MIFLOROSO: 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.
MIFLOROSO
Largest movements
- Receivables within one year +€42,520
up €42,520 (+178%), from €23,916 to €66,436
of which Other amounts receivable: +€53,000
- Tangible fixed assets -€19,647
down €19,647 (-2.4%), from €806,379 to €786,732
of which Other tangible fixed assets: -€9,876
- Cash +€10,991
up €10,991 (+14.9%), from €73,767 to €84,759
mainly Depreciation (+€128,544) and Net result for the year (+€125,335)
- Other debts +€78,627
up €78,627 (+169%), from €46,606 to €125,233
- Debts after one year -€62,885
down €62,885 (-20.8%), from €301,688 to €238,804
of which Financial debts: -€60,608
- Trade debts +€19,407
up €19,407 (+341%), from €5,698 to €25,105
- Current portion of long-term debt -€14,238
down €14,238 (-19.0%), from €74,846 to €60,608
- Tax, wage and social debts +€10,683
up €10,683 (+20.0%), from €53,377 to €64,060
- Turnover +€59,410
up €59,410 (+10.6%), from €562,859 to €622,268
- Purchases and services +€54,072
up €54,072 (+22.7%), from €238,224 to €292,295
- Depreciation -€19,798
down €19,798 (-13.3%), from €148,342 to €128,544
- Other operating charges -€19,096
down €19,096 (-47.8%), from €39,913 to €20,817
- Taxes +€9,239
up €9,239 (+31.1%), from €29,735 to €38,974
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 | €919,004 | €950,598 | +€31,594 | +3.4% |
| Fixed assets | 21/28 | €819,129 | €797,082 | -€22,047 | -2.7% |
| Intangible fixed assets | 21 | €12,000 | €9,600 | -€2,400 | -20.0% |
| Tangible fixed assets | 22/27 | €806,379 | €786,732 | -€19,647 | -2.4% |
| Land and buildings | 22 | €16,000 | €16,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €263,851 | €254,080 | -€9,771 | -3.7% |
| Other tangible fixed assets | 26 | €526,528 | €516,652 | -€9,876 | -1.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €99,875 | €153,516 | +€53,641 | +53.7% |
| Amounts receivable within one year | 40/41 | €23,916 | €66,436 | +€42,520 | +178% |
| Trade receivables | 40 | €23,916 | €13,436 | -€10,480 | -43.8% |
| Other amounts receivable | 41 | - | €53,000 | +€53,000 | |
| Cash at bank and in hand | 54/58 | €73,767 | €84,759 | +€10,991 | +14.9% |
| Deferred charges and accrued income | 490/1 | €2,192 | €2,322 | +€130 | +5.9% |
| Total equity and liabilities | 10/49 | €919,004 | €950,598 | +€31,594 | +3.4% |
| Equity | 10/15 | €436,789 | €436,789 | = | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €179,627 | €179,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €179,627 | €179,627 | = | 0.0% |
| Other | 1319 | €179,627 | €179,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,162 | €7,162 | = | 0.0% |
| Amounts payable | 17/49 | €482,216 | €513,810 | +€31,594 | +6.6% |
| Amounts payable after more than one year | 17 | €301,688 | €238,804 | -€62,885 | -20.8% |
| Financial debts | 170/4 | €224,411 | €163,804 | -€60,608 | -27.0% |
| Other amounts payable | 178/9 | €77,277 | €75,000 | -€2,277 | -2.9% |
| Amounts payable within one year | 42/48 | €180,527 | €275,006 | +€94,479 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €74,846 | €60,608 | -€14,238 | -19.0% |
| Trade debts | 44 | €5,698 | €25,105 | +€19,407 | +341% |
| Suppliers | 440/4 | €5,698 | €25,105 | +€19,407 | +341% |
| Taxes, remuneration and social security | 45 | €53,377 | €64,060 | +€10,683 | +20.0% |
| Taxes | 450/3 | €53,377 | €64,060 | +€10,683 | +20.0% |
| Other amounts payable | 47/48 | €46,606 | €125,233 | +€78,627 | +169% |
| Turnover | 70 | €562,859 | €622,268 | +€59,410 | +10.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €238,224 | €292,295 | +€54,072 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,342 | €128,544 | -€19,798 | -13.3% |
| Other operating charges | 640/8 | €39,913 | €20,817 | -€19,096 | -47.8% |
| Gross operating margin | 9900 | €324,635 | €329,973 | +€5,338 | +1.6% |
| Operating profit (loss) | 9901 | €136,379 | €180,612 | +€44,233 | +32.4% |
| Financial charges | 65/66B | €11,788 | €16,304 | +€4,515 | +38.3% |
| Recurring financial charges | 65 | €11,788 | €16,304 | +€4,515 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €124,591 | €164,309 | +€39,718 | +31.9% |
| Income taxes | 67/77 | €29,735 | €38,974 | +€9,239 | +31.1% |
| Profit (loss) for the period | 9904 | €94,856 | €125,335 | +€30,478 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,856 | €125,335 | +€30,478 | +32.1% |
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 20 October 2026 via checked.be.