FLOWSOURCE
InactiveFinancials · financial year 2022, micro format
Equity
€102,703▲ 19.5%
2021 · €85,946
Total assets
€115,441▼ 69.0%
2021 · €372,357
Net result
€65,203▼ 62.5%
2021 · €173,650
Working capital
€98,544▲ 22.6%
2021 · €80,370
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result falls in 2022; 2022 is 59% below 2021 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€91,145
2022
Net result€65,203
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€115,441
2022
Equity€102,703
2022
Debt€12,738
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€98,544
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€160,120-€190,218▲ 18.8%€220,572▲ 16.0%€91,145▼ 58.7%
Net result€119,401-€144,739▲ 21.2%€173,650▲ 20.0%€65,203▼ 62.5%
Equity€37,558-€182,297▲ 385%€85,946▼ 52.9%€102,703▲ 19.5%
Total assets€205,899-€225,629▲ 9.6%€372,357▲ 65.0%€115,441▼ 69.0%
Debt€168,341-€43,332▼ 74.3%€286,410▲ 561%€12,738▼ 95.6%
Working capital€34,028-€182,420▲ 436%€80,370▼ 55.9%€98,544▲ 22.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €115,441
Fixed assets
€4,287 ▼ 23.1%
Current assets
€111,154 ▼ 69.7%
Equity and liabilities €115,441
Equity
€102,703 ▲ 19.5%
Debt
€12,738 ▼ 95.6%
Debt's share of the balance-sheet total falls from 76.9% to 11.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92,435▼
2021 · €221,443
Cash flow
€66,493▼
2021 · €174,521
Current ratio
8.82▲
2021 · 1.28
Debt to equity
0.12
ROE
63.5%▼
2021 · 202.0%
ROA
56.5%▲
2021 · 46.6%
Interest coverage
over 100
Debt ≤ 1 year
€12,610▼
2021 · €286,410
Income taxes
€32,019▼
2021 · €54,226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,229 | €3,652 | €871 | €1,290 | ▲ 48.0% |
| Other operating charges640/8 | - | - | - | €1,387 | - |
| Gross operating margin9900 | €165,189 | €194,719 | €222,511 | €93,822 | ▼ 57.8% |
| Operating profit (loss)9901 | €160,120 | €190,218 | €220,572 | €91,145 | ▼ 58.7% |
| Financial income75/76B | - | - | - | €6,215 | - |
| Recurring financial income75 | €3,765 | €6,822 | €7,446 | €6,215 | ▼ 16.5% |
| Financial charges65/66B | - | - | - | €138 | - |
| Recurring financial charges65 | €261 | €155 | €143 | €138 | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €163,623 | €196,884 | €227,876 | €97,222 | ▼ 57.3% |
| Income taxes67/77 | €44,223 | €52,146 | €54,226 | €32,019 | ▼ 41.0% |
| Profit (loss) for the period9904 | €119,401 | €144,739 | €173,650 | €65,203 | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | €119,401 | €144,739 | €173,650 | €65,203 | ▼ 62.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €205,899 | €225,629 | €372,357 | €115,441 | ▼ 69.0% |
| Fixed assets21/28 | €3,652 | - | €5,576 | €4,287 | ▼ 23.1% |
| Tangible fixed assets22/27 | €3,652 | - | €5,576 | €4,287 | ▼ 23.1% |
| Furniture and vehicles24 | - | - | - | €4,287 | - |
| Current assets29/58 | €202,247 | €225,629 | €366,780 | €111,154 | ▼ 69.7% |
| Amounts receivable after more than one year29 | - | - | - | €37,938 | - |
| Other amounts receivable291 | - | - | - | €37,938 | - |
| Amounts receivable within one year40/41 | €25,477 | €30,786 | €27,836 | €614 | ▼ 97.8% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | - | - | - | €614 | - |
| Cash at bank and in hand54/58 | €40,005 | €62,884 | €113,671 | €72,299 | ▼ 36.4% |
| Deferred charges and accrued income490/1 | - | - | - | €303 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €205,899 | €225,629 | €372,357 | €115,441 | ▼ 69.0% |
| Equity10/15 | €37,558 | €182,297 | €85,946 | €102,703 | ▲ 19.5% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | - |
| Reserves13 | €12,500 | €12,500 | €12,500 | €77,703 | ▲ 522% |
| Distributable reserves133 | - | - | - | €77,703 | - |
| Profit (loss) carried forward14 | €58 | €144,797 | €48,446 | €0 | ▼ 100% |
| Amounts payable17/49 | €168,341 | €43,332 | €286,410 | €12,738 | ▼ 95.6% |
| Amounts payable within one year42/48 | €168,219 | €43,209 | €286,410 | €12,610 | ▼ 95.6% |
| Trade debts44 | €1,245 | €10,716 | €475 | €151 | ▼ 68.1% |
| Suppliers440/4 | - | - | - | €151 | - |
| Taxes, remuneration and social security45 | - | - | - | €11,945 | - |
| Taxes450/3 | - | - | - | €11,945 | - |
| Other amounts payable47/48 | - | - | - | €513 | - |
| Accrued charges and deferred income492/3 | - | - | - | €128 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,401 | €144,739 | €173,650 | €65,203 | ▼ 62.5% |
| + Depreciation and write-downs630 | €4,229 | €3,652 | €871 | €1,290 | ▲ 48.0% |
| Operating cash flow (approximation) | €123,630 | €148,391 | €174,521 | €66,493 | ▼ 61.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €22,879 | €50,787 | -€41,372 | ▼ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.