La Florentine: 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.
La Florentine
Largest movements
- Tangible fixed assets -€21,862
down €21,862 (-7.1%), from €306,435 to €284,573
- Cash +€18,880
up €18,880 (+39.8%), from €47,417 to €66,297
mainly Depreciation (+€21,862) and Net result for the year (+€5,826)
- Current portion of long-term debt -€6,931
down €6,931 (-74.7%), from €9,276 to €2,345
- Profit (loss) carried forward +€5,826
up €5,826 (+7.3%), from €80,066 to €85,892
- Gross operating margin +€9,897
up €9,897 (+41.8%), from €23,658 to €33,555
- Taxes +€1,085
new in 2025: €1,085
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 | €354,535 | €351,495 | -€3,040 | -0.9% |
| Fixed assets | 21/28 | €306,435 | €284,573 | -€21,862 | -7.1% |
| Tangible fixed assets | 22/27 | €306,435 | €284,573 | -€21,862 | -7.1% |
| Land and buildings | 22 | €306,435 | €284,573 | -€21,862 | -7.1% |
| Current assets | 29/58 | €48,100 | €66,922 | +€18,822 | +39.1% |
| Cash at bank and in hand | 54/58 | €47,417 | €66,297 | +€18,880 | +39.8% |
| Deferred charges and accrued income | 490/1 | €683 | €624 | -€58 | -8.5% |
| Total equity and liabilities | 10/49 | €354,535 | €351,495 | -€3,040 | -0.9% |
| Equity | 10/15 | €101,880 | €107,706 | +€5,826 | +5.7% |
| Contributions | 10/11 | €21,815 | €21,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,066 | €85,892 | +€5,826 | +7.3% |
| Amounts payable | 17/49 | €252,654 | €243,789 | -€8,866 | -3.5% |
| Amounts payable after more than one year | 17 | €164,939 | €162,593 | -€2,345 | -1.4% |
| Financial debts | 170/4 | €164,939 | €162,593 | -€2,345 | -1.4% |
| Amounts payable within one year | 42/48 | €87,096 | €81,196 | -€5,900 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €9,276 | €2,345 | -€6,931 | -74.7% |
| Trade debts | 44 | €14,179 | €14,179 | = | 0.0% |
| Suppliers | 440/4 | €14,179 | €14,179 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €55 | €1,085 | +€1,031 | +1,888% |
| Taxes | 450/3 | €55 | €1,085 | +€1,031 | +1,888% |
| Other amounts payable | 47/48 | €63,586 | €63,586 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €620 | - | -€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,862 | €21,862 | = | 0.0% |
| Other operating charges | 640/8 | €4,238 | €4,371 | +€133 | +3.1% |
| Gross operating margin | 9900 | €23,658 | €33,555 | +€9,897 | +41.8% |
| Operating profit (loss) | 9901 | -€2,442 | €7,322 | +€9,764 | |
| Financial charges | 65/66B | €402 | €411 | +€8 | +2.1% |
| Recurring financial charges | 65 | €402 | €411 | +€8 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,845 | €6,911 | +€9,756 | |
| Income taxes | 67/77 | - | €1,085 | +€1,085 | |
| Profit (loss) for the period | 9904 | -€2,845 | €5,826 | +€8,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,845 | €5,826 | +€8,671 |
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 20 October 2026 via checked.be.