FLORESANDRO: 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.
FLORESANDRO
Largest movements
- Receivables after one year +€200,000
new in 2025: €200,000
- Cash -€175,618
down €175,618 (-84.6%), from €207,662 to €32,044
mainly Receivables after one year (-€200,000) and Trade debts (-€63,588)
- Receivables within one year -€70,402
down €70,402 (-49.7%), from €141,523 to €71,121
of which Trade receivables: -€36,961
- Tangible fixed assets +€13,530
up €13,530 (+7.8%), from €172,636 to €186,166
of which Plant, machinery and equipment: +€16,790
- Trade debts -€63,588
down €63,588 (-27.5%), from €231,328 to €167,740
- Profit (loss) carried forward +€10,550
up €10,550 (+8.0%), from €132,439 to €142,989
- Short-term financial debts +€6,205
up €6,205 (+365.5%), from €1,698 to €7,903
- Debts after one year +€6,161
up €6,161 (+11.0%), from €55,793 to €61,954
- Gross operating margin +€73,654
up €73,654 (+31.2%), from €235,881 to €309,536
- Staff costs +€69,350
up €69,350 (+41.4%), from €167,613 to €236,963
- Depreciation +€13,434
up €13,434 (+42.4%), from €31,671 to €45,106
- Other operating charges -€10,157
down €10,157 (-93.4%), from €10,878 to €721
- Financial income +€5,435
up €5,435 (+143.8%), from €3,780 to €9,215
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 | €540,920 | €507,271 | -€33,650 | -6.2% |
| Fixed assets | 21/28 | €180,068 | €193,597 | +€13,530 | +7.5% |
| Tangible fixed assets | 22/27 | €172,636 | €186,166 | +€13,530 | +7.8% |
| Land and buildings | 22 | €34,091 | €27,243 | -€6,847 | -20.1% |
| Plant, machinery and equipment | 23 | €67,865 | €84,655 | +€16,790 | +24.7% |
| Furniture and vehicles | 24 | €64,457 | €58,833 | -€5,624 | -8.7% |
| Other tangible fixed assets | 26 | €6,223 | €15,434 | +€9,210 | +148.0% |
| Financial fixed assets | 28 | €7,431 | €7,431 | = | 0.0% |
| Current assets | 29/58 | €360,853 | €313,674 | -€47,179 | -13.1% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €1,232 | €1,500 | +€268 | +21.7% |
| Stocks | 30/36 | €1,232 | €1,500 | +€268 | +21.7% |
| Amounts receivable within one year | 40/41 | €141,523 | €71,121 | -€70,402 | -49.7% |
| Trade receivables | 40 | €37,260 | €299 | -€36,961 | -99.2% |
| Other amounts receivable | 41 | €104,264 | €70,822 | -€33,441 | -32.1% |
| Cash at bank and in hand | 54/58 | €207,662 | €32,044 | -€175,618 | -84.6% |
| Deferred charges and accrued income | 490/1 | €10,436 | €9,008 | -€1,427 | -13.7% |
| Total equity and liabilities | 10/49 | €540,920 | €507,271 | -€33,650 | -6.2% |
| Equity | 10/15 | €140,499 | €151,049 | +€10,550 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,439 | €142,989 | +€10,550 | +8.0% |
| Amounts payable | 17/49 | €400,421 | €356,222 | -€44,199 | -11.0% |
| Amounts payable after more than one year | 17 | €55,793 | €61,954 | +€6,161 | +11.0% |
| Financial debts | 170/4 | €55,793 | €61,954 | +€6,161 | +11.0% |
| Amounts payable within one year | 42/48 | €344,618 | €293,260 | -€51,359 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €23,437 | €27,745 | +€4,308 | +18.4% |
| Financial debts | 43 | €1,698 | €7,903 | +€6,205 | +365.5% |
| Credit institutions | 430/8 | €1,698 | €7,903 | +€6,205 | +365.5% |
| Trade debts | 44 | €231,328 | €167,740 | -€63,588 | -27.5% |
| Suppliers | 440/4 | €231,328 | €167,740 | -€63,588 | -27.5% |
| Advances received on contracts in progress | 46 | €915 | - | -€915 | |
| Taxes, remuneration and social security | 45 | €87,240 | €89,872 | +€2,631 | +3.0% |
| Taxes | 450/3 | €38,610 | €11,857 | -€26,752 | -69.3% |
| Remuneration and social security | 454/9 | €48,631 | €78,015 | +€29,384 | +60.4% |
| Accrued charges and deferred income | 492/3 | €10 | €1,008 | +€998 | +10155.5% |
| Non-recurring operating income | 76A | €0 | €11,720 | +€11,720 | |
| Remuneration, social security and pensions | 62 | €167,613 | €236,963 | +€69,350 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,671 | €45,106 | +€13,434 | +42.4% |
| Other operating charges | 640/8 | €10,878 | €721 | -€10,157 | -93.4% |
| Non-recurring operating charges | 66A | - | €4,246 | +€4,246 | |
| Gross operating margin | 9900 | €235,881 | €309,536 | +€73,654 | +31.2% |
| Operating profit (loss) | 9901 | €25,719 | €22,500 | -€3,219 | -12.5% |
| Financial income | 75/76B | €3,780 | €9,215 | +€5,435 | +143.8% |
| Recurring financial income | 75 | €3,780 | €9,215 | +€5,435 | +143.8% |
| Financial charges | 65/66B | €15,167 | €16,612 | +€1,446 | +9.5% |
| Recurring financial charges | 65 | €15,167 | €16,612 | +€1,446 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €14,333 | €15,103 | +€771 | +5.4% |
| Income taxes | 67/77 | €4,946 | €4,554 | -€392 | -7.9% |
| Profit (loss) for the period | 9904 | €9,387 | €10,550 | +€1,163 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,387 | €10,550 | +€1,163 | +12.4% |
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 4 October 2026 via checked.be.