FLOVAL: 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.
FLOVAL
Largest movements
- Receivables within one year +€23,559
up €23,559 (+62.5%), from €37,688 to €61,247
of which Trade receivables: +€21,075
- Cash -€14,842
down €14,842 (-28.0%), from €53,069 to €38,227
mainly Receivables within one year (-€23,559) and Current portion of long-term debt (-€2,693)
- Other debts +€6,074
up €6,074 (+1351.5%), from €449 to €6,524
- Reserves +€3,500
up €3,500 (+29.5%), from €11,859 to €15,359
of which Distributable reserves: +€15,359
- Current portion of long-term debt -€2,693
down €2,693 (-100.0%), from €2,693 to €0
- Gross operating margin -€6,783
down €6,783 (-44.4%), from €15,261 to €8,478
- Taxes -€1,038
down €1,038 (-25.6%), from €4,058 to €3,021
- Financial charges +€455
up €455 (+185.6%), from €245 to €700
- Depreciation +€169
up €169 (+200.8%), from €84 to €254
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.
Cash bridge derived
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 | €94,540 | €102,368 | +€7,828 | +8.3% |
| Fixed assets | 21/28 | €940 | €687 | -€254 | -27.0% |
| Tangible fixed assets | 22/27 | €940 | €687 | -€254 | -27.0% |
| Furniture and vehicles | 24 | €940 | €687 | -€254 | -27.0% |
| Current assets | 29/58 | €93,600 | €101,681 | +€8,081 | +8.6% |
| Stocks and contracts in progress | 3 | €2,843 | €2,208 | -€635 | -22.3% |
| Stocks | 30/36 | €2,843 | €2,208 | -€635 | -22.3% |
| Amounts receivable within one year | 40/41 | €37,688 | €61,247 | +€23,559 | +62.5% |
| Trade receivables | 40 | €33,251 | €54,325 | +€21,075 | +63.4% |
| Other amounts receivable | 41 | €4,437 | €6,921 | +€2,484 | +56.0% |
| Cash at bank and in hand | 54/58 | €53,069 | €38,227 | -€14,842 | -28.0% |
| Total equity and liabilities | 10/49 | €94,540 | €102,368 | +€7,828 | +8.3% |
| Equity | 10/15 | €84,495 | €88,941 | +€4,447 | +5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €15,359 | +€3,500 | +29.5% |
| Non-distributable reserves | 130/1 | €11,859 | - | -€11,859 | |
| Reserves not available under the articles | 1311 | €11,859 | - | -€11,859 | |
| Distributable reserves | 133 | - | €15,359 | +€15,359 | |
| Profit (loss) carried forward | 14 | €54,043 | €54,990 | +€947 | +1.8% |
| Amounts payable | 17/49 | €10,046 | €13,427 | +€3,381 | +33.7% |
| Amounts payable within one year | 42/48 | €10,046 | €13,427 | +€3,381 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €2,693 | €0 | -€2,693 | -100.0% |
| Trade debts | 44 | €1,934 | €1,610 | -€324 | -16.7% |
| Suppliers | 440/4 | €1,934 | €1,610 | -€324 | -16.7% |
| Taxes, remuneration and social security | 45 | €4,969 | €5,292 | +€323 | +6.5% |
| Taxes | 450/3 | €3,158 | €2,494 | -€664 | -21.0% |
| Remuneration and social security | 454/9 | €1,811 | €2,798 | +€987 | +54.5% |
| Other amounts payable | 47/48 | €449 | €6,524 | +€6,074 | +1351.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €254 | +€169 | +200.8% |
| Non-recurring operating charges | 66A | €63 | €82 | +€19 | +30.6% |
| Gross operating margin | 9900 | €15,261 | €8,478 | -€6,783 | -44.4% |
| Operating profit (loss) | 9901 | €15,114 | €8,142 | -€6,972 | -46.1% |
| Financial income | 75/76B | €0 | €25 | +€25 | +16693.3% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +16693.3% |
| Financial charges | 65/66B | €245 | €700 | +€455 | +185.6% |
| Recurring financial charges | 65 | €245 | €700 | +€455 | +185.6% |
| Profit (loss) for the period before taxes | 9903 | €14,869 | €7,467 | -€7,402 | -49.8% |
| Income taxes | 67/77 | €4,058 | €3,021 | -€1,038 | -25.6% |
| Profit (loss) for the period | 9904 | €10,811 | €4,447 | -€6,364 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,811 | €4,447 | -€6,364 | -58.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.