ELENA ROMANO: 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.
ELENA ROMANO
Largest movements
- Receivables within one year +€10,823
up €10,823 (+14.8%), from €73,112 to €83,935
of which Other amounts receivable: +€10,023
- Cash -€7,859
down €7,859 (-7.2%), from €109,543 to €101,684
mainly Contributions, distributions and other (-€71,007) and Receivables within one year (-€10,823)
- Other debts +€24,704
up €24,704 (+6,180%), from €400 to €25,104
- Reserves -€20,000
down €20,000 (-11.4%), from €175,971 to €155,971
of which Distributable reserves: -€20,000
- Tax, wage and social debts -€5,638
down €5,638 (-39.5%), from €14,289 to €8,651
of which Taxes: -€5,638
- Current portion of long-term debt +€4,178
up €4,178 (+99.2%), from €4,213 to €8,390
- Purchases and services -€34,500
down €34,500 (-14.0%), from €247,207 to €212,707
- Turnover -€34,176
down €34,176 (-10.6%), from €321,397 to €287,221
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,691 | €217,369 | +€2,678 | +1.2% |
| Fixed assets | 21/28 | €29,536 | €28,655 | -€881 | -3.0% |
| Tangible fixed assets | 22/27 | €4,536 | €3,655 | -€881 | -19.4% |
| Plant, machinery and equipment | 23 | €1,506 | €1,861 | +€355 | +23.6% |
| Furniture and vehicles | 24 | €3,030 | €1,794 | -€1,236 | -40.8% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €185,154 | €188,714 | +€3,559 | +1.9% |
| Amounts receivable within one year | 40/41 | €73,112 | €83,935 | +€10,823 | +14.8% |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | €73,112 | €83,135 | +€10,023 | +13.7% |
| Cash at bank and in hand | 54/58 | €109,543 | €101,684 | -€7,859 | -7.2% |
| Deferred charges and accrued income | 490/1 | €2,500 | €3,095 | +€596 | +23.8% |
| Total equity and liabilities | 10/49 | €214,691 | €217,369 | +€2,678 | +1.2% |
| Equity | 10/15 | €194,571 | €174,571 | -€20,000 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,971 | €155,971 | -€20,000 | -11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €174,111 | €154,111 | -€20,000 | -11.5% |
| Amounts payable | 17/49 | €20,119 | €42,797 | +€22,678 | +113% |
| Amounts payable within one year | 42/48 | €20,119 | €42,797 | +€22,678 | +113% |
| Current portion of amounts payable after more than one year | 42 | €4,213 | €8,390 | +€4,178 | +99.2% |
| Trade debts | 44 | €1,218 | €652 | -€566 | -46.5% |
| Suppliers | 440/4 | €1,218 | €652 | -€566 | -46.5% |
| Taxes, remuneration and social security | 45 | €14,289 | €8,651 | -€5,638 | -39.5% |
| Taxes | 450/3 | €14,289 | €8,651 | -€5,638 | -39.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €400 | €25,104 | +€24,704 | +6,180% |
| Turnover | 70 | €321,397 | €287,221 | -€34,176 | -10.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €247,207 | €212,707 | -€34,500 | -14.0% |
| Remuneration, social security and pensions | 62 | - | €433 | +€433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,501 | €2,816 | -€684 | -19.5% |
| Other operating charges | 640/8 | €667 | €965 | +€298 | +44.7% |
| Gross operating margin | 9900 | €77,750 | €78,190 | +€441 | +0.6% |
| Operating profit (loss) | 9901 | €73,582 | €73,977 | +€394 | +0.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €3,117 | €1,091 | -€2,025 | -65.0% |
| Recurring financial charges | 65 | €3,117 | €1,091 | -€2,025 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €70,466 | €72,890 | +€2,425 | +3.4% |
| Income taxes | 67/77 | €20,989 | €21,883 | +€894 | +4.3% |
| Profit (loss) for the period | 9904 | €49,476 | €51,007 | +€1,531 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,476 | €51,007 | +€1,531 | +3.1% |
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 24 October 2026 via checked.be.