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 +€111,149
up €111,149 (+190.1%), from €58,457 to €169,606
of which Trade receivables: +€122,278
- Tangible fixed assets +€109,091
up €109,091 (+26.2%), from €415,710 to €524,801
of which Plant, machinery and equipment: +€155,897
- Other debts +€266,000
up €266,000 (+30.2%), from €880,914 to €1.1m
- Debts after one year -€81,261
down €81,261 (-72.2%), from €112,522 to €31,261
- Trade debts +€27,359
up €27,359 (+129.7%), from €21,095 to €48,454
- Profit (loss) carried forward +€17,965
up €17,965 (+1.3%), from -€1.4m to -€1.4m
- Gross operating margin -€148,778
down €148,778 (-55.7%), from €267,329 to €118,551
- Depreciation +€17,960
up €17,960 (+25.5%), from €70,449 to €88,409
- Financial charges -€16,345
down €16,345 (-64.9%), from €25,173 to €8,828
- Financial income -€6,665
down €6,665 (-71.8%), from €9,283 to €2,618
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,378 | €713,393 | +€224,015 | +45.8% |
| Fixed assets | 21/28 | €415,710 | €524,801 | +€109,091 | +26.2% |
| Tangible fixed assets | 22/27 | €415,710 | €524,801 | +€109,091 | +26.2% |
| Land and buildings | 22 | €289,498 | €242,692 | -€46,805 | -16.2% |
| Plant, machinery and equipment | 23 | €126,212 | €282,109 | +€155,897 | +123.5% |
| Current assets | 29/58 | €73,668 | €188,592 | +€114,923 | +156.0% |
| Stocks and contracts in progress | 3 | €10,900 | €8,350 | -€2,550 | -23.4% |
| Stocks | 30/36 | €10,900 | €8,350 | -€2,550 | -23.4% |
| Amounts receivable within one year | 40/41 | €58,457 | €169,606 | +€111,149 | +190.1% |
| Trade receivables | 40 | €46,328 | €168,606 | +€122,278 | +263.9% |
| Other amounts receivable | 41 | €12,129 | €1,000 | -€11,129 | -91.8% |
| Cash at bank and in hand | 54/58 | €4,058 | €7,861 | +€3,803 | +93.7% |
| Deferred charges and accrued income | 490/1 | €253 | €2,775 | +€2,522 | +995.0% |
| Total equity and liabilities | 10/49 | €489,378 | €713,393 | +€224,015 | +45.8% |
| Equity | 10/15 | -€869,960 | -€851,994 | +€17,965 | +2.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Outside capital | 11 | €500,000 | €500,000 | = | 0.0% |
| Other | 1109/19 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €933 | €933 | = | 0.0% |
| Tax-exempt reserves | 132 | €933 | €933 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,370,892 | -€1,352,927 | +€17,965 | +1.3% |
| Provisions and deferred taxes | 16 | €2,618 | - | -€2,618 | |
| Deferred taxes | 168 | €2,618 | - | -€2,618 | |
| Amounts payable | 17/49 | €1,356,720 | €1,565,387 | +€208,667 | +15.4% |
| Amounts payable after more than one year | 17 | €112,522 | €31,261 | -€81,261 | -72.2% |
| Financial debts | 170/4 | €112,522 | €31,261 | -€81,261 | -72.2% |
| Amounts payable within one year | 42/48 | €1,244,198 | €1,534,126 | +€289,928 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €207,182 | €207,257 | +€76 | 0.0% |
| Financial debts | 43 | €115,000 | €115,000 | = | 0.0% |
| Credit institutions | 430/8 | €115,000 | €115,000 | = | 0.0% |
| Trade debts | 44 | €21,095 | €48,454 | +€27,359 | +129.7% |
| Suppliers | 440/4 | €21,095 | €48,454 | +€27,359 | +129.7% |
| Taxes, remuneration and social security | 45 | €20,007 | €16,501 | -€3,506 | -17.5% |
| Taxes | 450/3 | €20,007 | €16,501 | -€3,506 | -17.5% |
| Other amounts payable | 47/48 | €880,914 | €1,146,914 | +€266,000 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,449 | €88,409 | +€17,960 | +25.5% |
| Other operating charges | 640/8 | €6,549 | €5,967 | -€582 | -8.9% |
| Gross operating margin | 9900 | €267,329 | €118,551 | -€148,778 | -55.7% |
| Operating profit (loss) | 9901 | €190,331 | €24,175 | -€166,156 | -87.3% |
| Financial income | 75/76B | €9,283 | €2,618 | -€6,665 | -71.8% |
| Recurring financial income | 75 | €9,283 | €2,618 | -€6,665 | -71.8% |
| Financial charges | 65/66B | €25,173 | €8,828 | -€16,345 | -64.9% |
| Recurring financial charges | 65 | €25,173 | €8,828 | -€16,345 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €174,441 | €17,965 | -€156,476 | -89.7% |
| Profit (loss) for the period | 9904 | €174,441 | €17,965 | -€156,476 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €174,441 | €17,965 | -€156,476 | -89.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.