FLORE STEFAN: 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 STEFAN
Largest movements
- Cash -€78,671
down €78,671 (-56.5%), from €139,130 to €60,458
mainly Contributions, distributions and other (-€71,972) and Net result for the year (-€26,325)
- Tangible fixed assets -€13,479
down €13,479 (-4.5%), from €301,730 to €288,251
of which Plant, machinery and equipment: -€7,977
- Receivables within one year -€13,205
down €13,205 (-63.5%), from €20,808 to €7,603
of which Trade receivables: -€9,027
- Contributions -€66,513
down €66,513 (-27.4%), from €242,500 to €175,987
- Profit (loss) carried forward -€26,325
down €26,325 (-30.2%), from €87,160 to €60,835
- Debts after one year -€11,000
down €11,000 (-67.3%), from €16,334 to €5,334
- Other debts +€6,587
up €6,587 (+387%), from €1,700 to €8,287
- Reserves -€5,459
down €5,459 (-5.2%), from €104,231 to €98,772
of which Non-distributable reserves: -€6,000
- Gross operating margin -€39,041
down €39,041, from €33,436 to -€5,605
- Write-downs -€24,399
down €24,399 (-100%), from €24,399 to €0
- Depreciation -€19,425
down €19,425 (-59.0%), from €32,904 to €13,479
- Financial income -€7,465
down €7,465 (-93.0%), from €8,029 to €564
- Other operating charges +€2,042
up €2,042 (+41.5%), from €4,915 to €6,957
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.
Derived cash bridge
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 | €466,468 | €361,123 | -€105,345 | -22.6% |
| Fixed assets | 21/28 | €301,730 | €288,251 | -€13,479 | -4.5% |
| Tangible fixed assets | 22/27 | €301,730 | €288,251 | -€13,479 | -4.5% |
| Land and buildings | 22 | €267,997 | €262,676 | -€5,321 | -2.0% |
| Plant, machinery and equipment | 23 | €33,543 | €25,566 | -€7,977 | -23.8% |
| Furniture and vehicles | 24 | €190 | €9 | -€181 | -95.3% |
| Current assets | 29/58 | €164,738 | €72,872 | -€91,866 | -55.8% |
| Stocks and contracts in progress | 3 | €1,800 | €1,800 | = | 0.0% |
| Stocks | 30/36 | €1,800 | €1,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,808 | €7,603 | -€13,205 | -63.5% |
| Trade receivables | 40 | €16,630 | €7,603 | -€9,027 | -54.3% |
| Other amounts receivable | 41 | €4,178 | €0 | -€4,178 | -100% |
| Cash at bank and in hand | 54/58 | €139,130 | €60,458 | -€78,671 | -56.5% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,011 | +€11 | +0.4% |
| Total equity and liabilities | 10/49 | €466,468 | €361,123 | -€105,345 | -22.6% |
| Equity | 10/15 | €433,891 | €335,594 | -€98,297 | -22.7% |
| Contributions | 10/11 | €242,500 | €175,987 | -€66,513 | -27.4% |
| Capital | 10 | €242,500 | - | -€242,500 | |
| Issued capital | 100 | €242,500 | - | -€242,500 | |
| Reserves | 13 | €104,231 | €98,772 | -€5,459 | -5.2% |
| Non-distributable reserves | 130/1 | €6,000 | €0 | -€6,000 | -100% |
| Legal reserve | 130 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €98,231 | €98,772 | +€541 | +0.6% |
| Profit (loss) carried forward | 14 | €87,160 | €60,835 | -€26,325 | -30.2% |
| Amounts payable | 17/49 | €32,577 | €25,529 | -€7,048 | -21.6% |
| Amounts payable after more than one year | 17 | €16,334 | €5,334 | -€11,000 | -67.3% |
| Financial debts | 170/4 | €16,334 | €5,334 | -€11,000 | -67.3% |
| Amounts payable within one year | 42/48 | €16,244 | €20,195 | +€3,952 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €11,000 | = | 0.0% |
| Trade debts | 44 | €238 | €856 | +€618 | +259% |
| Suppliers | 440/4 | €238 | €856 | +€618 | +259% |
| Taxes, remuneration and social security | 45 | €3,305 | €52 | -€3,253 | -98.4% |
| Taxes | 450/3 | €3,305 | €52 | -€3,253 | -98.4% |
| Other amounts payable | 47/48 | €1,700 | €8,287 | +€6,587 | +387% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,904 | €13,479 | -€19,425 | -59.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,399 | €0 | -€24,399 | -100% |
| Other operating charges | 640/8 | €4,915 | €6,957 | +€2,042 | +41.5% |
| Gross operating margin | 9900 | €33,436 | -€5,605 | -€39,041 | |
| Operating profit (loss) | 9901 | -€28,782 | -€26,041 | +€2,741 | +9.5% |
| Financial income | 75/76B | €8,029 | €564 | -€7,465 | -93.0% |
| Recurring financial income | 75 | €8,029 | €564 | -€7,465 | -93.0% |
| Financial charges | 65/66B | €686 | €529 | -€158 | -23.0% |
| Recurring financial charges | 65 | €686 | €529 | -€158 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,439 | -€26,006 | -€4,567 | -21.3% |
| Income taxes | 67/77 | €302 | €319 | +€17 | +5.6% |
| Profit (loss) for the period | 9904 | -€21,741 | -€26,325 | -€4,584 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,741 | -€26,325 | -€4,584 | -21.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.