FRATELLI.DI: 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.DI
Largest movements
- Tangible fixed assets -€10,453
down €10,453 (-32.6%), from €32,066 to €21,613
of which Other tangible fixed assets: -€9,198
- Receivables within one year -€6,456
down €6,456 (-6.2%), from €104,437 to €97,982
of which Trade receivables: -€3,350
- Tax, wage and social debts -€12,141
down €12,141 (-24.7%), from €49,109 to €36,968
of which Remuneration and social security: -€6,071
- Current portion of long-term debt -€2,462
down €2,462 (-100%), from €2,462 to €0
- Trade debts -€2,268
down €2,268 (-56.3%), from €4,033 to €1,764
- Turnover -€83,248
down €83,248 (-12.7%), from €653,165 to €569,918
- Purchases and services -€49,533
down €49,533 (-10.1%), from €490,632 to €441,099
- Gross operating margin -€32,352
down €32,352 (-16.8%), from €192,410 to €160,059
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 | €209,977 | €192,469 | -€17,508 | -8.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €32,066 | €21,613 | -€10,453 | -32.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,066 | €21,613 | -€10,453 | -32.6% |
| Plant, machinery and equipment | 23 | €346 | €0 | -€346 | -100% |
| Furniture and vehicles | 24 | €3,961 | €3,051 | -€910 | -23.0% |
| Other tangible fixed assets | 26 | €27,759 | €18,562 | -€9,198 | -33.1% |
| Current assets | 29/58 | €177,912 | €170,856 | -€7,055 | -4.0% |
| Amounts receivable after more than one year | 29 | - | €162 | +€162 | |
| Other amounts receivable | 291 | - | €162 | +€162 | |
| Stocks and contracts in progress | 3 | €17,297 | €16,629 | -€667 | -3.9% |
| Stocks | 30/36 | €17,297 | €16,629 | -€667 | -3.9% |
| Amounts receivable within one year | 40/41 | €104,437 | €97,982 | -€6,456 | -6.2% |
| Trade receivables | 40 | €3,350 | - | -€3,350 | |
| Other amounts receivable | 41 | €101,087 | €97,982 | -€3,106 | -3.1% |
| Cash at bank and in hand | 54/58 | €56,177 | €56,084 | -€94 | -0.2% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €209,977 | €192,469 | -€17,508 | -8.3% |
| Equity | 10/15 | €111,112 | €111,126 | +€14 | 0.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,112 | €91,126 | +€14 | 0.0% |
| Amounts payable | 17/49 | €98,865 | €81,343 | -€17,523 | -17.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €98,865 | €81,343 | -€17,523 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €2,462 | €0 | -€2,462 | -100% |
| Trade debts | 44 | €4,033 | €1,764 | -€2,268 | -56.3% |
| Suppliers | 440/4 | €4,033 | €1,764 | -€2,268 | -56.3% |
| Taxes, remuneration and social security | 45 | €49,109 | €36,968 | -€12,141 | -24.7% |
| Taxes | 450/3 | €26,516 | €20,446 | -€6,070 | -22.9% |
| Remuneration and social security | 454/9 | €22,593 | €16,522 | -€6,071 | -26.9% |
| Other amounts payable | 47/48 | €43,262 | €42,610 | -€652 | -1.5% |
| Turnover | 70 | €653,165 | €569,918 | -€83,248 | -12.7% |
| Non-recurring operating income | 76A | - | €231 | +€231 | |
| Goods, raw materials, services and sundry goods | 60/61 | €490,632 | €441,099 | -€49,533 | -10.1% |
| Remuneration, social security and pensions | 62 | €135,579 | €132,570 | -€3,010 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,481 | €10,453 | -€1,028 | -9.0% |
| Other operating charges | 640/8 | €3,460 | €3,182 | -€278 | -8.0% |
| Gross operating margin | 9900 | €192,410 | €160,059 | -€32,352 | -16.8% |
| Operating profit (loss) | 9901 | €41,889 | €13,854 | -€28,035 | -66.9% |
| Financial income | 75/76B | €13 | €71 | +€58 | +450% |
| Recurring financial income | 75 | €13 | €71 | +€58 | +450% |
| Financial charges | 65/66B | €7,355 | €2,143 | -€5,213 | -70.9% |
| Recurring financial charges | 65 | €7,355 | €2,143 | -€5,213 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €34,547 | €11,782 | -€22,765 | -65.9% |
| Income taxes | 67/77 | €9,033 | €3,568 | -€5,464 | -60.5% |
| Profit (loss) for the period | 9904 | €25,514 | €8,214 | -€17,300 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,514 | €8,214 | -€17,300 | -67.8% |
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 15 October 2026 via checked.be.