FLORENTZ: 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.
FLORENTZ
Largest movements
- Tangible fixed assets +€39,734
new in 2025: €39,734
of which Furniture and vehicles: +€27,250
- Receivables within one year -€9,776
down €9,776 (-31.3%), from €31,205 to €21,429
of which Other amounts receivable: -€9,205
- Current investments -€6,403
down €6,403 (-9.1%), from €70,010 to €63,607
- Reserves +€17,900
up €17,900 (+111.7%), from €16,029 to €33,929
of which Distributable reserves: +€20,000
- Current portion of long-term debt +€6,497
up €6,497 (+69.3%), from €9,377 to €15,874
- Other debts -€5,793
down €5,793 (-21.6%), from €26,799 to €21,006
- Debts after one year +€3,353
new in 2025: €3,353
- Trade debts -€2,673
down €2,673 (-43.5%), from €6,139 to €3,466
- Gross operating margin -€23,795
down €23,795 (-37.7%), from €63,116 to €39,321
- Depreciation -€4,377
down €4,377 (-35.8%), from €12,238 to €7,861
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 | €145,177 | €168,649 | +€23,472 | +16.2% |
| Fixed assets | 21/28 | €2,625 | €42,359 | +€39,734 | +1513.7% |
| Tangible fixed assets | 22/27 | - | €39,734 | +€39,734 | |
| Furniture and vehicles | 24 | - | €27,250 | +€27,250 | |
| Other tangible fixed assets | 26 | - | €12,484 | +€12,484 | |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €142,552 | €126,290 | -€16,262 | -11.4% |
| Amounts receivable within one year | 40/41 | €31,205 | €21,429 | -€9,776 | -31.3% |
| Trade receivables | 40 | €22,000 | €21,429 | -€571 | -2.6% |
| Other amounts receivable | 41 | €9,205 | - | -€9,205 | |
| Current investments | 50/53 | €70,010 | €63,607 | -€6,403 | -9.1% |
| Cash at bank and in hand | 54/58 | €16,337 | €15,819 | -€518 | -3.2% |
| Deferred charges and accrued income | 490/1 | €25,000 | €25,435 | +€435 | +1.7% |
| Total equity and liabilities | 10/49 | €145,177 | €168,649 | +€23,472 | +16.2% |
| Equity | 10/15 | €102,862 | €123,807 | +€20,945 | +20.4% |
| Contributions | 10/11 | €21,000 | €23,100 | +€2,100 | +10.0% |
| Reserves | 13 | €16,029 | €33,929 | +€17,900 | +111.7% |
| Non-distributable reserves | 130/1 | €2,100 | - | -€2,100 | |
| Reserves not available under the articles | 1311 | €2,100 | - | -€2,100 | |
| Tax-exempt reserves | 132 | €13,929 | €13,929 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €65,833 | €66,778 | +€945 | +1.4% |
| Amounts payable | 17/49 | €42,315 | €44,842 | +€2,527 | +6.0% |
| Amounts payable after more than one year | 17 | - | €3,353 | +€3,353 | |
| Financial debts | 170/4 | - | €3,353 | +€3,353 | |
| Amounts payable within one year | 42/48 | €42,315 | €41,489 | -€826 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €9,377 | €15,874 | +€6,497 | +69.3% |
| Trade debts | 44 | €6,139 | €3,466 | -€2,673 | -43.5% |
| Suppliers | 440/4 | €6,139 | €3,466 | -€2,673 | -43.5% |
| Taxes, remuneration and social security | 45 | - | €1,143 | +€1,143 | |
| Taxes | 450/3 | - | €1,143 | +€1,143 | |
| Other amounts payable | 47/48 | €26,799 | €21,006 | -€5,793 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,238 | €7,861 | -€4,377 | -35.8% |
| Other operating charges | 640/8 | €1,455 | €1,164 | -€291 | -20.0% |
| Non-recurring operating charges | 66A | €500 | €368 | -€132 | -26.4% |
| Gross operating margin | 9900 | €63,116 | €39,321 | -€23,795 | -37.7% |
| Operating profit (loss) | 9901 | €48,923 | €29,928 | -€18,995 | -38.8% |
| Financial income | 75/76B | €349 | €322 | -€27 | -7.7% |
| Recurring financial income | 75 | €349 | €322 | -€27 | -7.7% |
| Financial charges | 65/66B | €1,535 | €1,204 | -€331 | -21.6% |
| Recurring financial charges | 65 | €1,535 | €1,204 | -€331 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €47,737 | €29,046 | -€18,691 | -39.2% |
| Income taxes | 67/77 | €7,876 | €8,101 | +€225 | +2.9% |
| Profit (loss) for the period | 9904 | €39,861 | €20,945 | -€18,916 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,861 | €20,945 | -€18,916 | -47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.