42/48 | €481,350 | €549,979 | +€68,628 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €124,161 | €148,210 | +€24,049 | +19.4% |
| Trade debts | 44 | €171,719 | €115,243 | -€56,477 | -32.9% |
| Suppliers | 440/4 | €171,719 | €115,243 | -€56,477 | -32.9% |
| Advances received on contracts in progress | 46 | - | €15,283 | +€15,283 | |
| Taxes, remuneration and social security | 45 | €185,470 | €271,243 | +€85,773 | +46.2% |
| Taxes | 450/3 | €103,562 | €160,559 | +€56,997 | +55.0% |
| Remuneration and social security | 454/9 | €81,908 | €110,684 | +€28,776 | +35.1% |
| Accrued charges and deferred income | 492/3 | €3,011 | €12,372 | +€9,362 | +311.0% |
| Remuneration, social security and pensions | 62 | €893,296 | €827,953 | -€65,344 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,523 | €203,296 | -€44,227 | -17.9% |
| Other operating charges | 640/8 | €3,990 | €4,299 | +€309 | +7.7% |
| Gross operating margin | 9900 | €1,693,118 | €1,557,049 | -€136,069 | -8.0% |
| Operating profit (loss) | 9901 | €548,309 | €521,502 | -€26,807 | -4.9% |
| Financial income | 75/76B | €6,384 | €10,038 | +€3,654 | +57.2% |
| Recurring financial income | 75 | €6,384 | €10,038 | +€3,654 | +57.2% |
| Financial charges | 65/66B | €117,301 | €75,830 | -€41,470 | -35.4% |
| Recurring financial charges | 65 | €117,301 | €75,830 | -€41,470 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €437,392 | €455,710 | +€18,318 | +4.2% |
| Income taxes | 67/77 | €105,188 | €108,312 | +€3,125 | +3.0% |
| Profit (loss) for the period | 9904 | €332,204 | €347,397 | +€15,193 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €332,204 | €347,397 | +€15,193 | +4.6% |
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 30 September 2026 via checked.be.