FORZA ITALIA: what changed
FORZA ITALIA
Largest movements
- Tangible fixed assets -€39,742
down €39,742 (-3.9%), from €1.0m to €970,065
of which Land and buildings: -€36,971
- Cash +€24,492
up €24,492 (+21.0%), from €116,571 to €141,063
mainly Depreciation (+€39,742) and Trade debts (+€556)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€20,306
up €20,306 (+65.8%), from €30,850 to €51,156
- Purchases and services -€16,110
down €16,110 (-24.2%), from €66,530 to €50,420
- Other operating charges +€5,061
up €5,061 (+87.5%), from €5,786 to €10,847
- Financial charges +€3,360
up €3,360, from -€3,132 to €228
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,127,848 | €1,121,370 | -€6,478 | -0.6% |
| Fixed assets | 21/28 | €1,010,713 | €970,971 | -€39,742 | -3.9% |
| Tangible fixed assets | 22/27 | €1,009,807 | €970,065 | -€39,742 | -3.9% |
| Land and buildings | 22 | €1,004,436 | €967,465 | -€36,971 | -3.7% |
| Furniture and vehicles | 24 | €5,371 | €2,600 | -€2,771 | -51.6% |
| Financial fixed assets | 28 | €906 | €906 | = | 0.0% |
| Current assets | 29/58 | €117,135 | €150,399 | +€33,264 | +28.4% |
| Amounts receivable after more than one year | 29 | €11 | €11 | = | 0.0% |
| Other amounts receivable | 291 | €11 | €11 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €553 | €9,325 | +€8,772 | +1,586% |
| Trade receivables | 40 | - | €9,325 | +€9,325 | |
| Other amounts receivable | 41 | €553 | - | -€553 | |
| Cash at bank and in hand | 54/58 | €116,571 | €141,063 | +€24,492 | +21.0% |
| Total equity and liabilities | 10/49 | €1,127,848 | €1,121,370 | -€6,478 | -0.6% |
| Equity | 10/15 | €755,039 | €755,378 | +€339 | 0.0% |
| Contributions | 10/11 | €965,000 | €965,000 | = | 0.0% |
| Capital | 10 | €965,000 | €965,000 | = | 0.0% |
| Issued capital | 100 | €965,000 | €965,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,961 | -€209,622 | +€339 | +0.2% |
| Amounts payable | 17/49 | €372,809 | €365,992 | -€6,817 | -1.8% |
| Amounts payable after more than one year | 17 | €8,880 | €5,840 | -€3,040 | -34.2% |
| Other amounts payable | 178/9 | €8,880 | €5,840 | -€3,040 | -34.2% |
| Amounts payable within one year | 42/48 | €363,929 | €360,152 | -€3,777 | -1.0% |
| Trade debts | 44 | €70 | €626 | +€556 | +794% |
| Suppliers | 440/4 | €70 | €626 | +€556 | +794% |
| Other amounts payable | 47/48 | €363,859 | €359,526 | -€4,333 | -1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,530 | €50,420 | -€16,110 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,742 | €39,742 | = | 0.0% |
| Other operating charges | 640/8 | €5,786 | €10,847 | +€5,061 | +87.5% |
| Gross operating margin | 9900 | €30,850 | €51,156 | +€20,306 | +65.8% |
| Operating profit (loss) | 9901 | -€14,678 | €567 | +€15,245 | |
| Financial charges | 65/66B | -€3,132 | €228 | +€3,360 | |
| Recurring financial charges | 65 | -€3,132 | €228 | +€3,360 | |
| Profit (loss) for the period before taxes | 9903 | -€11,546 | €339 | +€11,885 | |
| Profit (loss) for the period | 9904 | -€11,546 | €339 | +€11,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,546 | €339 | +€11,885 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.