FIAMMETTI: 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.
FIAMMETTI
Largest movements
- Receivables within one year +€28,900
new in 2023: €28,900
- Tangible fixed assets -€9,102
down €9,102 (-30.6%), from €29,737 to €20,636
- Cash +€3,103
new in 2023: €3,103
mainly Tax, wage and social debts (+€25,294) and Net result for the year (+€17,560)
- Tax, wage and social debts +€25,294
up €25,294 (+295.1%), from €8,572 to €33,866
- Short-term financial debts -€19,939
no longer reported in 2023 (was €19,939)
- Profit (loss) carried forward +€17,560
up €17,560 (+16.8%), from -€104,460 to -€86,900
- Trade debts -€800
down €800 (-1.5%), from €54,501 to €53,701
- Other debts +€787
up €787 (+4.9%), from €16,145 to €16,932
- Gross operating margin +€108,801
up €108,801, from -€79,921 to €28,880
- Depreciation -€5,367
down €5,367 (-37.1%), from €14,469 to €9,102
- Staff costs -€4,367
no longer reported in 2023 (was €4,367)
- Financial charges -€3,397
down €3,397 (-60.5%), from €5,615 to €2,218
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 | €29,737 | €52,639 | +€22,902 | +77.0% |
| Fixed assets | 21/28 | €29,737 | €20,636 | -€9,102 | -30.6% |
| Tangible fixed assets | 22/27 | €29,737 | €20,636 | -€9,102 | -30.6% |
| Furniture and vehicles | 24 | €29,737 | €20,636 | -€9,102 | -30.6% |
| Current assets | 29/58 | - | €32,003 | +€32,003 | |
| Amounts receivable within one year | 40/41 | - | €28,900 | +€28,900 | |
| Trade receivables | 40 | - | €28,900 | +€28,900 | |
| Cash at bank and in hand | 54/58 | - | €3,103 | +€3,103 | |
| Total equity and liabilities | 10/49 | €29,737 | €52,639 | +€22,902 | +77.0% |
| Equity | 10/15 | -€102,460 | -€84,900 | +€17,560 | +17.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,460 | -€86,900 | +€17,560 | +16.8% |
| Amounts payable | 17/49 | €132,198 | €137,539 | +€5,342 | +4.0% |
| Amounts payable after more than one year | 17 | €23,626 | €23,626 | = | 0.0% |
| Financial debts | 170/4 | €23,626 | €23,626 | = | 0.0% |
| Amounts payable within one year | 42/48 | €108,572 | €113,914 | +€5,342 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €9,415 | €9,415 | = | 0.0% |
| Financial debts | 43 | €19,939 | - | -€19,939 | |
| Credit institutions | 430/8 | €19,939 | - | -€19,939 | |
| Trade debts | 44 | €54,501 | €53,701 | -€800 | -1.5% |
| Suppliers | 440/4 | €54,501 | €53,701 | -€800 | -1.5% |
| Taxes, remuneration and social security | 45 | €8,572 | €33,866 | +€25,294 | +295.1% |
| Taxes | 450/3 | €8,572 | €33,866 | +€25,294 | +295.1% |
| Other amounts payable | 47/48 | €16,145 | €16,932 | +€787 | +4.9% |
| Remuneration, social security and pensions | 62 | €4,367 | - | -€4,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,469 | €9,102 | -€5,367 | -37.1% |
| Non-recurring operating charges | 66A | €101 | - | -€101 | |
| Gross operating margin | 9900 | -€79,921 | €28,880 | +€108,801 | |
| Operating profit (loss) | 9901 | -€98,858 | €19,778 | +€118,636 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €5,615 | €2,218 | -€3,397 | -60.5% |
| Recurring financial charges | 65 | €5,615 | €2,218 | -€3,397 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€104,460 | €17,560 | +€122,020 | |
| Profit (loss) for the period | 9904 | -€104,460 | €17,560 | +€122,020 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,460 | €17,560 | +€122,020 |
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 8 October 2026 via checked.be.