FIRENZE: 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.
FIRENZE
Largest movements
- Stocks and contracts -€1,703
down €1,703 (-30.9%), from €5,514 to €3,811
- Receivables within one year -€1,230
no longer reported in 2025 (was €1,230)
of which Other amounts receivable: -€1,161
- Cash +€877
up €877 (+11.0%), from €8,006 to €8,884
mainly Net result for the year (+€12,518) and Stocks and contracts (+€1,703)
- Deferred charges and accrued income -€280
down €280 (-25.0%), from €1,120 to €840
- Profit (loss) carried forward +€12,518
up €12,518 (+55.1%), from -€22,713 to -€10,195
- Other debts -€12,088
down €12,088 (-86.3%), from €14,009 to €1,921
- Trade debts -€4,054
no longer reported in 2025 (was €4,054)
- Tax, wage and social debts +€1,166
new in 2025: €1,166
- Gross operating margin -€7,240
down €7,240 (-34.9%), from €20,728 to €13,488
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
- Financial charges +€212
up €212 (+33.3%), from €638 to €850
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 | €15,869 | €13,534 | -€2,335 | -14.7% |
| Current assets | 29/58 | €15,869 | €13,534 | -€2,335 | -14.7% |
| Stocks and contracts in progress | 3 | €5,514 | €3,811 | -€1,703 | -30.9% |
| Stocks | 30/36 | €5,514 | €3,811 | -€1,703 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,230 | - | -€1,230 | |
| Trade receivables | 40 | €69 | - | -€69 | |
| Other amounts receivable | 41 | €1,161 | - | -€1,161 | |
| Cash at bank and in hand | 54/58 | €8,006 | €8,884 | +€877 | +11.0% |
| Deferred charges and accrued income | 490/1 | €1,120 | €840 | -€280 | -25.0% |
| Total equity and liabilities | 10/49 | €15,869 | €13,534 | -€2,335 | -14.7% |
| Equity | 10/15 | -€2,253 | €10,265 | +€12,518 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,713 | -€10,195 | +€12,518 | +55.1% |
| Amounts payable | 17/49 | €18,123 | €3,269 | -€14,854 | -82.0% |
| Amounts payable within one year | 42/48 | €18,063 | €3,087 | -€14,976 | -82.9% |
| Trade debts | 44 | €4,054 | - | -€4,054 | |
| Suppliers | 440/4 | €4,054 | - | -€4,054 | |
| Taxes, remuneration and social security | 45 | - | €1,166 | +€1,166 | |
| Taxes | 450/3 | - | €1,166 | +€1,166 | |
| Other amounts payable | 47/48 | €14,009 | €1,921 | -€12,088 | -86.3% |
| Accrued charges and deferred income | 492/3 | €60 | €182 | +€122 | +205% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | €20,728 | €13,488 | -€7,240 | -34.9% |
| Operating profit (loss) | 9901 | €20,222 | €13,368 | -€6,855 | -33.9% |
| Financial charges | 65/66B | €638 | €850 | +€212 | +33.3% |
| Recurring financial charges | 65 | €638 | €850 | +€212 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €19,585 | €12,518 | -€7,067 | -36.1% |
| Profit (loss) for the period | 9904 | €19,585 | €12,518 | -€7,067 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,585 | €12,518 | -€7,067 | -36.1% |
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 23 October 2026 via checked.be.