FLORENS: what changed
Two fiscal 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.
FLORENS
Largest movements
- Tangible fixed assets -€224,665
down €224,665 (-15.8%), from €1.4m to €1.2m
of which Land and buildings: -€180,170
- Current investments +€66,718
up €66,718 (+148.1%), from €45,046 to €111,764
- Reserves -€181,608
down €181,608 (-16.0%), from €1.1m to €951,755
of which Distributable reserves: -€181,608
- Current portion of long-term debt +€59,550
up €59,550 (+414.3%), from €14,373 to €73,923
- Gross operating margin +€126,087
up €126,087 (+106.3%), from €118,631 to €244,719
- Taxes +€34,805
up €34,805 (+215.1%), from €16,185 to €50,990
- Financial income -€30,405
down €30,405 (-91.9%), from €33,071 to €2,666
- Other operating charges +€14,865
up €14,865 (+262.1%), from €5,672 to €20,537
- Financial charges +€11,491
up €11,491 (+653.4%), from €1,759 to €13,250
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 | €1,513,484 | €1,374,005 | -€139,478 | -9.2% |
| Fixed assets | 21/28 | €1,423,648 | €1,198,733 | -€224,915 | -15.8% |
| Tangible fixed assets | 22/27 | €1,423,398 | €1,198,733 | -€224,665 | -15.8% |
| Land and buildings | 22 | €1,378,396 | €1,198,226 | -€180,170 | -13.1% |
| Plant, machinery and equipment | 23 | €45,001 | - | -€45,001 | |
| Furniture and vehicles | 24 | - | €507 | +€507 | |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €89,836 | €175,273 | +€85,437 | +95.1% |
| Amounts receivable within one year | 40/41 | €29,297 | €29,630 | +€333 | +1.1% |
| Trade receivables | 40 | €9,199 | €0 | -€9,199 | -100.0% |
| Other amounts receivable | 41 | €20,098 | €29,630 | +€9,531 | +47.4% |
| Current investments | 50/53 | €45,046 | €111,764 | +€66,718 | +148.1% |
| Cash at bank and in hand | 54/58 | €13,213 | €23,964 | +€10,751 | +81.4% |
| Deferred charges and accrued income | 490/1 | €2,280 | €9,915 | +€7,635 | +334.8% |
| Total equity and liabilities | 10/49 | €1,513,484 | €1,374,005 | -€139,478 | -9.2% |
| Equity | 10/15 | €1,369,583 | €1,187,975 | -€181,608 | -13.3% |
| Contributions | 10/11 | €236,220 | €236,220 | = | 0.0% |
| Reserves | 13 | €1,133,363 | €951,755 | -€181,608 | -16.0% |
| Tax-exempt reserves | 132 | €26,523 | €26,523 | = | 0.0% |
| Distributable reserves | 133 | €1,106,840 | €925,232 | -€181,608 | -16.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €143,901 | €186,031 | +€42,130 | +29.3% |
| Amounts payable after more than one year | 17 | €60,876 | €46,296 | -€14,581 | -24.0% |
| Financial debts | 170/4 | €60,876 | €46,296 | -€14,581 | -24.0% |
| Amounts payable within one year | 42/48 | €83,024 | €136,871 | +€53,846 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €14,373 | €73,923 | +€59,550 | +414.3% |
| Trade debts | 44 | €25,134 | €10,956 | -€14,179 | -56.4% |
| Suppliers | 440/4 | €25,134 | €10,956 | -€14,179 | -56.4% |
| Taxes, remuneration and social security | 45 | €34,736 | €42,131 | +€7,395 | +21.3% |
| Taxes | 450/3 | €4,760 | €42,131 | +€37,371 | +785.1% |
| Remuneration and social security | 454/9 | €29,976 | €0 | -€29,976 | -100.0% |
| Other amounts payable | 47/48 | €8,781 | €9,861 | +€1,081 | +12.3% |
| Accrued charges and deferred income | 492/3 | - | €2,864 | +€2,864 | |
| Non-recurring operating income | 76A | - | €146,990 | +€146,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,243 | €59,216 | -€8,027 | -11.9% |
| Other operating charges | 640/8 | €5,672 | €20,537 | +€14,865 | +262.1% |
| Gross operating margin | 9900 | €118,631 | €244,719 | +€126,087 | +106.3% |
| Operating profit (loss) | 9901 | €45,716 | €164,965 | +€119,249 | +260.8% |
| Financial income | 75/76B | €33,071 | €2,666 | -€30,405 | -91.9% |
| Recurring financial income | 75 | €33,071 | €2,666 | -€30,405 | -91.9% |
| Financial charges | 65/66B | €1,759 | €13,250 | +€11,491 | +653.4% |
| Recurring financial charges | 65 | €1,759 | €13,250 | +€11,491 | +653.4% |
| Profit (loss) for the period before taxes | 9903 | €77,028 | €154,382 | +€77,353 | +100.4% |
| Income taxes | 67/77 | €16,185 | €50,990 | +€34,805 | +215.1% |
| Profit (loss) for the period | 9904 | €60,844 | €103,392 | +€42,548 | +69.9% |
| Transfer from tax-exempt reserves | 789 | €21,050 | €0 | -€21,050 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €26,523 | €0 | -€26,523 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,371 | €103,392 | +€48,021 | +86.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.