LE FLORENTIN: 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.
LE FLORENTIN
Largest movements
- Cash +€64,744
up €64,744 (+23.6%), from €273,876 to €338,620
mainly Net result for the year (+€72,648) and Depreciation (+€17,754)
- Tangible fixed assets -€12,959
down €12,959 (-22.0%), from €58,937 to €45,978
of which Furniture and vehicles: -€11,230
- Receivables within one year +€5,056
up €5,056 (+21.4%), from €23,588 to €28,644
of which Trade receivables: +€2,659
- Profit (loss) carried forward +€72,648
up €72,648 (+25.7%), from €282,886 to €355,534
- Current portion of long-term debt -€10,477
down €10,477 (-71.0%), from €14,760 to €4,283
- Staff costs +€46,953
up €46,953 (+36.6%), from €128,205 to €175,158
- Taxes -€16,982
down €16,982 (-42.4%), from €40,033 to €23,051
- Gross operating margin -€11,814
down €11,814 (-3.8%), from €307,332 to €295,518
- Depreciation +€3,147
up €3,147 (+21.5%), from €14,607 to €17,754
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 | €381,857 | €439,132 | +€57,275 | +15.0% |
| Fixed assets | 21/28 | €59,167 | €46,208 | -€12,959 | -21.9% |
| Tangible fixed assets | 22/27 | €58,937 | €45,978 | -€12,959 | -22.0% |
| Plant, machinery and equipment | 23 | €8,431 | €6,702 | -€1,729 | -20.5% |
| Furniture and vehicles | 24 | €50,506 | €39,276 | -€11,230 | -22.2% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €322,690 | €392,924 | +€70,234 | +21.8% |
| Stocks and contracts in progress | 3 | €25,226 | €23,837 | -€1,389 | -5.5% |
| Stocks | 30/36 | €25,226 | €23,837 | -€1,389 | -5.5% |
| Amounts receivable within one year | 40/41 | €23,588 | €28,644 | +€5,056 | +21.4% |
| Trade receivables | 40 | €21,725 | €24,384 | +€2,659 | +12.2% |
| Other amounts receivable | 41 | €1,863 | €4,260 | +€2,397 | +129% |
| Cash at bank and in hand | 54/58 | €273,876 | €338,620 | +€64,744 | +23.6% |
| Deferred charges and accrued income | 490/1 | - | €1,823 | +€1,823 | |
| Total equity and liabilities | 10/49 | €381,857 | €439,132 | +€57,275 | +15.0% |
| Equity | 10/15 | €303,346 | €375,994 | +€72,648 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,886 | €355,534 | +€72,648 | +25.7% |
| Amounts payable | 17/49 | €78,511 | €63,138 | -€15,373 | -19.6% |
| Amounts payable after more than one year | 17 | €2,589 | - | -€2,589 | |
| Financial debts | 170/4 | €2,589 | - | -€2,589 | |
| Amounts payable within one year | 42/48 | €66,029 | €57,622 | -€8,407 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €14,760 | €4,283 | -€10,477 | -71.0% |
| Trade debts | 44 | €1,692 | €3,060 | +€1,368 | +80.9% |
| Suppliers | 440/4 | €1,692 | €3,060 | +€1,368 | +80.9% |
| Taxes, remuneration and social security | 45 | €47,648 | €46,524 | -€1,124 | -2.4% |
| Taxes | 450/3 | €27,037 | €24,380 | -€2,657 | -9.8% |
| Remuneration and social security | 454/9 | €20,611 | €22,144 | +€1,533 | +7.4% |
| Other amounts payable | 47/48 | €1,929 | €3,755 | +€1,826 | +94.7% |
| Accrued charges and deferred income | 492/3 | €9,893 | €5,516 | -€4,377 | -44.2% |
| Remuneration, social security and pensions | 62 | €128,205 | €175,158 | +€46,953 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,607 | €17,754 | +€3,147 | +21.5% |
| Other operating charges | 640/8 | €4,227 | €1,743 | -€2,484 | -58.8% |
| Gross operating margin | 9900 | €307,332 | €295,518 | -€11,814 | -3.8% |
| Operating profit (loss) | 9901 | €160,293 | €100,863 | -€59,430 | -37.1% |
| Financial income | 75/76B | €402 | €461 | +€59 | +14.7% |
| Recurring financial income | 75 | €402 | €461 | +€59 | +14.7% |
| Financial charges | 65/66B | €8,414 | €5,625 | -€2,789 | -33.1% |
| Recurring financial charges | 65 | €8,414 | €5,625 | -€2,789 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €152,281 | €95,699 | -€56,582 | -37.2% |
| Income taxes | 67/77 | €40,033 | €23,051 | -€16,982 | -42.4% |
| Profit (loss) for the period | 9904 | €112,248 | €72,648 | -€39,600 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €112,248 | €72,648 | -€39,600 | -35.3% |
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 16 October 2026 via checked.be.