New Firenze: 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.
New Firenze
Largest movements
- Cash +€45,441
up €45,441 (+31.6%), from €143,734 to €189,175
mainly Net result for the year (+€83,830) and Depreciation (+€47,713)
- Intangible fixed assets -€20,000
down €20,000 (-28.5%), from €70,137 to €50,137
- Current investments +€14,000
new in 2025: €14,000
- Tangible fixed assets +€6,393
up €6,393 (+4.7%), from €136,985 to €143,378
of which Furniture and vehicles: +€19,709
- Reserves +€82,164
up €82,164 (+79.2%), from €103,697 to €185,862
- Debts after one year -€34,571
down €34,571 (-25.9%), from €133,349 to €98,778
- Gross operating margin -€261,703
down €261,703 (-34.0%), from €770,675 to €508,972
- Staff costs -€221,486
down €221,486 (-38.7%), from €572,931 to €351,445
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 | €390,188 | €436,397 | +€46,209 | +11.8% |
| Fixed assets | 21/28 | €207,122 | €193,515 | -€13,607 | -6.6% |
| Intangible fixed assets | 21 | €70,137 | €50,137 | -€20,000 | -28.5% |
| Tangible fixed assets | 22/27 | €136,985 | €143,378 | +€6,393 | +4.7% |
| Plant, machinery and equipment | 23 | €7,960 | €5,816 | -€2,143 | -26.9% |
| Furniture and vehicles | 24 | €1,423 | €21,132 | +€19,709 | +1,385% |
| Other tangible fixed assets | 26 | €127,603 | €116,430 | -€11,173 | -8.8% |
| Current assets | 29/58 | €183,066 | €242,882 | +€59,816 | +32.7% |
| Stocks and contracts in progress | 3 | €17,211 | €14,070 | -€3,141 | -18.2% |
| Stocks | 30/36 | €17,211 | €14,070 | -€3,141 | -18.2% |
| Amounts receivable within one year | 40/41 | €22,121 | €25,399 | +€3,278 | +14.8% |
| Trade receivables | 40 | €19,487 | €7,873 | -€11,613 | -59.6% |
| Other amounts receivable | 41 | €2,634 | €17,525 | +€14,891 | +565% |
| Current investments | 50/53 | - | €14,000 | +€14,000 | |
| Cash at bank and in hand | 54/58 | €143,734 | €189,175 | +€45,441 | +31.6% |
| Deferred charges and accrued income | 490/1 | - | €238 | +€238 | |
| Total equity and liabilities | 10/49 | €390,188 | €436,397 | +€46,209 | +11.8% |
| Equity | 10/15 | €153,697 | €235,862 | +€82,164 | +53.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €103,697 | €185,862 | +€82,164 | +79.2% |
| Distributable reserves | 133 | €103,697 | €185,862 | +€82,164 | +79.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €236,491 | €200,535 | -€35,956 | -15.2% |
| Amounts payable after more than one year | 17 | €133,349 | €98,778 | -€34,571 | -25.9% |
| Financial debts | 170/4 | €133,349 | €98,778 | -€34,571 | -25.9% |
| Amounts payable within one year | 42/48 | €103,142 | €101,758 | -€1,384 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €15,578 | €16,360 | +€782 | +5.0% |
| Trade debts | 44 | €23,445 | €20,769 | -€2,676 | -11.4% |
| Suppliers | 440/4 | €23,445 | €20,769 | -€2,676 | -11.4% |
| Taxes, remuneration and social security | 45 | €62,453 | €62,962 | +€509 | +0.8% |
| Taxes | 450/3 | €15,817 | €24,067 | +€8,249 | +52.2% |
| Remuneration and social security | 454/9 | €46,635 | €38,896 | -€7,740 | -16.6% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €572,931 | €351,445 | -€221,486 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,048 | €47,713 | -€7,335 | -13.3% |
| Other operating charges | 640/8 | €2,060 | €660 | -€1,400 | -68.0% |
| Gross operating margin | 9900 | €770,675 | €508,972 | -€261,703 | -34.0% |
| Operating profit (loss) | 9901 | €140,636 | €109,155 | -€31,481 | -22.4% |
| Financial income | 75/76B | €1,021 | €1,230 | +€208 | +20.4% |
| Recurring financial income | 75 | €1,021 | €1,230 | +€208 | +20.4% |
| Financial charges | 65/66B | €6,879 | €2,778 | -€4,101 | -59.6% |
| Recurring financial charges | 65 | €6,879 | €2,778 | -€4,101 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €134,779 | €107,607 | -€27,172 | -20.2% |
| Income taxes | 67/77 | €29,415 | €23,777 | -€5,639 | -19.2% |
| Profit (loss) for the period | 9904 | €105,363 | €83,830 | -€21,533 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,363 | €83,830 | -€21,533 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.