FAUSTO RASTELLI: 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.
FAUSTO RASTELLI
Largest movements
- Cash +€92,406
up €92,406 (+734%), from €12,583 to €104,989
mainly Net result for the year (+€72,333) and Tax, wage and social debts (+€9,485)
- Receivables within one year -€6,198
down €6,198 (-28.4%), from €21,844 to €15,647
of which Trade receivables: -€6,202
- Tangible fixed assets -€2,638
down €2,638 (-52.6%), from €5,019 to €2,380
- Reserves +€72,333
up €72,333 (+67.1%), from €107,773 to €180,106
- Tax, wage and social debts +€9,485
up €9,485 (+37.8%), from €25,097 to €34,582
- Gross operating margin +€28,272
up €28,272 (+38.2%), from €73,962 to €102,234
- Taxes +€8,580
up €8,580 (+42.8%), from €20,055 to €28,635
- Financial income +€1,699
up €1,699 (+1,511%), from €112 to €1,812
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,861 | €223,423 | +€83,562 | +59.7% |
| Fixed assets | 21/28 | €5,019 | €2,380 | -€2,638 | -52.6% |
| Tangible fixed assets | 22/27 | €5,019 | €2,380 | -€2,638 | -52.6% |
| Furniture and vehicles | 24 | €5,019 | €2,380 | -€2,638 | -52.6% |
| Current assets | 29/58 | €134,842 | €221,043 | +€86,200 | +63.9% |
| Amounts receivable within one year | 40/41 | €21,844 | €15,647 | -€6,198 | -28.4% |
| Trade receivables | 40 | €21,761 | €15,558 | -€6,202 | -28.5% |
| Other amounts receivable | 41 | €84 | €88 | +€5 | +5.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,583 | €104,989 | +€92,406 | +734% |
| Deferred charges and accrued income | 490/1 | €415 | €407 | -€8 | -2.0% |
| Total equity and liabilities | 10/49 | €139,861 | €223,423 | +€83,562 | +59.7% |
| Equity | 10/15 | €110,773 | €183,106 | +€72,333 | +65.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €107,773 | €180,106 | +€72,333 | +67.1% |
| Distributable reserves | 133 | €107,773 | €180,106 | +€72,333 | +67.1% |
| Amounts payable | 17/49 | €29,088 | €40,317 | +€11,229 | +38.6% |
| Amounts payable within one year | 42/48 | €29,088 | €40,317 | +€11,229 | +38.6% |
| Trade debts | 44 | €380 | €147 | -€233 | -61.2% |
| Suppliers | 440/4 | €380 | €147 | -€233 | -61.2% |
| Taxes, remuneration and social security | 45 | €25,097 | €34,582 | +€9,485 | +37.8% |
| Taxes | 450/3 | €25,097 | €34,582 | +€9,485 | +37.8% |
| Other amounts payable | 47/48 | €3,611 | €5,588 | +€1,977 | +54.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,213 | €2,638 | +€425 | +19.2% |
| Other operating charges | 640/8 | €367 | €397 | +€30 | +8.2% |
| Gross operating margin | 9900 | €73,962 | €102,234 | +€28,272 | +38.2% |
| Operating profit (loss) | 9901 | €71,381 | €99,198 | +€27,817 | +39.0% |
| Financial income | 75/76B | €112 | €1,812 | +€1,699 | +1,511% |
| Recurring financial income | 75 | €112 | €1,812 | +€1,699 | +1,511% |
| Financial charges | 65/66B | €94 | €42 | -€51 | -54.8% |
| Recurring financial charges | 65 | €94 | €42 | -€51 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €71,400 | €100,968 | +€29,568 | +41.4% |
| Income taxes | 67/77 | €20,055 | €28,635 | +€8,580 | +42.8% |
| Profit (loss) for the period | 9904 | €51,346 | €72,333 | +€20,987 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,346 | €72,333 | +€20,987 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.