FLO-THERM: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
FLO-THERM
Largest movements
- Current assets -€8,608
down €8,608 (-6.8%), from €125,874 to €117,265
of which Cash: -€12,898
- Tangible fixed assets +€8,539
up €8,539 (+1,205%), from €709 to €9,248
- Debts within one year -€6,382
down €6,382 (-34.5%), from €18,502 to €12,121
of which Trade debts: -€5,965
- Equity +€6,313
up €6,313 (+5.8%), from €108,230 to €114,542
of which Contributions: +€18,600
- Gross operating margin -€19,722
down €19,722 (-66.1%), from €29,843 to €10,120
- Depreciation -€8,320
down €8,320 (-85.1%), from €9,772 to €1,453
- Taxes -€1,597
down €1,597 (-56.7%), from €2,817 to €1,220
- Other operating charges +€757
new in 2021: €757
Change in the result, 2020 to 2021
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,732 | €126,663 | -€69 | -0.1% |
| Fixed assets | 21/28 | €859 | €9,398 | +€8,539 | +995% |
| Tangible fixed assets | 22/27 | €709 | €9,248 | +€8,539 | +1,205% |
| Furniture and vehicles | 24 | - | €9,248 | +€9,248 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €125,874 | €117,265 | -€8,608 | -6.8% |
| Stocks and contracts in progress | 3 | €9,030 | €8,500 | -€530 | -5.9% |
| Stocks | 30/36 | - | €8,500 | +€8,500 | |
| Amounts receivable within one year | 40/41 | €28,443 | €33,003 | +€4,561 | +16.0% |
| Trade receivables | 40 | - | €14,116 | +€14,116 | |
| Other amounts receivable | 41 | - | €18,887 | +€18,887 | |
| Cash at bank and in hand | 54/58 | €88,195 | €75,297 | -€12,898 | -14.6% |
| Deferred charges and accrued income | 490/1 | - | €465 | +€465 | |
| Total equity and liabilities | 10/49 | €126,732 | €126,663 | -€69 | -0.1% |
| Equity | 10/15 | €108,230 | €114,542 | +€6,313 | +5.8% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €87,770 | €94,082 | +€6,313 | +7.2% |
| Amounts payable | 17/49 | €18,502 | €12,121 | -€6,382 | -34.5% |
| Amounts payable within one year | 42/48 | €18,502 | €12,121 | -€6,382 | -34.5% |
| Trade debts | 44 | €17,620 | €11,654 | -€5,965 | -33.9% |
| Suppliers | 440/4 | - | €11,654 | +€11,654 | |
| Other amounts payable | 47/48 | - | €466 | +€466 | |
| Remuneration, social security and pensions | 62 | - | €134 | +€134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,772 | €1,453 | -€8,320 | -85.1% |
| Other operating charges | 640/8 | - | €757 | +€757 | |
| Gross operating margin | 9900 | €29,843 | €10,120 | -€19,722 | -66.1% |
| Operating profit (loss) | 9901 | €13,048 | €7,777 | -€5,271 | -40.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | €46 | €0 | -€46 | -99.5% |
| Financial charges | 65/66B | - | €245 | +€245 | |
| Recurring financial charges | 65 | €228 | €245 | +€17 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,866 | €7,532 | -€5,334 | -41.5% |
| Income taxes | 67/77 | €2,817 | €1,220 | -€1,597 | -56.7% |
| Profit (loss) for the period | 9904 | €10,049 | €6,313 | -€3,737 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,049 | €6,313 | -€3,737 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.