FLORENTINES: 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.
FLORENTINES
Largest movements
- Tangible fixed assets +€48,682
up €48,682 (+50.4%), from €96,626 to €145,307
of which Other tangible fixed assets: +€51,352
- Receivables within one year +€11,858
up €11,858 (+75.7%), from €15,673 to €27,531
- Cash +€7,465
up €7,465 (+1,183%), from €631 to €8,096
mainly Debts after one year (+€58,569) and Net result for the year (+€30,616)
- Debts after one year +€58,569
up €58,569 (+140%), from €41,923 to €100,491
- Trade debts +€4,433
up €4,433 (+22.1%), from €20,045 to €24,478
- Reserves +€2,616
up €2,616 (+12.5%), from €20,941 to €23,557
of which Distributable reserves: +€2,616
- Gross operating margin -€20,813
down €20,813 (-16.5%), from €125,922 to €105,108
- Financial charges +€5,319
up €5,319 (+111%), from €4,781 to €10,100
- Staff costs +€3,292
up €3,292 (+7.6%), from €43,445 to €46,737
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.
Derived cash bridge
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 | €120,947 | €187,364 | +€66,417 | +54.9% |
| Fixed assets | 21/28 | €96,726 | €145,407 | +€48,682 | +50.3% |
| Tangible fixed assets | 22/27 | €96,626 | €145,307 | +€48,682 | +50.4% |
| Plant, machinery and equipment | 23 | €9,886 | €7,216 | -€2,670 | -27.0% |
| Other tangible fixed assets | 26 | €86,740 | €138,092 | +€51,352 | +59.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €24,221 | €41,957 | +€17,735 | +73.2% |
| Stocks and contracts in progress | 3 | €4,913 | €4,421 | -€491 | -10.0% |
| Stocks | 30/36 | €4,913 | €4,421 | -€491 | -10.0% |
| Amounts receivable within one year | 40/41 | €15,673 | €27,531 | +€11,858 | +75.7% |
| Other amounts receivable | 41 | €15,673 | €27,531 | +€11,858 | +75.7% |
| Cash at bank and in hand | 54/58 | €631 | €8,096 | +€7,465 | +1,183% |
| Deferred charges and accrued income | 490/1 | €3,005 | €1,909 | -€1,096 | -36.5% |
| Total equity and liabilities | 10/49 | €120,947 | €187,364 | +€66,417 | +54.9% |
| Equity | 10/15 | €33,341 | €35,957 | +€2,616 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,941 | €23,557 | +€2,616 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,081 | €21,697 | +€2,616 | +13.7% |
| Amounts payable | 17/49 | €87,606 | €151,407 | +€63,801 | +72.8% |
| Amounts payable after more than one year | 17 | €41,923 | €100,491 | +€58,569 | +140% |
| Financial debts | 170/4 | €41,923 | €100,491 | +€58,569 | +140% |
| Amounts payable within one year | 42/48 | €45,674 | €50,916 | +€5,241 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €11,327 | €12,227 | +€900 | +7.9% |
| Financial debts | 43 | €7,141 | €8,548 | +€1,407 | +19.7% |
| Credit institutions | 430/8 | €7,141 | €8,548 | +€1,407 | +19.7% |
| Trade debts | 44 | €20,045 | €24,478 | +€4,433 | +22.1% |
| Suppliers | 440/4 | €20,045 | €24,478 | +€4,433 | +22.1% |
| Taxes, remuneration and social security | 45 | €7,161 | €5,662 | -€1,499 | -20.9% |
| Taxes | 450/3 | €2,058 | €1,655 | -€404 | -19.6% |
| Remuneration and social security | 454/9 | €5,103 | €4,008 | -€1,096 | -21.5% |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | €43,445 | €46,737 | +€3,292 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,150 | €17,715 | +€565 | +3.3% |
| Other operating charges | 640/8 | €756 | €1,261 | +€505 | +66.8% |
| Gross operating margin | 9900 | €125,922 | €105,108 | -€20,813 | -16.5% |
| Operating profit (loss) | 9901 | €64,571 | €39,395 | -€25,176 | -39.0% |
| Financial income | 75/76B | €682 | €1,465 | +€783 | +115% |
| Recurring financial income | 75 | €682 | €1,465 | +€783 | +115% |
| Financial charges | 65/66B | €4,781 | €10,100 | +€5,319 | +111% |
| Recurring financial charges | 65 | €4,781 | €10,100 | +€5,319 | +111% |
| Profit (loss) for the period before taxes | 9903 | €60,472 | €30,760 | -€29,712 | -49.1% |
| Income taxes | 67/77 | €502 | €144 | -€358 | -71.3% |
| Profit (loss) for the period | 9904 | €59,970 | €30,616 | -€29,354 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,970 | €30,616 | -€29,354 | -48.9% |
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 16 October 2026 via checked.be.