Giovanni Rendace: 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.
Giovanni Rendace
Largest movements
- Receivables within one year +€6,490
up €6,490 (+3,192%), from €203 to €6,693
of which Trade receivables: +€5,058
- Cash -€775
down €775 (-21.2%), from €3,661 to €2,886
mainly Receivables within one year (-€6,490) and Net result for the year (-€2,251)
- Deferred charges and accrued income -€312
no longer reported in 2025 (was €312)
- Tangible fixed assets -€269
down €269 (-15.0%), from €1,796 to €1,527
of which Furniture and vehicles: -€1,740
- Other debts +€7,322
up €7,322 (+258%), from €2,843 to €10,166
- Profit (loss) carried forward -€2,251
down €2,251 (-19.0%), from -€11,869 to -€14,120
- Gross operating margin +€340
up €340 (+49.2%), from -€691 to -€351
- Other operating charges -€255
down €255 (-50.1%), from €510 to €255
- Depreciation -€155
down €155 (-9.4%), from €1,651 to €1,496
- Financial charges +€12
up €12 (+8.6%), from €138 to €150
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 | €5,973 | €11,106 | +€5,133 | +85.9% |
| Fixed assets | 21/28 | €1,796 | €1,527 | -€269 | -15.0% |
| Tangible fixed assets | 22/27 | €1,796 | €1,527 | -€269 | -15.0% |
| Plant, machinery and equipment | 23 | - | €1,471 | +€1,471 | |
| Furniture and vehicles | 24 | €1,796 | €56 | -€1,740 | -96.9% |
| Current assets | 29/58 | €4,177 | €9,579 | +€5,402 | +129% |
| Amounts receivable within one year | 40/41 | €203 | €6,693 | +€6,490 | +3,192% |
| Trade receivables | 40 | - | €5,058 | +€5,058 | |
| Other amounts receivable | 41 | €203 | €1,635 | +€1,432 | +704% |
| Cash at bank and in hand | 54/58 | €3,661 | €2,886 | -€775 | -21.2% |
| Deferred charges and accrued income | 490/1 | €312 | - | -€312 | |
| Total equity and liabilities | 10/49 | €5,973 | €11,106 | +€5,133 | +85.9% |
| Equity | 10/15 | €3,130 | €879 | -€2,251 | -71.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,999 | €12,999 | = | 0.0% |
| Distributable reserves | 133 | €12,999 | €12,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,869 | -€14,120 | -€2,251 | -19.0% |
| Amounts payable | 17/49 | €2,843 | €10,228 | +€7,384 | +260% |
| Amounts payable within one year | 42/48 | €2,843 | €10,228 | +€7,384 | +260% |
| Trade debts | 44 | - | €62 | +€62 | |
| Suppliers | 440/4 | - | €62 | +€62 | |
| Other amounts payable | 47/48 | €2,843 | €10,166 | +€7,322 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,651 | €1,496 | -€155 | -9.4% |
| Other operating charges | 640/8 | €510 | €255 | -€255 | -50.1% |
| Gross operating margin | 9900 | -€691 | -€351 | +€340 | +49.2% |
| Operating profit (loss) | 9901 | -€2,852 | -€2,101 | +€751 | +26.3% |
| Financial charges | 65/66B | €138 | €150 | +€12 | +8.6% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,990 | -€2,251 | +€739 | +24.7% |
| Profit (loss) for the period | 9904 | -€2,990 | -€2,251 | +€739 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,990 | -€2,251 | +€739 | +24.7% |
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 30 October 2026 via checked.be.