Microflor: 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
Microflor
NACE 01.191, Growing of flowers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.4m
2024 · -€1.3m-€3.1m
Equity
€3.8m
2024 · €10.2m-€6.4m
Cash
€585,148
2024 · €37,839+€547,309
Balance sheet total
€59.6m
2024 · €58.1m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+37.0%), from €4.4m to €6.1m
of which Other amounts receivable: +€2.7m
- Tangible fixed assets -€848,897
down €848,897 (-20.3%), from €4.2m to €3.3m
of which Plant, machinery and equipment: -€666,515
- Financial fixed assets +€634,531
up €634,531 (+1.5%), from €41.6m to €42.2m
of which Affiliated companies: +€634,531
Equity and liabilities
- Debts after one year +€18.7m
up €18.7m (+73.0%), from €25.6m to €44.2m
- Profit (loss) carried forward -€8.2m
down €8.2m (-228.0%), from -€3.6m to -€11.7m
- Other debts -€6.9m
down €6.9m (-74.1%), from €9.3m to €2.4m
- Current portion of long-term debt -€6.7m
down €6.7m (-78.2%), from €8.6m to €1.9m
- Contributions +€6.7m
up €6.7m (+79.6%), from €8.4m to €15.1m
Income statement
- Turnover -€951,320
down €951,320 (-3.8%), from €25.1m to €24.1m
- Goods and materials -€886,918
down €886,918 (-8.9%), from €10.0m to €9.1m
of which Change in stocks: decrease (increase): -€754,213
- Services and other goods +€883,499
up €883,499 (+11.8%), from €7.5m to €8.4m
- Depreciation +€554,705
up €554,705 (+16.6%), from €3.3m to €3.9m
- Staff costs +€448,408
up €448,408 (+6.2%), from €7.2m to €7.6m
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
-€1.3m
Turnover
-€951,320
Other operating income
-€93,417
Goods and materials
+€886,918
Services and other goods
-€883,499
Staff costs
-€448,408
Depreciation
-€554,705
Other operating charges
+€92,841
Other operating items
-€886,709
Financial income
+€44,425
Financial charges
-€291,858
Taxes
+€12,393
Result 2025
-€4.4m
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
-€8.8m
Investment
-€3.6m
Financing
+€12.9m
Cash 2024
€37,839
From operations (derived)
-€8.8m
Net result for the year
-€4.4m
Depreciation
+€3.9m
Stocks and contracts
+€440,426
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€72,592
Trade debts
-€207,336
Smaller working-capital items
+€49,262
Other debts
-€6.9m
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€12.9m
Debts after one year
+€18.7m
Current portion of long-term debt
-€6.7m
Short-term financial debts
+€3.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€585,148
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,142,423 | €59,620,671 | +€1.5m | +2.5% |
| Fixed assets | 21/28 | €48,308,737 | €47,962,975 | -€345,762 | -0.7% |
| Intangible fixed assets | 21 | €2,524,160 | €2,392,763 | -€131,396 | -5.2% |
| Tangible fixed assets | 22/27 | €4,183,232 | €3,334,335 | -€848,897 | -20.3% |
| Land and buildings | 22 | €2,232,093 | €2,059,605 | -€172,488 | -7.7% |
| Plant, machinery and equipment | 23 | €1,918,685 | €1,252,169 | -€666,515 | -34.7% |
| Furniture and vehicles | 24 | €32,455 | €22,561 | -€9,894 | -30.5% |
| Financial fixed assets | 28 | €41,601,345 | €42,235,876 | +€634,531 | +1.5% |
| Affiliated companies | 280/1 | €41,601,145 | €42,235,676 | +€634,531 | +1.5% |
| Participating interests | 280 | €41,601,145 | €42,235,676 | +€634,531 | +1.5% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €9,833,686 | €11,657,696 | +€1.8m | +18.5% |
| Stocks and contracts in progress | 3 | €5,345,465 | €4,905,040 | -€440,426 | -8.2% |
| Stocks | 30/36 | €5,345,465 | €4,905,040 | -€440,426 | -8.2% |
| Raw materials and consumables | 30/31 | €502,468 | €406,338 | -€96,130 | -19.1% |
| Work in progress | 32 | €4,825,283 | €4,465,401 | -€359,881 | -7.5% |
| Finished goods | 33 | €823 | €13,157 | +€12,334 | +1498.9% |
| Goods purchased for resale | 34 | €16,891 | €20,143 | +€3,251 | +19.2% |
| Amounts receivable within one year | 40/41 | €4,443,239 | €6,087,774 | +€1.6m | +37.0% |
| Trade receivables | 40 | €4,105,070 | €3,051,460 | -€1.1m | -25.7% |
| Other amounts receivable | 41 | €338,169 | €3,036,314 | +€2.7m | +797.9% |
| Cash at bank and in hand | 54/58 | €37,839 | €585,148 | +€547,309 | +1446.4% |
| Deferred charges and accrued income | 490/1 | €7,142 | €79,734 | +€72,592 | +1016.4% |
| Total equity and liabilities | 10/49 | €58,142,423 | €59,620,671 | +€1.5m | +2.5% |
