Florentino: 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.
Florentino
Largest movements
- Cash +€27,606
up €27,606 (+41.1%), from €67,202 to €94,809
mainly Depreciation (+€21,758) and Other debts (+€10,000)
- Tangible fixed assets -€11,291
down €11,291 (-11.8%), from €95,895 to €84,604
of which Furniture and vehicles: -€6,224
- Receivables within one year -€6,306
down €6,306 (-41.9%), from €15,054 to €8,749
of which Other amounts receivable: -€6,100
- Stocks and contracts +€2,642
up €2,642 (+50.2%), from €5,259 to €7,901
- Other debts +€10,000
up €10,000 (+3.8%), from €260,859 to €270,859
- Tax, wage and social debts -€3,577
down €3,577 (-34.1%), from €10,488 to €6,911
of which Taxes: -€5,715
- Profit (loss) carried forward +€2,685
up €2,685 (+3.4%), from -€78,539 to -€75,854
- Trade debts +€2,579
up €2,579 (+19.7%), from €13,106 to €15,685
- Depreciation -€3,490
down €3,490 (-13.8%), from €25,248 to €21,758
- Gross operating margin -€2,844
down €2,844 (-2.1%), from €133,179 to €130,336
- Other operating charges +€2,759
up €2,759 (+50.7%), from €5,446 to €8,205
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 | €212,914 | €224,602 | +€11,688 | +5.5% |
| Fixed assets | 21/28 | €95,895 | €84,604 | -€11,291 | -11.8% |
| Tangible fixed assets | 22/27 | €95,895 | €84,604 | -€11,291 | -11.8% |
| Land and buildings | 22 | €14,884 | €14,252 | -€631 | -4.2% |
| Plant, machinery and equipment | 23 | €27,701 | €23,462 | -€4,239 | -15.3% |
| Furniture and vehicles | 24 | €53,083 | €46,859 | -€6,224 | -11.7% |
| Other tangible fixed assets | 26 | €227 | €30 | -€197 | -86.7% |
| Current assets | 29/58 | €117,019 | €139,998 | +€22,979 | +19.6% |
| Stocks and contracts in progress | 3 | €5,259 | €7,901 | +€2,642 | +50.2% |
| Stocks | 30/36 | €5,259 | €7,901 | +€2,642 | +50.2% |
| Amounts receivable within one year | 40/41 | €15,054 | €8,749 | -€6,306 | -41.9% |
| Trade receivables | 40 | €5,546 | €5,340 | -€206 | -3.7% |
| Other amounts receivable | 41 | €9,509 | €3,409 | -€6,100 | -64.1% |
| Cash at bank and in hand | 54/58 | €67,202 | €94,809 | +€27,606 | +41.1% |
| Deferred charges and accrued income | 490/1 | €29,503 | €28,540 | -€964 | -3.3% |
| Total equity and liabilities | 10/49 | €212,914 | €224,602 | +€11,688 | +5.5% |
| Equity | 10/15 | -€71,539 | -€68,854 | +€2,685 | +3.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,539 | -€75,854 | +€2,685 | +3.4% |
| Amounts payable | 17/49 | €284,453 | €293,456 | +€9,002 | +3.2% |
| Amounts payable within one year | 42/48 | €284,453 | €293,456 | +€9,002 | +3.2% |
| Trade debts | 44 | €13,106 | €15,685 | +€2,579 | +19.7% |
| Suppliers | 440/4 | €13,106 | €15,685 | +€2,579 | +19.7% |
| Taxes, remuneration and social security | 45 | €10,488 | €6,911 | -€3,577 | -34.1% |
| Taxes | 450/3 | €6,776 | €1,061 | -€5,715 | -84.3% |
| Remuneration and social security | 454/9 | €3,712 | €5,850 | +€2,138 | +57.6% |
| Other amounts payable | 47/48 | €260,859 | €270,859 | +€10,000 | +3.8% |
| Remuneration, social security and pensions | 62 | €94,765 | €95,908 | +€1,143 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,248 | €21,758 | -€3,490 | -13.8% |
| Other operating charges | 640/8 | €5,446 | €8,205 | +€2,759 | +50.7% |
| Gross operating margin | 9900 | €133,179 | €130,336 | -€2,844 | -2.1% |
| Operating profit (loss) | 9901 | €7,721 | €4,465 | -€3,256 | -42.2% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €2,043 | €1,700 | -€343 | -16.8% |
| Recurring financial charges | 65 | €2,043 | €1,700 | -€343 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €5,678 | €2,784 | -€2,894 | -51.0% |
| Income taxes | 67/77 | €101 | €99 | -€2 | -2.1% |
| Profit (loss) for the period | 9904 | €5,577 | €2,685 | -€2,892 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,577 | €2,685 | -€2,892 | -51.8% |
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 9 October 2026 via checked.be.