CRISTOFARO: 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.
CRISTOFARO
Largest movements
- Tangible fixed assets -€87,662
down €87,662 (-12.8%), from €684,116 to €596,454
- Receivables within one year +€8,262
up €8,262 (+408%), from €2,026 to €10,288
of which Trade receivables: +€8,262
- Trade debts -€41,434
down €41,434 (-86.1%), from €48,103 to €6,669
- Debts after one year -€34,212
down €34,212 (-8.7%), from €393,391 to €359,179
- Tax, wage and social debts -€20,399
down €20,399 (-32.7%), from €62,396 to €41,996
of which Taxes: -€15,365
- Profit (loss) carried forward +€17,477
up €17,477 (+44.1%), from €39,625 to €57,102
- Staff costs -€31,968
down €31,968 (-19.0%), from €168,166 to €136,197
- Depreciation +€29,230
up €29,230 (+53.3%), from €54,854 to €84,084
- Taxes -€10,940
down €10,940 (-100%), from €10,940 to €0
- Financial charges +€6,463
up €6,463 (+48.5%), from €13,337 to €19,800
- Other operating charges +€3,156
up €3,156 (+44.5%), from €7,098 to €10,255
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 | €738,700 | €660,974 | -€77,726 | -10.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €684,116 | €596,454 | -€87,662 | -12.8% |
| Tangible fixed assets | 22/27 | €684,116 | €596,454 | -€87,662 | -12.8% |
| Land and buildings | 22 | €488,256 | €450,417 | -€37,839 | -7.7% |
| Plant, machinery and equipment | 23 | €174,603 | €140,218 | -€34,385 | -19.7% |
| Furniture and vehicles | 24 | €21,257 | €5,819 | -€15,438 | -72.6% |
| Current assets | 29/58 | €54,584 | €64,520 | +€9,936 | +18.2% |
| Amounts receivable within one year | 40/41 | €2,026 | €10,288 | +€8,262 | +408% |
| Trade receivables | 40 | €2,016 | €10,278 | +€8,262 | +410% |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,558 | €52,876 | +€318 | +0.6% |
| Deferred charges and accrued income | 490/1 | - | €1,357 | +€1,357 | |
| Total equity and liabilities | 10/49 | €738,700 | €660,974 | -€77,726 | -10.5% |
| Equity | 10/15 | €155,798 | €179,470 | +€23,672 | +15.2% |
| Contributions | 10/11 | €12,405 | €18,600 | +€6,195 | +49.9% |
| Capital | 10 | €12,405 | - | -€12,405 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,195 | - | -€6,195 | |
| Reserves | 13 | €103,768 | €103,768 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €101,909 | €101,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,625 | €57,102 | +€17,477 | +44.1% |
| Amounts payable | 17/49 | €582,902 | €481,504 | -€101,398 | -17.4% |
| Amounts payable after more than one year | 17 | €393,391 | €359,179 | -€34,212 | -8.7% |
| Financial debts | 170/4 | €393,391 | €359,179 | -€34,212 | -8.7% |
| Amounts payable within one year | 42/48 | €189,511 | €122,325 | -€67,186 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €35,606 | €34,212 | -€1,394 | -3.9% |
| Trade debts | 44 | €48,103 | €6,669 | -€41,434 | -86.1% |
| Suppliers | 440/4 | €48,103 | €6,669 | -€41,434 | -86.1% |
| Advances received on contracts in progress | 46 | €18,891 | €18,891 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €62,396 | €41,996 | -€20,399 | -32.7% |
| Taxes | 450/3 | €25,985 | €10,619 | -€15,365 | -59.1% |
| Remuneration and social security | 454/9 | €36,411 | €31,377 | -€5,034 | -13.8% |
| Other amounts payable | 47/48 | €24,515 | €20,557 | -€3,958 | -16.1% |
| Remuneration, social security and pensions | 62 | €168,166 | €136,197 | -€31,968 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,854 | €84,084 | +€29,230 | +53.3% |
| Other operating charges | 640/8 | €7,098 | €10,255 | +€3,156 | +44.5% |
| Gross operating margin | 9900 | €267,339 | €267,813 | +€475 | +0.2% |
| Operating profit (loss) | 9901 | €37,220 | €37,277 | +€57 | +0.2% |
| Financial income | 75/76B | €517 | €0 | -€517 | -100.0% |
| Recurring financial income | 75 | €517 | €0 | -€517 | -100.0% |
| Financial charges | 65/66B | €13,337 | €19,800 | +€6,463 | +48.5% |
| Recurring financial charges | 65 | €13,337 | €19,800 | +€6,463 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €24,400 | €17,477 | -€6,923 | -28.4% |
| Income taxes | 67/77 | €10,940 | €0 | -€10,940 | -100% |
| Profit (loss) for the period | 9904 | €13,461 | €17,477 | +€4,016 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,461 | €17,477 | +€4,016 | +29.8% |
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 16 October 2026 via checked.be.