Donnarumma & Co: 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.
Donnarumma & Co
Largest movements
- Tangible fixed assets -€8,997
down €8,997 (-27.6%), from €32,652 to €23,655
of which Other tangible fixed assets: -€6,648
- Cash +€8,472
up €8,472 (+53.6%), from €15,808 to €24,279
mainly Net result for the year (+€36,506) and Depreciation (+€9,858)
- Stocks and contracts -€5,052
down €5,052 (-52.8%), from €9,575 to €4,523
- Receivables within one year -€1,687
down €1,687 (-76.2%), from €2,212 to €525
- Formation expenses -€860
no longer reported in 2025 (was €860)
- Other debts -€43,535
down €43,535 (-71.2%), from €61,112 to €17,577
- Profit (loss) carried forward +€36,506
up €36,506, from -€36,350 to €156
- Tax, wage and social debts +€8,027
up €8,027 (+89.6%), from €8,958 to €16,985
of which Remuneration and social security: +€4,194
- Trade debts -€6,550
down €6,550 (-37.5%), from €17,457 to €10,907
- Short-term financial debts -€1,871
no longer reported in 2025 (was €1,871)
- Gross operating margin +€86,766
up €86,766 (+172%), from €50,529 to €137,295
- Staff costs +€80,314
up €80,314 (+1,498%), from €5,360 to €85,674
- Financial charges -€10,165
down €10,165 (-74.5%), from €13,639 to €3,474
- Depreciation -€6,999
down €6,999 (-41.5%), from €16,856 to €9,858
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 | €61,108 | €53,685 | -€7,423 | -12.1% |
| Formation expenses | 20 | €860 | - | -€860 | |
| Fixed assets | 21/28 | €32,652 | €23,655 | -€8,997 | -27.6% |
| Tangible fixed assets | 22/27 | €32,652 | €23,655 | -€8,997 | -27.6% |
| Furniture and vehicles | 24 | €8,503 | €6,154 | -€2,349 | -27.6% |
| Other tangible fixed assets | 26 | €24,149 | €17,501 | -€6,648 | -27.5% |
| Current assets | 29/58 | €27,595 | €30,030 | +€2,435 | +8.8% |
| Stocks and contracts in progress | 3 | €9,575 | €4,523 | -€5,052 | -52.8% |
| Stocks | 30/36 | €9,575 | €4,523 | -€5,052 | -52.8% |
| Amounts receivable within one year | 40/41 | €2,212 | €525 | -€1,687 | -76.2% |
| Trade receivables | 40 | €2,212 | €525 | -€1,687 | -76.2% |
| Cash at bank and in hand | 54/58 | €15,808 | €24,279 | +€8,472 | +53.6% |
| Deferred charges and accrued income | 490/1 | - | €702 | +€702 | |
| Total equity and liabilities | 10/49 | €61,108 | €53,685 | -€7,423 | -12.1% |
| Equity | 10/15 | -€28,290 | €8,216 | +€36,506 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,350 | €156 | +€36,506 | |
| Amounts payable | 17/49 | €89,397 | €45,469 | -€43,928 | -49.1% |
| Amounts payable within one year | 42/48 | €89,397 | €45,469 | -€43,928 | -49.1% |
| Financial debts | 43 | €1,871 | - | -€1,871 | |
| Credit institutions | 430/8 | €1,871 | - | -€1,871 | |
| Trade debts | 44 | €17,457 | €10,907 | -€6,550 | -37.5% |
| Suppliers | 440/4 | €17,457 | €10,907 | -€6,550 | -37.5% |
| Taxes, remuneration and social security | 45 | €8,958 | €16,985 | +€8,027 | +89.6% |
| Taxes | 450/3 | €6,783 | €10,616 | +€3,833 | +56.5% |
| Remuneration and social security | 454/9 | €2,175 | €6,369 | +€4,194 | +193% |
| Other amounts payable | 47/48 | €61,112 | €17,577 | -€43,535 | -71.2% |
| Remuneration, social security and pensions | 62 | €5,360 | €85,674 | +€80,314 | +1,498% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,856 | €9,858 | -€6,999 | -41.5% |
| Other operating charges | 640/8 | €387 | €1,551 | +€1,163 | +300% |
| Non-recurring operating charges | 66A | - | €233 | +€233 | |
| Gross operating margin | 9900 | €50,529 | €137,295 | +€86,766 | +172% |
| Operating profit (loss) | 9901 | €27,925 | €39,979 | +€12,054 | +43.2% |
| Financial charges | 65/66B | €13,639 | €3,474 | -€10,165 | -74.5% |
| Recurring financial charges | 65 | €13,639 | €3,474 | -€10,165 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €14,287 | €36,506 | +€22,219 | +156% |
| Profit (loss) for the period | 9904 | €14,287 | €36,506 | +€22,219 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €14,287 | €36,506 | +€22,219 | +156% |
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 31 October 2026 via checked.be.