FIRENZE: 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.
FIRENZE
Largest movements
- Current investments +€332,642
up €332,642 (+4.8%), from €6.9m to €7.3m
- Cash -€221,811
down €221,811 (-48.7%), from €455,168 to €233,357
mainly Current investments (-€332,642)
- Equity +€110,831
up €110,831 (+1.4%), from €7.7m to €7.8m
- Financial income +€316,887
new in 2021: €316,887
- Financial charges +€68,419
new in 2021: €68,419
- Gross operating margin -€55,469
down €55,469 (-100.8%), from -€55,002 to -€110,470
- Taxes +€4,582
up €4,582 (+21.1%), from €21,703 to €26,285
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,680,142 | €7,790,973 | +€110,831 | +1.4% |
| Fixed assets | 21/28 | €307,500 | €307,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €307,500 | €307,500 | = | 0.0% |
| Land and buildings | 22 | - | €307,500 | +€307,500 | |
| Current assets | 29/58 | €7,372,642 | €7,483,473 | +€110,831 | +1.5% |
| Current investments | 50/53 | €6,917,473 | €7,250,116 | +€332,642 | +4.8% |
| Cash at bank and in hand | 54/58 | €455,168 | €233,357 | -€221,811 | -48.7% |
| Total equity and liabilities | 10/49 | €7,680,142 | €7,790,973 | +€110,831 | +1.4% |
| Equity | 10/15 | €7,680,142 | €7,790,973 | +€110,831 | +1.4% |
| Profit (loss) carried forward | 14 | €3,296,226 | €3,537,367 | +€241,141 | +7.3% |
| Other operating charges | 640/8 | - | €881 | +€881 | |
| Gross operating margin | 9900 | -€55,002 | -€110,470 | -€55,469 | -100.8% |
| Operating profit (loss) | 9901 | -€55,876 | -€111,351 | -€55,475 | -99.3% |
| Financial income | 75/76B | - | €316,887 | +€316,887 | |
| Recurring financial income | 75 | €752,329 | €316,887 | -€435,442 | -57.9% |
| Financial charges | 65/66B | - | €68,419 | +€68,419 | |
| Recurring financial charges | 65 | €436,470 | €68,419 | -€368,051 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €259,982 | €137,116 | -€122,866 | -47.3% |
| Income taxes | 67/77 | €21,703 | €26,285 | +€4,582 | +21.1% |
| Profit (loss) for the period | 9904 | €238,279 | €110,831 | -€127,448 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €238,279 | €110,831 | -€127,448 | -53.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.