I 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.
I FRATELLI
Largest movements
- Cash +€156,738
up €156,738 (+230%), from €68,018 to €224,756
mainly Trade debts (+€171,783) and Net result for the year (+€107,653)
- Receivables within one year +€101,837
up €101,837 (+93.2%), from €109,305 to €211,142
of which Trade receivables: +€111,098
- Tangible fixed assets +€87,953
up €87,953 (+17.8%), from €494,249 to €582,201
of which Land and buildings: +€118,378
- Stocks and contracts +€26,097
new in 2024: €26,097
- Trade debts +€171,783
new in 2024: €171,783
- Profit (loss) carried forward +€107,653
up €107,653 (+276%), from €39,064 to €146,717
- Tax, wage and social debts +€65,973
up €65,973 (+451%), from €14,620 to €80,593
of which Taxes: +€35,174
- Debts after one year +€41,036
up €41,036 (+11.4%), from €359,277 to €400,312
- Investment grants -€12,865
down €12,865 (-20.4%), from €63,000 to €50,135
- Turnover -€958,042
no longer reported in 2024 (was €958,042)
- Purchases and services -€706,260
no longer reported in 2024 (was €706,260)
- Gross operating margin +€340,954
up €340,954 (+135%), from €251,782 to €592,736
- Staff costs +€166,647
up €166,647 (+72.1%), from €231,090 to €397,737
- Financial income -€40,293
down €40,293 (-75.1%), from €53,629 to €13,336
of which Non-recurring financial income: -€53,620
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,966 | €1,050,485 | +€377,519 | +56.1% |
| Fixed assets | 21/28 | €494,249 | €582,201 | +€87,953 | +17.8% |
| Tangible fixed assets | 22/27 | €494,249 | €582,201 | +€87,953 | +17.8% |
| Land and buildings | 22 | €392,425 | €510,803 | +€118,378 | +30.2% |
| Plant, machinery and equipment | 23 | €85,026 | €50,748 | -€34,277 | -40.3% |
| Furniture and vehicles | 24 | €16,798 | €20,650 | +€3,852 | +22.9% |
| Current assets | 29/58 | €178,718 | €468,284 | +€289,566 | +162% |
| Stocks and contracts in progress | 3 | - | €26,097 | +€26,097 | |
| Stocks | 30/36 | - | €26,097 | +€26,097 | |
| Amounts receivable within one year | 40/41 | €109,305 | €211,142 | +€101,837 | +93.2% |
| Trade receivables | 40 | €91,776 | €202,874 | +€111,098 | +121% |
| Other amounts receivable | 41 | €17,529 | €8,268 | -€9,261 | -52.8% |
| Cash at bank and in hand | 54/58 | €68,018 | €224,756 | +€156,738 | +230% |
| Deferred charges and accrued income | 490/1 | €1,395 | €6,289 | +€4,895 | +351% |
| Total equity and liabilities | 10/49 | €672,966 | €1,050,485 | +€377,519 | +56.1% |
| Equity | 10/15 | €108,664 | €203,452 | +€94,788 | +87.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | - | -€6,000 | |
| Issued capital | 100 | €6,000 | - | -€6,000 | |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Legal reserve | 130 | €600 | - | -€600 | |
| Reserves not available under the articles | 1311 | - | €600 | +€600 | |
| Profit (loss) carried forward | 14 | €39,064 | €146,717 | +€107,653 | +276% |
| Investment grants | 15 | €63,000 | €50,135 | -€12,865 | -20.4% |
| Amounts payable | 17/49 | €564,302 | €847,033 | +€282,731 | +50.1% |
| Amounts payable after more than one year | 17 | €359,277 | €400,312 | +€41,036 | +11.4% |
| Financial debts | 170/4 | €359,277 | €400,312 | +€41,036 | +11.4% |
| Amounts payable within one year | 42/48 | €205,026 | €444,026 | +€239,000 | +117% |
| Current portion of amounts payable after more than one year | 42 | €41,406 | €44,338 | +€2,932 | +7.1% |
| Trade debts | 44 | - | €171,783 | +€171,783 | |
| Suppliers | 440/4 | - | €171,783 | +€171,783 | |
| Taxes, remuneration and social security | 45 | €14,620 | €80,593 | +€65,973 | +451% |
| Taxes | 450/3 | - | €35,174 | +€35,174 | |
| Remuneration and social security | 454/9 | €14,620 | €45,419 | +€30,798 | +211% |
| Other amounts payable | 47/48 | €149,000 | €147,313 | -€1,687 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €2,695 | +€2,695 | |
| Turnover | 70 | €958,042 | - | -€958,042 | |
| Non-recurring operating income | 76A | - | €104 | +€104 | |
| Goods, raw materials, services and sundry goods | 60/61 | €706,260 | - | -€706,260 | |
| Remuneration, social security and pensions | 62 | €231,090 | €397,737 | +€166,647 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,261 | €44,752 | +€5,491 | +14.0% |
| Other operating charges | 640/8 | €14,165 | €11,234 | -€2,931 | -20.7% |
| Gross operating margin | 9900 | €251,782 | €592,736 | +€340,954 | +135% |
| Operating profit (loss) | 9901 | -€32,734 | €139,014 | +€171,747 | |
| Financial income | 75/76B | €53,629 | €13,336 | -€40,293 | -75.1% |
| Recurring financial income | 75 | €10 | €13,336 | +€13,326 | +139,105% |
| Non-recurring financial income | 76B | €53,620 | €0 | -€53,620 | -100% |
| Financial charges | 65/66B | €10,735 | €16,876 | +€6,140 | +57.2% |
| Recurring financial charges | 65 | €10,735 | €16,876 | +€6,140 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €10,160 | €135,474 | +€125,313 | +1,233% |
| Income taxes | 67/77 | - | €27,820 | +€27,820 | |
| Profit (loss) for the period | 9904 | €10,160 | €107,653 | +€97,493 | +960% |
| Profit (loss) for the period to be appropriated | 9905 | €10,160 | €107,653 | +€97,493 | +960% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.