Fabrizi: 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.
Fabrizi
Largest movements
- Cash +€30,690
up €30,690 (+142.4%), from €21,551 to €52,241
mainly Debts after one year (+€84,099) and Depreciation (+€82,128)
- Deferred charges and accrued income +€16,886
up €16,886 (+579.7%), from €2,913 to €19,799
- Debts after one year +€84,099
up €84,099 (+20.2%), from €416,212 to €500,311
of which Financial debts: +€75,699
- Reserves -€62,718
down €62,718 (-14.9%), from €420,779 to €358,061
of which Distributable reserves: -€49,286
- Other debts +€44,304
up €44,304, from €0 to €44,304
- Tax, wage and social debts -€21,949
down €21,949 (-77.9%), from €28,174 to €6,225
- Gross operating margin -€5,313
down €5,313 (-4.3%), from €122,971 to €117,658
- Other operating charges -€4,341
down €4,341 (-15.7%), from €27,651 to €23,310
- Depreciation +€3,397
up €3,397 (+4.3%), from €78,731 to €82,128
- Financial charges -€2,251
down €2,251 (-14.5%), from €15,540 to €13,289
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 | €1,078,582 | €1,111,146 | +€32,563 | +3.0% |
| Fixed assets | 21/28 | €1,046,403 | €1,036,311 | -€10,093 | -1.0% |
| Tangible fixed assets | 22/27 | €1,046,403 | €1,036,311 | -€10,093 | -1.0% |
| Land and buildings | 22 | €999,416 | €1,002,095 | +€2,679 | +0.3% |
| Plant, machinery and equipment | 23 | €1,521 | €1,107 | -€415 | -27.2% |
| Furniture and vehicles | 24 | €45,466 | €33,109 | -€12,357 | -27.2% |
| Current assets | 29/58 | €32,179 | €74,835 | +€42,656 | +132.6% |
| Amounts receivable within one year | 40/41 | €7,715 | €2,796 | -€4,920 | -63.8% |
| Trade receivables | 40 | - | €2,796 | +€2,796 | |
| Other amounts receivable | 41 | €7,715 | €0 | -€7,715 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,551 | €52,241 | +€30,690 | +142.4% |
| Deferred charges and accrued income | 490/1 | €2,913 | €19,799 | +€16,886 | +579.7% |
| Total equity and liabilities | 10/49 | €1,078,582 | €1,111,146 | +€32,563 | +3.0% |
| Equity | 10/15 | €520,779 | €458,061 | -€62,718 | -12.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €420,779 | €358,061 | -€62,718 | -14.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €148,246 | €134,814 | -€13,432 | -9.1% |
| Distributable reserves | 133 | €262,532 | €213,247 | -€49,286 | -18.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €49,417 | €44,940 | -€4,478 | -9.1% |
| Deferred taxes | 168 | €49,417 | €44,940 | -€4,478 | -9.1% |
| Amounts payable | 17/49 | €508,387 | €608,145 | +€99,759 | +19.6% |
| Amounts payable after more than one year | 17 | €416,212 | €500,311 | +€84,099 | +20.2% |
| Financial debts | 170/4 | €416,212 | €491,911 | +€75,699 | +18.2% |
| Other amounts payable | 178/9 | - | €8,400 | +€8,400 | |
| Amounts payable within one year | 42/48 | €91,585 | €105,035 | +€13,450 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €54,171 | €47,755 | -€6,416 | -11.8% |
| Trade debts | 44 | €9,240 | €6,750 | -€2,490 | -27.0% |
| Suppliers | 440/4 | €9,240 | €6,750 | -€2,490 | -27.0% |
| Taxes, remuneration and social security | 45 | €28,174 | €6,225 | -€21,949 | -77.9% |
| Taxes | 450/3 | €28,174 | €6,225 | -€21,949 | -77.9% |
| Other amounts payable | 47/48 | €0 | €44,304 | +€44,304 | |
| Accrued charges and deferred income | 492/3 | €590 | €2,800 | +€2,210 | +374.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,731 | €82,128 | +€3,397 | +4.3% |
| Other operating charges | 640/8 | €27,651 | €23,310 | -€4,341 | -15.7% |
| Gross operating margin | 9900 | €122,971 | €117,658 | -€5,313 | -4.3% |
| Operating profit (loss) | 9901 | €16,588 | €12,219 | -€4,368 | -26.3% |
| Financial income | 75/76B | €60 | €96 | +€36 | +58.8% |
| Recurring financial income | 75 | €60 | €96 | +€36 | +58.8% |
| Financial charges | 65/66B | €15,540 | €13,289 | -€2,251 | -14.5% |
| Recurring financial charges | 65 | €15,540 | €13,289 | -€2,251 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,108 | -€974 | -€2,082 | |
| Transfer from deferred taxes | 780 | €4,478 | €4,478 | = | 0.0% |
| Income taxes | 67/77 | €7,061 | €6,225 | -€836 | -11.8% |
| Profit (loss) for the period | 9904 | -€1,476 | -€2,722 | -€1,246 | -84.4% |
| Transfer from tax-exempt reserves | 789 | €13,432 | €13,432 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,956 | €10,711 | -€1,246 | -10.4% |
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.