V-Flowers: 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.
V-Flowers
Largest movements
- Tangible fixed assets +€93,989
up €93,989 (+23.6%), from €398,873 to €492,862
of which Plant, machinery and equipment: +€119,925
- Cash +€49,851
up €49,851 (+114%), from €43,574 to €93,425
mainly Depreciation (+€92,271) and Debts after one year (+€53,843)
- Stocks and contracts -€33,751
down €33,751 (-16.0%), from €211,493 to €177,743
- Debts after one year +€53,843
up €53,843 (+24.0%), from €224,166 to €278,010
- Reserves +€49,274
new in 2025: €49,274
- Current portion of long-term debt +€11,814
up €11,814 (+16.0%), from €74,000 to €85,814
- Financial income -€32,539
down €32,539 (-92.7%), from €35,104 to €2,564
- Staff costs -€24,685
down €24,685 (-72.3%), from €34,135 to €9,450
- Gross operating margin +€15,313
up €15,313 (+9.1%), from €167,556 to €182,869
- Depreciation -€9,973
down €9,973 (-9.8%), from €102,243 to €92,271
- Taxes +€6,519
up €6,519 (+297%), from €2,192 to €8,711
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 | €721,039 | €830,463 | +€109,424 | +15.2% |
| Fixed assets | 21/28 | €399,023 | €493,012 | +€93,989 | +23.6% |
| Tangible fixed assets | 22/27 | €398,873 | €492,862 | +€93,989 | +23.6% |
| Land and buildings | 22 | €252,010 | €239,177 | -€12,832 | -5.1% |
| Plant, machinery and equipment | 23 | €97,943 | €217,868 | +€119,925 | +122% |
| Furniture and vehicles | 24 | €48,921 | €35,817 | -€13,104 | -26.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €322,015 | €337,450 | +€15,435 | +4.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €36,000 | -€4,000 | -10.0% |
| Other amounts receivable | 291 | €40,000 | €36,000 | -€4,000 | -10.0% |
| Stocks and contracts in progress | 3 | €211,493 | €177,743 | -€33,751 | -16.0% |
| Stocks | 30/36 | €211,493 | €177,743 | -€33,751 | -16.0% |
| Amounts receivable within one year | 40/41 | €14,490 | €16,886 | +€2,396 | +16.5% |
| Trade receivables | 40 | €5,365 | €9,247 | +€3,882 | +72.4% |
| Other amounts receivable | 41 | €9,125 | €7,640 | -€1,485 | -16.3% |
| Cash at bank and in hand | 54/58 | €43,574 | €93,425 | +€49,851 | +114% |
| Deferred charges and accrued income | 490/1 | €12,459 | €13,397 | +€938 | +7.5% |
| Total equity and liabilities | 10/49 | €721,039 | €830,463 | +€109,424 | +15.2% |
| Equity | 10/15 | €397,590 | €446,864 | +€49,274 | +12.4% |
| Contributions | 10/11 | €262,880 | €262,880 | = | 0.0% |
| Reserves | 13 | - | €49,274 | +€49,274 | |
| Distributable reserves | 133 | - | €49,274 | +€49,274 | |
| Profit (loss) carried forward | 14 | €134,710 | €134,710 | = | 0.0% |
| Amounts payable | 17/49 | €323,448 | €383,598 | +€60,150 | +18.6% |
| Amounts payable after more than one year | 17 | €224,166 | €278,010 | +€53,843 | +24.0% |
| Financial debts | 170/4 | €224,166 | €278,010 | +€53,843 | +24.0% |
| Amounts payable within one year | 42/48 | €94,632 | €100,939 | +€6,307 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €74,000 | €85,814 | +€11,814 | +16.0% |
| Trade debts | 44 | €16,574 | €10,973 | -€5,601 | -33.8% |
| Suppliers | 440/4 | €16,574 | €10,973 | -€5,601 | -33.8% |
| Taxes, remuneration and social security | 45 | €4,058 | €3,825 | -€233 | -5.7% |
| Taxes | 450/3 | €1,372 | €3,701 | +€2,329 | +170% |
| Remuneration and social security | 454/9 | €2,686 | €125 | -€2,562 | -95.4% |
| Other amounts payable | 47/48 | €0 | €327 | +€327 | |
| Accrued charges and deferred income | 492/3 | €4,650 | €4,650 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €34,135 | €9,450 | -€24,685 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,243 | €92,271 | -€9,973 | -9.8% |
| Other operating charges | 640/8 | €6,308 | €5,573 | -€735 | -11.7% |
| Gross operating margin | 9900 | €167,556 | €182,869 | +€15,313 | +9.1% |
| Operating profit (loss) | 9901 | €24,870 | €75,575 | +€50,706 | +204% |
| Financial income | 75/76B | €35,104 | €2,564 | -€32,539 | -92.7% |
| Recurring financial income | 75 | €35,104 | €2,564 | -€32,539 | -92.7% |
| Financial charges | 65/66B | €20,803 | €20,155 | -€648 | -3.1% |
| Recurring financial charges | 65 | €20,803 | €20,155 | -€648 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €39,170 | €57,985 | +€18,815 | +48.0% |
| Income taxes | 67/77 | €2,192 | €8,711 | +€6,519 | +297% |
| Profit (loss) for the period | 9904 | €36,978 | €49,274 | +€12,296 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,978 | €49,274 | +€12,296 | +33.3% |
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 23 October 2026 via checked.be.