FRATELLI 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.
FRATELLI RASTELLI
Largest movements
- Receivables after one year -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Tangible fixed assets +€73,268
up €73,268 (+10.2%), from €715,755 to €789,023
of which Other tangible fixed assets: +€71,053
- Receivables within one year -€67,782
down €67,782 (-63.2%), from €107,324 to €39,542
of which Trade receivables: -€70,079
- Cash +€28,457
up €28,457 (+6.8%), from €419,085 to €447,542
mainly Receivables after one year (+€150,000) and Net result for the year (+€128,673)
- Trade debts -€73,279
down €73,279 (-63.5%), from €115,393 to €42,114
- Debts after one year -€40,446
down €40,446 (-17.3%), from €233,782 to €193,336
- Provisions +€40,000
up €40,000 (+100%), from €40,000 to €80,000
- Advances received -€33,566
down €33,566 (-100%), from €33,566 to €0
- Reserves -€30,353
down €30,353 (-4.0%), from €766,757 to €736,404
of which Distributable reserves: -€30,353
- Gross operating margin +€57,767
up €57,767 (+14.8%), from €389,048 to €446,815
- Staff costs +€21,265
up €21,265 (+18.3%), from €116,011 to €137,276
- Depreciation +€16,279
up €16,279 (+28.9%), from €56,320 to €72,599
- Taxes +€5,527
up €5,527 (+10.7%), from €51,697 to €57,224
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 | €1,514,155 | €1,390,046 | -€124,109 | -8.2% |
| Fixed assets | 21/28 | €715,755 | €789,023 | +€73,268 | +10.2% |
| Tangible fixed assets | 22/27 | €715,755 | €789,023 | +€73,268 | +10.2% |
| Land and buildings | 22 | €359,455 | €350,419 | -€9,036 | -2.5% |
| Plant, machinery and equipment | 23 | €45,833 | €57,085 | +€11,251 | +24.5% |
| Other tangible fixed assets | 26 | €310,467 | €381,520 | +€71,053 | +22.9% |
| Current assets | 29/58 | €798,400 | €601,023 | -€197,377 | -24.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Other amounts receivable | 291 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Stocks and contracts in progress | 3 | €6,485 | €9,144 | +€2,659 | +41.0% |
| Stocks | 30/36 | €6,485 | €9,144 | +€2,659 | +41.0% |
| Amounts receivable within one year | 40/41 | €107,324 | €39,542 | -€67,782 | -63.2% |
| Trade receivables | 40 | €107,324 | €37,245 | -€70,079 | -65.3% |
| Other amounts receivable | 41 | €0 | €2,297 | +€2,297 | |
| Current investments | 50/53 | €4,680 | €4,796 | +€116 | +2.5% |
| Cash at bank and in hand | 54/58 | €419,085 | €447,542 | +€28,457 | +6.8% |
| Deferred charges and accrued income | 490/1 | €10,827 | €0 | -€10,827 | -100% |
| Total equity and liabilities | 10/49 | €1,514,155 | €1,390,046 | -€124,109 | -8.2% |
| Equity | 10/15 | €776,757 | €746,404 | -€30,353 | -3.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €766,757 | €736,404 | -€30,353 | -4.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €766,757 | €736,404 | -€30,353 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €40,000 | €80,000 | +€40,000 | +100% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €80,000 | +€40,000 | +100% |
| Major repairs and maintenance | 162 | €40,000 | €80,000 | +€40,000 | +100% |
| Amounts payable | 17/49 | €697,398 | €563,642 | -€133,756 | -19.2% |
| Amounts payable after more than one year | 17 | €233,782 | €193,336 | -€40,446 | -17.3% |
| Financial debts | 170/4 | €233,782 | €193,336 | -€40,446 | -17.3% |
| Amounts payable within one year | 42/48 | €378,376 | €273,279 | -€105,097 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €43,196 | €43,791 | +€595 | +1.4% |
| Trade debts | 44 | €115,393 | €42,114 | -€73,279 | -63.5% |
| Suppliers | 440/4 | €115,393 | €42,114 | -€73,279 | -63.5% |
| Advances received on contracts in progress | 46 | €33,566 | €0 | -€33,566 | -100% |
| Taxes, remuneration and social security | 45 | €19,592 | €25,254 | +€5,662 | +28.9% |
| Taxes | 450/3 | €9,551 | €11,057 | +€1,507 | +15.8% |
| Remuneration and social security | 454/9 | €10,042 | €14,196 | +€4,155 | +41.4% |
| Other amounts payable | 47/48 | €166,629 | €162,120 | -€4,509 | -2.7% |
| Accrued charges and deferred income | 492/3 | €85,240 | €97,027 | +€11,787 | +13.8% |
| Remuneration, social security and pensions | 62 | €116,011 | €137,276 | +€21,265 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,320 | €72,599 | +€16,279 | +28.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,000 | €40,000 | = | 0.0% |
| Other operating charges | 640/8 | €14,945 | €13,853 | -€1,092 | -7.3% |
| Gross operating margin | 9900 | €389,048 | €446,815 | +€57,767 | +14.8% |
| Operating profit (loss) | 9901 | €161,772 | €183,086 | +€21,314 | +13.2% |
| Financial income | 75/76B | €7,994 | €7,839 | -€156 | -1.9% |
| Recurring financial income | 75 | €7,994 | €7,839 | -€156 | -1.9% |
| Financial charges | 65/66B | €9,191 | €5,028 | -€4,163 | -45.3% |
| Recurring financial charges | 65 | €9,191 | €5,028 | -€4,163 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €160,575 | €185,897 | +€25,322 | +15.8% |
| Income taxes | 67/77 | €51,697 | €57,224 | +€5,527 | +10.7% |
| Profit (loss) for the period | 9904 | €108,879 | €128,673 | +€19,794 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,879 | €128,673 | +€19,794 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.