SAFLO: 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.
SAFLO
Largest movements
- Current assets +€9,422
up €9,422 (+36.5%), from €25,828 to €35,251
of which Receivables within one year: +€8,220
- Tangible fixed assets +€3,778
up €3,778 (+328%), from €1,153 to €4,931
of which Furniture and vehicles: +€4,654
- Debts +€6,388
up €6,388 (+75.8%), from €8,424 to €14,812
of which Debts within one year: +€6,239
- Profit (loss) carried forward +€5,668
up €5,668 (+48.5%), from €11,691 to €17,360
- Reserves +€1,144
up €1,144 (+160%), from €716 to €1,860
- Turnover -€69,953
no longer reported in 2021 (was €69,953)
- Gross operating margin +€3,527
up €3,527 (+36.3%), from €9,703 to €13,230
- Financial income +€2,686
new in 2021: €2,686
- Depreciation +€2,309
up €2,309 (+127%), from €1,813 to €4,122
- Financial charges +€1,407
new in 2021: €1,407
From the 2020 result to the 2021 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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,031 | €40,232 | +€13,201 | +48.8% |
| Fixed assets | 21/28 | €1,203 | €4,981 | +€3,778 | +314% |
| Tangible fixed assets | 22/27 | €1,153 | €4,931 | +€3,778 | +328% |
| Plant, machinery and equipment | 23 | - | €277 | +€277 | |
| Furniture and vehicles | 24 | - | €4,654 | +€4,654 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €25,828 | €35,251 | +€9,422 | +36.5% |
| Amounts receivable within one year | 40/41 | €24,402 | €32,622 | +€8,220 | +33.7% |
| Trade receivables | 40 | - | €645 | +€645 | |
| Other amounts receivable | 41 | - | €31,977 | +€31,977 | |
| Cash at bank and in hand | 54/58 | €1,381 | €2,601 | +€1,220 | +88.4% |
| Deferred charges and accrued income | 490/1 | - | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €27,031 | €40,232 | +€13,201 | +48.8% |
| Equity | 10/15 | €18,607 | €25,420 | +€6,813 | +36.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €716 | €1,860 | +€1,144 | +160% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €11,691 | €17,360 | +€5,668 | +48.5% |
| Amounts payable | 17/49 | €8,424 | €14,812 | +€6,388 | +75.8% |
| Amounts payable within one year | 42/48 | €8,243 | €14,483 | +€6,239 | +75.7% |
| Trade debts | 44 | €4,301 | €6,969 | +€2,668 | +62.0% |
| Suppliers | 440/4 | - | €6,969 | +€6,969 | |
| Taxes, remuneration and social security | 45 | - | €7,514 | +€7,514 | |
| Taxes | 450/3 | - | €7,514 | +€7,514 | |
| Accrued charges and deferred income | 492/3 | - | €329 | +€329 | |
| Turnover | 70 | €69,953 | - | -€69,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,813 | €4,122 | +€2,309 | +127% |
| Other operating charges | 640/8 | - | €888 | +€888 | |
| Gross operating margin | 9900 | €9,703 | €13,230 | +€3,527 | +36.3% |
| Operating profit (loss) | 9901 | €7,246 | €8,220 | +€974 | +13.4% |
| Financial income | 75/76B | - | €2,686 | +€2,686 | |
| Recurring financial income | 75 | €1,532 | €2,686 | +€1,153 | +75.3% |
| Financial charges | 65/66B | - | €1,407 | +€1,407 | |
| Recurring financial charges | 65 | €819 | €1,407 | +€588 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €7,959 | €9,500 | +€1,540 | +19.4% |
| Income taxes | 67/77 | €2,036 | €2,687 | +€651 | +32.0% |
| Profit (loss) for the period | 9904 | €5,923 | €6,813 | +€890 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,923 | €6,813 | +€890 | +15.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2020 and 30 June 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.