FLORE RESEARCH: 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.
FLORE RESEARCH
Largest movements
- Receivables within one year +€9,701
up €9,701 (+73.4%), from €13,218 to €22,919
of which Trade receivables: +€13,385
- Cash -€8,956
down €8,956 (-28.8%), from €31,099 to €22,142
mainly Contributions, distributions and other (-€29,300) and Receivables within one year (-€9,701)
- Tangible fixed assets +€807
new in 2025: €807
- Profit (loss) carried forward +€12,188
up €12,188 (+56.1%), from €21,715 to €33,903
- Other debts -€9,200
down €9,200 (-85.1%), from €10,805 to €1,606
- Trade debts -€1,678
down €1,678 (-69.2%), from €2,426 to €748
- Taxes +€665
new in 2025: €665
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 | €44,317 | €46,037 | +€1,721 | +3.9% |
| Fixed assets | 21/28 | - | €807 | +€807 | |
| Tangible fixed assets | 22/27 | - | €807 | +€807 | |
| Furniture and vehicles | 24 | - | €807 | +€807 | |
| Current assets | 29/58 | €44,317 | €45,230 | +€914 | +2.1% |
| Amounts receivable within one year | 40/41 | €13,218 | €22,919 | +€9,701 | +73.4% |
| Trade receivables | 40 | €3,191 | €16,576 | +€13,385 | +419.5% |
| Other amounts receivable | 41 | €10,027 | €6,343 | -€3,684 | -36.7% |
| Cash at bank and in hand | 54/58 | €31,099 | €22,142 | -€8,956 | -28.8% |
| Deferred charges and accrued income | 490/1 | - | €169 | +€169 | |
| Total equity and liabilities | 10/49 | €44,317 | €46,037 | +€1,721 | +3.9% |
| Equity | 10/15 | €31,085 | €43,273 | +€12,188 | +39.2% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €3,160 | €3,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,715 | €33,903 | +€12,188 | +56.1% |
| Amounts payable | 17/49 | €13,232 | €2,764 | -€10,468 | -79.1% |
| Amounts payable within one year | 42/48 | €13,232 | €2,764 | -€10,468 | -79.1% |
| Trade debts | 44 | €2,426 | €748 | -€1,678 | -69.2% |
| Suppliers | 440/4 | €2,426 | €748 | -€1,678 | -69.2% |
| Taxes, remuneration and social security | 45 | - | €410 | +€410 | |
| Taxes | 450/3 | - | €410 | +€410 | |
| Other amounts payable | 47/48 | €10,805 | €1,606 | -€9,200 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €108 | +€108 | |
| Other operating charges | 640/8 | €387 | €458 | +€70 | +18.2% |
| Gross operating margin | 9900 | €42,597 | €42,833 | +€236 | +0.6% |
| Operating profit (loss) | 9901 | €42,210 | €42,268 | +€58 | +0.1% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €117 | €133 | +€16 | +13.8% |
| Recurring financial charges | 65 | €117 | €133 | +€16 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €42,093 | €42,153 | +€60 | +0.1% |
| Income taxes | 67/77 | - | €665 | +€665 | |
| Profit (loss) for the period | 9904 | €42,093 | €41,488 | -€604 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,093 | €41,488 | -€604 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.