FARINOTTI: 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.
FARINOTTI
Largest movements
- Receivables after one year -€98,109
down €98,109 (-47.8%), from €205,193 to €107,084
- Cash -€15,905
down €15,905 (-76.9%), from €20,670 to €4,765
mainly Other debts (-€93,028) and Debts after one year (-€50,317)
- Other debts -€93,028
no longer reported in 2025 (was €93,028)
- Debts after one year -€50,317
down €50,317 (-11.4%), from €440,511 to €390,194
- Reserves +€23,143
up €23,143 (+9.3%), from €248,707 to €271,850
- Tax, wage and social debts +€19,553
up €19,553 (+114.0%), from €17,158 to €36,711
of which Taxes: +€16,942
- Gross operating margin +€12,459
up €12,459 (+24.9%), from €50,111 to €62,570
- Taxes +€7,706
up €7,706 (+67.4%), from €11,434 to €19,140
- Financial charges +€5,298
up €5,298 (+37.2%), from €14,227 to €19,525
of which Financial charges: +€5,368
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 | €1,455,751 | €1,352,249 | -€103,501 | -7.1% |
| Fixed assets | 21/28 | €1,105,369 | €1,102,892 | -€2,477 | -0.2% |
| Tangible fixed assets | 22/27 | €5,369 | €2,892 | -€2,477 | -46.1% |
| Plant, machinery and equipment | 23 | €4,574 | €2,353 | -€2,221 | -48.6% |
| Furniture and vehicles | 24 | €795 | €539 | -€255 | -32.1% |
| Financial fixed assets | 28 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €350,382 | €249,357 | -€101,025 | -28.8% |
| Amounts receivable after more than one year | 29 | €205,193 | €107,084 | -€98,109 | -47.8% |
| Other amounts receivable | 291 | €205,193 | €107,084 | -€98,109 | -47.8% |
| Amounts receivable within one year | 40/41 | €19,898 | €32,770 | +€12,872 | +64.7% |
| Trade receivables | 40 | €2,771 | €18,657 | +€15,886 | +573.3% |
| Other amounts receivable | 41 | €17,126 | €14,112 | -€3,014 | -17.6% |
| Current investments | 50/53 | €101,633 | €101,633 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,670 | €4,765 | -€15,905 | -76.9% |
| Deferred charges and accrued income | 490/1 | €2,988 | €3,105 | +€117 | +3.9% |
| Total equity and liabilities | 10/49 | €1,455,751 | €1,352,249 | -€103,501 | -7.1% |
| Equity | 10/15 | €827,312 | €850,455 | +€23,143 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,707 | €271,850 | +€23,143 | +9.3% |
| Distributable reserves | 133 | €248,707 | €271,850 | +€23,143 | +9.3% |
| Profit (loss) carried forward | 14 | €572,405 | €572,405 | = | 0.0% |
| Amounts payable | 17/49 | €628,438 | €501,794 | -€126,644 | -20.2% |
| Amounts payable after more than one year | 17 | €440,511 | €390,194 | -€50,317 | -11.4% |
| Financial debts | 170/4 | €440,511 | €390,194 | -€50,317 | -11.4% |
| Amounts payable within one year | 42/48 | €183,504 | €106,381 | -€77,123 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €54,354 | €55,317 | +€963 | +1.8% |
| Trade debts | 44 | €18,963 | €14,352 | -€4,611 | -24.3% |
| Suppliers | 440/4 | €18,963 | €14,352 | -€4,611 | -24.3% |
| Taxes, remuneration and social security | 45 | €17,158 | €36,711 | +€19,553 | +114.0% |
| Taxes | 450/3 | €17,158 | €34,100 | +€16,942 | +98.7% |
| Remuneration and social security | 454/9 | - | €2,611 | +€2,611 | |
| Other amounts payable | 47/48 | €93,028 | - | -€93,028 | |
| Accrued charges and deferred income | 492/3 | €4,424 | €5,219 | +€795 | +18.0% |
| Non-recurring operating income | 76A | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,244 | €2,477 | +€233 | +10.4% |
| Other operating charges | 640/8 | €161 | €724 | +€563 | +350.9% |
| Gross operating margin | 9900 | €50,111 | €62,570 | +€12,459 | +24.9% |
| Operating profit (loss) | 9901 | €47,707 | €59,369 | +€11,662 | +24.4% |
| Financial income | 75/76B | €2,035 | €2,439 | +€404 | +19.8% |
| Recurring financial income | 75 | €2,035 | €2,439 | +€404 | +19.8% |
| Financial charges | 65/66B | €14,227 | €19,525 | +€5,298 | +37.2% |
| Recurring financial charges | 65 | €14,157 | €19,525 | +€5,368 | +37.9% |
| Non-recurring financial charges | 66B | €70 | - | -€70 | |
| Profit (loss) for the period before taxes | 9903 | €35,515 | €42,283 | +€6,768 | +19.1% |
| Income taxes | 67/77 | €11,434 | €19,140 | +€7,706 | +67.4% |
| Profit (loss) for the period | 9904 | €24,081 | €23,143 | -€938 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,081 | €23,143 | -€938 | -3.9% |
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 12 October 2026 via checked.be.