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 +€436,570
up €436,570 (+203%), from €214,858 to €651,428
mainly Depreciation (+€343,885) and Current investments (+€270,000)
- Tangible fixed assets -€330,488
down €330,488 (-11.0%), from €3.0m to €2.7m
of which Land and buildings: -€299,764
- Current investments -€270,000
down €270,000 (-100%), from €270,000 to €0
- Profit (loss) carried forward -€110,433
down €110,433 (-6.2%), from -€1.8m to -€1.9m
- Trade debts -€63,409
down €63,409 (-43.4%), from €146,199 to €82,790
- Staff costs +€99,923
up €99,923 (+15.8%), from €634,016 to €733,939
- Financial income +€22,505
up €22,505 (+85.8%), from €26,242 to €48,747
- Gross operating margin -€17,706
down €17,706 (-1.9%), from €952,043 to €934,337
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 | €3,544,384 | €3,408,761 | -€135,623 | -3.8% |
| Fixed assets | 21/28 | €3,004,100 | €2,672,353 | -€331,747 | -11.0% |
| Intangible fixed assets | 21 | €2,811 | €1,552 | -€1,259 | -44.8% |
| Tangible fixed assets | 22/27 | €3,001,290 | €2,670,801 | -€330,488 | -11.0% |
| Land and buildings | 22 | €2,814,257 | €2,514,493 | -€299,764 | -10.7% |
| Plant, machinery and equipment | 23 | €126,543 | €109,467 | -€17,076 | -13.5% |
| Furniture and vehicles | 24 | €60,490 | €46,841 | -€13,649 | -22.6% |
| Current assets | 29/58 | €540,283 | €736,408 | +€196,124 | +36.3% |
| Amounts receivable after more than one year | 29 | €0 | €10,166 | +€10,166 | |
| Other amounts receivable | 291 | €0 | €10,166 | +€10,166 | |
| Stocks and contracts in progress | 3 | €22,436 | €22,713 | +€277 | +1.2% |
| Stocks | 30/36 | €22,436 | €22,713 | +€277 | +1.2% |
| Amounts receivable within one year | 40/41 | €25,689 | €44,847 | +€19,158 | +74.6% |
| Trade receivables | 40 | €20,163 | €22,948 | +€2,784 | +13.8% |
| Other amounts receivable | 41 | €5,526 | €21,899 | +€16,373 | +296% |
| Current investments | 50/53 | €270,000 | €0 | -€270,000 | -100% |
| Cash at bank and in hand | 54/58 | €214,858 | €651,428 | +€436,570 | +203% |
| Deferred charges and accrued income | 490/1 | €7,300 | €7,254 | -€46 | -0.6% |
| Total equity and liabilities | 10/49 | €3,544,384 | €3,408,761 | -€135,623 | -3.8% |
| Equity | 10/15 | €3,246,090 | €3,167,957 | -€78,133 | -2.4% |
| Contributions | 10/11 | €4,850,000 | €4,850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,767,842 | -€1,878,275 | -€110,433 | -6.2% |
| Investment grants | 15 | €163,932 | €196,232 | +€32,301 | +19.7% |
| Amounts payable | 17/49 | €298,294 | €240,803 | -€57,490 | -19.3% |
| Amounts payable within one year | 42/48 | €298,294 | €240,803 | -€57,490 | -19.3% |
| Trade debts | 44 | €146,199 | €82,790 | -€63,409 | -43.4% |
| Suppliers | 440/4 | €146,199 | €82,790 | -€63,409 | -43.4% |
| Advances received on contracts in progress | 46 | €20,544 | €20,982 | +€438 | +2.1% |
| Taxes, remuneration and social security | 45 | €131,552 | €137,032 | +€5,480 | +4.2% |
| Taxes | 450/3 | €32,254 | €31,585 | -€669 | -2.1% |
| Remuneration and social security | 454/9 | €99,297 | €105,447 | +€6,150 | +6.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,531 | €14,150 | +€3,619 | +34.4% |
| Remuneration, social security and pensions | 62 | €634,016 | €733,939 | +€99,923 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352,649 | €343,885 | -€8,764 | -2.5% |
| Other operating charges | 640/8 | €9,518 | €9,702 | +€184 | +1.9% |
| Gross operating margin | 9900 | €952,043 | €934,337 | -€17,706 | -1.9% |
| Operating profit (loss) | 9901 | -€44,140 | -€153,190 | -€109,050 | -247% |
| Financial income | 75/76B | €26,242 | €48,747 | +€22,505 | +85.8% |
| Recurring financial income | 75 | €26,242 | €48,747 | +€22,505 | +85.8% |
| Financial charges | 65/66B | €3,489 | €3,339 | -€151 | -4.3% |
| Recurring financial charges | 65 | €3,489 | €3,339 | -€151 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,388 | -€107,781 | -€86,394 | -404% |
| Income taxes | 67/77 | - | €2,652 | +€2,652 | |
| Profit (loss) for the period | 9904 | -€21,388 | -€110,433 | -€89,046 | -416% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,388 | -€110,433 | -€89,046 | -416% |
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.