FLORESCO: 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.
FLORESCO
Largest movements
- Receivables within one year +€298,023
up €298,023 (+658%), from €45,325 to €343,348
of which Other amounts receivable: +€287,642
- Cash -€265,159
down €265,159 (-61.6%), from €430,241 to €165,082
mainly Receivables within one year (-€298,023) and Contributions, distributions and other (-€195,343)
- Tangible fixed assets -€76,790
down €76,790 (-6.5%), from €1.2m to €1.1m
of which Land and buildings: -€76,008
- Stocks and contracts +€68,651
up €68,651 (+38.1%), from €180,156 to €248,808
- Debts after one year -€49,981
down €49,981 (-5.7%), from €875,817 to €825,836
- Other debts +€34,293
up €34,293 (+34.1%), from €100,707 to €135,000
- Reserves +€32,225
up €32,225 (+5.0%), from €639,984 to €672,210
- Gross operating margin +€62,753
up €62,753 (+9.2%), from €683,034 to €745,787
- Other operating charges -€14,766
down €14,766 (-53.2%), from €27,742 to €12,976
- Taxes +€10,792
up €10,792 (+18.5%), from €58,398 to €69,190
- Depreciation +€10,376
up €10,376 (+11.1%), from €93,798 to €104,175
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 | €1,840,230 | €1,864,739 | +€24,510 | +1.3% |
| Fixed assets | 21/28 | €1,184,291 | €1,107,502 | -€76,790 | -6.5% |
| Tangible fixed assets | 22/27 | €1,184,291 | €1,107,502 | -€76,790 | -6.5% |
| Land and buildings | 22 | €1,095,718 | €1,019,710 | -€76,008 | -6.9% |
| Plant, machinery and equipment | 23 | €17,733 | €13,793 | -€3,940 | -22.2% |
| Furniture and vehicles | 24 | €70,841 | €73,999 | +€3,158 | +4.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €655,939 | €757,238 | +€101,299 | +15.4% |
| Stocks and contracts in progress | 3 | €180,156 | €248,808 | +€68,651 | +38.1% |
| Stocks | 30/36 | €180,156 | €248,808 | +€68,651 | +38.1% |
| Amounts receivable within one year | 40/41 | €45,325 | €343,348 | +€298,023 | +658% |
| Trade receivables | 40 | €27,696 | €38,077 | +€10,381 | +37.5% |
| Other amounts receivable | 41 | €17,629 | €305,271 | +€287,642 | +1,632% |
| Cash at bank and in hand | 54/58 | €430,241 | €165,082 | -€265,159 | -61.6% |
| Deferred charges and accrued income | 490/1 | €217 | €0 | -€217 | -100% |
| Total equity and liabilities | 10/49 | €1,840,230 | €1,864,739 | +€24,510 | +1.3% |
| Equity | 10/15 | €669,984 | €702,210 | +€32,225 | +4.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €639,984 | €672,210 | +€32,225 | +5.0% |
| Distributable reserves | 133 | €639,984 | €672,210 | +€32,225 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,170,245 | €1,162,530 | -€7,716 | -0.7% |
| Amounts payable after more than one year | 17 | €875,817 | €825,836 | -€49,981 | -5.7% |
| Financial debts | 170/4 | €875,817 | €825,836 | -€49,981 | -5.7% |
| Amounts payable within one year | 42/48 | €294,151 | €336,693 | +€42,542 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €49,352 | €49,981 | +€629 | +1.3% |
| Trade debts | 44 | €20,938 | €19,957 | -€981 | -4.7% |
| Suppliers | 440/4 | €20,938 | €19,957 | -€981 | -4.7% |
| Advances received on contracts in progress | 46 | €50,327 | €52,503 | +€2,176 | +4.3% |
| Taxes, remuneration and social security | 45 | €72,828 | €79,252 | +€6,425 | +8.8% |
| Taxes | 450/3 | €14,784 | €42,802 | +€28,018 | +190% |
| Remuneration and social security | 454/9 | €58,044 | €36,450 | -€21,593 | -37.2% |
| Other amounts payable | 47/48 | €100,707 | €135,000 | +€34,293 | +34.1% |
| Accrued charges and deferred income | 492/3 | €277 | €0 | -€277 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €327,127 | €323,042 | -€4,084 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,798 | €104,175 | +€10,376 | +11.1% |
| Other operating charges | 640/8 | €27,742 | €12,976 | -€14,766 | -53.2% |
| Gross operating margin | 9900 | €683,034 | €745,787 | +€62,753 | +9.2% |
| Operating profit (loss) | 9901 | €234,366 | €305,594 | +€71,228 | +30.4% |
| Financial income | 75/76B | €16,522 | €12,303 | -€4,219 | -25.5% |
| Recurring financial income | 75 | €16,522 | €12,303 | -€4,219 | -25.5% |
| Financial charges | 65/66B | €21,466 | €21,138 | -€328 | -1.5% |
| Recurring financial charges | 65 | €21,466 | €21,138 | -€328 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €229,422 | €296,759 | +€67,337 | +29.4% |
| Income taxes | 67/77 | €58,398 | €69,190 | +€10,792 | +18.5% |
| Profit (loss) for the period | 9904 | €171,024 | €227,568 | +€56,544 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €171,024 | €227,568 | +€56,544 | +33.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.