FRATELLI: 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.
FRATELLI
Largest movements
- Cash +€143,435
new in 2025: €143,435
mainly Advances received (+€96,600) and Debts after one year (+€46,622)
- Receivables within one year -€21,817
down €21,817 (-14.5%), from €150,682 to €128,865
of which Other amounts receivable: -€17,059
- Deferred charges and accrued income -€20,340
no longer reported in 2025 (was €20,340)
- Current investments -€12,838
down €12,838 (-100%), from €12,838 to €0
- Financial fixed assets -€12,350
down €12,350 (-100%), from €12,350 to €0
- Advances received +€96,600
new in 2025: €96,600
- Accrued charges and deferred income -€68,533
down €68,533 (-100%), from €68,533 to €0
- Debts after one year +€46,622
up €46,622 (+466%), from €10,009 to €56,631
- Tax, wage and social debts +€9,765
up €9,765 (+58.6%), from €16,674 to €26,439
- Profit (loss) carried forward -€8,920
down €8,920 (-10.5%), from €84,712 to €75,791
- Gross operating margin -€32,185
down €32,185 (-71.6%), from €44,930 to €12,744
- Other operating charges +€6,959
up €6,959 (+466%), from €1,492 to €8,451
- Depreciation +€3,679
up €3,679 (+65.7%), from €5,600 to €9,279
- Financial charges +€1,217
up €1,217 (+43.8%), from €2,776 to €3,993
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 | €227,234 | €302,026 | +€74,792 | +32.9% |
| Fixed assets | 21/28 | €43,375 | €29,726 | -€13,649 | -31.5% |
| Tangible fixed assets | 22/27 | €31,025 | €29,726 | -€1,299 | -4.2% |
| Plant, machinery and equipment | 23 | €30,466 | €29,363 | -€1,104 | -3.6% |
| Furniture and vehicles | 24 | €558 | €363 | -€195 | -34.9% |
| Financial fixed assets | 28 | €12,350 | €0 | -€12,350 | -100% |
| Current assets | 29/58 | €183,859 | €272,300 | +€88,441 | +48.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €150,682 | €128,865 | -€21,817 | -14.5% |
| Trade receivables | 40 | €26,043 | €21,286 | -€4,757 | -18.3% |
| Other amounts receivable | 41 | €124,638 | €107,579 | -€17,059 | -13.7% |
| Current investments | 50/53 | €12,838 | €0 | -€12,838 | -100% |
| Cash at bank and in hand | 54/58 | - | €143,435 | +€143,435 | |
| Deferred charges and accrued income | 490/1 | €20,340 | - | -€20,340 | |
| Total equity and liabilities | 10/49 | €227,234 | €302,026 | +€74,792 | +32.9% |
| Equity | 10/15 | €105,172 | €96,251 | -€8,920 | -8.5% |
| 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 | €84,712 | €75,791 | -€8,920 | -10.5% |
| Amounts payable | 17/49 | €122,062 | €205,774 | +€83,712 | +68.6% |
| Amounts payable after more than one year | 17 | €10,009 | €56,631 | +€46,622 | +466% |
| Financial debts | 170/4 | €10,009 | €56,631 | +€46,622 | +466% |
| Amounts payable within one year | 42/48 | €43,521 | €149,144 | +€105,623 | +243% |
| Current portion of amounts payable after more than one year | 42 | €3,220 | €3,378 | +€158 | +4.9% |
| Trade debts | 44 | €17,197 | €17,363 | +€166 | +1.0% |
| Suppliers | 440/4 | €17,197 | €17,363 | +€166 | +1.0% |
| Advances received on contracts in progress | 46 | - | €96,600 | +€96,600 | |
| Taxes, remuneration and social security | 45 | €16,674 | €26,439 | +€9,765 | +58.6% |
| Taxes | 450/3 | €16,674 | €26,439 | +€9,765 | +58.6% |
| Other amounts payable | 47/48 | €6,430 | €5,364 | -€1,066 | -16.6% |
| Accrued charges and deferred income | 492/3 | €68,533 | €0 | -€68,533 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,600 | €9,279 | +€3,679 | +65.7% |
| Other operating charges | 640/8 | €1,492 | €8,451 | +€6,959 | +466% |
| Non-recurring operating charges | 66A | €22 | €0 | -€22 | -100% |
| Gross operating margin | 9900 | €44,930 | €12,744 | -€32,185 | -71.6% |
| Operating profit (loss) | 9901 | €37,815 | -€4,986 | -€42,801 | |
| Financial income | 75/76B | €497 | €59 | -€438 | -88.1% |
| Recurring financial income | 75 | €497 | €59 | -€438 | -88.1% |
| Financial charges | 65/66B | €2,776 | €3,993 | +€1,217 | +43.8% |
| Recurring financial charges | 65 | €2,776 | €3,993 | +€1,217 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €35,535 | -€8,920 | -€44,456 | |
| Profit (loss) for the period | 9904 | €35,535 | -€8,920 | -€44,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,535 | -€8,920 | -€44,456 |
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 30 October 2026 via checked.be.