GIANFOLCARO: 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.
GIANFOLCARO
Largest movements
- Receivables within one year -€9,780
down €9,780 (-39.8%), from €24,583 to €14,804
of which Trade receivables: -€5,131
- Cash +€7,258
up €7,258 (+38.2%), from €18,998 to €26,256
mainly Receivables within one year (+€9,780) and Depreciation (+€1,349)
- Tangible fixed assets -€1,349
down €1,349 (-100%), from €1,349 to €0
of which Furniture and vehicles: -€1,349
- Profit (loss) carried forward -€3,254
down €3,254 (-9.0%), from €36,323 to €33,069
- Trade debts -€689
down €689 (-39.5%), from €1,744 to €1,056
- Gross operating margin -€7,219
down €7,219, from €5,079 to -€2,139
- Financial income -€222
down €222 (-17.6%), from €1,259 to €1,038
- Depreciation -€166
down €166 (-11.0%), from €1,515 to €1,349
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 | €46,128 | €42,185 | -€3,943 | -8.5% |
| Fixed assets | 21/28 | €1,349 | €0 | -€1,349 | -100% |
| Tangible fixed assets | 22/27 | €1,349 | €0 | -€1,349 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,349 | €0 | -€1,349 | -100% |
| Current assets | 29/58 | €44,778 | €42,185 | -€2,594 | -5.8% |
| Amounts receivable within one year | 40/41 | €24,583 | €14,804 | -€9,780 | -39.8% |
| Trade receivables | 40 | €5,451 | €320 | -€5,131 | -94.1% |
| Other amounts receivable | 41 | €19,133 | €14,484 | -€4,649 | -24.3% |
| Cash at bank and in hand | 54/58 | €18,998 | €26,256 | +€7,258 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1,197 | €1,124 | -€72 | -6.0% |
| Total equity and liabilities | 10/49 | €46,128 | €42,185 | -€3,943 | -8.5% |
| Equity | 10/15 | €44,383 | €41,129 | -€3,254 | -7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,323 | €33,069 | -€3,254 | -9.0% |
| Amounts payable | 17/49 | €1,744 | €1,056 | -€689 | -39.5% |
| Amounts payable within one year | 42/48 | €1,744 | €1,056 | -€689 | -39.5% |
| Trade debts | 44 | €1,744 | €1,056 | -€689 | -39.5% |
| Suppliers | 440/4 | €1,744 | €1,056 | -€689 | -39.5% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €1,349 | -€166 | -11.0% |
| Other operating charges | 640/8 | €716 | €732 | +€16 | +2.2% |
| Gross operating margin | 9900 | €5,079 | -€2,139 | -€7,219 | |
| Operating profit (loss) | 9901 | €2,848 | -€4,220 | -€7,068 | |
| Financial income | 75/76B | €1,259 | €1,038 | -€222 | -17.6% |
| Recurring financial income | 75 | €1,259 | €1,038 | -€222 | -17.6% |
| Financial charges | 65/66B | €56 | €72 | +€16 | +28.3% |
| Recurring financial charges | 65 | €56 | €72 | +€16 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €4,051 | -€3,254 | -€7,306 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €4,051 | -€3,254 | -€7,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,051 | -€3,254 | -€7,306 |
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 28 October 2026 via checked.be.