CAMAIANI MASSIMO: 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.
CAMAIANI MASSIMO
Largest movements
- Cash +€105,668
up €105,668 (+41.7%), from €253,255 to €358,923
mainly Other debts (+€326,573) and Net result for the year (+€60,448)
- Deferred charges and accrued income -€11,946
down €11,946 (-23.8%), from €50,285 to €38,339
- Receivables within one year +€8,067
up €8,067 (+59.7%), from €13,518 to €21,585
- Other debts +€326,573
up €326,573 (+1,173%), from €27,842 to €354,415
- Profit (loss) carried forward -€278,172
no longer reported in 2025 (was €278,172)
- Tax, wage and social debts +€51,288
up €51,288 (+10,612%), from €483 to €51,772
- Gross operating margin -€34,716
down €34,716 (-21.3%), from €163,028 to €128,313
- Financial charges +€18,539
up €18,539 (+53.3%), from €34,783 to €53,322
- Taxes -€11,960
down €11,960 (-43.0%), from €27,841 to €15,881
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 | €320,185 | €419,821 | +€99,636 | +31.1% |
| Fixed assets | 21/28 | €3,127 | €974 | -€2,153 | -68.9% |
| Tangible fixed assets | 22/27 | €3,127 | €974 | -€2,153 | -68.9% |
| Furniture and vehicles | 24 | €3,127 | €974 | -€2,153 | -68.9% |
| Current assets | 29/58 | €317,057 | €418,847 | +€101,789 | +32.1% |
| Amounts receivable within one year | 40/41 | €13,518 | €21,585 | +€8,067 | +59.7% |
| Other amounts receivable | 41 | €13,518 | €21,585 | +€8,067 | +59.7% |
| Cash at bank and in hand | 54/58 | €253,255 | €358,923 | +€105,668 | +41.7% |
| Deferred charges and accrued income | 490/1 | €50,285 | €38,339 | -€11,946 | -23.8% |
| Total equity and liabilities | 10/49 | €320,185 | €419,821 | +€99,636 | +31.1% |
| Equity | 10/15 | €283,172 | €5,000 | -€278,172 | -98.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,172 | - | -€278,172 | |
| Amounts payable | 17/49 | €37,013 | €414,821 | +€377,808 | +1,021% |
| Amounts payable within one year | 42/48 | €37,013 | €414,821 | +€377,808 | +1,021% |
| Trade debts | 44 | €8,688 | €8,634 | -€53 | -0.6% |
| Suppliers | 440/4 | €8,688 | €8,634 | -€53 | -0.6% |
| Taxes, remuneration and social security | 45 | €483 | €51,772 | +€51,288 | +10,612% |
| Taxes | 450/3 | €483 | €51,772 | +€51,288 | +10,612% |
| Other amounts payable | 47/48 | €27,842 | €354,415 | +€326,573 | +1,173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €215 | -€1,285 | -85.7% |
| Gross operating margin | 9900 | €163,028 | €128,313 | -€34,716 | -21.3% |
| Operating profit (loss) | 9901 | €161,528 | €128,098 | -€33,431 | -20.7% |
| Financial income | 75/76B | €1,195 | €1,553 | +€358 | +29.9% |
| Recurring financial income | 75 | €1,195 | €1,553 | +€358 | +29.9% |
| Financial charges | 65/66B | €34,783 | €53,322 | +€18,539 | +53.3% |
| Recurring financial charges | 65 | €34,783 | €53,322 | +€18,539 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €127,940 | €76,329 | -€51,611 | -40.3% |
| Income taxes | 67/77 | €27,841 | €15,881 | -€11,960 | -43.0% |
| Profit (loss) for the period | 9904 | €100,100 | €60,448 | -€39,652 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,100 | €60,448 | -€39,652 | -39.6% |
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 19 October 2026 via checked.be.