ARNALDO ABRUZZINI: 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.
ARNALDO ABRUZZINI
Largest movements
- Receivables within one year -€31,026
no longer reported in 2025 (was €31,026)
of which Trade receivables: -€25,218
- Cash +€30,947
up €30,947 (+24.3%), from €127,474 to €158,421
mainly Net result for the year (+€75,496) and Receivables within one year (+€31,026)
- Reserves -€8,009
down €8,009 (-2.4%), from €336,197 to €328,187
- Tax, wage and social debts +€3,853
up €3,853 (+46.5%), from €8,286 to €12,139
- Gross operating margin +€29,828
up €29,828 (+36.8%), from €80,971 to €110,799
- Taxes +€27,125
up €27,125 (+370%), from €7,328 to €34,453
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 | €358,654 | €358,582 | -€72 | 0.0% |
| Current assets | 29/58 | €358,654 | €358,582 | -€72 | 0.0% |
| Amounts receivable within one year | 40/41 | €31,026 | - | -€31,026 | |
| Trade receivables | 40 | €25,218 | - | -€25,218 | |
| Other amounts receivable | 41 | €5,808 | - | -€5,808 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,474 | €158,421 | +€30,947 | +24.3% |
| Deferred charges and accrued income | 490/1 | €153 | €161 | +€8 | +5.0% |
| Total equity and liabilities | 10/49 | €358,654 | €358,582 | -€72 | 0.0% |
| Equity | 10/15 | €350,368 | €343,385 | -€6,982 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €336,197 | €328,187 | -€8,009 | -2.4% |
| Distributable reserves | 133 | €336,197 | €328,187 | -€8,009 | -2.4% |
| Profit (loss) carried forward | 14 | €1,771 | €2,798 | +€1,027 | +58.0% |
| Amounts payable | 17/49 | €8,286 | €15,197 | +€6,911 | +83.4% |
| Amounts payable within one year | 42/48 | €8,286 | €15,197 | +€6,911 | +83.4% |
| Trade debts | 44 | - | €597 | +€597 | |
| Suppliers | 440/4 | - | €597 | +€597 | |
| Taxes, remuneration and social security | 45 | €8,286 | €12,139 | +€3,853 | +46.5% |
| Taxes | 450/3 | €8,286 | €12,139 | +€3,853 | +46.5% |
| Other amounts payable | 47/48 | - | €2,460 | +€2,460 | |
| Other operating charges | 640/8 | €285 | €603 | +€317 | +111% |
| Gross operating margin | 9900 | €80,971 | €110,799 | +€29,828 | +36.8% |
| Operating profit (loss) | 9901 | €80,685 | €110,196 | +€29,511 | +36.6% |
| Financial income | 75/76B | €710 | €3 | -€707 | -99.6% |
| Recurring financial income | 75 | €710 | €3 | -€707 | -99.6% |
| Financial charges | 65/66B | €296 | €250 | -€45 | -15.4% |
| Recurring financial charges | 65 | €296 | €250 | -€45 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €81,099 | €109,949 | +€28,849 | +35.6% |
| Income taxes | 67/77 | €7,328 | €34,453 | +€27,125 | +370% |
| Profit (loss) for the period | 9904 | €73,771 | €75,496 | +€1,725 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,771 | €75,496 | +€1,725 | +2.3% |
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 27 October 2026 via checked.be.