BOCELLI: 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.
BOCELLI
Largest movements
- Cash +€88,517
up €88,517 (+57.2%), from €154,684 to €243,200
mainly Net result for the year (+€202,870) and Receivables within one year (+€62,899)
- Receivables within one year -€62,899
down €62,899 (-97.8%), from €64,311 to €1,412
of which Other amounts receivable: -€64,311
- Tangible fixed assets -€25,162
down €25,162 (-28.8%), from €87,244 to €62,082
of which Plant, machinery and equipment: -€21,557
- Reserves -€45,640
down €45,640 (-10.8%), from €423,291 to €377,651
- Tax, wage and social debts +€30,301
up €30,301 (+128.1%), from €23,655 to €53,955
of which Taxes: +€24,835
- Trade debts +€16,670
up €16,670 (+111.6%), from €14,934 to €31,604
- Gross operating margin +€104,955
up €104,955 (+31.4%), from €333,892 to €438,847
- Staff costs +€32,232
up €32,232 (+33.1%), from €97,316 to €129,548
- Taxes +€25,652
up €25,652 (+45.5%), from €56,429 to €82,081
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 | €484,080 | €487,643 | +€3,564 | +0.7% |
| Fixed assets | 21/28 | €87,244 | €62,082 | -€25,162 | -28.8% |
| Tangible fixed assets | 22/27 | €87,244 | €62,082 | -€25,162 | -28.8% |
| Plant, machinery and equipment | 23 | €72,765 | €51,208 | -€21,557 | -29.6% |
| Furniture and vehicles | 24 | €14,479 | €10,874 | -€3,605 | -24.9% |
| Current assets | 29/58 | €396,836 | €425,561 | +€28,725 | +7.2% |
| Amounts receivable within one year | 40/41 | €64,311 | €1,412 | -€62,899 | -97.8% |
| Trade receivables | 40 | - | €1,412 | +€1,412 | |
| Other amounts receivable | 41 | €64,311 | - | -€64,311 | |
| Current investments | 50/53 | €174,455 | €177,608 | +€3,153 | +1.8% |
| Cash at bank and in hand | 54/58 | €154,684 | €243,200 | +€88,517 | +57.2% |
| Deferred charges and accrued income | 490/1 | €3,386 | €3,341 | -€45 | -1.3% |
| Total equity and liabilities | 10/49 | €484,080 | €487,643 | +€3,564 | +0.7% |
| Equity | 10/15 | €441,891 | €396,251 | -€45,640 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,291 | €377,651 | -€45,640 | -10.8% |
| Distributable reserves | 133 | €423,291 | €377,651 | -€45,640 | -10.8% |
| Amounts payable | 17/49 | €42,189 | €91,393 | +€49,204 | +116.6% |
| Amounts payable within one year | 42/48 | €42,189 | €91,393 | +€49,204 | +116.6% |
| Trade debts | 44 | €14,934 | €31,604 | +€16,670 | +111.6% |
| Suppliers | 440/4 | €14,934 | €31,604 | +€16,670 | +111.6% |
| Taxes, remuneration and social security | 45 | €23,655 | €53,955 | +€30,301 | +128.1% |
| Taxes | 450/3 | €5,792 | €30,627 | +€24,835 | +428.8% |
| Remuneration and social security | 454/9 | €17,863 | €23,328 | +€5,465 | +30.6% |
| Other amounts payable | 47/48 | €3,600 | €5,833 | +€2,233 | +62.0% |
| Remuneration, social security and pensions | 62 | €97,316 | €129,548 | +€32,232 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,255 | €27,210 | +€2,955 | +12.2% |
| Other operating charges | 640/8 | €306 | - | -€306 | |
| Non-recurring operating charges | 66A | €948 | - | -€948 | |
| Gross operating margin | 9900 | €333,892 | €438,847 | +€104,955 | +31.4% |
| Operating profit (loss) | 9901 | €211,066 | €282,089 | +€71,023 | +33.6% |
| Financial income | 75/76B | €5,641 | €4,593 | -€1,048 | -18.6% |
| Recurring financial income | 75 | €5,641 | €4,593 | -€1,048 | -18.6% |
| Financial charges | 65/66B | €1,278 | €1,731 | +€453 | +35.5% |
| Recurring financial charges | 65 | €1,278 | €1,731 | +€453 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €215,429 | €284,951 | +€69,521 | +32.3% |
| Income taxes | 67/77 | €56,429 | €82,081 | +€25,652 | +45.5% |
| Profit (loss) for the period | 9904 | €159,000 | €202,870 | +€43,870 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,000 | €202,870 | +€43,870 | +27.6% |
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 12 October 2026 via checked.be.