Flogana: 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.
Flogana
Largest movements
- Receivables within one year +€24,384
up €24,384 (+55.9%), from €43,659 to €68,044
of which Trade receivables: +€12,708
- Cash +€21,356
up €21,356 (+24.6%), from €86,963 to €108,319
mainly Stocks and contracts (+€20,373) and Depreciation (+€19,395)
- Stocks and contracts -€20,373
down €20,373 (-20.0%), from €102,113 to €81,740
- Tangible fixed assets -€12,496
down €12,496 (-13.0%), from €96,231 to €83,735
of which Other tangible fixed assets: -€11,788
- Trade debts +€14,910
up €14,910 (+10.8%), from €138,501 to €153,411
- Debts after one year -€10,522
down €10,522 (-21.9%), from €47,951 to €37,429
- Reserves +€9,650
up €9,650 (+24.7%), from €39,050 to €48,700
- Current portion of long-term debt +€6,488
up €6,488 (+64.5%), from €10,060 to €16,548
- Gross operating margin +€18,442
up €18,442 (+12.3%), from €149,778 to €168,220
- Staff costs +€17,371
up €17,371 (+19.4%), from €89,573 to €106,944
- Financial charges +€4,676
up €4,676 (+46.3%), from €10,097 to €14,773
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 | €332,894 | €345,044 | +€12,151 | +3.6% |
| Fixed assets | 21/28 | €96,477 | €83,981 | -€12,496 | -13.0% |
| Tangible fixed assets | 22/27 | €96,231 | €83,735 | -€12,496 | -13.0% |
| Plant, machinery and equipment | 23 | €10,534 | €8,333 | -€2,201 | -20.9% |
| Furniture and vehicles | 24 | €1,993 | €3,486 | +€1,493 | +74.9% |
| Other tangible fixed assets | 26 | €83,704 | €71,917 | -€11,788 | -14.1% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €236,416 | €261,063 | +€24,646 | +10.4% |
| Stocks and contracts in progress | 3 | €102,113 | €81,740 | -€20,373 | -20.0% |
| Stocks | 30/36 | €102,113 | €81,740 | -€20,373 | -20.0% |
| Amounts receivable within one year | 40/41 | €43,659 | €68,044 | +€24,384 | +55.9% |
| Trade receivables | 40 | €2,309 | €15,017 | +€12,708 | +550% |
| Other amounts receivable | 41 | €41,350 | €53,027 | +€11,677 | +28.2% |
| Cash at bank and in hand | 54/58 | €86,963 | €108,319 | +€21,356 | +24.6% |
| Deferred charges and accrued income | 490/1 | €3,682 | €2,961 | -€721 | -19.6% |
| Total equity and liabilities | 10/49 | €332,894 | €345,044 | +€12,151 | +3.6% |
| Equity | 10/15 | €90,662 | €100,324 | +€9,662 | +10.7% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €39,050 | €48,700 | +€9,650 | +24.7% |
| Distributable reserves | 133 | €39,050 | €48,700 | +€9,650 | +24.7% |
| Profit (loss) carried forward | 14 | €9,612 | €9,624 | +€12 | +0.1% |
| Amounts payable | 17/49 | €242,232 | €244,720 | +€2,488 | +1.0% |
| Amounts payable after more than one year | 17 | €47,951 | €37,429 | -€10,522 | -21.9% |
| Financial debts | 170/4 | €47,951 | €37,429 | -€10,522 | -21.9% |
| Amounts payable within one year | 42/48 | €194,281 | €207,292 | +€13,011 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €10,060 | €16,548 | +€6,488 | +64.5% |
| Financial debts | 43 | €1,587 | €0 | -€1,587 | -100% |
| Credit institutions | 430/8 | €1,587 | €0 | -€1,587 | -100% |
| Trade debts | 44 | €138,501 | €153,411 | +€14,910 | +10.8% |
| Suppliers | 440/4 | €138,501 | €153,411 | +€14,910 | +10.8% |
| Advances received on contracts in progress | 46 | €2,814 | €0 | -€2,814 | -100% |
| Taxes, remuneration and social security | 45 | €35,247 | €34,176 | -€1,071 | -3.0% |
| Taxes | 450/3 | €26,454 | €23,079 | -€3,375 | -12.8% |
| Remuneration and social security | 454/9 | €8,793 | €11,098 | +€2,305 | +26.2% |
| Other amounts payable | 47/48 | €6,071 | €3,156 | -€2,915 | -48.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €89,573 | €106,944 | +€17,371 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,477 | €19,395 | +€918 | +5.0% |
| Other operating charges | 640/8 | €10,169 | €11,305 | +€1,136 | +11.2% |
| Gross operating margin | 9900 | €149,778 | €168,220 | +€18,442 | +12.3% |
| Operating profit (loss) | 9901 | €31,559 | €30,576 | -€983 | -3.1% |
| Financial income | 75/76B | €541 | €755 | +€214 | +39.6% |
| Recurring financial income | 75 | €541 | €755 | +€214 | +39.6% |
| Financial charges | 65/66B | €10,097 | €14,773 | +€4,676 | +46.3% |
| Recurring financial charges | 65 | €10,097 | €14,773 | +€4,676 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €22,003 | €16,558 | -€5,445 | -24.7% |
| Income taxes | 67/77 | €7,152 | €6,895 | -€256 | -3.6% |
| Profit (loss) for the period | 9904 | €14,851 | €9,662 | -€5,189 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,851 | €9,662 | -€5,189 | -34.9% |
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 17 October 2026 via checked.be.