Flo-Val: 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.
Flo-Val
Largest movements
- Receivables within one year -€20,657
down €20,657 (-21.9%), from €94,136 to €73,479
of which Trade receivables: -€16,148
- Tangible fixed assets +€1,839
new in 2024: €1,839
- Profit (loss) carried forward +€39,733
up €39,733 (+795%), from €4,995 to €44,728
- Trade debts -€32,146
down €32,146 (-79.6%), from €40,360 to €8,214
- Tax, wage and social debts -€18,737
down €18,737 (-68.1%), from €27,533 to €8,796
of which Taxes: -€13,943
- Current portion of long-term debt -€7,637
no longer reported in 2024 (was €7,637)
- Staff costs -€31,913
down €31,913 (-90.6%), from €35,235 to €3,322
- Other operating charges +€8,075
up €8,075 (+171%), from €4,710 to €12,785
- Depreciation -€4,602
down €4,602 (-99.8%), from €4,613 to €11
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,736 | €76,919 | -€18,818 | -19.7% |
| Fixed assets | 21/28 | €1,600 | €3,439 | +€1,839 | +115% |
| Tangible fixed assets | 22/27 | - | €1,839 | +€1,839 | |
| Furniture and vehicles | 24 | - | €1,839 | +€1,839 | |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €94,136 | €73,479 | -€20,657 | -21.9% |
| Amounts receivable within one year | 40/41 | €94,136 | €73,479 | -€20,657 | -21.9% |
| Trade receivables | 40 | €67,048 | €50,900 | -€16,148 | -24.1% |
| Other amounts receivable | 41 | €27,088 | €22,580 | -€4,509 | -16.6% |
| Total equity and liabilities | 10/49 | €95,736 | €76,919 | -€18,818 | -19.7% |
| Equity | 10/15 | €14,205 | €53,938 | +€39,733 | +280% |
| Contributions | 10/11 | €7,350 | €7,350 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,995 | €44,728 | +€39,733 | +795% |
| Amounts payable | 17/49 | €81,531 | €22,980 | -€58,550 | -71.8% |
| Amounts payable within one year | 42/48 | €81,531 | €22,980 | -€58,550 | -71.8% |
| Current portion of amounts payable after more than one year | 42 | €7,637 | - | -€7,637 | |
| Financial debts | 43 | €6,000 | €5,970 | -€30 | -0.5% |
| Credit institutions | 430/8 | €6,000 | €5,970 | -€30 | -0.5% |
| Trade debts | 44 | €40,360 | €8,214 | -€32,146 | -79.6% |
| Suppliers | 440/4 | €40,360 | €8,214 | -€32,146 | -79.6% |
| Taxes, remuneration and social security | 45 | €27,533 | €8,796 | -€18,737 | -68.1% |
| Taxes | 450/3 | €22,066 | €8,123 | -€13,943 | -63.2% |
| Remuneration and social security | 454/9 | €5,467 | €673 | -€4,794 | -87.7% |
| Remuneration, social security and pensions | 62 | €35,235 | €3,322 | -€31,913 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,613 | €11 | -€4,602 | -99.8% |
| Other operating charges | 640/8 | €4,710 | €12,785 | +€8,075 | +171% |
| Non-recurring operating charges | 66A | €3,581 | €2,571 | -€1,010 | -28.2% |
| Gross operating margin | 9900 | €61,688 | €61,096 | -€592 | -1.0% |
| Operating profit (loss) | 9901 | €13,549 | €42,408 | +€28,859 | +213% |
| Financial charges | 65/66B | €2,386 | €2,576 | +€190 | +7.9% |
| Recurring financial charges | 65 | €2,386 | €2,576 | +€190 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €11,163 | €39,832 | +€28,669 | +257% |
| Income taxes | 67/77 | €355 | €99 | -€256 | -72.1% |
| Profit (loss) for the period | 9904 | €10,808 | €39,733 | +€28,925 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €10,808 | €39,733 | +€28,925 | +268% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.