AREZZO: what changed
Two fiscal 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.
AREZZO
Largest movements
- Receivables within one year +€30,813
new in 2025: €30,813
- Cash +€16,980
up €16,980 (+3.0%), from €571,261 to €588,241
mainly Net result for the year (+€63,867) and Tax, wage and social debts (+€36,854)
- Stocks and contracts +€14,318
up €14,318 (+12.7%), from €112,460 to €126,778
- Tangible fixed assets +€9,133
up €9,133 (+14.8%), from €61,518 to €70,651
of which Furniture and vehicles: +€7,238
- Reserves +€60,001
up €60,001 (+18.1%), from €330,632 to €390,633
of which Distributable reserves: +€60,001
- Tax, wage and social debts +€36,854
up €36,854 (+283.5%), from €13,000 to €49,854
of which Remuneration and social security: +€23,854
- Contributions -€24,800
down €24,800 (-7.9%), from €312,400 to €287,600
- Gross operating margin +€84,194
up €84,194 (+174.5%), from €48,238 to €132,432
- Taxes +€29,431
up €29,431 (+242.3%), from €12,145 to €41,576
- Financial income +€10,812
new in 2025: €10,812
- Other operating charges +€7,491
up €7,491 (+396.1%), from €1,891 to €9,382
- Staff costs +€3,935
up €3,935 (+22.0%), from €17,890 to €21,825
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.
Cash bridge derived
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 | €745,239 | €816,483 | +€71,244 | +9.6% |
| Fixed assets | 21/28 | €61,518 | €70,651 | +€9,133 | +14.8% |
| Tangible fixed assets | 22/27 | €61,518 | €70,651 | +€9,133 | +14.8% |
| Land and buildings | 22 | €51,016 | €49,876 | -€1,140 | -2.2% |
| Plant, machinery and equipment | 23 | €8,403 | €11,438 | +€3,035 | +36.1% |
| Furniture and vehicles | 24 | €2,099 | €9,337 | +€7,238 | +344.8% |
| Current assets | 29/58 | €683,721 | €745,832 | +€62,111 | +9.1% |
| Stocks and contracts in progress | 3 | €112,460 | €126,778 | +€14,318 | +12.7% |
| Stocks | 30/36 | €112,460 | €126,778 | +€14,318 | +12.7% |
| Amounts receivable within one year | 40/41 | - | €30,813 | +€30,813 | |
| Other amounts receivable | 41 | - | €30,813 | +€30,813 | |
| Cash at bank and in hand | 54/58 | €571,261 | €588,241 | +€16,980 | +3.0% |
| Total equity and liabilities | 10/49 | €745,239 | €816,483 | +€71,244 | +9.6% |
| Equity | 10/15 | €726,607 | €765,677 | +€39,070 | +5.4% |
| Contributions | 10/11 | €312,400 | €287,600 | -€24,800 | -7.9% |
| Reserves | 13 | €330,632 | €390,633 | +€60,001 | +18.1% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €299,882 | €359,883 | +€60,001 | +20.0% |
| Profit (loss) carried forward | 14 | €83,575 | €87,445 | +€3,870 | +4.6% |
| Amounts payable | 17/49 | €18,632 | €50,806 | +€32,174 | +172.7% |
| Amounts payable within one year | 42/48 | €18,632 | €50,806 | +€32,174 | +172.7% |
| Trade debts | 44 | €1,768 | €952 | -€816 | -46.2% |
| Suppliers | 440/4 | €1,768 | €952 | -€816 | -46.2% |
| Taxes, remuneration and social security | 45 | €13,000 | €49,854 | +€36,854 | +283.5% |
| Taxes | 450/3 | €13,000 | €26,000 | +€13,000 | +100.0% |
| Remuneration and social security | 454/9 | - | €23,854 | +€23,854 | |
| Other amounts payable | 47/48 | €3,864 | - | -€3,864 | |
| Remuneration, social security and pensions | 62 | €17,890 | €21,825 | +€3,935 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,744 | €5,224 | +€480 | +10.1% |
| Other operating charges | 640/8 | €1,891 | €9,382 | +€7,491 | +396.1% |
| Gross operating margin | 9900 | €48,238 | €132,432 | +€84,194 | +174.5% |
| Operating profit (loss) | 9901 | €23,713 | €96,002 | +€72,289 | +304.8% |
| Financial income | 75/76B | - | €10,812 | +€10,812 | |
| Recurring financial income | 75 | - | €10,812 | +€10,812 | |
| Financial charges | 65/66B | - | €1,371 | +€1,371 | |
| Recurring financial charges | 65 | - | €1,371 | +€1,371 | |
| Profit (loss) for the period before taxes | 9903 | €23,713 | €105,444 | +€81,731 | +344.7% |
| Income taxes | 67/77 | €12,145 | €41,576 | +€29,431 | +242.3% |
| Profit (loss) for the period | 9904 | €11,568 | €63,867 | +€52,299 | +452.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,568 | €63,867 | +€52,299 | +452.1% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.