FLORESTAN: 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.
What changed
FLORESTAN
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€138,389
2024 · €67,217+€71,173
Equity
€8.2m
2024 · €8.0m+€138,389
Cash
€90,818
2024 · €136,553-€45,735
Balance sheet total
€8.3m
2024 · €8.1m+€269,857
Largest movements
Assets
- Current investments +€206,250
up €206,250 (+9.0%), from €2.3m to €2.5m
- Receivables within one year +€188,115
up €188,115 (+12.1%), from €1.6m to €1.7m
of which Trade receivables: +€175,577
Equity and liabilities
- Reserves +€138,389
up €138,389 (+1.8%), from €7.9m to €8.0m
of which Distributable reserves: +€138,389
- Trade debts +€131,974
up €131,974 (+391%), from €33,728 to €165,702
Income statement
- Depreciation -€74,776
down €74,776 (-80.7%), from €92,641 to €17,866
- Financial income -€27,365
down €27,365 (-18.2%), from €150,143 to €122,778
- Taxes +€24,585
up €24,585 (+108%), from €22,677 to €47,262
- Write-downs -€14,705
down €14,705 (-100%), from €14,705 to €0
- Gross operating margin +€8,380
up €8,380 (+6.2%), from €134,325 to €142,706
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.
Result 2024
€67,217
Gross operating margin
+€8,380
Staff costs
+€7,078
Depreciation
+€74,776
Write-downs
+€14,705
Other operating charges
+€277
Other operating items
+€18,576
Financial income
-€27,365
Financial charges
-€670
Taxes
-€24,585
Result 2025
€138,389
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€98,048
Investment
-€143,984
Financing
+€201
Cash 2024
€136,553
From operations (derived)
+€98,048
Net result for the year
+€138,389
Depreciation
+€17,866
Stocks and contracts
-€4,073
Receivables within one year
-€188,115
Deferred charges and accrued income
+€2,714
Trade debts
+€131,974
Tax, wage and social debts
+€6,404
Other debts
-€3,100
Accrued charges and deferred income
-€4,010
Investment (derived)
-€143,984
Investment in fixed assets (net)
+€62,266
Current investments
-€206,250
Financing
+€201
Short-term financial debts
+€201
Cash 2025
€90,818
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,068,422 | €8,338,279 | +€269,857 | +3.3% |
| Fixed assets | 21/28 | €3,629,682 | €3,549,550 | -€80,132 | -2.2% |
| Tangible fixed assets | 22/27 | €3,629,682 | €3,549,550 | -€80,132 | -2.2% |
| Land and buildings | 22 | €3,233,452 | €3,156,219 | -€77,233 | -2.4% |
| Furniture and vehicles | 24 | €354,485 | €352,726 | -€1,759 | -0.5% |
| Other tangible fixed assets | 26 | €41,745 | €40,605 | -€1,139 | -2.7% |
| Current assets | 29/58 | €4,438,739 | €4,788,729 | +€349,989 | +7.9% |
| Stocks and contracts in progress | 3 | €242,474 | €246,547 | +€4,073 | +1.7% |
| Stocks | 30/36 | €242,474 | €246,547 | +€4,073 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,557,715 | €1,745,830 | +€188,115 | +12.1% |
| Trade receivables | 40 | €21,452 | €197,029 | +€175,577 | +818% |
| Other amounts receivable | 41 | €1,536,263 | €1,548,801 | +€12,538 | +0.8% |
| Current investments | 50/53 | €2,300,000 | €2,506,250 | +€206,250 | +9.0% |
| Cash at bank and in hand | 54/58 | €136,553 | €90,818 | -€45,735 | -33.5% |
| Deferred charges and accrued income | 490/1 | €201,997 | €199,283 | -€2,714 | -1.3% |
| Total equity and liabilities | 10/49 | €8,068,422 | €8,338,279 | +€269,857 | +3.3% |
| Equity | 10/15 | €8,014,074 | €8,152,463 | +€138,389 | +1.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €7,904,074 | €8,042,463 | +€138,389 | +1.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,904,074 | €8,042,463 | +€138,389 | +1.8% |
| Amounts payable | 17/49 | €54,348 | €185,816 | +€131,468 | +242% |
| Amounts payable within one year | 42/48 | €48,309 | €183,787 | +€135,478 | +280% |
| Financial debts | 43 | - | €201 | +€201 | |
| Credit institutions | 430/8 | - | €201 | +€201 | |
| Trade debts | 44 | €33,728 | €165,702 | +€131,974 | +391% |
| Suppliers | 440/4 | €33,728 | €165,702 | +€131,974 | +391% |
| Taxes, remuneration and social security | 45 | €11,481 | €17,884 | +€6,404 | +55.8% |
| Taxes | 450/3 | €1,987 | €13,144 | +€11,157 | +562% |
| Remuneration and social security | 454/9 | €9,494 | €4,741 | -€4,753 | -50.1% |
| Other amounts payable | 47/48 | €3,100 | €0 | -€3,100 | -100% |
| Accrued charges and deferred income | 492/3 | €6,040 | €2,030 | -€4,010 | -66.4% |
| Non-recurring operating income | 76A | €143,144 | €38,031 | -€105,113 | -73.4% |
| Remuneration, social security and pensions | 62 | €54,841 | €47,763 | -€7,078 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,641 | €17,866 | -€74,776 | -80.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,705 | €0 | -€14,705 | -100% |
| Other operating charges | 640/8 | €9,865 | €9,588 | -€277 | -2.8% |
| Non-recurring operating charges | 66A | €18,576 | €0 | -€18,576 | -100% |
| Gross operating margin | 9900 | €134,325 | €142,706 | +€8,380 | +6.2% |
| Operating profit (loss) | 9901 | -€56,303 | €67,489 | +€123,793 | |
| Financial income | 75/76B | €150,143 | €122,778 | -€27,365 | -18.2% |
| Recurring financial income | 75 | €150,143 | €122,778 | -€27,365 | -18.2% |
| Financial charges | 65/66B | €3,946 | €4,616 | +€670 | +17.0% |
| Recurring financial charges | 65 | €3,946 | €4,616 | +€670 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €89,894 | €185,651 | +€95,757 | +107% |
| Income taxes | 67/77 | €22,677 | €47,262 | +€24,585 | +108% |
| Profit (loss) for the period | 9904 | €67,217 | €138,389 | +€71,173 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €67,217 | €138,389 | +€71,173 | +106% |
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 27 October 2026 via checked.be.