FILIPPO VERO: 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.
FILIPPO VERO
Largest movements
- Tangible fixed assets -€50,157
down €50,157 (-4.9%), from €1.0m to €967,612
of which Land and buildings: -€47,386
- Receivables within one year -€30,120
down €30,120 (-43.9%), from €68,630 to €38,511
of which Trade receivables: -€29,291
- Debts after one year -€61,078
down €61,078 (-10.2%), from €601,063 to €539,984
of which Financial debts: -€61,078
- Tax, wage and social debts -€22,348
no longer reported in 2024 (was €22,348)
- Gross operating margin -€8,477
down €8,477 (-9.7%), from €87,732 to €79,255
- Financial charges +€5,268
up €5,268 (+11.9%), from €44,178 to €49,446
- Financial income +€4,324
up €4,324 (+38.2%), from €11,328 to €15,653
- Depreciation -€4,072
down €4,072 (-7.5%), from €54,229 to €50,157
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,555,178 | €1,465,427 | -€89,751 | -5.8% |
| Fixed assets | 21/28 | €1,019,718 | €969,562 | -€50,157 | -4.9% |
| Tangible fixed assets | 22/27 | €1,017,768 | €967,612 | -€50,157 | -4.9% |
| Land and buildings | 22 | €1,003,694 | €956,308 | -€47,386 | -4.7% |
| Plant, machinery and equipment | 23 | €11,715 | €10,181 | -€1,534 | -13.1% |
| Furniture and vehicles | 24 | €2,360 | €1,122 | -€1,237 | -52.4% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €535,459 | €495,866 | -€39,594 | -7.4% |
| Amounts receivable within one year | 40/41 | €68,630 | €38,511 | -€30,120 | -43.9% |
| Trade receivables | 40 | €46,851 | €17,560 | -€29,291 | -62.5% |
| Other amounts receivable | 41 | €21,779 | €20,950 | -€829 | -3.8% |
| Current investments | 50/53 | €466,543 | €457,051 | -€9,492 | -2.0% |
| Cash at bank and in hand | 54/58 | €33 | €26 | -€7 | -20.9% |
| Deferred charges and accrued income | 490/1 | €254 | €278 | +€25 | +9.7% |
| Total equity and liabilities | 10/49 | €1,555,178 | €1,465,427 | -€89,751 | -5.8% |
| Equity | 10/15 | €278,540 | €268,246 | -€10,294 | -3.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,237 | €2,237 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,237 | - | -€2,237 | |
| Reserves not available under the articles | 1311 | €2,237 | - | -€2,237 | |
| Distributable reserves | 133 | - | €2,237 | +€2,237 | |
| Profit (loss) carried forward | 14 | €151,303 | €141,009 | -€10,294 | -6.8% |
| Amounts payable | 17/49 | €1,276,638 | €1,197,181 | -€79,457 | -6.2% |
| Amounts payable after more than one year | 17 | €601,063 | €539,984 | -€61,078 | -10.2% |
| Financial debts | 170/4 | €438,705 | €377,627 | -€61,078 | -13.9% |
| Other amounts payable | 178/9 | €162,358 | €162,358 | = | 0.0% |
| Amounts payable within one year | 42/48 | €644,894 | €626,516 | -€18,378 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €59,324 | €72,376 | +€13,052 | +22.0% |
| Financial debts | 43 | €490,261 | €488,611 | -€1,650 | -0.3% |
| Credit institutions | 430/8 | €490,261 | €488,611 | -€1,650 | -0.3% |
| Trade debts | 44 | €43,640 | €49,920 | +€6,280 | +14.4% |
| Suppliers | 440/4 | €43,640 | €49,920 | +€6,280 | +14.4% |
| Taxes, remuneration and social security | 45 | €22,348 | - | -€22,348 | |
| Taxes | 450/3 | €22,348 | - | -€22,348 | |
| Other amounts payable | 47/48 | €29,321 | €15,609 | -€13,713 | -46.8% |
| Accrued charges and deferred income | 492/3 | €30,681 | €30,681 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,229 | €50,157 | -€4,072 | -7.5% |
| Other operating charges | 640/8 | €5,380 | €5,599 | +€219 | +4.1% |
| Gross operating margin | 9900 | €87,732 | €79,255 | -€8,477 | -9.7% |
| Operating profit (loss) | 9901 | €28,123 | €23,499 | -€4,624 | -16.4% |
| Financial income | 75/76B | €11,328 | €15,653 | +€4,324 | +38.2% |
| Recurring financial income | 75 | €11,328 | €15,653 | +€4,324 | +38.2% |
| Financial charges | 65/66B | €44,178 | €49,446 | +€5,268 | +11.9% |
| Recurring financial charges | 65 | €44,178 | €49,446 | +€5,268 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,727 | -€10,294 | -€5,567 | -118% |
| Profit (loss) for the period | 9904 | -€4,727 | -€10,294 | -€5,567 | -118% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,727 | -€10,294 | -€5,567 | -118% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.