| Equity | 10/15 | €10,236,600 | €3,845,516 | -€6.4m | -62.4% |
| Contributions | 10/11 | €8,408,969 | €15,101,081 | +€6.7m | +79.6% |
| Capital | 10 | €8,408,969 | €15,101,081 | +€6.7m | +79.6% |
| Issued capital | 100 | €8,408,969 | €15,101,081 | +€6.7m | +79.6% |
| Reserves | 13 | €5,374,462 | €474,477 | -€4.9m | -91.2% |
| Non-distributable reserves | 130/1 | €336,132 | €336,132 | = | 0.0% |
| Legal reserve | 130 | €336,132 | €336,132 | = | 0.0% |
| Tax-exempt reserves | 132 | €138,345 | €138,345 | = | 0.0% |
| Distributable reserves | 133 | €4,899,985 | €0 | -€4.9m | -100.0% |
| Profit (loss) carried forward | 14 | -€3,577,678 | -€11,736,118 | -€8.2m | -228.0% |
| Investment grants | 15 | €30,847 | €6,075 | -€24,772 | -80.3% |
| Amounts payable | 17/49 | €47,905,822 | €55,775,155 | +€7.9m | +16.4% |
| Amounts payable after more than one year | 17 | €25,560,289 | €44,215,900 | +€18.7m | +73.0% |
| Financial debts | 170/4 | €25,560,289 | €44,215,900 | +€18.7m | +73.0% |
| Subordinated loans | 170 | - | €31,842,983 | +€31.8m | |
| Credit institutions | 173 | €11,397,917 | €12,372,917 | +€975,000 | +8.6% |
| Other loans | 174 | €14,162,372 | €0 | -€14.2m | -100.0% |
| Amounts payable within one year | 42/48 | €22,277,552 | €11,448,507 | -€10.8m | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €8,620,546 | €1,875,000 | -€6.7m | -78.2% |
| Financial debts | 43 | - | €3,000,000 | +€3.0m | |
| Credit institutions | 430/8 | - | €3,000,000 | +€3.0m | |
| Trade debts | 44 | €3,326,720 | €3,119,384 | -€207,336 | -6.2% |
| Suppliers | 440/4 | €3,326,720 | €3,119,384 | -€207,336 | -6.2% |
| Taxes, remuneration and social security | 45 | €1,037,235 | €1,043,730 | +€6,495 | +0.6% |
| Taxes | 450/3 | €49,280 | €3,949 | -€45,331 | -92.0% |
| Remuneration and social security | 454/9 | €987,955 | €1,039,781 | +€51,826 | +5.2% |
| Other amounts payable | 47/48 | €9,293,052 | €2,410,393 | -€6.9m | -74.1% |
| Accrued charges and deferred income | 492/3 | €67,981 | €110,749 | +€42,767 | +62.9% |
| Operating income | 70/76A | €28,906,641 | €26,975,195 | -€1.9m | -6.7% |
| Turnover | 70 | €25,066,187 | €24,114,867 | -€951,320 | -3.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €924,224 | -€347,547 | -€1.3m | |
| Own construction capitalised | 72 | €2,313,919 | €2,698,981 | +€385,062 | +16.6% |
| Other operating income | 74 | €602,310 | €508,893 | -€93,417 | -15.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €28,177,290 | €29,084,143 | +€906,853 | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €9,993,521 | €9,106,603 | -€886,918 | -8.9% |
| Purchases | 600/8 | €9,146,429 | €9,013,724 | -€132,705 | -1.5% |
| Change in stocks: decrease (increase) | 609 | €847,092 | €92,879 | -€754,213 | -89.0% |
| Services and other goods | 61 | €7,494,529 | €8,378,027 | +€883,499 | +11.8% |
| Remuneration, social security and pensions | 62 | €7,178,195 | €7,626,603 | +€448,408 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347,897 | €3,902,602 | +€554,705 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €163,148 | €70,308 | -€92,841 | -56.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €729,351 | -€2,108,949 | -€2.8m | |
| Financial income | 75/76B | €282,063 | €326,488 | +€44,425 | +15.8% |
| Recurring financial income | 75 | €282,063 | €326,488 | +€44,425 | +15.8% |
| Income from current assets | 751 | €1,311 | €202,992 | +€201,681 | +15389.0% |
| Other financial income | 752/9 | €280,752 | €123,496 | -€157,256 | -56.0% |
| Financial charges | 65/66B | €2,346,084 | €2,637,942 | +€291,858 | +12.4% |
| Recurring financial charges | 65 | €2,346,084 | €2,637,942 | +€291,858 | +12.4% |
| Debt charges | 650 | €1,998,990 | €2,219,883 | +€220,892 | +11.1% |
| Other financial charges | 652/9 | €347,094 | €418,060 | +€70,965 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,334,671 | -€4,420,403 | -€3.1m | -231.2% |
| Income taxes | 67/77 | €393 | -€12,000 | -€12,393 | |
| Taxes | 670/3 | €393 | €0 | -€393 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €12,000 | +€12,000 | |
| Profit (loss) for the period | 9904 | -€1,335,064 | -€4,408,403 | -€3.1m | -230.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,335,064 | -€4,408,403 | -€3.1m | -230.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.