FLORENCIA: 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.
FLORENCIA
Largest movements
- Intangible fixed assets +€60,000
new in 2024: €60,000
- Receivables within one year -€54,446
no longer reported in 2024 (was €54,446)
of which Other amounts receivable: -€35,506
- Tangible fixed assets -€4,260
down €4,260 (-43.0%), from €9,909 to €5,649
- Cash -€1,628
down €1,628 (-19.9%), from €8,171 to €6,543
mainly Investment in fixed assets (net) (-€60,000) and Net result for the year (-€9,799)
- Trade debts +€16,055
up €16,055 (+36.9%), from €43,493 to €59,548
- Profit (loss) carried forward -€9,799
down €9,799 (-545.9%), from -€1,795 to -€11,594
- Other debts -€5,896
no longer reported in 2024 (was €5,896)
- Gross operating margin -€10,261
down €10,261 (-24.8%), from €41,455 to €31,194
- Staff costs -€1,912
down €1,912 (-5.1%), from €37,732 to €35,820
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,526 | €72,192 | -€334 | -0.5% |
| Fixed assets | 21/28 | €9,909 | €65,649 | +€55,740 | +562.5% |
| Intangible fixed assets | 21 | - | €60,000 | +€60,000 | |
| Tangible fixed assets | 22/27 | €9,909 | €5,649 | -€4,260 | -43.0% |
| Land and buildings | 22 | €9,909 | €5,649 | -€4,260 | -43.0% |
| Current assets | 29/58 | €62,617 | €6,543 | -€56,074 | -89.6% |
| Amounts receivable within one year | 40/41 | €54,446 | - | -€54,446 | |
| Trade receivables | 40 | €18,941 | - | -€18,941 | |
| Other amounts receivable | 41 | €35,506 | - | -€35,506 | |
| Cash at bank and in hand | 54/58 | €8,171 | €6,543 | -€1,628 | -19.9% |
| Total equity and liabilities | 10/49 | €72,526 | €72,192 | -€334 | -0.5% |
| Equity | 10/15 | €18,745 | €8,947 | -€9,799 | -52.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €14,540 | €14,540 | = | 0.0% |
| Distributable reserves | 133 | €14,540 | €14,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,795 | -€11,594 | -€9,799 | -545.9% |
| Amounts payable | 17/49 | €53,780 | €63,245 | +€9,465 | +17.6% |
| Amounts payable within one year | 42/48 | €53,780 | €63,245 | +€9,465 | +17.6% |
| Trade debts | 44 | €43,493 | €59,548 | +€16,055 | +36.9% |
| Suppliers | 440/4 | €43,493 | €59,548 | +€16,055 | +36.9% |
| Taxes, remuneration and social security | 45 | €4,391 | €3,697 | -€694 | -15.8% |
| Taxes | 450/3 | €2,676 | €3,697 | +€1,021 | +38.2% |
| Remuneration and social security | 454/9 | €1,716 | - | -€1,716 | |
| Other amounts payable | 47/48 | €5,896 | - | -€5,896 | |
| Remuneration, social security and pensions | 62 | €37,732 | €35,820 | -€1,912 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,260 | €4,260 | = | 0.0% |
| Other operating charges | 640/8 | €1,133 | €818 | -€315 | -27.8% |
| Gross operating margin | 9900 | €41,455 | €31,194 | -€10,261 | -24.8% |
| Operating profit (loss) | 9901 | -€1,670 | -€9,704 | -€8,034 | -481.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €125 | €95 | -€30 | -24.3% |
| Recurring financial charges | 65 | €125 | €95 | -€30 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,795 | -€9,799 | -€8,004 | -445.9% |
| Profit (loss) for the period | 9904 | -€1,795 | -€9,799 | -€8,004 | -445.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,795 | -€9,799 | -€8,004 | -445.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.