I.O. TUNNELLO: 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.
I.O. TUNNELLO
Largest movements
- Cash +€38,865
up €38,865 (+67.3%), from €57,764 to €96,630
mainly Depreciation (+€17,257) and Receivables within one year (+€17,208)
- Receivables within one year -€17,208
down €17,208 (-29.0%), from €59,420 to €42,212
- Tangible fixed assets -€16,519
down €16,519 (-4.8%), from €347,734 to €331,215
of which Land and buildings: -€15,856
- Debts after one year -€17,542
down €17,542 (-10.9%), from €160,913 to €143,372
- Reserves +€13,133
up €13,133 (+8.7%), from €150,863 to €163,996
of which Distributable reserves: +€13,133
- Depreciation -€3,775
down €3,775 (-17.9%), from €21,032 to €17,257
- Financial charges +€2,492
up €2,492 (+59.5%), from €4,191 to €6,683
- Other operating charges +€805
up €805 (+30.5%), from €2,644 to €3,449
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 | €466,166 | €471,394 | +€5,228 | +1.1% |
| Fixed assets | 21/28 | €347,734 | €331,215 | -€16,519 | -4.8% |
| Tangible fixed assets | 22/27 | €347,734 | €331,215 | -€16,519 | -4.8% |
| Land and buildings | 22 | €343,155 | €327,299 | -€15,856 | -4.6% |
| Plant, machinery and equipment | 23 | €2,982 | €2,887 | -€96 | -3.2% |
| Furniture and vehicles | 24 | €1,598 | €1,030 | -€568 | -35.5% |
| Current assets | 29/58 | €118,431 | €140,179 | +€21,748 | +18.4% |
| Amounts receivable within one year | 40/41 | €59,420 | €42,212 | -€17,208 | -29.0% |
| Trade receivables | 40 | €59,420 | €42,212 | -€17,208 | -29.0% |
| Cash at bank and in hand | 54/58 | €57,764 | €96,630 | +€38,865 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,248 | €1,337 | +€90 | +7.2% |
| Total equity and liabilities | 10/49 | €466,166 | €471,394 | +€5,228 | +1.1% |
| Equity | 10/15 | €225,863 | €238,996 | +€13,133 | +5.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €150,863 | €163,996 | +€13,133 | +8.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €143,363 | €156,496 | +€13,133 | +9.2% |
| Amounts payable | 17/49 | €240,303 | €232,398 | -€7,905 | -3.3% |
| Amounts payable after more than one year | 17 | €160,913 | €143,372 | -€17,542 | -10.9% |
| Financial debts | 170/4 | €160,913 | €143,372 | -€17,542 | -10.9% |
| Amounts payable within one year | 42/48 | €79,390 | €85,096 | +€5,706 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €13,086 | €17,474 | +€4,388 | +33.5% |
| Trade debts | 44 | €243 | €800 | +€556 | +229% |
| Suppliers | 440/4 | €243 | €800 | +€556 | +229% |
| Taxes, remuneration and social security | 45 | €10,045 | €9,808 | -€238 | -2.4% |
| Taxes | 450/3 | €10,045 | €8,008 | -€2,038 | -20.3% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €56,015 | €57,014 | +€1,000 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €3,930 | +€3,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,032 | €17,257 | -€3,775 | -17.9% |
| Other operating charges | 640/8 | €2,644 | €3,449 | +€805 | +30.5% |
| Gross operating margin | 9900 | €44,589 | €44,195 | -€394 | -0.9% |
| Operating profit (loss) | 9901 | €20,913 | €23,489 | +€2,575 | +12.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,191 | €6,683 | +€2,492 | +59.5% |
| Recurring financial charges | 65 | €4,191 | €6,683 | +€2,492 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €16,722 | €16,808 | +€86 | +0.5% |
| Income taxes | 67/77 | €3,570 | €3,675 | +€105 | +2.9% |
| Profit (loss) for the period | 9904 | €13,152 | €13,133 | -€19 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,152 | €13,133 | -€19 | -0.1% |
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 25 October 2026 via checked.be.