FRANCESCO CANNELLA: what changed
FRANCESCO CANNELLA
Largest movements
- Stocks and contracts -€3,080
down €3,080 (-21.0%), from €14,666 to €11,586
- Cash -€1,107
down €1,107 (-40.1%), from €2,764 to €1,657
mainly Net result for the year (-€6,993) and Receivables within one year (-€332)
- Receivables within one year +€332
up €332 (+33.9%), from €977 to €1,309
of which Trade receivables: +€218
- Profit (loss) carried forward -€6,993
down €6,993, from €291 to -€6,703
- Other debts +€1,323
new in 2025: €1,323
- Tax, wage and social debts +€944
up €944 (+104%), from €906 to €1,850
of which Remuneration and social security: +€1,850
- Trade debts +€597
up €597 (+371%), from €161 to €758
- Turnover -€20,588
down €20,588 (-10.5%), from €196,025 to €175,437
- Gross operating margin -€10,575
down €10,575, from €7,199 to -€3,376
- Purchases and services -€9,047
down €9,047 (-4.7%), from €192,266 to €183,218
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,638 | €17,588 | -€4,050 | -18.7% |
| Fixed assets | 21/28 | €3,037 | €3,037 | = | 0.0% |
| Financial fixed assets | 28 | €3,037 | €3,037 | = | 0.0% |
| Current assets | 29/58 | €18,601 | €14,551 | -€4,050 | -21.8% |
| Stocks and contracts in progress | 3 | €14,666 | €11,586 | -€3,080 | -21.0% |
| Stocks | 30/36 | €14,666 | €11,586 | -€3,080 | -21.0% |
| Amounts receivable within one year | 40/41 | €977 | €1,309 | +€332 | +33.9% |
| Trade receivables | 40 | - | €218 | +€218 | |
| Other amounts receivable | 41 | €977 | €1,091 | +€114 | +11.7% |
| Cash at bank and in hand | 54/58 | €2,764 | €1,657 | -€1,107 | -40.1% |
| Deferred charges and accrued income | 490/1 | €195 | - | -€195 | |
| Total equity and liabilities | 10/49 | €21,638 | €17,588 | -€4,050 | -18.7% |
| Equity | 10/15 | €20,571 | €13,657 | -€6,914 | -33.6% |
| Contributions | 10/11 | €18,592 | €18,672 | +€80 | +0.4% |
| Reserves | 13 | €1,688 | €1,688 | = | 0.0% |
| Distributable reserves | 133 | €1,688 | €1,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291 | -€6,703 | -€6,993 | |
| Amounts payable | 17/49 | €1,067 | €3,931 | +€2,864 | +268% |
| Amounts payable within one year | 42/48 | €1,067 | €3,931 | +€2,864 | +268% |
| Trade debts | 44 | €161 | €758 | +€597 | +371% |
| Suppliers | 440/4 | €161 | €758 | +€597 | +371% |
| Taxes, remuneration and social security | 45 | €906 | €1,850 | +€944 | +104% |
| Taxes | 450/3 | €906 | - | -€906 | |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | - | €1,323 | +€1,323 | |
| Turnover | 70 | €196,025 | €175,437 | -€20,588 | -10.5% |
| Non-recurring operating income | 76A | - | €895 | +€895 | |
| Goods, raw materials, services and sundry goods | 60/61 | €192,266 | €183,218 | -€9,047 | -4.7% |
| Other operating charges | 640/8 | €3,363 | €3,520 | +€157 | +4.7% |
| Gross operating margin | 9900 | €7,199 | -€3,376 | -€10,575 | |
| Operating profit (loss) | 9901 | €3,836 | -€6,896 | -€10,732 | |
| Financial charges | 65/66B | €105 | €97 | -€8 | -7.8% |
| Recurring financial charges | 65 | €105 | €97 | -€8 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €3,731 | -€6,993 | -€10,724 | |
| Income taxes | 67/77 | €132 | - | -€132 | |
| Profit (loss) for the period | 9904 | €3,599 | -€6,993 | -€10,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,599 | -€6,993 | -€10,593 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.