Cycli Imola: 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.
Cycli Imola
Largest movements
- Tangible fixed assets +€42,676
up €42,676 (+102%), from €41,808 to €84,483
of which Furniture and vehicles: +€45,014
- Stocks and contracts -€9,395
down €9,395 (-2.3%), from €415,577 to €406,182
- Cash -€6,907
down €6,907 (-9.8%), from €70,666 to €63,759
mainly Investment in fixed assets (net) (-€69,967) and Contributions, distributions and other (-€23,000)
- Debts after one year +€28,712
new in 2025: €28,712
- Trade debts -€13,012
down €13,012 (-43.1%), from €30,193 to €17,181
- Current portion of long-term debt +€8,639
new in 2025: €8,639
- Gross operating margin -€52,046
down €52,046 (-25.5%), from €204,162 to €152,116
- Taxes -€18,428
down €18,428 (-75.1%), from €24,541 to €6,113
- Depreciation +€13,025
up €13,025 (+91.3%), from €14,266 to €27,291
- Staff costs +€4,285
up €4,285 (+4.7%), from €91,690 to €95,975
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 | €592,907 | €619,477 | +€26,570 | +4.5% |
| Fixed assets | 21/28 | €41,808 | €84,483 | +€42,676 | +102% |
| Tangible fixed assets | 22/27 | €41,808 | €84,483 | +€42,676 | +102% |
| Plant, machinery and equipment | 23 | €4,384 | €5,015 | +€631 | +14.4% |
| Furniture and vehicles | 24 | €23,699 | €68,712 | +€45,014 | +190% |
| Other tangible fixed assets | 26 | €13,725 | €10,756 | -€2,969 | -21.6% |
| Current assets | 29/58 | €551,100 | €534,994 | -€16,106 | -2.9% |
| Stocks and contracts in progress | 3 | €415,577 | €406,182 | -€9,395 | -2.3% |
| Stocks | 30/36 | €415,577 | €406,182 | -€9,395 | -2.3% |
| Amounts receivable within one year | 40/41 | €63,860 | €65,053 | +€1,193 | +1.9% |
| Trade receivables | 40 | €41,749 | €56,087 | +€14,339 | +34.3% |
| Other amounts receivable | 41 | €22,112 | €8,965 | -€13,146 | -59.5% |
| Cash at bank and in hand | 54/58 | €70,666 | €63,759 | -€6,907 | -9.8% |
| Deferred charges and accrued income | 490/1 | €996 | - | -€996 | |
| Total equity and liabilities | 10/49 | €592,907 | €619,477 | +€26,570 | +4.5% |
| Equity | 10/15 | €542,308 | €542,146 | -€161 | 0.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €352,000 | €352,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,308 | €20,146 | -€161 | -0.8% |
| Amounts payable | 17/49 | €50,600 | €77,331 | +€26,731 | +52.8% |
| Amounts payable after more than one year | 17 | - | €28,712 | +€28,712 | |
| Financial debts | 170/4 | - | €28,712 | +€28,712 | |
| Amounts payable within one year | 42/48 | €50,600 | €48,619 | -€1,981 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,639 | +€8,639 | |
| Trade debts | 44 | €30,193 | €17,181 | -€13,012 | -43.1% |
| Suppliers | 440/4 | €30,193 | €17,181 | -€13,012 | -43.1% |
| Taxes, remuneration and social security | 45 | €20,407 | €22,799 | +€2,392 | +11.7% |
| Taxes | 450/3 | €10,801 | €12,630 | +€1,829 | +16.9% |
| Remuneration and social security | 454/9 | €9,606 | €10,169 | +€564 | +5.9% |
| Remuneration, social security and pensions | 62 | €91,690 | €95,975 | +€4,285 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,266 | €27,291 | +€13,025 | +91.3% |
| Other operating charges | 640/8 | €1,067 | €1,057 | -€9 | -0.9% |
| Gross operating margin | 9900 | €204,162 | €152,116 | -€52,046 | -25.5% |
| Operating profit (loss) | 9901 | €97,140 | €27,793 | -€69,347 | -71.4% |
| Financial income | 75/76B | €3,891 | €2,774 | -€1,117 | -28.7% |
| Recurring financial income | 75 | €3,891 | €2,774 | -€1,117 | -28.7% |
| Financial charges | 65/66B | €651 | €1,615 | +€964 | +148% |
| Recurring financial charges | 65 | €651 | €1,615 | +€964 | +148% |
| Profit (loss) for the period before taxes | 9903 | €100,380 | €28,951 | -€71,429 | -71.2% |
| Income taxes | 67/77 | €24,541 | €6,113 | -€18,428 | -75.1% |
| Profit (loss) for the period | 9904 | €75,839 | €22,839 | -€53,001 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,839 | €22,839 | -€53,001 | -69.9% |
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 21 October 2026 via checked.be.