FLOREAC: 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.
What changed
FLOREAC
NACE 46.220, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€912,536
2024 · -€74,281-€838,255
Equity
€6.4m
2024 · €7.4m-€912,536
Cash
€306,901
2024 · €974,121-€667,219
Balance sheet total
€11.3m
2024 · €12.8m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-14.8%), from €8.1m to €6.9m
of which Trade receivables: -€1.1m
- Cash -€667,219
down €667,219 (-68.5%), from €974,121 to €306,901
mainly Net result for the year (-€912,536) and Current investments (-€400,000)
- Current investments +€400,000
up €400,000 (+26.7%), from €1.5m to €1.9m
Equity and liabilities
- Reserves -€912,536
down €912,536 (-25.0%), from €3.7m to €2.7m
of which Distributable reserves: -€912,536
- Other debts -€348,914
down €348,914 (-100.0%), from €348,914 to €0
- Trade debts -€237,927
down €237,927 (-6.9%), from €3.4m to €3.2m
- Tax, wage and social debts -€219,075
down €219,075 (-14.0%), from €1.6m to €1.3m
of which Remuneration and social security: -€313,800
- Provisions +€174,432
up €174,432 (+154.3%), from €113,035 to €287,467
of which Provisions for liabilities and charges: +€185,573
Income statement
- Services and other goods +€1.4m
up €1.4m (+7.4%), from €19.1m to €20.5m
- Staff costs -€863,131
down €863,131 (-12.5%), from €6.9m to €6.0m
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.
Result 2024
-€74,281
Turnover
-€504,141
Other operating income
+€30,617
Goods and materials
+€581,759
Services and other goods
-€1.4m
Staff costs
+€863,131
Depreciation
-€151,656
Write-downs
+€60,237
Provisions
+€100,000
Other operating charges
+€29,249
Other operating items
-€399,230
Financial income
-€52,377
Financial charges
-€16,681
Taxes
+€30,935
Result 2025
-€912,536
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.
From operations
+€108,091
Investment
-€775,310
Financing
€0
Cash 2024
€974,121
From operations (derived)
+€108,091
Net result for the year
-€912,536
Depreciation
+€494,762
Stocks and contracts
-€3,889
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€26,706
Provisions
+€174,432
Trade debts
-€237,927
Tax, wage and social debts
-€219,075
Other debts
-€348,914
Accrued charges and deferred income
-€3,750
Investment (derived)
-€775,310
Investment in fixed assets (net)
-€375,310
Current investments
-€400,000
Cash 2025
€306,901
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,825,104 | €11,277,334 | -€1.5m | -12.1% |
| Fixed assets | 21/28 | €1,973,369 | €1,853,917 | -€119,452 | -6.1% |
| Intangible fixed assets | 21 | €791,827 | €728,422 | -€63,406 | -8.0% |
| Tangible fixed assets | 22/27 | €423,390 | €367,344 | -€56,046 | -13.2% |
| Plant, machinery and equipment | 23 | €124,940 | €127,114 | +€2,174 | +1.7% |
| Furniture and vehicles | 24 | €298,450 | €240,230 | -€58,221 | -19.5% |
| Financial fixed assets | 28 | €758,152 | €758,152 | = | 0.0% |
| Affiliated companies | 280/1 | €737,927 | €737,927 | = | 0.0% |
| Participating interests | 280 | €737,927 | €737,927 | = | 0.0% |
| Other financial fixed assets | 284/8 | €20,225 | €20,225 | = | 0.0% |
| Shares | 284 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €10,851,735 | €9,423,416 | -€1.4m | -13.2% |
| Stocks and contracts in progress | 3 | €250,733 | €254,622 | +€3,889 | +1.6% |
| Stocks | 30/36 | €250,733 | €254,622 | +€3,889 | +1.6% |
| Raw materials and consumables | 30/31 | €12,700 | €12,700 | = | 0.0% |
| Goods purchased for resale | 34 | €238,033 | €241,922 | +€3,889 | +1.6% |
| Amounts receivable within one year | 40/41 | €8,073,780 | €6,882,086 | -€1.2m | -14.8% |
| Trade receivables | 40 | €7,169,053 | €6,040,471 | -€1.1m | -15.7% |
| Other amounts receivable | 41 | €904,727 | €841,615 | -€63,112 | -7.0% |
| Current investments | 50/53 | €1,500,000 | €1,900,000 | +€400,000 | +26.7% |
| Other investments | 51/53 | €1,500,000 | €1,900,000 | +€400,000 | +26.7% |
| Cash at bank and in hand | 54/58 | €974,121 | €306,901 | -€667,219 | -68.5% |
| Deferred charges and accrued income | 490/1 | €53,101 | €79,807 | +€26,706 | +50.3% |
