Florence Havenith: 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.
Florence Havenith
Largest movements
- Tangible fixed assets -€6,165
down €6,165 (-9.0%), from €68,711 to €62,546
of which Furniture and vehicles: -€5,311
- Cash -€2,738
down €2,738 (-4.6%), from €59,771 to €57,034
mainly Contributions, distributions and other (-€60,000) and Investment in fixed assets (net) (-€6,868)
- Stocks and contracts +€2,295
up €2,295 (+45.6%), from €5,035 to €7,330
- Receivables within one year +€1,817
up €1,817 (+37.3%), from €4,865 to €6,681
of which Other amounts receivable: +€1,689
- Other debts +€60,900
up €60,900 (+20,300%), from €300 to €61,200
- Profit (loss) carried forward -€49,227
down €49,227 (-69.3%), from €70,990 to €21,763
- Reserves -€10,000
down €10,000 (-37.2%), from €26,855 to €16,855
- Debts after one year -€4,665
down €4,665 (-49.1%), from €9,492 to €4,828
- Gross operating margin -€9,575
down €9,575 (-36.7%), from €26,087 to €16,512
- Depreciation +€4,679
up €4,679 (+56.0%), from €8,354 to €13,033
- Taxes -€4,190
down €4,190 (-98.1%), from €4,272 to €83
- Other operating charges +€923
up €923 (+235%), from €393 to €1,316
- Financial charges +€346
up €346 (+29.1%), from €1,188 to €1,534
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,605 | €136,311 | -€4,293 | -3.1% |
| Fixed assets | 21/28 | €68,711 | €62,546 | -€6,165 | -9.0% |
| Tangible fixed assets | 22/27 | €68,711 | €62,546 | -€6,165 | -9.0% |
| Land and buildings | 22 | €27,423 | €23,137 | -€4,286 | -15.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,060 | €9,749 | -€5,311 | -35.3% |
| Leasing and similar rights | 25 | €26,228 | €29,660 | +€3,433 | +13.1% |
| Current assets | 29/58 | €71,894 | €73,766 | +€1,872 | +2.6% |
| Stocks and contracts in progress | 3 | €5,035 | €7,330 | +€2,295 | +45.6% |
| Stocks | 30/36 | €5,035 | €7,330 | +€2,295 | +45.6% |
| Amounts receivable within one year | 40/41 | €4,865 | €6,681 | +€1,817 | +37.3% |
| Trade receivables | 40 | €2,426 | €2,554 | +€127 | +5.2% |
| Other amounts receivable | 41 | €2,438 | €4,128 | +€1,689 | +69.3% |
| Cash at bank and in hand | 54/58 | €59,771 | €57,034 | -€2,738 | -4.6% |
| Deferred charges and accrued income | 490/1 | €2,223 | €2,721 | +€498 | +22.4% |
| Total equity and liabilities | 10/49 | €140,605 | €136,311 | -€4,293 | -3.1% |
| Equity | 10/15 | €116,395 | €57,168 | -€59,227 | -50.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €26,855 | €16,855 | -€10,000 | -37.2% |
| Distributable reserves | 133 | €26,855 | €16,855 | -€10,000 | -37.2% |
| Profit (loss) carried forward | 14 | €70,990 | €21,763 | -€49,227 | -69.3% |
| Amounts payable | 17/49 | €24,210 | €79,143 | +€54,933 | +227% |
| Amounts payable after more than one year | 17 | €9,492 | €4,828 | -€4,665 | -49.1% |
| Financial debts | 170/4 | €9,492 | €4,828 | -€4,665 | -49.1% |
| Amounts payable within one year | 42/48 | €14,718 | €74,316 | +€59,598 | +405% |
| Current portion of amounts payable after more than one year | 42 | €4,508 | €4,665 | +€157 | +3.5% |
| Trade debts | 44 | €4,569 | €4,163 | -€406 | -8.9% |
| Suppliers | 440/4 | €4,569 | €4,163 | -€406 | -8.9% |
| Taxes, remuneration and social security | 45 | €5,341 | €4,288 | -€1,053 | -19.7% |
| Taxes | 450/3 | €5,341 | €4,288 | -€1,053 | -19.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €300 | €61,200 | +€60,900 | +20,300% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €882 | - | -€882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,354 | €13,033 | +€4,679 | +56.0% |
| Other operating charges | 640/8 | €393 | €1,316 | +€923 | +235% |
| Gross operating margin | 9900 | €26,087 | €16,512 | -€9,575 | -36.7% |
| Operating profit (loss) | 9901 | €17,339 | €2,162 | -€15,176 | -87.5% |
| Financial income | 75/76B | €20 | €227 | +€207 | +1,010% |
| Recurring financial income | 75 | €20 | €227 | +€207 | +1,010% |
| Financial charges | 65/66B | €1,188 | €1,534 | +€346 | +29.1% |
| Recurring financial charges | 65 | €1,188 | €1,534 | +€346 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €16,171 | €856 | -€15,315 | -94.7% |
| Income taxes | 67/77 | €4,272 | €83 | -€4,190 | -98.1% |
| Profit (loss) for the period | 9904 | €11,899 | €773 | -€11,126 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,899 | €773 | -€11,126 | -93.5% |
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 31 October 2026 via checked.be.