Flogeo: 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.
Flogeo
Largest movements
- Financial fixed assets +€811,250
new in 2022: €811,250
- Receivables within one year -€269,987
down €269,987 (-99.9%), from €270,135 to €148
- Debts after one year +€370,610
up €370,610 (+247.1%), from €150,000 to €520,610
- Debts within one year +€110,800
up €110,800 (+187.5%), from €59,088 to €169,888
of which Current portion of long-term debt: +€91,321
- Equity +€61,176
up €61,176 (+100.0%), from €61,155 to €122,331
of which Reserves: +€61,176
- Gross operating margin +€28,642
up €28,642 (+217.5%), from €13,166 to €41,808
- Taxes +€9,787
up €9,787 (+319.1%), from €3,067 to €12,854
- Financial charges +€8,136
new in 2022: €8,136
- Other operating charges +€450
new in 2022: €450
From the 2020 result to the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,243 | €813,429 | +€543,186 | +201.0% |
| Fixed assets | 21/28 | - | €813,032 | +€813,032 | |
| Tangible fixed assets | 22/27 | - | €1,782 | +€1,782 | |
| Furniture and vehicles | 24 | - | €1,782 | +€1,782 | |
| Financial fixed assets | 28 | - | €811,250 | +€811,250 | |
| Current assets | 29/58 | €270,243 | €397 | -€269,846 | -99.9% |
| Amounts receivable within one year | 40/41 | €270,135 | €148 | -€269,987 | -99.9% |
| Other amounts receivable | 41 | - | €148 | +€148 | |
| Cash at bank and in hand | 54/58 | €108 | €249 | +€141 | +130.6% |
| Total equity and liabilities | 10/49 | €270,243 | €813,429 | +€543,186 | +201.0% |
| Equity | 10/15 | €61,155 | €122,331 | +€61,176 | +100.0% |
| Contributions | 10/11 | €50,500 | €50,500 | = | 0.0% |
| Capital | 10 | - | €50,500 | +€50,500 | |
| Issued capital | 100 | - | €50,500 | +€50,500 | |
| Reserves | 13 | €10,655 | €71,831 | +€61,176 | +574.2% |
| Non-distributable reserves | 130/1 | - | €71,831 | +€71,831 | |
| Legal reserve | 130 | - | €50 | +€50 | |
| Other | 1319 | - | €71,781 | +€71,781 | |
| Profit (loss) carried forward | 14 | -€2,505 | - | +€2,505 | |
| Amounts payable | 17/49 | €209,088 | €691,098 | +€482,010 | +230.5% |
| Amounts payable after more than one year | 17 | €150,000 | €520,610 | +€370,610 | +247.1% |
| Financial debts | 170/4 | - | €520,610 | +€520,610 | |
| Amounts payable within one year | 42/48 | €59,088 | €169,888 | +€110,800 | +187.5% |
| Current portion of amounts payable after more than one year | 42 | - | €91,321 | +€91,321 | |
| Trade debts | 44 | €1,913 | €5,024 | +€3,111 | +162.6% |
| Suppliers | 440/4 | - | €5,024 | +€5,024 | |
| Taxes, remuneration and social security | 45 | - | €45,815 | +€45,815 | |
| Taxes | 450/3 | - | €45,815 | +€45,815 | |
| Other amounts payable | 47/48 | - | €27,728 | +€27,728 | |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €339 | +€285 | +527.8% |
| Other operating charges | 640/8 | - | €450 | +€450 | |
| Gross operating margin | 9900 | €13,166 | €41,808 | +€28,642 | +217.5% |
| Operating profit (loss) | 9901 | €12,512 | €41,019 | +€28,507 | +227.8% |
| Financial charges | 65/66B | - | €8,136 | +€8,136 | |
| Recurring financial charges | 65 | €122 | €8,136 | +€8,014 | +6568.9% |
| Profit (loss) for the period before taxes | 9903 | €12,390 | €32,883 | +€20,493 | +165.4% |
| Income taxes | 67/77 | €3,067 | €12,854 | +€9,787 | +319.1% |
| Profit (loss) for the period | 9904 | €9,323 | €20,029 | +€10,706 | +114.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,323 | €20,029 | +€10,706 | +114.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2020 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.