| Total equity and liabilities | 10/49 | €12,825,104 | €11,277,334 | -€1.5m | -12.1% |
| Equity | 10/15 | €7,362,082 | €6,449,546 | -€912,536 | -12.4% |
| Contributions | 10/11 | €3,706,592 | €3,706,592 | = | 0.0% |
| Capital | 10 | €3,706,592 | €3,706,592 | = | 0.0% |
| Issued capital | 100 | €3,868,213 | €3,868,213 | = | 0.0% |
| Uncalled capital | 101 | €161,621 | €161,621 | = | 0.0% |
| Reserves | 13 | €3,655,490 | €2,742,954 | -€912,536 | -25.0% |
| Non-distributable reserves | 130/1 | €223,700 | €223,700 | = | 0.0% |
| Legal reserve | 130 | €223,700 | €223,700 | = | 0.0% |
| Distributable reserves | 133 | €3,431,790 | €2,519,254 | -€912,536 | -26.6% |
| Provisions and deferred taxes | 16 | €113,035 | €287,467 | +€174,432 | +154.3% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €285,573 | +€185,573 | +185.6% |
| Other liabilities and charges | 164/5 | €100,000 | €285,573 | +€185,573 | +185.6% |
| Deferred taxes | 168 | €13,035 | €1,894 | -€11,141 | -85.5% |
| Amounts payable | 17/49 | €5,349,987 | €4,540,321 | -€809,667 | -15.1% |
| Amounts payable within one year | 42/48 | €5,346,237 | €4,540,321 | -€805,917 | -15.1% |
| Trade debts | 44 | €3,433,500 | €3,195,573 | -€237,927 | -6.9% |
| Suppliers | 440/4 | €3,433,500 | €3,195,573 | -€237,927 | -6.9% |
| Taxes, remuneration and social security | 45 | €1,563,822 | €1,344,747 | -€219,075 | -14.0% |
| Taxes | 450/3 | €371,440 | €466,164 | +€94,724 | +25.5% |
| Remuneration and social security | 454/9 | €1,192,383 | €878,583 | -€313,800 | -26.3% |
| Other amounts payable | 47/48 | €348,914 | €0 | -€348,914 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,750 | €0 | -€3,750 | -100.0% |
| Operating income | 70/76A | €73,299,762 | €72,824,140 | -€475,621 | -0.6% |
| Turnover | 70 | €73,182,320 | €72,678,179 | -€504,141 | -0.7% |
| Other operating income | 74 | €114,974 | €145,591 | +€30,617 | +26.6% |
| Non-recurring operating income | 76A | €2,467 | €371 | -€2,096 | -85.0% |
| Operating charges | 60/66A | €73,258,417 | €73,582,928 | +€324,511 | +0.4% |
| Goods for resale, raw materials and consumables | 60 | €46,774,100 | €46,192,342 | -€581,759 | -1.2% |
| Purchases | 600/8 | €46,789,875 | €46,196,231 | -€593,645 | -1.3% |
| Change in stocks: decrease (increase) | 609 | -€15,775 | -€3,889 | +€11,886 | +75.3% |
| Services and other goods | 61 | €19,057,524 | €20,467,621 | +€1.4m | +7.4% |
| Remuneration, social security and pensions | 62 | €6,898,207 | €6,035,076 | -€863,131 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,106 | €494,762 | +€151,656 | +44.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,942 | -€24,295 | -€60,237 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Other operating charges | 640/8 | €49,538 | €20,289 | -€29,249 | -59.0% |
| Non-recurring operating charges | 66A | €0 | €397,134 | +€397,134 | |
| Operating profit (loss) | 9901 | €41,344 | -€758,788 | -€800,132 | |
| Financial income | 75/76B | €242,272 | €189,896 | -€52,377 | -21.6% |
| Recurring financial income | 75 | €242,272 | €189,896 | -€52,377 | -21.6% |
| Income from current assets | 751 | €91,612 | €62,419 | -€29,193 | -31.9% |
| Other financial income | 752/9 | €150,660 | €127,477 | -€23,183 | -15.4% |
| Financial charges | 65/66B | €323,311 | €339,992 | +€16,681 | +5.2% |
| Recurring financial charges | 65 | €323,311 | €339,992 | +€16,681 | +5.2% |
| Debt charges | 650 | €51,281 | €76,071 | +€24,789 | +48.3% |
| Other financial charges | 652/9 | €272,030 | €263,921 | -€8,109 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,694 | -€908,884 | -€869,189 | -2189.7% |
| Transfer from deferred taxes | 780 | €11,141 | €11,141 | = | 0.0% |
| Income taxes | 67/77 | €45,727 | €14,793 | -€30,935 | -67.7% |
| Taxes | 670/3 | €45,727 | €14,793 | -€30,935 | -67.7% |
| Profit (loss) for the period | 9904 | -€74,281 | -€912,536 | -€838,255 | -1128.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,281 | -€912,536 | -€838,255 | -1128.5% |
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 12 October 2026 via checked.be.