FLORENCE LARUELLE: 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 LARUELLE
Largest movements
- Cash -€48,002
down €48,002 (-39.6%), from €121,358 to €73,355
mainly Contributions, distributions and other (-€42,371) and Net result for the year (-€24,310)
- Tangible fixed assets -€30,942
down €30,942 (-4.1%), from €746,734 to €715,793
of which Land and buildings: -€31,435
- Reserves -€66,681
down €66,681 (-10.5%), from €634,898 to €568,217
of which Distributable reserves: -€53,993
- Short-term financial debts -€12,000
down €12,000 (-16.0%), from €75,000 to €63,000
- Financial income -€3,099
down €3,099 (-100.0%), from €3,100 to €1
- Gross operating margin +€2,324
up €2,324 (+23.5%), from €9,883 to €12,208
- Taxes -€471
down €471, from €221 to -€249
- Financial charges -€282
down €282 (-5.6%), from €5,018 to €4,737
- Depreciation -€185
down €185 (-0.6%), from €31,796 to €31,611
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 | €871,276 | €791,627 | -€79,649 | -9.1% |
| Fixed assets | 21/28 | €749,213 | €718,272 | -€30,942 | -4.1% |
| Tangible fixed assets | 22/27 | €746,734 | €715,793 | -€30,942 | -4.1% |
| Land and buildings | 22 | €746,734 | €715,299 | -€31,435 | -4.2% |
| Furniture and vehicles | 24 | - | €494 | +€494 | |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €122,063 | €73,355 | -€48,707 | -39.9% |
| Amounts receivable within one year | 40/41 | €705 | - | -€705 | |
| Other amounts receivable | 41 | €705 | - | -€705 | |
| Cash at bank and in hand | 54/58 | €121,358 | €73,355 | -€48,002 | -39.6% |
| Total equity and liabilities | 10/49 | €871,276 | €791,627 | -€79,649 | -9.1% |
| Equity | 10/15 | €699,898 | €633,217 | -€66,681 | -9.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €634,898 | €568,217 | -€66,681 | -10.5% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €261,906 | €249,217 | -€12,689 | -4.8% |
| Distributable reserves | 133 | €366,493 | €312,500 | -€53,993 | -14.7% |
| Provisions and deferred taxes | 16 | €87,302 | €83,072 | -€4,230 | -4.8% |
| Deferred taxes | 168 | €87,302 | €83,072 | -€4,230 | -4.8% |
| Amounts payable | 17/49 | €84,076 | €75,338 | -€8,738 | -10.4% |
| Amounts payable within one year | 42/48 | €82,132 | €74,411 | -€7,721 | -9.4% |
| Financial debts | 43 | €75,000 | €63,000 | -€12,000 | -16.0% |
| Other loans | 439 | €75,000 | €63,000 | -€12,000 | -16.0% |
| Trade debts | 44 | €52 | €81 | +€29 | +56.7% |
| Suppliers | 440/4 | €52 | €81 | +€29 | +56.7% |
| Taxes, remuneration and social security | 45 | €1,440 | €1,573 | +€133 | +9.2% |
| Taxes | 450/3 | €1,440 | €1,573 | +€133 | +9.2% |
| Other amounts payable | 47/48 | €5,640 | €9,756 | +€4,116 | +73.0% |
| Accrued charges and deferred income | 492/3 | €1,944 | €928 | -€1,017 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,796 | €31,611 | -€185 | -0.6% |
| Other operating charges | 640/8 | €4,510 | €4,651 | +€141 | +3.1% |
| Gross operating margin | 9900 | €9,883 | €12,208 | +€2,324 | +23.5% |
| Operating profit (loss) | 9901 | -€26,422 | -€24,054 | +€2,369 | +9.0% |
| Financial income | 75/76B | €3,100 | €1 | -€3,099 | -100.0% |
| Recurring financial income | 75 | €3,100 | €1 | -€3,099 | -100.0% |
| Financial charges | 65/66B | €5,018 | €4,737 | -€282 | -5.6% |
| Recurring financial charges | 65 | €5,018 | €4,737 | -€282 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,340 | -€28,789 | -€449 | -1.6% |
| Transfer from deferred taxes | 780 | €4,171 | €4,230 | +€58 | +1.4% |
| Income taxes | 67/77 | €221 | -€249 | -€471 | |
| Profit (loss) for the period | 9904 | -€24,390 | -€24,310 | +€80 | +0.3% |
| Transfer from tax-exempt reserves | 789 | €12,514 | €12,689 | +€175 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,876 | -€11,622 | +€255 | +2.1% |
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.