FIORANO S: 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.
FIORANO S
Largest movements
- Receivables after one year -€1.4m
down €1.4m (-87.8%), from €1.6m to €200,000
- Receivables within one year -€75,279
down €75,279 (-78.7%), from €95,664 to €20,384
of which Other amounts receivable: -€75,279
- Other debts -€1.5m
down €1.5m (-100.0%), from €1.5m to €764
- Financial income -€56,976
down €56,976 (-74.3%), from €76,697 to €19,721
- Provisions -€40,000
no longer reported in 2025 (was €40,000)
- Taxes -€13,075
down €13,075 (-52.7%), from €24,830 to €11,755
- Gross operating margin +€5,670
up €5,670 (+73.3%), from -€7,732 to -€2,061
- Other operating charges -€187
down €187 (-15.3%), from €1,226 to €1,038
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 | €1,736,521 | €223,257 | -€1.5m | -87.1% |
| Current assets | 29/58 | €1,736,521 | €223,257 | -€1.5m | -87.1% |
| Amounts receivable after more than one year | 29 | €1,640,000 | €200,000 | -€1.4m | -87.8% |
| Other amounts receivable | 291 | €1,640,000 | €200,000 | -€1.4m | -87.8% |
| Amounts receivable within one year | 40/41 | €95,664 | €20,384 | -€75,279 | -78.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €95,664 | €20,384 | -€75,279 | -78.7% |
| Cash at bank and in hand | 54/58 | €857 | €2,873 | +€2,016 | +235% |
| Total equity and liabilities | 10/49 | €1,736,521 | €223,257 | -€1.5m | -87.1% |
| Equity | 10/15 | €164,462 | €168,893 | +€4,431 | +2.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €82,000 | €82,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €82,000 | €82,000 | = | 0.0% |
| Legal reserve | 130 | €82,000 | €82,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,462 | €6,893 | +€4,431 | +180% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,532,058 | €14,364 | -€1.5m | -99.1% |
| Amounts payable within one year | 42/48 | €1,532,022 | €14,364 | -€1.5m | -99.1% |
| Trade debts | 44 | €2,222 | €1,845 | -€377 | -17.0% |
| Suppliers | 440/4 | €2,222 | €1,845 | -€377 | -17.0% |
| Taxes, remuneration and social security | 45 | - | €11,755 | +€11,755 | |
| Taxes | 450/3 | - | €11,755 | +€11,755 | |
| Other amounts payable | 47/48 | €1,529,800 | €764 | -€1.5m | -100.0% |
| Accrued charges and deferred income | 492/3 | €36 | €0 | -€36 | -99.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,000 | - | -€40,000 | |
| Other operating charges | 640/8 | €1,226 | €1,038 | -€187 | -15.3% |
| Gross operating margin | 9900 | -€7,732 | -€2,061 | +€5,670 | +73.3% |
| Operating profit (loss) | 9901 | -€48,957 | -€3,100 | +€45,857 | +93.7% |
| Financial income | 75/76B | €76,697 | €19,721 | -€56,976 | -74.3% |
| Recurring financial income | 75 | €76,697 | €19,721 | -€56,976 | -74.3% |
| Financial charges | 65/66B | €447 | €435 | -€12 | -2.7% |
| Recurring financial charges | 65 | €447 | €435 | -€12 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €27,292 | €16,186 | -€11,106 | -40.7% |
| Income taxes | 67/77 | €24,830 | €11,755 | -€13,075 | -52.7% |
| Profit (loss) for the period | 9904 | €2,462 | €4,431 | +€1,969 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,462 | €4,431 | +€1,969 | +80.0% |
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 14 October 2026 via checked.be.