FLIVAN: 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.
FLIVAN
Largest movements
- Receivables within one year +€721,893
up €721,893 (+6576.0%), from €10,978 to €732,870
of which Trade receivables: +€644,459
- Cash -€43,658
down €43,658 (-36.2%), from €120,475 to €76,817
mainly Receivables within one year (-€721,893) and Stocks and contracts (-€43,641)
- Stocks and contracts +€43,641
up €43,641 (+28.7%), from €151,828 to €195,469
- Tangible fixed assets +€33,001
up €33,001 (+218.6%), from €15,094 to €48,096
of which Plant, machinery and equipment: +€34,282
- Trade debts +€430,732
up €430,732 (+127.6%), from €337,624 to €768,356
- Other debts +€274,322
up €274,322 (+184.0%), from €149,086 to €423,408
- Profit (loss) carried forward +€34,950
up €34,950 (+11.0%), from -€317,205 to -€282,255
- Tax, wage and social debts +€19,882
up €19,882 (+107.1%), from €18,558 to €38,440
of which Remuneration and social security: +€19,810
- Gross operating margin +€123,336
up €123,336 (+73.7%), from €167,345 to €290,681
- Staff costs +€26,376
up €26,376 (+12.7%), from €207,216 to €233,592
- Financial income -€15,118
down €15,118 (-96.7%), from €15,626 to €508
- Other operating charges -€6,780
down €6,780 (-60.8%), from €11,148 to €4,367
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,375 | €1,061,261 | +€762,885 | +255.7% |
| Fixed assets | 21/28 | €15,094 | €48,096 | +€33,001 | +218.6% |
| Tangible fixed assets | 22/27 | €15,094 | €48,096 | +€33,001 | +218.6% |
| Land and buildings | 22 | €7,519 | €6,239 | -€1,280 | -17.0% |
| Plant, machinery and equipment | 23 | €7,575 | €41,856 | +€34,282 | +452.6% |
| Current assets | 29/58 | €283,281 | €1,013,165 | +€729,884 | +257.7% |
| Stocks and contracts in progress | 3 | €151,828 | €195,469 | +€43,641 | +28.7% |
| Stocks | 30/36 | €151,828 | €195,469 | +€43,641 | +28.7% |
| Amounts receivable within one year | 40/41 | €10,978 | €732,870 | +€721,893 | +6576.0% |
| Trade receivables | 40 | €0 | €644,459 | +€644,459 | |
| Other amounts receivable | 41 | €10,978 | €88,411 | +€77,434 | +705.4% |
| Cash at bank and in hand | 54/58 | €120,475 | €76,817 | -€43,658 | -36.2% |
| Deferred charges and accrued income | 490/1 | €0 | €8,008 | +€8,008 | |
| Total equity and liabilities | 10/49 | €298,375 | €1,061,261 | +€762,885 | +255.7% |
| Equity | 10/15 | -€206,892 | -€171,942 | +€34,950 | +16.9% |
| Contributions | 10/11 | €110,313 | €110,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,205 | -€282,255 | +€34,950 | +11.0% |
| Amounts payable | 17/49 | €505,268 | €1,233,203 | +€727,935 | +144.1% |
| Amounts payable within one year | 42/48 | €505,268 | €1,230,203 | +€724,935 | +143.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €337,624 | €768,356 | +€430,732 | +127.6% |
| Suppliers | 440/4 | €337,624 | €768,356 | +€430,732 | +127.6% |
| Taxes, remuneration and social security | 45 | €18,558 | €38,440 | +€19,882 | +107.1% |
| Taxes | 450/3 | €1,918 | €1,990 | +€72 | +3.8% |
| Remuneration and social security | 454/9 | €16,639 | €36,449 | +€19,810 | +119.1% |
| Other amounts payable | 47/48 | €149,086 | €423,408 | +€274,322 | +184.0% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €207,216 | €233,592 | +€26,376 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,936 | €5,624 | +€689 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,148 | €4,367 | -€6,780 | -60.8% |
| Gross operating margin | 9900 | €167,345 | €290,681 | +€123,336 | +73.7% |
| Operating profit (loss) | 9901 | -€55,954 | €47,098 | +€103,052 | |
| Financial income | 75/76B | €15,626 | €508 | -€15,118 | -96.7% |
| Recurring financial income | 75 | €15,626 | €508 | -€15,118 | -96.7% |
| Financial charges | 65/66B | €14,643 | €12,656 | -€1,987 | -13.6% |
| Recurring financial charges | 65 | €14,643 | €12,656 | -€1,987 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€54,971 | €34,950 | +€89,921 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€54,971 | €34,950 | +€89,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,971 | €34,950 | +€89,921 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.