Fiemma: 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.
Fiemma
Largest movements
- Tangible fixed assets -€28,166
down €28,166 (-4.0%), from €700,084 to €671,917
of which Land and buildings: -€24,522
- Cash +€22,124
up €22,124 (+71.6%), from €30,880 to €53,004
mainly Depreciation (+€28,166) and Net result for the year (+€27,741)
- Reserves +€27,741
up €27,741 (+17.6%), from €158,052 to €185,793
- Debts after one year -€25,928
down €25,928 (-8.1%), from €319,745 to €293,818
- Trade debts -€13,610
down €13,610 (-94.3%), from €14,437 to €827
- Gross operating margin +€20,709
up €20,709 (+36.9%), from €56,136 to €76,845
- Taxes +€7,461
up €7,461 (+211.8%), from €3,523 to €10,983
- Depreciation -€2,520
down €2,520 (-8.2%), from €30,686 to €28,166
- Other operating charges -€1,791
down €1,791 (-61.1%), from €2,934 to €1,143
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 | €738,834 | €729,005 | -€9,829 | -1.3% |
| Fixed assets | 21/28 | €700,084 | €671,917 | -€28,166 | -4.0% |
| Tangible fixed assets | 22/27 | €700,084 | €671,917 | -€28,166 | -4.0% |
| Land and buildings | 22 | €689,561 | €665,038 | -€24,522 | -3.6% |
| Plant, machinery and equipment | 23 | €10,203 | €6,879 | -€3,324 | -32.6% |
| Furniture and vehicles | 24 | €320 | - | -€320 | |
| Current assets | 29/58 | €38,750 | €57,088 | +€18,337 | +47.3% |
| Amounts receivable within one year | 40/41 | €7,251 | €2,477 | -€4,774 | -65.8% |
| Other amounts receivable | 41 | €7,251 | €2,477 | -€4,774 | -65.8% |
| Cash at bank and in hand | 54/58 | €30,880 | €53,004 | +€22,124 | +71.6% |
| Deferred charges and accrued income | 490/1 | €619 | €1,606 | +€987 | +159.5% |
| Total equity and liabilities | 10/49 | €738,834 | €729,005 | -€9,829 | -1.3% |
| Equity | 10/15 | €161,052 | €188,793 | +€27,741 | +17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €158,052 | €185,793 | +€27,741 | +17.6% |
| Distributable reserves | 133 | €158,052 | €185,793 | +€27,741 | +17.6% |
| Amounts payable | 17/49 | €577,782 | €540,212 | -€37,570 | -6.5% |
| Amounts payable after more than one year | 17 | €319,745 | €293,818 | -€25,928 | -8.1% |
| Financial debts | 170/4 | €319,745 | €293,818 | -€25,928 | -8.1% |
| Amounts payable within one year | 42/48 | €97,656 | €91,695 | -€5,960 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €25,552 | €25,928 | +€376 | +1.5% |
| Trade debts | 44 | €14,437 | €827 | -€13,610 | -94.3% |
| Suppliers | 440/4 | €14,437 | €827 | -€13,610 | -94.3% |
| Taxes, remuneration and social security | 45 | €1,167 | €6,089 | +€4,922 | +421.9% |
| Taxes | 450/3 | €1,167 | €6,089 | +€4,922 | +421.9% |
| Other amounts payable | 47/48 | €56,500 | €58,852 | +€2,352 | +4.2% |
| Accrued charges and deferred income | 492/3 | €160,381 | €154,699 | -€5,682 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,686 | €28,166 | -€2,520 | -8.2% |
| Other operating charges | 640/8 | €2,934 | €1,143 | -€1,791 | -61.1% |
| Gross operating margin | 9900 | €56,136 | €76,845 | +€20,709 | +36.9% |
| Operating profit (loss) | 9901 | €22,517 | €47,536 | +€25,019 | +111.1% |
| Financial income | 75/76B | - | €213 | +€213 | |
| Recurring financial income | 75 | - | €213 | +€213 | |
| Financial charges | 65/66B | €9,263 | €9,025 | -€238 | -2.6% |
| Recurring financial charges | 65 | €9,263 | €9,025 | -€238 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €13,254 | €38,724 | +€25,470 | +192.2% |
| Income taxes | 67/77 | €3,523 | €10,983 | +€7,461 | +211.8% |
| Profit (loss) for the period | 9904 | €9,731 | €27,741 | +€18,010 | +185.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,731 | €27,741 | +€18,010 | +185.1% |
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 9 October 2026 via checked.be.