FRANCO SCARDINA: what changed
FRANCO SCARDINA
Largest movements
- Cash -€18,960
down €18,960 (-74.7%), from €25,366 to €6,406
mainly Net result for the year (-€13,319) and Advances received (-€9,759)
- Receivables within one year -€7,522
down €7,522 (-24.1%), from €31,185 to €23,663
of which Trade receivables: -€5,759
- Deferred charges and accrued income +€3,134
up €3,134 (+75.8%), from €4,137 to €7,271
- Profit (loss) carried forward -€13,319
down €13,319 (-93.2%), from €14,293 to €974
- Advances received -€9,759
down €9,759 (-100%), from €9,759 to €0
- Current portion of long-term debt -€6,746
down €6,746 (-100%), from €6,746 to €0
- Tax, wage and social debts +€3,262
up €3,262 (+238%), from €1,369 to €4,631
- Trade debts +€3,183
up €3,183 (+183%), from €1,743 to €4,925
- Gross operating margin -€25,215
down €25,215, from €19,910 to -€5,305
- Depreciation -€11,793
down €11,793 (-99.7%), from €11,825 to €32
- Other operating charges +€3,676
up €3,676 (+141%), from €2,602 to €6,278
- Financial charges +€388
up €388 (+61.9%), from €626 to €1,014
- Taxes -€355
down €355 (-32.1%), from €1,105 to €751
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 | €60,720 | €37,340 | -€23,380 | -38.5% |
| Fixed assets | 21/28 | €32 | €0 | -€32 | -100% |
| Tangible fixed assets | 22/27 | €32 | €0 | -€32 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €32 | €0 | -€32 | -100% |
| Current assets | 29/58 | €60,688 | €37,340 | -€23,348 | -38.5% |
| Amounts receivable within one year | 40/41 | €31,185 | €23,663 | -€7,522 | -24.1% |
| Trade receivables | 40 | €11,934 | €6,175 | -€5,759 | -48.3% |
| Other amounts receivable | 41 | €19,251 | €17,489 | -€1,762 | -9.2% |
| Cash at bank and in hand | 54/58 | €25,366 | €6,406 | -€18,960 | -74.7% |
| Deferred charges and accrued income | 490/1 | €4,137 | €7,271 | +€3,134 | +75.8% |
| Total equity and liabilities | 10/49 | €60,720 | €37,340 | -€23,380 | -38.5% |
| Equity | 10/15 | €41,103 | €27,784 | -€13,319 | -32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,293 | €974 | -€13,319 | -93.2% |
| Amounts payable | 17/49 | €19,617 | €9,556 | -€10,061 | -51.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,617 | €9,556 | -€10,061 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €6,746 | €0 | -€6,746 | -100% |
| Trade debts | 44 | €1,743 | €4,925 | +€3,183 | +183% |
| Suppliers | 440/4 | €1,743 | €4,925 | +€3,183 | +183% |
| Advances received on contracts in progress | 46 | €9,759 | €0 | -€9,759 | -100% |
| Taxes, remuneration and social security | 45 | €1,369 | €4,631 | +€3,262 | +238% |
| Taxes | 450/3 | €1,369 | €4,631 | +€3,262 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,825 | €32 | -€11,793 | -99.7% |
| Other operating charges | 640/8 | €2,602 | €6,278 | +€3,676 | +141% |
| Gross operating margin | 9900 | €19,910 | -€5,305 | -€25,215 | |
| Operating profit (loss) | 9901 | €5,484 | -€11,615 | -€17,098 | |
| Financial income | 75/76B | €8 | €61 | +€52 | +619% |
| Recurring financial income | 75 | €8 | €61 | +€52 | +619% |
| Financial charges | 65/66B | €626 | €1,014 | +€388 | +61.9% |
| Recurring financial charges | 65 | €626 | €1,014 | +€388 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €4,866 | -€12,568 | -€17,434 | |
| Income taxes | 67/77 | €1,105 | €751 | -€355 | -32.1% |
| Profit (loss) for the period | 9904 | €3,760 | -€13,319 | -€17,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,760 | -€13,319 | -€17,079 |
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 4 November 2026 via checked.be.