FIORENTINO: 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.
FIORENTINO
Largest movements
- Receivables within one year -€101,698
down €101,698 (-90.3%), from €112,622 to €10,924
of which Trade receivables: -€102,746
- Stocks and contracts -€32,453
down €32,453 (-10.0%), from €323,003 to €290,551
- Tangible fixed assets -€4,801
down €4,801 (-23.6%), from €20,366 to €15,565
- Trade debts -€155,444
down €155,444 (-63.2%), from €246,099 to €90,655
- Profit (loss) carried forward -€22,286
down €22,286, from €20,852 to -€1,433
- Tax, wage and social debts +€11,587
up €11,587 (+32.0%), from €36,248 to €47,835
of which Taxes: +€5,836
- Other debts +€9,463
up €9,463 (+7.8%), from €120,953 to €130,416
- Advances received +€8,000
new in 2024: €8,000
- Staff costs -€29,234
down €29,234 (-30.0%), from €97,561 to €68,327
- Taxes +€6,672
up €6,672, from -€6,670 to €2
- Other operating charges -€3,152
down €3,152 (-73.7%), from €4,277 to €1,125
- Financial charges -€2,905
down €2,905 (-40.6%), from €7,153 to €4,248
- Depreciation -€2,882
down €2,882 (-33.7%), from €8,563 to €5,681
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,674 | €325,923 | -€145,750 | -30.9% |
| Fixed assets | 21/28 | €25,679 | €20,878 | -€4,801 | -18.7% |
| Tangible fixed assets | 22/27 | €20,366 | €15,565 | -€4,801 | -23.6% |
| Plant, machinery and equipment | 23 | €5,766 | €4,822 | -€945 | -16.4% |
| Furniture and vehicles | 24 | €6,119 | €3,810 | -€2,309 | -37.7% |
| Other tangible fixed assets | 26 | €8,480 | €6,933 | -€1,547 | -18.2% |
| Financial fixed assets | 28 | €5,313 | €5,313 | = | 0.0% |
| Current assets | 29/58 | €445,994 | €305,045 | -€140,949 | -31.6% |
| Stocks and contracts in progress | 3 | €323,003 | €290,551 | -€32,453 | -10.0% |
| Stocks | 30/36 | €323,003 | €290,551 | -€32,453 | -10.0% |
| Amounts receivable within one year | 40/41 | €112,622 | €10,924 | -€101,698 | -90.3% |
| Trade receivables | 40 | €111,913 | €9,166 | -€102,746 | -91.8% |
| Other amounts receivable | 41 | €709 | €1,757 | +€1,048 | +148% |
| Cash at bank and in hand | 54/58 | €6,499 | €2,147 | -€4,352 | -67.0% |
| Deferred charges and accrued income | 490/1 | €3,870 | €1,424 | -€2,446 | -63.2% |
| Total equity and liabilities | 10/49 | €471,674 | €325,923 | -€145,750 | -30.9% |
| Equity | 10/15 | €49,368 | €27,082 | -€22,286 | -45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,852 | -€1,433 | -€22,286 | |
| Amounts payable | 17/49 | €422,305 | €298,841 | -€123,465 | -29.2% |
| Amounts payable within one year | 42/48 | €416,014 | €288,150 | -€127,864 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €321 | - | -€321 | |
| Financial debts | 43 | €12,394 | €11,245 | -€1,149 | -9.3% |
| Credit institutions | 430/8 | €12,394 | €11,245 | -€1,149 | -9.3% |
| Trade debts | 44 | €246,099 | €90,655 | -€155,444 | -63.2% |
| Suppliers | 440/4 | €246,099 | €90,655 | -€155,444 | -63.2% |
| Advances received on contracts in progress | 46 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €36,248 | €47,835 | +€11,587 | +32.0% |
| Taxes | 450/3 | €9,473 | €15,309 | +€5,836 | +61.6% |
| Remuneration and social security | 454/9 | €26,775 | €32,526 | +€5,751 | +21.5% |
| Other amounts payable | 47/48 | €120,953 | €130,416 | +€9,463 | +7.8% |
| Accrued charges and deferred income | 492/3 | €6,291 | €10,690 | +€4,399 | +69.9% |
| Remuneration, social security and pensions | 62 | €97,561 | €68,327 | -€29,234 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,563 | €5,681 | -€2,882 | -33.7% |
| Other operating charges | 640/8 | €4,277 | €1,125 | -€3,152 | -73.7% |
| Gross operating margin | 9900 | €58,908 | €56,929 | -€1,980 | -3.4% |
| Operating profit (loss) | 9901 | -€51,492 | -€18,204 | +€33,288 | +64.6% |
| Financial income | 75/76B | €395 | €168 | -€227 | -57.4% |
| Recurring financial income | 75 | €395 | €168 | -€227 | -57.4% |
| Financial charges | 65/66B | €7,153 | €4,248 | -€2,905 | -40.6% |
| Recurring financial charges | 65 | €7,153 | €4,248 | -€2,905 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€58,250 | -€22,284 | +€35,966 | +61.7% |
| Income taxes | 67/77 | -€6,670 | €2 | +€6,672 | |
| Profit (loss) for the period | 9904 | -€51,580 | -€22,286 | +€29,294 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,580 | -€22,286 | +€29,294 | +56.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.