FLORIGROW: 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.
What changed
FLORIGROW
NACE 01.191, Growing of flowers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,382
2024 · €35,675-€26,293
Equity
€1.9m
2024 · €1.9m-€838
Cash
€218,153
2024 · €325,633-€107,480
Balance sheet total
€4.9m
2024 · €4.8m+€57,947
Largest movements
Assets
- Cash -€107,480
down €107,480 (-33.0%), from €325,633 to €218,153
mainly Investment in fixed assets (net) (-€260,335) and Debts after one year (-€141,830)
- Tangible fixed assets +€66,514
up €66,514 (+1.7%), from €3.8m to €3.9m
of which Land and buildings: +€147,971
- Receivables within one year +€61,788
up €61,788 (+141.2%), from €43,770 to €105,558
of which Trade receivables: +€58,601
Equity and liabilities
- Short-term financial debts +€200,000
up €200,000, from €0 to €200,000
- Debts after one year -€141,830
down €141,830 (-7.3%), from €1.9m to €1.8m
Income statement
- Gross operating margin -€36,479
down €36,479 (-5.3%), from €687,537 to €651,058
- Staff costs -€7,552
down €7,552 (-2.0%), from €379,753 to €372,201
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
€35,675
Gross operating margin
-€36,479
Staff costs
+€7,552
Depreciation
+€316
Other operating charges
-€558
Financial income
-€3,465
Financial charges
+€908
Taxes
+€5,432
Result 2025
€9,382
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.
From operations
+€89,904
Investment
-€260,335
Financing
+€62,951
Cash 2024
€325,633
From operations (derived)
+€89,904
Net result for the year
+€9,382
Depreciation
+€194,226
Stocks and contracts
-€42,518
Receivables within one year
-€61,788
Deferred charges and accrued income
+€4,989
Provisions
-€538
Trade debts
+€45,657
Tax, wage and social debts
+€3,396
Other debts
-€28,759
Accrued charges and deferred income
-€34,142
Investment (derived)
-€260,335
Investment in fixed assets (net)
-€260,335
Financing
+€62,951
Debts after one year
-€141,830
Current portion of long-term debt
+€15,000
Short-term financial debts
+€200,000
Contributions, distributions and other
-€10,220
Cash 2025
€218,153
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,829,560 | €4,887,507 | +€57,947 | +1.2% |
| Fixed assets | 21/28 | €3,819,199 | €3,885,308 | +€66,109 | +1.7% |
| Tangible fixed assets | 22/27 | €3,818,794 | €3,885,308 | +€66,514 | +1.7% |
| Land and buildings | 22 | €3,689,636 | €3,837,607 | +€147,971 | +4.0% |
| Plant, machinery and equipment | 23 | €27,658 | €42,457 | +€14,799 | +53.5% |
| Furniture and vehicles | 24 | €337 | €5,245 | +€4,907 | +1454.2% |
| Assets under construction and advance payments | 27 | €101,163 | €0 | -€101,163 | -100.0% |
| Financial fixed assets | 28 | €405 | €0 | -€405 | -100.0% |
| Current assets | 29/58 | €1,010,361 | €1,002,198 | -€8,163 | -0.8% |
| Stocks and contracts in progress | 3 | €619,581 | €662,099 | +€42,518 | +6.9% |
| Stocks | 30/36 | €619,581 | €662,099 | +€42,518 | +6.9% |
| Amounts receivable within one year | 40/41 | €43,770 | €105,558 | +€61,788 | +141.2% |
| Trade receivables | 40 | €33,835 | €92,436 | +€58,601 | +173.2% |
| Other amounts receivable | 41 | €9,935 | €13,122 | +€3,188 | +32.1% |
| Cash at bank and in hand | 54/58 | €325,633 | €218,153 | -€107,480 | -33.0% |
| Deferred charges and accrued income | 490/1 | €21,376 | €16,387 | -€4,989 | -23.3% |
| Total equity and liabilities | 10/49 | €4,829,560 | €4,887,507 | +€57,947 | +1.2% |
| Equity | 10/15 | €1,859,702 | €1,858,864 | -€838 | 0.0% |
| Contributions | 10/11 | €1,196,000 | €1,196,000 | = | 0.0% |
| Reserves | 13 | €515,663 | €515,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €515,663 | €515,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,675 | €45,057 | +€9,382 | +26.3% |
| Investment grants | 15 | €112,364 | €102,145 | -€10,220 | -9.1% |
| Provisions and deferred taxes | 16 | €5,914 | €5,376 | -€538 | -9.1% |
| Deferred taxes | 168 | €5,914 | €5,376 | -€538 | -9.1% |
| Amounts payable | 17/49 | €2,963,944 | €3,023,266 | +€59,323 | +2.0% |
| Amounts payable after more than one year | 17 | €1,945,830 | €1,804,000 | -€141,830 | -7.3% |
| Financial debts | 170/4 | €1,945,830 | €1,804,000 | -€141,830 | -7.3% |
| Amounts payable within one year | 42/48 | €972,850 | €1,208,144 | +€235,294 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €310,667 | €325,667 | +€15,000 | +4.8% |
| Financial debts | 43 | €0 | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | €0 | €200,000 | +€200,000 | |
| Trade debts | 44 | €129,903 | €175,559 | +€45,657 | +35.1% |
| Suppliers | 440/4 | €129,903 | €175,559 | +€45,657 | +35.1% |
| Taxes, remuneration and social security | 45 | €29,533 | €32,929 | +€3,396 | +11.5% |
| Taxes | 450/3 | €8,883 | €3,828 | -€5,055 | -56.9% |
| Remuneration and social security | 454/9 | €20,650 | €29,101 | +€8,451 | +40.9% |
| Other amounts payable | 47/48 | €502,748 | €473,989 | -€28,759 | -5.7% |
| Accrued charges and deferred income | 492/3 | €45,264 | €11,122 | -€34,142 | -75.4% |
| Remuneration, social security and pensions | 62 | €379,753 | €372,201 | -€7,552 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,542 | €194,226 | -€316 | -0.2% |
| Other operating charges | 640/8 | €16,514 | €17,071 | +€558 | +3.4% |
| Gross operating margin | 9900 | €687,537 | €651,058 | -€36,479 | -5.3% |
| Operating profit (loss) | 9901 | €96,729 | €67,560 | -€29,169 | -30.2% |
| Financial income | 75/76B | €28,391 | €24,926 | -€3,465 | -12.2% |
| Recurring financial income | 75 | €28,391 | €24,926 | -€3,465 | -12.2% |
| Financial charges | 65/66B | €84,007 | €83,099 | -€908 | -1.1% |
| Recurring financial charges | 65 | €84,007 | €83,099 | -€908 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €41,113 | €9,387 | -€31,726 | -77.2% |
| Transfer from deferred taxes | 780 | €538 | €538 | = | 0.0% |
| Income taxes | 67/77 | €5,975 | €543 | -€5,432 | -90.9% |
| Profit (loss) for the period | 9904 | €35,675 | €9,382 | -€26,293 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,675 | €9,382 | -€26,293 | -73.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.