FLORENTIA: 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.
FLORENTIA
Largest movements
- Cash +€35,271
up €35,271 (+54.9%), from €64,237 to €99,508
mainly Net result for the year (+€67,673) and Accrued charges and deferred income (+€10,868)
- Stocks and contracts +€21,359
up €21,359 (+33.2%), from €64,305 to €85,664
- Receivables within one year +€10,570
up €10,570 (+27.2%), from €38,817 to €49,386
- Profit (loss) carried forward +€67,673
up €67,673 (+181.0%), from €37,384 to €105,057
- Accrued charges and deferred income +€10,868
new in 2024: €10,868
- Debts after one year -€9,309
down €9,309 (-49.6%), from €18,785 to €9,476
- Trade debts -€6,230
down €6,230 (-8.9%), from €69,812 to €63,582
- Tax, wage and social debts +€3,818
up €3,818 (+14.4%), from €26,603 to €30,421
of which Remuneration and social security: +€3,676
- Gross operating margin +€65,168
up €65,168 (+40.4%), from €161,192 to €226,360
- Staff costs +€21,360
up €21,360 (+18.7%), from €114,022 to €135,382
- Taxes +€6,659
up €6,659 (+72.3%), from €9,212 to €15,871
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 | €168,533 | €235,319 | +€66,787 | +39.6% |
| Fixed assets | 21/28 | €1,174 | €761 | -€413 | -35.2% |
| Tangible fixed assets | 22/27 | €1,174 | €761 | -€413 | -35.2% |
| Furniture and vehicles | 24 | €1,174 | €761 | -€413 | -35.2% |
| Current assets | 29/58 | €167,359 | €234,559 | +€67,200 | +40.2% |
| Stocks and contracts in progress | 3 | €64,305 | €85,664 | +€21,359 | +33.2% |
| Stocks | 30/36 | €64,305 | €85,664 | +€21,359 | +33.2% |
| Amounts receivable within one year | 40/41 | €38,817 | €49,386 | +€10,570 | +27.2% |
| Trade receivables | 40 | €38,817 | €49,386 | +€10,570 | +27.2% |
| Cash at bank and in hand | 54/58 | €64,237 | €99,508 | +€35,271 | +54.9% |
| Total equity and liabilities | 10/49 | €168,533 | €235,319 | +€66,787 | +39.6% |
| Equity | 10/15 | €42,384 | €110,057 | +€67,673 | +159.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,384 | €105,057 | +€67,673 | +181.0% |
| Amounts payable | 17/49 | €126,148 | €125,262 | -€886 | -0.7% |
| Amounts payable after more than one year | 17 | €18,785 | €9,476 | -€9,309 | -49.6% |
| Financial debts | 170/4 | €18,785 | €9,476 | -€9,309 | -49.6% |
| Amounts payable within one year | 42/48 | €107,363 | €104,918 | -€2,445 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €10,136 | €10,103 | -€33 | -0.3% |
| Trade debts | 44 | €69,812 | €63,582 | -€6,230 | -8.9% |
| Suppliers | 440/4 | €69,812 | €63,582 | -€6,230 | -8.9% |
| Taxes, remuneration and social security | 45 | €26,603 | €30,421 | +€3,818 | +14.4% |
| Taxes | 450/3 | €10,209 | €10,350 | +€141 | +1.4% |
| Remuneration and social security | 454/9 | €16,394 | €20,071 | +€3,676 | +22.4% |
| Other amounts payable | 47/48 | €811 | €811 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €10,868 | +€10,868 | |
| Remuneration, social security and pensions | 62 | €114,022 | €135,382 | +€21,360 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €413 | +€348 | +529.3% |
| Other operating charges | 640/8 | €1,190 | €3,066 | +€1,875 | +157.6% |
| Gross operating margin | 9900 | €161,192 | €226,360 | +€65,168 | +40.4% |
| Operating profit (loss) | 9901 | €45,914 | €87,499 | +€41,585 | +90.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.5% |
| Financial charges | 65/66B | €2,998 | €3,955 | +€957 | +31.9% |
| Recurring financial charges | 65 | €2,998 | €3,955 | +€957 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €42,917 | €83,544 | +€40,627 | +94.7% |
| Income taxes | 67/77 | €9,212 | €15,871 | +€6,659 | +72.3% |
| Profit (loss) for the period | 9904 | €33,705 | €67,673 | +€33,968 | +100.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,705 | €67,673 | +€33,968 | +100.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.